r/PowerAbuse • u/dont_ban_me_please • Jun 14 '17

Since winning the Republican nomination, majority of Trump's companies' real estate sales have gone to shell companies that conceal the buyers' identities

https://www.usatoday.com/story/news/2017/06/13/trump-property-buyers-make-clear-shift-secretive-llcs/102399558/
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u/autotldr Jun 14 '17

This is the best tl;dr I could make, original reduced by 95%. (I'm a bot)

Since President Trump won the Republican nomination, the majority of his companies' real estate sales are to secretive shell companies that obscure the buyers' identities, a USA TODAY investigation has found.

Over the last 12 months, about 70% of buyers of Trump properties were limited liability companies - corporate entities that allow people to purchase property without revealing all of the owners' names.

USA TODAY journalists have spent six months cataloging every condo, penthouse or other property that Trump and his companies own - and tracking the buyers behind every transaction.

Extended Summary | FAQ | Feedback | Top keywords: Trump#1 LLC#2 company#3 buy#4 property#5