Report: Trump’s Business More Fraudulent Than Previously Known

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As Congress decides whether it should deem Trump’s abuses of power to be high crimes, surprisingly little attention has been given to the fact that his entire career leading up to the presidency has consisted of habitual criminality. jonathanchait writes

President Donald Trump, career criminal. Photo: Alex Wong/Getty Images Donald Trump has famously refused to disclose his tax returns, and waged a series of implausible but dogged legal challenges to prevent those returns from being obtained by Congress and the New York attorney general, in spite of clear legal mandate to do so.

The portrait those efforts have painted is consistent. Trump engages in systematic financial fraud — not just aggressive use of tax sheltering, but straight up criminal fraud — and counts on lax-to-nonexistent enforcement to make his crimes pay. Last month, ProPublica found huge discrepancies between the figures Trump has cited for the profitability of two Manhattan buildings given to lenders and what he reported to city tax authorities. As you might guess, Trump tells lenders he’s rich and tells the government he’s poor. An accounting professor called it “versions of fraud.”

ProPublica has another report today, showing that Trump has run the same scam for Trump Tower. In 2011 and 2012, Trump told a lender that his rooms were 98.7 percent and 99 percent occupied, but told the city it had just an 83 percent occupancy rate. This isn’t being clever, finding a complicated tax shelter, or taking full advantage of what the law allows. It’s just, by all indications, straight up fraud. What these figures can’t settle is whether Trump is defrauding his lenders, cheating on his taxes, or both. Both of those forms of fraud are crimes. None of the experts contacted by ProPublica could formulate an innocent explanation.

 

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jonathanchait As new Yorkers would say...we knew

jonathanchait yeah and you know what this implies ? that for decades, the AGs and DAs of NY, and , I would guess, NJ and a few other states did nothing and it is AGs not AsG don't me

jonathanchait Absolutely a career criminal. Sad part is the support he gets from Congress and the public. This is not hard to see how he acts and what he does.

jonathanchait I mean we’ve all known he’s a shady scumbag since at least the 80’s...yet here we are 🙄

jonathanchait My assumption is Trump has been fully briefed on what’s awaiting him post/presidency. Hence the urgency of his high crimes ukrainegate

jonathanchait Impeachment will never happen! It’s one thing to blow off steam, but when push comes to shove people disappoint!

jonathanchait When he habitually lies, 'benefit of the doubt' means unless there is reason to prove honesty you have to assume he's lying.

jedshug jonathanchait Don’t act surprised. Con man gotta con.

jonathanchait Do you think his possible that his residence change from New York to Florida was for ulterior motives, like homestead exemptions when his grift catches up to him?

jonathanchait I've been saying this for years! Nobody cared to listen. Now he's doing what he does best, but at the expense of our United States. Pompous, narcissistic and sexist.

jonathanchait Thank you for covering this. So important to shine a light on this-

carrybeyond jonathanchait You don’t say...

jonathanchait jonathan tbe idiot writing this FAKE?

jonathanchait For which he was never held accountable. Why?

jedshug jonathanchait Thank you soooo much to the NYT and the WSJ, local and nat’l papers of record, who failed to report. Special thanks to WSJ, who pulled 2nd phase of reporting on Trump’s criminality as Trump secured the RNC nomination.

jonathanchait Lol you guys

jonathanchait Duh

JuddApatow jonathanchait Unfortunately this was known before the election and he still got elected. Figure that!

jonathanchait askrudy

jedshug jonathanchait A question - what idiot would take Trump's word on occupancy rates when thinking about loaning him money? To modify President Reagan's famous quote, I wouldn't trust, and I'd verify the hell out of any of Trump's claims.

MrJonCryer jonathanchait of course. TrumpCrimeSyndicate TrumpCrimeFamilyForPrison

MrJonCryer jonathanchait Yes, but the Voters knew that, voted for him anyway. That means crimes are fine ! Everyone should commit more crimes ! Good Lord.

MrJonCryer jonathanchait Yeah we have been screaming about this for 5 years now...jfc.

MrJonCryer jonathanchait That is not Congresses mandate to look at. They should look at his activites as the Chief Executive.

MrJonCryer jonathanchait That’s for the SDNY to take care of ;)

jonathanchait there's been endless articles about it...strange claim to make just to get clicks. his supporters just don't care

MrJonCryer jonathanchait Decades of dirt back there.

billprady jonathanchait Lordy, I wish this story, and others like it, had been greenlighted in 2016.

JuddApatow jonathanchait Ahhhh shut up already

JuddApatow jonathanchait Also, can we please do a MeToo on RupertMurdoch for allowing RogerAiles to wage his campaign of SexualAbuse on the women who worked at FoxNews !!!!!!

JuddApatow jonathanchait Shocking

jonathanchait Oh good grief. Do you even hear yourself?

jonathanchait Hillary lost, get over it already

jonathanchait LockHimUp!

jonathanchait TrumpRally

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