Profile picture
David Enrich
@davidenrich
, 8 tweets, 5 min read Read on Twitter
Exclusive: Anti-money-laundering specialists at @DeutscheBank detected what looked like suspicious activity in @realDonaldTrump and Kushner accounts in 2016 and 2017. They recommended alerting the government. Bank managers said no. nytimes.com/2019/05/19/bus…
The activity in question involved Trump and Kushner overseas transactions, according to five current and former bank employees. Kushner Companies was moving money to Russian individuals. The Trump Foundation was also flagged for suspicious activity.
The employee who flagged the Kushner transactions, Tammy McFadden, worked in anti-money-laundering in @DeutscheBank's private-banking unit. After voicing concerns, she said she was transferred to another division and then fired. She is speaking publicly for the first time.
There's a lot we dont know about these transactions, incl exactly where the money was going to/coming from. Just because staff had suspicions doesnt mean the transactions were improper. It's not uncommon for bank managers to overrule staff if they think concerns are unfounded.
But this is one more likely reason that @realDonaldTrump is eager to block @DeutscheBank from complying with congressional subpoenas. The subpoenas seek any materials related to the bank's detection of suspicious activity in Trump accounts.
Deutsche denies that its employees were discouraged from escalating concerns or retaliated against. @Trump says it has no knowledge of its transactions being flagged. Kushner Companies denies money laundering - and takes the obligatory dig at @nytimes.
I went to Jacksonville, Fla., which is @DeutscheBank’s anti-financial-crime hub, to talk to employees. They said the handling of the Trump/Kushner transactions is part of DB’s historically lax approach to money-laundering - a problem that has landed the bank in trouble worldwide.
This story and lots more will be in my forthcoming book about @DeutscheBank & @realDonaldTrump. You can pre-order here. harpercollins.com/9780062878816/…
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to David Enrich
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

More from @davidenrich see all

Profile picture
David Enrich
@davidenrich
So @DeutscheBank just informed court that it has at least some of @realDonaldTrump tax returns. My understanding from sources inside the bank is that the bank has at least the first few pages of several years worth of the returns.
@DeutscheBank @realDonaldTrump This shouldn't come as a surprise to @nytimes readers -- this is what we reported back in April! nytimes.com/2019/04/30/bus…
I’ll be on @TheBeatWithAri in 20 minutes to discuss this. Tune in!
Read 3 tweets
Profile picture
David Enrich
@davidenrich
Exclusive: @JamesStewartNYT visited Jeffrey Epstein at his home last year.

He said he didn't think having sex with teenagers should be criminalized.

And, Epstein said, he had dirt on powerful people. nytimes.com/2019/08/12/bus…
@JamesStewartNYT Jim went to Epstein's NY mansion to discuss rumors that he was advising @elonmusk. Epstein didn't want to talk much about that. (@Tesla says it's not true.) But he was effusive on other topics, including sex and his connections to the rich and powerful.
@JamesStewartNYT @elonmusk @Tesla The interview took place "on background," which means the @nytimes couldn't directly attribute anything to Epstein.

Now he is dead, and, given the circumstances, we think that publishing his comments is the right thing to do.
Read 3 tweets
Profile picture
David Enrich
@davidenrich
New: Emerging clues about Jeffrey Epstein's opaque finances show how tens of millions of dollars moved through @jpmorgan, @DeutscheBank and Les Wexner's charity. with @emilysteel @MattGoldstein26 @SteveEder nytimes.com/2019/08/11/bus…
@jpmorgan @DeutscheBank @emilysteel @MattGoldstein26 @SteveEder We’ve spent weeks digging into Epstein’s mysterious financial affairs. Untangling them could be crucial to figuring out whether he had accomplices and whether/how his remaining assets will be distributed, including to his many victims.

We found some weird stuff....
@jpmorgan @DeutscheBank @emilysteel @MattGoldstein26 @SteveEder When Les Wexner - the billionaire owner of @VictoriasSecret - discovered that Epstein had misappropriated "vast sums," he didn't contact law enforcement. And four years after Wexner has said he cut ties with Epstein, $56 mln went from an Epstein trust to Wexner's charity. Why?
Read 5 tweets

Related threads

Profile picture
Karol Cummins
@karolcummins
Deutsche Bank Faces Criminal Investigation for Potential Money-Laundering Lapses

nytimes.com/2019/06/19/bus… via @NYTimes
📌The investigation includes a review of Deutsche Bank’s handling of so-called SUSPICIOUS ACTIVITY REPORTS that its employees prepared about possibly problematic transactions, including some linked to JARAD KUSHNER.

nytimes.com/2019/06/19/bus…
📌Ms. McFadden, a former anti-money-laundering compliance officer at the bank, said that she had flagged transactions involving Mr. Kushner’s family company in 2016, but that bank managers decided not to file the suspicious activity report she prepared.
nytimes.com/2019/06/19/bus…
Read 27 tweets
Profile picture
Karol Cummins
@karolcummins
The New German Anti-Semitism

For the nation’s estimated 200,000 Jews, new forms of old hatreds are stoking fear.

#TOCvsWLD nytimes.com/2019/05/21/mag…
Musée Nissim de Camondo

Rise of RW TOC v WLD 2

The steady rise of RW fascists/Autocrats/Nationalists/TOC world wide are challenging the peaceful World Order of Western Liberal Democracy post WII M

Read 20 tweets
Profile picture
Putin's Clown Prince
@putinsclown
“Anti-money-laundering specialists at Deutsche Bank recommended in 2016 and 2017 that multiple transactions involving legal entities controlled by Donald J. Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog.” nytimes.com/2019/05/19/bus…
“Compliance staff members who then reviewed the transactions prepared suspicious activity reports that they believed should be sent to a unit of the Treasury Department that polices financial crimes.” | @nytimes
“But executives at Deutsche Bank, which has lent billions of dollars to the Trump and Kushner companies, rejected their employees’ advice. The reports were never filed with the government.” | @nytimes
Read 6 tweets
Profile picture
Robert Maguire
@RobertMaguire_
Anti-money laundering specialists at Deutsche Bank recommended in 2016 and 2017 that multiple transactions involving legal entities controlled by Donald Trump and Jared Kushner be reported to a federal financial-crimes watchdog. nytimes.com/2019/05/19/bus…
Let's all just step back for a second and remind ourselves that the mere fact that the President hired his son-in-law to be a presidential advisor—despite having no government experience or special expertise to merit the job—is itself an ethical, national-security scandal
Imagine if this were any other administration, Democratic or Republican, where a president with no prior government experience hired his son-in-law solely because he was family, and then it turned out that credible evidence existed that implicated both men in money laundering
Read 4 tweets
Profile picture
Polly Sigh
@dcpoll
Anti-money laundering specialists at Deutsche Bank recommended in 2016 & 2017 that suspicious activity in Trump and Kushner accounts be reported but Deutsche execs refused to file the suspicious activity reports that had been prepared with FinCEN.
#Maddow nyti.ms/2Ht1Czs
Former Deutsche Bank employees said the decision not to report the Trump and Kushner transactions – some of which involved money flowing back & forth with overseas entities or individuals – reflects Deutsche’s lax approach to money laundering laws.
#Maddow
Tammy McFadden, a former Deutsche anti-money laundering specialist who reviewed some of the illicit transactions involving Trump and Kushner accounts [which Deutsche execs refused to report to FinCEN], was fired last year after raising concerns about the bank’s practices.
#Maddow
Read 13 tweets
Profile picture
Wendy Siegelman
@WendySiegelman
Deutsche Bank Staff Saw Suspicious Activity in Trump & Kushner Accounts - Anti-money laundering specialists recommended in 2016 & 2017 multiple transactions be reported to Treasury financial-crimes watchdog - but Deutsche execs never filed, by @davidenrich
nytimes.com/2019/05/19/bus…
More detail in this thread
Buried bombshell in this story:

In the summer of 2016, Deutsche Bank’s software flagged a series of transactions involving Kushner's real estate company - a review of transactions showed that money had moved from Kushner Companies to Russian individuals

nytimes.com/2019/05/19/bus…
Read 6 tweets

Trending hashtags

#Kush666 #SwedeBank #Russia #Leese #Ivanka #hemodyalisis #FollowTheMoney #WarCrimes #TeamNutShellReport #vanre #ThePatriotTimes #BVI #DanskeBank #CNN #BTA #visa #Wexner #threesomes #Person1 #Russian #HighRisk #Magnitski #unsealing #plane #island
Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!