Executives at Trump development company expose Russia ties, money laundering

Recently Updated

Top Folders

Dates on Trump File reflect when something happens, not when it's first reported.

On May 10, two former executives at Bayrock Group file a lawsuit alleging that the company is owned by mafia members (Felix Sater and Tevfik Arif) with the sole purpose of money laundering and tax evasion.

According to a lawsuit filed [in 2010] by two former Bayrock executives, Arif started the firm “backed by oligarchs and money they stole from the Russian people.” In addition, the suit alleges, Bayrock “was substantially and covertly mob-owned and operated.” The company’s real purpose, the executives claim, was to develop hugely expensive properties bearing the Trump brand—and then use the projects to launder money and evade taxes.

New Republic

The list of claims include lying to investors, buyers, and lenders; using the organization for money laundering and tax evasion including paying millions to partners Felix Sater and Tevfik Arif under the table; operating on behalf of the mob or mafia; and creating multiple other businesses to expand operations beyond the Bayrock name.

The other businesses are Ocean Club, Merrimac, Camelback, Spring Street, and Whitestone. If the last name sounds familiar, that’s because it’s similar to White Rock, the illegal brokerage Felix Sater established to commit stock fraud.

Sources

https://newrepublic.com/article/143586/trumps-russian-laundromat-trump-tower-luxury-high-rises-dirty-money-international-crime-syndicate

https://casetext.com/case/kriss-v-bayrock-grp-llc-4

Photo: Patrick McMullan/Getty Images

Note From TF

Some Trump File posts are incomplete as the site is still young and Trump world moves fast. Please use the source links to read further if a topic interests you or if you doubt its authenticity. If a post does not have source links, it is an early draft and will be updated soon. I plan to go back and build on every post in the future.

If If there is content you'd like to add context to or something that should be corrected, please contact TF by clicking here or email us at trumpfile@protonmail.com. You can also find us on Twitter.

Support The Site:

Keep Reading

Recommended

Dates on Trump File reflect when something happens, not when it's first reported.

On May 10, two former executives at Bayrock Group file a lawsuit alleging that the company is owned by mafia members (Felix Sater and Tevfik Arif) with the sole purpose of money laundering and tax evasion.

According to a lawsuit filed [in 2010] by two former Bayrock executives, Arif started the firm “backed by oligarchs and money they stole from the Russian people.” In addition, the suit alleges, Bayrock “was substantially and covertly mob-owned and operated.” The company’s real purpose, the executives claim, was to develop hugely expensive properties bearing the Trump brand—and then use the projects to launder money and evade taxes.

New Republic

The list of claims include lying to investors, buyers, and lenders; using the organization for money laundering and tax evasion including paying millions to partners Felix Sater and Tevfik Arif under the table; operating on behalf of the mob or mafia; and creating multiple other businesses to expand operations beyond the Bayrock name.

The other businesses are Ocean Club, Merrimac, Camelback, Spring Street, and Whitestone. If the last name sounds familiar, that’s because it’s similar to White Rock, the illegal brokerage Felix Sater established to commit stock fraud.

Sources

https://newrepublic.com/article/143586/trumps-russian-laundromat-trump-tower-luxury-high-rises-dirty-money-international-crime-syndicate

https://casetext.com/case/kriss-v-bayrock-grp-llc-4

Photo: Patrick McMullan/Getty Images

NOTE FROM TF

Some files are incomplete as the site is still young and Trump world moves fast. Please use the source links to read further if a topic interests you or if you doubt its authenticity. I plan to go back and build on every file in the future.

If there is content you'd like to add context to or something that should be corrected, please contact us by clicking here or email us at trumpfile@protonmail.com

Support The Site:

Keep Reading

Recently Added & Updated

Keep Reading