Donald Trump: Tax Cheat
Donald Trump may be brought to court after a Telegraph investigation found the Republican presidential nominee signed off a deal designed to deprive the US Treasury of tens of millions of dollars in tax.
Lawyers prosecuting some of Mr Trump’s closest business associates in a civil suit, which includes these allegations, believe there may now be cause to include Mr Trump as a defendant. Frederick Oberlander, the lawyer executing the legal action, said the Telegraph’s disclosures included “new” and “relevant” information which may show that Mr Trump shares culpability.
The lawsuit, which was recently unsealed by a judge, claims that executives at Bayrock, the property development firm behind the Trump Soho hotel in New York, sought to evade tens of millions of dollars in taxes in connection with that and other schemes.
One of the main allegations centres on a deal between Bayrock, which operated out of Trump Tower, and FL Group, an Icelandic company. The court case, which will be heard in the New York supreme court, alleges that Bayrock sold a $50 million slice of the company, but disguised the sale as a loan to escape paying tax liabilities, estimated in the complaint to amount to $20 million.
A Telegraph investigation earlier this year revealed that Mr Trump gave his approval to the deal despite it – according to independent experts – containing several ‘red flags’ suggesting the deal might be improper. Moreover, this newspaper revealed it was written into the deal agreement that Mr Trump’s consent was required in order for it to go ahead.
Trump cares so much about America that he’s happy to defraud it. That’s your candidate, GOP.