Tag

#Fred-Trump

4 incidents

Updated October 2, 2018 Corruption & Self-Dealing
Major Abuse of Power

Tax Fraud Investigation: Trump Helped Receive $413 Million Through Fraudulent Schemes

The Times investigation identified multiple strategies: Fred Trump created a shell company called All County Building Supply & Maintenance to collect money from Trump properties, which was then used to justify large increases in maintenance fees that were passed to Trump children as untaxed income; Fred Trump's estate was valued at far below market rates to reduce estate taxes; and the children, acting in concert, were able to receive hundreds of millions in what amounted to gifts but were legally classified in ways that minimized tax exposure. The New York Department of Taxation opened a review.

Sources
3
tax-fraudinheritanceFred-Trumppre-presidencyfinancial
Updated September 27, 2020 Corruption & Self-Dealing
Major Abuse of Power

Decades of Tax Fraud: How Trump and the Trump Family Evaded Taxes on Over $1 Billion in Inherited Wealth

The Times obtained decades of Fred Trump's tax records showing the family used fraudulent asset undervaluation, sham consulting fees, and a dummy corporation ('All County Building Supply') to transfer over $1 billion in wealth to Trump and his siblings while evading hundreds of millions in estate and gift taxes. A separate 2020 investigation found Trump had paid virtually no federal income tax for years.

Sources
4
tax-fraudcorruptionpre-presidencyFred-Trumpinheritance
Updated June 10, 1975 Civil Rights
Critical Rights and Rule-of-Law Concern

1973 DOJ Housing Discrimination: Trump and Father Sued for Refusing to Rent to Black Applicants

The DOJ suit was based on a year-long investigation by the Fair Housing Division, including undercover testers who posed as prospective renters. Black testers were told no apartments were available or were given discouraging treatment; white testers at the same buildings were shown units and given applications. Trump applications were alleged to contain a 'C' code — interpreted as standing for 'colored' — to flag non-white applicants. Trump hired Roy Cohn, who filed a $100 million countersuit against the DOJ (dismissed). The 1975 consent decree required anti-discriminatory practices but did not require Trump to admit wrongdoing. Three years later, the DOJ found Trump Management had violated the decree.

Sources
4
housing-discriminationDOJFair-Housing-Actpre-presidencycivil-rights
Updated June 10, 1975 Civil Rights
Major Abuse of Power

DOJ Housing Discrimination Suit: Trump Refused to Rent to Black Applicants

The DOJ complaint documented specific evidence including testers — white and Black individuals sent to inquire about the same apartments — where Black applicants were told there were no vacancies while white applicants were offered leases for the same units. An employee named Elyse Goldweber documented that a Trump employee had marked rental applications with the letter 'C' (for 'colored') to identify minority applicants. Trump's response was to hire Roy Cohn, file a $100 million countersuit against the DOJ (which was dismissed), and ultimately settle via consent decree in 1975. The consent decree required Trump Management to place ads in minority newspapers and to notify the Urban League of vacancies; Trump violated the decree within two years and a second agreement had to be negotiated.

Sources
3
housing-discriminationracismDOJpre-presidencycivil-rights