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Anonymous buyers account for 70 percent of Trump real estate sales since he won GOP nomination: report

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According to a USA Today investigation, the majority of properties sold by President Donald Trump since he won the Republican National Convention last summer have been purchased by “secretive shell companies” that appear set up to “obscure the buyers’ identities.”

The report found that “over the last 12 months, about 70 percent of buyers of Trump properties were limited liability companies – corporate entities that allow people to purchase property without revealing all of the owners’ names.”

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“That compares with about 4 percent of buyers in the two years before,” the report continued.

USA Today’s six-month-long investigation rifled through every property owned by Trump and his various companies, and in turn documented each buyer during that time period. The investigation also found that “Trump’s companies owned more than 430 individual properties worth well over $250 million.”

Since he was elected, the report continues, Trump and his companies have sold 28 American properties for a total of $33 million, and the rest of his companies’ properties are valued at more than a quarter-billion dollars.

Although Trump’s sons operate the trust where the profits from those sales go, the report noted that “the president is the sole beneficiary of the trust and can withdraw cash any time.”

Some Democratic members of Congress have expressed concerns about Trump’s business dealings, in part because “the secretive sales create an extraordinary and unprecedented potential for people, corporations or foreign interests to try to influence a president.”

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“Anyone who wanted to court favor with the president,” the report continued, “could snap up multiple properties or purposefully overpay, without revealing their identity publicly.”

Trump was not legally required to disclose the real estate trust from these sales, the report noted.

“The clear post-nomination shift since last year to more shell-company purchases is unique to sales by Trump’s companies, even in his own towers and neighborhoods,” it concluded.

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Read the entire report on the secretive LLCs shielding buyers of Trump properties via USA Today.

 


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Trump has until the close of business Friday to prove ‘vote-by-mail fraud’ in Pennsylvania: Federal judge

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CNN's Jim Sciutto reported Thursday that President Donald Trump, his campaign and the Republican Party was given 24 hours to prove that there is vote-by-mail fraud in Pennsylvania.

https://twitter.com/jimsciutto/status/1293990702037241863

"The Court finds that instances of voter fraud are relevant to the claims and defenses in this case," Federal District Judge J. Nicholas Ranjan said in an opinion. He told Republicans they would have to provide evidence of the fraud to the Democratic Party and the Sierra Club, groups part of the lawsuit.

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The Lincoln Project seeks to peel wavering GOP voters away from Trump with $1 million ad blitz

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The anti-Trump PAC led by conservatives, The Lincoln Project, is gearing up to launch a million dollar digital ad campaign this Thursday, Yahoo News reports.

“We’ve ... been doing this with a purpose,” said Mike Madrid, a veteran GOP political operative who oversees LP’s political operations. “These ads have been running in limited runs as we check the analytics to see how the response is. And now, in the last 80, 90 days, it's all about execution. So we’re now putting the money and the firepower behind it in eight key States where we think it will make a difference by moving Republican votes.”

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2020 Election

Republicans embrace a new type of insanity as rabid right-wing Christians fade away

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Remember the "Left Behind" series, about how the Rapture would whisk away all devout right-wing Christians before Jesus Christ unleashed the apocalypse on the unbelievers? Purity rings? Jesus Camp? Breathless stories about "girls gone mild," giving up sex and tank tops for the Lord? A federal health official who believed that women who had premarital sex couldn't feel love? Jerry Falwell Sr. and Pat Robertson blaming 9/11 on the "pagans and the abortionists and the feminists and the gays and the lesbians who are actively trying to make that an alternative lifestyle, the ACLU, People for the American Way"?

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