The Trump Group is suing Capital One for allegedly de-banking a whole bunch of accounts tied to the president’s relations as a consequence of allegedly “woke” political motives.
“I can’t tell you how hard it is to change more than 300 bank accounts – and for no reason whatsoever,” Eric Trump, govt vp of the Trump Group, advised Fox Information Digital. “These were hotels and golf courses, residential buildings and commercial buildings, retail outlets and skating rinks and parking garages.”
“There was no political affiliation,” he added. “The only common denominator was that they wore the Trump name.”
Capital One denied claims they shuttered Trump-linked accounts as a consequence of political motives.
“Capital One has not and does not close customer accounts for political reasons,” a spokesperson advised The Submit in a press release.
In March 2021, Capital One notified the Trump Group that it was terminating a whole bunch of their financial institution accounts, which held hundreds of thousands of {dollars}, in response to the lawsuit filed Friday within the Eleventh Judicial Circuit of Florida.
The financial institution didn’t present any “recourse, remedy or alternative – its decision was final,” the lawsuit claimed.
The Trump Group and its holdings accused Capital Considered one of shuttering its accounts as a consequence of “woke” beliefs that “it needed to distance itself from President Trump and his conservative political views,” the swimsuit mentioned.
Plaintiffs argued that Capital One is simply a part of a rising pattern amongst main monetary establishments to de-bank purchasers with conflicting political beliefs.
The lawsuit mentioned the Trump Group is suing Capital One to “shed light on a matter of great public interest and importance.”
Sources indicated to Fox Information that Chase, Financial institution of America and TD Financial institution additionally lower ties with Trump, and might be hit with comparable authorized actions over the following few weeks.
Eric, the Donald J. Trump Revocable Belief, DJT Holdings, DJT Holdings Managing Member and DTTM Operations are additionally looking for lawyer’s charges, and punitive damages “at the appropriate time.”
The plaintiffs requested a jury trial.
