Donald Trump's Debt to Deutsche Bank: Does He Owe Money After All?

Contrary to popular belief, Donald Trump has not paid back all the money he borrowed from Deutsche Bank. Several hundred million dollars still remain outstanding.

Current Situation

As of now, Trump still owes Deutsche Bank a considerable sum of 20,000. However, the picture is more complex. Recently, he has been actively raising money from his loyal supporters to fund his legal defense against 91 criminal indictments in the USA. These charges include 91 serious felonies, which could result in a potential prison sentence. But it’s important to note that the loans to a Russian bank and a German bank (including Deutsche Bank) are considered civil matters. If Trump is unable to pay back the debt, it could have severe consequences for his financial stability.

History of Debts

Back in 2008, prior to the Great Recession and the real estate market crash, Trump borrowed a massive amount of money from Deutsche Bank and Fortress Investment Group for the construction of the Trump International Hotel and Tower in Chicago. The project was completed in September 2008, but the real estate market had already taken a significant dip. Trump was unable to sell the 4 million apartments and luxury office space, and the project ultimately went broke. As a result, Trump defaulted on the loan.

Following the default, Trump sued his lenders for 3 billion, accusing them of “predatory lending practices.” Deutsche Bank, in turn, counter-sued, asserting that Trump was a habitual non-payer and demanded immediate repayment of the defaulted loans. Eventually, Trump managed to negotiate a partial loan forgiveness, securing 270 million dollars in relief.

Recent Allegations

During the fraud trial, it was revealed that Trump had defaulted on the Deutsche Bank loan, which led to the bank recalling the loan without formal notice. However, the exact amount he had to repay remains undisclosed.

Additionally, there are ongoing allegations of Russian money laundering through the German bank, Deutsche Bank. Despite these allegations, it is clear that the resolution of this debt remains a priority for Trump's financial security.

Whether he will be able to meet his obligations, especially in the face of potential legal challenges and massive financial penalties, remains a significant concern. Trump must either come up with the funds or face the possibility of losing everything.

Conclusion

It is evident that Donald Trump has not paid back all the money he borrowed from Deutsche Bank, and this debt continues to be a pressing issue. As legal battles and financial troubles continue to mount, the extent to which he can fulfill his financial obligations will undoubtedly impact his future.