Tuesday, December 5, 2017

Update on the Deutsche Bank documents

It seems that the subpoena was indeed for the whole stinking family.
FRANKFURT/WASHINGTON (Reuters) - A U.S. federal investigator probing alleged Russian interference in the 2016 U.S. presidential election asked Deutsche Bank (DBKGn.DE) for data on accounts held by President Donald Trump and his family, a person close to the matter said on Tuesday.

[...]

Deutsche Bank has lent the Trump Organization hundreds of millions of dollars for real estate ventures and is one of the few major lenders that has given large amounts of credit to Trump in the past decade. A string of bankruptcies at his hotel and casino businesses during the 1990s made most of Wall Street wary of extending him credit.

[...]

The subpoena was earlier reported by German daily Handelsblatt.

[...]

Deutsche Bank earlier this year rebuffed efforts by Democratic U.S. lawmakers to get more information on its dealings with Trump.

[...]

Trump had liabilities of at least $130 million to Deutsche Bank Trust Company Americas, a unit of the German bank, according to a federal financial disclosure form released in June by the U.S. Office of Government Ethics.

[...]

All of those loans were taken out in 2012 and will mature in 2023 and 2024, according to the disclosure.

  Reuters
Where we hope to find himself sitting in a jail cell. We can dream, can't we?
In January, Deutsche Bank agreed to pay $630 million in fines for organizing $10 billion in sham trades that could have been used to launder money out of Russia.
Any banksters go to jail for laundering money? I probably know the answer to that.

Here's the story.

...but hey, do what you want...you will anyway.

No comments: