…or, more accurately wannabe Teflon Donald, and the Russian mobsters that used the Taj in AC as a dirty money laundromat…https://newrepublic.com/article/143586/trumps-russian-laundromat-trump-tower-luxury-high-rises-dirty-money-international-crime-syndicate by Craig Unger, July, 2017
The feds wanted to arrest Ivankov, but he kept vanishing. “He was like a ghost to the FBI,” one agent recalls. Agents spotted him meeting with other Russian crime figures in Miami, Los Angeles, Boston, and Toronto. They also found he made frequent visits to Trump Taj Mahal in Atlantic City, which mobsters routinely used to launder huge sums of money. In 2015, the Taj Mahal was fined $10 million—the highest penalty ever levied by the feds against a casino—and admitted to having “willfully violated” anti-money-laundering regulations for years.
Throughout the 1990s, untold millions from the former Soviet Union flowed into Trump’s luxury developments and Atlantic City casinos. But all the money wasn’t enough to save Trump from his own failings as a businessman. He owed $4 billion to more than 70 banks, with a mind-boggling $800 million of it personally guaranteed. He spent much of the decade mired in litigation, filing for multiple bankruptcies and scrambling to survive. For most developers, the situation would have spelled financial ruin. But fortunately for Trump, his own economic crisis coincided with one in Russia.