JohnnyApplesack
Gold Member
- Feb 8, 2011
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Trump's casino was a money laundering concern shortly after it opened - CNNPolitics.com
Story highlights
-- Trump's Taj Mahal casino broke anti-money laundering rules in the 1990s
-- It was the preferred spot for Russian mobsters to gamble
-- Episodes like this in Trump's business past will get more scrutiny from Senate investigators
<snip>
(CNN) The Trump Taj Mahal casino broke anti-money laundering rules 106 times in its first year and a half of operation in the early 1990s, according to the IRS in a 1998 settlement agreement.
It's a bit of forgotten history that's buried in federal records held by an investigative unit of the Treasury Department, records that congressional committees investigating Trump's ties to Russia have obtained access to, CNN has learned.
The casino repeatedly failed to properly report gamblers who cashed out $10,000 or more in a single day, the government said.
<snip>
The violations date back to a time when the Taj Mahal was the preferred gambling spot for Russian mobsters living in Brooklyn, according to federal investigators who tracked organized crime in New York City. They also occurred at a time when the Taj Mahal casino was short on cash and on the verge of bankruptcy.
....I thought all his bankrupt casinos laundered Putin's cash, isn't that why he 'built' them?
or were they 'built' just to rip of the sub contractors?
hopefully Mueller will parse that one out!
Story highlights
-- Trump's Taj Mahal casino broke anti-money laundering rules in the 1990s
-- It was the preferred spot for Russian mobsters to gamble
-- Episodes like this in Trump's business past will get more scrutiny from Senate investigators
<snip>
(CNN) The Trump Taj Mahal casino broke anti-money laundering rules 106 times in its first year and a half of operation in the early 1990s, according to the IRS in a 1998 settlement agreement.
It's a bit of forgotten history that's buried in federal records held by an investigative unit of the Treasury Department, records that congressional committees investigating Trump's ties to Russia have obtained access to, CNN has learned.
The casino repeatedly failed to properly report gamblers who cashed out $10,000 or more in a single day, the government said.
<snip>
The violations date back to a time when the Taj Mahal was the preferred gambling spot for Russian mobsters living in Brooklyn, according to federal investigators who tracked organized crime in New York City. They also occurred at a time when the Taj Mahal casino was short on cash and on the verge of bankruptcy.
....I thought all his bankrupt casinos laundered Putin's cash, isn't that why he 'built' them?
or were they 'built' just to rip of the sub contractors?
hopefully Mueller will parse that one out!
