Capital One says it closed Trump Organization accounts over money-laundering concerns (www.npr.org)

submitted 1 month ago by Midnitte@beehaw.org to c/usnews@beehaw.org

2 comments fedilink hide all child comments

Capital One bank has asked a federal judge to dismiss a lawsuit from the Trump Organization over the closure of hundreds of bank accounts back in 2021, arguing in new papers that the shutdowns were the product of a monthslong anti-money-laundering review — not retaliation for the Jan. 6 Capitol riot, as the Trump family businesses have claimed.

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.

top 2 comments

sorted by: hot top new old

[-] Midnitte@beehaw.org 5 points 1 month ago

385 accounts is crazy - dude is literally trying to run his "businesses" like Kingpin from Season 1 of Daredevil.

If I just make my accounts messy and confusing enough, they wont know all of the laws I break!

[-] Powderhorn@beehaw.org 2 points 1 month ago

"Shit. That's more single-family homes than I can own now."

this post was submitted on 02 Aug 2026

17 points (100.0% liked)

U.S. News

2739 readers

9 users here now

News about and pertaining to the United States and its people.

Please read what's functionally the mission statement before posting for the first time. We have a narrower definition of news than you might be accustomed to.

Guidelines for submissions:

Post the original source of information as the link.
If there is any Nazi imagery in the linked story, mark your post NSFW.
Advocating violence is not allowed on Beehaw in general.
If there is a paywall, provide an archive link in the body.
Post using the original headline; edits for clarity (as in providing crucial info a clickbait hed omits) are fine.
Social media is not a news source.

For World News, see the News community.

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 3 years ago

MODERATORS

alyaza@beehaw.org

rs5th@beehaw.org

Powderhorn@beehaw.org