As its investigation into the former president continues, the Manhattan district attorney’s office is eyeing the loan the Trump Organization received from a hedge fund and private equity company for its eponymous Chicago skyscraper.
Sounds like the DA wants to bury Donnie. I hope Mnuchin gets snagged too.
the Manhattan district attorney’s office …
… is keeping busy. In its sights, care of Cy Vance and now also Mark Pomerantz, are Trump, Bannon, and others. We’ll see how far they get.
Partners to Fortress have included […] Cerberus Capital Management, whose co-chief executive, Stephen Feinberg, later became a major Trump fundraiser and later led a White House advisory panel.
CCM is also home to Dan Quayle, who serves as its “Chairman of Global Investments.”
Trump accounted for $287 million of income from his canceled debts
Strange way of making a buck. So much for those awesome “job creators”.
Nothing to see here folks, move along, this is all entirely normal …
Oh wait - no. No, this is not normal.
Hey Quayle, it’s spelled “subpeena”.
Chances he paid all the taxes on his “welcher’s windfall”: 0
Chances he took the deductions on the $185M in interest: 100
Over/under on whether Trump eventually tries to make Weisselberg the fall guy? “I know nothing, Allen took care of all of that.”
HA! It’s Chicago so you can also add Jared Kushner; the Chinese; the former speaker of the Illinois House of Representatives, Michael Madigan; AND disgraced, former Chicago Alderman, Ed Burke, to the list!
Pretty sure Weisselberg anticipated that. Just as in law school the first thing they teach you is that no client is worth going to jail for, there has to be an equivalent accountants’ code.
That makes sense.
Anybody have the phone number of this Fortress company? I’d like to borrow $150M. I promise to pay back $48M. I’ll even pay it back on the same day they loan it to me.
Trump gives vague oral orders. One thing he knows how to do is cover his ass. Even in the GA phone call, he never actually said he wanted them to “make up” votes. I don’t think that will fly in that case since he mentioned an exact number. But he is like most mob bosses, he orders things indirectly. A mob boss might say “Vinny needs to disappear”, etc. He also probably never says stuff on the phone. For the GA call, he definitely did not realize he was being recorded.
He will try to make Weissman the fall guy, but laws since the Enron scandal have stopped a lot of the “I know I am in the CEO, but I had no idea was was going on” defense. Especially not on issues like this.
Not to beat a dead horse, but does Donald Trump ever do anything right (i.e.follow the rules)?? Ever? On anything?!?!?! 
Apparently, in the real estate business, it may be perfectly normal. Our tax code sucks.
“I barely knew him, met him once in the elevator I think.”
Financial entities are required to issue the debtor a 1099-C to report cancellation of indebtedness income. That creates a record for the IRS to check against the return so I doubt Weisselberg or any other accountant would not report the income.
Time to fit Trumpy for that orange jumpsuit. . . you know the one that matches his hair.
This adds up.
I know this is how he works but he turned a $150,000,000 loan into a $100,000,000 profit.
Next house I buy I plan to only pay back a third of the loan and call it even. The Trump rule.