Michael Cohen To Tell Congress About Trump Money Laundering

Rep. Jackie Speier (D-CA) suggested that one of the topics that one of the crimes that Michael Cohen is expected to testify about is Trump money laundering.

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Rep. Speier said on MSNBC’s The Beat with Ari Melber, “So what I’ve been told is that Mr. Cohen wants to tell his full story so it will probably be outside of the issues relative to the campaign in which he was directed to make these payments. But there are probably many other aspects of his ten years with Donald Trump that will come into focus whether it’s the Moscow hotel or the other various hotels in which Donald Trump invests in Toronto and Soho and in Panama. I mean I think what we’re really going to find over the long run is the money laundering that went on very intentionally by Donald Trump’s organization is probably what’s going to bring him down.”

Speier made it clear that she wasn’t confirming Trump money laundering, but that she believed that under the Foreign Corrupt Practices Act, Trump was laundering money.

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Rep. Adam Schiff (D-CA) had been saying long before he became the chairman of the House Intelligence Committee that he wanted to investigate Trump money laundering, so it is a certainty that Michael Cohen is going to be asked about Trump’s business dealings, and if the Trump Organization was laundering money for Russians.

No US bank would loan Trump money for his projects, so he had to be getting the cash from somewhere like Russia.

The Mueller investigation is not believed to be examining Trump money laundering, which makes this an area with no limit to how deep congressional investigators can dig.

Michael Cohen is going to have a lot to say to Congress when he starts talking in February, but one of the most damning areas for Trump will concern money laundering.

Trump’s day of public reckoning is coming next month.

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Jason Easley

Jason is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.

Awards and  Professional Memberships

Member of the Society of Professional Journalists and The American Political Science Association