Trump Organization Sues Capital One for Closing Its Accounts
President Trump’s family business sued Capital One on Friday for “unjustifiably terminating” more than 300 of its bank accounts after the Jan. 6, 2021, attack on the Capitol, the latest sign that the president and his allies are seeking retribution against those who once shunned them.
In a complaint filed in state court in Florida, the Trump Organization accused the bank of arbitrarily closing its accounts in June 2021 in violation of various consumer protection laws. The accounts held millions of dollars at the time, according to the lawsuit.
“By filing this lawsuit, we seek to hold Capital One accountable for the millions of dollars in damages they caused, not just to our company, but to the many dozens of properties, hundreds of tenants and thousands of Trump Organization employees who relied on these accounts for their livelihoods,” the company said in a statement.
The bank, one of the largest financial institutions in the United States, did not provide a reason at the time for closing the accounts, the lawsuit said.
But in the aftermath of Jan. 6, when Mr. Trump’s supporters stormed the Capitol, a number of financial institutions cut ties with his family’s real estate business. The group’s lawsuit against Capital One could portend similar actions against other banks.
“More to come,” Eric Trump, one of the plaintiffs and the leader of the Trump Organization, said in a statement on Friday.
The legal action coincides with his father’s broader campaign to exact revenge on perceived enemies.
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Non-governmental Trump News
Trump Family Discussing Deal With Crypto Firm That Pleaded Guilty to Money Laundering, as Founder Seeks Pardon
Representatives from President Trump’s family have been in talks about investing in the U.S. branch of Binance, a cryptocurrency exchange. This company pleaded guilty to money laundering in 2023.
At the same time, Binance’s founder, Changpeng Zhao, also known as CZ, is pushing for a pardon from President Trump. Zhao, who is the largest shareholder of Binance, spent four months in prison after admitting to charges related to the money laundering case.
As reported by The Wall Street Journal, Binance has been trying to rebuild its presence in the U.S. by reaching out to Trump’s allies, hoping to secure a business deal with the Trump family.
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Representatives from President Trump’s family have been in talks about investing in the U.S. branch of Binance, a cryptocurrency exchange. This company pleaded guilty to money laundering in 2023.
At the same time, Binance’s founder, Changpeng Zhao, also known as CZ, is pushing for a pardon from President Trump. Zhao, who is the largest shareholder of Binance, spent four months in prison after admitting to charges related to the money laundering case.
As reported by The Wall Street Journal, Binance has been trying to rebuild its presence in the U.S. by reaching out to Trump’s allies, hoping to secure a business deal with the Trump family.
Click on the link for the full article
Trump got his Adams' charges dropped, so now he wants something in return:
Trump Org Presses Eric Adams For Rights To Central Park Ice Rink After City Hall Spurned Nonprofit Gift
The Trump Organization is aggressively lobbying the office of Mayor Eric Adams to win its bid to run Central Park’s Wollman Rink, two sources familiar with the matter confirmed to THE CITY — squeezing Adams to award a contract even as President Donald Trump’s Justice Department moves to dismiss the mayor’s corruption case.
The city put out a solicitation for bids just days after Trump won reelection in November. The opening for Trump to run the coveted rink also came just weeks after the nonprofit Central Park Conservancy had offered to give the city $120 million to replace the rink and fix up part of the park.
Deputy Mayor Meera Joshi and Parks Commissioner Sue Donoghue didn’t take the gift offer — and didn’t respond to the conservancy’s followup. After ghosting the conservancy, the Department of Parks and Recreation put up a public notice the morning of Nov. 13 seeking bids to operate the rink.
Within hours, a Trump Organization executive was quoted as stating the company intended to pursue the contract — suggesting advance knowledge of the bid opportunity.
If City Hall awards the Wollman Rink concession to the Trump Organization, the president’s family business, it would link the popular tourist destination at the foot of the iconic park to the Trump name once again.
Trump has used Wollman Rink for years to burnish his claim that he is a brilliant businessman.
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Trump Org Presses Eric Adams For Rights To Central Park Ice Rink After City Hall Spurned Nonprofit Gift
The Trump Organization is aggressively lobbying the office of Mayor Eric Adams to win its bid to run Central Park’s Wollman Rink, two sources familiar with the matter confirmed to THE CITY — squeezing Adams to award a contract even as President Donald Trump’s Justice Department moves to dismiss the mayor’s corruption case.
The city put out a solicitation for bids just days after Trump won reelection in November. The opening for Trump to run the coveted rink also came just weeks after the nonprofit Central Park Conservancy had offered to give the city $120 million to replace the rink and fix up part of the park.
Deputy Mayor Meera Joshi and Parks Commissioner Sue Donoghue didn’t take the gift offer — and didn’t respond to the conservancy’s followup. After ghosting the conservancy, the Department of Parks and Recreation put up a public notice the morning of Nov. 13 seeking bids to operate the rink.
Within hours, a Trump Organization executive was quoted as stating the company intended to pursue the contract — suggesting advance knowledge of the bid opportunity.
If City Hall awards the Wollman Rink concession to the Trump Organization, the president’s family business, it would link the popular tourist destination at the foot of the iconic park to the Trump name once again.
Trump has used Wollman Rink for years to burnish his claim that he is a brilliant businessman.
Click on the link for the full article