Special monitor suggests Trump falsified disclosures over $48 million loan in what could be tax evasion, report says
Katherine Tangalakis-Lippert
Sun, January 28, 2024 at 8:17 AM GMT+1·
- A court-appointed monitor in Trump's fraud case said his company filed disclosures with "errors."
Tucked in a footnote is also an indication he may have committed tax fraud, per The Daily Beast.
The letter indicates Trump may have lied about the existence of a $48 million loan.
Tucked into a footnote in a letter written by former federal judge Barbara Jones, the court-appointed special monitor overseeing Donald Trump's New York business fraud case is a bombshell that appears to indicate the former president may have engaged in massive tax evasion, according to a new report released by The Daily Beast.
The letter, first reported by The Messenger, was delivered Friday to update Manhattan Supreme Court Justice Arthur Engoron on Jones' findings while reviewing the former president's business dealings through his company, the Trump Organization.
In it, Jones writes that the financial information filed to her by Trump's team has contained "incomplete" or "inconsistent" disclosures containing multiple "errors." However, she describes Trump and his businesses as "cooperative" with her investigation.
But
buried in the sixth footnote of the 12-page letter is what the Daily Beast indicated is a clue that Trump may have evaded taxes on $48 million in income, with Jones writing that the massive sum — which Trump has claimed for years that he owes as a debt to one of his companies — never existed.
"When I inquired about this loan, I was informed that
there are no loan agreements that memorialize the loan, but that it was a loan that was believed to be between Donald J. Trump, individually, and Chicago Unit Acquisition for $48 million," Jones wrote.
She added: "However, in recent discussions with the Trump Organization,
it indicated that it has determined that this loan never existed — and thus that it would be removed from any upcoming forms submitted to the Office of Government Ethics (OGE) and would also be removed from subsequent versions of MAML," Jones wrote, referring to corporate financial statements filed by the company.
https://www.yahoo.com/news/special-moni ... 30176.html
(original: Business Insider)