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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDamn! Trump's inaugural was paying @realDonaldTrump's Hotel $175,000 PER DAY for event space.
Scoop from @JustinElliott & WNYC's @ilyamarritz -- who've found:
1. The Trump inauguration paid the Trump hotel an "egregious" amount of $$.
2. The deal may violate the law against self-dealing.
The Trump inaugural appears to have overpaid for space at Trumps Washington hotel, a possible violation of the law. Federal prosecutors are probing the festivities.
Federal prosecutors in New York are circling Donald Trumps inaugural committee as part of a wide-ranging investigation into possible money laundering, illegal contributions and cash-for-access schemes. Now, WNYC and ProPublica have identified evidence of potential tax law violations by the committee.
A spokesman confirmed that the nonprofit 58th Presidential Inaugural Committee paid the Trump International Hotel a rate of $175,000 per day for event space in spite of internal objections at the time that the rate was far too high. If the committee is deemed by auditors or prosecutors to have paid an above-market rate, that could violate tax laws prohibiting self-dealing, according to experts.
Tax law prohibits nonprofits from paying inflated prices to entities that are owned by people who also control or influence the nonprofits activities.
Every legitimate nonprofit is very concerned with this, said Doug White, a veteran adviser to tax exempt organizations, speaking generally. Youre benefiting a private person, and youre using the nonprofit to do it.
https://www.propublica.org/article/trump-inc-new-evidence-emerges-of-possible-wrongdoing-by-trump-inaugural-committee
Federal prosecutors in New York are circling Donald Trumps inaugural committee as part of a wide-ranging investigation into possible money laundering, illegal contributions and cash-for-access schemes. Now, WNYC and ProPublica have identified evidence of potential tax law violations by the committee.
A spokesman confirmed that the nonprofit 58th Presidential Inaugural Committee paid the Trump International Hotel a rate of $175,000 per day for event space in spite of internal objections at the time that the rate was far too high. If the committee is deemed by auditors or prosecutors to have paid an above-market rate, that could violate tax laws prohibiting self-dealing, according to experts.
Tax law prohibits nonprofits from paying inflated prices to entities that are owned by people who also control or influence the nonprofits activities.
Every legitimate nonprofit is very concerned with this, said Doug White, a veteran adviser to tax exempt organizations, speaking generally. Youre benefiting a private person, and youre using the nonprofit to do it.
https://www.propublica.org/article/trump-inc-new-evidence-emerges-of-possible-wrongdoing-by-trump-inaugural-committee
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Damn! Trump's inaugural was paying @realDonaldTrump's Hotel $175,000 PER DAY for event space. (Original Post)
kpete
Feb 2019
OP
remember that Trump quote in regards to the inauguration: "I want my f-ing money"
RockRaven
Feb 2019
#3
world wide wally
(21,744 posts)1. and that was the discount price for close friends only
Sneederbunk
(14,291 posts)2. Trump probably complaining because it was not more.
RockRaven
(14,974 posts)3. remember that Trump quote in regards to the inauguration: "I want my f-ing money"
follow the money, there is NO WAY Trump didn't break the law given his past behavior and personality.
MagickMuffin
(15,943 posts)4. Grifters gotta GRIFT
I know no one here is surprised by this. But I'm glad the news is exposing the mess of the 1st Family of Grifters.
MelissaB
(16,420 posts)5. Holy shitballs!
Grifters gonna grift.
Andy823
(11,495 posts)6. And the list of crimes
Continues to grow. Seems like everything trump does is a crime, one way or another!