Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

Business

Trump Organization sues Capital One bank over account closures after Jan. 6 Capitol riot

by admin March 11, 2025
March 11, 2025
Trump Organization sues Capital One bank over account closures after Jan. 6 Capitol riot

The Trump Organization sued Capital One in Florida on Friday for allegedly “unjustifiably” closing more than 300 of the company’s bank accounts on the heels of the Jan. 6, 2021, riot at the U.S. Capitol by a mob of President Donald Trump’s supporters.

The lawsuit said that the Trump Organization and related entities “have reason to believe that Capital One’s unilateral decision came about as a result of political and social motivations and Capital One’s unsubstantiated, ‘woke’ beliefs that it needed to distance itself from President Trump and his conservative political views.”

“In essence, Capital One ‘de-banked’ Plaintiffs’ Accounts because Capital One believed that the political tide at the moment favored doing so,” the Trump Organization claims in the civil case filed in the Eleventh Judicial Circuit Court in Miami-Dade County.

The suit seeks a declaratory judgment that the bank improperly terminated the Trump companies’ accounts in June 2021, as well as punitive and other monetary damages for what the suit alleged was “the devastating impact” of the terminations on the companies’ ability to transact and access their funds.

The closures came more than four months after the riot at the U.S. Capitol, which began after Trump for weeks falsely claimed that he had won the 2020 presidential election over former President Joe Biden.

The suit’s named plaintiffs are the Donald J. Trump Revocable Trust, DJT Holdings, DJT Holdings Managing Member, DTTM Operations, and Eric Trump, the president’s son, who with his brother, Donald Trump Jr., runs the Trump Organization.

The complaint says the plaintiffs and affiliated entities held hundreds of accounts at Capital One for decades before they were closed. Eric Trump said the amount of damages suffered by the companies is “millions of dollars.”

Alejandro Brito, a lawyer who is representing the Trump Organization in the suit, told CNBC the company “is contemplating other suits against financial organizations that engaged in similar conduct.”

Brito said Capital One’s actions “was an attack on free speech.”

A spokesperson for the bank wrote in an email to CNBC, “Capital One has not and does not close customer accounts for political reasons.”

Eric Trump said in a statement, “The decision by Capital One to ‘debank’ our company, after well over a decade, was a clear attack on free speech and free enterprise that flies in the face of the bedrock principles and freedoms that define our country.”

“Moreover, the arbitrary closure of these accounts, without justifiable cause, reflects a broader effort to silence and undermine the success of the Trump Organization and those who dare to express their political views,” said Eric Trump.

This post appeared first on NBC NEWS

previous post
Here’s why banks don’t want the CFPB to disappear
next post
Additional Targets Identified from Gravity Geophysics at Wagyu Project, Pilbara WA

Related Posts

Walmart to pay $10 million to settle lawsuit...

June 24, 2025

FCC greenlights Paramount’s $8 billion merger with entertainment...

July 26, 2025

New Orleans prepares for Super Bowl 59, its...

February 8, 2025

Walmart is getting a bump from a surprising...

February 21, 2025

Here’s why banks don’t want the CFPB to...

March 11, 2025

Businesses are cautiously spending on corporate travel as...

July 24, 2025

Keurig Dr Pepper to buy Peet’s Coffee owner...

August 26, 2025

How a $5 million fix turned Paramount Pictures’...

March 5, 2025

U.S. judge finds Google holds illegal online ad...

April 19, 2025

Divided Fed proposes rule to ease capital requirements...

June 27, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • The Real Drivers of This Market: AI, Semis & Robotics

      September 25, 2025
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      September 25, 2025
    • Copper Prices Up as Freeport-McMoRan Announces Force Majeure at Grasberg

      September 25, 2025
    • Chris Marcus: Silver Price Breakout? What’s Happening, What’s Next

      September 25, 2025
    • Zeus Resources Limited

      September 25, 2025
    • Locksley Resources LimitedCEO and COO Appointed to Fast Track US Mine to Market Strategy

      September 25, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 crazyflux.com | All Rights Reserved