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Forum » Trump engineered a sudden windfall in 2016 as campaign funds dwindled
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Thread: Trump engineered a sudden windfall in 2016 as campaign funds dwindled

post 1618894161 10-09-2020, 11:31 AM
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Trump engineered a sudden windfall in 2016 as campaign funds dwindled

Tax records expose more than $21 million in highly unusual payments from the Las Vegas hotel Donald Trump owns with Phil Ruffin, routed through other Trump companies and paid out in cash.




Trump cultists gunna have a delusional day today
Donald J. Trump needed money.

His “self-funded” presidential campaign was short on funds, and he was struggling to win over leery Republican donors. His golf courses and the hotel he would soon open in the Old Post Office in Washington were eating away at what cash he had left on hand, his tax records show.

And in early 2016, Deutsche Bank, the last big lender still doing business with him, unexpectedly turned down his request for a loan. The funds, Mr. Trump had told his bankers, would help shore up his Turnberry golf resort in Scotland. Some bankers feared the money would instead be diverted to his campaign.

That January, Mr. Trump sold a lot of stock — $11.1 million worth. He sold another $11.8 million worth in February, and $7.5 million in March. In April, he sold $8.1 million more.

And the president’s long-hidden tax records, obtained by The New York Times, also reveal this: how he engineered a sudden financial windfall — more than $21 million in what experts describe as highly unusual one-off payments from the Las Vegas hotel he owns with his friend the casino mogul Phil Ruffin.
“Why all of a sudden does this company have more than $20 million in fees that haven’t been there before?” said Daniel Shaviro, a professor of taxation at the New York University School of Law. “And all of this money is going to a man who just happens to be running for president and might not have a lot of cash on hand?”

Unless the payments were for actual business expenses, he said, claiming a tax deduction for them would be illegal. If they were not legitimate and were also used to fund Mr. Trump’s presidential run, they could be considered illegal campaign contributions.
https://www.nytimes.com/interactive/...gtype=Homepage

None of the above constitutes legal advice nor should be interpreted as such.
post 1618894331 10-09-2020, 11:33 AM
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LOL this keeps getting better
Mr. Ruffin’s patronage of the president has been less lavish, and less examined, than that of his Las Vegas compatriot Sheldon Adelson. But he has long been a wingman for Mr. Trump’s political ambitions — urging him to run, burnishing his image and promising financial support.

In July 2016, he took the podium at the Republican National Convention in Cleveland to sing the nominee’s praises.

“Donald’s word is his bond. If Donald tells you something, you can put it in the bank,” he said. “I love the man.”
None of the above constitutes legal advice nor should be interpreted as such.
post 1618894401 10-09-2020, 11:34 AM
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He is surely finished
post 1618894631 10-09-2020, 11:36 AM
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I know peoples fathers whose 401ks have tripled.

You think they gonna give a fuk about this?
Formerly HandBrah, LipBrah & FootBrah
they call me Don Taters
NYM
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WE GONNA WIN THE FUKING SUPERBOWL SOON BAYBEH
Hala Madrid
££££££sports betting crew££££££
This is all OJ's fault
Ass cheeks are the titties of the ass
First I romance the pie maker, then I romance the pie
post 1618894661 10-09-2020, 11:36 AM
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Could a mod pls move this to R&P. Thanks
None of the above constitutes legal advice nor should be interpreted as such.
post 1618894831 10-09-2020, 11:39 AM
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Why do you think anybody cares?
post 1618896091 10-09-2020, 11:51 AM
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Originally Posted By yewotm8⏩
Why do you think anybody cares?
I care.

**cave.gif**
“You won’t hear this in the media, but Donald gave $20 million to the St. Jude children’s home,” he said. “He could have used that $20 million for television ads, but he decided to give it to the children of cancer.”

The Washington Post later reported that it had found no evidence of any such donation. More definitively, there is no mention of it in Mr. Trump’s tax records.
None of the above constitutes legal advice nor should be interpreted as such.
post 1618896321 10-09-2020, 11:54 AM
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Daily reminder that Biden formed two shell S corps named CelticCapri Corp. and Giacoppa Corp. in order to shield his earnings from his speeches and books from being taxed self employment taxes by labeling those payouts back to himself and his wife as "distributions" rather than salaries.
post 1618896841 10-09-2020, 12:02 PM
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#9
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Originally Posted By JIA⏩
Daily reminder that Biden formed two shell S corps named CelticCapri Corp. and Giacoppa Corp. in order to shield his earnings from his speeches and books from being taxed self employment taxes by labeling those payouts back to himself and his wife as "distributions" rather than salaries.
Quiet cavecel.
To that end, Mr. Shaviro, the N.Y.U. tax law professor, said it would be especially important to examine the deals cited by the president’s financial disclosures to justify some of the payments.

Nathaniel Persily, an election law expert at Stanford Law School, said that if the payments were not legitimate, and were then directed to Mr. Trump’s campaign, they would likely be considered illegal campaign contributions.

“If it turns out a corporation gave the campaign any money, that is illegal,” he said. “If an individual contributed any money exceeding the legal limits, that is illegal.”

The White House spokesman, Mr. Deere, did not answer The Times’s specific questions about the payments and any deals underlying them.

The subject of the Trump-Ruffin financial relationship came up, albeit obliquely, when the president’s estranged personal lawyer, Michael D. Cohen, testified before Congress in 2019. Had a businessman from Kansas given Mr. Trump the $25 million to settle the Trump University lawsuit? “I am not familiar with that, no,” he said.
None of the above constitutes legal advice nor should be interpreted as such.
post 1618898271 10-09-2020, 12:18 PM
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Originally Posted By SultanofBling⏩
Quiet cavecel.
I find solace in watching Trump consume you. Only reasserts his power and influence.
post 1618899471 10-09-2020, 12:30 PM
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Originally Posted By JIA⏩
I find solace in watching Trump consume you. Only reasserts his power and influence.
Lol I really don't care about Trump. It's his cultists (see: you, Jhamaican, kcadrenalin, that one Canadian old man from BC.)


The illusion of this man is cracking and yet you still persist in your flawed views.
None of the above constitutes legal advice nor should be interpreted as such.
post 1618903371 10-09-2020, 01:10 PM
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Originally Posted By JIA⏩
Daily reminder that Biden formed two shell S corps named CelticCapri Corp. and Giacoppa Corp. in order to shield his earnings from his speeches and books from being taxed self employment taxes by labeling those payouts back to himself and his wife as "distributions" rather than salaries.
Daily reminder that whataboutism is just an explicit admission that your own side is indefensible on its own merit.
post 1618903571 10-09-2020, 01:12 PM
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Nobody cares (about OP)
post 1618905211 10-09-2020, 01:26 PM
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Originally Posted By AlwaysFocus⏩
Nobody cares (about OP)
Location: Canada

Nobody cares about u in ur socialist hellhole
None of the above constitutes legal advice nor should be interpreted as such.
post 1618906111 10-09-2020, 01:35 PM
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________

MFC

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Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote. -Benjamin Franklin
Tits and Beer
post 1618906351 10-09-2020, 01:38 PM
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Originally Posted By kcadrenalin⏩
snip.
I'll keep my eyes peeled for any suspicious activity around KC in the wake of Trump's defeat on Nov 3. Gotta make sure u dont go postal
None of the above constitutes legal advice nor should be interpreted as such.
post 1618908581 10-09-2020, 02:02 PM
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#17
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Originally Posted By SultanofBling⏩
Gotta make sure u dont go postal
the amount of projection here and how ironic it is would be funny, if not for you actually being mentally unstable with your own posting here...
post 1618909771 10-09-2020, 02:15 PM
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#18
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Originally Posted By 1fast1⏩
the amount of projection here and how ironic it is would be funny, if not for you actually being mentally unstable with your own posting here...
Ron ron.


Formidable!

None of the above constitutes legal advice nor should be interpreted as such.
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