So we got Trump Org tax documents. And you know what they seem to show? Fraud.
Trump Org didn’t *just* keep separate books to hide tax liabilities, it *appealed* its tax bill every year with fake numbers, which not only was a crime but *created an accessible public record* of the fraud
. gave out 2 sets of numbers for the same buildings in NYC. The #s they gave to lenders made the buildings look better than the #s they gave to NYC for tax purposes. Great digging by .
Documents show stark differences in how Trump’s businesses reported some expenses, profits and occupancy figures for two NYC buildings -- making them appear more profitable to a lender and less profitable to officials who set the buildings’ property tax.
New: The president’s businesses made themselves appear more profitable to lenders and less profitable to tax officials. One expert calls the differing numbers “versions of fraud.”
This is exactly what anyone with half a brain would’ve expected Trump’s tax returns to reveal: massive financial fraud, stealing from the US Treasury and from private lenders alike. Stay tuned for more felonies!
The Trump Organization kept two sets of books!
So the answer why Trump has fought so hard to release his tax returns? He's been running two sets of books.
ProPublica obtained Trump tax records that appear to back up former Trump fixer Michael Cohen's testimony that Trump falsely inflated his real estate assets to obtain loans and falsely deflated them to avoid property taxes. AKA tax fraud.
Blockbuster article which puts meat on the bones of 's questioning of Michael Cohen a few months ago Strong evidence that Trump falsified information in his taxes and/or loan documentation
I dug up some Trump tax records. They show his businesses telling a different story to a lender than to the taxman.
No surprise that Trump’s NY state tax filings are inconsistent with bank loan applications. Perhaps there’s an explanation but it looks like either bank fraud or tax fraud & at a minimum, merits further investigation.
"A dozen real estate professionals told ProPublica they saw no clear explanation for multiple inconsistencies in the documents..."
This isn’t ancient history. This is tax fraud or bank fraud Trump and his sons committed, in part, while he was the sitting President.
NEW: Tax documents obtained by ProPublica show stark differences in how Donald Trump’s businesses reported some figures for two Manhattan buildings, giving a lender different figures than they provided to New York City tax authorities. Take a look.
The president’s businesses made themselves appear more profitable to lenders and less profitable to tax officials. One expert calls the differing numbers “versions of fraud.”
*This* is what we found when we got Trump Org tax documents. The numbers don’t add up. A dozen experts told us they could not see any legitimate explanations.
“The president’s businesses made themselves appear more profitable to lenders and less profitable to tax officials. One expert calls the differing numbers ‘versions of fraud.’”
Some experts said the discrepancies could point to fraud
1/ Today pushed a report that looked at New York tax documents for Trump properties that it obtained via FOIA and compared them to public lending documents for those same properties. They found serious discrepancies between the figures. Link
Never-before-seen Trump NYC real estate tax docs show major inconsistencies between occupancy and rental income data reported to tax authorities vs reporting to lenders, including data for 2017 - great reporting by
Today would be a good day for to release his tax returns.
“It really feels like there’s two sets of books — it feels like a set of books for the tax guy and a set for the lender.” ’s scoop for on Trump tax discrepancies
In fairness to President Trump, the New York Times and ProPublica have reported tax schemes that refute the WSJ's slur that Trump is too dumb to commit crimes
The authorities had Trump's dodgy tax documents in their hands! This didn't take Elliot Ness to crack
Never-before-seen Trump tax docs show his company made his financial situation look worse when he was reporting it for tax purposes, and better when reporting it to lenders.
One expert calls the differing numbers of Trump's tax docs "versions of fraud."
New this morning: Corroboration of Michael Cohen's testimony that Trump's businesses made themselves appear more profitable to lenders and less profitable to tax officials Aka #fraud
Never-Before-Seen Trump Tax Documents Show Major Inconsistencies
Trump lied to lenders to make his businesses seem more profitable, and again the government to make them seem less profitable to lower his taxes. Both sides of this are fraud.
This is exactly why the public needs to see ’s tax returns. We need to know if the president is really a tax cheat and what else he could be covering up. #ReleasetheReturns
Meanwhile, from --> Never-Before-Seen Trump Tax Documents Show Major Inconsistencies
Charity fraud is tax fraud: taxing a tax deduction for activity that is not tax deductible. here suggests that Trump committed fraud in his real estate taxes NYT alleged estate tax fraud Raises more ? over tax returns
"Trump told the lender that he took in twice as much rent from one building as he reported to tax authorities during the same year, 2017."
This piece illustrates an important point I keep trying to make, but which I fear has failed to really sink in.
Never-Before-Seen Trump Tax Documents Show Major Inconsistencies
Never-Before-Seen Trump Tax Documents Show Major Inconsistencies
Never-Before-Seen Trump Tax Documents Show Major Inconsistencies If we would do 1% of this, we would be in prison. As a member of the economic elite, Trump did this all his life. (He is the elite; do you hang out with the Clintons, Epstein & Billy Bush?)
In other news, bears poop in the woods.
From Kevin Riordan, a finance expert allowed to review Trump's NY tax records: "It really feels like there's two sets of books."
Never-Before-Seen Trump Tax Documents Show Major Inconsistencies — ProPublica
“Versions of fraud.”
SELAZY REAL ESTATE CRIMINAL DOING CRIMEZ!
Potentially important -- also, great journalism, as reporters discovered and put together documents already in public record. Never-Before-Seen Trump Tax Documents Show Major Inconsistencies
Chase the money. New Trump documents reveal "versions of fraud" in differing reports to the tax office and to banks about his property earnings.
Never-Before-Seen Trump Tax Documents Show Major Inconsistencies
More proof that is a vital journalistic institution. Great reporting.