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Foreign Affairs
Related: About this forumClose friend of Trump, Thomas Barrack, investigated over alleged E170m tax evasion
Source: The Guardian
Close friend of Trump investigated over alleged 170m tax evasion
Real estate mogul Thomas Barrack, under investigation in Italy,
played a critical role in Trumps 2016 US presidential campaign
Stephanie Kirchgaessner and Lorenzo Tondo in Olbia
Monday 29 May 2017 15.32 BST
A close friend and major fundraiser for Donald Trump is under investigation in Italy for allegedly evading 170m (£147m, $190m) in taxes after the sale of a luxury resort on Sardinias Emerald Coast, the beach playground frequented by Gulf Arabs and Russian oligarchs.
Thomas Barrack played a critical role in Trumps 2016 election campaign and inauguration and has been described as one of the presidents key advisers outside the West Wing.
At the heart of allegations against Barrack in Italy are claims that he and associates in his private equity firm, Colony Capital, orchestrated a complicated scheme involving Luxembourg-based companies to shield tens of millions of euros from Italian tax authorities after Colonys 2012 sale of the Costa Smeralda resort to Qatar for 600m ($670m).
Barrack and other executives have not formally been charged with wrongdoing. A spokesman for Colony Capital declined to comment on the allegations against the company and its executives. According to a legal document that was prepared by a prosecutor in Sardinia and obtained by the Guardian, investigators used wiretaps in their inquiry, which is a fairly common practice in Italy.
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Real estate mogul Thomas Barrack, under investigation in Italy,
played a critical role in Trumps 2016 US presidential campaign
Stephanie Kirchgaessner and Lorenzo Tondo in Olbia
Monday 29 May 2017 15.32 BST
A close friend and major fundraiser for Donald Trump is under investigation in Italy for allegedly evading 170m (£147m, $190m) in taxes after the sale of a luxury resort on Sardinias Emerald Coast, the beach playground frequented by Gulf Arabs and Russian oligarchs.
Thomas Barrack played a critical role in Trumps 2016 election campaign and inauguration and has been described as one of the presidents key advisers outside the West Wing.
At the heart of allegations against Barrack in Italy are claims that he and associates in his private equity firm, Colony Capital, orchestrated a complicated scheme involving Luxembourg-based companies to shield tens of millions of euros from Italian tax authorities after Colonys 2012 sale of the Costa Smeralda resort to Qatar for 600m ($670m).
Barrack and other executives have not formally been charged with wrongdoing. A spokesman for Colony Capital declined to comment on the allegations against the company and its executives. According to a legal document that was prepared by a prosecutor in Sardinia and obtained by the Guardian, investigators used wiretaps in their inquiry, which is a fairly common practice in Italy.
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Read more: https://www.theguardian.com/world/2017/may/29/close-friend-trump-thomas-barrack-alleged-tax-evasion-italy-sardinia
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Close friend of Trump, Thomas Barrack, investigated over alleged E170m tax evasion (Original Post)
Eugene
May 2017
OP
Looks like pretty much everybody associated with Dolt 45 is crooked.
The Velveteen Ocelot
May 2017
#1
The Velveteen Ocelot
(115,280 posts)1. Looks like pretty much everybody associated with Dolt 45 is crooked.
pandr32
(11,447 posts)2. Take note of the favored clientele...
..."luxury resort on Sardinias Emerald Coast, the beach playground frequented by Gulf Arabs and Russian oligarchs." This is the focus of Trump--he went all in for the Saudis when he visited but treated our European allies like dirt immediately after, and Trump's resorts and properties (including former casino properties) are frequented by Russians.