U.S. Treasury busted Donald Trump for money laundering just before he entered the 2016 election

Even as everyone from the FBI to the State of New York to the House and Senate Intelligence Committees attempt to determine whether the money Donald Trump has received from Deutsche Bank is the same money that Deutsche Bank was laundering from Russia to New York City, it turns out a hotel owned by Donald Trump has already been busted for money laundering. In fact the punitive action came just before he entered the 2016 election.

Trump announced his candidacy in June of 2015. But just three months earlier, the Financial Crimes Enforcement Network, a division of the U.S. Treasury Department, hit the Trump Taj Mahal Casino Resort with $10 million in penalties (source: fincen.gov). In its headline, the announcement made clear that the Trump Taj Mahal had engaged in “Significant and Long Standing Anti-Money Laundering Violations.” And the violations occurred while Donald Trump was still a key shareholder in the company.

Donald Trump’s ownership stake in the Trump Taj Mahal dwindled steadily during the course of its run. For instance he sold off a minority stake just to get the doors open in the first place (source: Washington Post). But he didn’t relinquish his final ten percent ownership until February of 2016 (source: Associated Press) when his associate Carl Icahn took over.

So whereas most Trump-branded buildings have little financial connection to Donald Trump, in contrast all of the Trump Taj Mahal money laundering violations occurred while Donald Trump was part owner. And with the Treasury Department stating that the money laundering took place “over many years,” it means at least some of it took place back when Trump still owned a predominant stake. So this wasn’t merely a Trump connected property being busted; this was Donald Trump being busted.

Even as authorities and oversight bodies attempt to determine whether Donald Trump is guilty of having been on the receiving end of a Russian money laundering scheme in relation to the 2016 election, we already know he was busted in a different money laundering scandal before the election even began. It further raises the question of why, when Trump first entered the race, the media didn’t bother to report that he and his hotel had just been caught up in money laundering three months earlier. Contribute to Palmer Report

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  1. Timothy Heiland on April 15, 2017 at 3:11 pm

    If the media would have done half as much investigating of Trump as they did HRC we wouldn’t have that madman as president now.

  2. Joe on April 15, 2017 at 3:33 pm

    Why couldn’t THEY stop him from running????

    • Bill Palmer on April 18, 2017 at 2:48 am

      Because there’s no such thing under the law or constitution as anyone being “disqualified” from running. That’s just a popular myth. People who are currently in prison can run for president and get their names on the ballot if they get enough signatures. They may not be able to vote for themselves, but they can run.

      • Kris Macdonald on April 18, 2017 at 2:56 am

        Why was this information not covered by the press during the election? Did folks just miss it?

        • Bill Palmer on April 18, 2017 at 3:48 am

          I didn’t enter political journalism until a few months after the Treasury Department announced this, so I’m not familiar with precisely how it played in terms of the major media outlets. But it’s difficult to imagine a Treasury Department press release about Donald Trump not landing on their radars. I assume they just chose not to report it, even once he entered the race.

      • Claudia Groh on April 18, 2017 at 9:41 am

        That just wrong.
        We need to vet everyone and have them disclose everything!

      • diane k hinzey on April 18, 2017 at 3:03 pm

        the bottom line is – had the news/media, fbi, etc. exposed all of these things in the beginning – no one would have believed him or voted for him – perhaps he even would not have ran given the bad press. The Republican party is liable also – they for sure did their homework on this man and knew all about his criminal associations prior to his campaign. Jail them all.

  3. yoursotruly on April 15, 2017 at 5:14 pm

    You mean the corporate media? We all wish, that’s why we need you, thanks.

  4. Rose Meade on April 15, 2017 at 5:27 pm

    So, let’s ask them!!

  5. Marc Kroll on April 15, 2017 at 5:51 pm

    Huh, kinda funny the laundering thing was ignored. The media was happy with the clown. Good ratings. Please, let this end soon.

  6. Kris Macdonald on April 15, 2017 at 8:02 pm

    Great question Bill. I’d like to know the answer to that as well. Any ideas?

  7. Betty Seed Woellner on April 16, 2017 at 10:24 am

    Really! What does it take to be disqualified as President? As I recall the only scandal Obama had was the Fox News uproar over the Church in Chicago they attended. Trump knows more Russians then Americans and it appears his money has been laundered oh and my bet is that he won the election due to a deal with Putin. Not to mention the millions the Trumps are making due to his Presidency. Someone needs to grow some balls and show the world we do have some dignity and honor.

  8. Maria on April 16, 2017 at 12:19 pm

    If everyone knows he was, and is breaking the law why was he not arrested, and allowed to run for President. It seems that this person, and his family have been breaking every law, and rules . Still running his businesses. And getting away with it.

    • Bill Palmer on April 18, 2017 at 2:27 am

      There are no laws preventing anyone from running from president due to having committed any crime. Back in 1920, Eugene Debs ran for president and got his name on the ballot despite being in prison at the time. There is literally nothing that “disqualifies” anyone from running, unless they’re under 35 years of age or not a natural born citizen.

      • Mary on May 13, 2017 at 1:11 am

        Even your driving record matters for some jobs. But this guy can have a criminal record & still be the President?! LMBO

        Somebody better introduce some new legislation….and drug test him, while you’re at it. 😂

  9. richard wosylus on April 17, 2017 at 4:55 am

    What next for this corrupt ASSHOLE?? Why is it taking so long to impeach this idiot?? C’mon Congress do your job give Trump the axe!!

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