Possible money laundering alleged in sales of Trump properties – U.S. Rep. Schiff

WASHINGTON, (Reuters) – Testimony to the U.S. Congress by the head of a research firm indicates that the Trump Organization’s sales of properties to Russian nationals may have involved money-laundering, the top Democrat on the House Intelligence Committee said yesterday.

Representative Adam Schiff made his comments after the committee released the transcript of a Nov. 14 closed-door interview with Glenn Simpson, a founder of Fusion GPS.

“Those transcripts reveal serious allegations that the Trump Organization may have engaged in money laundering with Russian nationals,” Schiff said.

The House of Representatives panel is conducting one of the three congressional investigations into possible collusion between U.S. President Donald Trump’s 2016 campaign and Russia. Special Counsel Robert Mueller is leading a separate probe by the U.S. Justice Department.

In his testimony, Simpson said that his firm closely examined sales of condominiums in Trump properties in New York, Miami, Panama City and Toronto.

“There were a lot of real estate deals where you couldn’t really tell who was buying the property,” Simpson said. “And sometimes properties would be bought and sold, and they would be bought for one price and sold for a loss shortly thereafter, and it really didn’t make sense to us.”

“We saw patterns of buying and selling that we thought were suggestive of money-laundering,” he continued.

Earlier this month, Democratic U.S. Senator Dianne Feinstein released Simpson’s testimony before the Senate Judiciary Committee, where she is the ranking Democrat. The panel’s Republican chairman, Chuck Grassley, had not agreed to the release.

Fusion GPS, based in Washington, hired former British spy Christopher Steele to investigate Trump’s business dealings with Russia.

Trump has repeatedly criticized the dossier, which was based on Steele’s investigation, calling it “bogus” and “discredited and phony.”

Some Republicans critical of Mueller’s investigation into possible collusion between the Trump campaign and Russian officials have claimed that Steele’s dossier triggered the initial probe by the Federal Bureau of Investigation.

They have raised questions about whether the FBI may have relied on the Steele document to improperly obtain surveillance warrants to spy on Trump’s campaign associates.

The testimony by Fusion GPS’s Simpson before the Senate Judiciary Committee last August contradicted those claims.

Ever since Feinstein released the testimony on Jan. 9, House Intelligence Committee Democrats have been asking that Simpson’s testimony to their committee be made public.

Russia has denied interfering in the election and Trump has denied any collusion.

Comments  

U.S. students protest gun laws, Trump considers arming teachers

WASHINGTON/TALLAHASSEE, Fla., (Reuters) – Students galvanized by the deadly mass shooting at a Florida high school confronted lawmakers yesterday with demands to restrict sales of assault rifles, while President Donald Trump suggested arming teachers as a way to stop more U.S.

Venezuelans report big weight losses in 2017 as hunger hits

CARACAS,  (Reuters) – Venezuelans reported losing on average 11 kilograms (24 lbs) in body weight last year and almost 90 percent now live in poverty, according to a new university study on the impact of a devastating economic crisis and food shortages.

Pakistan Supreme Court rules ousted PM Sharif cannot lead his party

ISLAMABAD,  (Reuters) – Pakistan’s Supreme Court on Wednesday ordered that ousted prime minister Nawaz Sharif be removed as head of the political party he founded, six months after the court disqualified him as the country’s leader over unreported income.

U.S. top court forbids seizure of ancient Persian artifacts

WASHINGTON,  (Reuters) – The U.S. Supreme Court on Wednesday ruled that Americans injured in a 1997 suicide bombing in Jerusalem cannot seize ancient Persian artifacts from a Chicago museum to satisfy a $71.5 million court judgment against Iran, which they had accused of complicity in the attack.

Mueller ups pressure on Trump campaign aides with new charge

WASHINGTON,  (Reuters) – U.S. Special Counsel Robert Mueller yetserday stepped up pressure on two former Trump campaign aides to cooperate in his probe into possible collusion with Russia, unsealing a criminal charge against a lawyer for lying to Mueller’s investigators.

Your browser is out-of-date!

Update your browser to view this website correctly.

We built stabroeknews.com using new technology. This makes our website faster, more feature rich and easier to use for 95% of our readers.
Unfortunately, your browser does not support some of these technologies. Click the button below and choose a modern browser to receive our intended user experience.

Update my browser now

×