Maddow on Russians funneling millions to Trump and an open question

It was only yesterday that, of the President's cabinet appointees, Commerce Secretary Wilbur Ross seemed to have the most problematic Russian ties. - promoted by hesterprynne

Stop what you’re doing. Go watch Rachel Maddow untangle the wild connections in a real estate deal that netted Trump over $50 million.

I’ll wait

To recap:

  • Deutsche Bank gets into $630 million of hot water with Obama’s feds because of laundring Russian oligarchs’ money — moving $10 billion out of Russia
  • The head of Deutsche Bank ends up running the Bank of Cyprus, which is Russian oligarchs’ favorite bank
  • In 2004, Donald Trump buys a fabulously overwrought Palm Beach estate — Maison de l’Amitie – from the bankruptcy of tax-evading healthcare tycoon Abe Grosman for $40 million
  • At the same time, there’s a multi-billionaire Russian — Dmitry Rybolovlev, the Fertilizer King — trying to move his wealth into real estate trust to avoid paying some of his billions to his ex-wife
  • Rybolovlev happens to be one of two vice-chairmen of the Bank of Cyprus
  • In 2008, Rybolovlev buys Maison de l’Amitie from Trump for $95 million, 2-1/2 times more than Trump paid for it
  • Trump claims transaction happened without his ever meeting Rybolovlev
  • The other vice-chairman of the Bank or Cyprus, and the majority shareholder is Wilbur Ross, Trump’s just confirmed Commerce Secretary
  • At the time of the windfall from Rybolovlev, Trump was having very public problem making good on a $40 million loan from Deutsche Bank

Explosive, no? (A bullet list doesn’t do it justice. Watch the video.)

As many dots as Maddow connects, there’s one gaping hole in the narrative: why was Rybolovlev willing to overspend by as much as $60 million for a Florida estate? Moving money out of the way of the ex-wife doesn’t seem like sufficient motivation to give away tens of millions to not-yet-even-candidate Trump.

This must be connected to another deal (or deals). Some part of the overpayment bought somebody (maybe Rybolovlev) something other than a Xanadu of bad taste in South Florida. What did that extra money buy? Why wasn’t that investment made directly?

You know what might clear this up? Tax returns.

Recommended by fredrichlariccia, terrymcginty.



Discuss

3 Comments . Leave a comment below.
  1. I SMELLED A RAT...

    as I watched Rachel unwind the corruption with surgical precision. It was a beautiful thing to behold.

    There’s something rotten going on here and it’s NOT in Denmark !

    Fred Rich LaRiccia

  2. Really is worth watching

    The Trump-Deutsche Bank-Russia connection is pretty frightening.

  3. THE TANTRUM TWEETER

    attacked again yesterday to divert our attention from Russiagate.

    TT accused President Obama of tapping his phones before the election.

    What a moron.

    Fred Rich LaRiccia

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Sat 25 Mar 11:37 AM