In the Southern District of New York, Trump may get far more than he bargained for as president as he’s being investigated for felony crimes such as tax fraud and bank fraud. Currently, Trump’s former attorney and “fixer” is serving out a three-year sentence on home arrest for committing the same crimes as Trump, many of them at the direction of the president.
Vance filing says he is investigating Trump for hush money, bank fraud, and insurance fraud. If subpoenaed financial documents and tax returns reveal evidence of other crimes, he may investigate those, too. Vance is not limited by DAG order, as Mueller was https://t.co/ekwh5Sftcs
— Barb McQuade (@BarbMcQuade) August 4, 2020
A newly released tax return of Trump’s financials show that he massively undervalued his properties at tax time, but inflated them when applying for loans. That way, he avoided paying his fair share of taxes and got loans based on false premises. Both of these are real and very serious charges.
According to ProPublica:
”Trump told the lender that he took in twice as much rent from one building as he reported to tax authorities during the same year, 2017. He also gave conflicting occupancy figures for one of his signature skyscrapers, located at 40 Wall Street.’
Trump never released his tax returns.
He didn’t repeal and replace Obamacare.
Mexico didn’t pay for the wall.
He never even built it.
He broke our economy. He killed Americans through his neglect.
Trump, it’s time for your 4 year review: you failed.
— The Lincoln Project 🏴☠️ (@ProjectLincoln) August 1, 2020
Before anyone begins thinking that this is normally how businessmen handle tax and bank forms, real estate attorneys say that it isn’t and that “multiple in consistencies” can be found in those documents.
‘A dozen real estate professionals told ProPublica they saw no clear explanation for multiple inconsistencies in the documents. The discrepancies are “versions of fraud,” said Nancy Wallace, a professor of finance and real estate at the Haas School of Business at the University of California-Berkeley. “This kind of stuff is not OK.’
BREAKING: New York prosecutor seeking President Trump's tax returns cites reports of 'protracted criminal conduct' at the Trump Organization. https://t.co/E95AZNM803
— The Associated Press (@AP) August 3, 2020
As long as Trump is president, it will be very hard for prosecutors to bring criminal charges against him. Should he lose in November, this is what he’ll face when out of office. Considering that SDNY’s Cyrus Vance was granted the right to subpoena those documents by the Supreme Court, the proof will be made available, and Trump could be seriously held accountable for the first time.
‘The punishments for lying to tax officials, or to lenders, can be significant, ranging from fines to criminal fraud charges. Two former Trump associates, Michael Cohen and Paul Manafort, are serving prison time for offenses that include falsifying tax and bank records, some of them related to real estate.’
On Manhattan’s district attorney seeking Pres. Trump’s tax returns, @neal_katyal says, “There’s a reason why Trump is pushing back on it so much and I don’t think it’s because the documents show that he’s innocent.”https://t.co/6K2a1BZ9vG
— MSNBC (@MSNBC) August 4, 2020
Featured image screenshot via YouTube