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FORENSIC NEWS: Russia's Skankiest State-Owned Bank Underwrote the Trump Note

By APOCALYPSEFUCKisShostikovitch follow APOCALYPSEFUCKisShostikovitch   2020 Jan 3, 9:42am 96 views   0 comments   watch   nsfw   quote   share

It's an underwriting fact that no bank could have supported any risk related to the TTO after the casinocalypse. The note was syndicated through VTB, the fucking skankiest Russian bank of them all. No need to impeach or indict. Order DB to call the fucking note. VTB is an outlaw bank. Bye, bye, Trumpcunt. See you in hell.

VTB Bank

The bank that allegedly underwrote Trump’s loans is one of the largest banks in Russia, and is majority owned by the Russian government. VTB (Vneshtorgbank) was placed on a sanctions list by the U.S. and the European Union in July 2014 as punishment for Russia’s invasion of Ukraine, ensuring anyone who continued doing business with the bank after that date could be subject to criminal liability.

VTB returned to headlines in 2018 when Donald Trump’s former personal attorney, Michael Cohen, admitted that both he and Trump were told in 2015 that VTB would be the funder of the now-infamous Trump Tower Moscow project. Trump associate Felix Sater reportedly arranged for VTB to fund the project and worked to approve passports for a planned trip to Russia. As the election heated up, the trip became politically unpalatable and never occurred.

US sanctions on VTB at the time of the negotiations would have made the proposed funding for Trump Tower Moscow potentially illegal under American law. Cohen later pleaded guilty to lying to Congress about the Trump Tower Moscow project. In the Mueller report (Vol I, p. 85), Cohen admits that he spoke directly to a Kremlin assistant about the project.

It has also been revealed that Trump signed a letter of intent for the project in October 2015, months after he officially started his presidential campaign.

Deutsche Bank

In a response to a request for comment, a Deutsche Bank spokesman said broadly, “More responsible news outlets have either investigated and avoided, or retracted, similar allegations as there is no truth to them.”

Val told FBI officials that an American subsidiary of Deutsche Bank, where his father worked as Chief Risk Officer and sat on the Board of Directors, had closer connections to VTB than previously understood.

The subsidiary, Deutsche Bank Trust Company Americas (DBTCA), is a New York bank whose clients include Trump and other high-profile individuals. Records show that as of 2014, DBTCA employed only 700 people, compared to Deutsche Bank’s 10,000 American employees, most of whom are also stationed in New York.

Documents provided by Val, including a 2013 DBTCA “breach report,” show that DBTCA owed VTB at least €35.8 million, or approximately $48.6 million. That liability has not been previously reported. Deutsche Bank had already provided a $1 billion structural loan to VTB in 2007, raising questions about why additional liabilities were being incurred to DBTCA by VTB in 2013.

Part of the Deutsche Bank breach report showing their liabilities to VTB Bank totaling more than 35.8 million euros.

Val also shared knowledge that Trump’s loans were issued by DBTCA, not the main bank, and underwritten by VTB, ensuring that the Russian-owned entity would take the financial hit if Trump defaulted.

Records show that DBTCA’s total assets are around $40 billion. At the time Trump took office, he owed DBTCA approximately $350 million – nearly 1% of DBTCA’s entire assets. Trump still owes $350 million to the bank, and his daughter Ivanka and son-in-law Jared Kushner owe the bank up to $50 million.
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