NY Times: Deutsche Bank employees determined Trump was lying to them about his wealth

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DrDoug

DrDoug

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Jan 16, 2014
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Just a reminder: Bank fraud and falsifying business records are felonies in New York state, punishable with 8 to 25 year prison sentences! Now the story...

Hmmm, retired Supreme Court Justice Kennedy's son had a senior role in the real estate unit at Deutsche Bank? Verrrry interesting... That Felonious-D lied to get his loans is pretty much a given, he's a expert at lying. Forgery, not so much. The forged signature on the unapproved loan must have been too obvious. Kennedy's son might be in some trouble here. Maybe Kennedy was making a deal for a future pardon for his son when he gave his seat to the Tangelo Tyrant to fill.

Fucker_Afoot.jpg
 
DrDoug

DrDoug

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Jan 16, 2014
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This quote caught my eye...

Over the next few years, the commercial real estate group, with Mr. Kennedy now in a senior role, kept lending to Mr. Trump, including to buy the General Motors building in Manhattan. Occasionally, Justice Kennedy stopped by Deutsche Bank’s offices to say hello to the team, executives recalled.
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I didn't know that the financial crisis of 2008 was an act of God.

By 2008, the riverside skyscraper, one of the tallest in America, was mostly built. But with the economy sagging, Mr. Trump struggled to sell hundreds of condominium units. The bulk of the loan was due that November. Then the financial crisis hit, and Mr. Trump’s lawyers sensed an opportunity. A provision in the loan let Mr. Trump partially off the hook in the event of a “force majeure,” essentially an act of God, like a natural disaster. The former Federal Reserve chairman Alan Greenspan had called the financial crisis a tsunami. And what was a tsunami if not a natural disaster? One of Mr. Trump’s lawyers, Steven Schlesinger, told him the provision could be used against Deutsche Bank.

“It’s brilliant!” Mr. Schlesinger recalled Mr. Trump responding.
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Him borrowing the money from the bank later on only to use some of it to pay them back for this was a stroke of genius on his part...lol!
 
I

interchange

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Oct 10, 1999
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With that many defaults and... Seriously.... Suing the bank because he didn't want to pay them back... They didn't keep lending to him unknowingly. They knew he inflated his assets. I don't buy for a second that various folks failed to flag him properly. Clearly some folks were dead set on pushing every loan to him through knowing they were bad deals. There is more to this story somewhere.
 
Bitek

Bitek

Lifer
Aug 2, 2001
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Truly there is fuckery afoot.

There is no real justice if all these fraudsters get away with all these scams.

Just goes to show you, if you are going to commit crimes, go big as you can. Only the little people pay with jail time.
 
DrDoug

DrDoug

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Jan 16, 2014
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It's just the usual raw greed on the part of the bankers throwing money at the Tangerine Fuckface Nazi Rapeclown:

A federal agency had selected Mr. Trump to transform the Old Post Office Building in Washington into a luxury hotel. But his financial partner — the private equity firm Colony Capital, run by Thomas J. Barrack Jr. — pulled out. Mr. Trump needed nearly $200 million Because of his decades-long pattern of defaults and his increasingly polarizing political rhetoric — among other things, he had been spreading a lie about President Barack Obama being born overseas — Mr. Trump remained untouchable for most banks.

Ms. Vrablic was willing to help. In a memo outlining the rationale for the Old Post Office loan, Ms. Vrablic said Mr. Trump was expected to add large sums to his brokerage account if he received the loan, according to an executive who read the document. On a foggy Wednesday in February 2013, Ms. Vrablic and Mr. Jain went to Trump Tower to meet with Mr. Trump, according to two executives with knowledge of the meeting. Ms. Vrablic’s rapport with the client was immediately clear: Mr. Trump’s assistant greeted her as an old friend, and she seemed relaxed with Mr. Trump and his daughter, one executive said. They discussed Mr. Trump’s finances over lunch, and Mr. Jain said he was surprised by his low level of debt, the executives said. After lunch, Ms. Vrablic told her colleagues that Mr. Jain had sounded upbeat about Mr. Trump’s finances.

A $170 million loan to pay for the overhaul of the Old Post Office went through in 2015, and Mr. Trump added more money to his brokerage account. (In May 2016, he reported up to $46 million of stocks and bonds in the account.)
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They give him money and he makes them look good... until he doesn't. He really has the reverse Midas touch; everything he touches eventually turns to shit.
 
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UNCjigga

UNCjigga

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Dec 12, 2000
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Bump for a new story: Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts

Anti-money laundering specialists at Deutsche Bank recommended in 2016 and 2017 that multiple transactions involving legal entities controlled by Donald J. Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog.

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. 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.

But executives at Deutsche Bank, which has lent billions of dollars to the Trump and Kushner companies, rejected their employees’ advice. The reports were never filed with the government.

https://www.nytimes.com/2019/05/19/business/deutsche-bank-trump-kushner.html

—
Never ceases to amaze me how far the dumbest conman can go just by seeming to be rich and successful.
 
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dawp

dawp

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UNCjigga said:
Bump for a new story: Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts

Anti-money laundering specialists at Deutsche Bank recommended in 2016 and 2017 that multiple transactions involving legal entities controlled by Donald J. Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog.

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. 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.

But executives at Deutsche Bank, which has lent billions of dollars to the Trump and Kushner companies, rejected their employees’ advice. The reports were never filed with the government.

https://www.nytimes.com/2019/05/19/business/deutsche-bank-trump-kushner.html

—
Never ceases to amaze me how far the dumbest conman can go just by seeming to be rich and successful.
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I think this is so the bank wouldn't lose the money they already loaned to trump and if they had reported it they likely would have lost that money.
 
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nickqt

nickqt

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That Strongman Trump and Friends are overt money launderers has been pretty much known for years. Ties to the mafia, casinos, multiple bankruptcies, foreign loans, etc., etc.

No one should be surprised by any of it.
 
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zinfamous

zinfamous

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Jul 12, 2006
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dawp said:
I think this is so the bank wouldn't lose the money they already loaned to trump and if they had reported it they likely would have lost that money.
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this. they weren't gaga over Trump's "image." They knew exactly what they were doing all along.

Man, have to wonder how many execs at D Bank died of dysentery the night that Trump was elected, lol.
 
JEDIYoda

JEDIYoda

Lifer
Jul 13, 2005
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Deutsche Bank employees determined Trump was lying to them about his wealth --- No ,say it ain`t so??? Trump a liar.....what`s next? A cheat......
 
trenchfoot

trenchfoot

Lifer
Aug 5, 2000
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Yeah but Trump is one of the "good guys" see, so every bad thing he's done or been up to don't matter none at all.

Not.....At.....All......Period.....End of Story......"case closed"....."time to move on"......"totally exonerated"....."it's finally over".

LOL

The contrast between McConnell's wishful thinking and reality is getting farther and farther apart as the House Dems efforts at digging into Trump's dark and dirty business dealings with Putin and his oligarch lackeys are dispelling all the lies that have been spun up by the GOP dream works dept. that attempt to cover up Trump's hammer-'n-sickle branded ass, one after the other.
 
kage69

kage69

Lifer
Jul 17, 2003
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Wow. Someone might need a new set of Depends over this.

I still think syphilis dementia might be at play here.
 
Hayabusa Rider

Hayabusa Rider

Admin Emeritus & Elite Member
Jan 26, 2000
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fskimospy said:
If he didn't need money then why did he just take out a loan to purchase his sister's house?
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Trump pays for everything in cash so he didn't take out a loan from the bank and sue them so he didn't have to pay them? This is a laugh in a horror flick sense.
 
trenchfoot

trenchfoot

Lifer
Aug 5, 2000
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The more you corral Trump in a corner and close in on him the more silly he gets.

We ain't seen noth'in yet folks. Wait 'til he realizes that the light at the end of the tunnel is actually a search light he's looking at from behind his cell window's bars.

His major problem is he's not stupid enough to know that the jig is up for him the moment he leaves office, yet he IS stupid enough to ignore the fact that what got him to this stage of his miserable life are those many personality disorders of his that he thinks is what's kept him a step ahead of the law for all these years.

As we've all been witness to, his delusions of grandeur are only surpassed by his delusions that he is smarter than yer average genius.
 
zinfamous

zinfamous

No Lifer
Jul 12, 2006
111,947
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kage69 said:
Wow. Someone might need a new set of Depends over this.

I still think syphilis dementia might be at play here.
Click to expand...

with Reagan and now Trump, I think that every conservative of the last 40 or so years should be tried for elderly abuse.
 
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