Sunday, December 8, 2019

Trump and Money Laundering

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Why the Trump Flip-Flop?

Before he became president, Trump and his children bragged about their Russian connections and all the money they had "pouring" in from Russian sources. But how much of the money was being laundered? How much of it came from highly questionable sources: the Russian Mafia, mobsters, oligarchs, perhaps even the Kremlin in order to compromise the recipients? After Trump and his companies defaulted on around $1 billion in debt, American banks and Wall Street refused to lend to Trump. 


Did Russians step in to fill the void? If so, what did they demand in return? How much "leverage" did they have to get Trump to do their bidding?  But what we do know is that Trump has completely changed his tune about his extensive business dealings in Russia. He now insists: "I HAVE NOTHING TO DO WITH RUSSIA — NO DEALS, NO LOANS, NO NOTHING!"

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