FILE PHOTO: Ivanka Trump attends U.S. President Donald Trump's strategy and policy forum with chief executives of major U.S. companies at the White House in Washington, U.S. February 3, 2017. REUTERS/Kevin Lamarque/File Photo
Ivanka Trump may have violated tax laws and is at the center of $40 million missing dollars from Trump’s inaugural committee.
ProPublica and WNYC blew the Ivanka Trump story wide open:
During the planning, Ivanka Trump, the president-elect’s eldest daughter and a senior executive with the Trump Organization, was involved in negotiating the price the hotel charged the 58th Presidential Inaugural Committee for venue rentals. A top inaugural planner emailed Ivanka and others at the company to “express my concern” that the hotel was overcharging for its event spaces, worrying of what would happen “when this is audited.”
If the Trump hotel charged more than the going rate for the venues, it could violate tax law. The inaugural committee’s payments to the Trump Organization and Ivanka Trump’s role have not been previously reported or disclosed in public filings.
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How the inaugural committee managed to spend all the money it raised remains a mystery, nearly two years after the event. While groups that support political candidates or issues must publicly detail their spending, an inaugural committee is required to list only its top five contractors. That leaves about $40 million unaccounted for.
The scam appears to be fairly basic. The Trumps raised money for the inauguration and then funneled those funds through the Trump Organization and back into their own pockets. Ivanka Trump was both a Trump Organization executive and a member of the executive committee on the transition team. She appears to have been overcharging for space at the Trump Hotel in violation of tax laws, with the Trump family taking the profits.
The inaugural committee is under criminal investigation because it looks like donors gave money in exchange for policies from the incoming administration, and that money went straight into the pockets of Donald and Ivanka Trump.
Soon Americans may soon be chanting lock her up as Ivanka Trump could face charges for tax and financial crimes.
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