Wednesday, March 20, 2024

Trump got loans by inflating the alleged value of his assets from Deutsch Bank and purposely defaulted on them 


Deutsche Bank had also laundered money for the Russian oligarchs working for the FSB using front companies that would also purposely default on loans and keep the cash without any repercussions:


 

'A Deutsche Bank wealth management group managing director testified Tuesday that the bank anticipates that the net worth of high-wealth clients like Donald Trump can be elevated on self-reported financial statements, but it wouldn’t necessarily stop the bank from issuing the loan – and didn’t for Trump’s loans.'



- CNN November 28th, 2023



'Deutsche Bank was embroiled in a vast money-laundering operation, dubbed the Global Laundromat. Russian criminals with links to the Kremlin, the old KGB and its main successor, the FSB, used the scheme between 2010 and 2014 to move money into the western financial system. The cash involved could total $80bn, detectives believe.

Shell companies typically based in the UK “loaned” money to each other. Companies then defaulted on this large fictitious debt. Corrupt judges in Moldova authenticated the debt – with billions transferred to Moldova and the Baltics via a bank in Latvia.'



- The Guardian April 17th 2019
























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