Donald Trump recently “sold” Mar A Lago, his beloved home in Florida, according to property records.
However, a bit of investigation recently revealed that the ownership did not, in fact, leave Trump’s hands. Rather, he transferred it into a corporation.
The owner of the corporation has a very familiar name, his son – Donald Trump Jr.
Donald Trump’s booking sheet seems to suggest he sold Mar-a-Lago earlier this month. A copy of Donald Trump’s booking sheet was made public by Fulton County Sheriff’s office.
The ex-president listed his address as 1100 S Ocean Blvd, Palm Beach, FL 33480. But, one property listing website reports the property was sold earlier this month of $422,000,000.
Reports show that the property was sold on August 4, 2023. A quick search of the website SunBiz, however, reveals that the current owner of Mar A Lago is a company called Mar A Lago, Inc.
The owner of the company, and its registered agent, is Donald Trump Jr., the ex-president’s oldest son. This suggests that Trump merely transferred the asset into a corporation owned by his son to shield it from liens and creditors.
Financial experts say that this is a common tactic done by wealthy men who are charged with financial crimes to avoid losing it to civil forfeiture.
