Author Topic: Trump Properties and Shell Companies  (Read 505 times)

Wayward Son

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Trump Properties and Shell Companies
« on: September 14, 2018, 02:53:11 PM »
And I'm not talking about Shell Oil. :)

According to U.S.A. Today:

Quote
Since President Trump won the Republican nomination, the majority of his companies’ real estate sales are to secretive shell companies that obscure the buyers’ identities, a USA TODAY investigation has found.

Over the last 12 months, about 70% of buyers of Trump properties were limited liability companies – corporate entities that allow people to purchase property without revealing all of the owners’ names. That compares with about 4% of buyers in the two years before.

Why the sudden change?  Why only after he was nominated?

And it's the perfect way to bribe the President.

Quote
“If what’s going on is somebody is buying something from The Trump Organization to buy favor, there’s no way you’d ever figure out who that person is or what favor they’re trying to buy,” said Jack Blum, a Washington attorney specializing in offshore tax evasion and financial crime and former staff lawyer for two U.S. Senate committees.

That may not be the reason for the sudden upsurge, but it is suspicious.

TheDrake

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Re: Trump Properties and Shell Companies
« Reply #1 on: September 14, 2018, 05:20:57 PM »
Actually, that would be a very sloppy way to bribe the president.

D.W.

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Re: Trump Properties and Shell Companies
« Reply #2 on: September 17, 2018, 09:42:38 AM »
Unless it was a foreign government that would benefit in that sloppiness.  It's not like Putin is a Democrat or a Republican after all.

TheDrake

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Re: Trump Properties and Shell Companies
« Reply #3 on: September 17, 2018, 10:36:46 AM »
Also, real estate LLC is not unusual, and I could imagine anyone buying Trump property today would want anonymity to avoid getting caught up in the Trump maelstrom. Of course, I also think it is pretty overstated that there is "no way you'd ever figure out" who is behind an LLC.

TheDeamon

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Re: Trump Properties and Shell Companies
« Reply #4 on: September 17, 2018, 10:42:22 AM »
Have you been living under a rock regarding Trump these past two years?

The amount of activist attention Trump is now getting is enough that anyone who has
1) High net worth
And
2) Employment in an industry where they are vulnerable to public (activist) blowback on things.

Are going to take measures such that said activists are going to need to take "extraordinary measures" in order to link them to a Trump property. Also particularly rich and famous persons are known to hide behind LLC and other "shell companies" when they prefer to keep certain (residence/vacation home) information under wraps.

It also is possible a fair bit of that LLC Activity was existing residents shifting ownership away from being directly linked to their name.