On Wednesday, ProPublica reported that an analysis of Trump Organization tax and loan documents revealed a gap between the financial information Trump’s company reported to lenders when seeking massive loans on Trump’s signature Manhattan property and the numbers they handed over to the government when tax-time came around. “The findings,” wrote Heather Vogell, “add a third major Trump property to two for which ProPublica revealed similar discrepancies last month.”
In the latest case, the occupancy rate of the Trump Tower’s commercial space was listed, over three consecutive years, as 11, 16 and 16 percentage points higher in filings to a lender than in reports to city tax officials, records show.