Information reaching Kossyderrickent has it that Report that Trump may have ‘stolen’ $1.7 billion from the government while serving as president is UNCONFIRMED.
DONALD TRUMP stole $1.7 billion from the government? – No, he didn’t.
Trump applied similar fuzzy math to his Mar-a-Lago estate in Palm Beach, Florida, the lawsuit alleged, by valuing the private club and residence as high as $739 million — more than 10 times a more reasonable estimate of its worth. Trump’s figure is based on the idea that the property could be developed for residential use, but deed terms prohibit that.
“This investigation revealed that Donald Trump engaged in years of illegal conduct to inflate his net worth, to deceive banks and the people of the great state of New York,” James said at a news conference.
Pulitzer Prize-winning journalist David Cay Johnston details the full extent of Trump’s ill-gotten gains from 2017 to 2021 in his new book, The Big Cheat: How Donald Trump Fleeced America and Enriched Himself and His Family. During a Monday interview on CNN, Johnston discussed how the Trump Organization earned at least $1.7 billion during the time that Trump was president.
Johnston arrived at the figure by looking into financial disclosures that Trump was legally required to make while he was in office. Despite the law saying that these disclosures had to be published, Trump had tried to keep the records private.
“Donald, in fact, asked through his lawyers if he could file financial disclosures without signing under penalty of perjury. He was told, no, you have to sign under penalty of perjury,” Johnston said during the interview.
A significant amount of the $1.7 billion that the Trump Organization made in those four years came from American taxpayers. In its 222 pages, the suit struck at the core of what made Trump famous, taking a blacklight to the image of wealth and opulence he’s embraced throughout his career — first as a real estate developer, then as a reality TV host on “The Apprentice” and later as president.
It details dozens of instances of alleged fraud, many involving claims made on annual financial statements that Trump would give to banks, business associates and financial magazines as proof of his riches as he sought loans and deals.
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