Bank that lent $300m to Trump linked to Russian money laundering scam
These crazy dots need connecting.
Bank that lent $300m to Trump linked to Russian money laundering scam
Deutsche Bank among western institutions that processed billions of dollars in cash of ‘criminal origin’ through Latvia
Luke Harding and Nick Hopkins
Tuesday 21 March 2017 15.00 EDT
Last modified on Wednesday 22 March 2017 03.13 EDT
The German bank that loaned $300m (£260m) to Donald Trump played a prominent role in a money laundering scandal run by Russian criminals with ties to the Kremlin, the Guardian can reveal.
Deutsche Bank is one of dozens of western financial institutions that processed at least $20bn – and possibly more – in money of “criminal origin” from Russia.
The scheme, dubbed “the Global Laundromat”, ran from 2010 to 2014.
Law enforcement agencies are investigating how a group of politically well-connected Russians were able to use UK-registered companies to launder billions of dollars in cash. The companies made fictitious loans to each other, underwritten by Russian businesses.
The companies would default on these “debts”. Judges in Moldova then made court rulings enforcing judgments against the firms. This allowed Russian bank accounts to transfer huge sums to Moldova legally. From there, the money went to accounts in Latvia with Trasta Komercbanka.
Deutsche, Germany’s biggest lender, acted as a “correspondent bank” for Trasta until 2015. This meant Deutsche provided dollar-denominated services to Trasta’s non-resident Russian clients. This service was used to move money from Latvia to banks across the world.
During this period many Wall Street banks got out of Latvia, citing concerns that the small Baltic country had become a centre for international money laundering, especially from neighbouring Russia.
more...
https://www.theguardian.com/world/2017/mar/21/deutsche-bank-that-lent-300m-to-trump-linked-to-russian-money-laundering-scam
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(The image below is not in any way an oblique phallic reference for gross overcompensation, so don't even think that).
Why in the world should we look away from any of his possible shady connections? There is no just giving this fucker the benefit of the doubt on anything.
I am at the point where any suggestion not to pursue any and all possible criminal behavior from Traitor Don and Co. makes me more than a little irritable and wary.
It was just my rambling on my post. You are right we can multitask.
