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Trump family created fake company in the 90’s to pad building costs and jack up rents — and they’re still cashing in today: report

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According to a report in the New York Times, Donald Trump and his siblings created a fake maintenance company in the ’90s which created bogus invoices to pad expenses, duck taxes and inflate the rent of their father’s properties.

In a deep dive, the Times said that in 1992, Trump and his family set up a phony company called All County Building Supply & Maintenance which did nothing but pay vendors — and then was reimbursed by their father, Fred Trump at a higher rate. The report states that money above and beyond what was warranted was then split between the kids allowing them to duck paying taxes on the excess cash.

Additionally, the fraudulently increased amounts were reported as “improvement costs,” allowing the family to raise rents on properties that were rent regulated.

In a sworn deposition, Trump’s brother Robert once admitted, “The higher the markup would be, the higher the rent that might be charged.”

According to the report, the tax and rent scam has been a windfall for the Trumps.

“The sum total of the rent overcharges cannot be calculated from available records. As a way to appreciate the scope of the impact, a onetime $10 increase in 1995 on all the 8,000 apartments involved would put the total overpaid by tenants at more than $33 million to date, an analysis of approved rent increases shows,” the Times reports.

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‘He should be hospitalized’: Internet stunned after Trump goes off on completely incoherent Mt Rushmore rant

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President Donald Trump was asked on Tuesday whether his face should appear on Mount Rushmore along with other major American presidents.

“If I answer that question yes, I will end up with such bad publicity,” Trump told The Hill, before pivoting to an incoherent rant about fireworks.

The president's rambling shocked many people on Twitter:

Apart from Trump’s apparent inability to string together coherent English sentences on the fly, note also the sheer ignorance and apathy toward the idea that there might be legitimate reasons why fireworks are not detonated around the Black Hills. https://t.co/jja2XD19Mw

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Trump: Immigrants didn’t want to come to America before I was president because ‘Obama wasn’t a cheerleader’

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President Donald Trump's strange rant about fireworks at Mt. Rushmore wasn't the only head-scratching exchange that occurred during his recent interview with reporters from The Hill.

During another part of the interview, Trump was asked about Rep. Alexandria Ocasio-Cortez's (D-NY) criticism of the internment camps he's been using to house immigrant children.

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Trump is unhappy in reality — so he’s inviting everyone into his world of make-believe: columnist

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Confabulation is an unintentional event where someone's memory creates "fabricated, distorted, or misinterpreted memories about oneself or the world." Parataxic distortion is when a person tends to "skew perceptions" of others based on fantasy. Then there's political opportunism, a "diagnosis" that plagues politicians almost exclusively. Regardless of the cause, Washington Post syndicated columnist Michael Gerson noted President Donald Trump is not only creating his own reality, he's inviting his supporters to live inside of it.

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 ENOUGH IS ENOUGH 

Trump endorses killing journalists, like Washington Post columnist Jamal Khashoggi. Online ad networks are now targeting sites that cover acts of violence against dissidents, LGBTQ people and people of color.

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