Val Broeksmit acquired the emails and files of his late father, Deutsche Bank executive William S. Broeksmit, after Broeksmit tragically took his own life in 2014.
Val informed the FBI in late 2019 about his knowledge of VTB’s underwriting of Trump’s loans, information he attributed to a network of sources connected to the bank he cultivated over the past five-plus years.
Underwriting is the process where financial institutions assess the ability of potential customers to fulfill their obligations. Underwriters have access to “credit and financial information, as well as the state of the [property],” according to US News, though underwriters can sometimes be unknown to the person seeking the loan.
Forensic News is not confirming the underlying claim that VTB underwrote Trump’s loans from Deutsche Bank.
Forensic News can, however, confirm that at least some of Trump’s loans were issued by a bank subsidiary with business ties to VTB. That subsidiary owed more than $48 million to VTB in 2013 and documents suggest the subsidiary continued doing business with VTB even after the bank was sanctioned in 2014.
One federal agent working on the Deutsche Bank investigation indicated that VTB is under scrutiny in the FBI criminal probe. “We know VTB very well,” the investigator said on background. That person did not comment directly on the Trump loans. (more...)
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