The case centers on roughly 385 accounts tied to the Trump Organization, Eric Trump and a collection of affiliated businesses — including a winery, a bottled-water company and a golf course developer — that banked with Capital One for more than a decade before the accounts were shut down in mid-2021.
In an amended complaint filed earlier in July, the Trump-affiliated companies insisted the closures had nothing to do with financial crime or money-laundering, but everything to do with politics.
The Trump Organization alleges Capital One moved to distance itself from Donald Trump after the Capitol riot and that the bank’s cited anti-money-laundering rationale was invented after the fact to cover for that decision.
Capital One has flatly denied those assertions, with its lawyers arguing in the new filing that the Trump’s theory rests on “cherry-picked quotations unsupported by the full context” of the bank’s own records, and that nothing in the complaint shows the anti-money-laundering explanation was a cover story.
Capital One more like Communism One
They’re a credit card company, being evil is their tagline. BUT, they’re the only ones saying out loud that trump is a money launderer. I’ll give them kudos for that.
More likely they just don’t want the liability from KYC regulations. They astutely recognize he might not be president one day, and there could be consequences for their actions.
