Trump’s Bank Accounts Closed Over Money Laundering Claims | Virginia Beach News

Capital One shut down over 300 of Donald Trump’s bank accounts in 2021, citing financial activity flagged for potential money laundering — a move backed by internal reviews and regulatory compliance. Trump’s legal team counters that the closures were politically motivated, especially after January 6, while Capital One insists it acted on risk, not politics. This dispute echoes similar claims against JPMorgan Chase, both denying political bias. With Trump’s lawsuit amended to reinforce these allegations, Capital One calls them baseless. The broader conservative backlash against “debanking” for political reasons has gained traction, fueled by concerns over banking fairness — including Trump’s own executive order targeting perceived bias in financial institutions. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/35e15c65e29bf4ba