Money laundering bank to investigate money launderer

Deutsche Bank has opened an internal investigation into the longtime personal banker of President Trump and his son-in-law, Jared Kushner, over a 2013 real estate transaction between the banker and a company part-owned by Mr. Kushner.

In June 2013, the banker, Rosemary Vrablic, and two of her Deutsche Bank colleagues purchased a Park Avenue apartment for about $1.5 million from a company called Bergel 715 Associates, according to New York property records.

Mr. Kushner, a senior adviser to the president, disclosed in an annual personal financial report late Friday that he and his wife, Ivanka Trump, had received $1 million to $5 million last year from Bergel 715.

[...]

When Ms. Vrablic and her colleagues bought the apartment on Manhattan’s Upper East Side, Mr. Trump and Mr. Kushner were her clients at Deutsche Bank. They had received roughly $190 million in loans from the bank and would seek hundreds of millions of dollars more.

Typically banks restrict employees from doing personal business with clients because of the potential for conflicts between the employees’ interests and those of the bank.

Deutsche Bank said it had not been aware that Ms. Vrablic and her colleagues had done business with a company part-owned by Mr. Kushner until being contacted by The New York Times.

[...]

Mr. Kushner and Ms. Trump had not previously disclosed their stake in Bergel 715. (They did list the entity used to make the investment in Bergel 715.)

[...]

There is no indication that the three Deutsche Bank employees bought the apartment — described on Zillow as a 908-square-foot, one-bedroom, one-bath unit with a balcony overlooking Park Avenue — at a below-market price.

[...]

In 2014, the deed for the apartment, Unit 12A, was transferred to a limited liability company registered to Ms. Vrablic’s home address, according to property records. The next year, the apartment was sold for $1.85 million — a not-unheard-of 22 percent increase from the 2013 purchase price.

  NYT

One year later? Can you say "money laundering"?

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