As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by NYPost.com:
New York State’s housing regulator is now “examining” the real estate empire built by President Trump’s father in the wake of a report that the family enriched itself by bilking tenants and cheating on its taxes.
The story published in Wednesday’s The New York Times claims the Trump family used a middle-man corporation — All County Building Supply & Maintenance — to inflate repair and maintenance costs at its Brooklyn and Queens housing developments, which were often built with government subsidies.
The article goes on to state the following:
In turn, those higher costs were reported to authorities as justification for hiking rents on those properties, allowing the Trumps to profit from both ends of the transaction.
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