New Trump Tax Documents Show Inconsistencies, Possible Fraud

iluvatar5150

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Never-Before-Seen Trump Tax Documents Show Major Inconsistencies — ProPublica

Documents obtained by ProPublica show stark differences in how Donald Trump’s businesses reported some expenses, profits and occupancy figures for two Manhattan buildings, giving a lender different figures than they provided to New York City tax authorities. The discrepancies made the buildings appear more profitable to the lender — and less profitable to the officials who set the buildings’ property tax.

For instance, Trump told the lender that he took in twice as much rent from one building as he reported to tax authorities during the same year, 2017. He also gave conflicting occupancy figures for one of his signature skyscrapers, located at 40 Wall Street.

Lenders like to see a rising occupancy level as a sign of what they call “leasing momentum.” Sure enough, the company told a lender that 40 Wall Street had been 58.9% leased on Dec. 31, 2012, and then rose to 95% a few years later. The company told tax officials the building was 81% rented as of Jan. 5, 2013.

A dozen real estate professionals told ProPublica they saw no clear explanation for multiple inconsistencies in the documents. The discrepancies are “versions of fraud,” said Nancy Wallace, a professor of finance and real estate at the Haas School of Business at the University of California-Berkeley. “This kind of stuff is not OK.”
 

Ricky M

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DaisyDay

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Go figure, right?

Yet Trumpsters will still claim otherwise.
What do you think? 1) Donald's not a finance fraud, [Clinton|Warren|Biden|Schiff] is! 2) Donald is just a savvy businessman doing what genius businessmen do! 3) What documents? There aren't any documents. Only crazy losers say there are incriminating documents.
 
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Kentonio

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What time is it in Moscow? Give time for the people running the social media stuff to get their coffee.

Nah its ok, they're too busy bumping all the anti-Dem conspiracy threads instead.
 
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DaisyDay

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The only fraud is the illegal acquisition of personal tax records and the spin trying to make them into something that they are not.
The lovely thing here is that the documents were all public records, not private returns.
 
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KCfromNC

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The lovely thing here is that the documents were all public records, not private returns.
Well, the portray Donald in a bad light, so they have to either be fake, hearsay or something. I mean really, just use your imagination and I'm sure you can come up with your own excuses just as easily.
 
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Aryeh Jay

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Well, the portray Donald in a bad light, so they have to either be fake, hearsay or something. I mean really, just use your imagination and I'm sure you can come up with your own excuses just as easily.

Evangelical Christians and Jesus would never elect a criminal to be President.
 
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TLK Valentine

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Go figure, right?

Yet Trumpsters will still claim otherwise.

No, they'll claim it doesn't matter because the economy looks good.

Accomplices never care as long as they get their cut.

(Of course, I'd hate to be Donald when it all crashes, but that's another matter...)
 
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