Daily Beast and New York Times: Despite decades of default worries, lawsuits, and acrimony, Deutsche Bank officials are said to have ignored deep internal concerns about Donald Trump and his finances and loaned him billions of dollars and introduced him to wealthy investors—including Russians—who were looking to keep their real-estate dealings anonymous.

Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction, a new book by New York Times Financial Editor David Enrich due Feb. 18, reports that, in 2006, the German banking giant’s employees organized get-togethers for Trump and a Los Angeles partner with its rich clients—including some Russians—“who used anonymous shell companies to buy units” in a Hawaii hotel complex the future president was developing.

Enrich reports that Deutsche, which has been caught enabling money-laundering for Russian oligarchs and misleading financial regulators in three countries, also helped Trump create “special purpose vehicles” that made it “easier for him quietly and inexpensively to acquire international properties for himself and his companies.” The financial entities also helped “the mogul strike under-the-radar deals in far-flung locales, including some that were popular destinations for people looking to hide assets,” an excerpt of the book reads.

The book claims a reckless pursuit of profits by Deutsche executives and compartmentalized sets of bankers led to the Trump loans, but they did come after officials fretted over his ties to organized-crime figures in Atlantic City and New York and concerns that his projects “were laundromats for illicit funds from countries like Russia, where oligarchs were trying to get money out of the country.”

In the end, Enrich writes the entire real-estate industry was dealing with such “flight capital” and “the loans looked profitable, the relationship felt valuable, and the concerns went unheeded.”

Read Full Story at TheDailyBeast.com

ATTENTION READERS
Due to the nature of independent content, VT cannot guarantee content validity.
We ask you to Read Our Content Policy so a clear comprehension of VT's independent non-censored media is understood and given its proper place in the world of news, opinion and media.

All content is owned by author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners or technicians. Some content may be satirical in nature. All images within are full responsibility of author and NOT VT.

About VT - Read Full Policy Notice - Comment Policy

9 COMMENTS

  1. Why do you keep posting stuff from Daily Beast, it is not a reliable source and is many layers of deep state. And if you want to write about US politics why don’t you mention the Dems utter insanity going on at the moment. Buttigieg’s app can’t compute votes? How hard can it be? All politicians deserve to be bashed every now and again, but you are constantly bashing just one side. You may say you are not even trying to be impartial, but that is no good. Journalism is informing people, and the standards should not stop at the door of VT. If you support the insane democrats just say it, so we can be clear. But I say, don’t support anyone who is completely mad. We need sanity, exposes, well sourced information, clear and sane thinking, hints on how to get the big picture. I’m a little disappointed on the poorly sourced (Daily Beast) articles and one-sided take on things at present.

  2. Imagine if the ONLY person with courage & integrity to vote no on The War on Terror and dictatorial AUMF – Commiefornia Democrat Barbara Lee – Ran for POTUS with “The Man Who Jailed 1,000 Bankers”, Bill Black! 🤯

  3. When your net worth is $2.8 billion & you got $2.5 from SugarDaddy DeutscheBank (via RussMob?) and $400 million from BioDaddy.

    #BoycotSOTU!
    Boycot State of the Union!
    Just watch SNL spoof. Because they’ll probably go verbatim, but #DramaQueenDon will still WHINE anyway. 😂

  4. Wells fined $575 million for fake account fraud. Nobody jailed…

    “The issue which has swept down the centuries and will have to be fought sooner or later is The People vs the banks” – Lord Acton (who coined “Power corrupts…”)

  5. You can’t divest. When they have a monopoly on money creation.

    This is THE issue.
    You’d think Bernie (1st POTUS candidate ever to run vs WallSt) would be best on it, but Steyer actually started a nonprofit bank.

    That Wells/cartel laundering was $378 billion! Nobody jailed!
    US hadn’t even finished paying off the S&L bailouts when the 2008 bailouts came.
    Goldman Sachs is settling another CRIMINAL case for $2 billion fine. Nobody jailed!

  6. There may be a few ‘fall guys’ but the big banksters will walk. After legal shenanigans, they’ll meet up on Jekyll Island for a duck-hunt (even ‘though their vestibules back home are stocked with live quail).

  7. Trump is a Kazarian mobster. I wish Americans would see this. I wonder if people who idolize Trump are being controlled by 5G, the electrical manifestation of BLACK GOO.

Comments are closed.