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Yo_Mama_Been_Loggin

(108,136 posts)
Sat Feb 20, 2021, 10:46 PM Feb 2021

NYC prosecutors subpoenaed a property tax agency as part of a criminal investigation into Trump's

business dealings

The New York City Tax Commission confirmed that they received the subpoena, which could likely result in detailed income and expense statements from the Trump Organization being turned over to the DA's office.

District Attorney Cyrus Vance Jr. has been conducting an ongoing investigation into Trump's company over whether it has been inflating his property values to reduce taxes.

Last year, The New York Times reported that Trump had valued properties at significantly different amounts at different times.

For instance, his Seven Springs estate, located north of New York City, was purchased in 1995 for $7.5 million. When trying to get a loan in 2014, Trump's company valued it at $291 million. On an ethics disclosure form in 2019, it was listed at $50 million.

https://www.yahoo.com/news/york-prosecutors-subpoenaed-property-tax-065331193.html
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NYC prosecutors subpoenaed a property tax agency as part of a criminal investigation into Trump's (Original Post) Yo_Mama_Been_Loggin Feb 2021 OP
This is A Crime That Regular Folks Can Understand - Undervaluing Property to Save on Taxes vs Indykatie Feb 2021 #1
Investigations good, but.... DesertAuthor Feb 2021 #2

Indykatie

(3,697 posts)
1. This is A Crime That Regular Folks Can Understand - Undervaluing Property to Save on Taxes vs
Sat Feb 20, 2021, 11:15 PM
Feb 2021

overvaluing the property for bank loans. You sign mortgage applications attesting to the truthfulness of statements under penalties of law. Trump is toast and will be brought down by tax crimes just like other mobsters. It ain't sexy but it works. I think Tom Cruise said that in a movie.

DesertAuthor

(14 posts)
2. Investigations good, but....
Sat Feb 20, 2021, 11:39 PM
Feb 2021

I've hard dozens of Tweets and posts about the investigations into Trump's finances. I realize this all takes time but quite honestly, I want indictments!!!

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