Capital One says Trump Organization accounts were closed after money laundering review
Summary
Capital One’s lawyers asked a federal judge to dismiss a lawsuit filed by President Trump’s trust. The bank said it closed Trump Organization accounts after specialists raised concerns about possible money laundering.Key Facts
- Capital One closed accounts linked to the Trump Organization several years ago.
- The closure happened because experts raised concerns about potential money laundering.
- Lawyers for Capital One are asking a judge to throw out a lawsuit from President Trump’s trust.
- The lawsuit was filed against Capital One due to the account closures.
- Donald Trump Jr. and Eric Trump are leading the legal team for the Trump Organization.
- The case is taking place in a federal court.
- Capital One says it acted based on legal and regulatory advice.
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