Donald Trump caught committing decades of tax fraud
When it comes to Donald Trump’s nearly endless criminal scandals, one of the worst kept secrets is that his financial house of cards has long been built on tax fraud. The difficulty, of course, has been proving it. His tax returns are confidential, and like most financial criminals, he’s spent decades using multiple layers of shell games to hide his fraud. But now the New York Times has blown the whole thing wide open.
Remarkably, but perhaps not surprisingly, it turns out that much of Donald Trump’s tax fraud has centered around the massive inheritance that he received from his father Fred Trump. Donald has always claimed that he’s built his empire with little financial help from his father. But the real truth is that he simply buried all the money he got from his father in fraudulent places, so that no taxes would have to be paid on it.
To give you an idea of just how serious this is, the NY Times – which chooses its words carefully and tends to understate things – is accusing Donald Trump in “dubious tax schemes … including instances of outright fraud, that greatly increased the fortune he received from his parents.” The lengthy expose goes on to explain that this primarily took place in the 1990s, though of course these tax fraud schemes have continued to this day.
The felonies being described here are enough to send Donald Trump to prison for the rest of his life, which is going to be difficult while he’s still in office. But this is also enough for all of his assets to be seized. Because Trump committed state income tax fraud in addition to federal income tax fraud, the state of New York could begin seizing his assets while he’s still in office. You can read the entire lengthy New York Times expose here.
