‘What Was the Quid and the Quo?’ A RadPod Christmas Breaker with Martin Sheil

Retired IRS criminal investigator Martin Sheil breaks down bombshell developments about Trump’s tax returns

“With regard to Trump’s taxes, where do you begin?” said Martin Sheil, RadPod’s financial correspondent, on a breaking news segment with me and HiFi. “You have to begin with the Congressional Committee summary report.”

Sheil is looking forward to getting granular when he sees the actual tax return documents, but he said there are enough bombshells in the summary report to expose Trump’s financial vulnerabilities as the national security threat a gal like I has been reporting on for six years.

“The summary reflects massive multimillion dollar losses in the years just prior to 2016, so the first question that has to be asked, ‘Are those massive losses (NOLs) legitimate?” Sheil queried. “If his business was losing money hand over fist, he was clearly no business wizard as he was representing himself as on the campaign trail. But it also represents, to me, a really large vulnerability that could be exploited by some of our major adversaries… I’m talking Russian and China.”

He said the extreme financial vulnerabilities - like owing about half a billion dollars to Deutsche Bank - is more critical to national security than any so-called pee tape.

Sheil said top of the list to be looking for are any foreign transactions, and Schedule B yes/no answers, which is where Putin proxy Paul Manafort got pinched. If Trump owned foreign bank accounts and he checked off ‘no’, then he would be liable and possibly exposed to criminal prosecution, said Sheil.

Sheil said it’s curious how a man alleged to have such extreme NOLs managed to invest in ownership of two well-known golf courses in Scotland.

He said, “Did he actually make that investment or did someone else? And what was the quid and the quo there?”

It will surprise no one to learn that Trump lied about the reason he could not release his tax returns. Every other presidential candidate before him released their returns in good faith. Trump said they were under audit, which we now know was not true.

“That is just malarkey,” said Sheil.

Sheil noted that when the former Secretary of Treasury, Steve Mnuchin, a close confidant of Trump, left his position in the Trump administration, “he quickly opened up a multi-billion dollar investment fund located in the United Arab Emirates.”

(FFS.)

Sheil also noted transactions to former Trump lawyer Michael Cohen “for the hush money payment that he fronted” were reimbursed in the form of monthly legal retainers, as invoiced by Cohen, according to the report.

“That would certainly not be deductible,” said Sheil, who noted that the report indicated the Trump organization deducted those fees. “It’s not in fact a ‘legal fee.’ It’s a fictional legal fee. It’s in fact a very personal expense. It doesn’t get any more personal.”

I asked Marty to go with me to the wayback machine, to our first interview exactly three years ago, where he noted that despite Trump defaulting on a $40 million dollar loan to Deutsche Bank and suing the bank, the bank still loaned him big money. (Note, the conveniently timed and sus Dmitry Rybololev purchase of a Trump South Florida teardown for $95 million, roughly $50 million more than Trump paid a few years prior.)

Sheil noted in the interview more examples of potential quid and quos regarding Deutsche Bank during Trump’s presidency. The bank has been fined hundreds of millions of dollars for moving billions in Russian oligarch cash, maneuvering the money to Cyprus, where it’s then sent to the UK, New York, and back out to Caribbean banks, which then maneuver the money into shell companies, he said.

“Did Mr. Trump monetize the presidency?” Sheil asked. “He had every incentive to do so, because as we see from these tax returns, he had massive multi-million dollar losses going into that presidency. And don’t even get me started with regard to how the inaugural went down. There were a passel of people who ponied up a million dollars for the honor of sitting down to a candlelight dinner with Mr. Trump. Well, I know restaurants in Washington D.C. are pretty pricey but you know…

“I ask again, did Trump monetize the presidency? Where should we start looking? I think Deutsche Bank would be the perfect place to start.”

Full interview below. Merry Christmas!🎄🎁