Trump looks cooked as Manhattan DA subpoena loan documents to compare to his tax returns
The Manhattan DA has subpoenaed loan documents from a Trump Chicago project to compare against its tax returns.
In 2012, Fortress then gave up more than $ 100 million of the loan, which, including interest and fees, was worth around $ 150 million, according to court documents. The rebate was made to secure a partial repayment of around $ 45 million at a time when the real estate market was suffering from the financial crisis.
Attorneys at Manhattan District Attorney’s Office Cy Vance are investigating whether Trump and the Trump Organization recorded the loan cancellation as income, as required by the Internal Revenue Service, and paid the appropriate taxes , people say.
There are several things we know based on public reports and Trump’s own comments. Donald Trump thought he was smart to avoid paying taxes. Donald Trump has done everything possible to avoid paying taxes. Trump has a documented history of decades of changing the valuation of his assets to avoid taxes and get loans.
Manhattan DA Cyrus Vance has already added a former federal prosecutor specializing in white collar and organized crime to his investigation. The DA treats the Trump Organization like an organized crime ring, and it is now gathering evidence of potential criminal activity by Trump.
The district attorney delves into how Trump has run his business, making it more likely that Donald Trump is closer to a criminal indictment than a political comeback.
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Mr. Easley is the editor. He is also a White House press pool and a Congressional correspondent for PoliticusUSA. Jason holds a bachelor’s degree in political science. His graduate studies focused on public policy, with a specialization in social reform movements.
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