Newly uncovered documents seem to indicate years of criminal activity by the Trumps
by ProPublica, which highlights apparent tax fraud by the Trump Organization, you can understand why!show major discrepancies in how the president’s companies reported expenses, profits, and occupancy rates for two buildings, making the properties appear more profitable to lenders and less profitable to tax authorities, just as Cohen testified. At 40 Wall Street, for example, the Trump Organization told Ladder Capital that the building was leased at 58.
These discrepancies are “versions of fraud,” according to Berkeley professor of finance and real estate“This kind of stuff is not okay.” And by not okay, she means potentially criminal. Per Vogell, New York City’s property tax forms clearly state that whoever signs them “affirms the truth of the statements made” and that “false filings are subject to all applicable civil and criminal penalties.”
Meanwhile, documents for the Trump International Hotel & Tower contain similar inconsistencies that, coincidentally, all worked out in Trump’s favor. The Trump Organization told tax officials it made roughly $822,000 renting space to commercial tenants at the building in 2017, but claimed to loan officials that the amount was $1.67 million.
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