Reuters: Trump Ocean Club is associated with money laundering

Reuters: Trump Ocean Club is associated with money laundering

With the Trump Ocean Club International Hotel and Tower in Panama were associated brokers, buyers and investors, who are suspected of drug trafficking, money laundering and having links with criminal organizations in the former Soviet Union, according to an investigation by NBC News and Reuters.

A former employee of the Department for financial crimes in Panama, Maurizio Caballo, called the hotel «a machine for money laundering».

Reuters: Trump Ocean Club is associated with money laundering

Organization trump was not a developer and there is no evidence that members of the family of the current President was related to illegal activities or knew something about the criminal past of partners in the project. The company was engaged in brand licensing and management services.

Brazilian real estate salesman Alejandro Ventura Nogueira, who is accused of fraud, admitted to NBC News that he participated in a scheme to launder money. Trump, according to him, never asked questions about the buyers or the source of their income.

The Reuters believes that it is due to this broker Trump managed to create a successful international enterprise. Nogueira was responsible for a significant part of pre-sales of the project. After 3 years working with Trump Ocean Club, he was arrested by the Panamanian authorities on charges of fraud, which was not related to the Trumps. Nogeyra was released on bail of $1.4 million, after which the broker fled the country.

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The man denies any wrongdoing and told Reuters in an e-mail:

«I’m no angel, but no devil either.»

He stated that he personally did not launder money in the trump project. Did the partners and investors that have been associated with the Russian mafia.

Experts say that in this business there are still many questions. Arthur Middlemiss, a former assistant district attorney in Manhattan and former head of global anti-corruption program at JPMorgan, believes that anyone involved in business must exercise due diligence in respect of persons involved in their enterprises. If the person does not, then you should remember the possible consequences.

The daughter of Donald trump Ivanka said that their company did not participate in the financing of the project and was not involved in the transactions of the sale.

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