Trump Made Millions of Dollars From Drug Money Laundering in Panama: Report

Trump Made Millions of Dollars From Drug Money Laundering in Panama: Report

President Donald Trump made tens of millions of dollars in profits by allowing Colombian drug cartels and other groups to launder money through a Trump-affiliated hotel in Panama, according to a new investigation by the organization Global Witness.

In the early 2000s, Trump was having financial difficulties and began selling his high-profile name to real estate developers around the world, the report said. One of these developed Panama’s Trump Ocean Club International Hotel and Tower.

The report said the drug cartels purchased hotel units to hide the origins of money earned through drug trafficking and other criminal activity, and Trump is estimated to have earned tens of millions of dollars from the deals.

via Newsweek Trump Made Millions of Dollars From Drug Money Laundering in Panama: Report

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