General Discussion
In reply to the discussion: Daily Kos: Donald Trump was bailed out of bankruptcy by Russia crime bosses [View all]moniss
(4,167 posts)do everything through a "friendly" bank like Deutsche Bank that turns it's head and pretends not to see. Actually once the first transactions are made through DB then another "clean" property is purchased for a legit price using a line of credit from another bank. After a short while you "pay" the note off using a funds transfer from DB to the second "friendly lender". Now you own a multi-million dollar asset free and clear and you go to a more "legit" bank like Chase or BOA (yes I know that both have been caught laundering money as well but they aren't quite as far into the criminal class as DB) and you arrange either a sale or you get a line of credit and take the money that way. It should also be noted that reporting requirements on loans are different, as near as my old head remembers, than cash withdrawals. Also they can use "friendly" brokerage firms on Wall Street who will accept assets as collateral and then allow you margin accounts etc. Once you have that you can easily engage in buying and selling speculative investments originating or ending in countries and various financial institutions all over the world. Currencies, commodities etc. are typically used. Within a few days the transactions are so broken apart from the original and so complicated that tracing them back with certainty can be difficult. This modern world of financial criminality is really accomplished because, along with those willing to look the other way, all you really need to do is get electronically stored numbers from one computer to another and another. Once that's done it's just a matter of keeping yourself in countries that don't extradite or ask too many questions as long as the man in charge gets paid. You pay others to do your dirty work. Like Gooliani and Maria Butina.