Quantcast
Connect with us

Trump’s federal judge sister Maryanne Trump Barry is heavily implicated in NY Times report on family tax evasion

Published

on

retired Judge Maryanne Trump Barry

President Donald Trump’s sister, Judge Maryanne Trump Barry, was heavily implicated in the latest New York Times expose on the family’s history of tax evasion.

The report details the brazen fraud in wake of the senior Fred Trump’s death. Prior to his death, his son Donald urged his father to set up some ways for his brothers and sisters to score big without having to pay taxes. The elder Trump turned to Barry to consult about the legality of the idea.

ADVERTISEMENT

“This doesn’t pass the smell test,” he told her, she recalled during a deposition.

Judge Barry read the codicil in Fred Trump’s will, and agreed with her father it was problematic.

“Donald was in precarious financial straits by his own admission,” she said, “and Dad was very concerned as a man who worked hard for his money and never wanted any of it to leave the family.”

Their father then asked Barry to find new estate planning attorneys and asked that the assets be protected “from  Donald’s creditors.”

ADVERTISEMENT

That’s when the son lost sole control over his father’s finances.

“Simply put, without immediate action, Fred Trump’s heirs faced the prospect of losing hundreds of millions of dollars to estate taxes,” The Times described. “Whatever their differences, the Trumps formulated a plan to avoid this fate. How they did it is a story never before told.”

Barry then joined with the other siblings to generate a series of scams to transfer the wealth without paying gift taxes.

ADVERTISEMENT

“The Trumps’ plan, executed over the next decade, blended traditional techniques — such as rewriting Fred Trump’s will to maximize tax avoidance — with unorthodox strategies that tax experts told The Times were legally dubious and, in some cases, appeared to be fraudulent,” the report revealed. “As a result, the Trump children would gain ownership of virtually all of their father’s buildings without having to pay a penny of their own. They would turn the mountain of cash into a molehill of cash. And hundreds of millions of dollars that otherwise would have gone to the United States Treasury would instead go to Fred Trump’s children.”

Barry only gave a short statement when called for comment and refused to say more. President Donald Trump’s attorney made a statement saying that they relied on professionals to outline these legal parameters and then claimed it was fake news.

Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and legal efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. And unlike other news outlets, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from billionaires and corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you. Click to donate by check.

Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



Report typos and corrections to: [email protected]. Send news tips to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

‘Disconnected from reality’: NY Times editor ridicules Trump for being a ‘farce’ of a president

Published

on

New York Times editorial board member, Michelle Cottle, released a scathing op-ed highlighting the president's tendency to give oxygen to his adversaries that no one else would be paying attention to otherwise.

In a piece relating the White House to a "three-ring" circus, Cottle called the president a "farce" for his new war with Anthony Scaramucci.

As the president tweeted, no one had heard of Scaramucci until Trump hired him and former chief-of-staff John Kelly fired him after only 11 days.

Continue Reading

Breaking Banner

Trump goes off on Twitter rant about ‘My Stock Market’ at nearly 2 a.m. in France

Published

on

President Donald Trump has an early morning meeting Monday with Egypt's President Abdel-Fattah el-Sisi. He also has a full day of meeting with the G-7, but that wasn't his focus in the early morning hours.

"My Stock Market gains must be judged from the day after the Election (sic), November 9, 2016, where the Market went up big after the win, and because of the win. Had my opponent won, CRASH!" Trump tweeted Sunday night in the U.S., which was nearly 2 a.m. in France where the president is staying during the G-7 summit.

My Stock Market gains must be judged from the day after the Election, November 9, 2016, where the Market went up big after the win, and because of the win. Had my opponent won, CRASH!

Continue Reading
 

Breaking Banner

Robbery sends shoppers at California Westfield Topanga Mall fleeing in panic of possible mass shooting

Published

on

Americans are running scared as mass shootings erupt all over the United States. The Los Angeles police are responding to a possible shooting that hasn't been verified. Local news reports that it could have been a robbery, but it was enough to send patrons into sheltering in place at the Westfield Topanga Mall. The mall is in a northwestern suburb of Los Angeles and to the east of Thousand Oaks.

ABC7 News reported that it was an organized group of robbers who tried to do a "Smash and grab" at a Neiman Marcus store in Canoga Park.

Continue Reading
 
 

Thank you for whitelisting Raw Story!

As a special thank you, from now until August 31st, we're offering you a discounted rate of $5.99/month to subscribe and get ad-free access. We're honored to have you as a reader. Thank you. :) —Elias, Membership Coordinator
HELP US UNCOVER CORRUPTION!
close-link
close-image