In 2015, Trump Taj Mahal casino fined $10 Million for money laundering

[gpatt0n]

Just months before he announced for President, Donald Trump's ailing Trump Taj Mahal casino was fined $10 million for participating in money laundering and the evidence of those violations is being sent to the Senate Intelligence Committee to determine if there is a link between the documented money laundering and Trump's Russian connections.

 

 

Trump Taj Mahal, a casino in Atlantic City, New Jersey, admitted to several willful BSA violations, including violations of AML program requirements, reporting obligations, and recordkeeping requirements. Trump Taj Mahal has a long history of prior, repeated BSA violations cited by examiners dating back to 2003. Additionally, in 1998, FinCEN assessed a $477,700 civil money penalty against Trump Taj Mahal for currency transaction reporting violations.

 

“Trump Taj Mahal received many warnings about its deficiencies,” said FinCEN Director Jennifer Shasky Calvery. “Like all casinos in this country, Trump Taj Mahal has a duty to help protect our financial system from being exploited by criminals, terrorists, and other bad actors. Far from meeting these expectations, poor compliance practices, over many years, left the casino and our financial system unacceptably exposed.”

Trump Taj Mahal admitted that it failed to implement and maintain an effective AML program; failed to report suspicious transactions; failed to properly file required currency transaction reports; and failed to keep appropriate records as required by the BSA. Notably, Trump Taj Mahal had ample notice of these deficiencies as many of the violations from 2012 and 2010 were discovered in previous examinations.

 

 

Notably, while the Senate Intelligence committee requested the documents from Financial Crimes center (FinCEN) of the Dept. of Treasury, months ago, that executive department was dragging its heels. Only when the senate blocked the appointment of a new director - a senate confirmed post - did Treasury agree to proceed with giving up the documents.

 

 

Last month FinCEN, the financial crimes unit of the United States Treasury Department, agreed to give the Senate Intelligence Committee access to the financial records it has on Donald Trump. Then earlier this month the committee publicly complained that the Treasury hadn't yet cooperated. But after the Senate blocked the appointment of FinCEN's new boss, it's now agreed to give up the records .

 

One wonders if the special prosecutor might also be interested in any role the white house might have in the hold up in the release of these treasury records.

 

pubby

[CitizenCain]

When Ken Starr started his investigation (a true witch hunt) it was about real estate property in Arkansas. He ended up with nothing but a stained blue dress. But that's the thing about these investigations once they start digging theres no telling what they will uncover. Given the shady character Trump is, that his tax returns are in perpetual audit the problem might well end up being which crime to charge him with first.

[rockysmom]

I went to AC last September. It's was a girlfriends weekend in LBI and I went up a few days before hand. AC is sad beyond description....a ghost town with boarded up windows.

 

Sad. Really sad.

[gpatt0n]

I went to AC last September. It's was a girlfriends weekend in LBI and I went up a few days before hand. AC is sad beyond description....a ghost town with boarded up windows.

 

Sad. Really sad.

 

And to imagine that the disaster that is Atlantic City was also a $1 billion tax shelter for DJT ... that being losses from bankruptcy that presumably was a shelter that accrued to Trump for money that others actually lost.

 

 

When Ken Starr started his investigation (a true witch hunt) it was about real estate property in Arkansas. He ended up with nothing but a stained blue dress. But that's the thing about these investigations once they start digging theres no telling what they will uncover. Given the shady character Trump is, that his tax returns are in perpetual audit the problem might well end up being which crime to charge him with first.

 

I'm actually not so sure that this money laundering, if it was Russians doing the laundering, may not be indicative of prior involvement with Russia that led to his running for office. For instance, is it not money laundering if you spend money for services like the gents that created the fake news in the eastern block?

 

Maybe they were funding Trumps birther gig through this backdoor; his birther gig being an attack on Obama that no doubt pleased Vlad to no end. One might even think that raising Trumps bona fides with the extreme right needed a boost (since he'd been a New Yorker with liberal leanings for most of his life) and this was the 'tool' to ingratiate the man with what would become the alt-right.

 

I guess I just don't buy the notion that Donald J. Trump had the gut instincts to go from failed casino owner to Republican nominee without some long-range planning. That the birther gig was selected as a vehicle to gain a base beyond his TV fandom would not be something that anyone does without a long range goal in mind. That, if you recall, started in March 2011.

 

My gut is that someone - maybe Roger Stone - was gaming a Trump run for 2012 after the big 2010 election. Where to get the money to do it would have been one of the questions. BTW: The documentary on Stone on Showtime (I think) had him saying that he always was trying to get DJT to run back even before that.

 

In any case looking back that far makes sense to me.

 

pubby