Trump took steps to make it very difficult to prosecute money laundering, a crime he's repeatedly committed with his billionaire real estate buddies much of his life.
Why did Capital One Bank close more than 300 Trump Organization accounts back in 2021? The bank said it was because their internal fraud department had flagged illegal money-laundering activities.
Interesting. But on whose behalf? Trump or Russia? Or both? Let's take a look at some factual background for the answer.
One thing was clear in the Mueller Report and public reporting; Putin spent millions and did his best via social media and hacking the DNC to get Trump elected in 2016. It's more than likely that Putin tried to help get Trump elected in 2020 and 2024.
Now this happens...
Trump's billionaire crony Scott Bessent this week came up with a new rule that will make it more difficult to investigate and prosecute money laundering.
Bessent ended any transparency by directing the Treasury to delete all the beneficial-ownership information they currently hold on U.S. persons (like Trump and his brats) that could be used to prove past money laundering crimes.
No wonder Putin is smiling. Trump made it easier for him, or any other foreign oligarch, to use shell companies to buy American politicians. What a coup!
It's common knowledge that money laundering is how drug money, bribes, stolen government money, tax evasion proceeds, or money belonging to a sanctioned oligarch can be pushed through corporations, trusts, real estate, banks, casinos, and multiple other transactions.
A recent report from the Organized Crime and Corruption Reporting Project titled "U.S. Real Estate is No 1 Destination for Laundering Dirty Money." In it they say, "we have the weakest regulatory framework to counter real estate money laundering" among all of the G7 nations."
Trump and Bessent made sure they and their accomplices in crime will be harder to catch with this slimy move.
It's a fact that Trump has been up to his eyeballs in money laundering for most of his business career. When he blew his inheritance, he turned to Russian oligarchs to prop him up after multiple bankruptcies via these very kinds of real estate transactions that the Treasury will no longer be looking at.
It's going to be easier than ever before for bad foreign actors to influence our elections with the midterms only 50 days away.
More bad news.
Thanks to Trump refusing to appoint a needed member, the Federal Election Commission (FEC) doesn't have the quorum it needs to conduct its own enforcement of rules against foreigners jumping into our elections. Call it a hunch, but I doubt Trump will ever appoint someone - especially with the midterms around the corner.
Sadly, we know foreign billionaires (Musk, etc.) and dictators have a vested interest in how our system works; if they didn't, they wouldn't be throwing literally billions of dollars into Trump family operations, from Trump's crypto to Jared's Saudi backed Investment fund.
As it Stands, this latest move is another threat to the integrity of the midterms as GOP candidates will get the benefit of more foreign money that's now become easier than ever before to dole out.
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