Virtual Bank Loans TFG $100M After Firm Warned of 'Unreliable' Finances
A virtual bank run by a GOP donor has loaned former President Donald Trump's company $100 million despite Trump's accounting firm warning of his shaky financial past.
Trump took out a $100 million mortgage on his Manhattan skyscraper, Trump Tower, in February according to documents recorded by New York City's Department of Finance. However, earlier that month Trump's former accounting firm Mazars dropped him as a client, warning future creditors that a decade's worth of his financial records "should no longer be relied upon."
The financing came from Axos, a full-service online bank, launched in 2000 as Bank of Internet USA. It's known for offering one of the best high-yield savings accounts available, according to Forbes.
"Trump Tower is one of the most iconic properties in the world and sits on arguably the most prestigious corner in all of New York," Eric Trump told Forbes. "We have incredibly low debt, have a tremendous amount of cash and have an extremely profitable company. We had no problem refinancing."
Axos CEO Gregory Garrabrants has contributed $50,000 to Republican campaigns, including $9,600 in support of Trump, since 2012, according to records with the Federal Election Commission. He has also contributed to other high-profile GOP candidates including Ted Cruz and Mitt Romney, records show.
https://www.msn.com/en-us/news/politics/virtual-bank-loans-trump-100m-after-firm-warned-of-unreliable-finances/ar-AAURRu1?ocid=msedgntp
The grift goes on. There seems to be no shortage of people willing to be ripped off by TFG.
= new reply since forum marked as read
He'll spend it all, they won't get a dime when he kicks the bucket.
