More of the same criminal behavior as Ivanka gets hit with a connection to Trump tax fraud. What else seems new. Darn nepotism. Then again her father did take a deduction for that Stormy Daniels payoff.
This is harassment pure and simple. This ‘inquiry’ by NYC democrats is 100% motivated by politics, publicity and rage. They know very well that there’s nothing here and that there was no tax benefit whatsoever. These politicians are simply ruthless.https://t.co/4dQoDzQlRX
— Ivanka Trump (@IvankaTrump) November 20, 2020
The Times, which said the two investigations have subpoenaed the Trump Organization in recent weeks, follows publication of Trump’s long-sought tax records and revelations that he personally guaranteed debt running into the hundreds of millions that could soon be called in or come due.
Trump’s financial and legal stresses appear to be mounting. Earlier this month, Reuters reported that Trump’s main lender, Deutsche Bank, is looking for ways to end its relationship with the president.
Deutsche Bank has about $340m in loans outstanding to the Trump Organization, the president’s umbrella group that is currently overseen by his two sons. The loans, which are against Trump properties and start coming due in two years, are current on payments and personally guaranteed by the president, according to Reuters.
Among the latest revelations is that he reduced his tax exposure by deducting about $26m in fees to unidentified consultants as a business expense on several projects in the past decade.
Some of those fees, the Times said, appear to have been paid to Ivanka Trump, including a payment of $747,622 from a consulting company that exactly matched consulting fees claimed as tax deductions by the Trump Organization.