Did Deutsche Bank Sweep Possible Money Laundering by Trump Under the Rug?

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Donald Trump speaks to the media during a meeting in the Oval Office on May 13.

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Last month, the New York Times reported that anti-money-laundering specialists at Deutsche Bank had flagged “suspicious activity” on the accounts of both Donald Trump and Jared Kushner in 2016 and 2017, advising that they be reported to a financial-crimes regulator—only to be told by higher-ups that their concerns were unfounded and to stop being so “negative.” And you’ll never believe it, but some people think that warrants further investigation!

In a letter sent to the Federal Reserve on Thursday, seven Democratic senators demanded that Fed chair Jerome Powell and John Williams, the president of the Federal Reserve Bank of New York, examine the transactions and whether Deutsche Bank complied with the law after employees raised the alarm. “Only by conducting a thorough review of the full range of this activity can we better understand what happened in these cases; what practices, procedures, or personnel may need to be changed at the bank; and what regulators should do to ensure the Federal Reserve’s ability effectively to monitor compliance with anti-money-laundering laws,” wrote Senator Chris Van Hollen. “This is a test of the Fed’s independence,” he added in an interview with the Times. “It would be gross negligence if they weren’t investigating.” Other Democrats who signed the letter include Elizabeth Warren and Sherrod Brown.

According to the Times, just after Trump was elected president, transactions involving the Trump Organization were reviewed by the anti-financial-crimes Special Investigations Unit, resulting in multiple suspicious activity reports “involving different entities that Mr. Trump owned or controlled, according to three former Deutsche Bank employees who saw the reports in an internal computer system.” Yet the bank executives chose not to file the reports with the Treasury Department, despite the fact that three former employees said it was “unusual for the bank to reject a series of reports involving the same high-profile client.“ A similar situation occurred the year prior, wherein the company’s software flagged “a series of transactions” involving the real estate company of [Jared] Kushner,” which were then reviewed by longtime anti-money-laundering specialist Tammy McFadden, who found that “money had moved from Kushner Companies to Russian individuals.”

McFadden concluded that the suspicious transactions needed to be reported to the government and drafted a “suspicious activity report,” along with a number of documents supporting her decision. Then, strangely, the case went not to an unbiased group of anti-money-laundering experts but instead to the private-banking division, where managers had a relationship with Kushner. From there, the executives reportedly decided McFadden’s worries were “unfounded” and decided not to submit her report to the government, a decision she and her colleagues believe was made “to maintain the private-banking division’s strong relationship with Mr. Kushner.”

Last year, months after she started raising concerns about how the German lender was scrutinizing—or in this case, not scrutinizing—the accounts of high-profile customers, McFadden was fired. (Deutsche Bank says she wasn’t processing enough accounts, but McFadden says her supervisors cut the number of transactions she was assigned to review after she started asking questions, and both she and two former managers believe her firing was retaliatory.)

Deutsche Bank has been condemned by the Fed multiple times since the early 2000s over issues ranging from poor risk management to “sloppy financial accounting.” In May 2017 the central bank fined Deutsche $41 million and demanded it strengthen its money-laundering systems which had, among other things, reportedly processed billions of dollars in illicit transactions involving wealthy Russians.

Last month, much to Trump’s dismay, a judge ruled against the president’s attempt to block Deutsche Bank and Capitol One from turning over records about the Trump family and its businesses to the House Financial Services and Intelligence committees (the case will now go to an appeals court.) So today’s news is unlikely to boost his mood!

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On Iran, Putin has a price. Can the U.S. and Israel pay it? | Opinion – Haaretz

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On Iran, Putin has a price. Can the U.S. and Israel pay it? | Opinion  Haaretz

The first ever trilateral meeting between U.S., Russian and Israeli national security advisers could be a gamechanger on pushing Iran’s military out of Syria.


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On Iran, Putin has a price. Can the U.S. and Israel pay it? | Opinion – Haaretz

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On Iran, Putin has a price. Can the U.S. and Israel pay it? | Opinion  Haaretz

The first ever trilateral meeting between U.S., Russian and Israeli national security advisers could be a gamechanger on pushing Iran’s military out of Syria.


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mikenov on Twitter: ‘These boys were on a holiday’: Trump family members promote themselves, and businesses, on European trip (Politics) michael_novakhov.newsblur.com/story/these-bo… pic.twitter.com/IQKKH7XLft

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‘These boys were on a holiday’: Trump family members promote themselves, and businesses, on European trip (Politics) michael_novakhov.newsblur.com/story/these-bo… pic.twitter.com/IQKKH7XLft



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‘These boys were on a holiday’: Trump family members promote themselves, and businesses, on European trip

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from Politics.

The president’s four adult children tagged along during events in London, Normandy and Doonbeg, Ireland, raising questions of impropriety and costs for taxpayers.


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mikenov on Twitter: mikenov on Twitter: 5:48 AM 6/6/2019 – #You’re Under #Arrest: #How The #PoliceState #Muzzles Our #RightToSpeak fbireform.com/2019/06/06/548… #Attention: #FBI #Police #CivilRights #UnlawfulArrest #UnlawfulArrests… (Trump and Trumpism…) michael_novakhov.newsblur.com/story/mikenov-… pic.twitter.com/T8ExjOTGuj

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mikenov on Twitter: 5:48 AM 6/6/2019 – #You’re Under #Arrest: #How The #PoliceState #Muzzles Our #RightToSpeak

fbireform.com/2019/06/06/548

#Attention:

#FBI #Police #CivilRights #UnlawfulArrest #UnlawfulArrests… (Trump and Trumpism…) michael_novakhov.newsblur.com/story/mikenov-… pic.twitter.com/T8ExjOTGuj



Posted by

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on Thursday, June 6th, 2019 10:26pm

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mikenov on Twitter: mikenov on Twitter: 5:21 AM 6/6/2019 – “The White House hasn’t really offered an explanation”… | M.N.: I do: “#TheTouristInChief”. (The Global…) michael_novakhov.newsblur.com/story/521-am-6…… (Trump and Trumpism…) michael_novakhov.newsblur.com/story/mikenov-… pic.twitter.com/xhY3K331G5

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mikenov on Twitter: 5:21 AM 6/6/2019 – “The White House hasn’t really offered an explanation”… | M.N.: I do: “#TheTouristInChief”. (The Global…) michael_novakhov.newsblur.com/story/521-am-6…… (Trump and Trumpism…) michael_novakhov.newsblur.com/story/mikenov-… pic.twitter.com/xhY3K331G5



Posted by

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on Thursday, June 6th, 2019 10:23pm

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Key West Mural, James Van Der Beek, Tig Notaro, Transparent, Dolly Parton, Bayer, Anderson Cooper: HOT LINKS

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SPIRIT OF STONEWALL. Artist Lisa Marie Thalhammer’s mural commemorates the 50th anniversary of the Stonewall riots outside Aqua Bar and Nightclub in Key West, Florida. The mural was created for the city’s Pride celebrations which run through June 9. Photo: Rob O’Neal/Florida Keys News Bureau.

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DOLLY PARTON. Her unorthodox skin care tips. “You never know if you’re going to wreck the bus, you never know if you’re going to be somewhere in a hotel and there’s going to be a fire….”

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UNDER A ROCK. Tig Notaro tries to guess who James Van Der Beek is.

THIRSTY THURSDAY. Ãingeru Vilabrillë.

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Of to? #tbt

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The post Key West Mural, James Van Der Beek, Tig Notaro, Transparent, Dolly Parton, Bayer, Anderson Cooper: HOT LINKS appeared first on Towleroad Gay News.


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mikenov on Twitter: RT @FredRichmanFan: if they force Robert Mueller to testify in public to Congress, it might seem familiar to this “DON’T YOU HAVE ANY SHAME…

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if they force Robert Mueller to testify in public to Congress, it might seem familiar to this “DON’T YOU HAVE ANY SHAME?” #RussiaGate #RedScare youtube.com/watch?v=oNySP0…


Posted by

FredRichmanFan
on Thursday, May 30th, 2019 8:39pm
Retweeted by

mikenov
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1 retweet

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mikenov on Twitter: RT @WesleyMcCraw: @spikepoint You mean Plinko, but I’m imagining Pinko and it is a very different game. #redscare pic.twitter.com/MZhGrFHCNI

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@spikepoint You mean Plinko, but I’m imagining Pinko and it is a very different game. #redscare pic.twitter.com/MZhGrFHCNI



Posted by

WesleyMcCraw
on Friday, May 31st, 2019 5:20pm
Retweeted by

mikenov
on Thursday, June 6th, 2019 8:38pm

2 likes, 1 retweet

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Australian Rugby Superstar Seeks $10 Million in Damages Over Firing for Homophobic Remarks

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Australian rugby superstar Israel Folau, who last month had his contract officially terminated by Rugby Australia for anti-LGBTQ remarks including that Hell awaits homosexuals, is suing Rugby Autralia for $10 million.

The Sydney Morning Herald reports: “According to documents filed with the Commission, he is seeking a ruling that RA’s actions were unlawful and at least $5 million in lost income if the case is heard in the Federal Court. He will also seek to have included in the bill the monetary value of lost opportunities, which could blow the claim out to $10 million, a source close to Folau’s team said.”

In April, Rugby Australia said it was terminating Folau’s contract after the player posted a meme to Instagram that said Hell awaits all homosexuals. Folau challenged the firing and the “code of conduct” panel was assembled.

View this post on Instagram

Those that are living in Sin will end up in Hell unless you repent. Jesus Christ loves you and is giving you time to turn away from your sin and come to him. _______________ Now the works of the flesh are manifest, which are these , adultery, fornication, uncleanness, lasciviousness, idolatry, witchcraft, hatred, variance, emulations, wrath, strife, seditions, heresies, envyings, murders, drunkenness, revelings, and such like: of the which I tell you before, as I have also told you in time past, that they which do such things shall not inherit the kingdom of God.
Galatians 5:19‭-‬21 KJV _______________ Then Peter said unto them, Repent, and be baptized every one of you in the name of Jesus Christ for the remission of sins, and ye shall receive the gift of the Holy Ghost.
Acts 2:38 KJV _______________ And the times of this ignorance God winked at; but now commandeth all men every where to repent:
Acts 17:30 KJV _______________

A post shared by Israel Folau (@izzyfolau) on

Said Rugby Australia at the time: “Rugby Australia and the New South Wales Rugby Union have made repeated attempts to contact Israel both directly and via his representatives since 6.30pm on Wednesday, and at this point he has failed to communicate directly with either organisation. Whilst Israel is entitled to his religious beliefs, the way in which he has expressed these beliefs is inconsistent with the values of the sport. We want to make it clear that he does not speak for the game with his recent social media posts.”

You may recall that Folau was nearly expelled from the sport in 2018 after a series of similar homophobic actions.

Folau, a devout Christian raised as a Mormon who converted to the Assemblies of God fellowship with his family in 2011, made headlines in September 2017 during Australia’s debate over same-sex marriage, when he tweeted, “I love and respect all people for who they are and their opinions. but personally, I will not support gay marriage.”

One year ago in April 2018, Folau replied to a follower in an Instagram post who asked, “what was gods plan for gay people?”

In the comments section of the post, Folau, who plays for New South Wales Waratahs, replied, “HELL.. Unless they repent of their sins and turn to God.”

Rugby Australia and the New South Wales Waratahs, for which Folau plays, said they would seek an explanation from Folau and denounced the player.

Rugby Australia declined to punish Folau, though its inclusion policy states: “Rugby has and must continue to be a sport where players, officials, volunteers, supporters and administrators have the right and freedom to participate regardless of gender, sexual orientation, race or religion and without fear of exclusion. There is no place for homophobia or any form of discrimination in our game and our actions and words both on and off the field must reflect this.”

Then, one month after coming under scrutiny, Folau tweeted an anti-gay video.

The video featured a sermon by evangelical preacher David Wilkerson and footage of a Pride march where Christian street preachers were being protested, and a clip of the White House lit in rainbow colors against narration that said, “Now is the time to get right with God because this generation has lost the fear of God. There’s no fear of God left in the land.”

Folau also said he’d rather walk away from rugby than defy the Bible.

The post Australian Rugby Superstar Seeks $10 Million in Damages Over Firing for Homophobic Remarks appeared first on Towleroad Gay News.


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