Home / US / House Democrats you into Trump finances after Mueller, SDNY drop hints

House Democrats you into Trump finances after Mueller, SDNY drop hints



Prosecutors investigating President Donald Trump and his finances left a trail of breadcrumbs that House Democrats are picking up on after the special counsel Robert Mueller wrapped up his work on the Russia investigation last week.

Mueller was tasked with investigating Russia's interference in the 2016 US election and whether the Trump campaign coordinated with Moscow to lift the race in his favor. In the investigation, the FBI's counterintelligence inquiry into whether Trump is acting as a Russian agent.

As part of the counterintelligence probe, Mueller's team was known to have examined Trump's business dealings to determine whether he had any financial interests related to Russia.

Trump maintains that he has no financial links to Russia.

"I don't make money from Russia," he said in 201

7.

Read more : Here's a glimpse at Trump's decades-long history of business ties to Russia

The comment appears to stand in contrast to those made by Trump's oldest son, Donald Trump Jr., in a 2008 New York Times ed. The younger Trump wrote, "In terms of high-end product influx into the US, Russians make up a pretty disproportionate cross-section of a lot of our assets … We see a lot of money pouring in from Russia."

Eric Trump said the same to a reporter. He later backtracked and said the Trump Organization funding came as a result of "incredible cash flow."

Pablo Martinez Monsivais / Associated Press

Federal Prosecutors Probe Trump Organization, Trump Tower Moscow Negotiations, and the Trump Inaugural Committee Most significantly, prosecutors also asked several witnesses about the Trump Organization's negotiations to build a Trump Tower in Moscow.

These negotiations took place at the height of the 2016 campaign, and Justice Department veterans told INSIDER that prosecutors probably asked about the project whether or not there was any quid pro quo in which the Trump campaign offered to soften the US stance toward Russia in exchange for the Kremlin's approval for the project.

Then there is the mystery of why Alfa-Bank, one of the largest banks in Russia, was looking up the address of the Trump Organization's computer server nearly every day during the 2016 campaign. Between May and September 2016, Alfa-Bank looked at the Trump Organization's domain name more than 2,000 times, according to The New Yorker.

Read more : The White House will report the case before the public does in case it wants to make redactions, Barr says

In a separate case that Mueller referred to the Southern District of New York (SDNY), federal prosecutors implicated Trump in campaign-finance violations related to hush-money payments that his forms lawyer Michael Cohen facilitated to two women who said they had affairs with Trump.

Michael Cohen.
AP Photo / Julie Jacobson

Cohen pleaded guilty to several counts of tax evasion, bank fraud, and campaign finance violations as part of the SDNY's investigation . While Trump was not specifically named in the charging document, it is widely believed to be the person whom prosecutors referred to as "Individual-1 in the court filing, which legal experts say makes the president an unindicted co-conspirator.

New York federal prosecutors have also recently signaled an interest in Trump's inaugural committee.

Cohen is still cooperating with prosecutors in the SDNY investigation, as well as other ongoing criminal inquiries. But he had more light on Trump's financial dealings during a blockbuster hearing before the House Oversight Committee last month.

Read more : The 8 biggest takeaways from Michael Cohen's blockbuster testimony against Trump

In addition to implicating Trump Jr. and Allen Weisselberg, the Trump Organization's chief financial officer, in "garden variety financial fraud" related to the household money payments, Cohen also said it was possible Trump may have inflated or deflated the value of his financial assets for insurance and tax purposes.

Rep. Jerrold Nadler in 2007.
Reuters

'We're not leaving any stone unturned'

House Democrats have seized on Mueller's and the SDNY's findings, as well as Cohen's testimony, to launch a sprawling inquiry into every aspect of Trump's life: his campaign, his business, his defunct charity, his personal affairs, his inaugural committee, and more.

House Democrats have also zeroed in on Trump's tax returns, which have been made public.

"We're not leaving any stone unturned," one congressional aide on the House Judiciary Committee, which is conducting the investigation, called INSIDER on Tuesday.

This person added that House Judiciary Committee Chairman Jerry Nadler believes getting Mueller's full report on the Russia investigation – as opposed to Attorney General William Barr's concise summary – is crucial to determining the motivations behind the myriad contacts between Trump associates and Russians, as well as why Trump has shown deference to Russian President Vladimir Putin since the campaign.

Read more : Attorney General William Barr's report is now near finished

House Democrats are not limited to the same rules as the special counsel's office, and unique prosecutors in New York, they do not face any jurisdictional constraints.

Rep. Adam Schiff.
Getty Images

In early February, House Intelligence Committee Chairman Adam Schiff announced a sweeping probe into the president's finances, including potential to Russia but also well beyond that – including possible money laundering by the Trump Organization.

"Our job involves making the policy of the United States is driven by the national interest, not by any financial entanglement, financial leverage or other form of compromise," Schiff said in announcing the expansive investigation.

Schiff and other top Democrats are looking into why German-based Deutsche Bank was willing to borrow the Trump Organization money for many years, as well as other banks had turned it down.

"The concern about Deutsche Bank is that they have a history of laundering Russian money," Schiff said in December. "And this, apparently, was the one bank that was willing to do business with the Trump Organization."


Source link