Property Transaction: In July 2008, Dmitry Rybolovlev purchased the Palm Beach estate known as Maison de L’Amitié from Donald Trump for $95 million. Donald Trump had purchased the property four years earlier for approximately $41 million.
• Property Demolition: Dmitry Rybolovlev never moved into the residence. In March 2016, the Palm Beach Architectural Commission approved the demolition of the mansion, and the property was subsequently subdivided into three separate lots for sale.
• Bank of Cyprus Connection: Dmitry Rybolovlev became a major shareholder in the Bank of Cyprus following the 2013 Cypriot financial crisis. At one point, he held an approximately 9.9% stake in the institution.
• Leadership Context: The email references Wilbur Ross, who served as the Vice Chairman of the Bank of Cyprus before being appointed as the U.S. Secretary of Commerce. It also mentions a Chairman who was a former CEO of Deutsche Bank, referring to Josef Ackermann.
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Russian oligarch: Dmitry Rybolovlev
Property Transaction: In July 2008, Dmitry Rybolovlev purchased the Palm Beach estate known as Maison de L’Amitié from Donald Trump for $95 million. Donald Trump had purchased the property four years earlier for approximately $41 million.
• Property Demolition: Dmitry Rybolovlev never moved into the residence. In March 2016, the Palm Beach Architectural Commission approved the demolition of the mansion, and the property was subsequently subdivided into three separate lots for sale.
• Bank of Cyprus Connection: Dmitry Rybolovlev became a major shareholder in the Bank of Cyprus following the 2013 Cypriot financial crisis. At one point, he held an approximately 9.9% stake in the institution.
• Leadership Context: The email references Wilbur Ross, who served as the Vice Chairman of the Bank of Cyprus before being appointed as the U.S. Secretary of Commerce. It also mentions a Chairman who was a former CEO of Deutsche Bank, referring to Josef Ackermann.
Following the Money: Russia, Cyprus, and the Trump Team’s Odd Business Dealings https://www.justsecurity.org/39409/money-russia-cyprus-trump-teams-odd-business-dealings/
Damn, what should I do with my saving account that is in Bank of Cyprus ?