Eric Trump told Fox News Digital he will hold major corporations accountable for the "egregious nature of canceling based on political bias." (Curtis Means -Pool/Getty Images)
HERE'S WHAT CAN BE DONE ABOUT DEBANKING, THE UN-AMERICAN ABUSE OF POWER BY REGULATORS
On March 8, 2021, Capital One notified Trump and plaintiffs that hundreds of bank accounts that they controlled, were beneficiaries of and actively used to transact would be closed June 7, 2021. According to the lawsuit, Capital One did not provide Trump and plaintiffs any "recourse, remedy, or alternative—its decision was final."
The accounts affiliated with the Trump Organization held millions of dollars belonging to them and their affiliated entities.
Trump told Fox News Digital Friday that 300 business accounts were terminated, as well as various accounts belonging to numerous Trump family members.
The Trump Organization, according to the lawsuit, has "deposited, transacted, and leveraged hundreds of millions of dollars with Capital One to grow and scale these businesses." The lawsuit states that "Capital One has profited from Plaintiffs’ substantial deposits, impeccable creditworthiness, and the prestige associated with having a business relationship with President Trump."
According to the lawsuit, Capital One did not provide Trump and plaintiffs any advance notice and "unilaterally terminated" the accounts.
The entrance of the Trump Tower on October 24, 2022 in New York City. (Leonardo Munoz/VIEWpress)
"Plaintiffs file this action to redress the harm they and their affiliated entities have suffered and shed light on a matter of great public interest and importance," it states.
SENATE BANKING PANEL HEARS DEBANKING TESTIMONY: 'EXTREMELY DISRUPTIVE'
Eric Trump spoke exclusively to Fox News Digital Friday after filing the lawsuit to describe the "damage caused by the bank," and the "weaponization seen in corporate America and by big banks that are otherwise monopolistic."
"Capital One is supposed to represent Americans fairly," Trump told Fox News Digital. "Canceling golf courses; canceling residential buildings, retail outfits that impact the livelihoods of tens of thousands of employees is egregious and damaging and wrong in the United States of America—especially after having a flawless relationship for more than a decade."
Eric Trump told Fox News Digital that the American people are "tired of the weaponization in corporate America." (Win McNamee/Getty Images)
Trump told Fox News Digital that the American people are "tired of the weaponization in corporate America."
"I can’t tell you how hard it is to change more than 300 bank accounts — and for no reason whatsoever," Trump said. "These were hotels and golf courses, residential buildings and commercial buildings, retail outlets and skating rinks and parking garages — there was no political affiliation. These were not political entities."
Trump added: "The only common denominator was that they wore the Trump name."
TRUMP CONFRONTS BANK OF AMERICA CEO FOR NOT TAKING 'CONSERVATIVE BUSINESS'
"America is sick and tired of political lawfare," Trump told Fox News Digital. "As a person and as a company, I won’t stand for major corporations that seek to inflict incredible harm and damage on people who might have opposing views."
He added: "I will hold them and others accountable. This is just the beginning."
Sources familiar have indicated that Chase, Bank of America and TD Bank also banked Trump at the time and could face similar legal action in the days and weeks to come.
Capital One did not immediately respond to Fox News Digital's request for comment.
Brooke Singman is a political correspondent and reporter for Fox News Digital, Fox News Channel and FOX Business.
https://www.foxnews.com/politics/trump-organization-eric-trump-sue-capital-one-unjustifiable-2021-debanking-based-woke-beliefs