Trump+Russia—Feds eyeing possible money laundering $8m loans to Trump Media Russ link (Page 1/1)
rinselberg MAR 19, 06:04 AM
Just last week The Guardian's Hugo Lowell reported on a federal investigation into Donald Trump's "Trump Media" company.

It's been a "sleeper" because of its low media profile, compared to the grand jury investigations in New York County, Georgia's Fulton County and the two U.S. Department of Justice investigations that are headed up by DOJ Special Counsel Jack Smith.

This investigation resides within the U.S. Attorney's Office for the Southern District of New York.


quote
Federal prosecutors in New York involved in the criminal investigation into Donald Trump’s social media company last year started examining whether it violated money laundering statutes in connection with the acceptance of $8m with suspected Russian ties, according to sources familiar with the matter. . . .

Towards the end of last year, federal prosecutors started examining two loans totaling $8m wired to Trump Media, through the Caribbean, from two obscure entities that both appear to be controlled in part by the relation of an ally of Russian president Vladimir Putin, the sources said.

The expanded nature of the criminal investigation, which has not been previously reported, threatens to delay the completion of the merger between Trump Media and DWAC, which would provide the company and Truth Social with up to $1.3bn in capital, in addition to a stock market listing.

Even if Trump Media and its officers face no criminal exposure for the transactions, the optics of borrowing money from potentially unsavory sources through opaque conduits could cloud Trump’s image as he seeks to recapture the White House in 2024.

The extent of the exposure for Trump Media and its officers for money laundering remains unclear. The statutes broadly require prosecutors to show that defendants knew the money was the proceeds of some form of unlawful activity and the transaction was designed to conceal its source.

But money laundering prosecutions are typically based on circumstantial evidence and can be based on materials that show that the money in question was unlikely to have legitimate origins, legal experts said. . . .


"Federal investigators examined Trump Media for possible money laundering, sources say"
Hugo Lowell for The Guardian; March 15, 2023.
https://www.theguardian.com...ble-money-laundering

[This message has been edited by rinselberg (edited 03-19-2023).]

cliffw MAR 19, 10:24 AM


I love cartoons. Never did I think the Dumbocratic party would replace Wylie Coyote .

[This message has been edited by cliffw (edited 03-19-2023).]

cliffw MAR 19, 10:41 AM












I love cartoons.

[This message has been edited by cliffw (edited 03-19-2023).]