The Department of Homeland Security spent $1 billion in taxpayer money last year to buy warehouses. But a new report claims that DHS overpaid for these properties, sometimes by as much as a thousand percent, and that the people who benefited were investors with close ties to President Donald Trump.
According to Mediaite, the report, based on data from activist group Project Salt Box, found that many of the warehouses had been sitting on the market for years before DHS stepped in to buy them. In some cases, those properties were carrying bank debt, which means the government’s purchase essentially paid off those loans for the owners.
