After Saying He Forgave Loans to Campaign, Trump Won't Release Proof

[riversedge]

Source: nbcnews




After Saying He Forgave Loans to Campaign, Trump Won't Release Proof

by Ari Melber and Alexandra Jaffe

When Donald Trump said last Thursday he was forgiving over $45 million in personal loans he made to his campaign, the announcement drew plenty of coverage. Many even reported Trump's statement as if the deal was done.

But it's not.

A week later, NBC News has learned the FEC has posted no record of Trump converting his loans to donations. The Trump Campaign has also declined requests to share the legal paperwork required to execute the transaction, though they suggest it has been submitted.

Last week, campaign spokesperson Hope Hicks said Trump was submitting formal paperwork forgiving the loan on Thursday, according to the Wall Street Journal.

Reached by NBC this week, she said the paperwork "will be filed with the next regularly scheduled FEC report," and declined to provide any documentation. ........................

Read more: http://www.nbcnews.com/politics/2016-election/after-saying-he-forgave-loans-campaign-trump-won-t-release-n601596

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Most know that Trump is a con man. Lets hope more learn before November!

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Donald Trump says he forgave his loans to his campaign. FEC says he didn’t.

[Bernardo de La Paz]

1. Like $6 M tRump held out from a charity event & only passed it on when media held feet to fire. nt

[greymattermom]

2. He's used to being able to say anything

without so much public scrutiny. There are a lot of shady deals just waiting to be uncovered for ads and articles. I'm sure Hillary's team is busy working on it. This slow collapse should be fun to watch.

[Lrobby99]

3. The Flim-Flam Man

One could almost pity his blank-eyed followers, if not for the fact they do so mainly out of hating their fellow Americans. For that, they will be crushed, and we should thank them.

[ToxMarz]

4. My thoughts when he announced the loan forgiveness

was that most likely he was announcing his "intention" to do so. It's impossible to prove/disprove someones intention. I don't believe he ever will unless he somehow finds a way to recoup the money another way, or it becomes very likely he will win the election. Then it might be worth giving up to him.

[Thor_MN]

5. Is $45 million Trump change or not?

Certainly a billionaire would not be concerned spending that on himself...

[PatSeg]

10. If he really was as rich

as he claims to be. Highly unlikely though.

[George II]

6. Donald Trump - the gift that keeps giving to Democrats!

[Aviation Pro]

7. Liar McLiarface....

....lying again.

[bucolic_frolic]

8. Timing

The timing of his $50 million loan conversion was a question in my mind
because it came on the heels of the $1.7 million dismal fundraising
numbers for June up to that point. It seemed more an announcement to
reassure and grab headlines than something substantive.

[Little Star]

9. Money-Grubber.....

Elizabeth is correct.

[PatSeg]

11. Trumps next book

should be titled "The Art of the Scam".

[NewJeffCT]

12. show me the money!

as Cuba Gooding said in that movie many years back.

[MANative]

13. Trump clearly subscribes to the notion that any normal measures of...

accountability do not apply to him.

[spooky3]

14. And the best thing is that donors won't contribute

And others won't loan to the campaign as long as this continues.

[Enoki33]

15. Seem to recall reports

of a real estate broker who specializes in golf courses and their valuations saying that Trump had been selling off assets while accumulating debts at the same time. It seriously questions his boast about his net worth and his ability to convert the loan. It seems the properties simply do not have the revenues to support Trump's gut feeling valuation. Much like telling the bank a property is worth $10M and the IRS $1M. To cover his con on America he will never release his tax returns, just as he will find every possible excuse to avoid debating Hillary for fear of exposing his ignorance. He truly is one despicable specimen that uses the art of the deal to disguise the complete lack of any moral compass.

[Johnny2X2X]

16. Con man

So this Con Man loans (or supposedly loans) $45 million to his campaign, spends a good portion of that $45 million on his own businesses, then collects donations to pay back that $45 Million to himself with interest.

I'm sure they have rules about the interest rate you get paid back, but it would not surprise me if Trump borrowed the $45 million at a lower interest rate and then loaned it to his campaign so he risks nothing and makes money on the interest rate difference. If they don't have hard interest rate rules, you watch, it will come out that Trump loaned his campaign $45 million for 6 months and paid himself some insane interest rate back where he got like a $20 million return on the loan.

[NoMoreRepugs]

17. none of this matters to the goobers and gomers...

mostly because their mecca of information FAUX NEWS will never mention it - therefore it's a liberal LIE

[Bernardo de La Paz]

18. It will convince wishy-washy types. Gowdy-brains & hard right anti-Kenyan-Marxists are lost causes.

[Mc Mike]

19. Thanks, river. I just fucking knew this would happen. rec, nt.

[OnDoutside]

20. He has 3 weeks before the FEC June filings, and we'll see when the tide is out if he's wearing

swimming trunks.

[MariaThinks]

21. so he could have lied about that just so he could get more donations before the con was discovered.

[Native]

22. And what about his "matching" fundraisers? Like that's gonna happen.

[LiberalFighter]

23. He should do what he usually does. File for bankruptcy.

Then he won't have to pay back the loan. And his real self can take the campaign to court.

[former9thward]

24. The FEC did not say that he didn't forgive the loans.

They would have no way of having that information. Usually politicians forgive loans well after a campaign has ended. As some one who has had to make regular FEC reports I can tell you they are not instant. The reporting times are sometimes months later and that is when the FEC receives the information and makes it available.

[Rex]

25. The Thousandaire has to be careful with what few dollar he owns. Everything else is owned by

creditors.

[PJMcK]

26. Or the mob

Donald Trump got an awful lot of sweetheart deals with his construction projects in NYC. Nobody builds in NYC without the trades unions and their "associates." I wonder if Mr. Trump's connections have anything to do with his campaign.

I'm just speculating.

[Mc Mike]

28. He was screwing the unions and their workers, using his buddies in the mob, PJ. nt

[Lance Bass esquire]

27. I believe him 100%

When has Donald ever told a lie?