Mueller Goes After Trump's Bank Accounts, Subpoenas Deutsche Bank

Special Counsel Robert Mueller has subpoenaed Deutsche Bank, demanding that it disclose details of transactions and documents on accounts help by President Trump and members of his family as the "Russian collusion" probe now turns its attention to Trump's bank accounts. According to Handelsblatt, which first reported the news, the bank received the subpoena several weeks ago. Trump has had a banking relationship with Deutsche Bank dating back nearly two decades and the German lender's $300 million loan accounts for nearly half of his outstanding debt (based on a July 2016 analysis by Bloomberg). Trump's debt to Deutsche includes $170m relating to a Washington hotel. 



The media is taking the Deutsche Bank news as a sign that Mueller’s investigation into alleged Russian interference in the 2016 alleged campaign is “deepening”. However, it was clear that a subpoena was coming more than four months ago (see below) and, besides Michael Flynn, Mueller’s investigation has included interviews with three other former Trump aides recently, former Chief of Staff Reince Priebus, former spokesman Sean Spicer and National Security Council chief of staff Keith Kellogg, according to people familiar with the investigation.

As Bloomberg adds, "the news comes as Mueller’s investigation appears to be entering a new phase, with Trump’s former national security adviser, Michael Flynn, pleading guilty Friday to lying to FBI agents, becoming the fourth associate of the president ensnared by Mueller’s probe. More significantly, he also is providing details to Mueller about the Trump campaign’s approach to Flynn’s controversial meeting with a Russian envoy during the presidential transition."

In June 2017, Deutsche Bank cited privacy laws for rejecting a request from US lawmakers to provide details of its relationship with Trump. The bank said that releasing information on Trump was illegal unless it received a formal request – hence the subpoena. The goal of the top Democrat on the House Financial Services Committee, Maxine Waters, had been to discover whether Russian entities had provided guarantees – or were connected in any way - to the loans to Trump or his family. According to The Guardian newspaper, Deutsche had conducted an internal investigation but.

The internal review found no evidence of any Russia link, but Deutsche Bank is coming under pressure to appoint an external and independent auditor to review its business relationship with President Trump.

A Deutsche Bank executive told Bloomberg that management was prepared to share information on its business dealings with Trump in the hope that it will end the series of inquiries. The news of the subpoena was expected.

In our July post, “Deutsche Bank Faces DOJ Subpoena Over Trump-Russia Probe", we noted the following:

Deutsche’s relationship with Trump and questions about hundreds of millions in loans have dogged the German bank and the White House for months, and now, 'according to sources' reported by The Guardian, Robert Mueller’s team and Trump’s bankers have established informal contacts and formal requests for information are forthcoming.

According to an analysis by Bloomberg, Trump now owes Deutsche, his biggest creditor, around $300m. He has four large mortgages, all issued by Deutsche’s private bank. The loans are guaranteed against the president’s properties: a new deluxe hotel in Washington DC’s old post office building, just around the corner from the White House; his Chicago tower hotel; and the Trump National Doral Miami resort.

The Guardian reports that executives inside Deutsche Bank, Donald Trump’s personal bankers, are expecting that the bank will soon be receiving subpoenas or other requests for information from Robert Mueller, the special counsel who is investigating possible collusion between the Kremlin and the Trump campaign.

As we further noted, other financial institutions with links to the Trump family were likely to receive requests for information from Mueller and his team. One of these is Bank of America, so we might see more news on subpoenas like the one issued to Deutsche Bank. In the meantime, the “balanced” media reporting continues. Here is Eugene Robinson, an opinion writer for the Washington Post, writing yesterday. 

We know that President Trump and his campaign either colluded with the Russian effort to undermine U.S. democracy or tried mightily to do so. We know that Trump has apparently obstructed justice to try to halt investigation into what happened. What we don’t know is whether Congress, in the end, will do its sworn duty to protect the Constitution.

We also don’t know what else special counsel Robert S. Mueller III might have discovered, especially about the Trump family’s international financial dealings. Or what Mueller might be learning from Trump’s former national security adviser, Michael Flynn, who pleaded guilty Friday to lying to the FBI and is cooperating with investigators. Or how far Trump, who is increasingly frantic, might yet go to squash the Mueller probe.

Robinson serves as chair for the Pulitzer Prize board, so it must be accurate.

Comments

CuttingEdge JimmyJones Tue, 12/05/2017 - 07:59 Permalink

Don Mueller Quixote tilting at Russian fucking windmills, and making US justice look crooked, partisan and downright banana-esque into the bargain.Let's see. Right now he has four or five Trumpites lying to the FBI. And he's only got that because that cunt Obama was running mass surveillance on the Trump campaign team. Well, whoopiefuckingdo, I reckon Inspector Clouseau would be an improvement, though not half as pathetically funny to observe.Total cost to the US taxpayer for his bullshit operation of Clintonistas, bearing in mind he is on $30k a day (allegedly)? A lot. Time Personality of the year? Seriously???Looks to me like the biggest fuckwit of the year.

In reply to by JimmyJones

swmnguy ParticularlySt… Tue, 12/05/2017 - 10:36 Permalink

The author of this piece either doesn't know, or doesn't think we know, that prosecutors give out plea deals AFTER they get the information from the defendant.  Not before.  So specific requests from DB from months back could very easily have come from information provided by Flynn in the negotiations which precede plea deals.The story of the day is pretty well-coordinated, with all the outlets singing the same tune.  Trouble is, the tune doesn't fit the way our legal system works.  But most of us in America don't understand how the legal system works anyway, so partisan gobbledygook is taken as being equally legitimate as anything else. 

In reply to by ParticularlySt…

caconhma IntercoursetheEU Tue, 12/05/2017 - 10:58 Permalink

Trump is a POS:  an incompetent buffoon, a shitty Tweeter, and a coward. Either Trump is a willing participant in this show or he is an idiot.It is well overdue to fire:

  • Mueller and his entire team
  • FBI top echelon with an anti-Trump bias
  • DoJ top echelon together with the DoJ Secretary and his assistants
  • Trump's personal lawyers
  • Ivanka and Kushner as his advisers

Trump forget about Flynn. Flynn is a no-good liar who was fired by you and by Obama. It is absolutely bizarre that a former Chief of US military intelligence and a US National Security adviser is a registered foreign agent! 

In reply to by IntercoursetheEU

nsurf9 CuttingEdge Tue, 12/05/2017 - 09:05 Permalink

Why is "best bud" Mueller still heading up this investigation to avenge Comey's firing and give cover to his own involvement in UraniumOne that benefitted Killary to the tune of over $100+ million from the russians?Wake the figgin-up ConGRESS and House of Reprehensibles - UNFUGING BELIEABLE!  Gees, where's that crazy pill clip!

In reply to by CuttingEdge

ParticularlySt… JimmyJones Tue, 12/05/2017 - 08:00 Permalink

Mueller's just made his biggest mistake. An act of desperation, it appears. Meanwhile the MSM ignores that Israel just got through attacking Syria unprovoked. Zerghedge admitted it, but didn't leak any new info that wasn't on RT. They never do have a novel angle or critique, thus hiding their true controllers, Moosad.

In reply to by JimmyJones

swmnguy ParticularlySt… Tue, 12/05/2017 - 09:19 Permalink

What's Mueller's big mistake?As for the MSM ignoring that Israel has committed yet another war crime, what else is new?  And the Trump Administration is planning to reward Israel's outlaw behavior by recognizing Jerusalem as the capital of Israel.  That action will further alienate every other ally the US still has left.  But it will make Kushner's handlers happy, and Kushner needs all the help he can get as his money problems and his dealings with organized crime figures (including but not limited to the Russian mob) are coming to light.

In reply to by ParticularlySt…

ParticularlySt… swmnguy Tue, 12/05/2017 - 09:36 Permalink

This is Mueller's biggest mistake. This. Precisely this. It's a laughably stupid mistake. Germany's spying is more invasive than many countries. There's certainly nothing there. What will Mueller have to say for himself, when he comes up empty-handed? Israel didn't commit a war crime. They committed an act of war. These are not synonymous.

In reply to by swmnguy

swmnguy ParticularlySt… Tue, 12/05/2017 - 10:41 Permalink

Mueller isn't investigating Russia's "stealing our election."  He's investigating the flow of undisclosed money.Sure, his initial brief was to investigate "Russian Interference," but once an investigation finds criminal behavior, the initial intent is out the window and the trail of evidence is to be followed wherever it leads.Sure, I'd believe the Germans are up to no good.  That's totally irrelevant to Mueller.  He's got people under indictment and pleading guilty to lying to cover up something related to money, so that's what he's going after.You're correct that this current Israeli action is an act of war and not a War Crime.  My mistake.  Israel has committed plenty of War Crimes which have been swept under the rug by US patronage, but this does not appear to be one of them.

In reply to by ParticularlySt…

LyLo swmnguy Tue, 12/05/2017 - 09:43 Permalink

See, you say that, but what the hell does Israel actually get for this?  They call their capital Jerusalem, as does every map in the Western world.  As far as I can tell, the group actually affected is Americans in Israel, as frankly who the hell else cares where the embassy is?  Yet, apparently, Muslims from far and wide do care...  Which is weird.  Doncha think?  Could you see where a 'normie' might be a little put off by that?Also, isn't Israel really the heart of these problems?  I mean, who the hell cares what all those other random countries say?  Isn't it awfully weird that we're getting more heat for moving a building to Jerusalem than Israel has gotten for the past decade for keeping Jerusalem?  Why was Erdogan talking about reconcilliation and how holy Jerusalem was only a few months ago, only to now call a mere symbolic gesture by an unrelated country a "red line?"I think I'm beginning to see what's happening here, based on the admin's previous moves. And it's goddamn genius.  

In reply to by swmnguy

swmnguy LyLo Tue, 12/05/2017 - 10:44 Permalink

Take a moment to elaborate, if you would.  I'm curious now.As with any move that's almost entirely symbolic, the psychology is the point and the key to it.  It's also crucial to understand who is the intended target of the psychology.  You're correct; I couldn't care less where Israel claims their capital is.  But a lot of people do care.  Is this targeted at the Muslim world?  Or is it targeted at the most extreme Zionists, who tend to live in the US, be very wealthy, and the most generous political campaign donors?  Everything else happening in the US seems targeted at the "Donor Class."  Might this be as well?

In reply to by LyLo

doctor10 wcole225 Tue, 12/05/2017 - 08:25 Permalink

One of these days it will dawn on President Trump that Hillary has been, and effectively, still is, the head of the FBI.  Until he figures that out-the circus keeps going.   HRC has ALL the dirt on Comey, Mueller, Wray, McCabe...Rodriguez...heck, prolly even Sessions.  What she says goes...even today

In reply to by wcole225

BarkingCat doctor10 Tue, 12/05/2017 - 10:36 Permalink

He should have asked Giuliani to be the AG. Better yet, my choice would have been Eliot Spitzer, the former State AG from New York. The New York bankers and Wall Street criminals took him down because he was going after them.They got him because he used services of a high priced call girl. They could not control him so they made that indiscretion public and forced him to resign. I do not care that a man pays $2,000 of his own money to fuck some escort.There are plenty in congress that pay as much and more,  using other people's money. Perhaps even taxpayer money. Appoint Eliot Spitzer the special prosecutor and send him after Hillary and Mueller.

In reply to by doctor10

The Chief The Alarmist Tue, 12/05/2017 - 08:16 Permalink

This whole charade now has turned into an attempt to get Trump to fire him, at which point it will become an even bigger shit show.What do we know about the judge(s) that approves these supeona requests? It makes no sense. Unlike the Clinton special counsel in the 1990's, the foundation of this circus is contrived. It also will end badly for the actors putting on the show. Badly, perhaps, is the understatement of the millennium.

In reply to by The Alarmist

NickyGall Tue, 12/05/2017 - 07:29 Permalink

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Here is an article that looks at how Russia is preparing to win the new Cold War: https://viableopposition.blogspot.ca/2017/11/how-russia-is-preparing-fo… While Washington fiddles with the current Russia-Trump links, Russia is militarily "in it to win it".

FORD_FIESTA TrajanOptimus Tue, 12/05/2017 - 07:47 Permalink

Where are the fucked up Officers in our fucked up military? Desk jockey cowards is about all we have now.I, _____, having been appointed an officer in the Army of the United States, as indicated above in the grade of _____ do solemnly swear (or affirm) that I will support and defend the Constitution of the United States against all enemies, foreign and domestic, that I will bear true faith and allegiance to the same; that I take this obligation freely, without any mental reservations or purpose of evasion; and that I will well and faithfully discharge the duties of the office upon which I am about to enter; So help me God."Washington is flooded with Treason and Sedition.

In reply to by TrajanOptimus