Rep. Adam Schiff (D-CA) plans to investigate Deutsche Bank because they have a history of Russian money laundering and were the only bank that would do business with Trump.
Rep. Schiff said on NBC’s Meet The Press, “Well, the concern about Deutsche Bank is that they have a history of laundering Russian money. They paid hundreds of millions of dollars in fines to the state of New York because they were laundering Russian money, and this apparently was the one bank that was willing to do business with the Trump Organization. Now, is that a coincidence? What are we to make of what the president’s sons said about not needing to deal with US banks because they got all of the cash they needed from Russia or a disproportionate share of their assets coming from Russia. If this is a form of compromise, it needs to be exposed.
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In other words, Adam Schiff is about to follow the money and get to the heart of the source of the Trump Organization’s cash. There was an obvious reason why Trump has refused to release his tax returns. The reason is that the tax returns would give investigators leads on illegal activity. It is more than Trump being connected to Russia.
The odds are, given the public bragging from Trump’s sons, that the family business stayed afloat by illegally helping Russians evade US sanctions by laundering money for them.
The Trump family scams are very basic. These people are not criminal masterminds.
No other bank would loan Trump money, but a bank that has laundered money for the Russians would. It doesn’t take a forensic accountant to see what was likely happening.
At the heart of every Trump scandal is money, and by exposing the truth, Rep. Schiff could shut down Trump and his criminal enterprise for good.
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Jason is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.
Awards and Professional Memberships
Member of the Society of Professional Journalists and The American Political Science Association
