The MeidasTouch Podcast Financial Monitor FINDING is BIG TROUBLE for Trump
Jan 29, 2024
A retired federal judge's report unearths a $48 million phantom loan connected to Trump, hinting at a possible debt parking scheme. The discussion dives deep into the legal implications of his dubious financial practices. Trump's financial ties to Chicago Unit Acquisitions LLC raise eyebrows, especially regarding a $50 million loan without proper documentation. The podcast also inspects irregularities in debt forgiveness and tax strategies, painting a concerning picture of potential misconduct in Trump's dealings.
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Potential Additional Fraud in Trump Case
- Retired federal judge Barbara Jones' letter to Justice Arthur Engoron reveals potential additional fraud in the Trump civil fraud case.
- This includes a suspicious $48 million "phantom loan," possibly an unlawful debt parking scheme.
Suspicious Springing Loan
- Judge Jones's report highlights a "springing loan" between Trump and Chicago Unit Acquisitions, a Trump-owned entity.
- This raises red flags due to its unusual nature and lack of documentation.
Conflicting Financial Information
- Trump's financial disclosures show 100% ownership of Chicago Unit Acquisitions and list a ">$50 million" liability to the entity.
- This contradicts the claim that the loan doesn't exist.