- Money Laundering
- Trump Organization
- Donald Trump
- Trump Properties
- Trump Lawsuits
- Trump Ethics
- Trump Lawyers
- Michael Cohen– Testified on February 27, 2019 before the US Congress that the Trump Organization inflated property values on loan applications to inflate assets and then deflated their valuations in tax filings to reduce tax liability and qualify for a loan to buy the Buffalo Bills in 2014. Cohen provided information with valuations of $8.7 billion from about 2011-13 that were given to Deutsche Bank, at least in part. Cohen also testified that Trump directed him to lie about hush money payments to Stormy Daniels that implicated Donald Trump Jr. and Allen Weisselberg, Trump CFO. Cohen took a $130,000 home-equity loan to pay for 11 installments starting with $35,000 check on August 1, 2017 from Trump’s personal bank account bearing Trump’s signature to pay Stormy (See evidence). Cohen testified that Trump knew about the June 9. 2016 Trump Tower meeting over dropping Russian sanctions in exchange for dirt on Hillary. Magnitsky Act Sanctions-“ref. Adoptions”Cohen described the “catch and kill” method of silencing whistleblowers in the media via The National Enquirer/David Pecker/AMI.
- Trump Tower Moscow–Michael Cohen testified, but Trump’s attorney Jay Sekulow denied plans that stem from 2012.
- Watch Full Cohen Testimony. Key Moments of the Cohen Testimony.
Deutsche Bank is under multiple investigations for money laundering, bank fraud, tax fraud, and insurance fraud.
2008 Trump Defaulted on a Deutsche Bank loan, so Jared Kushner recommended his private banker Rosemary Vrablic, whose boss was William Broeksmit. Broeksmit wasUkraine-born and committed suicide by hanging in 2014, leading his son to discover documents, work with the FBI, and write the book Dark Towers (Harper Collins). Interview with Dark Towers author David Enrich: Narativ Live with Zev Shalev: The Truth About Trump and Deutsche Bank Part 1 Part2
Late Deutsche Bank Exec’s Son Gave Trump, Russia Documents to FBI, Congress: Report Daily Beast Barbie Latza Nadeau October 01, 2019
2012 Doral Resort in Miami- $100 million Deutsche Bank loan
2015 Washington, DC, Old Post Office Hotel conversion – $170 million
Manhattan District Attorney Cyrus R.”Cy” Vance
Trump’s Bank Was Subpoenaed by N.Y. Prosecutors in Criminal Inquiry The subpoena, sent to Deutsche Bank, suggests that the inquiry into President Trump’s business practices is more wide-ranging than previously known. The New York Times By David Enrich, Ben Protess, William K. Rashbaum and August 5, 2020 “On his 2012 balance sheet, Mr. Trump described an estate he owns in Westchester County, N.Y., as being worth $291 million. He bought the property, Seven Springs, in 1996 for $7.5 million…Also in 2012 — just as the economy was beginning to recover from the financial crisis — Mr. Trump valued his skyscraper at 40 Wall Street in Lower Manhattan at $527 million. An article in The Wall Street Journal that year reported that property had a value of about $400 million, based on sales of comparable properties. It would be three more years until the building achieved Mr. Trump’s valuation, according to Trepp, which tracks commercial real estate lending.”
- SCOTUS Trump v. Deutsche Bank AG #19-760 Decided July 9, 2020
- SCOTUS Trump v. Vance # 19-635
- SCOTUS- Trump v. Mazars USA, LLP- #19-715 DC Circuit Court Decided July 9, 2020
- July 9, 2020 The US Supreme Court ruled that New York prosecutors may seek Trump’s financial records from Mazars USA, LLP, his accountant, because President Nixon was required to turn over Tapes that implicated him and President Clinton was also required to provide evidence that implicated him. Justices Clarence Thomas and Samuel Alito Jr. voted against it. Brett Kavanaugh and Neil Gorsuch agreed. It separately ruled that Congress could not see the same records for now.
“Trump and his family have accounts there, and the bank’s “2011 Russian mirror scandal, which the bank has already agreed to pay $628 million in fines after regulators determined the bank helped to covertly move $10 billion out of Russia through a process known as “mirror trading”” prompted Rep. Maxine Waters (D-CA), Rep. Daniel Kildee (D-MI), Rep. Gwen Moore (D-WI), Rep. Al Green (D-LA) and Rep. Ed Perlmutter (D-CO) to request “whether loans Deutsche Bank made to President Trump were guaranteed by the Russian Government, or were in any way connected to Russia,” the letter to the bank said. “Only with full disclosure can the American public determine the extent of the President’s financial ties to Russia and any impact such ties may have on his policy decisions,” the committee said in the letter.” Yahoo News
“In addition to Donald, Ivanka Trump is also said to be a Deutsche Bank client, as is Jared Kushner and his mother, who, per the Times, have “an unsecured line of credit from Deutsche Bank, valued at up to $25 million.” In addition, the Kushner family business, Kushner Companies, got a $285 million loan from the bank last year (2016). And because the Kushners and Trumps have never shied away from conflicts of interest, in 2013, Kushner reportedly “ordered up a glowing profile of [Vrablic] in the real estate magazine he owned,” with a disclosure about their connection at the very end of the piece. The New York Times reports that banking regulators are currently “reviewing hundreds of millions of dollars in loans made to Mr. Trump’s businesses through Deutsche Bank’s private wealth management unit . . . to [see] if the loans might expose the bank to heightened risk.”Meanwhile, the Guardian reports that executives at Deutsche are “expecting that the bank will soon be receiving subpoenas or other requests for information from Robert Mueller,” and that the special counsel’s investigative team and the bank have “already established informal contact in connection to the federal investigation.”
There’s certainly plenty to look into. Over the last 20 years, Trump has received more than $4 billion in loan commitments and potential bond offerings from the German lender, despite suing the company in 2008 when he fell behind on payments on the $640 million loan he was given to build Trump International Hotel & Tower in Chicago. Incredibly, in order to avoid paying the $40 million he had personally guaranteed, Trump and his lawyer argued that “Deutsche Bank is one of the banks primarily responsible for the economic dysfunction we are currently facing”—i.e. the global financial crisis—and therefore it should pay him $3 billion in damages under the extraordinary event clause in his contract. Naturally, the bank countersued, calling the real-estate developer’s claim “classic Trump.” In the end, after threatening to take his name off the building if he wasn’t granted more time to pay, the bank gave Trump extra time; when he did pay the money he owed to the firm’s real-estate lending division, it was with another loan he got from Deutsche’s wealth-management unit. Trump subsequently moved his business from the real estate group to the private wealth management group, where, according to the Times, “executives were more willing to deal with him.” One of those executives was Rosemary Vrablic, who has helped finance three Trump properties over the last six years, lending $300 million in the process. That amount is “somewhat unusual by Wall Street standards,” former and current Deutsche Bank executives and wealth managers at other firms on Wall Street told the Times” Vanity Fair
“With a book of business north of $5.5 billion, Rosemary Vrablic, a managing director in the asset and wealth management division at Deutsche Bank, can help.
Private banking is loosely defined as personalized financial services offered by banks to their high-net-worth clients.
The firm places Deutsche Bank’s global assets under management in this area at $348.6 billion at the end of 2011—no small achievement for a German-based bank at the height of the European debt crisis and during a year that saw the United States riled by its own debt ceiling debacle.
“In 2008 and 2009, I saw real concern—even from our wealthiest clients. They were in the most defensive position I have seen in all of my career,” Ms. Vrablic told The Mortgage Observer one recent winter morning at the bank’s Park Avenue offices.” Commercial Observer
Observer Media is a Kushner company.
How a scheme to help Russians secretly funnel money offshore unravelled. The New Yorker