New York Prosecutors Investigating Trump's Manhattan Properties

[riversedge]

Source: wsj




Officials are investigating loans the former president took on four buildings, including his flagship Trump Tower

Feb. 13, 2021 1:33 pm ET



New York prosecutors are investigating financial dealings around some of Donald Trump’s signature Manhattan properties, extending the known range of the criminal probe of the former president and his company, according to people familiar with the matter.

The people said Manhattan prosecutors are examining loans Mr. Trump took out on his flagship Fifth Avenue building, Trump Tower; 40 Wall St., an art deco skyscraper in New York City’s Financial District; Trump International Hotel and Tower, a hotel and condominium building at Columbus Circle; and Trump Plaza, an apartment building on Manhattan’s East Side.

All of the loans under scrutiny were made to Mr. Trump by subsidiaries of Ladder Capital Corp. , a New York City-based real-estate investment trust, the people said. Since 2012, Ladder Capital has lent Mr. Trump more than $280 million for the four Manhattan buildings, according to property records.

Lawyers for Mr. Trump and the Trump Organization declined to comment. Mr. Trump has called the probe a partisan “witch hunt” led by Manhattan District Attorney Cyrus Vance Jr., a Democrat. Mr. Trump’s lawyers have called the investigation a “fishing expedition” in Mr. Vance’s bid to get the former president’s tax returns.

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Read more: https://www.wsj.com/articles/new-york-prosecutors-investigating-trumps-manhattan-properties-11613241198

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We can hope Trump goes broke!!

Link to tweet

?s=20

[RKP5637]

1. I hope he sinks all the way to hell! n/t

[Lock him up.]

2. K&R

[Auggie]

3. The ball is in your court now, ladies and gents ...

ram it up Trump's ass.

[LastLiberal in PalmSprings]

4. T**** is so terrified about anyone seeing his taxes, there must be juicy stuff in there.

Making their tax returns available should be a requirement for running for president. We could have saved a lot of the shit that's happened -- and the lives of all the people who died -- had Fat Donnie shied away from making the run in the first place.

[jmowreader]

6. I think he's more embarrassed than anything

Those returns are going to prove one thing beyond a shadow of a doubt: Trump sucks at real estate. Imagine how his worshippers will react when they find out Trump's entire income cones from three sources: selling merchandise, renting out his name, and residual income from the television shows and movies he's been in.

[DENVERPOPS]

8. Four sources

you forgot the most important of all, the "loans" from Russian Oligarchs.....And then, of course, all the money laundering for those same people.

[jmowreader]

9. Come on

Do you really, seriously believe he's going to put the fruits of his crimes in his tax returns?

[DENVERPOPS]

11. Just stand back and watch

what happens between the IRS/New York State/New York City and Trump Inc this next year.

[Red Mountain]

5. If you're operating legally....

then why the fuss? Sure, it's a minor inconvenience that might rack up some billable hours (for a billionaire) but one would think an honest man would welcome a chance to clear his name and stuff the allegation back in the faces of his foes.

Maybe it's the principle of the thing.

[AKing]

7. Trump Trifecta: Bank Fraud,Money Laundering,and Insurance Fraud...

Guarantee he's going down for one if not all three of those crimes.

[jmowreader]

10. Is there such a thing as a quadrifecta?

I think he's most likely to go down on tax evasion charges.