Trump Owed Millions To Foreign Creditor Which Was Undisclosed

[Yo_Mama_Been_Loggin]

Attorney General has uncovered that former president Donald Trump had approximately $19.8 million in undisclosed debt owed to a foreign creditor.

The debt was uncovered after New York attorney Letitia James obtained documents from The Trump Organization earlier this year. The records showed a previously unreported liability of $19.8 million listed as "L/P Daewoo."

The debt was reportedly owed to South Korean company, Daewoo – a company with links to North Korea. The documents reveal that the debt has stayed relatively the same at $19.8 million between 2011 and 2016.

However, five months into Trump's presidency, the balance of the debt owed dropped to $4.3 million and was then paid off shortly after that. The documents do not specify precisely who paid off the loan, but state, "Daewoo was bought out of its position on July 5, 2017".

https://www.msn.com/en-us/news/politics/trump-owed-millions-to-foreign-creditor-which-was-undisclosed/ar-AA17d0ow

No wonder he and Kim Jong Un got along so well.

[underpants]

1. How completely not surprising

[Chainfire]

2. 20 million that you don't have to pay back. I want a "loan" form Daewoo!

What benefit did Daewoo get from this transaction?

[KPN]

10. Hell, a meeting with the sitting President of the USA

for Kim Jong-un … in the DMZ/N Korea! 1st
ever!

[peppertree]

11. I'd check out the Defense contracts during the Cheeto regime

Daewoo has long wanted a bigger piece of the U.S. MIC pie.

The sweetest pie on earth.

[jmowreader]

22. Not much

It's not like they were going to buy Most Favored Nation trading status for the ROK from Trump with this loan because they got it under Ronald Reagan. Maybe they thought Trump would partner with them to build a hotel using the same people who built the Sampoong Department Store to put it up? (Just so you know: The Sampoong Department Store collapsed five years after it was built, killing 500 people and injuring a thousand more.)

[republianmushroom]

3. 24 months and counting

[Scrivener7]

4. Sure would be great to know the conditions of that loan getting paid off.

I sure wish we had some department whose job it was to find stuff like that.

[onenote]

12. Which department do you think that is?

Not included in the linked story, but found in the original report in Forbes:

There is a chance that Trump’s omission may have been legal, nonetheless. Although officials have to list personal loans on their financial disclosures, the law does not require them to include loans to their companies, unless they are personally liable for the loans. The Trump Organization documents do not specify whether the former president, who owned 100% of the entities responsible for the debt, personally guaranteed the liability, leaving it unclear whether he broke the law or merely took advantage of a loophole.

[LetMyPeopleVote]

5. Who is surprised by this?

TFG had conflicts that would have been disclosed if he released his tax returns.

[ZonkerHarris]

6. "Daewoo was bought out of its position on July 5, 2017". So someone else owns the debt now is how

I read that.

[rubbersole]

7. Vlad's pocket change.

[Ilsa]

17. Seems likely, doesn't it What surprises me is that the debt had remained

fairly constant over years. Might be typical for some real estate loans. Was it secured? Did trump pay interest on the debt or was it non-performing? What rate of interest?

[rubbersole]

23. Just a wannabe mobster covering the vig. (Interest payments)

[onecaliberal]

8. Another crime pisswig committed that DOJ can't be bothered to investigate.

[Lonestarblue]

9. Given what we have seen since Trump and the republican deterioration into a party of kooks,

I think that every person running for Congress and for the presidency needs to have a security test. Trump, of course, would have failed, but he should never have been president in the first place. While failure to pass a security clearance cannot prevent someone from running or being elected, it should give voters a pause to see a candidate whose security clearance would be questionable. Having to undergo an investigation for a security clearance might also prevent people like Santos with his imaginary background from even running.

I know this will never happen, but members of Congress see classified documents frequently. We cannot trust most Republicans these days—people like Boebert and Greene—with national security secrets.

[jmowreader]

13. The big question here is...

Can we legally add requirements for office to the ones in the Constitution?

If we can, these are the ones I would like to see:

1. Candidate must receive a "Yankee White" security clearance.

2. Candidate must have run in and won at least two elections at either state or national level. Eligible offices include state legislatures, state executive offices, and either house of the US Congress.

3. Candidate may not have declared either personal or business bankruptcy more than once.

4. Candidate must be in good standing with the Internal Revenue Service, and the candidate may not have defaulted on any financial obligations.

5. Candidate must pass a background check for persons working with children.

6. Candidate must have a clean criminal record.

7. Candidate must take and pass a modified examination given to persons wishing to become naturalized American citizens. The modification will be in the number of questions presented: a candidate for naturalization will be given up to ten questions and must answer six correctly to pass the test. (They quit asking questions after you get six right, so you may only face six questions.) A presidential candidate will be given all 100 questions and must answer 90 of them correctly.

8. The candidate will be given a situational question: "Your predecessor in this office was caught with 900 pounds of stolen classified information in the broom closet of his Florida mansion, and he is believed to have stolen a full ton of this material. As president your job will be to decide what should be done to him. If you are faced with this crisis, what will you do?" Correct answers will include life imprisonment, axe beheading, marooning on an island populated by cannibals, fitting him with cement overshoes and throwing him in a bottomless lake, dragging behind the presidential limousine until there's nothing left of him, burning at the stake, public hanging while the crowd sings "Hang The Bastard" from Cannibal! the Musical, immurement, flogging, guillotining, the iron maiden, six months in a pillory with free rotten tomatoes to anyone who'd want to throw one at him, hanging by the balls from the canopy of an Exxon station, any torture used during the Salem Witch Trials, declaring the entire diplomatic mission of any nation that did business with the former president personae non grata for all time, or...well, anything both creative and painful will work. Unacceptable answers will include "I will pardon him for the good of the country."

[Ilsa]

16. A sword beheading would be so much more merciful! nt

[jmowreader]

21. Well, that's the point!

I'm sure we could send the asshole to Saudi Arabia and let the guy who chops off all the heads do the work. I think there's more than one; they chopped off 81 people's heads in one day last year and I'd think seven or eight in a day would be the limit for one person.

And let me see...these are the six categories of crimes that can get you sent up to Deera Square:

Murder
Drug trafficking and drug smuggling
Sexual offenses
Formation of, or membership within, organized criminal groups
Kidnapping and false imprisonment in conjunction with assault, burglary or robbery
Sedition, treason and other state security offenses
Witchcraft and sorcery

Trump gets four out of seven, if you don't pin Officer Brian Sicknick and Ashli Babbitt on him (which would make five) and you don't call MAGA a cult (which would make six). The only thing I'm PRETTY sure of is that he doesn't run dope.

But don't ya think Trump is a problem we should take care of on our own?

[FakeNoose]

26. I like all your points, and I'm adding one more (mindful of the "George Santos" situation)

9. Candidate must show his/her current U.S. passport to prove legitimate name, address, DOB, and nationality.

[GB_RN]

14. I Remember Hearing This Some Time Ago...

Note: I am NOT knocking the OP for this. Just stating that MSN seems to be a bit behind in reporting this.

[Evolve Dammit]

15. Orange debtor sucking up to his creditors. What a con man POS.

[LymphocyteLover]

18. The fact that the GOP refuse to even acknowledge the orange shit's astronomical level of corruption

and whine incessantly about essentially non-existent corruption from Biden, angers me beyond words-- and of course this story this is just a drop in the bucket

[RussBLib]

19. That orange mofo had tentacles everywhere

What a crook!

Since there appears to be no end to the crap we discover about this villain, better to indict the mofo now before he slips away again. We can always add charges later.

Uh, yes, could we have some more justice, please?


https://russblib.blogspot.com/

[lindysalsagal]

24. Outside money bought exactly what from potus?

What did he give them for the millions?

[ProfessorGAC]

25. That Pays About...

...about 23 DAYS of interest on all the rest of the debt.
This is piddly money compared to the crimes committed to procure all that other borrowed money.