DONALD TRUMP: Real estate in New York may be doomed

Sleepy Castle in New York is the focus of the investigation against Donald Trump. Here he is said to have stole the tax credits.

New York – about an hour’s drive north New York City Mount Kisco is located in wealthy Westchester County. Own there Donald Trump A property on an area of ​​about 86 hectares – but its sleepy castle and the surrounding landscape are currently subject to civil and criminal law Investigations. Whether it is checked Trump card Allegedly, he manipulated the value of his property in order to obtain tax breaks.

The Donald Trump investigation: Has he tampered with his property value?

With the expiration of his tenure and the corresponding increase in his immunity, “Seven Springs” was once again the focus of investigators’ attention. Despite the headlines of other possible crimes by ex-Superiors He dominates – like silent financial payments and influence over electoral authorities – but here the judiciary assumes something against him Trump card To find.

The property was Donald Trump Purchased in 1995 for $ 7.5 million, $ 2.25 million less than the list price. After an economic failure Trump card In the 1990s, “Seven Springs” is supposed to have a new set of luck. Unlike its other “shiny” properties, its Westchester property is somewhat remote and quiet. The site mentions a family retreat. Donald Trump He himself hadn’t been there more than four years ago. When he made plans for over a dozen luxury homes Trump card About the idea of ​​moving in with his family. However, this plan was forgotten. Previously, it was planned to build a golf course on the property. The project failed due to objections from local residents – otherwise the lawn chemicals could poison Bayram Lake, which is very close and functions as a source of drinking water. The later planned construction of single-family homes also failed due to legal disputes.

DONALD TRUMP: Investigators are targeting remote properties in New York

So it is Donald Trump I followed an alternative strategy. Confidence in nature conservation confirmed that 60 hectares of meadows and forests will be left untouched. In return, he received a tax credit of $ 21 million, which is the estimated value of the property. The entire property’s value was officially estimated on December 1, 2015 at 56.6 million – well above local authorities’ estimates. They found the property had a total value of $ 20 million.

“Even if a tax problem related to a conservation agreement is not as exciting as paying silence money, investigators are focusing more on every breach of law they find,” former New York Attorney Duncan Levin told the AP. “Remember, Al Capone was arrested by the authorities for tax offenses.”

“If the value of the tax credit is incorrectly inflated, who benefited from it and how much?” Asks Michael Colangelo, who works for the attorney general at New York It works for the Associated Press. “Obviously, the Attorney General will have to review records showing the value of this benefit because it is sent to interim cases and ultimately to the master Trump card Go personally. ”

Two Democrats are leading the investigations against Donald Trump

Michael Cohen, former attorney for Donald TrumpHe reportedly told a congressional committee that republican Manipulate real estate values ​​regularly in advance. Depending on the needs, he can increase or decrease the value in order to take advantage of tax breaks or special loan terms. Cohen witnessed this Trump card And in 2012 documents stated that the value of the Seven Springs amounted to 291 million dollars. He submitted this to Deutsche Bank in order to apply for a loan and buy the NFL football team. Trump card She also sent the documents to the financial magazine “Forbes” – to rank him as one of the richest people in the world. In his financial disclosure of his time President us There was talk of a property valued at $ 25 to $ 50 million.

A few days after leaving the White House Donald Trump Attorney general New YorkLetizia James, you need to send the documents. Construction law documents were also requested for the three neighboring villages. Real estate companies should also disclose their files with regard to the valuation. James leads a civil investigation. Cyrus Vance Jr., Manhattan County Attorney General, against the ongoing criminal investigation Trump card Administrator. They both admit Democrats. The Vance employee reports “boxes and boxes of documents” received after the request.

Investigation against Donald Trump: Eric’s son had to testify

Donald Trump Sun, Eric TrumpHe should testify before Letitia James, as Vice President.Trump card The organization ” and the president of the company through which it owns Seven Springs. And Ellen Weisselberg, Trump’s highest tax officer, and attorneys associated with the property Trump card She was active, James had to face the detectives. Last year, the New York Times provided details about the tax records for Donald Trump mentioned. They show that the former president declared “Seven Springs” not as a personal residence, but as an investment property – which since 2014 has brought him more tax breaks of more than $ 2 million. The Investigations It has been flagged against Trump card Again and again as a “witch hunt.” (Lucas Rogala)