Thursday, June 15, 2017

Trump Real Estate Properties are Being Purchased by Secretive Shell Companies

USA Today reports that since Donald Trump has assumed the Presidency and says he cannot divorce himself from his many “Businesses,” the Majority of his Real Estate Empire has become a maze of Secretive Shell Companies like a Limited Liability Company or LLC.

Over the last 12 months, about 70% of Buyers of Trump Properties were LLC's, Corporate entities that allow people to purchase Property without revealing all of the Owners’ Names. That compares with about 4% of Buyers in the two years before.

USA TODAY Journalists have spent six months cataloging every condo, Penthouse, or other Property that Trump and his Companies own, and tracking the Buyers behind every Transaction.

The Investigation found Trump’s Companies owned more than 430 Individual Properties worth well over $250 million.

Since November 8th, 2016, USA Today was able to account for 28 new Property Sales, bringing in $33 million dollars.

It was only a couple of days ago that the Department of Justice began arguing and spending resources towards Defending the Legality of Trump’s Businesses receiving Foreign Payments.

NYC Wins When Everyone Can Vote! Michael H. Drucker
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