Eric Trump, Executive Vice President of the Trump Organization, and second eldest son of President Donald Trump, announced in a social media post Friday afternoon that his company has filed a major lawsuit against the Capital One bank for their unjustifiable targeting.
Fox News explained: 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.
Below is Eric Trump’s full statement:
Today, the Trump Organization filed a lawsuit in Miami-Dade County against @CapitalOne to hold the bank accountable for their egregious conduct in unjustifiably terminating over 300 of the company’s bank accounts without cause, in 2021.
The decision by Capital One to “debank” our company, after well over a decade, was a clear attack on free speech and free enterprise that flies in the face of the bedrock principles and freedoms that define our country. Moreover, the arbitrary closure of these accounts, without justifiable cause, reflects a broader effort to silence and undermine the success of the Trump Organization and those who dare to express their political views.
By filing this lawsuit, we seek to hold Capital One accountable for the millions of dollars in damages they caused, not just to our company, but to the many dozens of properties, hundreds of tenants and thousands of Trump Organization employees who relied on these accounts for their livelihoods.
Businesses should not be targeted or punished for their political affiliations. The actions taken by Capital One and other major financial institutions represents a dangerous precedent that could threaten the operations of countless businesses across the nation, particularly those with a strong and independent voice.
This lawsuit, and those that follow, are necessary steps to protect the integrity of American business practices and to ensure that no company or individual is unfairly targeted for their beliefs, affiliations, or business activities. We will not stand by while big banks misuse their power to stifle businesses and harm innocent Americans.
Today, the Trump Organization filed a lawsuit in Miami-Dade County against @CapitalOne to hold the bank accountable for their egregious conduct in unjustifiably terminating over 300 of the company’s bank accounts without cause, in 2021.
The decision by Capital One to “debank”…
— Eric Trump (@EricTrump) March 7, 2025
CLICK HERE to see a copy of the official lawsuit.
Trump Organization, Eric Trump sue Capital One for ‘unjustifiable’ 2021 debanking based on ‘woke’ beliefs https://t.co/avV9Zk5r7t
— Fox News (@FoxNews) March 7, 2025
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