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mia

(8,361 posts)
Thu Jan 11, 2018, 10:00 AM Jan 2018

Trump sold $35M in real estate in 2017, mostly to secretive buyers

President Trump’s companies sold more than $35 million in real estate in 2017, mostly to secretive shell companies that obscure buyers’ identities, continuing a dramatic shift in his customers' behavior that began during the election, a USA TODAY review found.

In Las Vegas alone, Trump sold 41 luxury condo units in 2017, a majority of which used limited liability companies – corporate entities that allow people to purchase property without revealing all of the owners’ names.

The trend toward Trump's real estate buyers obscuring their identities began around the time he won the Republican nomination, midway through 2016, according to USA TODAY's analysis of every domestic real estate sale by one of his companies.

In the two years before the nomination, 4% of Trump buyers utilized the tactic. In the year after, the rate skyrocketed to about 70%. USA TODAY's tracking of sales shows the trend held firm through Trump's first year in office....


https://www.usatoday.com/story/news/2018/01/10/trumps-secretive-real-estate-sales-continue-unabated/1018530001/
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Trump sold $35M in real estate in 2017, mostly to secretive buyers (Original Post) mia Jan 2018 OP
the looting of America by the 'president of the united states and his family' spanone Jan 2018 #1
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