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In reply to the discussion: Holy Shite a guest just said that there is speculation that Don the Con [View all]csziggy
(34,136 posts)19. A DU post gave a link to court papers where Trump paid a massive penalty
Last edited Thu Aug 11, 2016, 03:11 PM - Edit history (1)
For illegal money transfers:
The Orange Sludge: Ripping people off and illegal money laundering
The court papers:
UNITED STATES OF AMERICA DEPARTMENT OF THE TREASURY FINANCIAL CRIMES ENFORCEMENT NETWORK
IN THE MATTER OF: Number 2015-02
Trump Taj Mahal Associates, LLC, d/b/a Trump Taj Mahal Casino Resort
Atlantic City, New Jersey
<SNIP>
II. DETERMINATIONS
Trump Taj Mahal willfully violated the BSAs program, reporting, and recordkeeping requirements from 2010 through 2012. Importantly, many of these violations were previously cited by IRS SB/SE in previous examinations of Trump Taj Mahal since 2003. As described below, Trump Taj Mahal (a) failed to implement and maintain an effective anti-money laundering program; (b) failed to report suspicious activity related to several financial transactions at the casino; (c) failed
to properly file Currency Transaction Reports; and (d) failed to keep appropriate records as required by the BSA and its implementing regulations.
<SNIP>
III.
CIVIL MONEY PENALTY
FinCEN has determined that Trump Taj Mahal willfully violated the program, reporting, and
recordkeeping requirements of the Bank Secrecy Act and its implementing regulations, as described in the CONSENT, and that grounds exist to assess a civil money penalty for these violations. U.S.C. § 5321 and 31 C.F.R. § 1010.820.
FinCEN has determined that the penalty in this matter will be $10,000,000.
https://www.fincen.gov/news_room/ea/files/20150302%20Assessment%20of%20Civil%20Money%20Penalty%20Trump%20Taj%20Mahal%20(post-approval%20by%20bankruptcy%20court).pdf
IN THE MATTER OF: Number 2015-02
Trump Taj Mahal Associates, LLC, d/b/a Trump Taj Mahal Casino Resort
Atlantic City, New Jersey
<SNIP>
II. DETERMINATIONS
Trump Taj Mahal willfully violated the BSAs program, reporting, and recordkeeping requirements from 2010 through 2012. Importantly, many of these violations were previously cited by IRS SB/SE in previous examinations of Trump Taj Mahal since 2003. As described below, Trump Taj Mahal (a) failed to implement and maintain an effective anti-money laundering program; (b) failed to report suspicious activity related to several financial transactions at the casino; (c) failed
to properly file Currency Transaction Reports; and (d) failed to keep appropriate records as required by the BSA and its implementing regulations.
<SNIP>
III.
CIVIL MONEY PENALTY
FinCEN has determined that Trump Taj Mahal willfully violated the program, reporting, and
recordkeeping requirements of the Bank Secrecy Act and its implementing regulations, as described in the CONSENT, and that grounds exist to assess a civil money penalty for these violations. U.S.C. § 5321 and 31 C.F.R. § 1010.820.
FinCEN has determined that the penalty in this matter will be $10,000,000.
https://www.fincen.gov/news_room/ea/files/20150302%20Assessment%20of%20Civil%20Money%20Penalty%20Trump%20Taj%20Mahal%20(post-approval%20by%20bankruptcy%20court).pdf
Emphasis added by me.
The DU post was yesterday - now MSM is finally noticing this court item which was dated over a year ago ( March 6, 2015)? Coincidence?
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Holy Shite a guest just said that there is speculation that Don the Con [View all]
malaise
Aug 2016
OP
No US bank will lend to Trump. Russian oligarchs (with various mob ties) might.
Bernardo de La Paz
Aug 2016
#1
Some people are saying Trump won't releases his taxes because he donates to NAMBLA.
trotsky
Aug 2016
#11
I think I saw that on Twitter. I'm not saying it's true, but it sure needs to be looked into.
Lochloosa
Aug 2016
#13
I believe I've been seeing it in many places. Definitely a huuuge cause for concern if it's true.
trotsky
Aug 2016
#15
I've been saying it's because of Russian mob links. But American mob links
kestrel91316
Aug 2016
#14