The Trump Building at 40 Wall Street. Photo: Drew Angerer/Getty Images The Trump Organization fudged financial figures related to the profitability of some of its buildings in a move resulting in allegations of fraud, according to new tax documents obtained by ProPublica. The documents support previous claims that Trump lies to lenders and tax officials, while also suggesting that potential fraud was committed while Trump was in the White House.
Other discrepancies surfaced when comparing the documents submitted to lenders to those submitted for tax purposes. For example, ProPublica says that at 40 Wall Street, “insurance costs in 2017 were listed as $744,521 in tax documents and $457,414 in loan records.”Trump’s company told New York City tax officials it made about $822,000 renting space to commercial tenants there in 2017, records show. The company told loan officials it took in $1.67 million that year — more than twice as much.
Legal expert Renato Mariotti wrote in a Twitter thread that prosecutors need to be able to prove that the numbers were purposefully manipulated in order to secure a fraud conviction. That can come in the form of a “smoking gun,” an email directing someone to commit fraud, perhaps. Less ideally, it can also be proven with a “sheer volume of evidence” and an insider who can “testify that the activity was wrongful,” Mariotti writes.
The clock is ticking toward the bankruptcy of the Trump Organization.
Fudged? Haha
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LOCK HIM UP
This is commonly known as skewing... FAKE NEWS ON STEROIDS
Trump learned this scam from his dear old dad. Corruption is in his genes.
LockThemAllUp
Shocking. I can’t believe that a man who has committed his life to being the embodiment of business ethics would ever allow such a thing to occur. I now understand his reluctance to turn over his affairs to a blind trust. *sarcasm font needed*
“Fudged”? Really, is that the word you choose? Are you actively trying to make his felonies sound kinda cozy and adorable? Words matter. Pay attention.
hahahahahahahahahaha