NEW: It's the world's most expensive "peanut" –– @realDonaldTrump and his companies owe more than $620 million, according to a @nytimes tally from his federal tax returns.

Most, as you know, is owed to @DeutscheBank. with @russbuettner @susannecraig…
Of that $620M+, Trump personally guaranteed $421M.

That means, if he were to default, a foreign institution –– @DeutscheBank –– could come after the president's personal assets.

(The other $200M+ is not personally guaranteed.)
Before you deluge me with comments about how the Russians actually lent/guaranteed this money, there is nothing in his loan documents to support this.

At least with Deutsche, Trump is the only one who signed or guaranteed the loans. And Deutsche still holds the debt.
If you're wondering why the @nytimes tally of Trump's debt is lower than Forbes's $1 billion figure, it's because we didn't count the debt on the two big properties where Trump is a minority partner.

Here's why:
It’s been a long week for me and Milkshake.

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More from @davidenrich

12 Oct
NEW: Leon Black, one of Wall Street's most powerful men, has said his relationship with Jeffrey Epstein was very limited.

In reality: They were close personally and Black transferred Epstein at least $50M in recent years. with @MattGoldstein26 @SteveEder…
@DeutscheBank found that Epstein's bank accounts received transfers tens of millions of dollars from LLCs controlled by Black – even after the bank's anti-financial crime officers raised questions about the transactions.

We reviewed portions of Deutsche's internal report.
At the same time, Black was socializing with Epstein, joining him for meals, yachting and visits to Harvard.

There is a contrast between what we've found in our reporting and how Black described his relationship to investors last year. (Black's firm, Apollo, is publicly traded.)
Read 9 tweets
7 Oct
New: The Trump admin last month awarded hundreds of millions of dollars of contracts for medical gowns for frontline workers.

The recipients were tiny companies with scant contracting experience. @dgelles @RachelAbramsNY…
Two of the companies are working with an ex-NFL player with at best a shaky record. He’s teamed up with the arms dealer portrayed by @JonahHill in “War Dogs,” who was banned from federal contracts.

Another company was founded this year by a former Trump admin official.
The contracts — which are supposed to replenish the national stockpile of protective gear — have triggered complaints to the Pentagon and @USGAO and questions from US senators.

The Defense Dept says it handled the contracts properly.
Read 4 tweets
30 Sep
1/ Remember how, last year, @DeutscheBank told a federal court that it did not have @realDonaldTrump's tax returns?…
2/ This was very surprising to me, as I'd previously reported that Deutsche did have portions of some returns.

When I told a former exec about what DB had told the court, he was stunned – he said he had seen the returns with his own eyes.
3/ I've been wondering about this ever since. And while I don't have a clear answer of what happened to the returns, I just found what looks like proof that Deutsche Bank at one time did have some of Trump's federal income tax returns (along with other financial information).
Read 7 tweets
30 Sep
If @DeutscheBank is mentioned in tonight’s debate, I will drink one of my favorite whiskeys. If “Deutsche” is pronounced correctly, I will drink more. (Actually I’ll be drinking regardless.)
For those wondering, it’s pronounced DOY-chuh. (And yes my sons and I are really into Legos)
I will take this as my cue to start drinking.
Read 5 tweets
27 Sep
Here. We. Go. ⁦

@realDonaldTrump⁩ has paid basically zero taxes for years.…
So much big news here. The 18 key takeaways are outlined here.…
This whole massive package is worth careful reading. Gem after gem. @russbuettner @susannecraig @mmcintire Image
Read 11 tweets
20 Sep
A massive leak of "suspicious activity reports" filed by big banks, including @DeutscheBank.

I am just starting to look, but from what I hear it doesnt sound like there is a direct @realDonaldTrump connection. (Correct me if I'm wrong please!)…
Here's a handy table breaking down the leaked SARs by institution.
Here's a few bullet points on @BuzzFeedNews's main findings from the leaked SARs.…
Read 11 tweets

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