After Saying He Forgave Loans to Campaign, Trump Won't Release Proof
Source: nbcnews
After Saying He Forgave Loans to Campaign, Trump Won't Release Proof
by Ari Melber and Alexandra Jaffe
When Donald Trump said last Thursday he was forgiving over $45 million in personal loans he made to his campaign, the announcement drew plenty of coverage. Many even reported Trump's statement as if the deal was done.
But it's not.
A week later, NBC News has learned the FEC has posted no record of Trump converting his loans to donations. The Trump Campaign has also declined requests to share the legal paperwork required to execute the transaction, though they suggest it has been submitted.
Last week, campaign spokesperson Hope Hicks said Trump was submitting formal paperwork forgiving the loan on Thursday, according to the Wall Street Journal.
Reached by NBC this week, she said the paperwork "will be filed with the next regularly scheduled FEC report," and declined to provide any documentation. ........................
Read more: http://www.nbcnews.com/politics/2016-election/after-saying-he-forgave-loans-campaign-trump-won-t-release-n601596
Most know that Trump is a con man. Lets hope more learn before November!
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Donald Trump says he forgave his loans to his campaign. FEC says he didnt.
Bernardo de La Paz
(48,788 posts)greymattermom
(5,751 posts)without so much public scrutiny. There are a lot of shady deals just waiting to be uncovered for ads and articles. I'm sure Hillary's team is busy working on it. This slow collapse should be fun to watch.
Lrobby99
(33 posts)One could almost pity his blank-eyed followers, if not for the fact they do so mainly out of hating their fellow Americans. For that, they will be crushed, and we should thank them.
ToxMarz
(2,154 posts)was that most likely he was announcing his "intention" to do so. It's impossible to prove/disprove someones intention. I don't believe he ever will unless he somehow finds a way to recoup the money another way, or it becomes very likely he will win the election. Then it might be worth giving up to him.
Thor_MN
(11,843 posts)Certainly a billionaire would not be concerned spending that on himself...
PatSeg
(46,804 posts)as he claims to be. Highly unlikely though.
George II
(67,782 posts)Aviation Pro
(12,053 posts)....lying again.
bucolic_frolic
(42,676 posts)The timing of his $50 million loan conversion was a question in my mind
because it came on the heels of the $1.7 million dismal fundraising
numbers for June up to that point. It seemed more an announcement to
reassure and grab headlines than something substantive.
Little Star
(17,055 posts)Elizabeth is correct.
PatSeg
(46,804 posts)should be titled "The Art of the Scam".
NewJeffCT
(56,827 posts)as Cuba Gooding said in that movie many years back.
MANative
(4,105 posts)accountability do not apply to him.
spooky3
(34,302 posts)And others won't loan to the campaign as long as this continues.
Enoki33
(1,584 posts)of a real estate broker who specializes in golf courses and their valuations saying that Trump had been selling off assets while accumulating debts at the same time. It seriously questions his boast about his net worth and his ability to convert the loan. It seems the properties simply do not have the revenues to support Trump's gut feeling valuation. Much like telling the bank a property is worth $10M and the IRS $1M. To cover his con on America he will never release his tax returns, just as he will find every possible excuse to avoid debating Hillary for fear of exposing his ignorance. He truly is one despicable specimen that uses the art of the deal to disguise the complete lack of any moral compass.
Johnny2X2X
(18,745 posts)So this Con Man loans (or supposedly loans) $45 million to his campaign, spends a good portion of that $45 million on his own businesses, then collects donations to pay back that $45 Million to himself with interest.
I'm sure they have rules about the interest rate you get paid back, but it would not surprise me if Trump borrowed the $45 million at a lower interest rate and then loaned it to his campaign so he risks nothing and makes money on the interest rate difference. If they don't have hard interest rate rules, you watch, it will come out that Trump loaned his campaign $45 million for 6 months and paid himself some insane interest rate back where he got like a $20 million return on the loan.
NoMoreRepugs
(9,260 posts)mostly because their mecca of information FAUX NEWS will never mention it - therefore it's a liberal LIE
Bernardo de La Paz
(48,788 posts)Mc Mike
(9,107 posts)OnDoutside
(19,908 posts)swimming trunks.
MariaThinks
(2,495 posts)Native
(5,935 posts)LiberalFighter
(50,504 posts)Then he won't have to pay back the loan. And his real self can take the campaign to court.
former9thward
(31,803 posts)They would have no way of having that information. Usually politicians forgive loans well after a campaign has ended. As some one who has had to make regular FEC reports I can tell you they are not instant. The reporting times are sometimes months later and that is when the FEC receives the information and makes it available.
Rex
(65,616 posts)creditors.
Donald Trump got an awful lot of sweetheart deals with his construction projects in NYC. Nobody builds in NYC without the trades unions and their "associates." I wonder if Mr. Trump's connections have anything to do with his campaign.
I'm just speculating.
Mc Mike
(9,107 posts)Lance Bass esquire
(671 posts)When has Donald ever told a lie?