Maryanne Trump Barry, a federal judge, submitted a filing as a part of her Senate confirmation process that revealed the existence of the "All County Building Supply & Maintenance" company.
The Times said the entity was "central" to its investigation.
The New York Times' bombshell investigation into President Donald Trump's wealth came to fruition after a Times reporter discovered a critical piece of information on a filing Trump's sister, Maryanne Trump Barry, submitted to the Senate as a part of her confirmation to the federal judiciary.
The Times wrote Tuesday that this document led to the uncovering of "a central finding of the story" — the existence of the All County Building Supply & Maintenance company.
The document was discovered, The Times reported, when reporter Susanne Craig searched "mortgage receivable" paired with "Trump." She did so because "mortgage receivable" was a term the Trump family used to describe mortgages from the children to their father, Fred Trump.
What Craig found was an unredacted disclosure form of Maryanne Trump Barry, now a judge on the 3rd Circuit Court of Appeals, that was filed during her confirmation process. Craig spotted a $1 million contribution to an entity called All County Building Supply & Maintenance company.
That company, which The Times called "the most overt fraud" the Trumps had set up, was the focus of much of its investigation.
"'What the heck?'" Craig remembered thinking, per The Times. "That was the first inkling we had that, hey, there’s something to do with this company that we need to figure out."
Craig and her Times colleagues conducted interviews and reviewed more records about the company, which they were told served as a middleman to move cash from Fred Trump's companies to the president and his siblings. Formed in 1992, the company's purpose was to be a purchasing agent for Fred Trump's buildings, but it instead was used to siphon millions from the elder Trump's empire by marking up purchases that were already made.
The company's address was listed as the Manhasset, NY, home of John Walter, a nephew of Fred Trump, The Times reported. Walter, who died in January, managed much of Fred Trump's records. His basement was filled with boxes of those documents, The Times reported.
The Times explained the "remarkably simple" way All County worked to enable Fred Trump to disguise cash gifts to his children as business transactions, avoiding a large tax bill:
"Each year Fred Trump spent millions of dollars maintaining and improving his properties. Some of the vendors who supplied his building superintendents and maintenance crews had been cashing Fred Trump’s checks for decades. Starting in August 1992, though, a different name began to appear on their checks — All County Building Supply & Maintenance. Mr. Walter’s computer systems, meanwhile, churned out All County invoices that billed Fred Trump’s empire for those same services and supplies, with one difference: All County’s invoices were padded, marked up by 20 percent, or 50 percent, or even more, records show. The Trump siblings split the markup, along with Mr. Walter."
In addition to reporting on what it described as "dubious tax schemes" in the 1990s that even included "instances of outright fraud" that Trump participated in to enhance the fortune his parents passed on to him, The Times investigation countered Trump's narrative of being a self-made billionaire who built his own empire.
Soon after the report was published, a spokesman for the New York State Department of Taxation and Finance said the agency was 'reviewing the allegations' and 'vigorously pursuing all appropriate areas of investigation.'
Trump's attorney Charles Harder said in a statement to The Times that the story was "100% false and highly defamatory." White House press secretary Sarah Huckabee Sanders said during Wednesday's press briefing that the story only got one thing correct — that Trump's father "had a lot of confidence" in his son.
Trump himself responded to the story in a Wednesday morning tweet, saying "they used the concept of 'time value of money' in doing a very old, boring and often told hit piece on me."
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