Damn! Trump's inaugural was paying Trump's Hotel $175,000 PER DAY for event space

[DesertRat]

Link to tweet

A spokesman confirmed that the nonprofit 58th Presidential Inaugural Committee paid the Trump International Hotel a rate of $175,000 per day for event space — in spite of internal objections at the time that the rate was far too high. If the committee is deemed by auditors or prosecutors to have paid an above-market rate, that could violate tax laws prohibiting self-dealing, according to experts.

Tax law prohibits nonprofits from paying inflated prices to entities that are owned by people who also control or influence the nonprofit’s activities.

The inaugural committee also spent at least $1.5 million at a hotel in which the investment firm of the committee’s chairman, Tom Barrack, held a small stake.

In addition, the inaugural nonprofit appears not to have disclosed multiple gifts to the committee on its tax return, as required by law.

https://www.propublica.org/article/trump-inc-new-evidence-emerges-of-possible-wrongdoing-by-trump-inaugural-committee

[vlyons]

1. Sieg Heil

[MelissaB]

2. Grifters gonna grift.

[uponit7771]

3. crooks