On the 31th of July 2026 Friday night, a court filing from Capital One denied there was any political motivation behind the closure of more than 380 bank accounts in the names of Donald Trump and the Trump Organization. Instead, it stated, the accounts were closed “for anti-money laundering reasons.” It said “transaction patterns” had triggered the review.
President Donald J. Trump has maintained that banks refused to do business with him after January 6, 2021, for political reasons. As Allison Morrow of CNN reported on the 04th of August 2026 President Donald Trump and his supporters, including cryptocurrency ventures, have used the idea that they were being “debanked” because of their political beliefs to claim they are victims. Last year, President Donald Trump and the Trump Organization sued Capital One in federal court in Florida, saying they had sustained “considerable financial harm” after the bank closed about 385 of their accounts.
Observers note that the story of President Donald Trump wanting immunity from IRS audits and the revelation that his bank activity mirrored that of money launderers might well be the same story.
That story recalls the work of national security specialist Natasha Bertrand in 2018, when she reported in The Atlantic that Trump’s rabid attacks on FBI and Justice Department officials centered on those with extensive experience in investigating money laundering and organized crime, particularly as they interfaced with Russia.
President Donald Trump went after officials he claimed were “Democrats” who were part of a “witch hunt” against him as they examined the ties of his 2016 campaign to Russian operatives. But Bertrand pointed out that his primary targets—Bruce Ohr, Lisa Page, Andrew Weissmann, Andrew McCabe—all specialized in investigations into organized crime and money laundering. She noted that the probe into the Trump campaign’s ties to Russian operatives was primarily a counterintelligence investigation and that Russia’s criminal syndicates and intelligence services had become increasingly intertwined.
In July 2017, President Donald Trump told the New York Times that it would be unacceptable for those investigating his campaign’s ties to Russia to look at his or his family’s personal finances. That would be a “red line,” he said. “I have no income from Russia. I don’t do business with Russia.” (This denial contradicts Donald Trump Jr.’s 2008 statement that “Russians make up a pretty disproportionate cross section of a lot of our assets” and Eric Trump’s 2014 boast, “We don’t rely on American banks. We have all the funding we need out of Russia.”) Bertrand noted that Trump’s links to “Russian oligarchs and mobsters” were “documented” and that his Trump Taj Mahal casino in Atlantic City, New Jersey, “was repeatedly cited by the Treasury Department’s Financial Crimes Enforcement Network for having inadequate money-laundering controls.”
Financial irregularities surrounding Trump associate Jeffrey Epstein are also in the news today. Senator Ron Wyden (D-OR), who is famous for following money trails doggedly, released a report saying that JPMorgan Chase, Bank of America, and Deutsche Bank held off on filing required suspicious activity reports in transactions associated with Jeffrey Epstein.
To conclude, the perfection is not for this World. Only God is perfect. As a human being, no matter what you do, somebody will Always have something negative to say about you. As our Provost in the School of engineering used to say : « That is part of the life ».
