Donald Trump transferred ownership of Mar A Lago estate to his son days before arrest

[William769]

Donald Trump recently "sold" Mar A Lago, his beloved home in Florida, according to property records.

However, a bit of investigation recently revealed that the ownership did not, in fact, leave Trump's hands.

Rather, he transferred it into a corporation.

The owner of the corporation has a very familiar name, his son - Donald Trump Jr.

https://www.msn.com/en-us/news/politics/donald-trump-transferred-ownership-of-mar-a-lago-estate-to-his-son-days-before-arrest/ar-AA1fK8rO?ocid=msedgntp&pc=ENTPHB&cvid=a9189877f7394e2188b4cef51246b5b8&ei=7

[Recycle_Guru]

1. sounds about like him

[TheBlackAdder]

9. He knows that transferring it to Traitor Tot, its sale could buy a lot of blow.

[Recycle_Guru]

14. i was thinking since Jr is the only one not married....

it is more straightforward for Jr to get it. But would be funny if Jr sold it and hosted a two week cocaine bender with a couple hundred guests

[Probatim]

28. We had a pile of cocaine as high as a midget's ass!

From Chappelle's show - when his character got his realtor's license, then sold the house of the family who got him off the street - and when Dave was funny.

[Recycle_Guru]

30. Dave still cracks me up a lot--but Chapelle Show was brilliant

[eleny]

78. the baby drug dealer laid me out

[Probatim]

108. Baby... Baby! Get back in the house!

Hey man. Wanna buy some weed?

How old is that skit? 15-20 years? Still funny.

[eleny]

116. Laughing just from the memory of it

I hope it's on YouTube.

[Iggo]

117. He's still funny. It's just his ass is hanging out now.

[FakeNoose]

33. LOL!

[rubbersole]

47. You now have Cokeville!

[madinmaryland]

94. Coke-a-Lago.

[Wonder Why]

110. His explanation

]

[MagickMuffin]

2. Perhaps DA Fani Willis can add jr to the RICO charges

Always trying to game the system, ALWAYS

[jimfields33]

10. Many move their homes to a trust especially at 77 and above mainly to hope to best the

five year rule for nursing homes. Although, he’s got funds to cover nursing home costs so not sure his thought here.

[Demsrule86]

20. He was about to be indicted...screw him.

[llmart]

25. Isn't transferring to a trust different than transferring to a relative?

[jimfields33]

58. I think it's all under that five year rule. Most sell to family members for a dollar.

[MLAA]

3. The coke head? Man oh man he is desperate. I'd have gone with the other some Barron.

Note that he didn’t trust Melania with it.

[Cha]

6. lol.. .I know, right.

[MLAA]

36. I mean what does that say about Eric? Losing out to a Coke head with a whacky girlfriend!

[Cha]

41. Try Harder, Butthead

[MLAA]

99. ...

[PlutosHeart]

63. Melania probably got documents

to take as insurance for her and Barron's future.

[MLAA]

132. Very likely.

Edited to add: Hope DOJ has the right agency fingerprint all the boxes, folders and docs.

[MOMFUDSKI]

4. Before this is over

he will lose everything.

[William769]

7. I certainly hope so.

[Solly Mack]

5. Does he anticipate forfeiture for some reason?

[William769]

11. "This suggests that Trump merely transferred the asset into a corporation owned by his son to shield

it from liens and creditors.

Financial experts say that this is a common tactic done by wealthy men who are charged with financial crimes to avoid losing it to civil forfeiture."

[Solly Mack]

18. So, yes, he does. For the just in case.

[scipan]

22. Wow he's scared. All that bravado is for show.

He's much more realistic when it counts.

[Bluesaph]

83. His unpaid lawyers can place liens maybe.

[Omnipresent]

93. Bingo!

[getagrip_already]

8. Hrs trying to hide his assets from ny......

He knows they are going to win, and they are going to take everything.

He is trying to at least slow that down.

The special judge reviewing finances is already calling fouls. This isn't going to help.

[lame54]

12. He'll sell it for cocaine

[William769]

16. No doubt.

[Wonder Why]

43. Nah! He needs it to pay lawn service to mow his mom. Or is it stepmom? Or step-on-mom?

[Irish_Dem]

13. They are moving all the family assets out of Trump's name?

I figured they would probably do that.

Anyone goes after Trump for money, he won't have any.

[Trueblue Texan]

87. This makes me think he's getting ready to leave the country...

...he'll milk as much cash as he can out of his base and then he'll disappear. No way he is ever going to prison...he's much too good for that. That's for the low-lifes. Not him! At least that's what he thinks.

[Irish_Dem]

98. I agree, if sentenced to prison, there is a good chance he will leave the country.

[tanyev]

15. Kim Guilfoyle:

[Traildogbob]

27. Will she sign a prenup

Or will Jr just use the value to buy her.

[unweird]

39. Her best is yet to come

Nt

[Traildogbob]

46. She been playing the long game

Why the hell would any woman be with that prick? All in her plan.

[hatrack]

53. And why the hell would any man (even a prick) be with that woman?

It's the only thing that's given me a momentary pause about Gavin Newsome.

Well, that and his passing resemblance to Patrick Bateman.

[LuvLoogie]

50. Who would buy that shit hole?

Skank a Lago

[Recycle_Guru]

60. its definitely not a shit hole

though the criminal defiling it may make it seem that way.

It was Emily Post's extravagant winter residence which is now one of the only ones from that era (1920s) still standing.

[PlutosHeart]

64. I still want it bulldozed.

[Omnipresent]

97. Like Epstein's home in Palm Beach.

It’s where many deplorable acts have taken place.
Let all get in on it and chant loudly,
Tear it down! Tear it down! Tear it down!

[William769]

74. Sorry but it's to damn gaudy.

[3catwoman3]

77. That would be Marjorie Merriwether Post.

She became the owner of general Foods Corporation after the death of he father, C.W.Post.

She was the mother of actress Dina Merrill.

[Recycle_Guru]

81. oops. thanks for the correction

[moniss]

73. I wouldn't believe any of them would ever honor any document

they sign.

[NameAlreadyTaken]

17. Now Junior can kick Dad off the property for good.

[William769]

19. LOL

[herding cats]

21. How much do they expect him to owe?!

Damn. He's anticipating being taken to the cleaners in a massive way. 😂🤣

[Blues Heron]

23. Be hilarious if the kid changed the locks and hired his own security people

ta ta daddio - you taught me well suckah!

[Hortensis]

24. Yes, my assumption is preemptive economic fraud,

making obvious assets various entities will go after when he refuses to pay bills and settlements at least harder to get to.

[William769]

26. ...

[slumcamper]

29. Nailed it.

Manipulate, complicate, delay and prolong

[prodigitalson]

31. he'll trade it for blow

[Takket]

32. i hope junior sells it for a pile of blow and the new owners kick drumpf out lol

[Crowman2009]

80. Or he just snorts the whole pile Tony Montana style.

[Marcuse]

34. He didn't want Ms. Carroll to get it.

[moniss]

35. Trying to run from

EJC and her judgement and from any upcoming judgements/fines. If Melania has any brains at all she will have an outside "adviser" explaining to her that she needs to be taking assets along the way and placing them in her name/control because the chances that the Orange Ruski will honor any promise/pre-nup etc. are exactly zero. Not that I actually care a thing about what happens to her but I would like to see her bleed him as much as possible by threatening to go to the cops and spilling what she knows.

[sybylla]

92. These are my thoughts, too.

They are trying to hide money from EJC and Bragg and all the others who will be expecting him to pay fines, using the GA case as cover/distraction for it.

[enid602]

37. Name

I guess we’ll have to change the name from Mar a Lardo to Mar a Loco,

[Joinfortmill]

69. Rofl

[moniss]

72. Maybe

Mar-a-Coco

[Bluesaph]

84. Mar-a-caca

[wnylib]

38. Does this mean that he can't claim it as his home for a home detention sentence?

[Attilatheblond]

42. Interesting question.

Did he transfer Bedminster to anyone?

Maybe he plans to rely on Scotland property for home detention? Don't the Scots hate him too?

[wnylib]

45. He would not be allowed to serve a sentence outside of the country.

[Attilatheblond]

100. One of the biggest problems with social media

is that nobody can see one's tongue firmly placed in one's cheek

[wnylib]

102. OK. Emojis can show the invisible tongue in cheek.

[jcgoldie]

40. oh boy!

How long till Junior's dealer owns it???

[Martin68]

44. That's good news. It mean Trump actually understands he's in real trouble.

I want him to sweat.

[kentuck]

48. He must be concerned that they might try to seize his assets?

He's running scared.

[jmowreader]

49. This may qualify as a fraudulent conveyance

https://en.wikipedia.org/wiki/Fraudulent_conveyance

According to this article, certain acts are considered badges of fraud in determining if a conveyance is fraudulent:

becoming insolvent because of the transfer
lack or inadequacy of consideration
family or insider relationship among parties
the retention of possession, benefits or use of the property
the existence of the threat of litigation
the financial situation of the debtor at the time of, or after, transfer
the existence of a cumulative effect of a series of transactions after the onset of debtor's financial difficulties
the general chronology of events
secrecy of the transaction
deviation from the usual method or course of business

The Bankruptcy Code allows trustees to recover the fraudulently-transferred property.

So let me see...

Mar-a-Lago is worth either $739 million or $75 million depending on who you believe. Let's use the lower value. If Trump sold the property to Don Don for less than that, number 2 applies.

Since he transferred it to Don Don, number 3 applies.

He's still living there, or will once the temperature in Florida drops below the boiling point of pig iron, so number 4 applies.

He's under both civil and criminal indictment, so number 5 applies.

Chronology doesn't look good - he transferred the property between Criminal Indictment 3 and Criminal Indictment 4 - so number 8 applies.

AND it's almost certainly seizable as part of his RICO punishment.

Sorry Donald, but actions have consequences.

[Thunderbeast]

55. He has at least four civil cases that can result in nearly a billion dollars in judgements.

Those assets will be clawed back.

[burrowowl]

85. Thanks, very interesting.

[former9thward]

119. It was another false report.

Zillow pulled it.

[LakeArenal]

51. I wonder if Jr will get a decent headstone for his mom....

[Jarqui]

52. This is what you do when you're accused of a little 'election interference'

Start hiding your money for the upcoming civil action or traveling to an extradition free zone that will follow

Even Trump knows he's in deep crap

[calimary]

54. Indeed?

Wants to keep it in the family, and protected from any legal complications under which he might lose it.

My guess, anyway.

[nolabear]

56. It's like Melania doesn't even exist.

She’d better be careful. I doubt she’s that fond of golf courses.

[BumRushDaShow]

57. I expect there was a prenup for that marriage!

[nolabear]

59. No doubt. She doesn't get paid, she doesn't show.

[BumRushDaShow]

62. In other words...

[PlutosHeart]

67. Documents.

[BumRushDaShow]

70. ...

https://www.cnn.com/2020/06/12/politics/melania-trump-prenuptial-agreement/index.html

[cstanleytech]

61. So lets say one of the cases involves him having to pay a huge amount of cash for some reason

would the Court actually allow him to hide assets in this manner?

[2live is 2fly]

107. Few yrs ago 60 Minutes did a show about how FL is one of the best states to live in if a bankruptcy

is in your future. It's why I lot of ppl move or keep homes there. In Many states you're allowed a modest home and vehicle. In Florida however the law lets you keep a multi-acre estate (and guest houses) along with whatever assets their upkeep requires. Maybe this was tfg's thinking when his only legal worries were civil, but I'm sure they began to change as soon as multi-criminal indictments fell. Hopefully all future investigations into assets (and the hiding of) will include all advisors before, during and after the fact.

[Bev54]

65. I am not sure the laws in the US but in Canada that transfer would not stand up to scrutiny.

[KewlKat]

66. Has he paid EJ Carroll yet?

[moniss]

75. Scum like this guy

do things like this to make you spend more money on legal fees fighting to overturn them shuffling the assets. They know the potential fees and they deduct that amount from what the judgement is and then offer you maybe less than 25% of the balance in order for you to get some money right away. It gives them an avenue to knock financial judgements down by drastic amounts. It's why I have always said the law should require an escrow account immediately upon judgement. In large judgement cases of a defendant with lots of various holdings and financial entities they should also be immediately placed under the control of a court appointed administrator until the appeals are done and a final judgement is paid.

[malaise]

112. Great question

He sure knows he’s guilty

[Joinfortmill]

68. He's gonna run. My guess is Saudi Arabia.

[lindysalsagal]

71. I can live with that.

[Buns_of_Fire]

121. He can't get enough of fondling those gorgeous glowing orbs!

Orb Obsession. I think it's in DSM-XLV somewhere (he's enough of a basket case they devoted an entire volume to him).

[Blue Owl]

76. Somehow this will work out great for FF45 but bad for Junior

[Crowman2009]

79. Mar-a-lamo is going to look like the movie Scarface in a few months.

[Roy Rolling]

82. More Stupid Advice

Fulton County Criminal #1 is getting bad legal advice, I think. A person cannot shield illegally-acquired assets from bankruptcy creditors or U.S. government criminal courts.

When creditors seize Mar A Lago there won’t be enough equity left for Junior and Gargoyle to buy an eight-ball.

[2live is 2fly]

105. "Junior and Gargoyle" laughed out loud at that, I'm still chuckling, she is smthing all right

[Sgent]

86. Very expensive if he did

which could come back biting DTJ in the ass. The big issue is what he actually sold vs kept for himself, there are multiple moving parts to an endeavor like Maralago. If he actually transferred the real estate / appreciated business everyone is going to be in a world of hurt tax wise vs letting it pass when he dies. Recaptured depreciation and inherited basis is no fun in the tax world.

[Bristlecone]

88. Sounds like divorce prep.

[Tommy Carcetti]

89. Interesting. Can't claim it as homestead under Florida law now.

Meaning it could be seized after the creditor breaks through the transparent corporate shell games.

[randr]

90. His use of a Bailbond company is a tell

I think he is planning on leaving the country. Instead of putting up the 200000g he has only a 20g lose. The transfer also protects his favorite investment.

[Ford_Prefect]

95. ...Including whatever may yet be hidden there.

[obamanut2012]

91. DU attorneys: is this fraudulent conveyance?

[SayItLoud]

96. Hiding ASSets. nt

[WarGamer]

101. FL has very strong laws regarding property seizure.

[Bernardo de La Paz]

103. tRump paid $8 million in 1985. Was valued at $250 million a year ago. Zillow says sale $422 million

[jmowreader]

120. Zillow is now reporting that is false

They took down the transaction report.

[Bernardo de La Paz]

122. Yes, thanks, I posted that at #115 previously. . . . . nt

[jcgoldie]

104. How do we know that any money actually changed hands?

If he had $442 million liquid would he be paying a bail bondsman 15% for 180k?

[BlueIdaho]

106. Sounds like a guy

Who knows he’s about to lose everything…

[Island Deac]

109. Which?

Uday or Husay?

[Goonch]

111. 👇👇👇👁️👁️

[AllyCat]

113. Why does he get this ridiculous motorcade?

Jeez. What a bunch of show for a crappy ex-President, a convicted criminal, and a $hitty person.

[former9thward]

118. Clinton, Obama and Bush would get the same motorcade.

And what crime was he convicted of?

[AllyCat]

123. Sexual assault

[former9thward]

125. No, that was a civil court, not criminal.

[AllyCat]

126. He's a rapist.

Just because that isn’t the part he was convicted for doesn’t mean he’s not a convicted criminal.

[former9thward]

127. Maybe in your mind and others but not the law.

He was not "convicted" of anything. He was found liable for sexual abuse in a civil court.

[AllyCat]

128. All those women are just liars I suppose?

Not to me they aren’t. He’s a Phucking criminal who got caught but somehow skated outside of it again.

[brooklynite]

130. No they wouldn't...

I've been to events with former Presidents. They don't get a motorcade that large on a daily basis.

[former9thward]

131. You are not the only one who has been to events with former presidents.

And if any were involved in an intense event of controversy they certainly would get that motorcade. Do you really think that Trump is dictating to the SS how many cars will be in the motorcade? Is the SS that corrupt? Where is your evidence?

[treestar]

114. So obvious

most laws - bankruptcy, etc., specifically refuse to recognize transfers made for purposes of defeating said law.

The corporation avoids a gift tax? Or maybe there is none if Florida.

[Bernardo de La Paz]

115. Zwillow has REMOVED the 'record'. It was apparently some Agent who posted it. Denied and removed. nt

[malaise]

124. Why isn't this receiving more coverage?

It’s very weird

[brooklynite]

129. Because it didn't happen...

See #115