Posted on November 10 2018
As previously discussed a few days ago, found here I attempted to establish a baseline of what we, the American people could expect in January 2019. For the purposes of this entry I’m going to focus strictly on the time period of May 2017 to Present. Specifically the numerous letters and other legislative actions taken by the Ranking Member Rep Maxine Waters and her fellow Democrats in the House.
With one slight preemptive deviation from the aforementioned time frame, I realized that I had overlooked the November 22, 2016 notices Rep Waters, along with her colleagues
💰ALWAYS FOLLOW THE MONEY 💰
November 22, 2016 letter to OIGs:
In my opinion this November 22, 2016 letter should be the baseline and it should be carefully scrutinized. At issue is Trump’s refusal to release his tax returns, absent his actual Tax Returns, “we the people” have zero idea what (if any) conflicts of interest Trump has. His tired feigned excuse that his “taxes” are under audit is just another blatant Trump lie. Trump never planned to release his tax returns because I am fairly certain he doesn’t want the American people to know the REAL financial entanglements and other untoward “business” deals. Every time he was asked especially during the campaign, Trump pivoted to “I’m under audit”, personally I never understood why the vast majority of the Mainstream Media let him get away with this overt subterfuge, for example this 2016 Republican Debate:
Which is why I found this November 1, 2017 press conference stunningly hysterical, particularly since Trump invoked Michael Cohen but in true Trump-Narcissist fashion, his “new” rationale is “I won” so I’m not releasing my tax returns. Perhaps I’m in the minority but I certainly want to know if the President of the United States of America is financially compromised, if he is beholden to someone or something other than our Laws and Constitution. It is inconceivable to me that Donald Trump thinks he can get away with this bull___.
Moreover given Trump’s vast and intentionally complex network of hundreds (if not thousands) of shell and shelf companies. One datapoint is an absolute truth; every single one of these entities, has one common purpose: money flows to Trump’s over padded pockets. We the American people have no idea if Trump or his copious companies are laundering money (more on that later) but based on open source reporting, it’s clear that Donald Trump is hiding something and he doesn’t want the American people to know.
Because @LincolnsBible @ericgarland doesn’t this look totally normal from a corporate hierarchy stand point?— SpicyFiles (@SpicyFiles) July 27, 2018
Sure if you’re a mobster it’s totes normal
Now back to the importance of the November 22, 2016 letter, off the top you will notice that this letter was sent to the Office of Inspector General for the following Federal Agencies: HUD, DOJ, Treasury, FDIC, FHFA, NCUA, SEC, The Fed.
On page two of the letter, Rep Waters takes great care to aggregate the publicly known “loans and/or line of credits” that Donald Trump has with Deutsche Bank:
...ongoing relationship with Deutsche Bank. Trump has turned to Deutsche repeatedly to finance his real estate investments. Deutsche has been the only major Wall Street bank to continue to lend to Donald Trump and his entities in the wake of six Trump-business bankruptcies. Over the past two decades, Deutsche has been a lender or co-lender in at least $2.5 billion in loans to Donald Trump or his companies. The businesses within Trump’s network currently owe Deutsche Bank nearly $360 million in outstanding principal, including $125 million for his Florida golf course, Trump National Doral; up to $69 million for his Chicago high-rise, Trump International Hotel and Tower; and a $170 million line of credit used to fund the development of his new hotel in Washington, DC, the Trump International Hotel in Washington.
The Democrat Lawmakers go on to voice concern and an unprecedented request that the OIGs of the respective Federal Agencies take proactive measures & place controls/processes to identify any conflict of interest. Most notably the Democrat minority sounded the ethical & corruption alarm months before most Americans had any idea that the Trump Administration would in fact be one of, if not THE most corrupt Presidential Administrations in modern history, given Donald Trump never created a “blind trust” in yet another obvious
President-elect Trump’s questionable ethical principles may influence who he appoints to lead our federal agencies and, ultimately, influence the culture within these federal agencies. As a result, the work that you perform will become especially integral to upholding the ethical standards of the Executive branch. In light of these unprecedented circumstances, we ask that you take immediate and proactive steps to ensure that any new political appointees at your respective agencies are held to the highest possible ethical standards and that you commit to diligently and constantly monitoring the actions of such appointees and mitigating conflicts of interest when they inevitably arise
Now back to 2017 after Trump took the oath (see my previous “take care” entry) on January 20, 2017 that man (and likely Russian Asset) put his hand on a bible (I’m actually surprise the Bible or Trump didn’t burst in to flames) he swore to “shall take care that the Laws be faithfully executed” can any of you truthfully assert that Donald Trump has upheld his oath? I’d argue HELL NO. The man truly believes he’s above our laws and our Constitution. It’s ridiculous to think Donald Trump is ethical. He’s a proven con-man and has spent his entire adult life perpetrating fraud and frankly I do not understand why he is still in office.
I know this doesn’t sound rational but I will in fact relish the day that this compromised vulgar morally bereft UnAmerican President is indicted and is sitting behind bars awaiting his criminal trial. Donald Trump and the Trump Family name, if there’s any justice or karma will be synonymous with: crook, pathological liar, the most unqualified, temperamentally unfit, unhinged lunatic that was “installed” as a “so-called” President. In fact his so called presidency has been a shit-hole of a never ending train wreck. That dolt and the stunning incompetence of the White House Staffers they literally careen from one scandal after another. It is exhausting. All of it.
May 2017 letter to Deutsche Bank CEO
This May 2017 letter to Deutsche Bank’s CEO, Mr. John Cryan was in fact a figurative shot across the bow. Meaning Rep Waters’ letter not only memorialized concerns but served as an official notice while simultaneously educating average American citizens of potential conflict of interest our “so called” President, his son-in-law, his daughter and his wife all may have as long as they are residing in our house. Good government means transparency and access to information.
Deutsche Bank also reportedly conducted an internal review of the personal accounts of President Trump and his family members, several of whom serve as official advisors to the President. Press reports citing unnamed sources indicate that this review was done to determine if loans made to him were backed by guarantees from the Russian Government, or were in any way connected to Russia, as they were made in “highly unusual circumstances.”
However, on pages 3 and 4 of the May 2017 letter present new-ish and interesting data. Specifically the Russian Money Laundering and item 3) d) which reads in part:
Deutsche Bank’s pattern of involvement in money laundering schemes with primarily Russian participation, its unconventional relationship with the President, and its repeated violations of U.S. banking laws, all raise serious questions about whether the Bank’s reported reviews of the trading scheme and Trump’s financial ties to Russia were completely thorough,
All due diligence conducted by the Bank required by the Bank Secrecy Act regarding Trump's potential ties to senior Russian political leaders, oligarchs, and organized crime leaders, as well as potential violations of U.S. sanctions and anti-bribery statutes.
It has never made ANY sense to me how or why Trump voters constantly overlook the FACT that in March of 2015 just a mere three months before Donald J Trump rode the escalator down his gawdy/tacky (yes sadly I’ll admit I’ve been to Trump Tower NYC, the building is hideous, tacky and it smells like chemical lemons) of Trump Tower to formally announce his “candidacy” FINCEN had levied a $10,000,000.00 civil fine against Trump’s casino.
Deutsche Bank’s June 8, 2017 Response:
I should point out that Deutsche Bank retains Akins Group, yes that law firms name should ring a loud bell given their former client was Paul Manafort (trust me just google SpicyFiles Akin Group, Melissa, FARA Manafort )
To Deutsche Bank’s (DB) credit they did in fact publish their June 8, 2017 letter in response to the Congressional letter, you can read DB’s here.
..our client, Deutsche Bank AG (the “Bank”), regarding its reported banking relationship with the President of the United States and his family, as well as publicly reported allegations concerning certain equity trading in the Bank’s London and Moscow offices. Your letter requests certain non-public information from the Bank with respect to these matters.
Federal law requires that financial institutions such as Deutsche Bank maintain the privacy of their customers and the confidentiality of information relating to those customers. This is true even if the individual is a government official or well-known person, and even in circumstances where the individual has made some disclosure regarding their relationship with their banking institution, such as by recording a mortgage, filing a personal financial disclosure form or making public comments. Such actions do not relieve the financial institution of its obligations to maintain the confidentiality of any non-public information.
Democrats June 21, 2017 Letter to DB:
Naturally DB’s June 8th response certainly seemed well measured and well thought out. Except for one tiny point, DB Attorney, in 2012 Mr Ross stated exemptions where banks can not invoke blanket confidentiality. In kind the Democrat Lawmakers essentially called bullshit on DB’s June 8th Response and explained how their their justification to withhold the information Congressional Democrats sought was impermissible, link to the House Democrats June 21, 2017 letter found here:
...you anticipate that Congress may raise this point with counsel when requesting information from financial institutions, and you state that “[f]ederal statutes, including the Right to Financial Privacy Act (RFPA). . .prescribe procedures for other federal law enforcement, regulatory, and investigatory authorities to access such information, yet these statutes do not clearly address congressional requests for such information from private parties.” You specifically state that the GLBA limitation on disclosure to non-affiliated third parties “excludes disclosures permitted by the RFPA,” and you also reference broader case law permitting disclosure of information in the context of congressional requests for “traditionally confidential information,” such as proprietary trade secrets. The positions expressed within this article are inconsistent with Deutsche Bank’s blanket denial of access to the information we requested.
June 30, 2017 Deutsche Bank’s Response:
It’s almosr like DB’s law firm is...in a word? A mirror (pun not intended) like the Bank itself, you can read DB’s June 30, 2017 Response via their website, found here.
We do not dispute that such investigations may include those authorized under the Rules of the Congress. However, with respect to the House of Representatives, this investigative authority resides with the House itself or by formal and explicit delegation to a Committee or Subcommittee, but not with individual Members. See, e.g., Exxon Corp. v. FTC, 589 F.2d 582, 593 (D.C. Cir. 1978) (“[D]isclosure of information can only be compelled by authority of Congress, its committees or subcommittees, not solely by individual members; and only for investigations and congressional activities.”).
Finally, your letter suggests that Deutsche Bank may seek customer authorization for the release of confidential information. For the reasons discussed above, we do not see a legal basis for the Bank to make such a request.
July 14, 2017 Resolution of Inquiry:
By this time it is safe to assume that the House Democrats had enough of the obfuscation by the House GOP, Trump, the Trump Administration and Deutsche Bank. So they filed a Resolution of Inquiry (ROI). This link will take you to the ROI Fact Sheet, is a detailed yet simple explaintion of The Who/Why/What/When/How of the ROI.
Finance, filed a Resolution of Inquiry (ROI) directing the Secretary of the Treasury Steven Mnuchin to provide Congress with documents from Treasury’s Financial Crimes Enforcement Network (FinCEN) regarding the financial and business dealings of President Trump, his family members, and his associates. The Ranking Members are determined to investigate any financial dealings between the President and his associates and Russia, and to uncover any evidence of illicit activity that may have compromised the President and this country.
Since Donald Trump refuses to release his Tax Returns, I’d hazard a guess that the vast majority of his Tax Returns are in fact NOT under audit. Which means Trump’s Financial Disclosures (again public info) is the next best data source, so based on that November 22, 2016 letter from Rep Waters, concerning possible conflict of interest...I now refer you to page 45 of Trump’s May 2018 OGE disclosures found here.
As somewhat detailed in the November 2016 letter, Donald Trump does in fact have multiple loans that are set to mature in 2023 and 2024 respectively:
Deutsche Bank Trust Company Americas Trump National Doral - mortgage Over $50,000,000.00 Matures in 2023, obtained in 2012... At this point, I suppose you would like to actually see verifiable proof of Trump National Doral’a Loan with Deutsche?
Step # 1: figure out what the actual name of the Trump entity, it’s NOT Trump National Doral
TRUMP ENDEAVOR 12 LLC
Step # 2: run a property & Mortgage search in the public database of Palm Beach FL
Step # 3: drill down on UCC and Parcel Data until you hit pay dirt....stay tuned for tomorrow’s volume 3 I’ll walk you through the 2008 to present lawsuits and various mortgages.
Oh you think I’m bluffing that I don’t have Trump’s Doral Mortgages? Go check my twitter feed...I’m not one to bluff...
And my tiny gift to you since you read this far down in the blog?
Deutsche Bank Subpoenas:
For some of you, you already know that when I opt to research a topic, occasionally I will fall down a hole and it’s unclear when or if I will reach daylight. In my Volume 1 entry, I highlighted the ongoing cooperation mandated by the various Consent Orders involving Deutsche Bank and the DOJ and more broadly law enforcement. Granted I am not a reporter nor do I have the resources available to me as actual reporters who work for large news organizations. Notwithstanding there are a few public database I tend to search, one being the SEC. The various SEC filings tend to be a treasure trove of data, provided you take the time to actually read every single filing. Case in point Deutsche Bank is required to file SEC reports. For example, this Deutsche Bank SEC 6-K Form, I now refer you to page 138, filed on March 31, 2018.
have received subpoenas and requests for information from certain regulators and government entities, including members of the Residential Mortgage-Backed Securities Working Group of the U.S. Financial Fraud Enforcement Task Force, concerning its activities regarding the origination, purchase, securitization, sale...”
However I went back through all of Deutsche Banks’s SEC flings, this link will take you to their corporate website where (by law) they must publish their SEC filings and isolated the first disclosure of any subpoena, it appears their Form 6-K Q4 2017, which means September 2017 is the first disclosure of subpoenas (yes multiple)
And as per usual I’ll give Auntie Maxine the last word (caveat I’m not saying impeachment is the best route to deal with Trump. In fact I say keep him in and subpoena the ___out of him, his business, his. Adult children and wife)
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