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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsManafort got $3.5 million as a "nonrepayable" loan from Trump after leaving the campaign.
http://www.dailykos.com/stories/2017/5/16/1662804/-Paul-Manafort-got-a-3-5-million-tax-free-payback-free-loan-from-unnamed-sourcesPaul Manafort got a $3.5 million loan after he left the Trump-campaign.
The loan was taken out by a holding that Manafort created one day after he left the campaign.
The loan was granted by a shell-company whose two biggest owners just so happen to be Trump and an ukrainian guy.
The loan is interest-free.
The contract contains no clauses that Manafort must repay this money.
get the red out
(13,466 posts)How much smoke has to come out of the gun?
JHB
(37,160 posts)...goes to Terminator 2.
""Uhhhh, all of it, I think."
wishstar
(5,269 posts)Madam45for2923
(7,178 posts)Achilleaze
(15,543 posts)and a corrupt Cabal of Colluding Comrades.
teezy
(269 posts)And can someone please tell my bank about it?
mahatmakanejeeves
(57,446 posts)Last edited Wed May 17, 2017, 04:57 PM - Edit history (1)
IANAL or a CPA, but I wouldn't try to get away with this.
Was this reported on Manafort's holding company's 1040? I can't open the link now, due to a slow connection. I am aware that the return is so complicated that mere mortals cannot comprehend it.
Also, Ilsa in post #6 has it right.
Do any accountants want to chime in?
lostnfound
(16,179 posts)I'm sure he has already maxed out his lifetime exemption of $5 M (or $10 M with spouse countered too) through gifts to his kids -- assuming he reported this, which he probably didn't.
Or more accurately, hush money
Ilsa
(61,695 posts)WinkyDink
(51,311 posts)Trump building, that no-one could actually get to?
Ilsa
(61,695 posts)It's in the industrial district, not the tourist district, and you can't drive up to it. TRMS speculated that potential partners in the limited partneeship might include the freaking Iranian National Guard, a conduit for financing terrorism.
Renew Deal
(81,859 posts)PdxSean
(574 posts)In the "for" section Trump could have written "Ixnay on the Putinay."
Sancho
(9,070 posts)the real question is how many GOPers are going down with him!?
Lee-Lee
(6,324 posts)Talk of conspiracy and Russians is sensational, but good old financial and tax fraud is less sexy but the kind of stuff with real teeth.
This is just so stinking deep and vile.
democrank
(11,094 posts)Seems like we're beyond the drip, drip, drip phase and well into open flood gate territory.
spanone
(135,832 posts)dalton99a
(81,488 posts)Madam45for2923
(7,178 posts)dembotoz
(16,804 posts)Even better than the lottery cause u don't have to buy a ticket
lostnfound
(16,179 posts)Trump partnered with the outfit but that doesn't mean it was trump money. Could be Russian money.