If there’s one thing Donald Trump fears more than any other, it’s that anyone other than his accountants or attorneys will get a look at his banking and tax records. He even told the New York Times back in 2017 that if Special Counsel Robert Mueller dared to look at his finances or those of his business, it would be crossing a “red line.”
But now it appears the House Intelligence Committee and its chairman, Rep, Adam Schiff (D-CA) have hit the jackpot when it comes to Trump’s dealings with German financial institution Deutsche Bank, and they got the information from an unlikely source.
The New York Times published a story Tuesday about a man named Val Broeksmit, who just so happens to be the son of the late Bill Broeksmit, who was a senior executive for Deutsche Bank. As David Enrich of the Times reports:
“For more than five years, Val Broeksmit has been dangling his Deutsche Bank files in front of journalists and government investigators, dreaming of becoming the next great American whistle-blower. He wants to expose what he sees as corporate wrongdoing, give some meaning to his father’s death — and maybe get famous along the way. Inside newsrooms and investigative bodies around the world, Mr. Broeksmit’s documents have become something of an open secret, and so are the psychological strings that come attached.”
Broeksmit knew that congressional committees were taking a close look at the President Trump’s finances and had been blocked in their efforts by numerous court delays. So he took his information directly to Congressman Schiff and suggested that Schiff put him on the committee’s payroll in exchange for him sharing documents he found after his father died. Documents that had lots of information about Deutsche Bank and all sorts of possibly illegal activities.
The documents also contained information about Donald Trump and the Trump Organization:
“Mr. Schiff’s investigators badly wanted the secret Deutsche files. Mr. Broeksmit tried to extract money from them — he pushed to be hired as a consultant to the committee — but that was a nonstarter. An investigator, Daniel Goldman, appealed to his sense of patriotism and pride. ‘Imagine a scenario where some of the material that you have can actually provide the seed that we can then use to blow open everything that [Trump] has been hiding,’ Mr. Goldman told Mr. Broeksmit in a recorded phone call. ‘In some respects, you — and your father vicariously through you — will go down in American history as a hero and as the person who really broke open an incredibly corrupt president and administration.'”
Broeksmit refused to hand over the information voluntarily when he wasn’t offered a job with the intelligence committee, so Schiff subpoenaed him and got the documents anyway.
If those documents have any information about Trump’s dealings with Russian oligarchs, government officials, or Russian organized crime, then Schiff and the recently formed impeachment committee have evidence they can use to bolster their case against the president.
Adam Schiff may have Trump in checkmate. If so, Trump has only one good option: He can resign and beg Mike Pence to pardon him. If the president tries to play this out via a trial in the Senate, the entire world will get a look at his finances. And that could wind up destroying him, his family, and his company.