Democrat Senator Shining Light on Trump 'Suspicious' Real Estate Deal with Russian Oligarch - ProgressTribune.com
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Democrat Senator Shining Light on Trump ‘Suspicious’ Real Estate Deal with Russian Oligarch

Recently a Democratic Senator called for the Treasury Department to produce records concerning President Trump’s sale of a Palm Beach estate that he bought for $41 million and sold to a Russian oligarch for $95 million just four years later.

“It is imperative that Congress follow the money and conduct a thorough investigation into any potential money laundering or other illicit financial dealings between the president, his associates, and Russia,” said Senator Ron Wyden, an Oregon Democrat, reported ABC on Friday.

Wyden, who is on the Senate Intelligence Committee that is looking into the treasonous collusion between the Trump campaign and Russia, reported that the transaction between Donald Trump and oligarch Dmitry Rybolovlev is being investigated by special counsel Robert Mueller.

In the request, Senator Wyden noted that the suspicious nature of the 2008 sale, which came just a few months after Trump Entertainment Resorts filed for Chapter 11 bankruptcy, and as the then–real estate mogul was having major problems finding banks willing to lend to him.

In the past, Trump has attributed the high markup to multiple renovations that were made to the property, which he bought when after the last owner filed for bankruptcy.

“What do I have to do with Russia?” Trump said to a reporter in 2016. “You know the closest I came to Russia, I bought a house a number of years ago in Palm Beach, Florida…for $40 million, and I sold it to a Russian for $100 million including brokerage commissions.”

Both the Trump Organization and Treasury Department have yet to comment on Wyden’s request.

Wyden has asked for the Treasury Department Suspicious Activity Reports regarding the transaction, which are always filed when officials suspect money laundering, and the information on who bought the estate when it was sold in separate lots by Rybolovlev to several buyers operating through offshore companies.

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