Current Events > Trump apparently sold/transferred ownership of Mar-A-Lago to Jr

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Bio1590
08/25/23 12:42:48 PM
#1:


https://www.local10.com/news/local/2023/08/25/trump-sells-mar-a-lago-estate-weeks-before-surrendering-to-authorities-in-fulton-county-listing-reveals/

PALM BEACH, Fla. Former President Donald Trump has reportedly sold his signature Mar-a-Lago luxury estate in Florida, according to a Zillow listing which said the resort was purchased earlier this month.

The sale was reported on Aug. 4 just weeks before Trump surrendered himself to authorities on Thursday at the Fulton County jail in Georgia, where he was booked on 13 felony counts.

A report by The Daily Express mentions that Trump has not really sold the property, but simply transferred its ownership to an organization owned by his son Donald Trump Jr.

The listing, which was still available on Zillows website Friday morning, shows that a 5,061-square-foot residence at 1100 S Ocean Boulevard in Palm Beach was sold for $422 million.

The home is currently not listed by Zillow as Mar-a-Lago, however the address is that of Trumps Palm Beach residence.

According to the Zillow listing, the last time the property was sold was on April 6, 1995, which is the exact date when Trump turned the residence into the Mar-a-Lago Club. At the time, Zillow said the property was acquired for $12 million.

While Zillow does not provide details about who purchased the property, SunBiz, a Florida Division of Corporations website, reports that the current owner of Mar-a-Lago is a company called Mar-a-Lago Inc., which is owned by Donald Trump Jr.

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texanfan27
08/25/23 12:44:15 PM
#2:


Sounds like a money laundering play to me

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SSJKirby
08/25/23 12:48:10 PM
#3:


Now it's Jr's declassified documents that were planted

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aarrgus
08/25/23 12:49:00 PM
#4:


Totally normal thing people do all the time... "Sell" their properties at massively inflated prices to their son's company right before being indicted for the 4th time.

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Hikewne
08/25/23 12:50:41 PM
#5:


A perfect sale!

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Jerry_Hellyeah
08/25/23 12:51:17 PM
#6:


"Let me just do one more crime."

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DarthAragorn
08/25/23 12:52:55 PM
#7:


I'm sure he'll pay taxes on the 400 million dollar gain too

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Heavy_D_Forever
08/25/23 12:54:34 PM
#8:


texanfan27 posted...
Sounds like a money laundering play to me
Not so much money laundering as it is just moving assets out of his name to avoid civil forfeitures with these pending court cases. Still shady af tho.

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CARRRNE_ASADA
08/25/23 12:55:27 PM
#10:


Does he expect a liquidation of assets? Seems like he's trying to shield his property. I imagine Trump signed that transfer reluctantly...

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Funkydog
08/25/23 1:00:40 PM
#11:


Perfect. Now whoever owns it faces all of Trump's crimes, right?

7D chess move.

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Giant_Aspirin
08/25/23 1:09:17 PM
#12:


I'll take "Things Innocent People Do Not Do for $500, Alex"

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