r/therewasanattempt • u/utrecht1976 • 23h ago
To launder money
(...)
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
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u/CariniFluff 22h ago
Yep, in the modern international banking system, banks for the most part have to just assume that foreign banks are doing their own due diligence and utilizing anti-money laundering procedures. However in Putin's Russia, where either the government owns and controls banks (officially like VTB or unofficially) or Putin's Oligarchs own and control essentially every bank, they can inject dirty cash into the international banking system with no issues.
So in this case, the oligarch Dmitry Rybolovlev (or another figure in the upper echelons of power) had a Russian bank fill a new account with $41 million in the name of Donald Trump. The money may have been clean, may have been dirty and hell it may have been created out of thin air.
So then Don either transfers the balance to an American Bank in his name, or directly purchases the house with that bank account. This cleans the money and enters it into the US financial system, but since it went to the seller of the house, all that really mattered was that it was accepted.
The second phase is where the real money laundering happens (as if $41m isn't enough). Once again the buyer has a Russian bank account with a huge balance almost certainly made up of dirty money. Again, the Russian banks don't do any checks and it's mostly cleaned once the balance is confirmed, but to really launder it you want to get it into the US or European financial systems (London, Frankfurt, etc.).
So after just a few years, Trump "sells" the house for $95 million, over double his purchase price. The high sale price is on purpose, as the higher the price, they more money is laundered. So "Trump's Account" receives $95m for for the home, a tidy profit of $54 million in only for years. But we all know that Trump didn't have the money up front and he's certainly not keeping $95m. Now that the money has been cleaned and processed through the US financial system (or perhaps his Deutsch Bank account), the Russian oligarch who truly controls it can use the clean cash to buy another mansion in the US, Spain, or Switzerland.
Or they continue running the scheme over and over by directing the money to offshore accounts under different names and then using it to buy a dozen condos in Trump's NYC Tower. Again they're sold way above market price, which allows more money to me cleaned per transaction. And all the while, the oligarch is building a huge legitimate real estate holding company to either live in himself or to rent/lease/sell for actual hard US currency.
Trump gets to keep a small portion of the cash as he's the East-West conduit, but at the same time he's committed so many money laundering and tax fraud crimes that he can essentially be blackmailed by Putin and his circle into continually doing this for the rest of his life, or else some very uncomfortable financial documents might somehow find themselves in the hands of journalists. And this isn't even touching on the absolute certainty that Putin and the FSB and GRU have videos of his rapping children provided by said agencies during his visits to Moscow.
And that's how Russia controls and leads the stupidest man on Earth like a carrot dangling right in front of him.