Trump and Deutsche Bank: What a twisted web they weave

Source: New York Daily News | April 5, 2019 | Pat Dennis

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After spending the last three years running the largest anti-Trump opposition research program in the country, I can say this with certainty: Trump’s financial malfeasance has always been the crux of his deep-seated core of corruption. And many of the questions raised by Trump’s finances lie within his longstanding and dubious relationship with Deutsche Bank. That’s why we recently provided New York State Attorney General Letitia James a roadmap to investigate other shady Trump properties — at 40 Wall Street, Trump at Cap Cana, the General Motors Building in Midtown, Manhattan, Trump Castle Casino and Trump World Tower — all linked to Deutsche Bank.

Dating back to 1998, Trump and Deutsche Bank have been locked in a tango. Deutsche Bank, which is currently under federal investigation for allegedly laundering billions of dollars of dirty money, is a decades-long lender to Trump and his son-in-law Jared Kushner’s many failed business ventures. On Election Day 2016, the Trump Organization was reportedly as much as $300 million in debt to the organization. When all other lenders seemed to abandon Trump because of his many bankruptcies and failed businesses (Trump Steaks, anyone?), Deutsche Bank persisted in lending for dealings they should have known were bound to crater.

Look at Trump at 40 Wall Street, for example. Deutsche Bank more than quintupled an $18 million mortgage from Trump’s prior lender, loaning Trump $125 million for a building that Bloomberg publicly reported to be rife with con artists as tenants. Funding a building known to be inhabited by shady characters should at minimum raise questions for investigators; at worst, it has the potential to be the source of fraud.

Trump Cap Cana was an attempt to build a Trump-branded project at the $2 billion Cap Cana luxury resort and community in the Dominican Republic. Deutsche Bank was reported as an original partner in the development’s lift-off. After construction began, the developers of Cap Cana ran out of financing for the project due to the bankruptcy of Lehman Brothers, a major source of financial support for the project. In 2017, Eric Trump traveled to the Dominican Republic to possibly restart the project.

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  • Consistent #28915

    Consistent #28916

    EVERYDAY #28919

    I guess Deutsche Bank is the only bank willing to participate in Trump’s illegalities. Too bad because I’m going to bet that unless Deutsche cooperates with any investigations, it will be the one going down while Trump will skate.

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