“Remember, the authorities caught Al Capone for tax offenses,” said former New York District Attorney Duncan Levon. He also smiled mischievously. Just as many New Yorkers are now cheering gleefully that the ex-president did not have to return to New York voluntarily. Donald Trump and his defense lawyers prepare for civil and criminal proceedings. Trump is said to have manipulated the value of a property and obtained tax breaks of at least $ 23 million.
About an hour’s drive north of New York City is Mount Kisco in affluent Westchester County. Donald Trump owns “Seven Springs” there, a property on an area of around 86 hectares.
Trump is said to have acquired the property for $ 7.5 million in 1995, 2.25 million below list price. In 2015, the property was valued at $ 56 million, but local authorities believe the property is only worth about $ 20 million.
Trump is said to have submitted documents to Deutsche Bank that “Seven Springs” was worth $ 291 million, so he applied for a loan to buy an NFL football team. Trump also sent these documents to Forbes magazine in 2012 so that they could place him at the top of the list of the rich.
Originally, Trump wanted to build a golf course and condominiums in “Seven Springs”, later single-family houses. But the neighbors successfully defended themselves against this.
So Trump assured a trust for nature conservation that 60 hectares of forest and meadows would be left untouched. In return, he received tax breaks of $ 21 million and later, because he declared “Seven Springs” as an investment property, another two million.
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