Legal Experts Believe Ivanka May Have Committed Felony Fraud

Ivanka Trump misrepresented sales figures related to various Trump-branded properties, which could amount to fraud.

Ivanka Trump misrepresented sales figures of Trump-branded properties to potential investors on numerous occasions over the last ten years, a joint investigation by ProPublica and Manhattan public radio station WNYC has found.

According to Law&Crime, legal experts say those misrepresentations were almost surely criminal.

> First, a bit of backstory. According to the ProPublica-WNYC “Pump and Trump” report:

> In interviews and press conferences, Ivanka Trump gave false sales figures for projects in Mexico’s Baja California; Panama City, Panama; Toronto and New York’s SoHo neighborhood. These statements weren’t just the legendary Trump hype; they misled potential buyers about the viability of the developments.

The report goes on to delineate these instances of what appears to be fraud:

> In 2009, Ivanka Trump claimed that a Toronto Trump property was “virtually sold out.” In reality, fewer than 25 percent of those units had been sold–according to a bankruptcy filing by the property developers. The property was built. Then it went bankrupt. The Trump name was removed from the building.

> In 2008, Ivanka Trump claimed that a Panama Trump property was “over 90 percent” sold. In reality, fewer than 80 percent of those units had been sold–according to Moody’s Investors Service. The property was built. Then it went bankrupt, too. The Trump name was removed from the building.

> Also in 2008, Ivanka Trump claimed that a Manhattan SoHo Trump property was 60 percent sold. In reality, only 15 percent of those units had been sold–according to a legal affidavit filed by a Trump partner. The property was built. Then? Bankrupt again. Trump’s name was removed from the building.

The situation in SoHo resulted in an investigation by New York City investigators: “The Manhattan district attorney’s office [under CyrusVance] considered charging the Trumps but backed off after a visit from a donor — Trump’s attorney Marc Kasowitz.”

> Even though Vance’s office passed on the prosecution, special counsel Robert Mueller focused some of his vast resources on the Trump Soho Hotel fiasco in late 2017. And there’s also an apparent coda here: The Manhattan District Attorney’s office is now under investigation by the FBI over those corruption and pay-to-play allegations, according to theNew York Daily News.

> In light of the FBI’s investigation into Vance’s office, it’s possible that Ivanka Trump could be facing criminal charges herself over the fraudulent real estate schemes.

More here.

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