Manhattan DA expands criminal probe of Trump Organization to include its Seven Springs Westchester County compound to investigate whether its value was inflated for tax breaks
Daily Mail
January 16, 2021
The Manhattan District Attorney, Cyrus Vance, is investigating Trump for
possible tax fraud, and bank and insurance fraud. Vance was already
investigating hush money payments made to women who had claimed they had
sex with Trump, but the investigation now includes Trump's home at
Seven Springs, an historic estate in Westchester, New York, purchased in
1996 for $7.5million.
A 2012 Trump financial document values the property at $291 million, but local agents estimated the property would trade for around $50 million or less. Instead,
Trump signed a deal with a land conservancy promising not to develop it. It gave him a $21million charitable tax deduction while Trump also claimed $2.2million in property taxes from the house as business expenses. Trump had planned to build a golf course along with nine homes on the site but was stopped by local residents who wanted to protect it.
In 2014, Eric Trump described it as the family's personal compound where he'd spent summers as a child learning 'the art of the deal'.
On Friday, The Associated Press reported investigators in Vance’s office interviewed Michael Cohen for several hours on Thursday. They asked him about the president’s business dealings, with particular focus on his relationship with Deutsche Bank, Trump’s biggest lender, who are now looking to sever ties with Trump despite having owing $300 million in loans.
2 comments:
I don't think the Government will get far with Michael Cohen as their primary witness.
He will be in prison. There is zero chance trump will be living among the free in a year. Maybe some of the sycophants on this site can put some money on his books. He can make a spread.
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