New York State’s Housing Regulator is now “Examining” the Real Estate Empire Built by President Trump’s Father in the wake of a Report that the Family enriched itself by Bilking Tenants and Cheating on its Taxes.
The Story published in Wednesday’s The New York Times claims the Trump Family used a Middle-Man Corporation, All County Building Supply & Maintenance, to Inflate Repair and Maintenance Costs at its Brooklyn and Queens Housing Developments, which were often Built with Government Subsidies.
Trump's Sister, Maryanne Trump Barry, Submitted to the Senate as Part of her Confirmation to the Federal Judiciary, Documents that led to the Uncovering of the Existence of a Company called All County Building Supply & Maintenance. The Company, which served as a Middleman, was used to move Cash from Fred Trump's Companies to Donald Trump and his Siblings. Formed in 1992, the Company was to be a Purchasing Agent for Fred Trump's Buildings, but it instead was used to Siphon Millions from the Elder Trump's Empire by Marking-Up Purchases that were already made,
In turn, those Higher Costs were reported to Authorities as Justification for Hiking Rents on those Properties, allowing the Trumps to Profit from both Ends of the Transaction. Then Moving some of those Profits to his Children, bypassing Paying Gift Taxes.
New York State also Launches a Probe into the Trump Organization's Violating Rent-Regulated Apartment's Building Contracts.
“The New York Times article alleges that the Trump family took advantage of a law designed to maintain rent-regulated apartments as safe, comfortable homes,” a Spokesman for the State’s Division of Homes and Community Renewal (DHCR) said. “DHCR and other State agencies are examining these specific allegations and the implications of these allegations on our enforcement of the state rent laws.”
New York State and New York City Tax Authorities announced on Tuesday they were Probing Allegations that Trump and his Father, Fred, Engaged in a Series of Tax Schemes that potentially Defrauded the Government of $550 Million in Tax Revenue.
NYC Wins When Everyone Can Vote! Michael H. Drucker
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