Deutsche Bank has begun an investigation into the longtime personal banker of Donald Trump and son-in-law Jared Kushner for her purchase of a New York condo from a company partly owned by Kushner, according to two news reports.
The first daughter and Kushner received $1 million to $5 million from Bergel 715 in 2019, according to the couple’s required financial disclosures, which they filed Friday. It was the first time Bergel had appeared in their filings. “The bank will closely examine the information that came to light on Friday and the [facts] from 2013,” bank spokesman Daniel Hunter said in a statement after learning of the Kushner connection to the condo.
Story continuesTrump borrowed $175 million for his Trump National Doral golf resort in Florida, and for the Trump International Hotel & Tower in Chicago in 2012. The bank later financed the Trump International Hotel in Washington, the Times reported. Deutsche Bank was fined a total of $630 million in 2017 in the U.S. and Britain over a $10 billion Russian money-laundering scheme. It was recently hit with a $150 million penalty for the bank’s lack of oversight in dealings with the late sex offender Jeffrey Epstein.
David Enrich, a Times business reporter who recently wrote a book on Deutsche Bank, “Dark Towers,” told NPR that the bank has been “worried” about a situation like this.
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