Trump Cried Witchhunt, Capital One Cried Money Laundering
For the first time, Donald Trump has now been formally tied to an alleged money laundering scheme as part of Capital One's efforts to dismiss his lawsuit against them.
If there’s one thing Donald Trump has repeatedly failed at, even to his own recurring demise, it’s shutting his mouth while he’s ahead.
Back in 2021, Capital One conducted a mass purge of Donald Trump’s account, unceremoniously shuttering hundreds upon hundreds of bank accounts connected to Donald Trump and his family’s business group, The Trump Organization.
Trump has labeled Capital One’s move as a witch hunt — as he is wont to do anytime anyone is brazen enough to do anything short of dropping to their knees and licking his tiny, shiny, lifted shoes — claiming both publicly and in his lawsuit against the massive, nationally recognized bank that their decision to debank his accounts what directly tied to the infamous and deadly January 6th insurrection.
If Trump had not opened his mouth in such a way, Capital One would not have been forced to respond by formally tying Donald Trump and his organization to suspected money laundering behaviors for the first time in history.
But, as I stated before, the man simply does not know how to shut up while he’s ahead.
Capital One has now filed a motion with the Florida federal court requesting that the sitting United States president’s lawsuit against them be dismissed. In that filing, attorneys for the behemoth American bank were forced to say the quiet part loud: the bank’s own filings, coupled with the Trump Organization’s allegations, “make clear that Capital One closed Plaintiffs' accounts for anti-money laundering ('AML') reasons."
Capital One revealed that they came to the decision to debank hundreds of Trump-tied accounts only after “months of analysis and a careful review" by the financial crimes team; a team that, in their filing, the bank made clear was fully staffed with employees who boast “decades of law enforcement experience.” In short, average Joes did not make this determination. Highly educated and experienced professionals who have spent decades of their lives sniffing out bullshit schemes did.
And Donald Trump’s big mouth personally opened the door to allow them to announce as much to the world.
All told, roughly 385 accounts connected to the Trump Organization, Eric Trump, and a variety of affiliated businesses — including but not limited to a winery, a bottled-water company, and a golf course developer — that had been banking with Capital One for upwards of a decade were caught in the massive debanking sweep in mid-2021.
Since his return to the White House in 2025, Trump has launched his lawsuit against Capital One with the allegation that the bank unceremoniously closed his accounts in an effort to distance itself from Donald Trump in the wake of the infamous January 6th riot at the United States Capitol Building, going so far as to claim in an amended compaint filed earlier in July of this year that the accusations of suspected money laundrering and financial crimes were made up after the fact, to be used as a cover story to hide their political motivations.
Capital One called bull.
Attorneys for the bank noted that it “never publicized the termination decision nor its confidential internal process giving rise to the closure,'“ and went the extra mile to give the Trump companies months, plus countless extensions, to move their money to another bank, which they eventually did.
But the bank took things a step further than simply disputing Trump’s allegations with facts, going so far as to cite their contractual right to close any account “at any time, for any or no reason and without notice.”
Capital One pushed further still against an additional complaint the Trump legal team added in July, claiming that the bank committed fraud against their client by remaining silent about their reasoning behind their decision to shutter his accounts.
Attorneys for the bank made it clear that they are under no obligation to explain themselves to any account holder who has found themselves debanked. In fact, federal banking-secrecy laws would actually disallow them from disclosing any internal anti-money-laundering investigations or findings, even if they wanted to.
Back in March, an earlier version of this same lawsuit was already dismissed by the presiding judge, Roy Altman, who ruled that a bank’s decision to close any account under such an open-ended and wide-sweeping contract clause was not generally open for additional debate within the courts.
As Trump has now filed an additional complaint against the bank, Capital One is now calling on Judge Altman to permanently dismiss the president’s complaint this time, leaving no avenue for Trump to refile.
This serves as just another prime example of Donald Trump personally shoveling himself into a hole so deep he can’t see daylight.
Shutting up and moving his money to some other crooked bank was always an option. He knew what they were doing with those bank accounts.
But instead, he chose the equivalent of blasting off a flare next to the dead body. And now look what he’s done…
FOOD FOR THOUGHT: Why aren’t Beltway reporters asking him any questions about this? It seems important.
Not all money launderers are child sex traffickers, but all child sex traffickers are money launderers.