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Simon Maloy @SimonMaloy
, 6 tweets, 2 min read Read on Twitter
"President Trump participated in dubious tax schemes during the 1990s, including instances of outright fraud, that greatly increased the fortune he received from his parents" nytimes.com/interactive/20…
holy hell
it's actually breathtaking -- Trump postured as an expert dealmaker but every deal he made was underwritten by a secret flood of his father's cash, and he *still managed to fuck all these things up*
sweet jumpin' christmas
how do you transform a loan you can't pay back into a "gift" while also dodging taxes?

well
just comically evil: Fred Trump paid his own company more money than it was owed for building maintenance and passed the markups on to his kids as illegal gifts, then used the artificially inflated invoices to justify rent increases
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hmmm
the last president invited rappers to the WH and
Read 3 tweets
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few things are more satisfying than a spectacularly botched James O'Keefe sting washingtonpost.com/investigations…
not only did this dope try to run interference for an accused child molester, he ended up vindicating WaPo's careful vetting procedures
was just remembering how O'Keefe called Open Society and accidentally left a voicemail laying out his plan to sting the organization newyorker.com/magazine/2016/…
Read 5 tweets

Related threads

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President Trump participated in dubious tax schemes during the 1990s, including instances of outright fraud, that greatly increased the fortune he received from his parents, an investigation by The New York Times has found.
But The Times’s investigation, based on a vast trove of confidential tax returns and financial records, reveals that Mr. Trump received the equivalent today of at least $413 million from his father’s real estate empire, starting when he was a toddler and continuing to this
Much of this money came to Mr. Trump because he helped his parents dodge taxes. He and his siblings set up a sham corporation to disguise millions of dollars in gifts from their parents, records and interviews show.
Read 143 tweets
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Trump: Day 620
-Engaged in "Dubious Tax Schemes"
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Add...
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Read 69 tweets
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"President Trump participated in dubious tax schemes during the 1990s, including instances of outright fraud, that greatly increased the fortune he received from his parents...."
nytimes.com/interactive/20…
"Trump received the equivalent...of at least $413 million from his father’s real estate empire, starting when he was a toddler & continuing to this day.
Much of this money came to Mr. Trump because he helped his parents dodge taxes"
nytimes.com/interactive/20…
Trump "and his siblings set up a sham corporation to disguise millions of dollars in gifts from their parents"
nytimes.com/interactive/20…
Reminder: Trump's sister is a federal judge (inactive senior status)
wnyc.org/story/trumps-s…
Read 11 tweets
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Wow.

"President Trump participated in dubious tax schemes during the 1990s, including instances of outright fraud, that greatly increased the fortune he received from his parents."

An example: nytimes.com/interactive/20…
"Outright fraud" is not a phrase the NYT just throws around.
And while we're reminiscing about what Trump did to squeeze as much money out of his dying father as he could, let's not forget what he did to his own family.

During a simmering family dispute over how to divide their nine-figure inheritance, Trump's cousins sued.
Read 10 tweets
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NEW...Huge NYT Investigation: President Trump participated in dubious tax schemes during the 1990s, including instances of outright fraud, that greatly increased the fortune he received from his parents. nyti.ms/2RjLmUe
2. "According to tax experts, it is unlikely that Trump would be vulnerable to criminal prosecution for helping his parents evade taxes, because the acts happened too long ago and are past the statute of limitations. There is no time limit, however, on civil fines for tax fraud."
3. Wow!

Kudos to @susannecraig @DavidBarstow @russbuettner
Read 6 tweets
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Trump’s mixture of politics and business has proved to be a net loser for him so far...an estimated $200 million hit against his net worth. Understanding how that has happened offers a fresh window into the state of Trump Inc.—and Trump’s America. forbes.com/sites/danalexa…
‘Trump Tower, NYC: The number in the pie chart is the percentage of the building’s square footage owned by Trump, including office and retail space and his personal penthouse. For Trump Tower and the Trump hotels in Chicago and Las Vegas, the numbers.’
‘Overall, revenue at the president’s US golf properties fell by an estimated 9% 2017.

It goes beyond politics, guests now endure metal detectors & bomb-sniffing dogs, “It’s not a country club experience, it was captivating at first but it has become tiresome” a source states.’
Read 22 tweets

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