The Daily Beast has reported that a court-appointed monitor in Trump’s fraud case said his company filed disclosures with “errors.” Tucked into a footnote in a letter written by former federal judge Barbara Jones, the court-appointed special monitor overseeing Donald Trump’s New York business fraud case is a bombshell that appears to indicate the former president may have engaged in massive tax evasion. 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. This 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,” Jones wrote, “I was informed that there are no loan agreements that memorialize the loan but believed to be between Donald J. Trump individually and Chicago Unit Acquisition for $48 million.”
She added: “However, In recent discussions with The trump organization it indicated they determined this loan never existed—and thus would be removed from any upcoming forms submitted OGE (Office Government Ethics) and also would be removed from subsequent versions MAML,” referring corporate financial statements filed by company.
Jones and trump organization attorney Alan Garten did not immediately respond requests comment Business Insider
Garten told The Daily Beast an internal loan wherein trump leant money entity owns does exist
“That one many inaccuracies contained monitors letter which we will addressing court,” Garten told outlet.
Per Daily Beast recently October
Trump claimed financial disclosures owes sum company chicago Unit Acquisition LLC listing debt more than 50 million discrepancies true would indicate disclosures trump submitted federal government were intentionally submitted inaccuracies related debt equating tens millions dollars It appear assuming Judge jones’ accurate amounts tax evasion Martin Lobel tax lawyer told beast He added explains why republicans intent cutting irs budget dont want able audit transactions like
central scrutinized before candidate president The New York Times purchased outstanding several banks owed money instead retiring chose keep outstanding pay interest himself However 2019 Mother significant portion forgiven hedge fund owed money paid half So paying income taxes up 39% forgiven invented parked Debt parking process purchasing using corporation avoid paying illegal engage indefinitely Adam Levitin Georgetown University law professor specializing commercial real estate finance mother jones plot pretty brazen adding actually buy garden variety misled government years finances Jordan Libowitz communications director Citizens Responsibility Ethics Washington broke question laws Read original article Business Insider
Special monitor suggests Trump falsified disclosures over $48 million loan in what could be tax evasion, report says