Axos, the Trump Tower Bank, Is Almost as Shady as He Is


Donald Trump has succeeded in refinancing Trump Tower. That’s no small feat. The Trump Organization has mountains of debt and become a financial pariah. The company’s longtime accountant, Mazars, recently abandoned the Trumps — amid a New York state investigation into whether the company systematically manipulated the value of its assets. The accounting firm said it could no longer vouch for the accuracy of a decade’s worth of Trump Organization financial statements, insisting those documents “should no longer be relied upon.”

But an internet bank called Axos has stepped up with a financial lifeline for the former president’s company, working with the Trump Org. to refinance Trump Tower for a cool $100 million, in a transaction first reported by Forbes. Eric Trump released a statement defending the deal, insisting his family company was “very profitable” and had…

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