Quantcast
Connect with us

Haitian government claims ousted dictator ‘Baby Doc’ Duvalier laundered stolen money through Trump Tower

Published

on

President Donald Trump insulted Haiti during an Oval Office meeting with lawmakers, but he once signed off on a shady real estate deal with the nation’s ousted dictator.

More than a fifth of Trump’s condominiums in the U.S. have been purchased since the 1980s in secretive cash transactions that fit a Treasury Department definition of suspicious transactions, reported Buzzfeed News.

ADVERTISEMENT

Records show more than 1,300 Trump condos were purchased through shell companies, which allow buyers to shield their finances and identities, and without a mortgage, which protects buyers from lender inquiries.

Those two characteristics raise alarms about possible money laundering, according to statements issued in recent months by the Department of Treasury, which has investigated transactions just like those all over the country.

The agency may even require real estate professionals to adopt new programs to keep illegally obtained funds from being plowed into luxury housing to conceal the money’s origins.

Trump companies reportedly sold $35 million in real estate last year alone — mostly to secretive shell companies that open the president up to possible influence peddling.

According to the Buzzfeed News report, the Haitian government complained in the 1980s that former dictator Jean-Claude Duvalier laundered money stolen from the Caribbean nation’s treasury by purchasing an apartment in Trump Tower.

ADVERTISEMENT

Duvalier, nicknamed “Baby Doc,” was overthrown in 1986, but three years earlier used a Panamanian shell company called Lasa Trade and Finance to buy apartment 54-K in Trump’s Manhattan tower for $446,875 cash.

Trump, the future U.S. president, signed the deed of sale.

Federal prosecutors charged a Russian native in 1984 with laundering the proceeds from a gasoline bootlegging operation through five Trump Tower condos purchased for $4.9 million.

ADVERTISEMENT

David Bogatin pleaded guilty in 1987 and served eight years in federal prison.

Trump Taj Mahal casino was charged under anti-money laundering regulations 106 times in 1990 and 1991 by failing to identify gamblers who bought or cashed out more than $10,000 in chips.

ADVERTISEMENT

Those reports are required to help authorities identify gamblers who may be laundering money, and Trump’s casino paid a $477,000 fine to the Treasury Department in 1998 without admitting wrongdoing.


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Trump’s attacks on Biden’s mental fitness just draw attention to his own problems: Joy Reid panel

Published

on

MSNBC host Joy Reid gave some helpful advice to President Donald Trump and his children, who frequently attack former Vice President Joe Biden for his mental health: It makes you look worse.

Speaking to her closing Wednesday panel with Jason Johnson and Howard Fineman, Reid showed a super-cut of Trump's knack for getting words wrong, not knowing how to pronounce simple things, slurring his words, stumbling down the stairs, not knowing where to go, dragging his feet and more.

"Well, you know, my pretext for all my students this fall will be: person, woman, man, camera, tv, and if they can do that, I know they're at least as smart as the president," joked Johnson. "Here's the thing. Joe Biden demonstrated that he literally can ride a bike and do something else at the same time. Like, I have always thought the argument that Joe Biden has lost a step or has some sort of mental deficiency was a complete lie. It's Republicans just projecting. What's important to remember is that no matter how much they spout this nonsense, every single time Donald Trump opens his mouth, he looks worse. There is nothing Joe Biden can say that is more foolish or incoherent than Donald Trump in the middle of a substantive interview."

Continue Reading

Breaking Banner

Here’s how Trump’s ‘nasty’ jab at Kamala reveals his misunderstanding of women

Published

on

President Donald Trump has reprised one of his most common attacks on women — "nasty" — to describe Joe Biden's running mate, Sen. Kamala Harris (D-CA).

On Wednesday, writing for The New York Times, Katie Rogers broke down how the president's continual attacks on women in politics — combined with his characterization of women voters — reveals a fundamental misunderstanding of modern gender norms.

Continue Reading
 

Breaking Banner

Congresswoman criticizes Republican press guy for claim Black folks don’t care about Kamala Harris: Does he know any?

Published

on

Rep. Karen Bass (D-CA) hilariously mocked former press secretary Ari Fleischer, who worked for former President George W. Bush's White House. Fleischer claimed Black people won't be that excited about Sen. Kamala Harris on the ticket.

"She's just not that historically exciting to African-Americans," said Fleischer speaking to Laura Ingraham during a Fox News appearance after the announcement.

During a conversation with MSNBC's Joy Reid, the host called Fleischer "a sort of a bygone era Republican voice" and asked Bass to listen to his comments.

"I wonder how many African-Americans," asked Bass, chuckling.

Continue Reading
 
 
You need honest news coverage. Help us deliver it. Join Raw Story Investigates for $1. Go ad-free.
close-image