September 10, 2018

NO ONE IS SAYING HE'S WRONG TO BE PARANOID:

The Urgent Question of Trump and Money Laundering: How Bruce Ohr, President Trump's latest Twitter target, fits a suspicious pattern of behavior on Russia. (David Leonhardt, 9/10/18, NY Times)

It just so happens that most of the once-obscure bureaucrats whom Trump has tried to discredit also are experts in some combination of Russia, organized crime and money laundering.

It's true of Andrew McCabe (the former deputy F.B.I. director whose firing Trump successfully lobbied for), Andrew Weissmann (the only official working for Robert Mueller whom Trump singles out publicly) and others.  [...]

Consider: The financially rickety Trump Organization, shunned by most mainstream banks, long relied on less scrupulous Russian investors. "Russians make up a pretty disproportionate cross-section of a lot of our assets," Donald Trump Jr. said a decade ago. "We have all the funding we need out of Russia," Eric Trump reportedly said in 2013. And what was the rare major bank to work with Trump? Deutsche Bank, which has a history of illegal Russian money laundering.

Trump also had a habit of selling real estate to Russians in all-cash deals. Money launderers like such deals, because they can turn illegally earned cash into a legitimate asset, usually at an inflated price that rewards the seller for the risk. One especially dubious deal was Trump's $95 million sale of a Palm Beach house to a Russian magnate in 2008 -- during the housing bust, only four years after Trump had bought the house for $41 million.

Then there is Trump's paranoia about scrutiny of his businesses. He has refused to release his tax returns. He said that Mueller's investigation would cross a red line by looking into his finances. When word leaked (incorrectly) that Mueller had subpoenaed Deutsche Bank's records on Trump, he moved to fire Mueller (only to be dissuaded by aides). Trump is certainly acting as if his business history contains damaging information.





Posted by at September 10, 2018 4:20 AM

  

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