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Jones and Trump Organization attorney Alan Garten did not immediately respond to requests for comment from Business Insider.
A 'pretty brazen' plotGarten told The Daily Beast an "internal loan" wherein Trump "leant money to the entity that he owns" does exist.
"It would appear, assuming Judge Jones' letter is accurate, that this amounts to tax evasion," Martin Lobel, a tax lawyer, told The Daily Beast.
So, instead of paying income taxes of up to 39% on the forgiven debt, the outlet reported, Trump "invented a loan — and then parked it."
Persons:
—, Barbara Jones, Donald Trump's, Arthur Engoron, Jones, Trump's, Trump, Donald J, Alan Garten, Garten, Judge Jones, Martin Lobel, Mother Jones, Adam Levitin, didn't, Jordan
Organizations:
Service, Daily, Business, Manhattan, Trump Organization, Chicago, Government, New York Times, Georgetown University, Citizens
Locations:
York, Washington