Bloomberg Admits: We Goofed on Trump-Russia

Posted December 08, 2017

Special prosecutor Robert Mueller zeroed in on President Donald Trump's business dealings with Deutsche Bank AG as his investigation into alleged Russian meddling in US elections widens.

Mueller has asked Germany's largest bank for data on accounts held by President Trump and his family, according to Reuters.

"Special prosecutor Robert Mueller zeroed in on President Donald Trump's business dealings with Deutsche Bank as his investigation into alleged Russian meddling in US elections widens", read the lede. In fact, the president publically said to ...

Sarah Huckabee Sanders, the White House press secretary, insisted the Bloomberg report was wrong at her Tuesday press briefing. U.S. investigators are demanding that it provide information on dealings linked to the Trumps, sources familiar with the matter told Handelsblatt.

The New York Times has reported that bank regulators were reviewing hundreds of millions dollars worth of loans that Donald Trump's businesses had with Deutsche Bank, Germany's largest.

On Wednesday, the Wall Street Journal provided more context on the request, reporting that the subpoena concerned "people or entities affiliated with" the president, not Trump himself.

A source close to Deutsche Bank said the bank had run checks on Trump's financial dealings with Russian Federation.

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Deutsche Bank has been served.

Deutsche Bank has loaned the Trump Organization millions for real-estate ventures. Representative Maxine Waters of California and other Democrats have asked whether the bank's loans to Trump, made years before he ran for president, were in any way connected to Russian Federation.

President Donald Trump (L) shakes hands with James Comey, former director of the Federal Bureau of Investigation (FBI), during an Inaugural Law Enforcement Officers and First Responders Reception in the Blue Room of the White House on January 22, 2017 in Washington, DC.

Trump told the New York Times this past summer he would consider it a "violation" if Mueller were to expand the probe beyond Russian Federation.

"I think that's a violation", Trump told the paper. "And a $170 million loan to finish his hotel in Washington in the old post office tower". But that's where this story gets interesting: After a judge ordered Trump to repay the money he owed Deutsche Bank, Trump did it using money he borrowed from. Trump sued the bank and other lenders in 2008, demanding $3 billion in damages, claiming they broke agreements in the construction and financing of a Chicago hotel.

During his election campaign, Mr Trump said he would seek to improve ties with Russian President Vladimir Putin, which were strained during former president Barack Obama's administration. Papadopoulos pleaded guilty. Manafort and Gates pleaded not guilty.