Trump’s Shady Accounting Playbook for the Hyper-Rich | News Sponsored by TrumpShop.net

Oct 03, 18
Trump’s Shady Accounting Playbook for the Hyper-Rich | News Sponsored by TrumpShop.net

There were also cases of potential fraud. The most overt involved a shell company called All County Building Supply & Maintenance, which “siphoned millions of dollars from Fred Trump’s empire” by marking up the cost of goods and bumping up rent increases. Another egregious example: Fred Trump sent a bookkeeper to Atlantic City to buy more than $3 million in casino chips, a cash infusion that helped his son Donald avoid defaulting on his bond payments. A lawyer for President Trump denied any wrongdoing and distanced the president from the allegations, and the White House has dismissed the story. “The Failing New York Times did something I have never seen done before,” Trump wrote on Twitter. “They used the concept of ‘time value of money’ in do

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