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Trump Secretly Transferred Ownership of Mar-a-Lago to His Son Days Before Arrest (radaronline.com)

submitted 1 year ago by DevCat@lemmy.world to c/usa@lemmy.ml

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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.

...

Attorney Andrew Weissmann, who co-hosts the MSNBC podcast Prosecuting Donald Trump, also reported on the Mar-a-Lago transfer of ownership from Trump to Don Jr.

Weissmann questioned whether the scheme was a “fraudulent transfer.”

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[–] Ensign_Crab@lemmy.world 13 points 1 year ago (1 children)

What consequences will our legal system allow him to avoid by doing this?

[–] Riven@lemmy.dbzer0.com 27 points 1 year ago

Iirc judges actually look into all assets including recently sold ones and that can go back several years specifically to catch people trying to shield their money in cases where they might owe a lot. Judges REALLY frown upon this and go after the assets anyways. It happened to Alex Jones, he sold his properties and assets to a company he owns to try and not pay anything to the sand hook parents. Judge was very displeased with him.