This story originally appeared in Salon.com May 23, 2017 http://www.salon.com/2017/05/23/is-donald-trumps-casino-empire-linked-to-money-laundering-past-financial-crimes-may-be-the-presidents-biggest-problem/ Tuesday, May 23, 2017 8:10 AM EDT Is Donald Trump’s casino empire linked to money laundering? Past financial crimes may be the president’s biggest problemCampaign collusion could become an afterthought as investigators begin to focus on the Atlantic City money trailHeather Digby Parton(Credit: Reuters/Brian Snyder/AP/Mel Evans/Photo montage by Salon) So Donald Trump screwed the pooch again. This time the president did it on camera, standing next to Israel’s Prime Minister Benjamin Netanyahu, when he made a point of quieting the room and addressing reporters to say this out of the blue:
He was referring, of course, to his infamous May 10 meeting with Russia’s Foreign Minister Sergey Lavrov and Ambassador Sergey Kislyak at the White House, the one when he gave away sensitive foreign intelligence and explained to his guests that he had gotten rid of that pesky little problem he had with former CIA Director Jim Comey. Although there has been some reporting that the original information came from Israeli intelligence, no one has ever claimed Trump told the Russians that. In fact, national security adviser H.R. McMaster had gone to great lengths to explain that Trump had no idea where the information came from. So this was simultaneously a confirmation of reporting that Israel was the source and a confirmation that all classified information should be kept far away from President Trump. Meanwhile, back in the States, the gusher of news about the Russia investigation continued to flow. Former national security adviser Michael Flynn gave notice that he planned to assert his Fifth Amendment right against self-incrimination rather than testify before Congress. And then there was the usual late-breaking Washington Post bombshell, this time reporting that Trump had asked Mike Rogers, the National Security Agency’s director, and Dan Coats, director of national intelligence, to push back on the Russia story after Comey’s congressional testimony, as well as that White House officials had looked into the prospect of encouraging the FBI to drop the Flynn probe. It was just another day of gaffes, scandals and lawbreaking in the era of Trump. But a few stories over the past several days may have Trump and his son-in-law Jared Kushner feeling a bit more nervous than usual. Last Friday among the cascading breaking news, one factoid was mostly overlooked in the big Washington Post story reporting that the Russia investigation had expanded to include a member of the White House staff who is close to the president. See an excerpt below with emphasis added:
Josh Marshall at Talking Points Memo observed that the investigation may be homing in on the story he’s been following for some time about Trump’s business and financial dealings over the decades with a whole cast of nefarious characters, including authentic mobster Felix Sater, who has ties to Russian oligarchs and gangsters and may be a U.S. government informant. Over and over again in Trump’s past you find connections to criminals and shady characters who operate on the very edge of legality. Marshall noted that for the past couple of decades, Trump has had a specific business model: >Cut off from capital from the big banks and most people interested in not losing their money, he had to do business with people with decidedly sketchier reputations. Those people, often looking for places to park wealth in real estate, had to accept much higher levels of risk than people with clean reputations. That seemed to lead them to Trump.You may have heard that the congressional investigative committee members have requested that the Treasury Department’s financial crimes enforcement network, or FinCEN, provide any information it has on Trump, his businesses, his top officials and campaign aides. CNN received access to 400 pages of this FinCEN information on Trump’s casino operations in Atlantic City and found that the Trump Taj Mahal casino broke money-laundering rules 106 times in the first year and half of operation and paid nearly half a million dollars in fines in just one settlement agreement in 1998. The network reported as follows:
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