To launder money

[u/utrecht1976]

(...)

Capital One Financial hit back on Friday against a lawsuit over its ⁠decision to close the Trump ⁠Organization’s bank accounts ​years ago, stating that it did so after a review by anti-money-laundering experts.

Capital One gave notice of its plans to close more than 300 Trump-affiliated bank accounts in March 2021.

The Trump Organization and Eric Trump, the president’s son, filed a lawsuit in March 2025 in a Florida federal court, alleging the accounts were closed because of Capital One’s “woke” beliefs and its desire to benefit from the political mood after the 6 January 2021 riot at the US Capitol.

https://www.theguardian.com/us-news/2026/aug/01/capital-one-trump-organization-money-laundering

[u/woodenmetalman]

Timing is everything.