No. of Recommendations: 5
The Manhattan District Attorney's office dropped a criminal case against President Donald Trump's two eldest children, Donald Jr. and Ivanka, after Trump's longtime personal lawyer made a hefty donation to the district attorney's campaign, according to a joint investigation by ProPublica, WNYC, and The New Yorker.
Investigators were reportedly on the verge of indicting Ivanka and Don Jr. on federal fraud charges in 2012 after learning that they had intentionally misled investors and buyers about the value of the Trump SoHo hotel.

Prosecutors obtained several emails that indicated the Trump children knew they were misrepresenting the value to buyers, the report said. In one of them, the Trump children discussed "how to coordinate false information" they had presented to investors, according to four people who saw the email.

In another, the report said, Donald Trump Jr. reassured a broker who expressed concerns about the false information that no one would find out about it, "because only people on the email chain or in the Trump Organization knew about the deception," according to a source who saw the email.

Diamonds from first daughter Ivanka Trump’s now-defunct fine jewelry line were allegedly used in a massive money-laundering and fraud scheme, according to a federal court filing, GQ reported.
The bank has not accused Trump’s business of wrongdoing, but the timeline of the case suggests that any alleged transactions would have occurred when Ivanka Trump Fine Jewelry was licensed under the corporate entity “Madison Avenue Diamonds,” which is named in the documents. Trump has cut her connections with Madison Avenue Diamonds.
...Trump started her fine jewelry line in partnership with diamond heir Moshe Lax about a decade ago and owned a stake in the business for some time. Together, Trump and Lax opened a boutique on Madison Avenue, but the first daughter ended ties late last year after Lax became embroiled in various lawsuits claiming extortion and other crimes, with some involving her jewelry line.

The bank’s case is the latest in a string of alleged fraud schemes dogging the Trump family. Trump SoHo in Manhattan is accused of serving as a magnet for funds from Russia and Kazakhstan and is “a monument to spectacularly corrupt money-laundering and tax evasion,” a lawsuit claims. Trump Ocean Club in Panama and Trump Baku in Azerbaijan also face money-laundering accusations.

Wherever the Trumps go, fraud and money-laundering charges follow.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.