Con artist is double bookkeeping

someoneyouknow

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As if anyone should be surprised, the con artist has been keeping two sets of books when it comes to his failing properties. One book is used for getting loans. He exaggerates (shocking, I know) how much occupancy he has to go deeper into debt, then pulls out his second set of books when claiming how much in taxes he should pay.

A dozen real estate professionals told ProPublica they saw no clear explanation for multiple inconsistencies in the documents. The discrepancies are “versions of fraud,” said Nancy Wallace, a professor of finance and real estate at the Haas School of Business at the University of California-Berkeley. “This kind of stuff is not OK.”
. . .
ProPublica obtained the property tax documents using New York’s Freedom of Information Law. The documents were public because Trump appealed his property tax bill for the buildings every year for nine years in a row, the extent of the available records. We compared the tax records with loan records that became public when Trump’s lender, Ladder Capital, sold the debt on his properties as part of mortgage-backed securities.
. . .
There can be legitimate reasons for numbers to diverge between tax and loan documents, the experts noted, but some of the gaps seemed to have no reasonable justification. “It really feels like there’s two sets of books — it feels like a set of books for the tax guy and a set for the lender,” said Kevin Riordan, a financing expert and real estate professor at Montclair State University who reviewed the records. “It’s hard to argue numbers. That’s black and white.”​

The question is, will the con artist claim his own financial records are fake? If so, does that mean he's been committing two types of fraud for years?

https://www.propublica.org/article/trump-inc-podcast-never-before-seen-trump-tax-documents-show-major-inconsistencies
 
My $ says there is no doubt and that this'll be what brings him down in the end.

It was the only way they could get his buddy and hero Al Capone.
 
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Or I guess it could mean that he is defrauding the banks?

Why not both!:D
 
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