Wednesday 16 October 2019

Trump exaggerated building values to get financing, tax documents show

Michael Cohen, Donald Trump’s former personal secretary, testified in March that Trump inflated property values in order to get financing, and a comparison of his tax returns and loan records by ProPublica shows how. In documents provided to the lender for two of the buildings, Ladder Capital, the rent rolls were inflated to double what was reported in Trump’s 2017 tax returns. At one building, occupancy figures were reported that were well above what was



source https://therealdeal.com/2019/10/16/trump-exaggerated-building-values-to-get-financing-tax-documents-show/

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