By David Barstow The New York Times Susanne Craig Russ Buettner Wed., Oct. 3, 2018 President Donald Trump participated in dubious tax schemes during the 1990s, including instances of outright fraud, that greatly increased the fortune he received from his parents, an investigation by The New York Times has found. Trump won the presidency proclaiming himself a self-made billionaire, and he has long insisted that his father, legendary New York City builder Fred C. Trump, provided almost no financial help. But The Times’ investigation, based on a vast trove of confidential tax returns and financial records, reveals that Trump received the equivalent today of at least $413 million (U.S.) from his father’s real estate empire, starting when he was a toddler and continuing to this day. Much of this money came to Trump because he helped his parents dodge taxes. He and his siblings set up a sham corporation to disguise millions of dollars in gifts … [Read more...] about Donald Trump engaged in suspect tax schemes as he reaped riches from his father, investigation reveals
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On perhaps the worst day of US President Donald Trump’s tumultuous time in office, his former fixer Michael Cohen told a federal judge on Tuesday (Aug 21) he had made illegal campaign contributions – in the form of payments to silence women alleging affairs with Trump – at his boss’s request. Cohen’s statements came on a day of head-spinning political drama for Trump, whose former campaign chief Paul Manafort was found guilty within the same hour of federal tax and bank fraud, in the first case sent to trial by the special prosecutor probing whether the Trump campaign colluded with Russia to influence the 2016 presidential election. In interviews after Cohen pleaded guilty to eight criminal charges, including tax evasion, bank fraud and campaign finance violations, Cohen’s lawyer Lanny Davis said his client had information of interest to New York state authorities probing the Trump Foundation. He also said Cohen … [Read more...] about Case against Trump’s ex-fixer Michael Cohen: A timeline
By Stuart Leavenworth McClatchy Washington Bureau Sun., June 3, 2018 LEHI, UTAH—It markets its DNA kits with promises that tug at the heartstrings: Discover ancestors. Strengthen family ties. Understand your life. Aided by venture capital and a flood of savvy marketing, Ancestry LLC has grown to become the world’s largest DNA testing conglomerate. Since 2012, it has lured more than 5 million people to spit into tubes and add their genetic code to the world’s largest private database of DNA. It has also banked away the world’s largest collection of human spittle, numbering in the hundreds of gallons. In the age of Facebook and Google, consumers seem comfortable surrendering their personal information to corporations that aggregate it and monetize it. But Ancestry and other DNA testing companies have added an audacious tweak: Consumers are now paying to hand over their genetic code, their most sensitive individual identifier, to companies that … [Read more...] about DNA for sale: Ancestry wants your spit, your DNA and your trust. Should you give it to them?
By Caleb Melby Bloomberg Thu., May 31, 2018 U.S. President Donald Trump’s net worth slipped to $2.8 billion (U.S.), a decline of $100 million over the past year, as revenue at his namesake Fifth Avenue tower and golf courses fell. The drop, the second in two years, is based on figures compiled by the Bloomberg Billionaires Index from lenders, property records, annual reports, market data and a May 16 financial disclosure. It occurred as Trump began his second year in the White House and his name was stripped from buildings in Toronto, Manhattan and Panama. The most recent estimate, down from $2.9 billion last June, is the lowest since Bloomberg began tracking Trump’s wealth in 2015. The biggest declines, totalling $220 million, came from adjacent buildings in midtown Manhattan: 6 E. 57th St., which previously housed a Niketown store, and Trump Tower, where lower occupancy resulted in less income. The Trump Organization’s 16 golf and resort properties … [Read more...] about Trump’s net worth drops to $2.8 billion, lowest since campaign
MANILA, Philippines – The basketball-mad Philippines was rattled on Monday when it was confirmed that one of its brightest young stars, Kiefer Ravena, has been suspended by FIBA for 18 months for a failed drug test. Ravena tested positive for three banned substances following Gilas Pilipinas' game against Japan at the Mall of Asia Arena last February 25, and will not be allowed to play until August 24 of next year. The NLEX rookie and stakeholders of Philippine basketball made it clear that Ravena took no illegal drugs, but instead ingested a pre-workout drink – called "DUST" – that had ingredients featured on the Prohibited List of the World Anti-Doping Agency (WADA). It was an "honest mistake" by Ravena, who did not indicate on his Doping Control Form that he had drank a supplement ahead of their game. The player also expressed regret at not taking time to research about the drink, especially as it was his first time to use it after running out of his usual … [Read more...] about News What exactly are the 3 banned substances that got Kiefer suspended by FIBA