Deutsche Bank Whistleblower: Russian State-Owned Bank Underwrote Trump's Loans

Darren.Woon

A Deutsche Bank whistleblower released documents that show that a Russian-owned bank underwrote Trump's loans.

A vast collection of thousands of bank documents and internal communications have revealed that Russian state-owned VTB Bank underwrote Deutsche Bank’s loans to Donald Trump, according to Forensic News

Val Broeksmit, son of Deutsche Bank executive William S. Broeksmit, acquired the emails and files from his late father after he took his own life in 2014.

Val then informed the FBI in late 2019 about his knowledge of VTB’s underwriting of Trump’s loans.

“The Russian state bank VTB underwrote loans to Donald Trump via Deutsche Bank. Over the course of Trump’s relationship with DB, an inordinate amount of questionable, mismanaged & risky loans approved by Deutsche Bank to Trump required his Personal Guarantee which, over time, also lost its value,” Val Broeksmit said in a statement. 

“Trump’s team at DB sought out creative ways to circumvent the varied protections DB’s compliance team institutionally implemented, & whether by happenstance or by design Trump’s loans became underwritten by Russia’s own VTB. I informed the FBI of this in 2019,” he continued. 

VTB (Vneshtorgbank) is one of the largest banks in Russia, and is majority owned by the state. It was placed on a sanctions list by the U.S. and the European Union in July 2014 as punishment for Russia’s invasion of Ukraine.

The documents that Val made public remain in the hands of federal investigators, who have bolstered cases against Deutsche Bank executives overseas, resulting in millions of dollars in fines and prison sentences.

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