Thanks A.I! I Couldn’t Have Been Deceived Without You! I Also Needed to Dodge a Paywall to Get the Last Answer From an Article.
(media.conspiracies.win)
Fake News
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This is the NYT being obtuse and over simplifying things to make their story more interesting. A shell company designed to manage one persons business and finances wouldn't be considered a bank in most circumstances.
I mean a bank usually services a group of people, as in a traditional bank that services the public, or even a private bank that has limited clientele -- which is generally more than 1 person.
"Traditional banks" are now allowed to loan out money that they don't have at a rate of 1:0. So, if this shell company actually had to HAVE the money it was moving, then, no. It was closer to a credit union, and not as corrupt as a traditional bank.
¯\(ツ)/¯