> “Between 2006 and 2013, Manafort bought three New York properties, including one in Trump Tower in Manhattan. He paid for them in full and later took out mortgages against them. A former senior U.S. law enforcement official said that tactic is often used as a means to hide the origin of funds gained illegally. Reuters has no independent evidence that Manafort did this.”
Of 10,000 things of import that dufus writers Ainsley and Walcott could report on, they choose to promote a headline that that continues a line of commie agitprop Russian-Trump collusion nonsense.
Breaking it down:
“Between 2006 and 2013, Manafort bought three New York properties, including one in Trump Tower in Manhattan. He paid for them in full and later took out mortgages against them.”
Yeah, it’s called taking out mortgages for the tax writeoffs.
“A former senior U.S. law enforcement official said that tactic is often used as a means to hide the origin of funds gained illegally.”
Really? Well, I guess that means millions of homeowners and real estate investors across America should be rounded up and frog-marched in a display of public shaming.
“Reuters has no independent evidence that Manafort did this.”
Yeah? Then why report it?
Good questions.
Right. It's also a way to take cash out of a property and transfer the risk of a real estate collapse to a mortgage lender. Anyone who has even a basic understanding of commercial real estate investing is shaking their heads and laughing a the idiocy of this Reuters story line.