Facing an investigation into his businesses, Donald Trumo has worked double-time to hide every bit of proof he can, all while insisting he’s innocent. It isn’t just him who faces real consequences, however. His children face them, too.
— Anne Applebaum (@anneapplebaum) November 19, 2021
If Trump’s real estate business seems a bit shady after four years of new information about Trump and his businesses, they should. They’re shady enough to have attracted some of the most wealthy criminals in the world, including kleptocrats and money launderers.
According to The Bulwark:
‘Trump’s properties in the United States alone may have laundered billions of dollars even before he ascended to the White House. According to the most comprehensive analysis available, Trump’s American properties sold over 1,300 units—over one-fifth of Trump’s total available condos—to buyers matching money-laundering profiles: anonymously, to shell companies and cash buyers, often purchased in bulk and without ever revealing the identities of the ultimate beneficiaries.’
“The Manhattan District Attorney's Office has retained forensic accounting specialists to aid its criminal investigation of Trump and his business operations including real estate transactions. Bank, tax and insurance fraud are areas of exploration” https://t.co/wNByUTC0KZ
— John Harwood (@JohnJHarwood) December 30, 2020
In the article that tells the story of Trump’s appeal to criminals, the story of Jean-Claude Duvalier, or Baby Doc, the former president of Haiti who needed a place to hide the money he was stealing from his own country. That dirty money that he hid in America went into Trump Tower, just as many others did.
‘It seems like every single one of Trump’s American properties happily feasted on the dirty money flowing into the United States over the past few decades. Take Trump Tower in New York, for instance. Baby Doc was hardly the only one who eyed the building as a potential personal laundromat. Nearly a quarter of the building’s total unit sales went to buyers who, like Baby Doc, fit the money-laundering profile. Total value of such sales: $30 million. Or pop over to the west side of Manhattan, where Trump erected the Trump International Hotel and Tower in 1996, one of his keystone properties, dominating Columbus Circle and Central Park’s southwest corner. Nearly 30 percent of that building’s unit sales went to buyers who fit money-laundering profiles. Total value of such sales: $135 million.’
After months of delays, President Trump’s son Eric was questioned under oath on Monday as part of a civil investigation by New York’s attorney general into whether the Trump family’s real estate company committed fraud.https://t.co/KzJQ2uBW0y
— The New York Times (@nytimes) October 6, 2020
Since it’s already been made clear that Trump is not that successful a businessman – several bankruptcies have proven that – but the money he claims to have had to have come from somewhere. While it’s well-known that he inherited a significant chunk of his money, it’s very possible that he’s also been getting it through illegal channels.
‘All of this was American kleptocracy in miniature—American kleptocracy in a single person, who eventually used the proceeds of these suspect sales to help build a war chest that would launch him to the presidency. And even if we still only know a handful of the details of all the kleptocrats—from places like Indonesia, Congo, Kazakhstan, Azerbaijan, and elsewhere—who connected with Trump properties, all of the details point to one, inescapable conclusion: Few Americans have profited as much from American kleptocracy, and from the dirty money linked directly to corrupt oligarchs and officials and mafiosi abroad, as the Trump family.’
"For any large financial fraud it's a team sport. Trump is a real estate guy but he's not a financial engineer… And what you often find in these prosecutions is that if you crack these service providers, you can crack the case." – @nickconfessore w/ @NicolleDWallace pic.twitter.com/d7A0ZAKLMS
— Deadline White House (@DeadlineWH) March 3, 2021