Here we go.

We have long noted that Trump has done more to protect his personal financial history that even his flings with porn stars. Trump can withstand the story about sex with a porn star (he might be proud of it), but he may well not be able to withstand someone looking closely at his financial arrangements. People have long-thought that Trump’s personal financial dealings represented his biggest risk.

According the NY Times,

Deutsche Bank has opened an internal investigation into the longtime personal banker of President Trump and his son-in-law, Jared Kushner, over a 2013 real estate transaction between the banker and a company part-owned by Mr. Kushner.

In June 2013, the banker, Rosemary Vrablic, and two of her Deutsche Bank colleagues purchased a Park Avenue apartment for about $1.5 million from a company called Bergel 715 Associates, according to New York property records.

Mr. Kushner, a senior adviser to the president, disclosed in an annual personal financial report late Friday that he and his wife, Ivanka Trump, had received $1 million to $5 million last year from Bergel 715. A person familiar with Mr. Kushner’s finances, who wasn’t authorized to speak publicly, said he held an ownership stake in the entity at the time of the transaction with Ms. Vrablic.

We don’t have the means to evaluate the specifics or the level of exposure here, but it doesn’t sound good. Moreover, if the bank finds that Vrablic hid irregularities, it could lead to a much bigger investigation into her practices which have long been suspect.

There are all kinds of issues in the matter noted above. Bank employees are generally prohibited from doing personal business with clients, Jared didn’t report his stake in the building, and most damning, Trump and Kushner have gotten hundreds of millions of dollars in loans from Deutsche with no real “backing” that anyone can discern. The rumor has long been that the backing is the Russian mob, meaning that the money comes from the Russian mob, goes through Deutsche bank and to the Trumps, “laundered.” That’s a theory.

It is a theory that has always represented a huge threat throughout Trump’s presidency. Perhaps it is about to happen. The timing of the leak is interesting, yes?

****

Peace, y’all
Jason
[email protected] and on Twitter @MiciakZoom