Ex-Congressman's Russian Bank Loses License for Money Laundering

[PeeJ52]

Source: Bloomberg

A regional Russian bank owned by a former U.S. congressman had its license revoked Friday for violations that included breaking rules against money laundering.

Commercial Bank of Ivanovo, in which Republican former North Carolina Representative Charles Taylor owns an 80 percent stake, regularly broke anti-money laundering regulations, misrepresented the size of its provisions and used “schemes” to artificially inflate its capital, according to a central bank statement.

Read more: https://www.bloomberg.com/amp/news/articles/2019-04-05/ex-congressman-s-russian-bank-loses-license-for-money-laundering

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Gee, sounds a lot like tRump... What's with these Republicans and the Russians? Have they always been in bed together???

[marble falls]

1. I hope he loses his shirt, especially since he developed his scam out of his experience ...

as "he was part of the so-called Gang of Seven that investigated a House banking scandal that fueled the perception of corruption in the lower chamber and helped usher in a Republican majority."

[Lonestarblue]

2. Is there an elected Republican who isn't a crook?

I can’t seem to think of one at the moment.

[kag]

7. No. n/t

[Mc Mike]

3. The Koch bros' dad worked for Stalin. And Hitler.

He was a big time rightwing repug, like his boys are.

I'd like to see if this repug connects to tRump, directly.

[KayF]

4. they give licenses for money laundering?

[Fritz67]

5. I'm sure tRump will work feverishly to restore it.

And by "work feverishly" I mean demand Barr or Jared or somebody else work feverishly to do it.

[aggiesal]

6. I'm hoping ...

some of the Dolt45's Russian Campaign funding went through this bank!

[NCcoast]

8. From Wikipedia

"Taylor purchased the Commercial Bank of Ivanovo with a Russian partner, Boris Bolshakov, a former KGB colonel and Supreme Soviet deputy,[6] and Bolshakov's wife Marina.[8] Taylor owns 80 percent of the bank as well as Columbus, a Russian investment company.[16]"

[stuffmatters]

9. WTF! Outrageous! A US (Ex) Congressman owns a Russian Bank with an (Ex) KGB Agent!

[ck4829]

10. K&R