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Rep. Mike Levin
@levin.house.gov

Capital One says it shut down roughly 385 Trump-linked bank accounts after its financial-crimes team flagged them for money-laundering concerns. That should be a massive story all by itself.

npr.orgCapital One says it closed Trump Organization accounts over money-laundering concernsThe bank is asking a judge to permanently dismiss a lawsuit from Trump-affiliated businesses, arguing a monthslong internal review — not the Jan. 6 riot — explains why hundreds of accounts were shut d...

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Rep. Mike Levin
@levin.house.gov

Trump responded by suing the bank and claiming political persecution. And Capital One is not the only bank his businesses are suing over closed accounts.

Rep. Mike Levin
@levin.house.gov

But now Trump controls the federal agencies that regulate those banks, and his Administration is going after the very banking practices at the center of his private company’s lawsuits.

Rep. Mike Levin
@levin.house.gov

Think about what is happening here: Trump’s business runs into serious problems with major banks. Trump becomes President. Suddenly, the federal government starts working to change the rules in ways that could benefit Trump’s business.

DavidP
@davidp-p.bsky.social

I have never worked in the area of criminal law but my understanding is that 'money laundering" makes it possible for criminals to use stolen money without getting caught Is that what 🍊💩 was doing with over 300 bank accounts? For whom, and what did he get out of it?

SteveMND
@stevemnd.bsky.social

It should be, yet here we are.

SteveMND@stevemnd.bsky.social

To misquote a modern classic, "For you, the day the President of the United States was discovered to be laundering money was the most important breaking news of your life. But for me, it was Tuesday."