This is a Practice Donald Trump Used for Decades, and Now He has been Indicted for his Crimes


 

Op-ed by TheWiseOldFart

 

I want to make it simple for you to understand why a federal judge is supporting fraud indictments levied against Trump’s business interests in New York.

Yours, truly, begin writing about Donald Trump’s felonies ten years ago. Let me explain the reason for the indictments in a very simple and understandable way.

If you own a home or business, the county tax assessor will declare a monetary value each year by a specified date determined by law. The owner of that property or business has an opportunity to dispute the value of said property which would reduce the amount of taxes. This is what Trump and his lawyers have done for decades, and it is not in any way a violation of our nation’s overly complicated tax laws which are designed to protect the wealthy.

However, when Trump’s business sought loans from large banks, such as Deutsche Bank, they inflated the value of these same properties which enabled them to receive a larger loan.

The example used by the judge was Trump’s millionaires only playland, Mar-a-Lago. Public records show that the tax assessment was originally about 26 million dollars. Trump’s people fought to have that value reduced to around 18 million dollars. However, when he sought a loan from the world’s largest banks, Trump ordered the value to exceed 600 million dollars, and as much as 1.8 billion.

This was common throughout Trump’s New York business dealings for as long as he owned his real estate company in the Empire State. He frequently bribed public officials who allowed him to maintain his criminal empire.

What all this means is very simple: Trump has been caught. Another lifetime criminal, not unlike the leaders of the mafia, will finally pay for a life of crime which allowed him to live a life of luxury and privilege.

Op-ed by James Turnage

Find my nine novels here: https://www.amazon.com/stores/James-Turnage/author/B00LOCJ2Z2?ref=ap_rdr&store_ref=ap_rdr&isDramIntegrated=true&shoppingPortalEnabled=true

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