A Trump associate who pleaded guilty to taking part in a mafia-related stock fraud scheme, is now cooperating with an international investigation into an alleged money laundering network.
Felix Sater, a Russian-born businessman, is “working with a team of lawyers and private investigators pursuing civil cases across three continents” against “a Kazakh family accused of pumping dirty money into US property,” sources familiar with the case told the Financial Times.
Sater’s financial relationship with Trump dates back to at least 2003, when the Trump Organization rented out office space to Sater’s former company.
According to the report, Trump tapped Sater in 2010 to scout out real estate. Additionally, Sater presented clients with business cards that claimed he was a senior adviser to Trump, and his office was on the same floor as Trump’s office in Trump Tower.
While Trump himself is not the target of this particular money laundering investigation, the Financial Times notes that “the eight-year investigation has already offered a rare glimpse of the inner workings of a US real estate market that US Treasury Department officials warn is awash with dirty money” and “has raised questions about what steps Mr. Trump has taken to check whether tainted funds are coursing through his properties.”
H/T: The Raw Story.