Trump hid over $70 million in losses on his DC hotel, House committee report alleges

Former President Donald Trump’s luxury hotel in Washington, D.C., lost more than $70 million from 2016 to 2020, according to newly released filings that his accountants submitted to the hotel’s landlord, the General Services Administration. While the hotel was losing money, Trump’s annual financial disclosures reported only its revenue, which amounted to $156 million overContinue reading “Trump hid over $70 million in losses on his DC hotel, House committee report alleges”

Sen. Ron Johnson, worth millions, paid almost nothing in 2017 state income tax–and won’t explain why

The Wisconsin multimillionaire paid $2,105 in 2017. In previous years, the bill was 30 times that Sen. Ron Johnson, R-Wisc., paid next to nothing in 2017 state income taxes compared to previous years, despite reporting an individual income of at least $450,000.  According a Milwaukee Journal Sentinel report released Thursday, the Republican lawmaker paid exactly $2,105 inContinue reading “Sen. Ron Johnson, worth millions, paid almost nothing in 2017 state income tax–and won’t explain why”

More than 3 million new docs found in co-conspirator’s basement by Trump tax fraud investigators: report

An attorney for Allen Weisselberg, the chief financial officer of the Trump Organization, said in court Monday that he believes more indictments are coming in the case. “We have strong reason to believe there could be other indictments coming,” attorney Bryan Skarlatos said at a pre-trial hearing in New York State Supreme Court, according toContinue reading “More than 3 million new docs found in co-conspirator’s basement by Trump tax fraud investigators: report”

Federal judge says Trump’s accountants must turn over tax records to House panel

The judge approved a subpoena for Trump’s records covering 2017 and 2018, but turned down most of the panel’s request for similar information dating back to 2011. A federal judge has ruled that former President Donald Trump’s accountants must turn over two years’ worth of his tax and financial records to a House committee investigatingContinue reading “Federal judge says Trump’s accountants must turn over tax records to House panel”

Trump’s company, CFO indicted in ‘sweeping’ tax fraud

Donald Trump’s namesake company and longtime financial chief pleaded not guilty on Thursday to what a New York prosecutor called a “sweeping and audacious” tax fraud, arising from a probe into the former U.S. president’s company and its business practices. The indictment against the Trump Organization and its chief financial officer Allen Weisselberg is theContinue reading “Trump’s company, CFO indicted in ‘sweeping’ tax fraud”

Trump executive ‘could face charges in matter of days’ as criminal tax probe enters final stages

Prosecutors have been trying from months to seek Weisselberg’s cooperation on Trump case The long-serving chief financial officer of the Trump Organisation could face charges in a matter of days, according to a US media report, as a criminal tax probe against him has entered the final stages. A grand jury has been hearing theContinue reading “Trump executive ‘could face charges in matter of days’ as criminal tax probe enters final stages”

Palm Beach planning for possibility of Trump indictment: report

Officials in Palm Beach, Fla., are reportedly considering a course of action should former President Trump be indicted by Manhattan District Attorney Cy Vance Jr. while he is staying at Mar-a-Lago. According to Politico, law enforcement officials in the town have discussed how to handle a possible extradition if Trump is indicted by authorities investigating whether he committed bankingContinue reading “Palm Beach planning for possibility of Trump indictment: report”

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