Individual 1 and cash washing

A commenter (unpublished, because I ' m responding to it here) asks why I ' m so confident that individual 1 ' s business consists of laundering money for Russian mobsters. The caseis made here, by John Feffer, and it ' s pretty compelling. Too long, do read, but a couple of money shots:Before he became president, Donald Trump was basically an unsuccessful businessman who managed, time and again, to fail upward. He filed for bankruptcy six times  — five times for his casinos and once for the Plaza Hotel.. . . An astounding number of his other business ventures have gone belly up too, including Trump Airlines, Trump University, and Trump Magazine. Trump ’s business failures over the years and his unorthodox financial behavior pushed him to the margins of the financial world. . . . Trump began to rely on some questionable characters and networks. He created baroque financial arrangements involving shell companies. He used pseudonyms on contract s. He became squirrely about his tax returns. And he started to use large amounts of cash. For instance, he purchased huge properties — golf courses in the UK ($79 million), a Scottish estate ($12 million), a Virginia winery ($16 million) — in cash. In all, since 2006, he paid for properties in cash to the tune of$400 million. It just so happens that these are all telltale signs of money laundering: the cash, the shell companies, the pseudonyms, the lack of transparency and due diligence.. . .Ma...
Source: Stayin' Alive - Category: American Health Source Type: blogs