Category: Greed

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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 Greed Trump Supporters

MAGA Faithful Are Getting Scammed By Hucksters Selling Worthless ‘Trump Bucks’

There’s an eponymous saying attributed to P.T. Barnum that we’re all familiar with: There’s a sucker born every minute.

But based on a report from NBC News, it’s probably safe to say that when it comes to supporters of failed, one-term, twice-impeached and once-indicted former president Donald Trump, those suckers are born every second.

Take, for example, John Amann, who says he purchased $2,200 worth of Trump Bucks over the past year but was told they were worthless when he tried to cash them in at his bank.

NBC News has identified the Colorado-based companies behind the Trump Bucks as Patriots Dynasty, Patriots Future and USA Patriots and reviewed dozens of social posts, online complaints and hundreds of misleading ads for the products. Additionally, NBC News has found at least a dozen people like Amann who say they invested thousands of dollars after watching the pitches on Telegram and other websites that strongly suggested that Trump himself was endorsing these products.

“Now I’m questioning whether he is aware of this,” Amann said of Trump.

There’s no proof that the failed ex-president is connected to the scam, though if he were, you know he’d be getting a hefty share of the profits and would also likely deny he was.

Patriots Dynasty, the company behind the scam, operates out of a industrial center in Denver and has been given an F rating by the Better Business Bureau.

All of this is part of a larger scam goes by the moniker of the Trump Rebate Banking System (TRB for short), which is telling buyers that when Trump is returned to office, he’ll unveil a new monetary system that will magically transform the Trump Bucks into money that is worth much more than what they paid for the items.

Invest in a TRB membership card “issued by Donald Trump,” the ads from Patriots Dynasty, Patriots Future and USA Patriots claim, and the purchaser who spent, say, $99.99 on a “$10,000 Diamond Trump Bucks” bill will be able to cash it in for $10,000 at major banks and retailers like Walmart, Costco and Home Depot.

“TRB system membership cards are official cards issued by Donald Trump to allow Trump Bucks holders to use Trump Bucks as legal tender and deposit them in banks such as JP Morgan Chase, the Bank of America and Wells Fargo,” a narrator identified only as “John” that appears to be a computer-generated voice says in one YouTube ad just moments after cautioning viewers that “Trump Bucks are not legal tender.”

Another victim, a 75-year-old grandmother who lives in Alabama, had this to say about the Trump Bucks, which she now realizes have no value whatsoever:

“I saw all these ads on Telegram that had Trump pushing coins and checks that he endorsed and how you can cash them in after a year and make a profit. I was told how you can go to Bank of America or Target or Amazon to cash them in.”

But when she went to the local Bank of America branch, she found out that she’d been conned out of $1,500.

“When we get there the lady tells me she’s seen dozens of people coming in to cash these checks and they have nothing to do with this,” the grandmother said.

“Now I realize, well, that was stupid,” she said. “But I bought them because I believed President Trump, because he knows all about finance, and he was going to help the real Trump Patriots get rich.”

Suckers. Every last one of them.

 

Categories
Business Greed The Biden Administration

Karine Jean-Pierre Shreds Amazon’s Jeff Bezos On Her First Day As Press Secy. And It’s Absolutely Awesome

Monday was Karine Jean-Pierre’s first day as White House Press Secretary, and she did a great job, proving that she’s a superb replacement for Jen Psaki, who is now working for MSNBC.

At one point during today’s press briefing, Fox News correspondent Peter Doocy decided to ask about a tweet that had been sent out last Friday by President Joe Biden which read:

Doocy asked:

“The president’s Twitter account posted the other day if you wanna bring down inflation, let’s make sure the wealthiest corporations pay their fair share. How does raising taxes on corporations reduce inflation?”

Jean-Pierre responded:

“We have talked about this past year, about making sure that the wealthiest among us are paying their fair share, and that is important to do. That is something the president has been working on everyday when we talk about inflation and lowering costs, so it’s very important that as we’re seeing costs rise, as we’re talking about how to, you know, build an America that’s equal for everyone and doesn’t leave anyone behind, that is an important part of that as well.”

Doocy followed up with this query:

“But how does raising taxes on corporations lower the cost of gas, the cost of a used car, the cost of food for everyday Americans?”

“So I think we encourage those who have done very well, especially those who care about climate change, to support a fairer tax code that doesn’t charge manufacturers workers, cops, builders a higher percentage of their earnings, that the most fortunate people in our nation, and not let that stand in the way of reducing energy costs and fighting an existential problem if you think about it, that is an example. To support basic collective bargaining rights as well.”

Not content, Doocy asked again:

“The President said if you wanna bring down inflation let’s make sure the wealthiest corporations pay their fair share. Jeff Bezos came out and tweeted about that, he said ‘the newly created disinformation board should review this tweet.’ Would you be okay with that?”

That led Jean-Pierre to put Bezos on full blast, responding:

“Look, it’s not a huge mystery why one of the wealthiest individuals on earth, right, opposes an economic agenda that is for the middle class, that cuts some of the biggest costs families face, fights inflation for the long haul, right, and that’s what we’re talking about, that’s why we’re talking about lowering inflation here, and adds to the historic deficit reduction the president is achieving by asking the richest taxpayers and corporations to pay their fair share. That’s what we’re talking about.”

Boom! That’s what we’re talking about. And while we’re at it, let’s also tax the hell out of Doocy’s boss, Rupert Murdoch. If he doesn’t like it, he can move back to Australia and renounce his American citizenship.