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mahatmakanejeeves

(57,567 posts)
Wed Feb 28, 2018, 12:28 PM Feb 2018

The Mysterious Loan Trump Made to Himself and More

Best reporting I've seen so far on @realdonaldtrump's unusual loan from Chicago Unit Acquisition LLC was last year in @motherjones. https://www.motherjones.com/politics/2017/02/does-trump-have-mystery-creditor/



NEW Episode! The Mysterious Loan Trump Made to Himself and More w/ @Fahrenthold @ilyamarritz @ericuman !



The Mysterious Loan Trump Made to Himself and More

Feb 28, 2018

Listeners have been sending us lots of questions about President Trump and his businesses. So we sat down with one of the best in the business to answer them. The Washington Post’s David Fahrenthold has been digging into Trump for nearly two years. And he’s involved readers from the get-go.

Among the questions Fahrenthold takes on: How much money has the government spent on Trump properties? How much does it cost taxpayers and does Trump profit when he visits Mar-a-Lago? And who is Trump literally indebted to?

Fahrenthold also has his own question for listeners. He’s been looking into Trump’s debts and one loan in particularly piqued his interest: Trump has disclosed at least a $50 million loan from something called “Chicago Unit Acquisition LLC.” And according to Fahrenthold, it turns out Trump also owns that entity. Now, there can be a perfectly good explanation for why Trump would lend money to himself, but he should then also disclose the loan as an asset and Trump didn’t.

Fahrenthold wants to know more about “Chicago Unit Acquisition LLC.” (To get started, check out this Mother Jones story.) You can email Fahrenthold {david.fahrenthold@washpost.com} or reach us through our tip line. We’ll pass along the message, promise.
....

“Trump, Inc.” is a production of WNYC Studios and ProPublica. Support our work by visiting donate.propublica.org or by becoming a supporting member of WNYC. Subscribe here or wherever you get your podcasts.
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The Mysterious Loan Trump Made to Himself and More (Original Post) mahatmakanejeeves Feb 2018 OP
Could this LLC have served as a money laundering operation? hedda_foil Feb 2018 #1
Kick dalton99a Feb 2018 #2

hedda_foil

(16,375 posts)
1. Could this LLC have served as a money laundering operation?
Wed Feb 28, 2018, 02:43 PM
Feb 2018

The report in Mother Jones says that it was listed as having a value of $1,000-$25,000, but Trump Org supposedly owes it $4+ million in interest annually. So where did the $50 million loan come from and is any interest actually paid?

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