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Suspicious Palm Beach Real Estate Deal Between Trump and Russians Draws Scrutiny in the Senate

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The Senate is looking into Trump’s sale of this Palm Beach estate to Russian oligarch Dmitry Rybolovlev (Splash News photo)

A 2008 real estate deal between President Donald Trump and a Russian investor is raising eyebrows in the Senate.

The property conveyed—6.3 acres in a particularly ritzy part of Palm Beach (bordering the home of TV surgeon Dr. Mehmet Oz)—was purchased by Trump in 2004 for $41.35 million. Russian billionaire Dmitry Rybolovlev paid $95 million for the property just four years later.

While this might not seem untoward on the face of it (and, indeed, could even be viewed as proof of Trump’s normally-questionable claims about his outstanding business acumen), it becomes decidedly more suspicious with the revelation that the appraised value of the property was $30 million less than the sale price.

“In the context of the President’s then-precarious financial position, I believe that the Palm Beach property sale warrants further scrutiny,” U.S. Senator Ron Wyden of Oregon wrote in a letter to Treasury Secretary Steven Mnuchin. “It is imperative that Congress follow the money and conduct a thorough investigation into any potential money laundering or other illicit financial dealings between the President, his associates, and Russia.”

Jose Lambiet, GossipExtra.com, excerpt posted on SouthFloridaReporter.com, Feb. 14, 2018 

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Jose Lambiet, founder, writer, producer and occasional ad sales rep for GossipExtra. A veteran journalist. Jose has worked for the Sun-Sentinel and The Palm Beach Post. And now writes a column, coincidentally called Gossip Extra, in The Miami Herald. The information and facts are those gathered by Jose.