Port Washington 2018_10_12

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Serving Port Washington, Manorhaven, Flower Hill, Baxter Estates, Port Washington North and Sands Point

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Friday, October 12, 2018

Vol. 3, No. 41

Port WashingtonTimes FALL HOME & DESIGN

PORT AUTHOR TURNS TO KIDS

PHILLIPS LEADS KAPLAN IN FUNDRAISING

PAGES 33-48

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Former Flower Hill mayor ran Trump company

FUND RUN

John Walter helped Fred Trump pass money on to children, including Donald BY LU K E TOR R A N C E While serving as the mayor of Flower Hill in the early 1990s, John Walter was helping the family of President Donald Trump filter millions of dollars through a company that allowed its members to get around the estate tax. In a report last week, The New York Times exhaustively cataloged the ways that Fred Trump passed down millions of dollars to his children, particularly Donald Trump, while dodging taxes. The Times reported that in the early 1990s — with Fred Trump’s health failing, yet with millions of dollars of real estate under his name — Trump was looking to pass that property down to his children without having to pay the 55 percent inheritance!tax. So he turned to “a favorite nephew” — John Walter. A company called All County Building Supply & Maintenance was incorporated on Aug. 13,

1992, ostensibly to pay for maintenance crews and equipment for the properties Trump owned around New York City. But The Times reported that All County’s purpose was instead to allow Fred Trump to give his children large cash gifts disguised as legitimate business transactions, thus evading the estate tax. The address listed for All County!was that of Walter’s home at 511 Manhasset Woods Road in Manhasset. For years, vendors who maintained the Trump properties had cashed checks from Fred Trump. But in August 1992, they began to receive their payments from All County instead, according to the Times. Through a computer system set up by Walter, invoices were padded by 20 percent up to more than 50 percent, the Times reported. This allowed Trump to pay his children without incurring any Continued on Page 67

PHOTO BY LUKE TORRANCE

Students at Guggenheim Elementary in Sands Point run laps to help raise money for STEM equipment at the school’s inaugural Fun Run. See story on page 3.

Talented Port residents to take the stage at Landmark BY LU K E TORRANCE The Port Washington peninsula is home to many talented singers, dancers, musicians and other performers. This

month, a collection of these people will come together at the inaugural Port’s Got Talent show. The show will begin at 7:30 p.m. on Saturday, Oct. 20, in the Jeanne Rimsky Theater

in Landmark on Main Street in Port Washington. Performers from children to seniors will take the stage. Tickets are $25 per person or $35 for preferred seating. All Continued on Page 67

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