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Unread 2019-10-16, 15:05   #1
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aarkieboy
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"It’s not Trump’s taxes, the whole enchilada, but ProPublica got ahold of property tax documents of the Trump Organization, adding to the growing corpus of financial info on the president that strongly points to Trump deploying a secret financial weapon to maintain the appearance of “successful businessman”—fraud. ProPublica collated financial info from public sources and found the president was reporting different numbers on his properties to lenders and tax authorities. Trump arranged the numbers to paint a rosier picture of his buildings’ performance for lenders to secure cheaper loans, and then rearranged those numbers to look less profitable when reporting to the taxman in order to lower his property taxes.

“The documents were public because Trump appealed his property tax bill for the buildings every year for nine years in a row, the extent of the available records,” ProPublica reports. “We compared the tax records with loan records that became public when Trump’s lender, Ladder Capital, sold the debt on his properties as part of mortgage-backed securities.” The site reviewed records for four Trump buildings and found noticeable discrepancies at two properties in particular—40 Wall Street and the Trump International Hotel and Tower." (More)
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Unread 2019-10-16, 15:33   #2
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Go Back   Mechapixel Forums > Main > Aarkie's Corner > In New Tax Documents, Trump’s Cooking the Books on Two Manhattan Properties
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