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It Has Begun — Dems Hire Money-Laundering Experts To Dig Into Trump’s Financial Ties To Russia: Report

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As they prepare to take control of the House of Representatives, Democrats in the Intelligence Committee are hiring money-laundering and forensic accounting experts to investigate Donald Trump’s financial ties to Russia, according to a new report by The Daily Beast.

Citing three sources with knowledge of the matter, the Daily Beast revealed that the panel is hiring experts “to examine unanswered financial questions about Trump and Russia.”

The experts would also work with the Intelligence Panel on all of the topics before the panel, a Democratic source told the Beast.

According to the report, Rep. Adam Schiff (D-CA), the likely pick to take over the committee, has signaled his interest in investigating Trump’s relationship to Germany-based Deutsche Bank.

The Beast noted that Deutsche Bank loaned money to Trump at times when other lenders and the president may still owe it money.

RELATED: Trump Tower Exposed As a ‘Cathedral Of Money Laundering’ By Investigative Reporter.

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Crime

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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