Haitian gov't claims ousted dictator Baby Doc Duvalier laundered stolen money through Trump Tower

Haitian government claims ousted dictator ‘Baby Doc’ Duvalier laundered stolen money through Trump Tower




https://www.rawstory.com/2018/01/haitian-government-claims-ousted-dictator-baby-doc-duvalier-laundered-stolen-money-through-trump-tower/#.Wlj2NSbIlsI.twitter

President Donald Trump insulted Haiti during an Oval Office meeting with lawmakers, but he once signed off on a shady real estate deal with the nation’s ousted dictator. More than a fifth of Trump’s condominiums in the U.S. have been purchased since the 1980s in secretive cash transactions that fit a Treasury Department definition of suspicious transactions, reported Buzzfeed News.

Records show more than 1,300 Trump condos were purchased through shell companies, which allow buyers to shield their finances and identities, and without a mortgage, which protects buyers from lender inquiries. Those two characteristics raise alarms about possible money laundering, according to statements issued in recent months by the Department of Treasury, which has investigated transactions just like those all over the country.


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According to the Buzzfeed News report, the Haitian government complained in the 1980s that former dictator Jean-Claude Duvalier laundered money stolen from the Caribbean nation’s treasury by purchasing an apartment in Trump Tower.

Duvalier, nicknamed “Baby Doc,” was overthrown in 1986, but three years earlier used a Panamanian shell company called Lasa Trade and Finance to buy apartment 54-K in Trump’s Manhattan tower for $446,875 cash.

Trump, the future U.S. president, signed the deed of sale.


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