29 November 2019

Tax Fraud and Loan Fraud

ProPublica broke the story on Wednesday (link here) that another building owned by Donald Trump showed substantial differences in key figures on documents submitted to tax authorities and to lenders.

This time the building in question is Trump Tower in Manhattan, the President's marquee property and site of both his home and offices.

As with two other properties where Trump reported wildly different figures to the taxman and his lender, once again the occupancy rate is markedly higher on loan documents than on tax filings.

This could indicate that anyone who signed the documents committed tax fraud or loan fraud — or both. Given that Trump himself and his three oldest adult children are all officers of his corporation, one or all of them could be subject to both state and federal criminal charges.

This well may be part of the reason that the Manhattan District Attorney has obtained a subpoena to review eight years worth of Trump's tax returns. And part of the reason Trump has fought in court to block that subpoena.

No comments:

Post a Comment

Speak up!