When the Saudi money ran out, Trump had his debts covered by Russians.
Kowtowing to Russians and Saudis demonstrate that moral and material indebtedness rules Trumpian decision making. Even as he wants to make bribery legal and claims to be against corruption as his lawyers will claim in the impeachment trial.
A Russian government-controlled bank deposited at least half a billion dollars into the American subsidiary of Deutsche Bank around the time that the bank lent Trump his most scrutinized loans, according to exclusively obtained confidential bank records. As Trump received loans from the subsidiary, DBTCA, totaling over $360 million, Gazprombank sent $511 million in cash to DBTCA to be dispersed however the Russian bank directed.
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“A standard part of commercial banking needed by clients that operate internationally is the management of their cash in different currencies. Such cash balances show as liabilities on balance sheet, as that attributes the ownership of that cash to the client. Such liabilities are cash deposits, not loans,” a spokesman for the bank stressed. Deutsche Bank declined to name the entities to which Gazprombank distributed the dollars or for what purposes the Russian government wanted to convert approximately 16 billion rubles to dollars.
The revelation that the Russian government was converting billions of rubles to dollars via the same Deutsche Bank subsidiary that lent to Donald Trump adds further intrigue to President Trump’s finances and possible counterintelligence concerns.
forensicnews.net/...
The above story has some potential disinformation gaps but is connected to this NY Times story and needs still more investigation of the greatest loser’s funds.
"The transfer was signed off 16 days after the journalist was murdered in the Saudi consulate in Istanbul in October and a second came in February. The remains of Khashoggi, 59, a Saudi-born US resident have never been found."
(October 2018)
In 1991, Donald J. Trump was a mid-tier real estate developer with $900 million in debt, a collapsing casino business, and a name perhaps best known for a headline-dominating split with his wife Ivana. With his empire at risk of falling apart, Trump was searching for cash everywhere; his father even illegally bought $3.35 million worth of casino chips and never gambled them, to help Trump make a massive bond payment a year earlier.
A helpful burst of cash from a Saudi prince eased some tension with his creditors. Alwaleed bin Talal bought Trump’s yacht for somewhere between $18 million and $20 million (reports vary). It wasn’t a great bit of business for Trump—he had bought it from the Sultan of Brunei three years earlier for a reported $29 million.
In 1995, Trump was still in deep trouble—and Alwaleed swooped in again. The prince, who calls himself the “Warren Buffett of Saudi Arabia,” took over Trump’s 51% stake in his beloved New York Plaza hotel. As a result, Trump’s creditors forgave $125 million of his debt.
qz.com/...