Opinion: Trump’s Hotel at the Old Post Office is a business made of White-Collar crime

Reportedly coined in 1939, the term white-collar crime is now synonymous with the full range of frauds committed by business and government professionals. These crimes are characterized by deceit, concealment, or violation of trust and are not dependent on the application or threat of physical force or violence. The motivation behind these crimes is financial—to obtain or avoid losing money, property, or services or to secure a personal or business advantage” (Federal Bureau of Investigation – White-collar Crime).

The House Committee on Oversight and Reform have looked into documents from the General Services Administration (GSA) detailing the lease of the Old Post Office Building in Washington D.C., which has been made into a Trump Hotel. The documents and financial transgressions is now blown a lid off.

That’s why the Former President Donald J. Trump came out with a statement that the Republican’s should vote in 2022 (midterms) and 2024, because the 2020 election wasn’t rectified or overturned as he wanted. This is what created buzz and headlines… while the financial crimes of the Trump Organization in concern to this hotel was becoming secondary.

Trump and his companies withheld information of a loan from Deutsche Bank, which in 2018 gave him a $170 million loan. While he was in office, the hotel earned $150 million and out of that he received $3.7 Million from Foreign Governments. He also concealed $70 Million in Net Losses. In addition, he concealed other debts with other properties as he was bidding for the Old Post Office Building. He hid this information of $1.1 billion of debt in 2009/10 in the financial documents when he applied to the GSA in 2011.

All of these things can be seen as corporate fraud, which is White-Collar Crime and he has also possibly violated the Foreign Emoluments Clause with the “donations” or millions of dollars from Foreign Government to the Trump Hotel. All of these things should be investigated directly and the Department of Justice should takeover from the House Committee on Oversight and Reform. So, that this can a discovery and subpoenaed further.

We are seeing the will to hide, deceive and lie to entities to get profits. The conceal the facts and get beneficial treatment. While also ensuring illegal means to get the ability to rent and run an hotel while being in office. The Trump Hotel at the Old Post Office needs a serious investigation and possibly more deals done by the Trump Organizations. Since this is just one of plenty and now that his not in office. The state, the committees and state attorney generals can push these cases. That is needed. Because, it has been proven in the past of transgression and illegal activity done by Trump.

That’s why Trump isn’t allowed to run a charity or a foundation. Neither, the former President was charged and had to pay fines for his fake Trump University too. Therefore, expect more to come and more cases to possibly happen. This just shows what his willing to do and using the Presidential term to earn more money. Peace.

USA: 4 Senators letter to the Cheif Executive Officer Christian Swing of Deutsche Bank on the Trump Organization (07.04.2020)

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