A new report shows Democrats are already anticipating financial investigations of Trump’s ties to Russia, and more.
Credit: Yuri Kadobnov, AFP, Getty Images)
On Wednesday, The Daily Beast reported that the incoming Democratic majority on the House Intelligence Committee is planning to hire experts in money laundering and forensic accounting, with the goal of investigating President Donald Trump’s finances.
The committee, which will now be led by Rep. Adam Schiff (D-CA), reportedly plans to investigate Trump’s financial links to Russia. But that is not all they are interested in looking at:
Schiff, a California Democrat, has said publicly and privately that he’s interested in President Donald Trump’s relationship with Deutsche Bank, the German financial giant that has been scorched for its connections to money-laundering. When other lenders were loath to lend money to Trump in the 1990s, Deutsche Bank stepped up and spotted him tons of cash. The president may still owe the bank up to $175 million, according to MarketWatch. Bringing on staffers with expertise in financial crimes would position the committee to pursue those questions.
