New IRS document show Trump's Taj Mahal casino broke anti-money laundering rules 106 times in the early 1990s | Welcome to Linda Ikeji's Blog

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Monday 22 May 2017

New IRS document show Trump's Taj Mahal casino broke anti-money laundering rules 106 times in the early 1990s

According to a newly released document by the IRS, in a 1998 settlement agreement, the Trump Taj Mahal casino broke anti-money laundering rules 106 times in its first year and a half of operation in the early 1990s.

Media reports have it that the documents and case is a bit of forgotten history that's buried in federal records held by an investigative unit of the Treasury Department, records that congressional committees investigating Trump's ties to Russia have obtained access to.
 
The casino repeatedly failed to properly report gamblers who cashed out $10,000 or more in a single day. Trump's casino ended up paying the Treasury Department a $477,000 fine in 1998 without admitting any liability under the Bank Secrecy Act.

The 1998 settlement was publicly reported at the time, and the Associated Press noted it was the largest fine the federal government ever slapped on a casino for violating the Bank Secrecy Act.

5 comments:

Anonymous said...

Linda I hope you don't die because of trump issue. Na wa oo

Anonymous said...

If only you can channel your energy to Nigeria issues

NaijaDeltaBabe said...

Hmmm


... Merited happiness

James Garnish said...

LOL Linda you have turned into the Nigerian branch of the Counterfeit News Network (sometimes known as CNN) always pushing and exaggerating every little negative news on Trump all in your pathetic attempt to bring down the peoples president. You will fail as usual, the immoral and gay loving democrat party will be out of power for the next 10 years at least. Look at you fools digging up information from 1990 to try and damage the president lol..so what is the senate committees business with these documents? are they going to say now that Trump has been coordinating with the Russians since 1998 to steal the election in 2016? LMAO you people should just accept defeat and plan for the next election instead of making fools of yourselves like this.

Anonymous said...

James don't mind them .. with their counterfeit news network and daily show with gay Noah

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