Share this page!

Wendy Siegelman Profile picture
Twitter logo
Mar 14 • 8 tweets • 4 min read
Trump has refinanced $100mil for Trump Tower NYC w/Axos Bank, formerly Bank of Internet USA/BofI

Dodgy backstory on Axos, CEO Greg Garrabrants, investor Don Hankey, payday loan partner World Business Lenders, lawsuits & loans to Kushner by @7im @AndyKroll
rollingstone.com/politics/polit…
Trump refinanced Trump Tower in NYC in February with a $100 million loan from Axos Bank of San Diego, which launched in 2000 as Bank of Internet USA

Story on refinancing deal from @Z_Everson

From 2019:

Gregory Garrabrants head of Axos Financial Inc. — formerly Bank of Internet USA — made $34.5 million in 2018, more than Jamie Dimon of JPMorgan Chase & Co. ($31 million) and Goldman Sachs Group Inc.’s David Solomon ($23 million)

latimes.com/business/la-fi…
More on Axos partner World Business Lenders

"Trump's "true lender" rule has made World Business Lenders' CEO rich beyond belief."

More on Axos partner World Business Lenders

"News from today’s task force hearing: World Business Lenders hired 225 workers to qualify for its $16.8 million tax subsidy and then fired them and eliminated their positions."

More on Axos partner World Business Lenders

World Business Lenders got tax credits to create jobs, but let employees go within months, former manager says, by @TedShermanSL

nj.com/politics/2019/…
New Trump admin rules - approved under Brian Brooks, who is ex vice chairman of OneWest Bank (purchased in 2008 by group led by Mnuchin) - made it easier for lenders (like World Business Lenders) to charge small businesses super-high interest rates
nbcnews.com/business/econo…
More on Axos partner World Business Lenders

WBL CEO is Doug Naidus, Andy Occhino is general counsel

Naidus is co-founder of Greenstone Equity Partners in Dubai UAE Apr 2011-Present, was Chairman Deutsche Gulf Finance in Saudi Arabia 2012-2016, and founded MortgageIT 1999-2006

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Wendy Siegelman

Wendy Siegelman Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @WendySiegelman

Wendy Siegelman Profile picture
Mar 12
Some US Hedge funds told to freeze assets after Roman Abramovich was sanctioned by UK

Abramovich accessed funds through NY based Concord Management, per sources he was seeking to sell the funds since late February

Abramovich is not sanctioned in the US

wsj.com/articles/abram…
Per @MattGoldstein26 advisories about freezing Abramovich investments seem to be mainly for offshore funds as opposed to domestic ones

Read 4 tweets
Wendy Siegelman Profile picture
Mar 9
Trump refinanced Trump Tower in NYC in February with a $100 million loan from Axos Bank of San Diego, which launched in 2000 as Bank of Internet USA. CEO Gregory Garrabrants, has contributed $50K to Republicans & $9,600 to Trump, since 2012, by @Z_Everson
forbes.com/sites/zachever…
Here's February 2022 agreement for $100 million loan from Axos Bank for Trump Tower at 725 Fifth Ave NY, made to Trump Tower Commercial LLC signed by Eric Trump per @Z_Everson

Prior $100mil loan from Ladder Capital was scheduled to come due in September

a836-acris.nyc.gov/DS/DocumentSea…
Axos Bank which just provided $100 mil loan for Trump Tower was previously called Bank of the Internet (BOFI) - per @StacyJannis they have an interesting history

In 2021 plaintiffs won class certification in 7 year old securities fraud lawsuit w/BOFI

Read 12 tweets
Wendy Siegelman Profile picture
Mar 9
How Western Firms Quietly Enabled Russian Oligarchs

Concord Management LLC in Tarrytown NY invested in US hedge funds & private equity firms, per sources most $ is from Roman Abramovich

@MattGoldstein26 @kenvogel @JesseDrucker @maureenmfarrell @mmcintire
nytimes.com/2022/03/09/bus…
Wall St bankers & hedge fund mgrs who interacted with Concord and founder Michael Matlin said it oversees from $4-$8 billion

It isn’t clear how much of that belongs to Abramovich whose fortune is estimated at $13billion

Abramovich hasn’t been sanctioned

nytimes.com/2022/03/09/bus…
In letter sent Wednesday to AG Merrick Garland Representative Steve Cohen, Democrat of Tennessee, wrote that he had “recently received information from credible sources in the financial industry” that Concord oversees billions of dollars for Abramovich

Read 6 tweets
Wendy Siegelman Profile picture
Mar 5
Mikhail Fridman owns £65Mil London mansion Athlone House

He was main owner of Athlone House Ltd (domestic personnel co) until March 2, now new owner is Nigina Zairova 'Executive Assistant'

Note there's similarly named N. Zairova 'Assistant' at LetterOne
…te.company-information.service.gov.uk/company/124467… ImageImage
Athlone House Ltd business: Activities of households as employers of domestic personnel

Financials list 4 employees and few assets - but change of ownership from Fridman to Zairova raises question of whether property ownership also changed

…te.company-information.service.gov.uk/company/124467… ImageImage
Mikhail Fridman bought and owned (as of Mar 2 story) Athlone House in north London, paying £65m for the property in 2016, according to the Land Registry

theguardian.com/world/2022/mar…
Read 8 tweets
Wendy Siegelman Profile picture
Mar 2
Ex-Goldman Banker Tim Leissner testified that Malaysian financier Jho Low said he met Jared Kushner and discussed shutting down US investigation of 1MDB scandal, w/global settlement & no criminal charges

(Leissner said he doesn’t know if Low was truthful)
bloomberg.com/news/articles/…
Republican fundraiser Elliott Broidy pleaded guilty in 2020 to illegally lobbying the admin on Low’s behalf. Broidy said Low paid him $6million and promised a $75mil success fee if the Justice Department dropped its investigation. Trump pardoned Broidy.

bloomberg.com/news/articles/…
Per Leissner, Low said he hired former NJ Governor Chris Christie, a Trump confidante at the time, to be his lawyer in settlement negotiations. Low claimed he promised Christie a $10 million success fee if the case was resolved without criminal charges

bloomberg.com/news/articles/…
Read 7 tweets
Wendy Siegelman Profile picture
Feb 28
Dmytro Firtash who has ties to Kremlin, Gazprom & reputed Russian mafia ties and hired Trump aligned lawyers Toensing & diGenova & paid Lev Parnas during hunt for dirt on Biden - asks to be allowed to enter Ukraine to protect country from Russian invasion
en.interfax.com.ua/news/general/8…
To add to irony of Firtash's request to protect Ukraine:

In 2021 Ukraine imposed sanctions on Firtash for selling titanium products that allegedly were used by Russian military enterprises

Firtash was indicted in US for alleged bribery in titanium deal

Read 15 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

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

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

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

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @WendySiegelman has new unrolls!

Check out other threads from @WendySiegelman!

Read all threads by @WendySiegelman

:(