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Trump’s Russian money laundering crime

March 2, 2017

Jim Wavada

Earlier this week we learned from Rachel Maddow of MSNBC a heretofore unreported story that the New Yorker is working that may finally be the smoking gun that brings the Trump kleptocracy down.

The allegation being investigated as I write this is that in 2014 Donald Trump and Wilbur Ross participated in a Russian money laundering scheme that netted Trump’s real estate enterprises a $60 million profit on a sham real estate deal in Florida.

This cash scoop was a pretty clear transfer of funds from a Putin crony in the KGB directly to Donald Trump. That’s because, as reported by Rachel Maddow, the Florida property in question cost Donald $20 million in 2012(?). He never occupied or sold the property nor did any improvements to it. He sold the property to this Russian oligarch for $100 million dollars in 2014, a $60 million profit. The Russian buyer never occupied the property and in fact demolished it shortly after purchase.

So the question remains, what was the intent of this transaction that clearly transferred $60 million to Donald Trump from this Russian oligarch through a loan authorized by Wilbur Ross, the billionaire who is co-chair of the board of the Bank of Cyprus, which is well known for laundering billions for Russian oligarchs.

I am going to track down a tape of Rachel’s report and personally attempt to verify the facts of this situation and pass on what I learn about this crime in this space. I will also add links to other sources who are actually spending resources to investigate this felony and Trump’s and Ross’s involvement in it.

Stay tuned.

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