Eric Trump sues Capital One over discriminatory banking practices.
It was yet another in a long list of discriminatory practices many prominent conservatives were subjected to in recent years as open bias in the media and the corporate world became tolerated and even applauded. It's called “debanking,” and it's when financial institutions abruptly refuse to do business with certain entities and unceremoniously shutter their accounts with no explanation.
Those accounts are invariably conservative. (There are legitimate occasions when banks close high-risk accounts or ones suspected of money laundering or illicit activity—but that's not what we're talking about here.)
Eric Trump and the Trump organization were among the many who were victimized, as Capital One shut down over 300 of their business accounts in 2021.
Now he wants payback, with interest:
Capital One—while staying busy wooing customers with their chipper ads asking “What’s in Your Wallet?” starring Samuel L. Jackson, Jennifer Garner and others—was at the same time kicking their actual customers in the teeth.
The Trump Organization filed the lawsuit against Capital One in the Circuit Court of the Eleventh Judicial Circuit for Miami-Dade County, Florida, Friday. The plaintiffs in the case are Eric Trump, the Donald J. Trump Revocable Trust, DJT Holdings, DJT Holdings Managing Member and DTTM Operations.
On March 8, 2021, Capital One notified Trump and the plaintiffs that hundreds of bank accounts that they controlled, were beneficiaries of and actively used would be closed June 7, 2021. According to the lawsuit, Capital One did not provide Trump and the plaintiffs any "recourse, remedy, or alternative — its decision was final."
The accounts affiliated with the Trump Organization held millions of dollars belonging to them and their affiliated entities.
Eric Trump made a statement to Fox News Digital, in which he said, "This is just the beginning.”
https://redstate.com/bobhoge/2025/03/07/whats-in-their-wallet-eric-trump-sues-capital-one-over-discriminatory-banking-practices-n2186415
At least in Florida his lawsuit stands a chance at being fairly heard.
ReplyDeleteAgreed. I was thinking along those same lines.
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