President Donald Trump fired off a series of tweets Monday after a report said anti-money laundering specialists with Deutsche Bank flagged transactions involving himself and…
President Donald Trump fired off a series of tweets Monday after a report said anti-money laundering specialists with Deutsche Bank flagged transactions involving himself and his son-in-law, Jared Kushner.
But Trump did not address the suspicious activity in The New York Times report. Instead, he denied the article’s assertion – which has been widely reported previously – that he borrowed from Deutsche Bank when other lenders were unwilling to give him money.
Software designed to identify illegal activity alerted the staff about the transactions, involving the now-shuttered Trump Foundation and business entities owned by Trump and Kushner, the Times reported Sunday, citing five current and former Deutsche Bank employees.
After reviewing the transactions, bank staff prepared to file suspicious activity reports to send to the Treasury Department. But the bank had issued loans worth billions of dollars to Trump and Kushner and bank executives directed the staff not to file the reports, according to the Times report.
«WRONG! It is because I didn’t need money,» Trump said. «Very old fashioned, but true.»
«When you don’t need or want money, you don’t need or want banks. Banks have always been available to me, they want to make money.» Trump said Deutsche Bank was «very good and highly professional to deal with» but «if for any reason I didn’t like them, I would have gone elsewhere.»
«There was always plenty of money around and banks to choose from.»
«This is not true,» Times reporter David Enrich said on Twitter in response to Trump’s tweets.
