Posted on 08/25/2023 8:24:10 AM PDT by Golden Eagle
Donald Trump transferred the ownership of his Mar-a-Lago resort to his son just days before the ex-president was arrested in Georgia, RadarOnline.com can report.
According to online property records, the former president “sold” his Palm Beach, Florida property for $422,000,000 on August 4.
However, a deeper investigation into the Mar-a-Lago sale found that the 1100 S Ocean Blvd, Palm Beach property was sold to a company called Mar-a-Lago, Inc.
The Express reported that the owner of Mar-a-Lago, Inc. – and its registered agent – is none other than 45-year-old Donald Trump Jr.
Zillow – the online real estate marketplace that listed Mar-a-Lago earlier this month – could not reveal details about who bought the Palm Beach property for $442,000,000 on August 4.
Zillow indicated that the Mar-a-Lago listing was legitimate, even though the property was not listed as “Mar-a-Lago” but rather “1100 S Ocean Boulevard.”
"The information we provide is public information gathered from county records,” the real estate marketplace company said, according to the Express.
(Excerpt) Read more at msn.com ...
Why? I thought DEE-Saintis reaction and action after the RAID on Mar-a-lago, was very curious ... and the man DEE-Saintis went underground planning to run for the presidency ... You DEE-Saintis supporters are empty vassels.
Just transferring title to his son doesn’t free up any liquidity.
Boy, you got him now.
That's why Golden Eagle is outraged...
The article says the transaction was for $422 million dollars.
It's all gunpoint Fascism, now.
Not really. There’s a 5 million dollar civil judgment against him. The sale of MAL for way less than it is worth, and to an insider, can be unwound by the NY courts, and MAL can be auctioned off to satisfy the judgment. That’s the law and not my opinion, personally I believe the verdict was bogus and an attempt at election interference
That was obviously a paper transfer with no money changing hands.
So he needed 422 million and got 422 million from his son? So this was a credit/debit situation for the family?
Give me a break dude!
It will definitely be seen as an attempt to get around having assets seized in the NY civil case.
Exactly!
Secretly? I never knew the transfer of property required a press release.
This is not a crazy or guilty thing to do. Transferring assets prior to a court case is not uncommon. It also means that the assets will be out of reach in the case of a conviction and fine.
In other words….it was a prudent thing to do.
I am kind of surprised that Trump would have any “personally” held assets. Most billionaires have everything put into a Byzantine series of trusts and LLCs. Just ask Joe. Or Nancy. I bet they don’t “own” a damned thing.
“It’s rather big news, considering the property is considered the face of Trump Sr.
Now he’s just another tennant, legally.”
No it’s not.
Anyway that doesn’t answer the question
You’re actually an idiot. What exactly is ultra conservative about you?
Its not estate planning if there is an outstanding civil legal judgment against you like there is in NY.
And?
Isn't Mitt Romney a 'severe conservative'? Yeah, like that.
IKR no monies changed hands
I’m not outraged at all. Why would I be? It’s very interesting though, for those who are truly following what’s going on. Many articles have been written that Trump was asset rich, but cash poor, and to pay for floundering Truth social, and his legal bills, etc, he might have to start selling assets. I don’t think anyone expected it would have been Mar-a-Lago right off the bat, though.
No need for you to worry about any this, though, you should just go back to smearing DeSantis full time, yeah, that’s the ticket to Trump getting out of this mess. And make some more new enemies while you’re at it.
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