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malenipshadows · 3 years

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+ The Tr*mp Organization's legal team anticipates the company will be accused of tax crimes relating to alleged failure to pay taxes on corporate benefits and perks, including cars and apartment buildings provided to employees. + "They didn't use the word 'fringe benefits' or anything like that, but they alleged improper benefits that were conferred on some of the high-ranking individuals in the Tr*mp Organization," Fischetti said. + During last Thursday's meeting (6-24-2021), prosecutors left attorneys for Mr. Tr*mp and his company with the distinct impression that they planned to proceed with charges in the coming days, possibly as early as this week. + The decision to bring charges against the company itself — instead of company employees — could give prosecutors leverage to demand changes on the corporate level or levy fines as part of a negotiated settlement.

#Donald Dunce #crooked Donald #Tr*mp Organization owes Deutsche Bank $300 million #Allen Weisselberg the Tr*mp Organization CFO #Marc Mukasey an attorney representing Matt Gaetz & Tr*mp Organization #Barry Weisselberg son of tr*mp organization CFO #follow the money #tr*mp WH most corrupt regime in U.S. history #tr*mp lies constantly #tr*mp lies on U.S. income tax returns #Manhattan D.A. convenes grand jury in Tr*mp criminal probe #Manhattan D.A. subpoenaes Drumpf personal & corporate tax returns #Cy Vance the Manhattan D.A.#drumpf personal & corporate income tax returns #Tr*mp intentionally skirts U.S. income tax laws

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malenipshadows · 3 years

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+ The news comes weeks after it was revealed that Michael Cohen, former pres-ident Donald Tr*mp's one-time personal attorney, had been interviewed multiple times by Manhattan's district attorney. + The district attorney's criminal inquiry has focused on whether the Tr*mp Organization -- an umbrella company for the former president's business interests -- engaged in tax and insurance fraud, among other crimes. + Speaking to Insider, Cohen said his former boss should expect more bad news. "As more documents are reviewed by the NYAG and NYDA, it appears that the troubles for Donald Tr*mp just keep on coming," he said. "Soon enough, Donald and Associates will be held responsible for their actions," Cohen added. + Attorney General Letitia James's office had been working with Manhattan District Attorney Cy Vance's Office since 2019. Vance is looking at documents

including Tr*mp's tax returns to see if the former president's organization misled lenders about the value of their properties and paid appropriate taxes. + Last week (10 to 14 May 2021), prosecutors from Vance's office subpoenaed Columbia Grammar & Preparatory School, an elite private school attended by Tr*mp Organization CFO Allen Weisselberg's grandchildren. The children's mother, Jennifer Weisselberg, previously told Insider that Tr*mp would include school tuition in compensation packages to her husband, Barry Weisselberg. + Prosecutors are looking into whether including tuition in the compensation package allowed Barry or Allen Weisselberg to avoid paying taxes. + A spokesperson for the former president did not immediately return a request for comment.

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malenipshadows · 3 years

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‘As Soon as Tr*mp Leaves Office, He Faces Greater Risk of Prosecution’

“As Soon as Tr*mp Leaves Office, He Faces Greater Risk of Prosecution,” by William K. Rashbaum and Benjamin Weiser; The New York Times. Published online 11-13-2020.

+ Presi-dent Tr*mp lost more than an election last week. When he leaves the White House in January, he will also lose the constitutional protection from prosecution afforded to a sitting president. + After Jan. 20, Mr. Tr*mp, who has refused to concede and is fighting to hold onto his office, will be more vulnerable than ever to a pending grand jury investigation by the Manhattan district attorney into the presi-dent’s family business and its practices, as well as his taxes. + The two-year inquiry, the only known active criminal investigation of Mr. Tr*mp, has been stalled since last fall, when the presi-dent sued to block a

subpoena for his tax returns and other records, a bitter dispute that for the second time is before the U.S. Supreme Court. A ruling is expected soon. + Mr. Tr*mp has contended that the investigation by the district attorney, Cyrus R. Van ce Jr., a Democrat, is a politically motivated fishing expedition. But if the Supreme Court rules that Mr. Van ce is entitled to the records, and he uncovers possible crimes, Mr. Tr*mp could face a reckoning with law enforcement — further inflaming political tensions and raising the startling specter of a criminal conviction, or even prison, for a former president. + “He’ll never have more protection from Va nce than he has right now,” said Stephen I. Vladeck, a law professor at the University of Texas. “Va nce has been the wild card here,” Professor Vladeck added. “And there is very little that even a new administration that wants to let bygones be bygones could do formally to stop him.” + A lawyer for the presi-dent, Jay Sekulow, declined to comment through a spokesman. + The district attorney’s investigation of a sitting president has taken on even greater significance because Mr. Tr*mp’s past use of his presidential power — pardoning those close to him charged with federal crimes — suggests he will make liberal use of the pardon pen on behalf of associates, family members and possibly even himself, as he claimed he has the right to do. + But his pardon power does not extend to state crimes, like the possible violations under investigation by Mr. Vance’s office. Mr. Vance’s inquiry could take on outsized importance if the incoming Biden administration, in seeking to unify the country and avoid the appearance of retaliation against Mr. Trump, shies away from new federal investigations. + Such a move would not bind the district attorney, an independent elected state official. Mr. Vance’s lawyers acknowledged during the court fight over the subpoena that the Constitution bars them from prosecuting a president while in office, but the district attorney has said nothing about what might happen once Mr. Tr*mp leaves the White House. + Danny Frost, a spokesman for Mr. Vance, declined to comment. It remains unclear whether the office will determine that crimes were committed and choose to prosecute Mr. Tr*mp or anyone in his orbit. + Mr. Vance’s actions in the coming months are likely to put him under increasing political scrutiny. Mr. Tr*mp will leave the White House amid calls for him to face criminal charges and a drumbeat of strident criticism from the left that he has evaded any legal consequences for his conduct over the years. + On the one hand, Mr. Vance could face pressure to forsake any charges to allow the country to move forward after a contentious presidential election. On the other, the district attorney was sharply criticized for his 2012 decision not to seek an indictment against Mr. Tr*mp’s children, Ivanka Trump and Donald J. Tr*mp Jr., after they were accused of misleading investors in a condo-hotel project. Mr. Vance has said that after a two-year investigation, his office could not prove a crime was committed. + Some legal experts said it would send the wrong message if Mr. Vance had evidence to justify charges but decided to walk away from a prosecution of Mr. Tr*mp. “That would put the president above the law,” said Anne Milgram, a former assistant district attorney in Manhattan and Democratic attorney general in New Jersey and a frequent critic of Mr. Tr*mp. + And because Mr. Tr*mp repeatedly has complained that the investigation was part of a broad partisan witch hunt, any decision to end it once the presi-dent left office could be seen as a tacit acknowledgment that such criticism was justified. + Few facts have been publicly disclosed about the course of the district attorney’s investigation or the people or potential crimes being examined because the inquiry is shielded by grand jury secrecy. But during the legal battle over Mr. Vance’s subpoena, which sought eight years of Mr. Tr*mp’s personal and corporate tax returns and other records from his accounting firm, prosecutors suggested in court papers that they were investigating a range of potential financial crimes. They include insurance fraud and criminal tax evasion, as well as grand larceny and scheming to defraud — which together are New York State’s equivalent of federal bank fraud charges. + And prosecutors argued in court that the documents they had demanded from the accounting firm, Mazars USA, represented “central evidence” for their investigation. But they have provided little in the way of specifics beyond citing multiple news reports that detailed a range of potential criminal conduct by the presi-dent and his associates, including a series of 2018 New York Times articles that outlined possible tax crimes committed by Mr. Tr*mp based on a detailed analysis of some of his tax return data obtained by the newspaper. + Mr. Tr*mp, before and during his presidency, declined to publicly release his tax returns, breaking with 40 years of White House tradition, and he vigorously fought attempts by Congress and state lawmakers to obtain them. + The district attorney’s inquiry, which began in the summer of 2018, was first thought to focus on hush money payments made on behalf of Mr. Tr*mp just days before the 2016 presidential election to an adult film star who had claimed she had an affair with him. + But the subpoena for Mr. Tr*mp’s tax returns underscores an apparent greater focus on potential tax crimes, which tax experts, former prosecutors and defense lawyers agree can be among the toughest cases for the government to win at trial. + “The burden of proof is substantial,” said William J. Comiskey, a former longtime state prosecutor of white-collar and organized crime cases who later oversaw enforcement at New York’s Department of Taxation and Finance. That, in large measure, is because prosecutors must prove that the defendant actually intended to evade taxes, Mr. Comiskey said. + And tax cases can be boring for jurors. “They involve a complicated set of rules and numbers, and it’s hard for jurors — or anyone — to keep their focus through days and days of testimony,” said Amy Walsh, who handled tax cases as a federal prosecutor and later as a defense lawyer at a firm that specialized in tax matters. + The challenge in presenting such cases to a jury is compounded without a cooperating witness who can serve as a guide through complex financial strategies and records, or emails or other statements containing admissions, experts said. “They need a smoking gun or they need someone to flip,” said Daniel J. Horwitz, who brought tax and complex fraud cases during more than eight years in the Manhattan district attorney’s office and is now a white-collar defense lawyer. + It is unknown whether Mr. Vance’s prosecutors have obtained the cooperation of any insiders for their investigation, but another consequence of Mr. Tr*mp’s departure from office and loss of the power of the presidency could be that it would be easier for them to do so. + In addition to Mr. Vance’s inquiry, Mr. Tr*mp also faces continuing scrutiny by New York State’s attorney general — who he has also claimed has targeted him out of partisan rancor.In his lawsuit seeking to block the grand jury subpoena, Mr. Tr*mp’s lawyers quoted 2018 campaign statements by the attorney general, Letitia James, a Democrat, saying they were part of a “campaign to harass the president.” They cited one statement, for example, in which she said Mr. Tr*mp should worry because “we’re all closing in on him.” + Last year, Ms. James’s office opened a civil fraud investigation into Mr. Tr*mp’s businesses. As recently as last month, Mr. Tr*mp’s son Eric, after months of delays, was questioned under oath by the office’s lawyers. + Rebecca Roiphe, a former assistant district attorney in Manhattan who teaches legal ethics and criminal law at New York Law School, said Ms. James’s earlier statements made it appear there was some truth to the accusation that people who were investigating Mr. Tr*mp were “at least capitalizing on that from a political perspective. ”The only way for Mr. Vance to avoid that perception, Professor Roiphe said, was “to have a rock-solid case with overwhelming evidence, which will help convince the public that they’re holding the former presi-dent accountable for criminal acts.” + Ms. James, in response to criticism from Mr. Tr*mp last year, tweeted that her office “will follow the facts of any case, wherever they lead.” She added: “Make no mistake: No one is above the law, not even the Presi-dent.” + One thing seems likely: Defending against a white-collar investigation, even as a former presi-dent, will be challenging, stressful and disruptive for Mr. Tr*mp, said Daniel R. Alonso, who was Mr. Vance’s top deputy from 2010 to 2014 and is now in private practice. “There are subpoenas and seizures and documents all over the place, as well as constant meetings with lawyers,” Mr. Alonso said, adding, “It would certainly not be pleasant for him.”

#Donald Dunce #crooked donald fails to accept u.s. presidential election results #Tr*mp intentionally skirts U.S. income tax laws #tr*mp lies on U.S. income tax returns #Drumpf is worst US president ever #drumpf personal & corporate income tax returns #tr*mp lies constantly #Tr*mp an embarrassment to the USA #Manhattan D.A. subpoenaes Drumpf personal & corporate tax returns #tr*mp cannot hide tax returns forever

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malenipshadows · 3 years

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+ The district attorney’s investigation of a sitting president has taken on even greater significance because Mr. Tr*mp’s past use of his presidential power — pardoning those close to him charged with federal crimes — suggests he will make liberal use of the pardon pen on behalf of associates, family members and possibly even himself, as he claimed he has the right to do. + But his pardon power does not extend to state crimes, like the possible violations under investigation by Mr. Vance’s office. + Mr. Vance’s inquiry could take on outsized importance if the incoming Biden administration, in seeking to unify the country and avoid the appearance of retaliation against Mr. Tr*mp, shies away from new federal investigations. Such a move would not bind the district attorney, an independent elected state official.

#Donald Dunce #crooked donald whines & tries to subvert election process #Tr*mp intentionally skirts U.S. income tax laws #tr*mp lies on U.S. income tax returns #drumpf personal & corporate income tax returns #Manhattan D.A. subpoenaes Drumpf personal & corporate tax returns #tr*mp cannot hide tax returns forever #tr*mp lies constantly #Tr*mp an embarrassment to the USA #Tr*mp administration a disaster - believe me

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malenipshadows · 3 years

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+ “It has to do with (Tr*mp’s) finances, it has to do with his tax returns, it has to do with his properties, it has to do with the personal financial statements that he had made and provided in order to obtain loans," Cohen said on CBSN Thursday. + A number of investigations could cause legal trouble for Mr. Tr*mp after he leaves office in January, including potential congressional inquiries as well as probes by the attorneys general of New York and Washington, D.C. and the Manhattan district attorney. + Cohen said he had been questioned by the state attorney general's team and the district attorney's office and claimed investigators are "well-prepared" with their evidence to "move relatively quickly" in their probes.

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malenipshadows · 3 years

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+ In a court filing Tuesday, they expressed concern that Democrats could seize the long-hidden filings without notice once President-elect Joe Biden takes office. + House Democrats sued the Treasury Department to hand over six year’s worth of Tr*mp’s personal and business records under an arcane law allowing the heads of Congress’s tax committees to examine anyone’s confidential tax information. Treasury Secretary Steven Mnuchin has refused, calling it an illegitimate request. + But the incoming administration, set to take over Wednesday with Biden’s swearing in, could simply hand over the returns to congressional Democrats without Tr*mp even knowing.

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malenipshadows · 3 years

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((( I hope we will see the words Tr*mp criminal together often for years to come. ))) + District Attorney Cyrus R. Vance Jr. opened the investigation in 2018 to examine alleged hush-money payments made to two women who, during Tr*mp’s first presidential campaign, claimed to have had affairs with him years earlier. The probe has since expanded, and now includes the Tr*mp Organization's activities more broadly, said the people familiar with the matter. + Vance’s office has suggested in court filings that bank, tax and insurance fraud are areas of exploration. + Vance has contracted with FTI Consulting to look for anomalies among a variety of property deals, and to advise the district attorney on whether the president’s company manipulated the value of certain assets to obtain favorable interest rates and tax breaks, according to a person with knowledge of the investigation who, like others, spoke on the condition of anonymity because the matter remains highly sensitive. The probe is believed to encompass transactions spanning several years.

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malenipshadows · 3 years

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+ Mr. *has told others that he is concerned that a Biden Justice Department might seek retribution against the president by targeting the oldest three of his five children — Donald Tr*mp Jr., Eric Tr*mp and Ivanka Tr*mp — as well as Ms. Tr*mp’s husband, Jared Kushner, a White House senior adviser. + Donald Tr*mp Jr. had been under investigation by Robert S. Mueller III, the special counsel, for contacts that the younger Mr. Tr*mp had had with Russians offering damaging information on Hillary Clinton during the 2016 campaign, but he was never charged. + Mr. Kushner provided false information to federal authorities about his

contacts with foreigners for his security clearance, but was given one, anyway by the presi-dent. + The nature of Mr. Tr*mp’s concern about any potential criminal exposure of Eric Tr*mp or Ivanka Tr*mp is unclear, although an investigation by the Manhattan district attorney into the Tr*mp Organization has expanded to include tax write-offs on millions of dollars in consulting fees by the company, some of which appear to have gone to Ms. Tr*mp. + Presidential pardons, however, do not provide protection against state or local crimes.

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malenipshadows · 4 years

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+ As Tr*mp fights to save his political career, another key part of his life — his business — is also under growing stress.In the next four years, Tr*mp faces payment deadlines for more than $400 million in loans — just as the pandemic robs his businesses of customers and income, according to a Washington Post analysis of Tr*mp’s finances. + The bills coming due include loans on his Chicago hotel, his D.C. hotel and his Doral resort, all hit by a double whammy: Tr*mp’s political career slowed their business, then the pandemic ground it down much further. + If Tr*mp is reelected, these loan-saddled properties could present a significant conflict of interest: The presi-dent will owe enormous sums to banks that his government regulates. National security experts say Tr*mp’s debts to Deutsche Bank, a German company, and foreign deals may constitute security risks if they make him vulnerable to influence by foreign governments. (Remainder omitted.)

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malenipshadows · 3 years

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+ Prosecutors in the Manhattan district attorney's office told former President Donald Tr*mp's lawyers that the Tr*mp Organization could face criminal charges, The New York Times first reported on Friday (6-25-2021). + Citing people with knowledge of the matter, The Times said that Manhattan District Attorney Cyrus Vance Jr. could announce charges against the Tr*mp Organization and its chief financial officer, Allen Weisselberg, as soon as next week. + Tr*mp's lawyers met with Manhattan prosecutors on Thursday hoping to persuade them to abandon charges against the company, The Times reported. Ronald Fischetti, an attorney representing the Trump Organization, confirmed the meeting in an interview with NBC News. ... + N.Y. state prosecutors are nearing the end of a two-year investigation into whether Tr*mp's sprawling real-estate company violated New York laws. + The criminal inquiry began after Michael Cohen, Tr*mp's former lawyer and fixer, said the Tr*mp Organization had helped facilitate an illegal hush-money

payment to the adult-film actress Stormy Daniels shortly before the 2016 election. + Since then, the investigation has expanded to examine whether the company artificially inflated or deflated the value of its assets for loan and tax purposes. Prosecutors also have asked witnesses about perks that Tr*mp Organization executives received, possibly without paying the appropriate taxes on them. + It is not clear whether prosecutors in Vance's office will bring charges against the Tr*mp Organization, Weisselberg, any other executives, or Tr*mp himself. The office has empaneled a special grand jury that is reportedly weighing whether to indict subjects of the investigation. The Trump Organization has denied wrongdoing. + The investigation kicked into high gear in February when the Supreme Court cleared the way for Manhattan prosecutors to obtain eight years of Tr*mp's tax records.In the months since, they have increased pressure on Weisselberg. + Weisselberg has worked for the Tr*mps for more than four decades and is intimately familiar with the family's personal finances as well as the company's. Bringing charges against Weisselberg may make him Tr*mp Organization likely to cooperate, legal experts told Insider.

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malenipshadows · 3 years

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Donald Tr*mp's flagship foreign golf resorts posts massive losses every year. + Trump has two golf resorts in Scotland. He opened his first, Trump International Golf Links, in Aberdeenshire in 2012 on a piece of land he had purchased six years before. The course has lost money every year since. ... + Running a golf resort profitably is a hard thing to do, said Larry Hirsh, the president of Golf Property Analysts, which values and markets golf properties. ... "It costs a lot to go play (golf), and Tr*mp has never been shy about pricing his properties. Certainly, golf has experienced over the last 15 or 20 years a decline in participation," he said. However, Hirsh added that "it's certainly not the idea" for major golf courses to lose money. "I don't think it's normal," he said. (B.) Tr*mp said in a 2016 interview with Reuters that people looking at the massive losses at his golf resorts were missing the point. He said his resorts were "not really golf investments" but real-estate "development deals." + There's just one problem with those claims: Tr*mp hasn't built a single residential property on any golf resort he owns in the past decade, in Europe or the United States, Reuters reported last year. + He secured provisional permission in 2008 to build about 1,500 luxury homes

on farmland surrounding the Aberdeenshire estate, on the condition that he build a hotel and what the Tr*mp Organization billed as the "world's greatest golf course." The economic gains would outweigh the significant environmental impact of the building work, officials said. But neither the houses nor the hotel materialized. (B.) Incompetence? "Stupidity and grandiosity should never be overlooked as possible grounds for all of this," said Daniel Shaviro, the Wayne Perry Professor of Taxation at New York University Law School, who wrote about Tr*mp's tax returns last year. + Tr*mp's patchy business record is well documented. He demonstrated a genius for self-marketing and licensed his name to resorts and luxury developments all over the world. ... But his businesses have also filed for bankruptcy six times, and he counts dozens of hugely expensive failures among his successful business ventures. + There were his Atlantic City casinos, which closed after racking up billions of dollars in debt. There was Tr*mp University, which paid a $25 million settlement to former students in 2017 after New York's attorney general called it "fraudulent." And there was a short-lived airline called Trump Shuttle. (C.) Companies House accounts showed that Golf Recreation Scotland, Turnberry's parent company, owed an eye-watering amount - nearly $160 million - to a New York trust controlled by one Donald Tr*mp. Tr*mp International Golf Club Scotland, which controls Tr*mp's Aberdeenshire resort, owed Tr*mp more than $40 million.Their loans are unusual, however, because they are interest-free, negating the tax benefit of loaning money between companies owned by Tr*mp, Mother Jones reported in November. That's also "a bit fishy," Shaviro said. (D.) Experts and critics think Tr*mp may have other reasons for keeping them. the Green Party's Patrick Harvie, a member of Scottish Parliament, alluded to the closed-door congressional testimony in 2017 of Glenn Simpson, the head of Fusion GPS, the political-research agency that produced the so-called Steele dossier on links between Tr*mp and Russia. + Simpson told lawmakers that the firm's investigations had identified in the Tr*mp Organization "patterns of buying and selling" real estate that "were suggestive of money laundering." Later, Simpson said that "because the Irish courses and the Scottish courses are under the U.K.," Fusion GPS was "able to get the financial statements." + "And they don't, on their face, show Russian involvement, but what they do show is enormous amounts of capital flowing into these projects from unknown sources and -- or at least on paper it says it's from the Tr*mp Organization, but it's hundreds of millions of dollars," Simpson said.

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malenipshadows · 3 years

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+ Prosecutors have increased the frequency of their interviews with Cohen since they began in the fall of 2019 soon after the district attorney's office subpoenaed Tr*mp's accountant for his taxes.Cohen, who worked for Tr*mp for about a decade and once said he would take a bullet for Tr*mp, knows the inner workings of the company. Prosecutors are interested in speaking with Cohen because he can help explain the culture of the company and the relationships between Tr*mp, his family, and Allen Weisselberg, the chief financial officer of the Tr*mp Organization. + Prosecutors are investigating whether the Tr*mp Organization improperly inflated the value of its assets when dealing with lenders and insurance companies and deflated them when filing taxes. They also are investigating tax deductions taken on fees paid to consultants, including Ivanka Tr*mp, the

former pres-ident's daughter, and conservation easements given on Seven Springs, a family estate in Westchester County, NY. + The investigation is also looking into a $130 million loan for a Chicago property. In addition, they also are looking into hush-money payments Cohen facilitated to silence two women who alleged affairs with Tr*mp. ... + Cohen told Congress that Tr*mp inflated and deflated the value of certain assets to obtain loans and lower his tax bill. He also was involved in the hush-money payment scheme and pleaded guilty to nine charges, including campaign finance violations, in connection with the scheme. + Investigators met with Cohen three times in late 2019 while he was serving time at a federal prison in Otisville, NY. The meeting Friday (3-19-2021) is believed to be the first meeting that will be in person at the DA's office, according to a person familiar with the matter. Cohen has been serving the remainder of his sentence from him home in Manhattan. + The district attorney's' investigation has gained momentum this year. In February, Cyrus R. Vance Jr., the district attorney, recruited Mark Pomerantz, a well-regarded former federal prosecutor, to shepherd the investigation. Pomerantz has spent decades as a defense lawyer working on financial investigations and has an insight into how those cases are brought and how corporations and individuals defend against them. They also brought in an outside forensic accounting firm. + Vance's office last month, after a 16-month court battle, gained access to eight years of Tr*mp's personal and business tax returns and related records. Investigators have been pouring over the records, which total in the millions of pages. + Vance is not running for re-election and, people familiar with the matter say, he is likely to decide whether to charge a case before he leaves office in December. The decision could still be months away, according to people familiar with the matter.

#Cyrus R Vance Jr #Cy Vance the Manhattan D.A.#crooked donald #Donald Dunce #tr*mp lies constantly #tr*mp lies on U.S. income tax returns #drumpf personal & corporate income tax returns #Tr*mp intentionally skirts U.S. income tax laws #Manhattan D.A. subpoenaes Drumpf personal & corporate tax returns #tr*mp cannot hide tax returns forever #Michael Cohen ex-lawyer for Donald Dunce #allen weisselberg #Allen Weisselberg the Tr*mp Organization CFO #Mark Pomerantz joins probe of crooked Donald finances #follow the money #nobody is above the law #Stormy Daniels

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malenipshadows · 3 years

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+ After compiling income and valuation numbers from Tr*mp's own financial disclosures and the Bloomberg Billionaires Index, Bloomberg found that most of his ventures took a hit in recent years, with the coronavirus pandemic, the fallout from the Jan. 6 Capitol riot, and "an aging portfolio of properties" all playing a significant role. + Since 2016, the valuation of Tr*mp's commercial real estate business is down 26 percent, and his most valuable holding — a 30 percent stake in two skyscrapers in San Francisco and New York that makes up about one-third of Tr*mp's fortune — has fallen by $80 million since 2019. + Tr*mp's resorts and hotels portfolio, which includes the Tr*mp International

Hotel in Washington, D.C., and Trump National Doral Miami, has also suffered, although Mar-a-Lago brought in slightly more money last year than a few years prior. + Golf, Bloomberg notes, has weathered the pandemic better than some of Tr*mp's other businesses because it's outdoors and a fairly socially distant activity, but some of his courses have still lost money. + Tr*mp also loves to license his name, and his controversial nature appears to have caused problems for him in that regard. The PGA Championship will no longer be played at his New Jersey course, Florida's West Palm Beach voted to strip his name from Tr*mp Plaza, and New York City is trying to pull his contracts to run ice rinks, a golf course, and a carousel. + Finally, some of the struggles appear to be natural outcomes of holding public office. Tr*mp could no longer be a reality television star or make movie cameos while pres-ident, so the income he used to receive from entertainment plunged, and he stopped publishing books, as well. Of course, those could be ways he'll build back some of his lost fortune, post-presidency.

#Donald Dunce #crooked donald #tr*mp actually a failed businessman #Drumpf holdings reportedly losing money #tr*mp lies constantly #tr*mp lies on U.S. income tax returns #Tr*mp lies--says one thing does another #tr*mp WH most corrupt regime in U.S. history #Drumpf is worst US president ever #after emigrating from Germany Drumpf changed named to Tr*mp #drumpf personal & corporate income tax returns #Tr*mp intentionally skirts U.S. income tax laws #Manhattan D.A. subpoenaes Drumpf personal & corporate tax returns #tr*mp cannot hide tax returns forever

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malenipshadows · 3 years

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+ What's happening: In the letter, House Transportation Committee Chair Peter DeFazio (D-Ore.) and Public Buildings Subcommittee Chair Dina Titus (D-NV.) asked the GSA to fulfill the committee's previous requests, saying "the Tr*mp Administration repeatedly obstructed our efforts to carry out necessary oversight of a federally owned property that created obvious conflicts of interests." + They asked the GSA, which handles the lease, if it's "considering examining whether former Pres-ident Tr*mp and / or the Tr*mp Organization should be prevented from contracting with the federal government in the future" in light of the Jan. 6 Capitol insurrection. + They noted the former president "borrowed $250 million from Deutsche Bank

to finance the renovations for the Tr*mp International Hotel" and asked whether the GSA had any financial statements related to this. + Worth noting: Tr*mp's "use of such “Statements of Financial Condition" are being investigated by New York's attorney general as part of a probe into whether the former president and his company improperly inflated the value of its assets on financial statements, WashPost notes. + In 2019, days after the panel subpoenaed the General Services Administration for documents relating to the hotel's lease Eric Tr*mp, the former pres-ident's son and an executive vice president of the family business, said the Tr*mp Organization was considering selling the rights to the D.C. hotel. This action was fueled in part by claims that the family was profiting from the property during Tr*mp's presidency. Eric Tr*mp said "people are objecting to us making so much money on the hotel." + What to watch: The panel has asked for the GSA to provide it with documents by March 30. + Representatives for the GSA, the former pres-ident and the Tr*mp organization did not immediately respond to Axios's request for comment.

#Donald Dunce #crooked donald #emoluments clause #did Tr*mp improperly profit from the U.S. presidency?#tr*mp WH most corrupt regime in U.S. history #tr*mp WH botches distribution of COVID-19 vaccines #tr*mp lies constantly #Tr*mp lies--says one thing does another #tr*mp lies on U.S. income tax returns #drumpf personal & corporate income tax returns #Tr*mp intentionally skirts U.S. income tax laws #Manhattan D.A. subpoenaes Drumpf personal & corporate tax returns #tr*mp cannot hide tax returns forever

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malenipshadows · 3 years

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+ In a recent interview with Cohen, investigators asked questions about Tr*mp's Seven Springs estate as part of an inquiry into whether the value of the 213-acre Westchester County property was improperly inflated to reduce his taxes. + Investigators asked Cohen about individuals involved in the appraisal of the estate and benefits derived from its valuation, including a $21 million income tax deduction. + Cohen was released to home confinement last year amid coronavirus fears, and his recent meetings have been conducted via video conference.

+ Vance's office declined to comment, as did Cohen's lawyer, Lanny Davis. A message seeking comment was sent to the Trump Organization. + Vance announced last week that he would leave office at the end of the year and not seek reelection, but in a memo to staff, he stressed that the investigation wouldn't stop.“The work continues,” Vance wrote, echoing his short statement after the U.S. Supreme Court ruled last month that he could have Tr*mp's tax records. + Vance recently hired former mafia prosecutor Mark Pomerantz — who, as a federal prosecutor, oversaw the prosecution of Gambino crime boss John Gotti — as a special assistant district attorney to assist in the wide-ranging probe of Tr*mp's finances. + The inquiry, according to court filings, includes an examination of whether Tr*mp or his businesses lied about the value of assets to gain favorable loan terms and tax benefits. The district attorney also is scrutinizing hush-money payments paid to women on Tr*mp’s behalf. + After a lengthy legal battle, his office is now in possession of eight years of Tr*mp’s tax records, including final and draft versions of tax returns, source documents containing raw financial data and other financial records held by his accounting firm. + Vance’s focus on Seven Springs involves an environmental conservation arrangement Tr*mp made in return for a tax deduction at the end of 2015, following failed attempts to turn the property into a golf course and luxury homes. + Tr*mp granted an easement to a conservation land trust to preserve 158 acres (60 hectares) and received a $21 million income tax deduction, equal to the value of the conserved land, according to records. The amount was based on a professional appraisal that valued the full Seven Springs property at $56.5 million as of Dec. 1, 2015. + That amount was a much higher amount that the evaluation by local government assessors, who said the entire estate was worth $20 million. Tr*mp bought the property, including a palatial Georgian-style mansion that once belonged to the family of newspaper publisher Katharine Graham, for $7.5 million in 1995. + In a sign of prosecutors' deepening interest in Seven Springs, Vance's office has sent new subpoenas in recent weeks to local governments in the towns the property spans — Bedford, North Castle and New Castle — following up on an initial round of subpoenas issued in mid-December.

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malenipshadows · 3 years

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+ Tr*mp had fought for more than a year to keep his records out of the hands of Manhattan District Attorney Cyrus Vance. But after a Supreme Court decision this week cleared the way for the documents' release, they have been given to Vance’s investigators. + Now comes the hard part, according to former prosecutors.Vance has enlisted outside experts, including a forensic consulting firm, to help pore over the vast collection of records in search of any improprieties.

+ The materials that Tr*mp fought to keep secret go far beyond his tax returns. Mazars USA, Tr*mp's longtime accounting firm, was expected to turn over “any and all statements of financial condition, annual statements, periodic financial reports, and independent auditors’ reports,” according to court documents. + Several million pages of documents were handed over to Vance’s office when the subpoena was enforced on Monday, a person familiar with the matter told NBC News. The records are likely to provide prosecutors with a trove of valuable material, said Andrew Weissmann, a former federal prosecutor. + Once Vance has the documents, experts said the forensic accountants that Vance’s office hired for the case, FTI Consulting, will likely set out to build an expansive timeline using Tr*mp’s tax records, bank documents and communications between banks and his tax preparers. + They will zero in on any discrepancies between the information presented to banks and those provided to tax authorities, according to the former prosecutors. + Tr*mp has been accused by his former lawyer Michael Cohen and others of inflating his assets when seeking a loan and devaluing them in statements to the government to avoid taxes. “The tax returns can also help illuminate whether other financial documents are false,” said Chuck Rosenberg, a former federal prosecutor and NBC News legal analyst. “If the value of a particular property is low on a tax return (to avoid taxes) but high on a loan application (to demonstrate credit worthiness) that certainly raises questions.” + Court filings indicate that Vance is pursuing a broad investigation that includes the possible falsifying of business records as well as insurance and tax fraud.

#Donald Dunce #crooked donald #drumpf personal & corporate income tax returns #tr*mp lies on U.S. income tax returns #Tr*mp intentionally skirts U.S. income tax laws #Manhattan D.A. subpoenaes Drumpf personal & corporate tax returns #tr*mp cannot hide tax returns forever #nobody is above the law #cyrus vance jr.#Cy Vance the Manhattan D.A.#Mazars USA the Drumpf accounting firm

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