Billionaires don’t usually become billionaires as a result of being a model citizen. That’s just the way things are.
In most cases, a bunch of unethical behavior happens in order for a person to generate that much cash, albeit not all.
However, Donald Trump will certainly be in the former category, not the latter.
As we have seen in the first few months of his presidency, and certainly throughout his campaign, Trump is a bottom feeding snake.
Now we are learning that a fine was assessed against Trump’s Taj Mahal casino for money laundering.
In March of 2015, President Trump’s Taj Mahal Casino Resort was fined $10 million by the Financial Crimes Enforcement Network for “willful and repeated violations of the Bank Secrecy Act (BSA).”
A statement issued by the Treasury Department explained that the Trump Taj Mahal Resort had “admitted to several willful BSA violations.” The following were included in these violations:
‘Violations of AML program requirements, reporting obligations, and recordkeeping requirements.’
The statement also points out that the resort had “a long history of prior, repeated BSA violations cited by examiners dating back to 2003.” FinCen also fined the resort $477,700 in 1998 for “currency transaction reporting violations.”
FinCen Director Jennifer Shasky Calvery said about the situation:
‘Trump Taj Mahal received many warnings about its deficiencies. Like all casinos in this country, Trump Taj Mahal has a duty to help protect our financial system from being exploited by criminals, terrorists, and other bad actors. Far from meeting these expectations, poor compliance practices, over many years, left the casino and our financial system unacceptably exposed.’
So they are basically saying that a money laundering felon is running the country…..just WOW!
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