Category: The Trump Organization

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Crime Donald Trump The Trump Organization

New Recording Proves Trump’s Fraud Defense Is Bulls*it

For two months now, failed one-term, twice-impeached, and multiply-indicted ex-president Donald Trump and his attorneys have repeatedly claimed he had absolutely nothing to do with overvaluing his real estate holdings and that those estimates were made by others.

But that defense has now been utterly destroyed by an audio recording uncovered by Forbes which proves Trump did indeed play a role in committing bank and tax fraud by falsifying values of his properties.

Specifically, there’s a financial statement from Trump in which he tripled the size of his penthouse apartment in Trump Tower.

The audio obtained by Forbes shows that as far back as 2015, Trump was bragging (and lying) about his assets, remarking in an interview:

“This is the entire floor of Trump Tower, just so you understand. This isn’t like, I’ll show you. Now, this wraps all around the building. All around the elevators. And I have three times three. So there’s like 11,000 feet on a floor. So I have three. So 33,000—and I have the roof.”

The actual size of the penthouse is 11,000 square feet. Trump tripled it.

The Forbes report continues:

In fact, Forbes uncovered the square-footage discrepancy and informed Weisselberg and McConney that the apartment was 10,996 square feet in February of 2017. The Trump Organization nonetheless continued to use the incorrect square footage on a net-worth statement dated mid-March. Forbes then published an article headlined ‘Donald Trump Has Been Lying About The Size Of His Penthouse’ in May 2017. It was only after that story came out—while Donald Trump was in the White House—that the Trump Organization changed its calculation to reflect the true square footage of the apartment.

Having already been found guilty of fraud by New York Supreme Court Judge Arthur Engoron, the trial has entered the penalty phase, which could result in a massive financial judgement against the former president and the Trump Organization.

New York Attorney General Letitia James is seeking at $250 million judgement against Trump and his company. Such a finding, along with accrued interest and penalties, would likely result in the financial collapse of Trump Org. and dissolution of the Trump empire.

 

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Crime Donald Trump The Trump Organization

Letitia James Mocks Trump’s Latest Fraud Defense By Calling His ‘Experts’ Nothing But ‘Golf Buddies’

As she has repeatedly proven over the course of the ongoing fraud trial against former president Donald Trump and the Trump Organization, New York Attorney Letitia James has a factual retort for every so-called defense Trump’s legal team puts forth.

One of those witnesses sounded like he was testifying for the prosecution, according to Business Insider.

When it comes to Donald Trump’s estimates of his net worth, “questionable” and “inconsistencies” are words you’d expect to hear only from his accuser, the state of New York.

But on Wednesday, Trump’s third day of presenting defense witnesses for his Manhattan fraud trial, an expert accountant took the stand in the former president’s defense for a second day and used these very words to describe the creative math at the center of the case.

“It’s certainly a red flag for me,” testified the expert, Jason Flemmons, referring to an internal Trump Organization spreadsheet from 2016 displayed on overhead screens in the lower Manhattan courtroom.

And then there was Steven Laposa, who admitted that he isn’t an expert on real estate appraisals.

Laposa said the attorney general’s approach to valuation was “flawed” because it relied on a market value analysis of Trump’s properties. He argued it should have been based on the investment value, which takes into account the owner’s investment requirements.

When Laposa returned to the stand Friday, a lawyer for the attorney general’s office asked him if he had any experience reviewing personal financial statements. Laposa said no.

That led AG James to lay waste to the Trump defense, which is crumbling almost as quickly as the Trump Organization itself.

In a video she posted online, James noted that most of the people testifying in Trump’s behalf aren’t experts at all. They’re just golfing buddies.

“We heard testimony from their many expert witnesses, but they weren’t real experts.

“We did learn something. Several of these experts are longtime friends and golf buddies of Donald Trump.”

James then focused in on why she didn’t believe a word Trump’s defenders had said in court and under oath.

“Their accounting expert has never once worked on the types of financial statements at the heart of Donald Trump’s fraud,” she explained.

“Their expert on real estate finance admitted that he not only lacks experience in valuing real estate, but he also does not have any experience with the accounting standards and personal financial statements that this case revolves around.”

Some of the witnesses, James continued, do other connections to Trump: They’ve donated money to him and been buddies for years.

“One has donated millions of dollars to Donald Trump’s campaign and his son even got married at Mar-a-Lago. Another is a member of Mar-a-Lago and several other Trump golf clubs.”

Tish James is a boss, and she’s got Donnie’s number.

 

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Crime Eric Trump Social Media The Trump Organization WTF?!

Eric Trump Gets Brutally Mocked For Claiming His Family’s Assets Are The ‘Mona Lisas’ Of Real Estate

Social media erupted with laughter and mockery over the weekend in response to remarks made by Eric Trump in which he suggested the Trump Organization’s properties were the “Mona Lisas” of real estate.

During a Saturday appearance on Fox “News,” Eric insisted, “Our assets are worth a fortune,” and adding:

“They’re the Mona Lisas of the real estate world.”

Despite Eric’s protestations, New York Attorney General Letitia James has already received a judgement of fraud against the Trump Organization and the company could be hit with fines and penalties that exceed a half billion dollars, which would likely lead to the complete dissolution of Trump Org.

However, it was the Mona Lisa comparison that drew the most reaction on Twitter.

 

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Crime Donald Trump The Trump Organization

Trump Erupts On The Witness Stand As His Defense Collapses: ‘The Fraud Is On The Court!’

During his testimony this morning as part of an ongoing fraud trail against him and his company, former president Donald Trump exploded under cross-examination and accused the court of being a “fraud” and also attacked New York Attorney General Letitia James, who brought the case against him.

The disgraced ex-president began complaining from the moment he took the stand, telling presiding judge Arthur Engoron that he shouldn’t have to explain anything because all of his financial statements included a disclaimer.

In response, Engoron told Trump, “If you want to learn about the disclaimer clause, read my opinion — for the first time.”

Things went downhill from there, with Trump suggesting the court had no right to question him or his business practices.

“I think it’s fraudulent the decision. The fraud is on the court,” Trump insisted.

Then came the lashing out at James, with Trump railing, “The fraud is her!”

That was followed by this outburst:

“He called me a fraud, and he didn’t know anything about me!” Trump shouted. “You knew nothing about me…you believe this political hack back there!”

Keep digging that hole deeper, Donnie. The only person you hurt is yourself.

 

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Donald Trump The Trump Organization

Letitia James Has The Perfect Response When Trump Calls Her A ‘Racist’ At NY Fraud Trial

Ever since New York Attorney General Letitia James first filed suit against failed former president Donald Trump, accusing him and his company, the Trump Organization, of financial fraud, the ex-president has been constantly attacking the AG, accusing her of being a “racist” because she’s black and he’s white and even nicknaming her “Peekaboo” James.

Until today, James had not responded to Trump’s many insults and taunts, but she more than made up for her previous silence with what she said during a break in the trial that could financially destroy the Donald and his family-owned company.

According to Stewart Bishop of Law360, James let loose, remarking:

“He’s called me venomous, he’s called me disgraceful, he’s called me a radical, he’s called me a racist and this is only week three. None of this, which can best be described as performative, can change what’s happening in the courtroom.”

She added:

“And the evidence is clear, that he inflated his statements of financial [condition] to enrich himself and his family. And nothing will change that, not the attacks on me, or anyone.”

Tish James is absolutely right, but she forgot some other terms that also perfectly describe the one-term, twice-impeached former head of state:

  • Bigot
  • Pathological liar
  • Pervert
  • Loser
  • Indicted criminal
  • Douchebag

When the fraud trial is over with, it’ll be fun to see what else James has to say about Donnie.