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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsEx-Deutsche Bank Exec: Bank May Have 'Destroyed' All Evidence Of Trump's Tax Returns
From October, but just a reminder. I guess we'll see who is telling the truth.
https://politicaldig.com/ex-deutsche-bank-exec-bank-may-have-destroyed-all-evidence-of-trumps-tax-returns/
Ex-Deutsche Bank Exec: Bank May Have Destroyed All Evidence Of Trumps Tax Returns
by Bruce White
Oct 12, 2019
The Second Circuit Court of Appeals has been attempting to make Donald Trumps tax returns public and have been investigating Deutsche Bank to do so. But now, according to a former Deutsche Bank executive, the bank may have destroyed physical copies of Trumps tax returns after they told the court that it no longer had them.
The Second Circuit Court of Appeals on Thursday rejected the outlets motion, revealing that the bank had informed the court that the only tax returns it has for individuals and entities named in the subpoenas are not those of the president.
But current and former bank officials told The New York Times that Deutsche Bank had portions of Trumps personal and corporate tax returns.
Trump had relied on Deutsche Bank for loans for years after other financial institutions balked at doing business with his company after a series of defaults and bankruptcies.
Some of those records were obtained from Trump in 2011 when its private banking arm took on Trump as a client. A number of former bank executives reviewed the tax returns, bank officials told the outlet.
And just like Trump relied on Deutsche, Deutsche relied on information contained in the tax returns when it approved a series of loans to Trump in 2012, according to the Times.
David Enrich, the New York Times finance editor who spoke with the current and former bank officials, wrote that the bank apparently got rid of Trumps tax returns even though officials say that it was normal procedure at the bank to retain such records.
When Enrich reached out to a former Deutsche Bank executive who had reviewed Trumps tax returns about the banks claim that it no longer had the documents, the executive replied, Holy f**k, according to a screenshot of a text message exchange posted to Twitter.
The former executive suggested that the bank either returned any physical copies or destroyed any physical copies under an agreement with a client and cleansed their servers.
Not normal though, the executive added.
Botany
(70,614 posts)Under Putin's orders no doubt.
safeinOhio
(32,736 posts)Good reason to subpoena them now.
Maraya1969
(22,507 posts)if not the IRS?
WheelWalker
(8,956 posts)you suspect bank fraud and/or tax fraud. Two (or more) sets of books = two (or more) versions of his tax returns?
Pacifist Patriot
(24,654 posts)It is extremely difficult to destroy ALL evidence when it comes to the documentary kind. Like virtually impossible. Copies may be way more difficult to find, but I can almost guarantee that somewhere in physical and/or digital form...the information still exists.
lagomorph777
(30,613 posts)So yeah, who knows how many digital copies are floating around in their servers - and elsewhere.
Pacifist Patriot
(24,654 posts)Or perhaps that was speculation. The way it was phrased in the story was odd in a couple of ways.
At any rate, it seems more like DB is trying to find a way to not be involved and cover their own asses rather than protect Trump in any way. A "we don't have anything to turn over, go look over there" kind of thing. Which may buy them some time, but won't save them trouble in the long run.
lagomorph777
(30,613 posts)They're already on thin ice.
Pacifist Patriot
(24,654 posts)uponit7771
(90,367 posts)triron
(22,026 posts)rainin
(3,011 posts)https://www.alternet.org/2019/11/deutsche-bank-executive-who-signed-off-on-trump-loans-commits-suicide/
Isn't this the 3rd suicide of Deutsche Bank executives? I've lost count.
DB may protect the Russian Asset, cough cough, the pResident at all costs.
The_Counsel
(1,660 posts)And wouldn't destruction of tax records--accidental or not--in itself be a crime?
We really need to fix our government PDQ. Too many white-collar crooks breaking laws whenever with impunity....
SWBTATTReg
(22,176 posts)the IRS needs to cough them up.
abqtommy
(14,118 posts)be "Rechtsbehinderung", FYI. Bet you did nazi that coming!
https://en.bab.la/dictionary/english-german/obstruction-of-justice