No Russian Sex Tapes Just
Tons of Laundered Money
(Fed Crime: Public
Law 99-570 (1986)
Russian Dirt on Trump –
Apparently Not Sexual – detailed story here dated September 1, 2018 in this historical
reference report from
Daily Kos and others. So, apparently
Russia not only had “Dirt on Clinton” (that Trump Jr. wanted), but also dirt on
“The Donald” too.
What barrel does Putin have
Trump over? Most people would jump to some incriminating photographic proof
of another “Trump Sexcapade in Moscow.”
While that is possible, probably
even likely given Trump’s track record in that arena, e.g., Stormy Daniels and
Karen McDougal – whom he paid sex-relate hush money to, that aspect does not seem
like it’s something he would lose a lot of sleep over since it goes with the
Trump territory.
However, the incriminating
evidence that Putin has on or over Trump’s head, is a bit more mercurial in
nature. As a reporter (Jeff Horwitz) on the Maddow Show noted tonight, Trump’s condos sales were one of only 2
corporations in New York that made a practice of selling their wares to “Shell Companies.”
As it turns out this is a
hallmark of Money Launderers. Conducting business using all cash transactions
by opaque Shell Companies (LLC), makes it very difficult for the
authorities and regulators to track what’s going on, legally, and it makes it
very easy for the criminally-minded to get away with their scams.
TRUMP SOLD $1.5 BILLION OF CONDOS TO POTENTIAL MONEY LAUNDERERS THANKS TO THIS GAPING
LOOPHOLE
By Max de Haldevang — January 12, 2018
Donald Trump’s love of
secretive shell companies has been well documented. He makes extensive
use of them for his own businesses and since his election 70% of
his company’s property sales have been made to limited-liability
corporations (LLC), according to USA Today.
In an extensive
Buzz Feed roundup of all the real-estate sales Trump has made since
the 1980s, they found that more than 1,300 condos worth around $1.5
billion either owned or licensed by Trump were bought by shell
companies in all-cash transactions. That’s 21% of the Trump Organization’s
condo sales in the U.S.
WHY THIS IS A PROBLEM: The Treasury Department’s financial
crimes unit says (pdf) shell companies and cash purchases are two
of the most common ways of laundering money through real estate. Buying with
cash lets criminals bypass anti-money laundering reviews that banks have to
make when approving mortgages. Meanwhile, shell companies can provide an
extraordinary level of secrecy, making it impossible for even the seller to
know who they’re making a deal with.
[...]
Related is all this is this
21-page (.pdf) memo with over 104 references and citations that was sent to
Rep. Jackie Speier (D-CA), dated: January 9, 2018. The subject: “The Trump Organization – A Racketeering
Enterprise?”
Finally, here is a short video (3:30 minute) explanation of Trump’s “laundry
mat” from the Washington Post coverage from February 22, 2019:
“Art of Don”
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My 2 cents: Hope you enjoyed this look back in the history file. Will
any of this matter? Time will tell, so stay tuned and keep in mind how Trump covers
his tracks.
Thanks for stopping by.
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