Donald Trump may be brought to court after a Telegraph investigation found the Republican presidential nominee signed off a deal designed to deprive the US Treasury of tens of millions of dollars in tax.
Lawyers prosecuting some of Mr Trump’s closest business associates in a civil suit, which includes these allegations, believe there may now be cause to include Mr Trump as a defendant. Frederick Oberlander, the lawyer executing the legal action, said the Telegraph’s disclosures included “new” and “relevant” information which may show that Mr Trump shares culpability.
The lawsuit, which was recently unsealed by a judge, claims that executives at Bayrock, the property development firm behind the Trump Soho hotel in New York, sought to evade tens of millions of dollars in taxes in connection with that and other schemes.
One of the main allegations centres on a deal between Bayrock, which operated out of Trump Tower, and FL Group, an Icelandic company. The court case, which will be heard in the New York Supreme Court, alleges that Bayrock sold a $50 million slice of the company, but disguised the sale as a loan to escape paying tax liabilities, estimated in the complaint to amount to $20 million. READ MORE OF THIS STORY
SOURCES: The Telegraph/NewsNow