Dollar Tumbles, Stocks Slammed As Mueller Expands Probe Into Trump Business Transactions

Thu Jul 20 2017
Nikki Bailey (1368 articles)
Dollar Tumbles, Stocks Slammed As Mueller Expands Probe Into Trump Business Transactions

The U.S. special counsel investigating possible ties between the Donald Trump campaign and Russia in last year’s election is examining a broad range of transactions involving Trump’s businesses as well as those of his associates, according to a person familiar with the probe.

FBI investigators and others are looking at Russian purchases of apartments in Trump buildings, Trump’s involvement in a controversial SoHo development with Russian associates, the 2013 Miss Universe pageant in Moscow and Trump’s sale of a Florida mansion to a Russian oligarch in 2008, the person said.

Agents are also interested in dealings with the Bank of Cyprus, where Wilbur Ross served as vice chairman before he became commerce secretary, as well as the efforts of Jared Kushner, the President’s son-in-law and White House aide, to secure financing for some of his family’s real estate properties. The information was provided by someone familiar with the developing inquiry but not authorized to speak publicly.

The roots of Mueller’s follow-the-money investigation lie in a wide-ranging money laundering probe launched by then-Manhattan U.S. Attorney Preet Bharara last year, according to the person.

Nikki Bailey

Nikki Bailey

Nikki Bailey reports on US Stocks. She covers also economy and related aspects. She has been tracking US Stock markets for several years now. She is based in New York