Trump is a thief.
There are two good, sound legal reasons to deny Donald Trump the presidency. The first is a series of bankruptcy frauds that he ran out of Atlantic City NJ 1991-92 - 2004 - 2009. The largest of these frauds ended 2004 with some $1.8 billion scammed by his feeders from investors and pension funds.
The second reason is a tax fraud that made a duplicate claim on some $900 million in casino losses. Those casino losses were moved to investors. Trump avoided these liabilities. In the end such double-counting of write-offs is explicitly illegal. There is nothing Fake News about this. Public documents in New Jersey verify the debts and cash flows.
Easy-peasy to trace from the period's NJ Casino Control Commission reports. It's called compliance analysis. The bankruptcy papers are at Camden NJ's U.S. Bankruptcy Court. 100% public document. Occupy NYC ground it all out in the three weeks starting October 1st 2016.
Why didn't IRS catch Trump? Because IRS audits only look back 6 years. Current year plus six. In 2004 when the legal status of these debts changed permanently no one looked at Trump's 1995 personal tax return.
"Smart."
For professionals these are well understood calculations. Routine M&A/compliance work. Pros look all the way back because tax fraud schemes like this have no federal statute of limitations. A whistleblower could always kick off a R.I.C.O. investigation and force matters.
Fact is that during Trump's 2004 bankruptcy fraud the first $900 million of casino operating losses was paid with borrowed money. Eventually that fraud-based borrowing got to $1.8 billion. (No effort to repay capital, repeated skimming.) But the first $900 million is important for tax fraud because while the lenders got a legitimate write-off for it out of the 2004 bankruptcy, this SOB crook Trump had taken his own personal tax write-off for the very same casino debts in 1995. That's a felony.
Felons should not be president.
Trump never repaid a dime of what he owed IRS and the states. He kept on using that $900 million write-off to avoid all income taxes. Trump is a crook. And still Comey's FBI and its Management Track personnel protect Trump from background checks. IRS ignores the whole kerfuffle. FBI, IRS, and SEC ignored Bernie Madoff from 2000 thru 2008.
Two Americas, indeed.
In New York this immunity of the rich extends beyond Donald Trump. It also extends to DUI manslaughter. A Wall Street CEO named George Anderson got drunk at a Rangers hockey game back in January, 2008. Then he got in his Mercedes and drove up Water Street at 60 m.p.h. As he took a bend in the road, he hit a woman who was trying to hail a cab and kept going. That was Florence Cioffi. But Anderson was a CEO, so he did 16 days in Rikers prison and paid a $350 fine. (Minimum sentence for normal folk is a year in state prison.)
One can imagine that for Trump, the Court would give him a medal. This election cycle Trump has been rewarded for his money, while only Occupy takes the trouble to trace his wealth to its roots. These bankruptcy frauds brought in more than $3 billion. The $900+ million tax fraud allowed Trump to avoid state and federal income taxes. Anybody would be rich with that.
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