The New York Times today posted a detailed investigative article asserting that President Donald Trump engaged in questionable tax schemes in the 1990s, “Including outright fraud.” The story, by David Barstow, Susanne Craig, and Russ Buettner, is here.
Third Circuit Judge Maryanne Trump Barry, a senior judge on inactive status, is named in the article. According to the story, she along with her two brothers filed a tax return on their father’s estate that “vividly illustrates the effectiveness of the tax strategies devised by the Trumps in the early 1990s,” “[r]ecycl[ed] … legally dubious techniques,” “dodged tens of millions of dollars in estate taxes,” “aggressively discounted … appraisals,” “appear[ed] to have hidden key facts from the I.R.S.,” “drastically understat[ed] the value of apartment complexes and shopping centers,” and “made no mention of” two significant assets.
In the story, Judge Barry denied comment and President Trump’s lawyer “defended the tax returns filed by the Trumps.”
This is a stunning development. More to come on this story, I’m sure. As readers know, I’ve long held Judge Barry in high regard. The allegations are quite serious, but I don’t know what to make of this yet and I believe she’s earned our circumspection until we know more.