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Ivanka Trump Co. Hit with Massive Money Laundering Allegations, Subpoena Served

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Ivanka Trump Co. Hit with Massive Money Laundering Allegations, Subpoena Served


Donald Trump campaigned against Hillary Clinton’s and her husband’s alleged corruption virtually his entire campaign, and still slams them to this day for reason that has no grounds. However, if allegations are any indication, it appears that the Clinton family can’t hold a candle to the Trumps in the corruption department.

Collusion, fraudulent college schemes, money laundering? You name it, the Trumps are tied to it, at least allegedly, but some of it has been proven, like the Trump University scheme that was settled for millions of dollars.

Turns out, money laundering just may land a Trump you weren’t expecting in a load of legal trouble. No, not Baron. But Ivanka, could be.

The Commercial Bank of Dubai has now subpoenaed Ivanka Trump’s diamond jewelry line, with the underlying reason for the filing being that the diamonds were being used in a $100,000,000 money laundering scheme, according to a GQ report.

Thanks to an overlooked filing made in federal court this past summer, we can now add a jewelry business to the list of Trump family enterprises that allegedly served as vehicles to fraudulently hide the assets of ultra-rich foreigners with checkered backgrounds. In late June, the Commercial Bank of Dubai sought—and later received—permission to subpoena Ivanka Trump’s now-defunct fine jewelry line, claiming its diamonds were used in a massive scheme to hide roughly $100 million that was owed to the bank, according to filings at the U.S. District Court for the Southern District of New York.

High-end real estate is a common vehicle for money laundering, in part because, until recently, the industry was effectively exempt from many of the laws that prevent laundering through other types of assets, such as the “Know Your Customer” laws that apply to banking. But diamonds, too, hold an important place in the money launderer’s toolkit. Mountains of dirty money can be converted into tiny diamonds, which are easy to store or smuggle across national boundaries, and convert back into cash when the opportunity arises.

The Trumps are not the only Western business owners whose ventures have been tied to alleged money laundering and fraud schemes, but they are the only ones who are also in charge of American foreign policy, making the entanglements—and possible points of leverage—that arise from such ventures matters of national security.

What’s more, one of the conspirators being targeted in the subpoena just happens to be the guy who introduced Ivanka to Jared Kushner, who of course is now her husband.

Bill Palmer points out, “This comes not long after the reporting about Ivanka’s involvement with her father’s businesses in Panama, which just happened to be deeply involved in money laundering. And of course Ivanka spearheaded various shady Trump Organization real estate deals with Felix Sater, who has been convicted for money laundering in relation to the Russian mafia. Every time we turn around, Ivanka Trump just happens to be connected to money laundering. It’s clear that (alleged) criminals worldwide are consistently choosing Trump family businesses for their money laundering needs. Either the Trumps are the most naive people in the world, or they actively seek out money launderers, which would mean they’re all going to prison.”

Just recently, Democrats in Congress started making progress on their efforts to tie Donald Trump to money laundering activity.

Adam Schiff appeared on MSNBC and mentioned Trump and Russian money laundering. Sen. Ron Wyden ripped into Congress from the Senate floor for their refusal to push the Treasury Department’s to cooperate with the Russian money laundering investigation into Donald Trump.

Tick tock, Trump. Things aren’t looking up for you or your family.


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