Ivanka Trump hit with lien in New York for failure to pay taxes on her high end jewelry business

[Miles Archer]

Ivanka Trump hit with lien in New York for failure to pay taxes on her high end jewelry business

http://www.rawstory.com/2017/02/ivanka-trump-hit-with-lien-in-new-york-for-failure-to-pay-taxes-on-her-high-end-jewelry-business/

It has been a tough month for presidential first daughter Ivanka Trump, with retailers dropping her fashion lines due to poor sales, and it got worse as it was revealed that she has been hit with a lien for failure to pay back taxes owed by her New York jewelry store.

According to documents acquired by the Daily Mail, Trump owes over $5,000 in taxes related to Ivanka Trump Fine Jewelry — officially listed as Madison Avenue Diamonds LLC — located in Trump Tower.

According to the report, the high-end jewelry business routinely sells items in the $1,000 to $20,000 range.

Ivanka Trump has seen her brand take hit after hit since her father was elected, with major department stores dropping her clothing and jewelry lines.

[KittyWampus]

1. just like her loser father.

[Laurian]

2. This family never plays by the rules. They don't even pretend to.

[mainer]

3. $5,000 is just a trivial bill -- can't imagine she can't pay it

weird.

[Laurian]

5. But the fact that she hasn't speaks volumes.

They do not care about anyone but themselves.

[sunonmars]

6. maybe her business is a pyramid of credit too, no real money.

[tblue37]

21. Someone recently called Donald Trump's business a huge check kiting operation. nt

[chimpymustgo]

36. And money laundering. n/t

[napi21]

4. Damn! I thought daddy would have had HIS accountants take care of her needs too.

Don't tell me this "Oh how much I love & look after mt children" one of the Con's lies?

[CountAllVotes]

20. Broker than broke

That is what I think of every single person in this crime family!

[BeckyDem]

7. Isn't the Daily Mail a tabloid gossip publication?

What would $5000 mean to a billionaires daughter? It doesn't make sense. If accurate, she is like her father dearest.

[CountAllVotes]

13. $3,059,590

The numbers were shorted by over $3,000,000+ and the diamonds, some are stated at the link I posted below ... they are from RUSSIA!

[BeckyDem]

14. Thanks for the update. She is an enabler of a white supremacist, so this goes well with her ethics

too.

[tblue37]

22. There's no evidence he really is a billionaire, but there is evidence that he probably isn't. nt

[BeckyDem]

24. I would like to see him forced to reveal his taxes.

[CountAllVotes]

25. Maybe he has nothing to show

Because he is BROKE!

What a scumbag!

[Alice11111]

30. Nada. New shoes and dress, plus an evening out

It may not be true. It's a tabloid. I cant imagine that she wouldn't take care of that before it exploded. If she knew and didn't, knowing she's under the microscope, she is really stupid.

[DiverDave]

8. Apple, tree.

Or some such saying.

[CountAllVotes]

9. Madison Ave Diamonds LLC (d/b/a Ivanka Trump Fine Jewelry) Ordered To Pay $3,059,590

Mar 21, 2016, 16:37 ET

NEW YORK, March 21, 2016 /PRNewswire/ -- The Supreme Court of the State of New York entered Judgment against Madison Avenue Diamonds LLC (d/b/a Ivanka Trump Fine Jewelry) and Shaindy Lax, a principal of Madison, in the amount of $3,059,590, plus interest on that amount at 9% per annum until the Judgment is satisfied in full.

Under the contract at issue, Madison was required to make a series of payments to KGK totaling $3 million for jewelry delivered by KGK to Madison and subsequently sold under the Ivanka Trump Fine Jewelry brand. While Madison made the first specified payment, it refused to make all subsequent payments to KGK as required. Madison argued that it was relieved of its obligation to make the additional payments as KGK allegedly had been one day late in returning certain computer design (CAD) files as specified under the agreement.

Earlier, in rejecting Madison's defenses to payment in their entirety, Judge Charles E. Ramos ruled that "Madison was never released from its further payment obligations to KGK" under the contract. (NYS Court, NY County, Decision and Order, Index No. 159045/2012, filed 8/21/2015). "KGK had complied fully with all of its delivery obligations to Madison, and Madison not only received the benefit under the agreement but "has also failed to show any damages". Accordingly, Madison was compelled to make all of the agreed payments to KGK for the jewelry provided.

Moreover, the Court rejected Madison's belated attempt to amend its claims and defenses to payment by arguing that the jewelry provided by KGK was "of substandard quality". KGK repeatedly has asserted that these allegations had no basis in this lawsuit. In granting KGK's motion for summary judgment before trial, the Court agreed and denied Madison any leave to amend its allegations.

http://www.prnewswire.com/news-releases/madison-avenue-diamonds-llc-dba-ivanka-trump-fine-jewelry-ordered-to-pay-3059590-plus-interest-to-kgk-jewelry-llc-in-breach-of-contract-dispute-300239069.html

and ...

About KGK Group

The KGK Group, established in 1905 by Kothari Family of Jaipur (India) is a global corporation with fully integrated operations in the Gemstone, Diamonds & Jewelry industry, having presence across 15 countries. A pioneer in the world of precious stones, KGK Group has been sourcing, manufacturing and distributing colored stones, diamonds and jewelry for decades. Celebrating their 100 year anniversary in 2005, KGK today is established in almost every commercial center in the world, coming closer to its customers than ever before. KGK's rough diamonds are directly sourced from the mines in Africa, Russia, Canada and Australia through mining conglomerate like DeBeers, Al Rosa & Rio Tinto- ensuring nothing but the finest diamonds on the market. KGK always believes in the foundation of excellence and trust. www.kgkgroup.com

Like father like daughter!!!

$3-5K = $3,059,590

[tblue37]

23. The Trumps always cheat their suppliers and contractors. It's their modus operendi. nt

[C_U_L8R]

26. Even the same excuses.

Lame

[Vinca]

10. Well . . . duh . . . Trumps don't pay taxes.

[lisa58]

11. What's with that family & taxes?

[Solly Mack]

12. Snort

[mnhtnbb]

15. Lock her up!

[JohnnyLib2]

16. Obama's fault.

[Alice11111]

31. Of course

[wildeyed]

17. I guess becoming the kinder, gentler face of white supremacy

was a bad branding choice. The hush-hush oil and gas deal with Russia better pan out, because all of the family brands are tanking.

[CountAllVotes]

19. How valuable are diamonds from RUSSIA?

At least $3,000,000+ without a doubt!

These people are a bunch of crooks, liars, etc. Lock 'em up!!!

[JI7]

18. maybe she can use money from the perfume sales to pay it off

[madaboutharry]

27. In her father's building, Trump Tower

None of his children did anything independent of their father. They all went to the same school as him, The University of Pennsylvania, even Tiffany went there. And they have only worked for him and live in his orbit.

If you look at other famous people, they may have a child who follows a parent. But then there are other children who grow up and do their own thing.

The Trump family is like it's own little cult.

[Alice11111]

32. I thought Tiffany went to Stanford. Someone whose son

went there told me that. She Said there were big donations, but that Tiffany was actually smart. This person is a liberal. Who knows.

[dflprincess]

33. I wonder what their relationship with their mother is?

(the 3 older ones).

If my dad had treated my mom the way Trumpsky treated Ivana I don't think I'd want much to do with him.

[Cryptoad]

28. 45 years self employed small Biz man,,,,,,,

and I learned quickly that any customer that tried to impress me abt their wealth, it was 100% cash up front before I did anything. Super Rich will stick it to ya in wink of an eye!

[Alice11111]

34. Same here. Lessons learned. They think you are honored

just to deal with them. Ivanka said, in defense of their not paying contractors, "We pay them if they do a good job."
Geez, they look for an Imperfection after the fact. That was an admission as far as I was concerned.

[Hekate]

39. Years ago our general contractor said the same thing. He said people like us would pay....

...straight up after checking the totals, but when he worked big jobs on the wealthy side of town he had to look sharp about being paid on time and in full. I thought that was sad.

The entire Trump clan, Melania included, has come to town with the idea of monetizing the office of the POTUS, and of turning the People's House into a den of thieves. My great wish for them is that they lose it all -- bigly.

[world wide wally]

29. I am sure he taught her the "tricks of the trade"

[neeksgeek]

35. Oh come on, Ivanka, I'm sure you can cough up $5000.00, even with your sales tanking.

Maybe she'll declare bankruptcy.

[zentrum]

37. Just an oversight obviously. As

...I understand it her online jewelry line is doing well. They sell some things as cheap at $15. So his rabid supporters can afford it unlike Nordstroms etc.

Besides unlike brick and mortar, you can keep posting and selling and advertising even if it's not doing that well.

[Revlon10]

38. This is not the first time

I worked as a freelance designer for her back in 2012 the company went bankrupt se owed every vender too we a a while to get my last chech. Google HMX. W
They went bankrupt in 2012 and than started right up again.
Also her jewelry line sucks. Inspired by her mothers collection looks old and date

[janterry]

40. A student of her father

just like her dad.
People looked at her and said, he couldn't be that bad if he raised her. But it's all a facade. Good looks don't mean anything - it's actions.
I'm sorry she did that to you. It really just takes my breath away. I'm glad you finally got compensated .