Ivanka Trump’s $100 Million Diamond Fraud Scheme Could Land Her Behind Bars

As Special Counsel Robert Mueller continues his investigation into the 2016 election and a possible conspiracy to rig the election with the help of Russia, White House adviser and first daughter Ivanka Trump is facing legal jeopardy on another front.

At one time, Ivanka owned a jewelry line, which has gone out of business. But before the enterprise was rolled up and forgotten, it appears Ivanka managed to engage in some shady dealings, including money laundering, as Ben Schrekinger of GQ recently reported:

“Thanks to an overlooked filing made in federal court this past summer, we can now add a jewelry business to the list of Trump family enterprises that allegedly served as vehicles to fraudulently hide the assets of ultra-rich foreigners with checkered backgrounds. In late June, the Commercial Bank of Dubai sought—and later received—permission to subpoena Ivanka Trump’s now-defunct fine jewelry line, claiming its diamonds were used in a massive scheme to hide roughly $100 million that was owed to the bank, according to filings at the U.S. District Court for the Southern District of New York.”

Wonder who taught Ivanka how to launder money and defraud people? Daddy? Jared? Or did they both tutor her on the fine art of financial crimes?


The story behind the story is just as interesting as the prospect of Ivanka being a highly-skilled con artist who skirts the law because she doesn’t think it applies to her:

“Ivanka Trump launched Ivanka Trump Fine Jewelry roughly a decade ago, partnering with a young real estate and diamond heir named Moshe Lax. It was her first independent business venture. She licensed her name for use by Madison Avenue Diamonds, which did business under Trump’s name in exchange for royalties. Trump also owned an equity stake in the business for an unspecified period. Around the time they were going into business together, Lax introduced Trump to Jared Kushner, the man who would become her husband, at a luncheon for real estate heirs he convened in Midtown Manhattan.

“Trump and Lax set up a flagship boutique on Madison Avenue and publicly showered praise on each other, but the partnership eventually soured. Lax has been accused of all kinds of wrongdoing, from stiffing creditors to extortion, in numerous lawsuits, some of them related to Ivanka Trump Fine Jewelry and some of them unrelated.”

The Bank of Dubai wants their $100 million, and banks tend to get whatever they want. And if that means that Ivanka has to be prosecuted as part of them recouping their money, the mere fact that they filed in U.S. federal court proves they damn well mean business.

So, while Daddy and hubby try to stay a step ahead of Robert Mueller, Ivanka may have created her own personal legal hell by agreeing to do business with people as corrupt as her family.

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