‘The loan appears to have never existed’: Watchdog sues Trump over mystery $50M ‘hidden debt,’ asks FBI, DOJ to get involved

April 18, 2024

A federal watchdog group has sued former President Donald Trump, asking that the FBI and the Department of Justice investigate whether he knowingly and criminally made “material false statements” about a $50 million loan which “may have never existed at all.”

“The actions taken by Mr. Trump to misrepresent his loan obligations go well-beyond actions by other government employees who have fallen afoul of 18 U.S.C. § 1001(a) in recent years. His reporting of a non-existent loan dwarfs portrayals by other government employees, who have been prosecuted for failing to disclose far lesser amounts of their debt obligations,” Noah Bookbinder, president of the watchdog group, Citizens for Responsibility and Ethics in Washington, or CREW, wrote in the nascent complaint.

According to CREW, Trump may have made false statements by reporting over $50 million owed to Chicago Unit Acquisition LLC as a liability on at least nine public financial disclosure reports. Those reports were submitted to the Federal Election Commission as well as the Office of Government Ethics. This allegedly occurred from 2015 to 2023 and, as Bookbinder noted, “even though the loan appears to have never existed.”

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Bugs Marlowe

Article URL : https://www.msn.com/en-us/news/politics/the-loan-appears-to-have-never-existed-watchdog-sues-trump-over-mystery-50m-hidden-debt-asks-fbi-doj-to-get-involved/ar-AA1nfCLJ?ocid=msedgntp&pc=U531&cvid=ecfafc61570842879bc400ff80a4470b&ei=25