Donald Trump made tens of millions of dollars in profits by allowing Colombian drug cartels and other groups to launder money through a Trump-affiliated hotel in Panama, according to a new investigation by the organization Global Witness.
…The report said the drug cartels purchased hotel units to hide the origins of money earned through drug trafficking and other criminal activity, and Trump is estimated to have earned tens of millions of dollars from the deals.
…“Investing in luxury properties is a tried and trusted way for criminals to move tainted cash into the legitimate financial system, where they can spend it freely,” the report noted. “Once scrubbed clean in this way, vast profits from criminal activities like trafficking people and drugs, organized crime, and terrorism can find their way into the U.S. and elsewhere.”
…One of the men involved in the scheme was David Eduardo Helmut Murcia Guzmán, who a U.S. court subsequently sentenced to nine years in prison for laundering millions of dollars. Another was Alexandre Henrique Ventura Nogueira, who sold units at the Trump Ocean Club and later admitted that some of the people he did business with were members of the Russian mafia.
Trump family members were allegedly involved in directly managing the Panama project.