Politics - News Analysis
Mary Trump Reveals the Secret Donald Doesn’t Want Anyone to Know — Also Reveals Why He Left NYC Mid-Trial
Donald Trump is a billionaire many times over! He’s a self-made man who with just a tiny inheritance from his father built a giant empire all on his own! These are the beliefs of Trump, and what he wants everyone to believe. Remember during his first campaign in 2016 he would often say things like “I’m really rich”. But the truth is, none of the above is true, according to someone who would know, his niece Mary Trump.
In fact, Mary Trump says Donald is on the verge of squandering the real estate empire he helped build off his father’s inheritance as questions about the fat former president’s actual net worth are debated in a civil trial.
Mary Trump knocked back the suggestions that Donald Trump is “enormously wealthy” and that he “created that wealth himself.”
The quadruply-indicted fat former president is currently involved in a civil trial in relation to New York Attorney General Letitia James’ $250 million. James accuses Trump of filing fraudulent financial statements that inflated the value of numerous of his properties and assets for years, a claim that Judge Arthur Engoron resolved prior to the trial beginning on Monday.
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Engoron’s ruling now means that the civil trial will now mainly determine the size of the penalty, which could see Trump banned from doing business in New York, having his properties removed from his control, or being forced to pay a fine totaling hundreds of millions of dollars. Trump has denied all the claims in relation to James’ suit and accused the case of being a politically motivated “witch hunt.” In fact, rarely does a day go by where Trump doesn’t attack James or now Engoron on Truth Social.
Mary Trump said the outcome of the civil trial may mean that Trump’s business empire could be destroyed, which he built off the back of a $413 million payment from his father Fred Trump’s real estate fortune, which he allegedly received via tax dodges in the 1990s, according to a 2018 investigation from The New York Times.
“After my grandfather died, Donald inherited a couple of hundred million dollars more,” Mary Trump wrote on her newsletter (which is amazing and you should subscribe). “It bears pointing out that the empire Donald has managed to squander over the last thirty yearsโthe one he is in danger of losing thanks to his having committed massive fraud (allegedly)โbelonged to his father. It was never his.”
The New York Times reported that the former president engaged in dubious tax schemes for years which saw his parents avoid paying the true amounts they owed, helping Trump inherit the equivalent of $413 million from his father’s empire.
The alleged schemes include creating a sham corporation to hide millions of dollars in gifts and helping the senior Trump take improper tax deductions worth millions. Trump’s lawyers described the accusations at the time as “100 percent false and highly defamatory.”
Elsewhere, Mary Trump suggested the former president attended the first few days of the civil trial at the Manhattan court because the outcome was not only important with regards to his reputation as a savvy and successful businessman but also to the “core of his own beliefs about who he is.”
“He left because he knew nothing he didโthe pouting, the angry stares, the media hitsโwas working. That plus the humiliation of falling off the Forbes 400 were too much for him to take. With any luck, it’s going to keep getting worse for him.”
One last interesting tidbit from Mary Trump:
“Most people in my family also suffer from the obnoxious belief that theyโre better than everybody simply by virtue of the fact that they have a lot of money, despite not having earned it. With the exception my dad, none Fredโs children was self-made, either. Even Maryanne got her federal judgeship through Roy Cohn who agreed to do Donald a favor. Unfortunately, our societyโs obsession with fame, wealth, and power help people like Donald, his siblings, and his children get away failing up, which seems to be their only legitimate skill.”
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