EXPOSED: Ivanka's Facade of Fortune
EXPOSED: Ivanka's Facade of Fortune
Poor Ivanka. Literally.
Donald’s NIGHTMARE has come true:
His own daughter revealed under oath that Donald took money from his own kids to prop up the appearance of his net worth.
This shocking admission was buried so deeply within Ivanka’s testimony that the media largely missed it. It seriously threatens the house of cards Donald has built (with cards taken entirely from the deck my grandfather gave him) and propped up with exaggeration, decades of lies, and corporate media complicity.
Why could this be so crushing for Donald? Let’s dive in before I provide even more revealing news about Ivanka, and share a video about yet another humiliating chapter from Donald’s past.
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Here’s the sordid detail Donald didn’t want exposed:
In order to qualify for some of his loans, Donald needed to satisfy Deutsche Bank’s demand that he prove he was wealthy enough. But Donald had a problem: reality.
His net worth was too low. His solution? To have his kids help prop up the facade.
On the stand during Donald’s New York City fraud trial, Ivanka testified that Donald’s adult children agreed to allow Donald to use their assets in order to help inflate his net worth thereby satisfying the bank’s requirements for a loan that was his alone.
Appearing outside the courthouse after the admission, MSNBC legal correspondent Lisa Rubin said her “jaw almost dropped” when she heard Ivanka’s testimony. “He was borrowing money from his kids' piggy banks,” Rubin continued. “I almost dropped my phone on the floor. I was just astonished by the proof that Donald Trump was robbing Peter to pay Paul, so to speak,” she concluded.
But as details emerge on how Donald’s decades of financial lies took shape, new reporting suggests that there’s more to Ivanka’s purchase of her new Florida than meets the eye.
IVANKA’S CURIOUS LOAN
Instead of paying for the house outright, “Billionaire” Ivanka got a mortgage. Why?
Here’s what I found:
Ivanka and her husband Jared took out a $15 million loan on their $24 million Indian Creek Mansion. She was not alone among Donald’s other “rich” kids.
Donny reportedly took out a $4.8 million loan for his $9.7 million mansion.
Eric borrowed $2.4 million on his $3.2 million house.
Why is this significant? Any financial expert will tell you that getting a mortgage on a house is a curious decision if you're a married to a “billionaire” like Jared or legitimately wealthy people. Cash purchases save loan-related closing costs, and of course, interest payments.
Instead, the choice to obtain a mortgage is usually related to liquidity, or cash on hand. A homeowner might choose a mortgage over cash if they needed the money for other investments. Another reason to get a mortgage—especially one as huge as those taken out by Donald’s kids (in terms not simply of the amount but, more importantly, the percentage of the purchase price)—is if the mortgagee doesn’t have enough money to cover the sale.
In Ivanka’s case, if you’re living off $2,000,000,000 in Jared’s Saudi oil money, neither of these should be an issue. So what is going on?
KEY POINTS
1. The rotten apple doesn’t fall far from the rotten tree.
While Letitia James is holding Donald to account for Ivanka’s shady “loan,” prosecutors also need to look into Ivanka’s finances. Her numbers don’t add up.
2. The origins are clear. Donald’s track record of scamming his way into loans he didn’t qualify for started in earnest in 1984 with an infamous phone call in, in which he pretended to a be John Barron—a figment of his very limited imagination. During this call, “John” inflated Donald’s assets to get him on the Forbes 400 list—and benefit from all the perks that came with that distinction.
Don’t miss my interview with the man who caught it all on tape. Donald Even I was shocked at some of the details.👇
The FULL video is for paid subscribers, but the trailer is for everybody.