Dem rep: Trump's real estate deals violated Foreign Corrupt Practices Act

[DonViejo]

BY JOHN BOWDEN - 02/07/19 10:14 AM EST

Rep. Jackie Speier (D-Calif.) said early Thursday that she thinks President Trump's real estate dealings violated the Foreign Corrupt Practices Act, which governs U.S. businesses' dealings with foreign investors.

"I have thought for a very long time that the president, as a real estate developer, had violated what's called the Foreign Corrupt Practices Act," Speier said on CNN's "New Day."

"It is a requirement that anyone who is doing business with a foreign entity make sure that none of the money that comes in to a project has been laundered," she added.

Speier pointed to three Trump Organization properties that went bankrupt at a time when other nearby hotels were prospering as examples of possible money laundering.

"I've focused in on three [projects]: the Toronto project, the SoHo project, and the Panama project," she added. "All Trump hotels, all of which went belly up at a time, particularly in the Toronto project, when not one other high-rise property was bankrupted. But the Trump property was."

Link to tweet

more
https://thehill.com/homenews/house/428918-dem-rep-trumps-real-estate-deals-violated-foreign-corrupt-practices-act

[DURHAM D]

1. Go Jackie ! nt

[dalton99a]

2. Kick

[leanforward]

3. I like that reasoning

I like her thinking, tying the 3 projects together. A point for me is other hotels in that particular market didn't go bankrupt.

[onit2day]

23. Corruption has been his whole life so suspicions are well justified.

[SWBTATTReg]

4. The foreign corrupt practices act was one that every employee at my company had to review, and ...

then sign off on an acknowledge that they understood the provisions of this act every year. Every year!

Rump better not get a free pass on this ... the rest of us didn't.

One other thing too not mentioned, bribes too were covered (don't do, in order to do business). I am pretty sure 99.99% that rump is / was heavily involved w/ bribery (definitely in NYC, but don't know if FCPC would cover or some other law) in Russia and/or other less scrupulous locations overseas.

[True Blue American]

17. We know Trump

Was going to bribe Putin with a $50 million dollar penthouse.

[SWBTATTReg]

21. Absolutely! This alone should mean that rump should be charged...why hasn't he? NT

[SuprstitionAintthWay]

24. He will be charged, with multiple federal felonies.

They'll just be sealed until late Jan. 2021. State AG's might try before then, we'll see.

What's esp. aggravating tho is how poor enforcement of the Foreign Corrupt Practices Act and related anti-laundering laws has been for decades. Trump should have been convicted long before he ever got within hailing distance of political offiice.

The U.S. needs a lot more IRS and SEC criminal investigators, and always has. And fewer federal judges appointed for their fealty to corporate and banking interests.

[SWBTATTReg]

25. All good points. Hopefully we won't have to wait that long for taking down rump and his...

corrupt cronies. It would be in the national interest and national security of this country to do so and someone w/ the authorization to make it so should do so. Congress? Fed. prosecutors? One thing this corrupt president has done, is reveal the failures of government when one party is clearly determined to circumvent the rule of law.

Personally, I think that the elections of 2016 should be null and void. All supreme court appointments should be nullified. All federal positions should be voided. All laws, executive actions, etc. passed under this so called president should be wiped off the map/books.

[NewJeffCT]

5. The money was probably almost all laundered

I'm guessing

[WA-03 Democrat]

15. So true!

Love that!

[lagomorph777]

6. I just did FCPA training at work.

FCPA is not to be trifled with; it can (and often does) bankrupt companies and send employees to jail.

[DetlefK]

7. SoHo? The project where Trump's partner was russian mobster Felix Sater?

[Atticus]

8. Just one of the people who make me proud to be a Democrat. nt

[Scurrilous]

9. K&R

[neohippie]

10. Especially his deal that had Iranian ties

https://www.newyorker.com/news/news-desk/the-iran-business-ties-trump-didnt-disclose

https://www.newyorker.com/magazine/2017/03/13/donald-trumps-worst-deal

Donald Trump’s Worst Deal
The President helped build a hotel in Azerbaijan that appears to be a corrupt operation engineered by oligarchs tied to Iran’s Revolutionary Guard.

[watoos]

14. Are you aware,

that Ivanka's name is on the Baku tower and not Donnie's? I think they vamoosed from the project when it came under scrutiny. I will have to read your links.

[sandensea]

11. Cheeto's entire existence is a violation of the Foreign Corrupt Practices Act

The man's a walking felony. Always has been.

[PatSeg]

13. It boggles the mind

how much the man has gotten away with over the decades. Its not like he is really all that smart, just totally corrupt to the bone.

[sandensea]

16. Impunity like that couldn't have happened without someone pulling major strings

And I guess that's his real talent: he has a knack for identifying, finding, and somehow endearing himself to heavy hitters who can get him out of a spot whenever needed.

[PatSeg]

20. That's a good point

He was a big fish in a small pond and he thought he could take his questionable talents to the national and international stage. To quote Trump himself, "It just doesn't work that way!" (Complete with that odd mocking smirk of his)

[sandensea]

22. Thank you. This will all end badly for him.

I just hope we don't end up stuck with Sir Fetus Funeral in the bargain.

Just as extreme (if not more so), just as complicit in Trussiagate (through his brother Ed, who owes everything he has to Putin) - but in a way worse because to many voters he "seems nice."

Nothing worse than a polite monster.

[PatSeg]

26. Oh yes, that's for sure

That blank face of his and soft voice are horrifying. I am hoping that Mueller has enough on him that he'll never move into the White House.

[House of Roberts]

12. Giving Putin a free penthouse would certainly be a violation.

A certain Louisiana congressman went to jail over $90k in his freezer that was meant for an official in Nigeria?

So what's a free penthouse if it gets you a Trump Tower in Moscow?

[yaesu]

18. Lock him up! nt

[Fuzzpope]

19. Interesting to think

About this in terms of the casino failures..

Question: how do you bankrupt a casino, when the casinos always win?

Answer: you don't. At least, not for the reasons Trump supplied.