Category: The Trump Organization

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Crime Donald Trump Eric Trump The Trump Organization

WATCH Eric Trump Whine: ‘They’re Going To Start Seizing Assets!’

Eric Trump is absolutely terrified, and it shows.

Appearing Sunday morning on Fox News with host Maria Bartiromo, the son of failed one-term former president Donald Trump whined that insurance executives who refused to provide bonding for the $464 million owed by the Trump Organization for fraud was asked, “I’m trying to understand how this number came about, $454 million or $464 million, and what the real number is.”

“You know what? It was a crooked number. There are no victims. There is no number. The number should be zero.”

“This is extraordinary,” he continued. “No one’s ever seen a bond this size. Every single person, when I came to them saying, hey, can I get a half-billion-dollar bond?”

Sounds a lot like his old man, doesn’t he? No one’s ever seen a bond this size. Hard to tell if he’s bragging or complaining. Probably a bit of both, knowing the Trump family.

Eric then asserted that he and his father had been laughed at.

“Maria, they were laughing. They were laughing. Top executives of the largest surety companies had never seen anything of this size. And what, they’re going to start seizing assets if he can’t put up something that’s not available in the United States?”

Yes, Eric, that’s how it works. You’re found guilty of fraud, assessed a financial judgment, and if you can’t pay they start seizing your assets. Seems like a so-called “businessman” would understand that, but since the Trumps have always had everything handed to them on a silver platter, they don’t even know the basics of finance or the law.

Starting Monday, New York Attorney General Letitia James will indeed start seizing assets — bank accounts and properties owned by the Trumps — to satisfy the court’s ruling, which proves that Donald Trump has never been as rich as he claims to be. If he’s a billionaire, shouldn’t he have a half-billion sitting in his bank accounts? Earlier this week, he claimed he did, bragging on social media, “Through hard work, talent, and luck, I currently have almost five hundred million dollars in cash.”

Eric, meanwhile, is upset because he knows his old man is about to be broke and his inheritance will be little more than an already besmirched name.

Maybe the Trumps can beg Vladimir Putin for some bucks/rubles. Either that, or perhaps the Russian dictator can provide the Trumps with a dacha in Siberia.

Here’s the video of Eric’s pathetic whining:

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Crime Donald Trump The Trump Organization

This Veiled Threat From Letitia James Is Causing Nightmares For Trump

As he and his attorneys continue to seek a delay in the payment of a $454 million civil fraud trial award to the state of New York, failed former president Donald Trump must have been shaken by comments made by the state’s Attorney General, Letitia James, according to “The Weekend” co-host Alicia Menendez.

During a segment this morning with former Justice Department official Mary McCord, Menedez played a video clip of James remarking,  “If he [Trump] does not have funds to pay off the judgment, then we will seek in judgment enforcement mechanism in court and we will ask the judge to seize his assets.”

James added, “We are prepared to make sure the judgment is paid to New Yorkers. Yes, I look at 40 Wall Street each and every day.”

40 Wall Street, it should be noted, is the address of Trump Tower, perhaps the most cherished property the disgraced ex-president owns.

That led Menendez to remark, “Two important pieces. Make sure the judgment is paid to New Yorkers because often one of the things you heard from Trump’s team is this is a victimless crime. So the idea that there are actually citizens who need to be repaid is one piece of this. And then the comment that must haunt Trump’s dreams now is, ‘Yes, I look at 40 Wall Street each and every day.'”

Donald Trump probably thinks he can continue to kick the proverbial can down the road when it comes to paying the millions he owes both the state of New York for fraud and writer E. Jean Carroll for defamation. But if he’s under the illusion that Letitia James will let him get away with that, he clearly hasn’t been paying attention.

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

Donald Trump And His Sons Could Soon Face Tax Charges From The IRS

Having been found guilty of bank and tax fraud and fined $355 million by New York Judge Arthur Engoron, things could be about to take an even nastier turn for failed one-term president Donald Trump and his two oldest sons, Don Jr. and Eric, according to a former prosecutor.

After Engoron’s ruling, according to NBC News, New York Attorney General Letitia James issued a statement.

“Donald Trump is finally facing accountability for his lying, cheating, and staggering fraud. Because no matter how big, rich, or powerful you think you are, no one is above the law,” James said in a statement, calling the ruling “a tremendous victory for this state, this nation, and for everyone who believes that we all must play by the same rules — even former presidents.”

The Friday ruling could also serve as the basis for new legal problems for Trump and the Trump Organization.

Legal analyst Catherine Christian told MSNBC host Ali Velshi that AG James has made it clear she will be passing along the findings that served as the basis for her case to the U.S. Department of Justice.

“If now the federal government, the Southern District of New York sort of passed on this publicly, but that does not mean that they can’t, as long as it’s within the statute of limitations take another look,” Christian explained.

“And clearly, the federal government, the Internal Revenue Service, they sort of never stop looking at you, and so yes, the AG’s office referred to it to other authorities, and it could be possible that each of the defendants, not just Donald Trump, his sons, [Allen] Weisselberg could be in legal jeopardy, even criminal jeopardy.”

If Donnie thought he had a bad day in court on Friday, just wait until the IRS starts seizing his bank accounts and properties to pay any taxes and penalties. By the time they’re finished with him, he won’t have a proverbial pot to piss in or a window to throw it out of.

 

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Donald Trump The Trump Organization

Trump’s ‘Cash Crunch’ May Force Him To Make A Humiliating Choice

As he gets closer to seeing a New York judge impose a fine that could be as large as $370 million, failed former president Donald Trump is also on the verge of having a make a choice that would be the ultimate humiliation for him.

That’s what New York Times investigative reporter Susanne Craig says she believes she has Trump so worried: He’s going to be forced to sell off his properties in order to pay the penalty for decades of lying on financial disclosure forms.

Appearing on MSNBC, Craig noted:

“The argument has been that he submitted these statements of financial condition in order to get better rates at the banks. And they went through some of the spending that Donald Trump has been doing recently. There have been a lot of renovations at three properties. He put $250 million into Doral and the old post office; he spent $225 million on renovations.”

In other words, Trump and the Trump Organization are facing a major cash crunch, Craig continued.

“Then secondly, I was listening to it because he is facing coming into a judgment with this judge of penalties going up to $370 million. We’re looking at the hundreds of millions of dollars range. The attorney general painted the picture that the cash position is not good. It also supports the analysis that we have done at The New York Times that he doesn’t have a lot of cash on hand to meet a penalty of that size.”

Trump’s only option will be to sell his properties in order to cover the massive court judgement, which led former federal prosecutor Andrew Weissmann to explain that the process could take place sooner rather than later, even if the ex-president decides to file an appeal.

“Very often the courts of appeals will require a cash bond. And so that issue of can he wait until the appeal is over to start paying this, that may not be an option.”

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Crime Donald Trump The Trump Organization

Trump Canceled Monday Testimony For Fear Of Committing Perjury: Report

Former president Donald Trump’s scheduled testimony in the New York fraud trail that could lead to the collapse of the Trump Organization was abruptly canceled on Sunday, with the ex-president announcing on social media that he wouldn’t be offering any defense of the charges against him.

On his failing Truth Social site, Trump wrote:

“I have already testified to everything & have nothing more to say other than this is a complete & total election interference (Biden campaign!) witch hunt,” so “I will not be testifying on Monday.”

The actual reason, according to Forbes reporter Dan Alexander can be explained with one word: Perjury.

Trump and his attorneys are terrified that any testimony he gives would open him to additional charges of lying under oath, which led to the reversal.

“Trump blamed others for getting it wrong,” Alexander noted on Twitter. “Then, after Trump testified, we at Forbes released an audio clip–which had not previously been made public–showing him personally lying about the square footage of his penthouse, claiming it was 33,000 square feet.”

Alexander gave another example of how prosecutors working for New York Attorney General Letitia James would have tried to get the ex-president to commit perjury.

“Take 40 Wall Street. In his earlier testimony, the state asked Trump: ‘Have you ever inflated the operating income of 40 Wall Street?’ Trump, when asked if he had ever inflated the operating income at 40 Wall Street, replied: ‘Not that I know of.’ But he has, by egregious amounts. We have that on tape, too.”

Trump has already lost the civil case brought by AG James. All that remains is for Judge Arthur Engoron to attach a monetary penalty for the bank, insurance, and tax fraud he allegedly committed. James is asking the court for a judgement of $250 million.