"Watchdog Uncovers Fake Loan in Trump's Chicago Deal, Raising Fraud Risk"
TL;DR Summary
A court-appointed monitor overseeing Donald Trump’s businesses reported financial disclosures that suggest the former president evaded taxes on millions of dollars in income by hiding money in fake loan transactions. The report alleges that a major $48m loan for one of his properties in Chicago may have never actually existed, potentially allowing him to evade taxes on $48m of cancelled debt. The monitor's report is part of a fraud case brought by the New York Attorney General, seeking $370m in ill-gotten gains and a ban on Trump and his sons from the real estate industry.
- Did Trump evade taxes with a fake loan? Watchdog discovers Chicago deal that ‘never existed’ The Independent
- As Trump Awaits Fraud Penalty, a Monitor's Report Could Raise His Risk The New York Times
- Trumps Throw Tantrum Over Court Monitor's Financial Bombshell The Daily Beast
- Trump lashes out at financial monitor in business fraud case after she reports errors CNBC
- Trump lawyers say company being tyrannized in Les Misérables parallel The Guardian US
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