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

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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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