Banks can hand Trump financial records to House Democrats, court rules

  
Via:  tessylo  •  one week ago  •  6 comments

By:   By Brendan Pierson

Banks can hand Trump financial records to House Democrats, court rules

S E E D E D   C O N T E N T



Politics

Banks can hand Trump financial records to House Democrats, court rules



973af590-e89a-11e6-b294-9bc8096ac008_reu   By Brendan Pierson, Reuters   44 minutes ago  






2593fdc4af413ec5f10adc37ec70941c President Donald Trump holds a campaign rally in Florida

By Brendan Pierson

NEW YORK (Reuters) - Deutsche Bank AG  

The ruling from the 2nd U.S. Circuit Court of Appeals in New York marked a significant setback for the Republican businessman-turned-president in his efforts to shield his finances from scrutiny.

In subpoenas issued in April, the House Financial Services Committee and the Intelligence Committee asked Deutsche Bank for records related to Trump, three of his children and the Trump Organization. Lawmakers have said the requests are part of a wider probe into money laundering and foreign influence over U.S. politics.

They were made months before House Democrats began an inquiry in September into whether there were grounds to impeach Trump over his request to Ukraine to investigate Democratic political rival Joe Biden.

Deutsche Bank has long been a principal lender for Trump's real estate business. A 2017 disclosure form showed that Trump had at least $130 million of liabilities to the bank.

Congressional investigators have already identified possible failures in Deutsche Bank's money laundering controls in its dealings with Russian oligarchs, people familiar with the matter have told Reuters.

The Financial Services Committee also subpoenaed Capital One in April, seeking records related to the Trump Organization's hotel business.

(Reporting By Brendan Pierson in New York; Editing by Chizu Nomiyama)



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Tessylo
1  seeder  Tessylo    one week ago
In subpoenas issued in April, the House Financial Services Committee and the Intelligence Committee asked Deutsche Bank for records related to Trump, three of his children and the Trump Organization. Lawmakers have said the requests are part of a wider probe into money laundering and foreign influence over U.S. politics.
 
 
 
Tessylo
2  seeder  Tessylo    one week ago
Deutsche Bank has long been a principal lender for Trump's real estate business. A 2017 disclosure form showed that Trump had at least $130 million of liabilities to the bank.

Congressional investigators have already identified possible failures in Deutsche Bank's money laundering controls in its dealings with Russian oligarchs, people familiar with the matter have told Reuters.

The Financial Services Committee also subpoenaed Capital One in April, seeking records related to the Trump Organization's hotel business.
 
 
 
Paula Bartholomew
3  Paula Bartholomew    one week ago

The chickens are coming home to roost.

 
 
 
MrFrost
4  MrFrost    one week ago

So...

Much...

WINNING...

.....

Once again, trump gets his ass kicked in the courts. 

 
 
 
Paula Bartholomew
4.1  Paula Bartholomew  replied to  MrFrost @4    one week ago

A practice that I hope continues at Club Fed.

 
 
 
Dismayed Patriot
5  Dismayed Patriot    one week ago

I've no doubt the Trump loyalists will soon claim every politician launders money for foreign governments and accepts their illicit help in national elections as this all gets exposed. They'll claim there's nothing abnormal even when they are faced with the facts because they are too invested, too chained to the Trumptanic so they have no choice but to spray and pray. I really can't imagine the kind of depraved mind it would require to justify all the slime that is Donald Trump.

 
 
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