Trump sued over disclosure of personal debts

[riversedge]

#DontheCon gets away with what he can.





Trump sued over disclosure of personal debts

http://www.politico.com/blogs/under-the-radar/2017/03/trump-sued-personal-debt-disclosure-236222

By Josh Gerstein

03/18/17 10:48 PM EDT

Updated 03/19/17 02:05 PM EDT

A Washington lawyer is suing President Donald Trump for allegedly obscuring the extent of his personal debts on his federal financial disclosure form.

Attorney Jeffrey Lovitky filed the case in federal court in Washington this week, claiming that Trump's May 2016 disclosure intermingles his personal indebtedness and loans made to businesses or development projects Trump is affiliated with.

While Trump or his businesses are facing at least four lawsuits alleging unfair competition or violations of the Constitution's foreign emoluments clause, Lovitky's suit makes no claims of impropriety — it simply alleges that the public is being deprived of accurate information about Trump's debts.

All Trump's debts are covered on a single page of his 104-page disclosure. The listed loans exceed $300 million in total, according to the report. The total amount of the loans is known to be much larger based on other data, but the disclosure form does not require details above $50 million for each loan that exceeds that amount.

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Lovitky said he wrote to White House counsel Don McGahn in January to ask Trump to file a corrected disclosure form but received no reply. Under federal law, Trump's next financial disclosure form is not required to be filed until May 2018. Unlike other major presidential candidates for the past several decades, Trump has declined to make his tax returns public, although portions of a couple of returns have turned up in the press.
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White House spokespeople did not respond to a request for comment on the suit..................

Several of Trump's largest reported loans are from a division of Deutsche Bank, a large German bank.

Lovitky's suit seeks no damages but asks the court to declare that Trump's disclosure filed last year was illegal and to order him to file one detailing his personal debts. ....................

[DK504]

1. He is beholden to 3 countries, that we know of.

Two are from hostile governments that have no problem with wrecking our economy, infrastructure and government.

Does Germany really thing they will get any of their money back?

[elehhhhna]

2. Personal loans are a great way to laundry bribes.

Make the loan, not reportable to the IRS btw, then forgive it later. Voila. No outstanding loan loan.

[triron]

3. kick for visibility