Ivanka Trump, daughter of US President Donald Trump, faces allegations that the jewelry company bearing her name has been implicated in a money laundering scheme.
According to the fashion magazine GQ, a lawsuit filed in the South New York County Court last summer alleged that the Ivanka Trump jewelry company was used to hide the wealth of foreign wealthy people.
In June, Dubai Commercial Bank sought a permit to present a note on the Ivanka Trump jewelry company, pointing out that the company was used to conceal its funds and that the plan included $ 100 million.
"The real estate assets are in many cases the source of money that the owners seek to hide because the investment is not subject to much formal transactions," the magazine said. "But jewelry companies can absorb mountains of unknown funds in a number of small diamonds Which is easy to hide and smuggle them from the borders of States and then restore them again in a legitimate way. "
It is noteworthy that Ivanka Trump created the company that bears its name about a decade ago.