Trump Faces Allegations of Tax Evasion Over Non-Existent $48 Million Loan

Special monitor Barbara Jones identifies financial irregularities in Trump's business dealings, casting doubt on the integrity of his financial disclosures.

• Former President Donald Trump is facing allegations of tax evasion linked to a purported $48 million loan to a Trump-owned company, Chicago Unit Acquisition LLC, which now appears to be non-existent.
• The allegations were brought to light by Barbara Jones, a former judge and the current special monitor of the ongoing business investigations against Trump.
• Jones identified several irregularities in the financial documents provided by the Trump Organization, casting doubt on the integrity of Trump's financial disclosures to government bodies.
• Alan Garten, a lawyer for the Trump Organization, insists that an 'internal loan' did exist, contradicting Trump's recent financial disclosures which show a debt exceeding $50 million to Chicago Unit Acquisition LLC.
• Tax attorney Martin Lobel suggests that these findings could signify tax evasion, a claim that has been previously scrutinized and labeled as 'pretty brazen' by legal experts.

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