Capital One Shuts Down Over 300 Trump Organization Accounts in Move Seen Against Money Laundering: Court Docs

[iemanja]

Capital One has reportedly closed more than 300 accounts belonging to the Trump Organization as well as various accounts belonging to numerous Trump family members, according to legal filings. The accounts affiliated with the Trump Organization held millions of dollars belonging to them and their affiliated entities.

The Trump Organization has accused the bank of “egregious conduct” for shutting down these accounts. The legal documents claim that Capital One’s actions were a “clear attack on free speech and free enterprise,” which goes against the core freedoms that the U.S. stands for.

The practice of debanking is a measure used by banks to prevent money laundering. But the Trump Organization has accused banks of closing accounts for political reasons, with banks saying it’s to protect their reputation.

Trump's lawsuit: Wah wah wah. Poor me. Mean bank. Being a criminal is my first amendment right.

A Capital One spokesperson responded, saying, “Capital One has not and does not close customer accounts for political reasons.”

https://dailyboulder.com/capital-one-shuts-down-over-300-trump-organization-accounts-in-move-seen-against-money-laundering-court-docs/

[central scrutinizer]

1. Great!

Who’s in your wallet?

[Botany]

2. Something to do with Krasnov is illegal?

Boy that is a surprise.

[MLWR]

8. EVERYTHING to do with Krasnov is illegal.

FIFY

[Botany]

11. Well it is not like he stole money from kids with

cancer or from the widows and or families of
American Troops who got killed in Iraq or Afghanistan.

[red dog 1]

3. The Trump Crime Family won't like this.

[Irish_Dem]

4. How dare the banks stop Trump's criminal behavior.

[BidenRocks]

5. I have a Capital One card.

How long was Cap 1 looking the other way over these accounts?
Maybe I should cancel it?
What do you all think?

[iemanja]

6. If your goal is to show solidarity with Trump

Then cancelling it is the way to go.

[thesquanderer]

7. I bet Trump withdraws this lawsuit...

...because proceeding with it will involve a discovery process, where CapitalOne will probably need to show the evidence of his shady deals, which he will not want disclosed.

[Attilatheblond]

12. Yeah, he ALWAYS forgets that part

When he shoots off his mouth before any of his lawyers try to talk to him

[unblock]

9. This is old news, capital one debanked them right after J6. The recent news is the trump family is suing capital one

[iemanja]

10. The article, or at least the title, is then misleading

It's dated two days ago.

[unblock]

17. Yes, local headline writer botched it.

https://apnews.com/article/trump-bank-lawsuit-florida-28c05cfbf837b258b2018bfa3f02c0c4

Updated 7:01 PM EDT, March 7, 2025

MIAMI (AP) — A company owned by President Donald Trump sued Capital One on Friday, claiming the bank unjustifiably terminated over 300 of the Trump Organization’s accounts without cause in 2021, shortly after the Jan. 6 attack on the U.S. Capitol.

[iemanja]

18. It's interesting that they waited until now to file the suit

He's using the intimidation factor.

[unblock]

19. Yes, Donnie has always used the legal system corruptly

I'm sure it's corruption on steroids now

[Attilatheblond]

13. Thought he's been doing his buiness at the Bank of Vlad

[Dr. T]

14. Trump to Capital One:

"Nice bank you got there. It would be a shame if something were to happen to it." The Slobfather ain't gonna' like this.

But, money is the Orange Influenza's god. This will be interesting. Time to get some popcorn and watch the show.

[malaise]

15. This is huge K & R

for visibility

[COL Mustard]

16. Capitol One needs to keep Samuel L. Jackson as their spokesman.

"Money laundering, Mothafucker! Do you understand it?"

I know Pulp Fiction was a Weinstein movie but still one of the best!

[dchill]

20. "Being a criminal is my first amendment right."

Thanks SCOTUS. Money is speech - so nothing I do with it can be illegal!

[Jit423]

21. Switching my savings account to CapitalOne. nt