Categories
Crime Donald Trump The Trump Organization

Trump Is Facing More Than $600 Million In Fraud Fines – He Doesn’t Have The Cash To Cover Them

Now that he’s facing the prospect of having to pay hundreds of millions of dollars in fines for systematic fraud he allegedly committed as head of the Trump Organization, failed former president Donald Trump is about to find himself in a financial bind that could result in him having to either sell off most of the properties he owns or declare financial insolvency.

New York Attorney General Letitia James is seeking $250 million in fines for the fraud, and a judge will begin to hear arguments in the case Monday. Trump has said he will be present for the hearing, but his former personal attorney, Michael Cohen, doubts the Donald will actually appear in person.

Cohen also explained that Trump is cash poor, which will be a problem when the judge makes his ruling on financial penalties.

Appearing on MSNBC, Cohen told host Jen Psaki, “Knowing Donald the way that I do, I would say that there is less than a 20 percent chance that he actually shows up. What is he showing up for? To show, up and to watch, he is not being called tomorrow? He is going to sit and watch as the judge listens to testimony based upon how the evaluations were wrong, how the judge is going to determine the extent of the damage.”

Cohen then explained the $250 million figure is merely a starting point for the fines.

“There is a baseline here of $250 million. She does not believe that it will be less than $250 million. I suspect that it will be in excess of $600 million.”

In addition to the fines, there would be interest and penalties. And that’s where the numbers get really enormous.

For example, if the interest is 2% on $250 million, that would be $5 million annually. Now extrapolate that out over several years.

“So, tack on another five years for that. Compound it, you’re talking about another $30 -35 million. That’s just the interest penalty.”
“I mean, the numbers are really huge here,” he explained.

The end result would be that Trump’s assets would be divided to pay the fines, interest, and penalties. Buildings would be sold, as would other things — such as golf resorts, i.e. Mar-a-Lago — and the disgraced ex-president could soon find himself without a place to live.

Karma has finally arrived for Donald Trump, and it’s about to take one hell of a bite out of his fat ass.

Here’s Cohen on MSNBC:

 

Categories
Crime Donald Trump Espionage National Security Nukes WTF?!

Jack Smith Has Evidence Trump Shared Top Secret Nuclear Information With A Foreign National

After he left the White House and was residing at his Mar-a-Lago golf resort, multiply-indicted former president Donald Trump allegedly shared highly sensitive information about the U.S. nuclear submarine fleet with the resident of a foreign country, according to a disturbing report from ABC News that could have serious implications for American national security.

Months after leaving the White House, former President Donald Trump allegedly discussed potentially sensitive information about U.S. nuclear submarines with a member of his Mar-a-Lago Club — an Australian billionaire who then allegedly shared the information with scores of others, including more than a dozen foreign officials, several of his own employees, and a handful of journalists, according to sources familiar with the matter.

The potential disclosure was reported to special counsel Jack Smith’s team as they investigated Trump’s alleged hoarding of classified documents at Mar-a-Lago, the sources told ABC News. The information could shed further light on Trump’s handling of sensitive government secrets.

Prosecutors and FBI agents have at least twice this year interviewed the Mar-a-Lago member, Anthony Pratt, who runs U.S.-based Pratt Industries, one of the world’s largest packaging companies.

According to sources familiar with the matter, Pratt mentioned to Trump that he believed Australia should begin buying its submarines from the United States, which reportedly led the ex-president to divulge to vital piece of classified information: The number of warheads each U.S. sub carries and how close they can get to their Russian counterparts without being detected.

Such critical information would be invaluable to the Russian navy and the intelligence agencies of other U.S. adversaries because the information is closely held and never disclosed because doing so would dangerously jeopardize the entire American sub fleet.

Pratt then began to disseminate the information Trump told him, ABC News notes.

In emails and conversations after meeting with Trump, Pratt described Trump’s remarks to at least 45 others, including six journalists, 11 of his company’s employees, 10 Australian officials, and three former Australian prime ministers, the sources told ABC News.

While Pratt told investigators he couldn’t tell if what Trump said about U.S. submarines was real or just bluster, investigators nevertheless asked Pratt not to repeat the numbers that Trump allegedly told him, suggesting the information could be too sensitive to relay further, ABC News was told.

The former president faces decades behind bars for illegally removing and storing classified information in unsecured banker’s boxes at his Florida resort. He may also have disseminated or even sold some of the information in those documents to nations such as Russia and Saudi Arabia, both of which Trump has lavished with praise.

Can it be any clearer that Donald Trump need to be placed in custody until his trial has concluded? Every day he remains free he’s a clear and present danger to the national security of this country.

 

Categories
Crime Donald Trump Eric Trump

Whiny Eric Trump Complains NY Courtroom Where Fraud Trial Is Being Held ‘Smells’ – ‘It’s Disgusting’

Much like his father, Eric Trump is a whiny little weasel who is upset that the family’s company, the Trump Organization, is having to face penalties for their decades of alleged bank and tax fraud, probably because all of the Trump siblings know they’ll never be able to get a real job and are terrified of what happens once the grifting gravy train ends for them.

According to Newsweek, Eric was a guest on right-wing channel Newsmax Wednesday, and he began whining from the moment he started talking to host Carl Higbie, suggesting that the “smell” in the New York courtroom where the fraud trial is taking place just about made members of his family physically ill.

“The courthouse I was in today, it’s disgusting. It smells. You had cables running across all the walls. It’s a disgrace and the fact that that’s a representation of our legal system…” he said. “You see the same thing at airports. I mean how many times do you fly through an airport and you see acoustical airport tiles that are falling down, right?”

A few minutes later, Eric was asked about the government shutdown that was averted late last week, remarking:

“Do I think it was a mistake not shutting down the government? 100 percent. They should’ve. We are running a $2 trillion deficit and our bridges are falling down and our roads suck and our trains are antiquated, they are from the 1950s. You look at China where they are building these bullet trains that go 300 miles per hour, we are falling behind the rest of the world.”

The Trump family and the Trump Organization are facing up to $250 million in civil fines (which would likely be closer to $600 million with interest and penalties), a figure that could bankrupt the company and result in large portions of the Trump real estate holdings being sold off to cover the expenses.

Trump Org. is also banned from doing business in the state of New York, a penalty that’s the equivalent of a financial death penalty, which will be hard for the failed ex-president to explain to his followers considering that he’s been telling them for years he’s the best businessman on the planet.

 

Categories
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 Fox News GOP

MT Greene May Have Committed A Federal Crime With Comments She Made During An Interview

During an appearance on Fox “News,” Rep. Marjorie Taylor Greene (R-GA) made some comments that may come back haunt her in a major way if the Justice Department decides to investigate her for endangering U.S. national security.

Greene was a guest on Laura Ingraham’s show, HuffPost reports, when she began talking about classified document she viewed regarding President Joe Biden.

Greene said she read a document inside a SCIF ― a sensitive compartmented information facility ― related to bribery allegations Republicans have made against President Joe Biden but have yet to provide evidence for.

So far so good for Greene, but she should have stopped talking right then. She didn’t. Instead, she began describing the document.

Since the document was shown in a SCIF, that means the FBI considered it to be sensitive and not for public consumption.

Greene then made matters even worse with what she said and did next.

“This is a document that all of America should be able to see, but the FBI is stonewalling us and they would only let us see it in a SCIF,” she said. “Well what I did after reading the document is I made notes when I walked out and I went up to the table.”

Greene also held those notes up to the camera, where anyone could have gotten a screenshot of them.

“I wrote down everything that I had just read so that I could come out and tell the American people what I read,” she said.

If indeed the guilty almost always confess, it certainly seems that Marge did just that, and on national television, which raised more than a few eyebrows, beginning with Mark Zaid, an attorney who specializes in national security.

Others also suggested that Greene had just broken federal law, ironically for almost the same thing her lord and savior, Donald Trump, has been indicted for.