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.