this post was submitted on 25 Aug 2023
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United States | News & Politics

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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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[–] eran_morad@lemmy.world 31 points 1 year ago (1 children)

You know, like innocent people do.

[–] 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.

[–] beta_tester@lemmy.ml 13 points 1 year ago (2 children)

Why secretly if everyone knows about it?

[–] DevCat@lemmy.world 22 points 1 year ago (2 children)

He was, as usual, attempting a half-assed legal maneuver to shield his money. A move his lawyers would have told him was nonsense.

[–] Weslee@lemmy.world 6 points 1 year ago (1 children)

Maybe that's why he fired them just before surrendering too

[–] Astroturfed@lemmy.world 6 points 1 year ago

At this point only a clown would work for him. He's notorious for not paying, it's an uphill battle, he's guilty as sin.

They didn't until the news reported on it.

[–] library_napper@monyet.cc 2 points 1 year ago

Idk, seems like a reasonable thing to do before you go to prison.