\n
![](\"https:\/\/kubrick.htvapps.com\/htv-prod-media.s3.amazonaws.com\/images\/gettyimages-647507636-67cb5d5869d57.jpg\")
<\/p>\n
\n<\/p>\n
\n\t\t\t\t\t\tPresident Donald Trump\u2019s business trust sued Capital One for closing its bank accounts in 2021, claiming the North Carolina lender \u201cdebanked\u201d them over their political views causing \u201cconsiderable financial harm.\u201dThe lawsuit, which was filed by the Donald J Trump Revocable Trust and Eric Trump in Miami-Dade Circuit Court on Friday, accuses the bank of violating Florida and other state consumer laws and is seeking damages.Trump claims his business was harmed when Capital One abruptly notified them in March 2021 that hundreds of bank accounts holding millions of dollars would be closed in two months. The lawsuit claims more broadly consumers are losing access to the banking system because of differences in political views.\u201cPlaintiffs have reason to believe that Capital One\u2019s unilateral decision came about as a result of political and social motivations and Capital One\u2019s unsubstantiated, \u2018woke\u2019 beliefs that it needed to distance itself from President Trump and his conservative political views,\u201d according to the lawsuit.\u201cCapital One\u2019s conduct is but one example of a systemic, subversive industry practice that aims to coerce the public to shift and re-align their political views,\u201d the lawsuit alleges.CNN has reached out to Capital One for comment.Trump said he was informed on March 8, 2021, that the accounts would be closed in June causing them widespread harm.\u201cPlaintiffs suffered considerable financial harm and losses caused not only by the interruption to their access to Capital One\u2019s banking services, but also by the devastating impact on Plaintiffs\u2019 ability to transact and access their monies,\u201d according to the lawsuit.Other financial institutions, including Deutsche Bank and Signature Bank, stopped doing business with Trump in early 2021 following the attack on the U.S. Capitol.The account closure also came while the Trump family and the Trump Organization, which is fully owned by the trust, were facing civil and criminal investigations over its finances.Its long-time accountants were subpoenaed for financial records by the Manhattan district attorney\u2019s office. Employees at Trump\u2019s insurer and one of its lenders, Deutsche Bank, were interviewed by prosecutors. The New York attorney general\u2019s office interviewed Trump\u2019s long-time chief financial officer as part of its civil investigation.Two Trump Organization entities were indicted on tax fraud charges that July and found guilty at trial. The following year, the attorney general\u2019s office sued the Trumps and its business for engaging in a decade long fraud. A New York state judge found the Trumps liable for fraud for inflating the value of certain assets to obtain loans and issued a $454 million judgement, which is on appeal.\n\t\t\t\t\t<\/p>\n
President Donald Trump\u2019s business trust sued Capital One for closing its bank accounts in 2021, claiming the North Carolina lender \u201cdebanked\u201d them over their political views causing \u201cconsiderable financial harm.\u201d<\/p>\n
The lawsuit, which was filed by the Donald J Trump Revocable Trust and Eric Trump in Miami-Dade Circuit Court on Friday, accuses the bank of violating Florida and other state consumer laws and is seeking damages.<\/p>\n
<\/p>\n
<\/p>\n
Trump claims his business was harmed when Capital One abruptly notified them in March 2021 that hundreds of bank accounts holding millions of dollars would be closed in two months. The lawsuit claims more broadly consumers are losing access to the banking system because of differences in political views.<\/p>\n
\u201cPlaintiffs have reason to believe that Capital One\u2019s unilateral decision came about as a result of political and social motivations and Capital One\u2019s unsubstantiated, \u2018woke\u2019 beliefs that it needed to distance itself from President Trump and his conservative political views,\u201d according to the lawsuit.<\/p>\n
\u201cCapital One\u2019s conduct is but one example of a systemic, subversive industry practice that aims to coerce the public to shift and re-align their political views,\u201d the lawsuit alleges.<\/p>\n
CNN has reached out to Capital One for comment.<\/p>\n
Trump said he was informed on March 8, 2021, that the accounts would be closed in June causing them widespread harm.<\/p>\n
\u201cPlaintiffs suffered considerable financial harm and losses caused not only by the interruption to their access to Capital One\u2019s banking services, but also by the devastating impact on Plaintiffs\u2019 ability to transact and access their monies,\u201d according to the lawsuit.<\/p>\n
Other financial institutions, including Deutsche Bank and Signature Bank, stopped doing business with Trump in early 2021 following the attack on the U.S. Capitol.<\/p>\n
The account closure also came while the Trump family and the Trump Organization, which is fully owned by the trust, were facing civil and criminal investigations over its finances.<\/p>\n
Its long-time accountants were subpoenaed for financial records by the Manhattan district attorney\u2019s office. Employees at Trump\u2019s insurer and one of its lenders, Deutsche Bank, were interviewed by prosecutors. The New York attorney general\u2019s office interviewed Trump\u2019s long-time chief financial officer as part of its civil investigation.<\/p>\n
Two Trump Organization entities were indicted on tax fraud charges that July and found guilty at trial. The following year, the attorney general\u2019s office sued the Trumps and its business for engaging in a decade long fraud. A New York state judge found the Trumps liable for fraud for inflating the value of certain assets to obtain loans and issued a $454 million judgement, which is on appeal.<\/p>\n<\/p><\/div>\n