From Russia With Cash
Russian Money was pouring out of Russia into the US real estate market and Donald Trump was all about it. We follow the Russian money flowing into the Trump Organization, highlighting the shady cast of characters that surround Donald Trump and his businesses from the suspicious deals in the former Soviet Union, to “little Moscow” where Trump concentrated his properties in Florida, to the story behind Trump’s favorite bank. Trump may not have a lot of money in Russia but Russia sure has money in Donald Trump.
In this episode of The Asset, host Max Bergmann, the director of The Moscow Project, an initiative of the Center for American Progress Action Fund, shows how Trump changed his business model to tap into the Russian market. Suddenly the Trump Organization wasn’t really in the development business. It was in the real estate licensing business, hiring all sorts of shady brokers to help it tap into the Russian market.
Yet somehow after the worst real estate crisis since the Great Depression, Trump suddenly found himself with loads of unexplained cash. Trump went into the worst real estate market in real trouble and comes out on the other side able to spend absurd amounts of cash on golf courses, as well as having a new line of credit from Deutsche Bank, a bank that had just sued him for defaulting on his loans. This does not add up. Except, in many ways, it does. It just requires factoring in Russia.
The Asset tells the full story of Trump and Russia. Each week, we will examine the colorful characters and dirty deals that populate the story of how Russia helped the son of a shady real estate mogul became President of the United States.
Left Photo: Getty Images/Jamie Squire. Right Photo: Getty Images/Mikhail Svetlov.