The Trump campaign’s payments to the Trump Organization for a week-long “donor retreat” at Mar-a -Lago earlier this year look awfully similar to money laundering.
Investigative reporter David Fahrenthold tweeted out the receipts earlier this week, showing $380,000 in payments over two days, broken into chunks of $10,000 and less—which happens to be the reporting requirement for receipt of cash payments in a trade or business to FinCEN (the Financial Crimes Enforcement Network)—that he described as “Campaign donations turned into private revenue for POTUS.”
The Trump Organization’s record of the payment raises many questions I’m familiar with from my 30-year career as an investigator at the IRS: Is the $380,000 income? If so, what was delivered in exchange for it? Were these payments for past services rendered or for future expected returns? Who were the donors? Why didn’t the Trump Organization just report the entire $380,000 in total? Why break that down into separate transactions? Why was each payment identically described as “Facility Rental/ Catering Services”? Is something being disguised here?