VT: Looks like Trump is laundering his own cash and depending less on recently convicted MEGA bag man. China is a ‘black hole’ to investigators and Americans simply don’t ever ever ever bank there.
Trump isn’t the only GOP leader with Chinese bank ties. As the @NewYorker reported, Mitch McConnell’s sister-in-law Angela Chao became a non-executive director of the Bank of China in 2016. https://t.co/DeNQMAhS0t
— Jane Mayer (@JaneMayerNYer) October 21, 2020
NY Magazine: President Trump has spent months insisting Joe Biden is in hoc to China. “China is on a massive disinformation campaign because they are desperate to have Sleepy Joe Biden win the presidential race,” Trump tweeted last spring.
Breaking News: President Trump's tax records reveal details about his business pursuits in China, including a previously unknown bank account. https://t.co/dlFXCs7USR
— The New York Times (@nytimes) October 21, 2020
But Biden does not have financial ties to China. We know this because he released his tax returns. Trump has not released his tax returns. But the New York Times has obtained at least some of them. And they found that Trump has a Chinese bank account, and suggest he has collected earnings from that country while serving as president.
President Trump's tax records show he's pursued expansive business projects in China for years and even maintains a Chinese bank account, NYT reports, disclosures that deal a blow to the President's efforts to paint Joe Biden as the one who's soft on China https://t.co/fJMKGkr4PH
— CNN (@CNN) October 21, 2020
The returns obtained by the Times do not show how much of that money came from China. The Trump Organization refuses to say. But the dealings it found suggest a massive conflict of interest between his foreign policy and his wallet. And while Trump postures angrily against Beijing, threatening to “make them pay” for allowing the coronavirus to infect their country and then the world, somehow, nobody believes he has any way to do this.
— Frank Figliuzzi (@FrankFigliuzzi1) October 21, 2020
Daily Beast: President Trump maintains a bank account in China, even as his allies claim his Democratic opponent poses a security threat because of his son’s purported ties to China, The New York Times reports.
The NYTimes reports that Trump has a previously unknown bank account in China and made more than $17 million in China through a shell company while he was President in 2017. #QuidProTrump pic.twitter.com/1anxgDiXEc
— MeidasTouch.com (@MeidasTouch) October 21, 2020
Citing tax records, the Times reports China is one of three foreign countries where the president has bank accounts, none of which are listed on his public financial disclosures because they are under corporate names. The other two are the United Kingdom and Ireland.
The account in China, operated by Trump International Hotels Management LLC, paid $188,561 in taxes in the country from 2013 to 2015, according to the Times. Trump Organization lawyer Alan Garten confirmed the bank account to the Times, saying it had been opened “with a Chinese bank having offices in the United States in order to pay the local taxes” as part of business projects in the country.
President Trump maintains a bank account in China, even as his allies claim his Democratic opponent poses a security threat because of his son’s purported ties to China https://t.co/kKRXv5iIaV
— The Daily Beast (@thedailybeast) October 21, 2020
The company had set up an office in China at the time of the account’s opening “to explore the potential for hotel deals in Asia,” but “no deals, transactions, or other business activities ever materialized and, since 2015, the office has remained inactive.”