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The John Batchelor Show

S8 Ep517: Craig Unger reports that the Trump brand served as a status symbol for Russian oligarchs, facilitating money laundering in failed developments while FBI counterintelligence efforts reportedly failed to intervene. 14.

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 26 February 2026

⏱️ 6 minutes

🧾️ Download transcript

Summary

Craig Unger reports that the Trump brand served as a status symbol for Russian oligarchs, facilitating money laundering in failed developments while FBI counterintelligence efforts reportedly failed to intervene. 14.
1914

Transcript

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0:00.0

I'm John Matthew with Craig Unger, the author of American Compromat and House of Trump, House of Putin.

0:21.5

And we're following the money. Hollywood's advice is always well taken. And the money here is not

0:27.2

Trump's problem. He is franchising his name because it has great weight in Russia and we believe

0:36.6

we're out Asia. We're going to Baku because I've

0:39.0

traveled to Baku many times over these last years. I have good friends there. It's an oil

0:44.6

rich, very small country on the Caspian Sea. And as you drive into the capital from the airport,

0:52.2

tower after tower under construction in the years I was

0:55.0

traveling there between 2017 and my last trip was right after the war in 2020.

1:01.8

Tower after tower going up for new homes for the well-to-do because the oligarchy that was

1:08.9

a Soviet state turned into an oligarchy that's an oil-rich state, oil and gas,

1:14.8

and it has the terminus that begins the line of natural gas all the way to Europe. So it's a

1:21.1

vital part of European security. At one point, the money that we've talked about in Panama comes to Baku and Craig again it's a

1:34.2

new cast of characters but there are a lot of Russian names here how did it work well it's the same

1:41.5

really variations on the same formula that they were using in Panama and Toronto and Soho.

1:50.6

And again, Trump did not develop this. He did not put a dime into it. The original development did not work, actually.

1:58.8

As you said, when you were there, it was under the eages

2:02.5

of Ritz Carlton. But they picked it up after the Trump development completely failed.

2:09.4

So I think the important point here is that it didn't matter that it didn't work.

2:15.9

No one really lost money. You're dealing with mobsters.

2:19.6

They're laundering their money and they expect you don't get a hundred cents on the dollar when you

2:25.4

launder money. And Trump took a little slice of it every time without putting up a dime himself.

2:31.5

You have a picture, a photograph in your article at Substack.

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