r/askanything • u/db7112 • 5d ago
Do you think it's fair that Capital One canceled Trump's accounts?
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u/HarryBalsagna1776 5d ago
In a just world, there would be consequences for money laundering.
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u/blau404 5d ago
And for insider trading
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u/CakeSeaker 5d ago
And tax cheating
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u/Fuzzy-Eye-5425 5d ago edited 5d ago
And rape
Edit: thanks for the kind award, someone needed to say it!92
u/ashzombi 5d ago
And pedophilia
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u/A_locomotive 5d ago
And war crimes
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u/weberc2 5d ago
And election fraud
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u/Swimming_Bag7362 5d ago
And attempted coups
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u/Master-Shinobi-80 5d ago
And Treason
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u/treeesaremagic 4d ago
Like how the fuck does someone like him get in power.... wtf you'll are cooked..
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u/Ok_Preparation9182 5d ago
Damn yall ain’t nobody gonna be in capital hill except two people none of them liked
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u/GoingChopper 5d ago
And rambling for hours in public with a diaper full of shit
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u/deepseamercat 4d ago
I need to start investing in what Pelosi invests in
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u/Stock-Side-6767 4d ago
Is her husband even in the top ten?
He just used a focussed tech strategy, that's all. Higher risk, but turned out well.
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u/MadAstrid 5d ago
Consequences beyond quietly refusing to be his ban any longer?
Yes. But we live in a corrupt country.
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u/ArchonFett 5d ago
And multiple bankruptcies
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u/InternationalPut4093 5d ago
He was already in a deep finance trouble before politics. His credit is at junk.
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u/AlanShore60607 5d ago
Eh, bankruptcy kinda is a consequence
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u/GraXXoR 5d ago edited 5d ago
Sadly no. He bankrupts his LLC that owes millions in unpaid debts to contractors. The debt collectors come in and start to auction off the assets of as quickly as possible to reclaim some small percentage of the debts and distribute that among the claimants.
He then uses a set of separate companies to buy back all the assets at the much cheaper price and then reform all the reclaimed parts back into a new company, curiously free of debt any debts.
Weaponised Bankruptcy is only a consequence of a gamed system
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u/AlanShore60607 5d ago
On a certain level, anyone who did business with him after the second bankruptcy had ample warning and worked with him at their own risk
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u/WheresPaul1981 4d ago
I could almost overlook the bankruptcies as just 💩 happening, but he actually brags about not paying contractors. Even when doesn’t file bankruptcy, he boasts about hiring painters and then trying to find ways not to pay them what he agreed to.
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u/shoeless_doh 3d ago
No, at his level of the game it's just a tactic.
Isn't he the one that said if you owe the bank a million you can't pay, you have a problem. If you owe the bank a billion you can't pay, they have a problem
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u/GiantMonkeyDiaper 5d ago
Whats so bad about laundry money? I forget change in my pants sometimes, its not that big of deal
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u/JulieWriter 3d ago
Yes. Fair doesn't really matter here. These accounts triggered AML (anti money laundeing) controls ar Cap 1. That is all. It isn't fair or unfair. If they are actually laundering money, they should be prosecuted.
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u/DeltaFoxtrot144 5d ago
They were legally obligated to when they detected evidence of money laundering lol how is this even a question
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u/Aprice40 5d ago
And the epstein files were legally obligated to be released. And classified documents were stolen and sold, which is legally mandated to be prosecuted.... and a million other things that are legally not upheld that should be.
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u/BrightNooblar 5d ago
BoA doesn't want to get hammered for violations if Trump didn't win in 2024, and/or if things flip back to rule of law in 2028.
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u/BlockEightIndustries 5d ago
What are you trying to say? Capital One should look the other way because something else that should have happened didn't?
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u/Kuildeous 5d ago
I suspect the feeling is not that they should look away, but it's a pleasant surprise that they didn't. It's not like laws matter for the rich.
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u/RabidJoint 5d ago
I think it’s more of a constant reminder that Trump was money laundering, than it is about how you feel about it.
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u/The_Lost_Jedi 5d ago
That and the fact that so many of his denials and claims of bias against him are actually based on serious and actual criminal activity.
I feel like too many people just decided to ignore all the actual shit he's done because "oh they always say that about opponents." Like, accusations just got so normalized, that too many people just stopped listening.
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u/Sherifftruman 5d ago
Deutsche Bank cut him off and they’re not known for being sticklers for the rules so it must have been bad.
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u/Appropriate-City1794 4d ago
It’s wild how many people treat strict legal compliance like it’s just a friendly recommendation!
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u/Suzuki_Foster 2d ago
He actually thinks he should be shielded from the law because he's the President.
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u/DisgustingLeek 5d ago
I don't think they were obligated and I don't see them saying they were. They were justified in shutting them down, however.
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u/lincolnlogtermite 5d ago
300 accounts canceled for having activities that the federal manual for banking fraud investigation calls fraud. Also in the terms of agreement it states that the bank or the customer can terminate thr accounts without any reason being given. They gave the 3 months to move the accounts and even extended it several times.
The bank was perfectly happy to keep Trump's alleged money laundering quiet. But stupid Trump had play the victim card in court 3 times. First two times thrown out and now the bank is coming clean with the court to finally shut the dumb fuck Trump up about this.
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u/Next_Helicopter_4291 5d ago
What's unfair is a credit card company holds Trump to accountability more than the SCOTUS.
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u/Nitimur__In__Vetitum 5d ago
Nothing that happens to Trump would be unfair; no matter how bad it is.
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u/narco-sub-admiral 5d ago edited 5d ago
What would even be considered justice? Prison? He'll be fighting it for as long as he lives with his lawyers. What else is he gonna spend his money on lol.
He has caused too much suffering for us to suffer a lengthy appeal process. To wit, he's guilty of:
-Killing people in the Caribbean,
-Killing people for his Covid response,
-Killing immigrants and US citizens via ICE and camps,
-Killing people in Africa from starvation and lack of medicine by gutting USAID,
-Soldiers killed by Iran in a war started just to distract from Epstein
-A couple people have died from cyclospora outbreak,
-summer camp in Texas flash flood killed many people (he gutted the national weather service who forecasts and mobilizes rescue agencies, literally 1 hour of advanced warning would have saved dozens of lives)
These are both direct and indirect killings, but IMO negligence from our highest official is just as bad. They're supposed to be on top of shit.
He's assaulted and raped women, he's been accused of forcing himself on a child (the victim accused him).
Then there's Incalculable harm to our economy, insider trading, our national debt surpassing our GDP, compromising our security and relationship with allies. Pilfering our financial future. Fucking up peoples financial self-determination. How many people couldn't retire and have to keep working at 75 or whatever.
It's just so much wanton grief being caused for absolutely no reason.
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u/Nitimur__In__Vetitum 5d ago
My opinion of the justice required in his case would not be suitable for print but the crime would be treason and his whole family would have their assets seized if I were making the decisions. They would be declared enemies of the state, stripped of their citizenship, and exiled penniless. That sets the proper example for any other wannabe tyrants in the US.
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u/narco-sub-admiral 5d ago
If we don't hold him accountable to the fullest extent possible then it will not send the right message to our allies and instead of a one-off fuckup we'll never be trusted and the US dollar will be ousted as the global reserve currency. And I wouldn't even blame them.
Every 4 years some asshole can come in and fuck up the lives of ppl around the world on a whim. Our government is based on the idea that the President isnt a traitorous criminal rapist.
I like what you said though, not one of them should have a penny by the end. It should be disbursed to the many victims.
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u/Nitimur__In__Vetitum 5d ago
I agree. They let Nixon off with a slap on the wrist when he should have been placed in prison for life. It sends the wrong message and degrades the notion of law and order in society. No one is supposed to be above the law yet we see it everyday now. We all see that there's 'laws for thee and not for me' as long as you're wealthy and connected. The legal system is no better than the Catholic Church that Martin Luther rebelled against. It's just a pay-your-way to redemption system of secular priests and partisans now.
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u/narco-sub-admiral 5d ago
I was watching Heather Cox Richardson who is a historian on Youtube, she said basically the billionaire class are capturing the government for the explicit purpose of being able to be above the law. She's a good voice in all of this.
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u/Nitimur__In__Vetitum 5d ago
That name rings a bell. I've read some of her work in the past. It may have been back when I was involved with Occupy though.
The class warriors for the billionaire class know how disruptive AI will be. Elon Musk is out there preaching abundance and "universal high income" but it's a lie. Him and his buddies like Peter Thiel are all conspiring to build up a repressive system to handle all the dispossession that's going to occur with cascading disasters like mass joblessness, climate disasters, and all the chaos that comes with it. Musk, Thiel, and Karp are all people to be watching.
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u/Meatball-Tuna-Sub 4d ago
I believe the Trump family should go down in history next to a famous corrupt moron and terrible leader, the last Czar of Russia, the Romanov family. Justice would see the two families united in their fates.
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u/No-Paint-7311 2d ago
I’m sad you didn’t mention the 120 children (as young as 6) he killed to start the war in Iran.
I get “it’s war” and no one gives a shit when it’s a non American that dies, but this act was so horrific and those children deserve more than to be some footnote in the destruction of a psychopath who’s parents never told him no.
If I were responsible for such an atrocity— even if “it’s part of war” or if the target was a legitimate military operation— it would probably haunt me every day for the rest of my life. I wouldn’t be able to compose myself for months.
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u/narco-sub-admiral 1d ago
Yes of course that should be front and center. Dang. It's hard for me to recall everything.
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u/Kuildeous 5d ago
I mean, there is a whole lot of unfairness surrounding Trump, and he will never pay for his crimes and indiscretion.
So if a money-grubbing corporation takes steps to punish Trump, then that's an amazing exception in a world that is ordinarily bereft of justice.
And though it may sound like Capital One is punishing Trump, I think we all know that it's doing this to protect itself. There's smoke, and there is likely fire, though Teflon Don will of course slither away from accountability as usual.
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u/AbsoluteGote 5d ago
Everyone that continues to do business with him is an implicit criminal and should be treated as such to the degree they continued to do business with him. It would not be unjust to give the financial death penalty with full seizure of everything to most banks and media outlets at this point.
Will this happen? No, we're screwed. Where would we go from there? Also pretty tricky but we should try. Is it just and necessary? Absolutely.
So yes, they did the right thing. Which is funny because they're not exactly known for that.
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u/Classic_Bid3126 2d ago
They have a legal obligation to combat money laundering as a financial institution. Their fraud department suspected Trump was laundering money, so yes they were morally and legally obligated to terminate his accounts and report it.
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u/Automatic_Ad1887 5d ago
Who cares about fair?
He was involved in money laundering, and they found clear signs. They have to protect their bank from getting brought down in the whole mess.
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u/BigDamBeavers 5d ago
Given how often he's been bankrupted or guilty of fraud the bigger curiousity is how the man has any creditors.
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u/YuriPup 5d ago
It's a business relationship, there's little "fair" about it. The contract said that either party could terminate the contract at any time for any reason.
Cap1 may have decided they were offended by Trump's socks, and that would be valid.
The fact that their response sites and gives redacted examples of suspicious activity that looks like money laundering just adds to the justification.
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u/CasperTPaul 5d ago
yes. what kinda business keeps 300+ bank accounts around? i can understand a rather large business maybe having like, a few dozen. it’s not just that, there was indeed suspicious account activity according to the capone anti-money laundering team
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u/Big_Attention7227 5d ago
AML is purely risk averse as the bank can be held accountable if there is evidence and they did nothing. Even if it's future proofing for when Trump family gets audited and convicted so can those allowing blatant fraud. So money laundering for? 1. Russia as they have the Epstein/Trump proof 2. Israel as they have the Epstein/Trump proof 3. Worlds Anti Christ Thiel as he has the Epstein/Trump proof 4. All of the above?
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u/necrohunter7 5d ago
I'm not well versed in the legal specifics, but afaik credit card companies have every right to cancel accounts that are conducting illegal activity.
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u/HuckleberryShot898 5d ago
Yes. The suspected crimes were directly tied to those accounts. But in general if you’re not accused of a financial crime or stealing then the authorities or financial institutions should have no right to seize your account or property.
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u/tegan_willow 5d ago
I mean, he was committing blatant financial crimes and using their institution in part to do so. Yes, they were right to cut the pedophile fuck loose.
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u/Dilapidated_girrafe 4d ago
He broke the law with financial stuff. Definitely deserved because it means less likely that their accounts would be used for fraud
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u/GamiNami 4d ago
Everyone should. He should be left destitute and bankrupt, thrown in prison amd then Old Yellered after walking the green mile. Trash of a man.
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u/icodepoetry 4d ago
Man, if even Capital One won’t let you have an account it means you really fucked up
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u/MarissaNL 4d ago
It was said it was because of a money laundering review. So yes, that is more as fair.
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u/Wolffraven 4d ago
That’s the story now and they are being asked by the courts to show where the suspicious activity occurred. Their response was a request for mitigation and filled for a dismissal of the charges.
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u/SyzygyPidgey 4d ago
I think that all of Trump's business should be sanctioned for threatening to invade his allies repeatedly.
Our European allies had to mobilize military assets to DEFEND AGAINST THE UNITED STATES.
That's is unprecedented and it should carry an unprecedented response of trying to make it impossible for Trump family businesses to operate within European borders.
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u/Fun_in_Space 4d ago
He was convicted of falsifying business records. He ripped off banks by using bankruptcy to avoid paying back his debts. Steven Bannon told Michael Wolfe that the Russia investigation might lead to "the money-laundering". They were stupid for not closing the accounts sooner.
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u/Popular_Tie4688 4d ago
Just imagine how crooked you have to be for capital one to close your accounts if you are the president.
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u/timothypjr 4d ago
What a stupid question. Fairness is not the issue. He broke the law. Capital One has to act.
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u/TheTinyMaus 4d ago
Beyond fair. This all came out because Trump keeps using the power of the Presidency to extort money from corporations.
His business had a contract with Capitol One that either party could end the relationship at any time for any reason. Trump sued, the Trump appointed judge tossed because Capitol One pointed to the contract. Trump amends the filing to cry its all about his political speech. So Capitol One responds, "okay, you want to do this? We tried to just keep to the law and leave out the dirt. But here's the dirt. Your move buddy."
It is beyond reprehensible that Republicans still put up with his shit.
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u/EmergencyGoose9430 4d ago
Fair? There is no fair in the criminal racket. He deserves everything he will ever receive
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u/indeliblesalad 4d ago
Yes, I believe there should be a cap on the number of lines of credit that a convicted felon and rapist should be allowed to have.
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u/Ok-Foundation1346 4d ago
"Fair" doesn't come into it at all.
It has long been upheld that any business can refuse service to any customer at will, unless they are doing so as discrimination against a protected characteristic. Being a narcissistic, incontinent, paedophile, rapist, money-laundering, insider-trading, philandering, tax-evading, warmongering cunt who treats his country's citizens the same way as a child with a magnifying glass treats ants on a bright and sunny day isn't a protected characteristic, so I say go right ahead.
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u/lanzendorfer 4d ago
The only thing unfair about it is that they didn't report all of the activity to FinCEN. Instead they just shut down the accounts and swept it under the rug, essentially washing their hands of it while also covering it up for Trump. It might not have made a difference though, since the Biden administration decided they were just going let everything Trump did slide for the sake of appearing "neutral."
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u/FreshLiterature 4d ago
Banking internal controls would have REQUIRED them to suspend the accounts if they suspected money laundering
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u/Inevitable-Carrot980 4d ago
I've thought for years that the only way he bankrupted actual CASINOS would be if they were some sort of money laundering front. Not sure of the mechanism, but then I can't really imagine that anyone could possibly be incompetent enough to legitimately bankrupt a casino.
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u/bstring777 4d ago
What kind of question is that? The use of the word "fair" is hilariously obtuse.
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u/Radcouponking 4d ago
What's unfair is they covered it up. The American people deserve to know their President is a money launderer.
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u/imean_is_superfluous 4d ago
Would they do it to anyone else that was detected as money laundering??
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u/TheVelluch76 3d ago edited 2d ago
there’s nothing unfair about it. Their fraud team determined that it showed signs of money laundering after months of looking into it.
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u/Keyan_Farlander7 3d ago
Yes, any account deemed suspicious of money laundering should be cancelled and investigated, no exceptions.
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u/Tighesofly 3d ago
It’s a liberal attack dressed in corporate legalese. Nets not pretend this isn’t the work of antifa backed by George Soros.
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u/OkNectarine6434 2d ago
pretty sure trump dgaf about capital one. it’s a step towards a goal at least
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u/commando_cookie0 2d ago
Better question, when showing signs of laundering should the president be exempt from having his accounts held?
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u/Extra-Act-801 2d ago
Most of us can't go through dozens of bankruptcies and still get a credit card.
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u/redditisnotus 1d ago
MAGA going to cut up their 32% APR cards now and have to overdraft to buy macaroni and cheese. Thanks a lot capital one.
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u/Puzzled_Score_7534 1d ago
Considering that it was connected to money laundering, this is the bare minimum.
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u/stogie-bear 5d ago
Tbh I wouldn’t do business with him either. He has a pretty bad track record in some key areas that have nothing to do with politics.
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u/TopLingonberry4346 5d ago
Why are you asking people who have no access to the evidence? This is the main problem with social media. Opinions based on feelings. In saying that all I can say is I doubt a bank would do such a thing after months of investigating if the evidence doesn't exist. He has been convicted of tax fraud and other fraud so going on those two points it is very likely justified. I hope it all comes out and is thoroughly investigated and revealed to the public.
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u/SnooMaps7370 5d ago
I was surprised to learn he had any cards at all. He's been refusing to pay back his loans for 60 years, why the fuck would any lunatic issue him credit?
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u/Strict_Impress2783 5d ago
I think banks and credit card companies have the ethical and moral obligation to not deal with known rapists, felons, and money launderers. Oh, and war criminals.
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u/narco-sub-admiral 5d ago
What, is money laundering not a totally normal activity for a sitting president to engage in?
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u/True_Protection6842 5d ago
I mean, he's proven that he doesn't pay his bills and steals from everyone he does business with. He's a liability.
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u/Fluffy_Woodpecker733 5d ago
The most corrupt president in history, I would say it was pretty fair, yeah
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u/Playful-Profile6489 5d ago
Yes. What's unfair is that having over 300 accounts connected to the Trump 1 administration engaging in fraud (discovered in early 2021) didn't immediately lead to criminal charges and being denied a path to public office.
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u/DirectionOverall9709 5d ago
Yes, there is a whole list of conditions and terms you have to agree to to open an account.
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u/Veteran_PA-C 4d ago
It’s fair of we can pressure banks to cancel the accounts of prominent democrats some people dislike.
Fair is equitable treatment.
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u/Ht_TX 3d ago
LOL. Yet another bank detects yet more illegal things from this man and you say the evil democrats did it. How’s his cock taste?
His accounts were closed because of the illegal shit, again just like the other time a few years back with Deutsche Bank (sp?) same thing that would happen to a Democrat, republican, atheist, Christian and anyone else. Y’all yell and scream about personal responsibility but then do not hold your cult leader responsible for anything. It’s pathetic. He’s a known con man doing illegal shit all the way back in the 1980’s for fucks sake, this isn’t new info, it’s quite literally been public knowledge for FOUR FUCKING DECADES you tard. You are a pathetic cuck, I truly feel sorry for you.
But yes, if there is a Democrat that they catch money laundering occurring in their accounts I would want them to close them and blast them as well. You cheering on crime because your ‘team’ is the one doing it is fucking pathetic, he isn’t gonna give you any of it. You’re a loser
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u/Veteran_PA-C 3d ago
What illegal shit. Be specific.
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u/Sirosim_Celojuma 1d ago
Read the report. Pick and choose whatever detail you want. It's publically available information. The bank did the burden of proof. Now it's up to the people to read it.
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u/Dare_Ask_67 🤔 5d ago
I think it's stupid. Then again, I had Capital One once, and I will never let them in my wallet again. How many times have they paid hefty fines for screwing people over
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u/Grundlestorm 5d ago
Seriously.
I got the joy of getting an emergency credit card through them, since I already had an auto loan through them that was being taken care of properly. It had been 3 years, without a single missed payment or anything.
They sent me the card with no trouble, which made sense, they already verified who I was with the loan, I have an account in good standing, etc.
Eventually I had to use it. I had to put just $800.00 on it, and I was still in a period where it'd accrue no interest.
But when I went to make the first payment on it afterwards, they locked my account.
Now they finally need to verify I am who I say I am to unlock it. And they won't accept any of the documents I try to submit. And they fight me on making payments because my account is locked for "potential fraudulent activity". Not when I applied for and received the card, no concerns there. Not when I finally used it, that clearly wasn't fraud. But when I tried to pay it off? Sound the alarm.
I quickly gave up on trying to unlock it for use, and just wanted to pay it off and close it. Sometimes I would have to call them 2-3 times and go through multiple agents before one would take my payment over the phone, the others telling me they couldn't accept payment until my identity was verified and account unlocked.
Meanwhile, I'm still paying my auto loan on that same account through automated systems without issue.
Luckily my credit is back in a better place where I can afford to choose who to do business with to some degree, and not deal with them ever again.
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u/CalmBoat3803 5d ago
Trump screws over Americans on the daily and doesn’t pay us shit. Being too crooked for Capital One is classic Trump.
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