Corruption

“I’m the king of debt.”

Written by SK Ashby

According to financial disclosure forms released by the U.S. Office of Government Ethics, Trump owes over $300 million in debt including over $100 owed to Deutsche Bank.

The 98-page disclosure document posted on the ethics office's website showed liabilities for Trump of at least $130 million to Deutsche Bank Trust Company Americas [DBKGK.UL], a unit of German-based Deutsche Bank AG.

For example, Trump disclosed a liability to Deutsche exceeding $50 million for the Old Post Office, a historic Washington property where he has opened a hotel.

Deutsche Bank, as you may know, is widely assumed to be a depository for dirty Russian money and Deutsche Bank recently refused to cooperate with congressional investigators looking for information on Trump's account. More precisely, investigators want to know how much money Trump owes the Russians.

For reasons that should be obvious, the documents also show that business is booming at the Old Post Office (pictured above) and Trump's Mar-a-Lago resort in Florida.

We currently have no way of knowing how much money is being fed into these properties by lobbyists and foreign sources, but I suspect that may account for a majority of the new business.

A group of cities and states are currently suing over Trump's seemingly obvious violation of the Constitution's emoluments clause that forbids gifts from foreign governments.