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Posted On: 11/04/2019 9:04:27 PM
Post# of 124752
TRUMP MADE MILLIONS OF DOLLARS FROM DRUG MONEY LAUNDERING IN PANAMA: REPORT
resident Donald Trump made tens of millions of dollars in profits by allowing Colombian drug cartels and other groups to launder money through a Trump-affiliated hotel in Panama, according to a new investigation by the organization Global Witness.
In the early 2000s, Trump was having financial difficulties and began selling his high-profile name to real estate developers around the world, the report said. One of these developed Panama's Trump Ocean Club International Hotel and Tower.
The report said the drug cartels purchased hotel units to hide the origins of money earned through drug trafficking and other criminal activity, and Trump is estimated to have earned tens of millions of dollars from the deals.
Some observers are saying it is time for Congress to begin investigating the president's finances and potential conflicts of interest.
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"This is inherently a political problem," Alex Howard, deputy director of the Sunlight Foundation, told Newsweek. "The government can investigate a company, even the president's company. The problem here is that it's about the president, and Congress is not holding him accountable for what he has done in this context. They aren't holding hearings about the Trump Organization, and the president himself is not being transparent."
https://www.newsweek.com/trump-drugs-corrupti...ing-714891
resident Donald Trump made tens of millions of dollars in profits by allowing Colombian drug cartels and other groups to launder money through a Trump-affiliated hotel in Panama, according to a new investigation by the organization Global Witness. In the early 2000s, Trump was having financial difficulties and began selling his high-profile name to real estate developers around the world, the report said. One of these developed Panama's Trump Ocean Club International Hotel and Tower.
The report said the drug cartels purchased hotel units to hide the origins of money earned through drug trafficking and other criminal activity, and Trump is estimated to have earned tens of millions of dollars from the deals.
Some observers are saying it is time for Congress to begin investigating the president's finances and potential conflicts of interest.
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"This is inherently a political problem," Alex Howard, deputy director of the Sunlight Foundation, told Newsweek. "The government can investigate a company, even the president's company. The problem here is that it's about the president, and Congress is not holding him accountable for what he has done in this context. They aren't holding hearings about the Trump Organization, and the president himself is not being transparent."
https://www.newsweek.com/trump-drugs-corrupti...ing-714891
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