Property documents reveal that Donald Trump has been listing higher values on his loan applications and lower values on his taxes, which is bank and tax fraud.
A recent New York Times story about Trump family tax fraud has opened tax probes in several states and may lead to Trump owing hundreds of millions of dollars. Although it is unlikely the president or anyone in his family will be charged with crimes, it is very possible that they may owe so much money that Trump family assets may have to be liquidated to pay their debts. If this happens the president, his siblings, and his children could all be in serious financial trouble.
Even though the statutes of limitations may have expired for criminal tax fraud (because the events took place so long ago) that would not be the case for the imposition of civil tax penalties. Which would mean Trump and his family may be on the hook for hundreds of millions of dollars. It is not far-fetched to think that this could possibly wipe out his entire net worth and bankrupt him.
Yesterday the New York Times dropped a bombshell on the political world when it published a lengthy article about Donald Trump’s finances, including how he inherited hundreds of millions of dollars and committed massive amounts of tax fraud.
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Rep. Ted Lieu (D-CA) said on MSNBC's The Beat with Ari Melber that the walls are closing in on Trump as besides the Russia and Cohen investigations, the president could be facing issues with criminal tax fraud over the Trump Foundation.