{"id":2561,"date":"2026-06-12T17:34:52","date_gmt":"2026-06-12T17:34:52","guid":{"rendered":"https:\/\/relocationtimess.com\/?p=2561"},"modified":"2026-06-12T17:34:52","modified_gmt":"2026-06-12T17:34:52","slug":"jan-6-debanking-probe-once-floated-as-way-to-pad-anti-weaponization-fund","status":"publish","type":"post","link":"https:\/\/relocationtimess.com\/?p=2561","title":{"rendered":"Jan. 6 debanking probe once floated as way to pad anti-weaponization fund"},"content":{"rendered":"<div>\n<div>\n<p>\n            A Justice Department probe examining whether some of the nation\u2019s biggest banks closed accounts of defendants charged in the 2021 Capitol riot and others for political reasons had been raised to the Trump administration as a way to support it\u2019s efforts to compensate people the president claims were victims of weaponization, according to people briefed on the matter.\n    <\/p><p>Read more <a href=\"https:\/\/relocationtimess.com\/?p=2557\">A submersible ride revealed a vast whale graveyard. And it holds more than just bones<\/a><\/p>\n<p>\n            Some of the president\u2019s allies in recent months have suggested to administration officials that any possible settlements from the debanking probe could be used to compensate Trump supporters who the president believes suffered financial harm because of their involvement in the January 6 attack, the people familiar with the matter said.\n    <\/p>\n<p>\n            The idea was among other funding mechanisms discussed, according to people familiar with the matter.\n    <\/p>\n<p>\n            Acting Attorney General Todd Blanche earlier this month backed off plans to set up a nearly $1.8 billion fund as part of an agreement under which President Donald Trump withdrew a lawsuit against the IRS over a 2019 leak of his tax records. Despite bipartisan backlash against the fund \u2014 which was initially supposed to be backed by the US Treasury \u2014 Trump has said he hasn\u2019t abandoned the idea of finding a way to compensate his supporters who he claims were unfairly targeted by the government.\n    <\/p>\n<p>\n            The next iteration of a funding mechanism to compensate people who believe they were harmed by the Justice Department may not be called the \u201canti-weaponization fund\u201d \u2014 or be bankrolled by the government itself \u2014 but the goal remains the same, according to people familiar.\n    <\/p>\n<p>\n            Even before the concept of a formal fund, people who believe they have been wrongly prosecuted by the government have the ability to sue the government and receive compensation in the form of settlements.\n    <\/p>\n<p>\n            As many as 10 banks, including Bank of America, Wells Fargo and JPMorgan Chase, are the subject of an ongoing probe since last year that has focused on so-called debanking of Trump supporters and conservatives, the people briefed on the matter said.\n    <\/p>\n<p>\n            The president last August issued an executive order targeting banks that he said engaged \u201cin unacceptable practices to restrict law-abiding individuals\u2019 and businesses\u2019 access to financial services on the basis of political or religious beliefs or lawful business activities.\u201d\n    <\/p>\n<div>\n<header>\n<span>\n      Related article\n    <\/span>\n<\/header>\n<section>\n<div>\n<div>\n<div>\n\n<figure class=\"wp-block-image size-full\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" alt=\"Acting Attorney General Todd Blanche arrives for a closed-door meeting with Republican senators who are expected to abandon a proposal for $1 billion in security money for the White House complex and President Donald Trump's ballroom after it has failed to win enough party support, at the Capitol in Washington, DC, on May 21.\" class=\"wp-image-2560\" height=\"144\" src=\"https:\/\/relocationtimess.com\/wp-content\/uploads\/2026\/06\/e64f026b5aa9eaa7ff99a157136fc927.jpg\" width=\"256\"\/><\/figure>\n<\/figure>\n\n<\/div>\n<div>\n<div>\n<div>\n<div>\n<span>Acting Attorney General Todd Blanche arrives for a closed-door meeting with Republican senators who are expected to abandon a proposal for $1 billion in security money for the White House complex and President Donald Trump&#8217;s ballroom after it has failed to win enough party support, at the Capitol in Washington, DC, on May 21.<\/span>\n<\/div>\n<figcaption>J. Scott Applewhite\/AP<\/figcaption>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div>\n<p>\n<span>Trump administration puts in writing to courts that the $1.8B \u2018anti-weaponization\u2019 fund is dead<\/span>\n<\/p>\n<div>4  min read<\/div>\n<\/div>\n<\/section>\n<\/div>\n<p>\n            Subpoenas issued in recent months by prosecutors in District of Columbia U.S. Attorney Jeanine Pirro\u2019s office are the latest indicator of the administration\u2019s interest in finding a way to punish banks for closing accounts, including those belonging to the president and the Trump Organization.\n    <\/p><p>Read more <a href=\"https:\/\/relocationtimess.com\/?p=2547\">Exclusive: US military rushed to prepare ground mission to capture Iran\u2019s uranium, but Trump paused it, sources say<\/a><\/p>\n<p>\n            The probe is focused on whether banks discriminated against conservatives and industries disfavored by the Biden administration, including people who were involved in the Jan. 6 attack on the US Capitol, the people familiar with the probe said. A spokesman for Pirro\u2019s office declined to comment.\n    <\/p>\n<p>\n            The Wall Street Journal earlier reported the subpoenas issued by Pirro\u2019s office.\n    <\/p>\n<p>\n            Trump and his company have separately filed lawsuits against some banks who ended banking relationships after January 6, 2021.\n    <\/p>\n<p>\n            Bank of America, JP Morgan Chase and Wells Fargo have declined to comment for this story.\n    <\/p>\n<p>\n            Prosecutors are examining whether the banks\u2019 conduct violated a number of laws including the Financial Institutions Reform, Recovery, and Enforcement Act, which allows financial penalties for fraud and other violations, according to one person briefed on the matter.\n    <\/p>\n<p>\n            US banking regulators in recent months have issued new guidelines removing the use of \u201creputation risk,\u201d which Trump administration critics say were used to debank the president\u2019s supporters, as a factor in assessing banking practices.\n    <\/p>\n<p>\n            In court this week, Justice Department lawyers assured a federal judge that the government was no longer pursuing the program announced last month. Federal Judge Richard Leon rejected requests from a watchdog group to intervene in the matter, saying \u201cThis case appears to be moot,\u201d though he warned the government: \u201cDon\u2019t play possum with this court.\u201d\n    <\/p>\n<p>\n            The banks previously were also scrutinized by the Office of the Comptroller of the Currency, which in December issued a preliminary finding that nine major banks \u201cmade inappropriate distinctions among customers in the provision of financial services on the basis of their lawful business activities.\u201d\n    <\/p>\n<p>\n            The OCC review followed Trump\u2019s executive order which said that \u201csome financial institutions participated in Government-directed surveillance programs targeting persons participating in activities and causes commonly associated with conservatism and the political right following the events that occurred at or near the United States Capitol on January 6, 2021.\u201d\n    <\/p>\n<p>\n            The OCC has said that its review is ongoing, which is separate from the probe led by Pirro\u2019s office. A spokeswoman for the OCC didn\u2019t immediately respond to a request for comment.\n    <\/p><p>Read more <a href=\"https:\/\/relocationtimess.com\/?p=2545\">Social media use at a young age is linked to earlier experimentation with drugs and alcohol<\/a><\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A Justice Department probe examining whether some of the nation\u2019s biggest banks closed accounts of defendants charged in the 2021 Capitol riot and others for political reasons has been raised to the Trump administration as a way to support it\u2019s efforts to compensate people the president claims were victims of weaponization, according to people briefed on the matter.<\/p>\n","protected":false},"author":1,"featured_media":2558,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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