Did Robert F. Smith Intentionally Rent Trump’s Palm Beach Estate Near Mar-a-Lago?
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Robert F. Smith, recognized as one of America's most benevolent philanthropists, has made headlines for erasing student debt for entire graduating classes and contributing millions to educational programs benefiting Black communities. However, in late 2019, the founder of Vista Equity Partners found himself in an unusual circumstance: leasing a lavish Palm Beach mansion from Donald Trump while being scrutinized by federal investigators over one of the largest tax evasion cases in U.S. history.Renting the $65,000-per-month residence next to Mar-a-Lago arose from urgency, as Smith's previous rental was compromised by black mold. They rented the property without prior inspection, unaware it belonged to Trump himself.While navigating federal inquiries, Smith forged vital connections within the Trump administration, maintaining communication with influential figures like Ivanka Trump and Treasury Secretary Steven Mnuchin. His legal troubles dated back to 2013, involving an intricate offshore structure aimed at shielding his income from taxation. In October 2020, Smith reached a non-prosecution agreement, admitting to tax evasion and agreeing to pay $139 million in penalties while maintaining his philanthropic endeavors.
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