Wednesday, June 28, 2017

Trump’s links to Russian money laundering raise new questions about secret real estate deals since election

Trump’s links to Russian money laundering raise new questions about secret real estate deals since election

"The Bloomberg report, written by Trump biographer Tim O’Brien, takes a deep dive into the president’s business relationship with Felix Sater, a mob informant and felon with possible links to Russian intelligence, and real estate firm Bayrock Group. Bayrock, which operated out of Trump Tower but is now dormant, funded Trump real estate projects by funneling foreign investment through an Icelandic bank called the FL Group, which investigators suspect laundered dirty money from Russia and elsewhere. Trump himself appeared to care little where the money came from, or about Sater’s seemingly obvious ties to Mafia figures in the U.S. and Russia, according to the Bloomberg report. Sater conducted much of his Bayrock business with Trump’s two eldest children, Donald Jr. and Ivanka, during a series of deals between 2002 and 2011, including the troubled Trump Soho hotel and condominium."