Comments by "" (@DavidJ222) on "Acosta: Trump telling whoppers about mail in voting" video.
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Deutsche Bank has launched an internal investigation into the longtime personal banker for Trump and Jared Kushner. The bank is looking into Rosemary Vrablic to determine if she had acted improperly when she and two colleagues bought an apartment for about $1.5 million in 2013 from Bergel 715 Associates.
In a financial disclosure report, Kushner and Ivanka said they had received $1 million to $5 million from Bergel 715 in 2019. The couple had not previously reported having an ownership stake in the company.
Kushner and Trump were clients of Vrablic at the time of the 2013 sale and had received about $190 million in loans from Deutsche Bank. Both were also granted hundreds of millions of dollars after that point, according to the Times. Banks usually prohibit employees from conducting personal business with clients out of concerns of conflicts of interest.
Even before Trump became president, his relationship with Deutsche Bank fell under scrutiny because of his TREMENDOUS debts to the bank, which at the time was being fined by US regulators over its provision of toxic mortgages that played a role in the 2008 housing crash. There were concerns that if elected, Trump could intervene in the Deutsche Bank case with a view to protecting his own companies.
One of the bank’s more troubling activities was laundering billions of Russian rubles (via sham transactions known as “mirror trades”) into U.S. dollars. Then there was client Trump. The smooth persuasions, the obsequious flatteries, the lying about his net worth to garner loans for office buildings, resorts, casinos. Just how disconnected and delusional the bank became can be seen in its ongoing relationship with Trump, whose multiple bankruptcies had made him a pariah in the banking world.
When Deutsche’s real estate team cut off Trump, private banking opened the spigot. When a loan came due, Trump had NO INTENTIONS of repaying, as if the rules for him were different. Deutsche’s brass was so in-thrall to Trump’s fake celebrity, and so eager to expand in America, one division lent $48 million to cancel the debt on a Chicago skyscraper — a debt Trump had defaulted on with another wing of the same bank. But the private banking division, which catered to the rich and famous, arranged the loan anyway — and then, when Trump stopped making payments, arranged another loan for Trump. 😲
Deutsche Bank bought Trump's con the same way American voters would. In what could serve as a requiem for the country’s lost innocence, the general counsel at Deutsche said, “What the he// are we doing lending money to a guy like this?” 😂
In the summer of 2016, Kushner’s real estate company (which received lavish financing from Deutsche) was moving money to various Russians. A bank compliance officer filed a “suspicious activity report,” but the report was quashed and she was fired. The suggestion is that maybe the money was payback for Russian campaign meddling. Management at Deutsche tended to look the other way when employees broke the rules, even when they did business with dictators like Putin and their friends.
Trump and Jared's relationship with the bank became a subject to the Mueller investigation. The special counsel specifically focused on a $285m loan that Deutsche Bank granted Kushner’s company only a month before Trump was elected – and just as the bank was settling with state prosecutors over charges it had aided in a Russian money-laundering scheme.
Today, the bank is fighting off subpoenas for Trump’s financial records, in particular his tax returns. Trump sued to prevent his records from being turned over, but the Supreme Court ultimately ruled 7-2 that presidents are not immune from criminal investigation.
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