Trump’s Mystery $50-M Debt Looks Like "Tax Evasion"

Former federal judge Barbara Jones, the court-appointed special monitor in Donald Trump’s New York business fraud case, revealed a financial bombshell in a letter filed to update New York Judge Arthur F. Engoron, as reported by Roger Sollenberger for the Daily Beast.

The revelation raises questions about whether Trump knowingly and repeatedly lied on his federal financial disclosures and whether he may have evaded taxes on the $48 million in income.

In the letter, Jones indicated that a massive chunk of debt Trump claimed to owe one of his own companies apparently does not exist, and never did. The debt, totaling $48 million, was believed to be between Donald J. Trump and Chicago Unit Acquisition.

However, recent discussions with the Trump Organization revealed that this loan never existed, prompting its removal from upcoming forms submitted to the Office of Government Ethics and subsequent versions of corporate financial statements.

This revelation raises questions about whether Trump knowingly and repeatedly lied on his federal financial disclosures and whether he may have evaded taxes on the $48 million in income.

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