Any day now is today, Trumpers. Trump Indicted
- Thread starter exGOPer
- Start date
https://www.yahoo.com/news/lawyer-breaks-silence-why-abruptly-164205030.html
Lawyer breaks silence on why he abruptly quit Trump team — predicts Trump could be convicted
Lawyer breaks silence on why he abruptly quit Trump team — predicts Trump could be convicted
Omg. Are you a bot, or just stupid? Read the article slow one. He didn't predict anything, he said Trump "could" be convicted. Well no sh*t Sherlock, that's usually one of the possible outcomes in a jury trial. Omg.. talk about someone that shouldn't be allowed to vote. Are you even 18 yet? Again... critical thought. The author of that article is an idiot.
Here, let me use your technique of 7 point bolface from the same article.
Lawyer breaks silence and says: “Look, do I think there’s a political bent to some of this, some of the the way this was gone about? Yes, I do,"
Now that I pointed that out, I can write an article for Salon, have it picked up by Yahoo and put on their main page with a title reading:
Former Trump Lawyer States: Trials Have Political Bent
https://www.yahoo.com/news/lawyer-breaks-silence-why-abruptly-164205030.html
Here, I like this one better. Maybe Salon will hire me.
Former Trump Lawyer Calls Other Former Trump Lawyers: Petty and Unprofessional.
https://www.yahoo.com/news/lawyer-breaks-silence-why-abruptly-164205030.html
See how that works? Use your brain Shirley.
Former Trump Lawyer Calls Other Former Trump Lawyers: Petty and Unprofessional.
https://www.yahoo.com/news/lawyer-breaks-silence-why-abruptly-164205030.html
See how that works? Use your brain Shirley.
https://www.yahoo.com/news/ron-desantis-vows-veto-florida-050917452.html
Ron DeSantis Vows To Veto Florida Bill That Would Help Trump
Ron DeSantis Vows To Veto Florida Bill That Would Help Trump
https://edition.cnn.com/2024/01/23/politics/gag-order-trump-appeals-court-en-banc/index.html
Federal appeals court lets Trump gag order stand in federal January 6 case
Federal appeals court lets Trump gag order stand in federal January 6 case
https://www.yahoo.com/news/special-monitor-suggests-trump-falsified-071730176.html
Special monitor suggests Trump falsified disclosures over $48 million loan in what could be tax evasion, report says
Katherine Tangalakis-Lippert
Sun, January 28, 2024 at 8:17 AM GMT+1·4 min read
The letter, first reported by The Messenger, was delivered Friday to update Manhattan Supreme Court Justice Arthur Engoron on Jones' findings while reviewing the former president's business dealings through his company, the Trump Organization.
In it, Jones writes that the financial information filed to her by Trump's team has contained "incomplete" or "inconsistent" disclosures containing multiple "errors." However, she describes Trump and his businesses as "cooperative" with her investigation.
But buried in the sixth footnote of the 12-page letter is what the Daily Beast indicated is a clue that Trump may have evaded taxes on $48 million in income, with Jones writing that the massive sum — which Trump has claimed for years that he owes as a debt to one of his companies — never existed.
"When I inquired about this loan, I was informed that there are no loan agreements that memorialize the loan, but that it was a loan that was believed to be between Donald J. Trump, individually, and Chicago Unit Acquisition for $48 million," Jones wrote.
She added: "However, in recent discussions with the Trump Organization, it indicated that it has determined that this loan never existed — and thus that it would be removed from any upcoming forms submitted to the Office of Government Ethics (OGE) and would also be removed from subsequent versions of MAML," Jones wrote, referring to corporate financial statements filed by the company.
Jones and Trump Organization attorney Alan Garten did not immediately respond to requests for comment from Business Insider.
A 'pretty brazen' plot
Garten told The Daily Beast an "internal loan" wherein Trump "leant money to the entity that he owns" does exist.
"That's one of many inaccuracies contained in the monitor's letter, which we will be addressing with the court," Garten told the outlet.
However, per the Daily Beast, as recently as October, Trump has claimed in financial disclosures that he owes the sum to his company, Chicago Unit Acquisition LLC, listing his debt as more than $50 million.
The discrepancies, if true, would indicate that the disclosures Trump has filed with the federal government were intentionally submitted with inaccuracies related to the debt equating to tens of millions of dollars. "It would appear, assuming Judge Jones' letter is accurate, that this amounts to tax evasion," Martin Lobel, a tax lawyer, told The Daily Beast.
He added: "This explains why the Republicans have been so intent on cutting the IRS's budget, because they don't want it to be able to audit transactions like this."
The $48 million central to this issue has been scrutinized before. In 2016, the then-candidate for president told The New York Times that he purchased an outstanding loan from several banks he owed money to and, instead of retiring it, chose to keep the debt outstanding and pay interest on it to himself.
However, in 2019, Mother Jones reported a significant portion of Trump's debt was forgiven by the hedge fund he owed money to after he paid about half of it.
So, instead of paying income taxes of up to 39% on the forgiven debt, the outlet reported, Trump "invented a loan — and then parked it." Debt parking is the process of purchasing debt using a corporation to avoid paying income taxes on it. The maneuver is legal as long as the borrower intends to repay the loan but is illegal to engage in indefinitely.
Adam Levitin, a Georgetown University law professor specializing in commercial real estate finance, told Mother Jones at the time that the plot was "pretty brazen," adding: "if he didn't actually buy the loan, this is just garden-variety fraud."
"While the reasons behind claiming this fake loan are still unknown, at the very least he misled the government for years about his finances," Jordan Libowitz, communications director at Citizens for Responsibility and Ethics in Washington, told The Daily Beast. "It appears that Trump knowingly and intentionally broke the law. The only question is how many laws."
Read the original article on Business Insider
Special monitor suggests Trump falsified disclosures over $48 million loan in what could be tax evasion, report says
Katherine Tangalakis-Lippert
Sun, January 28, 2024 at 8:17 AM GMT+1·4 min read
- A court-appointed monitor in Trump's fraud case said his company filed disclosures with "errors."
- Tucked in a footnote is also an indication he may have committed tax fraud, per The Daily Beast.
- The letter indicates Trump may have lied about the existence of a $48 million loan.
The letter, first reported by The Messenger, was delivered Friday to update Manhattan Supreme Court Justice Arthur Engoron on Jones' findings while reviewing the former president's business dealings through his company, the Trump Organization.
In it, Jones writes that the financial information filed to her by Trump's team has contained "incomplete" or "inconsistent" disclosures containing multiple "errors." However, she describes Trump and his businesses as "cooperative" with her investigation.
But buried in the sixth footnote of the 12-page letter is what the Daily Beast indicated is a clue that Trump may have evaded taxes on $48 million in income, with Jones writing that the massive sum — which Trump has claimed for years that he owes as a debt to one of his companies — never existed.
"When I inquired about this loan, I was informed that there are no loan agreements that memorialize the loan, but that it was a loan that was believed to be between Donald J. Trump, individually, and Chicago Unit Acquisition for $48 million," Jones wrote.
She added: "However, in recent discussions with the Trump Organization, it indicated that it has determined that this loan never existed — and thus that it would be removed from any upcoming forms submitted to the Office of Government Ethics (OGE) and would also be removed from subsequent versions of MAML," Jones wrote, referring to corporate financial statements filed by the company.
Jones and Trump Organization attorney Alan Garten did not immediately respond to requests for comment from Business Insider.
A 'pretty brazen' plot
Garten told The Daily Beast an "internal loan" wherein Trump "leant money to the entity that he owns" does exist.
"That's one of many inaccuracies contained in the monitor's letter, which we will be addressing with the court," Garten told the outlet.
However, per the Daily Beast, as recently as October, Trump has claimed in financial disclosures that he owes the sum to his company, Chicago Unit Acquisition LLC, listing his debt as more than $50 million.
The discrepancies, if true, would indicate that the disclosures Trump has filed with the federal government were intentionally submitted with inaccuracies related to the debt equating to tens of millions of dollars. "It would appear, assuming Judge Jones' letter is accurate, that this amounts to tax evasion," Martin Lobel, a tax lawyer, told The Daily Beast.
He added: "This explains why the Republicans have been so intent on cutting the IRS's budget, because they don't want it to be able to audit transactions like this."
The $48 million central to this issue has been scrutinized before. In 2016, the then-candidate for president told The New York Times that he purchased an outstanding loan from several banks he owed money to and, instead of retiring it, chose to keep the debt outstanding and pay interest on it to himself.
However, in 2019, Mother Jones reported a significant portion of Trump's debt was forgiven by the hedge fund he owed money to after he paid about half of it.
So, instead of paying income taxes of up to 39% on the forgiven debt, the outlet reported, Trump "invented a loan — and then parked it." Debt parking is the process of purchasing debt using a corporation to avoid paying income taxes on it. The maneuver is legal as long as the borrower intends to repay the loan but is illegal to engage in indefinitely.
Adam Levitin, a Georgetown University law professor specializing in commercial real estate finance, told Mother Jones at the time that the plot was "pretty brazen," adding: "if he didn't actually buy the loan, this is just garden-variety fraud."
"While the reasons behind claiming this fake loan are still unknown, at the very least he misled the government for years about his finances," Jordan Libowitz, communications director at Citizens for Responsibility and Ethics in Washington, told The Daily Beast. "It appears that Trump knowingly and intentionally broke the law. The only question is how many laws."
Read the original article on Business Insider