A government watchdog group is filing a complaint about a $50 million loan that Trump claimed for years on government disclosure forms but which may have never existed.
repeatedly lied in sworn statements to the federal government—including his own administration—about a $50 million loan that apparently never existed in the first place, and which could be
In a statement to The Daily Beast, Noah Bookbinder, president of CREW, said Trump’s continual lies are self-serving and incompatible with the rule of law. Weeks later, Engoron found Trump and his company guilty of engaging in years-long, systematic business fraud, misrepresenting their assets in order to gain favorable terms from lenders. He fined Trump and other Trump Org officialsIn a response to Jones’ filing last January, Trump’s legal team accused her of “falsehoods” and “deliberate mischaracterizations,” claiming the Trump Org never told her the loan wasn’t real.
“Yes, the loan existed,” Garten told The Daily Beast in January, claiming the debt was “an internal loan” where Trump “lent money to the entity that he owns.”, approved by the Office of Government Ethics last October—clearly state that it was the other way around: It wasdebt obligation,” the CREW complaint reads.
In fact, it was only last August that Trump finally first reported that Chicago Unit Acquisition LLC didn’t just have a menial value in the thousands, but owned a $50 million-plus underlying asset, described as an “intercompany receivable from filer” .receivable asset on the eight previously filed PFDs nor does it comport with the more recent disclosures made to Judge Jones that the Chicago Loan ‘never existed,’” the complaint notes.
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