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Bank Officials Detect ‘Money-Laundering’ Activity In Accounts Controlled By Trump And Kushner

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On Sunday, The New York Times reported that Deutsche Bank analysts who specialize in money-laundering recommended the bank notify federal investigators about possible criminal activity detected in accounts controlled by President Donald Trump and his son-in-law Jared Kushner.

According to bank officials, suspicious transactions started back in 2016, prompting bank employees to sound the alarm.

“The transactions, some of which involved Mr. Trump’s now-defunct foundation, set off alerts in a computer system designed to detect illicit activity, according to five current and former bank employees. Compliance staff members who then reviewed the transactions prepared so-called suspicious activity reports that they believed should be sent to a unit of the Treasury Department that polices financial crimes,” the report states.

According to the report,  high-ranking officials at the bank who appear to be deeply in bed with Trump and Kushner to the tune of billions of dollars in loans ignored their employees’ advice and the federal government was never alerted, until now.

You can read the Times report here.

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Trump Is Officially Under Investigation For Fraud By The NY District Attorney: NYT

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The Manhattan district attorney’s office is “investigating President Donald Trump and his company for bank and insurance fraud,” the New York Times reported Monday.

According to The Times, “the office of the district attorney, Cyrus R. Vance Jr., made the disclosure in a new federal court filing arguing Mr. Trump should have to comply with its subpoena seeking eight years of his personal and corporate tax returns.”

“The reports, including investigations into the president’s wealth and an article on the congressional testimony of his former lawyer and fixer, Michael D. Cohen, said that the president may have illegally inflated his net worth and the value of his properties to lenders and insurers. Lawyers for Mr. Trump have said he did nothing wrong.”

The newspaper also reported that Trump has asked a judge to declare the subpoena invalid.

The news comes less than a month after the Supreme Court, in a major ruling on the limits of presidential power, cleared the way for Mr. Vance’s prosecutors to seek Mr. Trump’s financial records.

The Times also noted that the investigation is a “significantly broader inquiry than the prosecutors have acknowledged in the past.”

You can read the entire report on The News York Times.

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