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The mystery of where Donald Trump found tons of money to buy property after property in the nine years leading up to his campaign for the presidency was resolved in part this week by the president. New York Times, whose investigative journalists have for the moment seized the advice of the special advocate the title of most applauded executioners of Trump.
Theorists have long speculated – and with good reason – that Trump spent $ 400 million on money laundering operations in Russia, a conclusion supported by the often quoted line of Donald Trump Jr. ten years ago: "The Russians a rather disproportionate sample of many of our assets. … We see a lot of money surging from Russia. "Indeed, many buyers have made 100% cash purchases," totaling $ 109 million in 10 Trump brand properties located in South Florida and New York, "said McClatchy, often using Screen companies "Designed to obscure their identity."
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Trump's cash purchases himself were made despite his bankruptcies and the slowdown in real estate, Washington Post it's noted. Russia's theory of money helps to explain Trump's inexplicably affable relationship with Russian President Vladimir Putin: he does not dare to bite the hand that pays him. Although Russian money is still likely to be behind Trump's Poutinphilie and is likely to come back again when Special Adviser Robert S. Mueller III reports on Putin's interference in the 2016 campaign, the Time The report finds an internal parallel to Trump's so-called adventures abroad in shady financing. In the first paragraph of his colossal 15,000-word investigation, the newspaper blames the 45th president for participating in "dubious tax schemes in the 1990s, including cases of flagrant fraud."
It's a very strong meat. the Time An investigation, a staggering feat in forensic accounting, surprises Trump and his siblings to step into the real estate empire of their late father, Fred Trump, as a sea lamprey gang and dry them up before the tax on successions can not extract the legal share of the government. According to TimeAccording to his calculations, Donald has received at least $ 236 million (in today's dollars) from the sale of the father empire. According to Time, "Absolute Fraud" by Trump helped inflate this number.
The most delicious part of the Time story comes when Trump tries to get hold of his father's estate before he died with a change of will in 1990 (Fred Trump died in 1999). The codicil would have allowed the son "to use the empire as collateral to save his own failing businesses" – he then had more than $ 900 million in debt – but a "furious and alarmed", Fred Trump, refused to sign and directed his daughter to find new real estate lawyers. "Protect your property against DJT, the creditor of Donald," reads the instructions of the lawyer. To deceive your generous father of his estate takes a little moxie.
The Mueller investigation has remained in the doldrums over the past two weeks, while little discernible progress has been seen in the press. Time The story presents Trump with perhaps the worst news of his life. He has at his disposal a whole range of maneuvers that he could deploy to thwart or slow down Mueller, such as the dismissals of Deputy Attorney General Rod Rosenstein and Mueller himself or, if he feels legally lucky, the unanism of forgiveness, the prospect of fighting the tax procedure before a state court, in the absence of his pardon, must be worse in his mind in case of indictment. Why? Because when they dismiss you, you keep your money, but when the tax court lowers you, they can clean you up. CNBC reports charges of gross civil fraud for intentional underpayment of taxes: up to "75% for unpaid federal taxes and double the unpaid amount of the state". And do not forget the potential damage to Trump's ego. An in-depth inquiry would clear up once and for all its net worth, a delicate subject for him. In 2009, he sued journalist Timothy O'Brien for defamation because he had written that Trump was not a billionaire. (The lawsuit was dismissed.) A legal discovery would probably make Trump's net less well-deserved than he would like. Just a few days ago, Trump lost 11 more bars on the Forbes 400 listing. It is now No. 259.
With all the Trump tax documents at its disposal, the Time predicted that regulators in the city of New York and its states will open investigations into the president's money. A property tax survey is certain, as is a tax on real estate transfers. Even the State Housing and Community Renewal Division is engaged in this action because the Trumps seem to have fraudulently used muffled bills to justify the increase in rents for its rent-controlled apartments. Meanwhile, on Capitol Hill, Sen. Ron Wyden (D-Ore.) Asked the IRS to bring his stunning knife to Trump's tax returns.
This gray news will become more and more black for Trump if the Democrats came to the House or Senate in November and took command of the congressional congressional inquiry apparatus and began issuing subpoenas. appear as well as his tax papers. As in the case of state investigations, Trump will be helpless in the face of a congressionally led investigation by Democrats. Next year, Trump may come back nostalgically on the Russia inquiry by abandoning the slogan "No collusion, no obstruction" for "No escape! No fraud! "
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As a tax advocate, I have to give my hat to the president for his creative accounting. Send tax evasion tips to [email protected]. My email alerts have assigned my Twitter flow for the preparation of taxes that he did for my RSS feed in 2017. My RSS feed was transferred to Bahrain, which has no extradition treaty with the United States.
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