Wednesday, January 10, 2018

Trump sales haven't even slowed down

They're getting in all the money laundering dollars they can before Mueller puts a stop to it.
President Trump’s companies sold more than $35 million in real estate in 2017, mostly to secretive shell companies that obscure buyers’ identities

[...]

In Las Vegas alone, Trump sold 41 luxury condo units in 2017, a majority of which used limited liability companies – corporate entities that allow people to purchase property without revealing all of the owners’ names.

The trend toward Trump's real estate buyers obscuring their identities began around the time he won the Republican nomination, midway through 2016, according to USA TODAY's analysis of every domestic real estate sale by one of his companies.

  USA Today
Seriously? What about Trump Soho and other properties he sold to Russian mobsters decades ago?
In the two years before the nomination, 4% of Trump buyers utilized the tactic. In the year after, the rate skyrocketed to about 70%. USA TODAY's tracking of sales shows the trend held firm through Trump's first year in office.
Okay, we're only talking about three years.
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 he can withdraw cash at any time.

[...]

At least one of the 2017 sales was to a German couple. His company determined that transaction does not qualify as a “foreign deal,” which the president and his lawyers vowed to avoid while he is in office.
I think it's great how these asshats just decide what things mean to suit whatever they do. What's my property worth? Oh, whatever I feel it's worth. Who's a foreigner? Oh, whoever I think is one.
A single condo in Trump’s Vegas development sold in October for $1.6 million. That stretched the price per square foot to around $1,000, pushing the limits of the market, said Nicole Tomlinson, a high-rise sales specialist at Shapiro & Sher Group in Las Vegas.
Nothing to suggest money laundering there. Move along.

...but hey, do what you want...you will anyway.

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