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NYT Deutsche Bank money-laundering bombshell will make ‘serious problems’ for president: Trump biographer

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The New York Times broke a story Sunday that revealed staff of Deutsche Bank were hired especially for their expertise of money-laundering.

The bank staff recommended that they contact federal investigators about possible criminal activity in the accounts of President Donald Trump and his senior aide and son-in-law Jared Kushner.

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“The transactions, some of which involved Mr. Trump’s now-defunct foundation, set off alerts in a computer system designed to detect illicit activity, according to five current and former bank employees,” the Times reported. “Compliance staff members who then reviewed the transactions prepared so-called suspicious activity reports that they believed should be sent to a unit of the Treasury Department that polices financial crimes.”

The bank rejected the recommendation, and it appears now it might spark another investigation, according to Trump biographer David Cay Johnston.

“We know for a fact that Donald Trump has been involved in money laundering in the past, fined for it,” Johnston said. “We know that Deutsche Bank is fined over $600 million just for laundering money for Russian oligarchs and are nondenial denials. The Trump Organization said we never heard of this. Why would you? It was locked up in the bank. The bank said we didn’t stop anyone. The story makes it clear.”

He noted that former Deutsche Bank employee Tammy McFadden pushed it up the chain of command, but then the career began to go badly after that.

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“So in addition, The Times has a pregnant line in it. It says that is there are other, ‘politically connected people’ who also were swept up,” Johnston said. “It’s clear that David Enrich, a very good reporter at The New York Times has seen these documents and other people whose money laundering suspicion of money laundering activities were also apparently quashed by the people at the private banking unit of Deutsche Bank in New York. This is for Donald Trump a really serious problem.”

Daily Beast reporter Betsy Woodruff also noted that this was quite a shock to those closely watching the Russia investigation. Most commentators found it strange that special counsel Robert Mueller didn’t know about this. She said that they “expected that Mueller would try to pull threads in terms of whether Trump had engaged in financial transactions or developed business relationships that could affect the way he thought about American foreign policy vis-a-vis Russia.”

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That’s one reason why Reps. Adam Schiff (D-CA) and Maxine Waters (D-CA) plan to focus on that part of the investigation to pull “additional threads,” she explained.

“What this story suggests and indicates is that there is more to the story of Trump’s relationship with Deutsche Bank than we already know, even given all the investigating that’s already happened,” Woodruff said.

Watch the panel below:

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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Florida teacher removed after bizarre rant about students not standing for the pledge

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Students were faced with a white-board rant in a classroom attacking anyone not standing up for the Pledge of Allegiance.

The moment went viral locally on Thursday after students posted Daniel Goodman‘s “inappropriate” message to students at First Coast High School in Duval County, Florida, The Atlanta Black Star reported.

“THINK: We had about a half million Americans die in our Civil War, which was largely to get rid of slavery. There are no longer separate water fountains and bathrooms in Jacksonville for ‘white’ and ‘colored,’ as Mr. Goodman remembers from the 1960?s. We had an amendment to the U.S. Constitution allowing women the right to vote. We have had a Black president. The superintendent of Duval Schools is a Black woman. Mr. Fluent, our principal, replaced a Black man. Mr. Simmons, who now is a DC PS admninistrator.”

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Angry Minnesota farmer bashes ‘insulting’ Trump comments that ‘we’re great patriots’ during his trade war

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President Donald Trump has insulted at least one Minnesota farmer by his claim that farmers are "great patriots" who want him to continue his trade fight against China.

"This wound is self-inflicted, by our president," said Gary Wertish, who is the Minnesota Farm Bureau president. "We definitely agreed with it in the beginning. But it doesn’t appear that there’s a plan B. Some of the callous comments come, especially from the president, you know, that farmers are 'winning,' we’re 'great patriots,' that’s very insulting. That’s coming from someone who never has faced the challenges of a family farmer. I go into the bank and tell the lender I can’t make the payment because we lost our market? The banker is going to tell me you don’t have to make your payment because you’re a patriot."

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MSNBC pundit nails Trump for only attacking Black voices on Fox News

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Democratic strategist Joel Payne called out President Donald Trump Sunday for his attacks on Fox News when he was leaving New Jersey.

Before Trump landed in Marine One at Morristown, New Jersey, he tweeted an attack on Juan Williams, the only Black pundit on the Fox News show "The Five."

https://twitter.com/realDonaldTrump/status/1163167660764532736

Trump briefly addressed Williams, before he told members of the press that he found it appalling Fox News hired a friend of Hillary Clinton's, whose name he couldn't even remember.

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