Category: Crime

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Crime Donald Trump Donald Trump Jr. Eric Trump The Trump Organization

New York Fraud Ruling Could Lead To Don, Don Jr., And Eric Losing Their Homes: Report

Based on a hearing held today in a New York court, it seems that former president Donald Trump and his two oldest sons, Don Jr. and Eric, could soon be without a place to live if the judge overseeing the case decides to sell their homes in order to pay off a $250 million dollar fine being requested by New York Attorney General Letitia James.

Business Insider reports that real estate in the form of residences was one of the issues before New York Supreme Court Justice Arthur Engoron, who was asked if the Trump homes were on the table.

“I’m not prepared to make a ruling at this time,” Engoron told Trump’s lawyers with a slight smile, shifting the focus of the hearing instead on more mundane matters of pre-trial logistics.

At stake is what assets belonging to Trump, his sons, and the Trump Organization are subject to be liquidation. Would it only be business properties, or are homes included, too?

But there was no guidance on how dissolution will work in a multi-billion-dollar organization whose assets include not just interests in skyscrapers – such as Trump Tower in Manhattan, where Trump Org is based, and a ground lease in 40 Wall Street – but home addresses, too.

“Certain of the entities, entities that own physical assets like Trump Tower and 40 Wall – is the court under the impression that those are to be sold or are they to be managed under the monitor?” Trump attorney Chris Kise asked Engoron. 

It was at this point the judge said he was not yet prepared to make a ruling.

Kise asked, “Which entities are covered here? You have New York entities that just own a house or a townhouse. Maybe Don Jr. ‘s or Eric’s residence… are those covered?” 

Engoron said any decision on those questions would have to wait.

Imagine, for just a moment, the ex-president having to sell his penthouse condo at Trump Tower and also being ordered to put his Mar-a-Lago resort up for sale. Where would the Donald live? We he be forced to move in with Ivanka and Jared? Or would he have to try and find a new location in Florida to use as his residence?

One thing is clear: There’s about to be a massive fire sale at the Trump Organization, and when it’s all over with, Donald and members of his family may not have a pot to piss in or a window to throw it out of.

 

Categories
Business Crime Donald Trump The Trump Organization

Michael Cohen: New York Fraud Ruling Leaves Trump Financially F**ked

 

Michael Cohen served for years as a personal attorney and fixer for failed ex-president Donald Trump, and he’s warning that a summary judgement handed down Tuesday by a New York judge against Trump and the Trump Organization means the Donald’s financial house of cards is on the verge of total collapse.

Cohen was a guest on CNN, and host Kaitlan Collins asked if Trump can pay the $250 million judgement, which will likely be closer to $600 million with interest and penalties. Cohen responded, “No.”

“So all of those assets will end up going into some form of receivership,” Cohen added. “As a result of the receivership, those companies will end up being liquidated, especially now that this case is no longer solely about… liability. The judge has already determined that the fraud existed.”

Cohen also noted, “If you want to get to Donald, the way to do it is through his bank book. It’s not by saying he’s a narcissistic sociopath or that he’s definitely not 6’3″ and he’s not 215 pounds; you go after the wallet.”

“Once you start hitting that bank book, that’s what really gets to him.”

Asked about Trump’s claim that the brand name is worth more than the judge realizes, Cohen had this to say:

“When it comes to the value of the brand, sure, there’s a value of the brand. What’s the value of the brand now? Obviously significantly less. But if you’re talking about the asset, what does the brand value have to do with over-inflating the square footage of your primary residence by triple on Fifth Avenue to 33,000 square feet when the unit is actually 11,000 square feet.”

Here’s the ugly bottom line for Donald Trump and the Trump Organization: They’re screwed. Donnie is about to be broke, and it should be fun to see how long his attorneys continue to defend him when he can no longer pay their fees.

 

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Crime GOP

Stephen King Gives ‘Jimmy’ Jordan A Brutal Fact-Check On The Issue Of Crime

Rep. Jim Jordan (R-OH) got supremely swatted down by best-selling author Stephen King on the issue of crime, and the result was perfectly on-point, especially since Jordan’s party is on the verge of shutting down the federal government to pretend they’re doing something other than wasting time and taxpayer money on bogus investigations.

On Tuesday, Jordan took the House Judiciary Committee on the road, to the city of Chicago so Republicans could grandstand and claim Democrats are to blame for all of the crime taking place in the United States.

After the hearing, Jordan posted this on Twitter:

That led King to respond with a pointed reminder of what’s actually behind the rise in violent crime.

For example, consider the issue of mass shootings in the U.S., which are increasing rapidly in 2023, according to a recent report from the BBC.

There have been more than 470 mass shootings across the US so far this year, according to the Gun Violence Archive, which defines a mass shooting as an incident in which four or more people are injured or killed. Their figures include shootings that happen in homes and in public places.

For each of the last three years there have been more than 600 mass shootings – almost two a day on average.

How can anyone blame those numbers on any political party or ideology? It’s the proliferation of guns that makes it easier for gun crimes to take place. Fewer guns would mean fewer deaths, much the same way fewer cars on highways reduces the number of fatal auto accidents. That’s just common sense.

Even worse is the fact that Jordan has no solutions to the problem he’s trying to blame on others. He’s just trying to make political hay while more people die of gunshot wounds each and every day in this country

The terror found in Stephen King’s novels is no match for the craven and heartless posturing from mindless, self-serving political hacks like Jim Jordan and his ilk.

 

Categories
Crime Donald Trump Greed The Trump Organization

NY Judge Rules Trump Organization Committed Massive Fraud – Could Be Death Knell For Donald’s Company

A New York judge ruled today that failed former president Donald Trump and his company, the Trump Organization, committed massive and systematic fraud for years and should be held accountable.

According to the Associated Press, “Judge Arthur Engoron, ruling Tuesday in a civil lawsuit brought by New York’s attorney general, found that the former president and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing financing.”

Engoron’s ruling comes just days before a non-jury civil trial brought by New York Attorney General Letitia James is set to begin and suggests that the ex-president’s company could be in serious trouble moving forward.

James is asking the court to impose $250 million in penalties and bar the Trump Organization from doing business in the Empire State, which would be a devastating blow to a company that is believed to be financially strapped and teetering on the brink of collapse, according to some reports.

For years, Trump has reportedly lied about his success as a businessman, but today’s summary judgement goes far beyond claims of mere exaggeration, as the former president and top Trump Organization executives have now been found liable of forging financial documents to gain increased loans from banks and reduced tax rates.

Today’s ruling also gives James leverage if she decides to seek what’s known as the “corporate death penalty,” a move that would dissolve the Trump Organization entirely and lead to the seizure of assets owned by the company.

Should Trump be unable to pay a massive fine, James could also seek to have some of his properties sold off in order to compensate the state for the fraud.

After the verdict was handed down, Trump took to another of his failing properties, Truth Social, to whine:

Translation: Donnie’s pissed off he got caught and now he wants us all to feel sorry for him.

 

Categories
Crime Donald Trump

Manhattan Discovery List Hints That Donald Trump Fathered An Illegitimate Child

If you take a close look at the discovery list given to attorneys for former President Donald Trump recently week by Manhattan District Attorney Alvin Bragg, you’ll see a reference to a book alleging that the ex-president fathered an illegitimate child.

That book, MSNBC legal analyst Lisa Rubin notes, is of particular interest since the underlying crimes Trump has been indicted for in Manhattan involve hush money payments he allegedly made to adult film star Stormy Daniels in order to keep her from revealing their affair.

Rubin explained what she thinks the book about the possible Trump love child has to do with Bragg’s case, writing on Twitter, “In New York state, a defendant is entitled to receive all witness testimony before the grand jury and any and all other witness statements provided to the relevant prosecutor’s office. But here, the Manhattan DA’s office also attached this two-page list of books.”

What really caught Rubin’s eye, however, was a book by Dino Sajudin, who worked as a doorman at Trump Tower.

“But what really popped for me was a book by Dino Sajudin, a onetime Trump World Tower doorman who was paid by the National Enquirer’s parent company, American Media, for his story that Trump had a child out of wedlock with a concierge at that building. As the New York Post notes here, Sajudin’s account has been vigorously denied by the woman in question. So is it on the list to show that AMI had a habit of catching and killing stories damaging to Trump? Or for other reasons?”

Rubin continues:

“In any event, I don’t know why Mr. Sajudin’s book is on the Manhattan DA’s discovery list, but I sure would like to find out. Watch this space. p.s. @KatiePhang’s memory FTW: She reminds me the payment to Dino Sajudin — and its mischaracterization in American Media’s books & records — is discussed in the DA’s statement of facts” with a screenshot that you can see below.”

As for the reference to the New York Post article which ran last month, here’s what it reveals:

Sajudin claims that, when he complained about the concierge at the tower — a Colombian-born woman who, he said, was often rude to residents — he was warned by Trump Organization officials to keep quiet.

“I had to wonder what it was about her that kept her in the tower’s good graces,” Sajudin writes.

He adds that he soon found out that the woman, who is not named in his book, had worked as a housekeeper for the Trump family in the past and was given special treatment as a result.

In addition to taking long lunches and buying “$3,000 handbags and $500 shoes” at Bergdorf, the concierge allegedly pushed everyone around, including top Trump executives.

Trump and his attorneys have denied the former president had any affairs with employees and called the Post report “fake news.”