Most Trump real estate now sold to secretive buyers

[Julian Englis]

Source: USA Today

Since President Trump won the Republican nomination, the majority of his companies’ real estate sales are to secretive shell companies that obscure the buyers’ identities, a USA TODAY investigation has found.

Over the last 12 months, about 70% of buyers of Trump properties were limited liability companies – corporate entities that allow people to purchase property without revealing all of the owners’ names. That compares with about 4% of buyers in the two years before.

USA TODAY journalists have spent six months cataloging every condo, penthouse or other property that Trump and his companies own – and tracking the buyers behind every transaction. The investigation found Trump’s companies owned more than 430 individual properties worth well over $250 million.

Since Election Day, Trump’s businesses have sold 28 of those U.S. properties for $33 million. The sales include luxury condos and penthouses in Las Vegas and New York and oceanfront lots near Los Angeles. The value of his companies' inventory of available real estate remains above a quarter-billion dollars.

Read more: Linhttps://www.usatoday.com/story/news/2017/06/13/trump-property-buyers-make-clear-shift-secretive-llcs/102399558/k to source

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That's one way to pay bribes.

[Rollo]

1. The Trump money-laundering machine is going into high drive...

[Sunlei]

4. top dollar for those NJ casinos all boarded up, a blight for years right on the old boardwalk.

still another right at the point, clear to see on google streetview, a beautiful building on the beach all boarded up.

[spike91nz]

2. Getting ready

to defect

[Sunlei]

3. a real estate hoarder finally has to have family clean-up the mess of ruined boarded up properties

haha and the kids thought they'd be "advisers" to this president. Now they're cleaning up daddys mess of files while papa sits on his ass all day reading twitter, waiting for the next meal to be served by "male only"!! stewards.

[no_hypocrisy]

5. Trumps could also be transferring their properties to themselves under

anonymity, not just selling them to unrelated parties.

[Achilleaze]

6. freaking russian mob OWNS the republican Draft Dodger in Chief

and this is the freaking darkside slimeball grifter republicans hold up as their family values role model?

Sad.

[FakeNoose]

20. Yes - this is how Cheeto got his under-the-table campaign funds

...most of it was from Putin and the Russian mobsters.

[WinkyDink]

7. I hear their names are Plutin and Krislayev. They're probably buying from Kushner, too.

[paleotn]

8. And a good way to launder money.

And to circumvent sanctions.

[Dustlawyer]

22. Realestate is one of the best ways to buy influence on our politicans.

I believe Rick Perry benefitted from this. Donor sells expensive property for cheap to politician and a year later buys it back through another entity for way more than it is worth.

[paleotn]

24. Exactly...

that particular dodge is as old as the hills.

[DFW]

9. Rumors about the identity of the buyer point to......

The Trompov Real estate company of St. Petersburg and the Trompinski holding company of Moscow.

Any resemblance to any other enterprise, Russian or American, is purely coincidental, and the Secretary will deny any insinuation to the contrary, not to mention that it could lead to your involuntary participation in softball game practice.

[not fooled]

10. Legalized bribery

A convenient means for anyone who wants to curry favor with dump to secretively funnel millions into his little paws. And we know how well his sons are abiding by the ethics rules so as not to disclose ongoing activity at his businesses

So, looks like we have an unfettered channel for bribery of a sitting American president. Great, just great.

[IronLionZion]

11. Liberals are so out of touch with middle class working people

If you work hard enough, you too can buy and sell luxury penthouses to obscure shell corporations. Learn all about it at Trump University.

[gordianot]

12. The decore is definitely early 90's Saddam.

With much megalomaniac narcissistic gold.

[IronLionZion]

13. Saddam just wanted to make Iraq great again

[Bernardo de La Paz]

17. tRump is example of what gives noveau riche a bad name: too many (not all) are tasteless. . nt

[Bayard]

14. Wink wink nudge nudge say no more

[lark]

15. Could be money laundering for Russia?

Drumpf is known for that.

[NewJeffCT]

18. Yep

a property worth $1 million sold to a mysterious buyer A for $25 million... or, more likely, a $5 million property with $6 million in debt sold for $10 million to mysterious buyer B

[Bernardo de La Paz]

16. Let's have Mueller get to the bottom of the secret numbered companies.

And then when Democrats win control of the government an agenda item must be to follow the UK lead to make corporations transparent so that shady dealers can't hide behind a maze of numbered corporations.

[Julian Englis]

19. This may explain why Mueller is hiring a money expert.

Link to tweet

[FakeNoose]

21. Yep - they already know where to look

It's all gonna be over so fast!

[Madam45for2923]

23. Oh wow!