Adam Schiff confirms: House Intel Committee investigating Trump for money laundering

Rep. Adam Schiff (D-CA), chairman of the House Intelligence Committee, said Sunday that his committee is dedicated to getting to the bottom of President Donald Trump’s connections to Russia, and that includes determining if the president or the Trump Organization engaged in money laundering for Russian entities:

“We are certainly looking deep into the set of issues surrounding Moscow Trump Tower. We’re also looking at persistent allegations that the Russians have been laundering money through the Trump Organization. I don’t know if that’s true, but if it is again, it’s a profound compromise of this president.”

Schiff was clearly on Trump’s mind Saturday when he addressed the Conservative Political Action Committee (CPAC) in Maryland, going on a two-hour plus rant in which he attacked anyone and everyone, including Congressman Schiff. Trump commented:

“I saw little shifty Schiff yesterday. It’s the first time he went into a meeting and he said we’re going to look into his finances. I said where did that come from? He always talked about Russia, collusion with Russia, the collusion delusion. Now we have people that lost and unfortunately, you put the wrong people in a couple of positions. And they leave people for a long time that shouldn’t be there. And all of a sudden, they’re trying to take you out with bullshit, okay?”

It has long been suspected that the deepest connection of all between Trump and Russia is indeed money. When most real-estate developers were unable to get financing for projects during the 2008 recession, Trump had no problems at all, and there were whispers that his money had come from less-than-legal sources.

One thing seems clear: Trump is nervous about anyone taking a close look at his business and his finances. That alone suggests he has something to hide.

Featured Image Via Screenshot