Could be Russians.Since President Trump won the Republican nomination, the majority of his companies’ real estate sales are to secretive shell companies that obscure the buyers’ identities, a USA TODAY investigation has found.
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Condos owned by others in the same buildings, and sold during the same time period, were bought by LLCs in no more than 20% of the transactions. In some areas, the share was far less.
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The increasing share of opaque buyers comes at a time when federal investigators, members of Congress and ethics watchdogs are asking questions about Trump's sales and customers in the U.S. and around the world.
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Their concern is that the secretive sales create an extraordinary and unprecedented potential for people, corporations or foreign interests to try to influence a President. Anyone who wanted to court favor with the President could snap up multiple properties or purposefully overpay, without revealing their identity publicly.
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The increase in purchasers shielded by LLCs makes it far more difficult to track who is paying the President and his companies for properties ranging in price from $220,000 to $10 million – or more.
USA Today
The White House refers all questions about Trump's businesses to The Trump Organization, which would not answer questions about the sales.
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Over the last 12 months, about 70% of buyers of Trump properties were limited liability companies – corporate entities that allow people to purchase property without revealing all of the owners’ names. That compares with about 4% of buyers in the two years before.
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Profits from sales of those properties flow through a trust run by Trump’s sons. The president is the sole beneficiary of the trust and can withdraw cash any time.
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Since Election Day, Trump’s businesses have sold 28 of [his] U.S. properties for $33 million.
As I've always maintained, the sole reason for Trump's candidacy was personal enrichment.
...but hey, do what you want...you will anyway.
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