Posted on 10/08/2021 12:38:43 PM PDT by lowbridge
Former President Donald Trump provided “misleading information about the financial situation” of his hotel in Washington while he was in office, according to the House Oversight and Reform Committee.
The committee, which recently obtained documents from the General Services Administration, found that Trump reported his hotel in downtown D.C. brought in $150 million in income while he served in the White House, but the hotel actually incurred more than $70 million in losses.
“By filing these misleading public disclosures, President Trump grossly exaggerated the financial health of the Trump Hotel,” the committee said Friday in a news release.
The Trump Organization did not immediately return NBC News' request for comment.
When Trump first applied to lease the Old Post Office Building in 2011 for his hotel, he also provided the federal government with information that the committee said “appeared to conceal certain debts.” Records show Trump specifically didn’t show outstanding balances for properties he owned in other major cities like New York, Chicago and Las Vegas, the panel said.
The committee also said the newly obtained documents show that from 2017 through 2020, the Trump International Hotel in D.C. received about $3.7 million in payments from foreign governments, which it said raises “concerns about possible violations of the Constitution’s Foreign Emoluments Clause.”
While he served in the White House, Trump also received “a significant financial benefit” from Deutsche Bank that allowed him to postpone making payments on the $170 million loan for the hotel, the committee said.
(Excerpt) Read more at nbcnews.com ...
Oh good grief.
Wake me up when they start investigating the Big Guy.
Journalism - RIP
Lives, fortunes, and sacred honor...
The Trump family has walked the walk.
God bless them.
And God save them, and us, from Deep State.
Journalism = Propaganda
I will give you odds that the Senate Oversight committee does not know the difference between revenues, income, net income, EBITA, abnd profit.
And journalists know even less.
I guarantee you they are not comparing apples to apples.
Horrors!!!
Meanwhile IdiotJoe wrecks the entire economy, floods the US with illegals, causes shortages of everything, raises gas prices, and supports a sex-addict son.
Well, which was it?
Was Trump unduly profiting by his being in the White house
- or -
Was Trump losing his butt?
ABC is Disney. Disney is a malicious corporation.
CNN is ATT — telecom
NBC, MSNBC are Comcast — telecom
BigNews is a heaping pile of BigLies.
This from people, many of which have never held down a real
job in their lives, much less operated as the owner of a
major multi-million dollar business.
What money manipulations he uses that are legal, are legal.
You can’t spin it around and make it evil.
Last year was a tough year for businesses. I’m sure
creative money management played in. I would expect it
to.
Trump wasn’t looking at who used the hotel. He’s
president and had his hands full there.
He wasn’t seeing the dailies at the hotel.
Good grief these people are twisted.
So somebody is supposed to immediately report to the media when they lose money in their business? I thought that was done on IRS forms once a year.
So?
So?
I believe that the Supreme Court tossed out the last of the emolument clause cases.
I guess these f-sticks want the IRS to investigate now?
Color me confused.
I thought DJT divested himself over all control of his hospitality empire prior to entering the White House. So how does he become liable for information provided by the organization that bears his name while he was serving as 45?
I that’s the way they want to play, then he should just tell them he’s changed his mind and he’ll take 4 years of his salary after all - plus interest.
Good grief Charlie Brown!
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