Trump’s Banker At Deutsche Bank, Rosemary Vrablic, Removed After Internal Investigation
Rosemary Vrablic, former President Donald Trump’s personal contact at Deutsche Bank, was ousted from her position as managing director of wealth management business in New York after an internal investigation found that she “engaged in undisclosed activities related to a real estate investment.”
Vrablic was “permitted to resign” after the investigation’s findings.
Deutsche Bank’s investigation concerned a 2013 deal between Vrablic and Bergal 715 Associates. According to a governmental financial disclosure report, Jared Kushner had some holdings in Bergal 715.
Deutsche Bank specified that Vrablic purchased a property “from a client-managed entity” without notifying her employer of the conflict of interest. Vrablic’s partners for the 2013 transaction were Dominic Scalzi, who was Vrablic’s subordinate, and Sclazi’s nephew who also worked at Deutsche Bank. The two also resigned from the bank alongside Vrablic.
Deutsche Bank’s investigation began after a 2020 New York Times piece discovered that Vrablic and two colleagues purchased a $1.5 million apartment on the Manhattan side of Park Avenue.
Vrablic was an effective insider for Trump at Deutsche Bank. After defaulting on a loan from Deutsche Bank, Vrablic convinced the bank to loan Trump another $340 million to fund golf courses as well as the Trump International Hotel in D.C..
Vrablic was also a V.I.P. guest at Trump’s 2016 inauguration.
Since Trump’s involvement in the January 6 riots in the Capitol building, Deutsche Bank has formally severed ties with Trump and the Trump Organization. Trump currently owes Deutsche Bank more than $330 million which will become due in 2023 and 2024.