Excellent. More fraud. Good. The more we expose, the better.
This crook can’t seriously be leader of the free world again!
> It is not clear why Mr. Trump would report a non-existent loan, but the law must be vigorously enforced against office holders and candidates who flout the disclosure process through repeated false statements.
It’s a real head-scratcher
Quick, Merrick garland, surely there’s a Democratic mayor of a small city who’s misappropriated $15k worth of campaign funds to indict!
>Trump made false statements by reporting over $50 million owed to Chicago Unit Acquisition LLC as a liability on at least nine public financial disclosure reports. Those reports were submitted to the Federal Election Commission as well as the Office of Government Ethics. This allegedly occurred from 2015 to 2023 and, as Bookbinder noted, “even though the loan appears to have never existed.”
Once it’s an accident. Twice is a whoopsie poopsie. Three times is a “fuck, I did it again”…. Nine times is systemic fraud.
Trump is incapable of conducting business in an honest way. It’s pathological.
>According to CREW, Trump may have made false statements by reporting over $50 million owed to Chicago Unit Acquisition LLC as a liability on at least nine public financial disclosure reports. Those reports were submitted to the Federal Election Commission as well as the Office of Government Ethics. This allegedly occurred from 2015 to 2023 and, as Bookbinder noted, “even though the loan appears to have never existed.”
>These alleged discrepancies appear likely to be part of a tax avoidance scheme known as “debt parking” or, as the watchdog group claimed, Trump is attempting to hide “hidden debt” from someone — or something — else. Thursday’s lawsuit was first reported by the Daily Beast.
Who else could he possibly owe money to that he doesn’t want people to know about?
>Trump is attempting to hide “hidden debt” from someone — or something — else.
That just sounds so strangely B-movie ominous
Seriously why would anyone listen to this pathological liar? He needs to be removed from civil society
**The way I understand it**
Trump paid himself $50 millions, he should have paid either income tax or capital gains tax on that money.
Instead he wrote that the $50 millions was not income but a loan he got from one of his business in Chicago. You do not pay taxes on loans.
That way, Trump could pay himself $50 millions and owe zero in taxes.
But that was a lie, there was never a loan, the $50 millions was taxable income.
I could be wrong but that’s what I understood.
It happened in Chicago.. how long until Cook County opens an investigation into this? 👀
Trump loves criming. He’s the best at committing crimes. He makes committing crimes look like an art form. Nobody has committed crimes in the way Donald Trump has. They’ll be talking about how smartly he committed all of these crimes for the rest of time. Vote for Donald J Trump if you want to continue to see the best criming history has ever seen.
Clear cut tax fraud? Can they just arrest him or nah
“I’m just gonna pay my defamation with some of my fraud”
This is the Realm for the IRS to look at intently, I would wager you can find more instants of these “Loans” spanning back to his father. I bet this “trick” is from his father’s playbook and there is no account of them ever being paid back they just quietly collect dust and are forgotten about
Just jail him and throw away the key. He most definitely has done illegal things. Dispense with the legal theatre and lock him up.
I wonder what $175M bond provider will make of this fraud?
It’s a good thing this has nothing to do with emails or the Trump voters might have to think twice about his presidential bid.
MAGA: “Pfff…. it was a victimless crime! Why are we wasting time with this?”
Put one of those things in his mouth and on his face that they put on Hannibal Lechter. Then cover his head in a hood. He won’t be able to misbehave.
This guy will spend the rest of his life in court.
So fraud to cover up the fraud. Sounds just like a Republican leader.
For the rich, loans are considered tax-free “income”. And if you never pay a loan off, you just got relatively free money.
Another reason to audit the rich every year.
A fake loan sounds like it would be tax fraud. It’s a fake liability (cost) to make the profit numbers look smaller on paper.
Shocker!
And I would be equally as surprised if there even more things uncovered as time moves on.
And I would be even further caught totally off guard if he is involved as time passes.
I mean he was only involved in over 4000 lawsuits before he took office. Sure he is slowing down there, but still on a good pace. Plus seems like the fences he swings for legally these days just keep getting bigger and further away.
26 comments
Excellent. More fraud. Good. The more we expose, the better.
This crook can’t seriously be leader of the free world again!
> It is not clear why Mr. Trump would report a non-existent loan, but the law must be vigorously enforced against office holders and candidates who flout the disclosure process through repeated false statements.
It’s a real head-scratcher
Quick, Merrick garland, surely there’s a Democratic mayor of a small city who’s misappropriated $15k worth of campaign funds to indict!
>Trump made false statements by reporting over $50 million owed to Chicago Unit Acquisition LLC as a liability on at least nine public financial disclosure reports. Those reports were submitted to the Federal Election Commission as well as the Office of Government Ethics. This allegedly occurred from 2015 to 2023 and, as Bookbinder noted, “even though the loan appears to have never existed.”
Once it’s an accident. Twice is a whoopsie poopsie. Three times is a “fuck, I did it again”…. Nine times is systemic fraud.
Trump is incapable of conducting business in an honest way. It’s pathological.
>According to CREW, Trump may have made false statements by reporting over $50 million owed to Chicago Unit Acquisition LLC as a liability on at least nine public financial disclosure reports. Those reports were submitted to the Federal Election Commission as well as the Office of Government Ethics. This allegedly occurred from 2015 to 2023 and, as Bookbinder noted, “even though the loan appears to have never existed.”
>These alleged discrepancies appear likely to be part of a tax avoidance scheme known as “debt parking” or, as the watchdog group claimed, Trump is attempting to hide “hidden debt” from someone — or something — else. Thursday’s lawsuit was first reported by the Daily Beast.
Who else could he possibly owe money to that he doesn’t want people to know about?
>Trump is attempting to hide “hidden debt” from someone — or something — else.
That just sounds so strangely B-movie ominous
Seriously why would anyone listen to this pathological liar? He needs to be removed from civil society
**The way I understand it**
Trump paid himself $50 millions, he should have paid either income tax or capital gains tax on that money.
Instead he wrote that the $50 millions was not income but a loan he got from one of his business in Chicago. You do not pay taxes on loans.
That way, Trump could pay himself $50 millions and owe zero in taxes.
But that was a lie, there was never a loan, the $50 millions was taxable income.
I could be wrong but that’s what I understood.
It happened in Chicago.. how long until Cook County opens an investigation into this? 👀
Trump loves criming. He’s the best at committing crimes. He makes committing crimes look like an art form. Nobody has committed crimes in the way Donald Trump has. They’ll be talking about how smartly he committed all of these crimes for the rest of time. Vote for Donald J Trump if you want to continue to see the best criming history has ever seen.
Clear cut tax fraud? Can they just arrest him or nah
“I’m just gonna pay my defamation with some of my fraud”
This is the Realm for the IRS to look at intently, I would wager you can find more instants of these “Loans” spanning back to his father. I bet this “trick” is from his father’s playbook and there is no account of them ever being paid back they just quietly collect dust and are forgotten about
Just jail him and throw away the key. He most definitely has done illegal things. Dispense with the legal theatre and lock him up.
I wonder what $175M bond provider will make of this fraud?
It’s a good thing this has nothing to do with emails or the Trump voters might have to think twice about his presidential bid.
MAGA: “Pfff…. it was a victimless crime! Why are we wasting time with this?”
Put one of those things in his mouth and on his face that they put on Hannibal Lechter. Then cover his head in a hood. He won’t be able to misbehave.
This guy will spend the rest of his life in court.
So fraud to cover up the fraud. Sounds just like a Republican leader.
For the rich, loans are considered tax-free “income”. And if you never pay a loan off, you just got relatively free money.
Another reason to audit the rich every year.
A fake loan sounds like it would be tax fraud. It’s a fake liability (cost) to make the profit numbers look smaller on paper.
Shocker!
And I would be equally as surprised if there even more things uncovered as time moves on.
And I would be even further caught totally off guard if he is involved as time passes.
I mean he was only involved in over 4000 lawsuits before he took office. Sure he is slowing down there, but still on a good pace. Plus seems like the fences he swings for legally these days just keep getting bigger and further away.