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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIvanka Trump Diamonds Embroiled In Alleged Money-Laundering Scheme: Report
From Newsweek: http://www.newsweek.com/ivanka-trump-diamonds-caught-alleged-money-laundering-scheme-757168
Diamonds from first daughter Ivanka Trumps now-defunct fine jewelry line were allegedly used in a massive money-laundering and fraud scheme, according to a federal court filing, GQ reported.
The Commercial Bank of Dubai in late June sought and later got permission to subpoena Ivanka Trump Fine Jewelry, claiming its diamonds were vehicles in a scheme to hide about $100 million owed to the financial institution, GQ reported on Friday based on filings at the U.S. District Court for the Southern District of New York made over the summer.
The bank has not accused Trumps business of wrongdoing, but the timeline of the case suggests that any alleged transactions would have occurred when Ivanka Trump Fine Jewelry was licensed under the corporate entity Madison Avenue Diamonds, which is named in the documents. Trump has cut her connections with Madison Avenue Diamonds.
The banks case is the latest in a string of alleged fraud schemes dogging the Trump family. Trump SoHo in Manhattan is accused of serving as a magnet for funds from Russia and Kazakhstan and is a monument to spectacularly corrupt money-laundering and tax evasion, a lawsuit claims. Trump Ocean Club in Panama and Trump Baku in Azerbaijan also face money-laundering accusations.
The Commercial Bank of Dubai in late June sought and later got permission to subpoena Ivanka Trump Fine Jewelry, claiming its diamonds were vehicles in a scheme to hide about $100 million owed to the financial institution, GQ reported on Friday based on filings at the U.S. District Court for the Southern District of New York made over the summer.
The bank has not accused Trumps business of wrongdoing, but the timeline of the case suggests that any alleged transactions would have occurred when Ivanka Trump Fine Jewelry was licensed under the corporate entity Madison Avenue Diamonds, which is named in the documents. Trump has cut her connections with Madison Avenue Diamonds.
The banks case is the latest in a string of alleged fraud schemes dogging the Trump family. Trump SoHo in Manhattan is accused of serving as a magnet for funds from Russia and Kazakhstan and is a monument to spectacularly corrupt money-laundering and tax evasion, a lawsuit claims. Trump Ocean Club in Panama and Trump Baku in Azerbaijan also face money-laundering accusations.
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Ivanka Trump Diamonds Embroiled In Alleged Money-Laundering Scheme: Report (Original Post)
Saviolo
Dec 2017
OP
I think this is how it works. But I am not sure if the Trumps always paid the money back
Irish_Dem
Dec 2017
#8
underpants
(182,274 posts)1. I think a feather just knocked me over
delisen
(6,039 posts)2. Ivanka Trump, the Laundress. n/t
Hugin
(32,778 posts)3. This is as close as she's ever been to doing actual, y'know...
laundry.
mitch96
(13,817 posts)4. So how would that work??
She "borrows" dirty money from "X". She buys diamonds and sells them legitimately thru her store. Then kicks back the clean cash (less fees) from the sale to her lender,"X".
Cocaine cowboys use to do this all the time down here in So Fla. Way to many "exotic" car dealerships popped up in the '80s...... I mean how many Ferrari's, Lambo's etc can one little town handle....
m
Irish_Dem
(45,626 posts)8. I think this is how it works. But I am not sure if the Trumps always paid the money back
to the dirty money lender? Hence they were owned by the Russians?
lame54
(35,138 posts)5. That's the indictment I want to see...
Trump will lose his shit
RhodeIslandOne
(5,042 posts)6. LOCK HER UP!!!!
miyazaki
(2,220 posts)7. diamonds are forevor, like life sentences.
happy new year.