- Nov 20, 2013
- Reaction score
- Political Leaning
- Very Liberal
New York attorney general probing Trump Tower Chicago loan - Chicago Tribune
New York’s attorney general is trying to answer one of the most perplexing questions surrounding the troubled financing of the Trump International Hotel and Tower in Chicago: whether President Donald Trump failed to pay taxes on a $100 million loan deal related to the project.
Trump Tower already violates the Clean Water Act and apparently was financed through fraud. It's ironic that Trump is so concerned about crime in Chicago as it appears he may have intimate knowledge of the violation of various laws.The financing of Trump’s Chicago tower has attracted significant scrutiny from investigators and journalists probing the president’s financial history since he launched his bid for the White House in 2015.
Most of the attention has been focused on why Deutsche Bank lent more than $600 million in construction loans to the project after Trump had defaulted on hundreds of millions of dollars in unrelated loans from the German lender. But there also have been questions surrounding how Trump handled the loan forgiveness deal with Fortress Credit, a New York hedge fund that made the original “mezzanine” loan in 2004.