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

Federal Appeals Court Says Multimillion Dollar Fraud Suit Against The Trumps Will Proceed

An enormous class action lawsuit filed against former President Donald Trump and his three oldest children — Don Jr., Eric, and Ivanka — will move forward despite pleas from the Trumps that the case be allowed to go to arbitration.

According to Courthouse News, the Second Circuit Court of Appeals ruled Wednesday that the lawsuit, accuses the Trumps of running a pyramid scheme to hawk the services of American Communications Network, which allegedly ran a multilevel marketing scheme that bilked investors and never produced the financial returns it promised:

“Trump and three of his children — Donald Trump Jr., Eric Trump and Ivanka Trump — appeared from 2005 to 2015 in promotional television ads, at events and in magazines touting American Communications Network, a telecommunications company that offers business seminars and encourages enrollees to bring in new recruits.

“In a 2018 federal class action, four investors who said they lost hundreds or thousands of dollars investing with ACN sought damages from the then-first family and their corporate entity, the Trump Organization, saying they concealed that ACN paid them handsomely for their endorsements.”

Here’s how the scheme worked: ACN made investors pay $499 up front so they could register with the promise that they could then earn commissions by selling products at “motivational rallies.” At those rallies, family and friends were shown a DVD to encourage them to pony up money for their share of a massive payday promised in ACN’s promotional materials, many of which featured the Trumps encouraging people to pay money so the could reap the rewards, which never materialized.

In the lawsuit, investors reported they made back “less than 10%” of their initial investment.

Much like another illegal scheme, Trump University, the only people who made money in the ACN/Trump deal were the principals: ACN and the Trump family.

A class action judgement against the Trumps could put a massive dent in their bottom line at a time when the Trump Organization is reportedly hemorrhaging money and the former president is unable to lure investors to his struggling real estate business.

The Trump Organization is also under criminal indictment for engaging in tax fraud over the course of decades. Those indictments were handed down earlier this month.

Categories
Crime Donald Trump

The Donald’s Latest Disgusting Crime: Credit Card Fraud

When it comes to being a con man and grifter, Donald Trump has absolutely no shame. He’ll steal from anyone for a buck. Remember Trump University? That’s a prime example of Trump’s depravity when it comes to turning a buck.

The latest scam allegedly committed by Trump is credit card fraud, and the target was his own supporters, according to the New York Times:

“Donors typically said they intended to give once or twice and only later discovered on their bank statements and credit card bills that they were donating over and over again.”

Imagine it: You send a one-time donation and then your credit card is repeatedly billed for that same amount every month.

The Trump campaign’s nickname for the unscrupulous practice was the “money bomb,” and it drew the attention of banks such as Wells Fargo, with one fraud investigator for the financial giant remarking:

“It started to go absolutely wild. It just became a pattern.”

The end result was busted spending limits on credit cards and overdraft fees that contributors had to pay their bank simply because the Trump camp had made sure the payments recurred.

Could Trump and members of his 2020 campaign be facing fraud charges? Former White House prosecutor Jill Wine-Banks thinks so, noting during an appearance on MSNBC:

“He is facing so many civil and criminal charges right now that he’s going crazy trying to defend himself. He needs a full-time law firm, not a full-time lawyer, but he needs a full-time firm to handle all of the cases from the varying — from Georgia, from the Manhattan D.A., from the New York attorney general, from the District of Columbia, from the policemen who have sued. The New York courts ruled the defamation case can proceed, which means, by the way, that there will be under oath depositions, the president is going to have to testify, the former president, he has absolutely no way to evade any longer.”

Credit card fraud carries a penalty of up to 5 years in prison. Given that Trump is also facing decades behind bars on charges such as bank and tax fraud, that may not seem like a lot of time. But when you’re pushing 75, that could wind up being a life sentence for the failed, one-term former president.

Here’s Jill Wine-Banks on MSNBC:

 

Categories
Corruption Crime

Massive Lawsuit Accuses The Trump Family Of Fraud And Racketeering

In case anyone has forgotten, Donald Trump has a plethora of legal problems. Here’s a brief overview:

  • State prosecutors in New York have multiple ongoing criminal investigations into the Trump Organization and Trump inaugural committee.
  • Numerous women are suing Trump in connection with his sexual infidelity and fondness for engaging in sexual harassment and sexual assault.

And now, Trump and his three oldest children — Don Jr., Ivanka, and Eric — are being sued for fraud and racketeering.


A lawsuit has been filed in New York federal court, and it accuses the Trump family of:

“[Receiving] secret payments from three business entities in exchange for promoting them as legitimate opportunities, when in reality they were get-rich-quick schemes that harmed investors, many of whom were unsophisticated and struggling financially.”


The suit also depicts the Trump organization as:

“A racketeering enterprise that defrauded thousands of people.”

The lawsuit focuses on three business entities which the Trump Organization lent its name and so-called prestige to:

  • ACN, a telecommunications firm that gave Trump money in exchange for endorsing its products.
  • Trump Network, which sold the now defunct Trump Vitamins nutritional regimen.
  • Trump Institute, a Trump University-like entity that the lawsuit claims offered “extravagantly priced” real estate seminars.

Two attorneys filed the suit on behalf of four plaintiffs who are identified with pseudonyms such as Jane Doe, say their case is designed to pull the curtain back on the Trump Organization. Attorneys Roberta Kaplan and Andrew Celli Jr. noted that the lawsuit:

“Connects the dots at the Trump Organization and involves systematic fraud that spanned more than a decade, involved multiple Trump businesses and caused tremendous harm to thousands of hardworking Americans.”


This lawsuit could also provide an inside look at the inner workings of the Trump family business enterprise and serve to bolster a case of racketeering and fraud, both of which are believed to be under investigation by the Southern District of New York and New York attorney general.

As we’ve long suspected, the Trump family is nothing but a bunch of grifters, and it now appears their criminal behavior is about to be exposed for the world to see.

Categories
Crime The Trump Adminstration

Former Prosecutors Predict Ivanka Will Be Indicted For Financial Fraud In New York

Even though she serves as an adviser to her father — who just so happens to be president — Ivanka Trump has kept a relatively low profile since Donald Trump was elected. But it now appears that she’s about to be in the spotlight whether she likes it or not, and part of that attention may well be appearances in court.

Some background information is needed, and it was provided by ProPublica, which published a piece late last year entitled “Pump and Trump.” That incredible piece of investigative journalism revealed that Ivanka has repeatedly misrepresented the value of Trump properties over the years:

“In interviews and press conferences, Ivanka Trump gave false sales figures for projects in Mexico’s Baja California; Panama City, Panama; Toronto and New York’s SoHo neighborhood. These statements weren’t just the legendary Trump hype; they misled potential buyers about the viability of the developments.”


Not only are Ivanka’s actions unethical as hell, they’re also illegal and constitute criminal fraud. That kind of financial fraud can be charged under both federal and state law. And it will be, as former federal prosecutor Daniel Goldman told Law & Crime:

“If Ivanka knowingly and intentionally made false representations to investors that were material to the investors’ decision to invest in one of her real estate projects, then that is the crime of wire fraud (or, potentially, securities fraud, depending on what instrument the investment was). The knowledge and intent is what makes it criminal fraud.”


Another former federal prosecutor, Elizabeth de la Vega, concurred with Goldman, noting:

“A pattern of knowing false statements to real estate investors exposes perpetrators to multiple counts of bank, wire, and mail fraud, depending on the means used to convey the false statements. It’s likely that such a scheme may also involve money laundering. Defendants convicted of such frauds are also sentenced to pay restitution to any investors who have suffered provable losses.”


The attorney general for New York is the most likely to go after Ivanka since she resides in Manhattan when she’s not in Washington “working” for daddy. And her father has zero pardon power over state crimes.

The entire Trump family is nothing but a criminal enterprise.

Categories
Crime Donald Trump

Mary Trump Files Multimillion Dollar Lawsuit Accusing The Donald Of Massive Fraud

Mary Trump, the niece of President Donald Trump, has filed a multimillion dollar lawsuit against her uncle, President Donald Trump, alleging that he committed fraud in order to cheat her out of her share of the family fortune, according to The New York Times:

“The suit, filed in State Supreme Court in Manhattan, accused Mr. Trump, his sister Maryanne Trump Barry and their brother Robert Trump, who died in August, of fraud and civil conspiracy. It seeks to recover the millions of dollars Ms. Trump claims to have lost.

“In its first sentence, the lawsuit says that, for the Trumps, ‘fraud was not just the family business — it was a way of life.’ Beginning in the 1980s, the suit contends, the president and his siblings took control of the New York City real estate empire their father, Fred Trump Sr., had built and ‘exploited it to enrich themselves’ to the detriment of everyone around them.”


How did Donald and his siblings manage to cheat Mary and her family out of their inheritance? Allegedly by lying in documents they filed regarding the value of Fred Trump’s estate when he died.

Specifically, the lawsuit claims, the Trumps took advantage of the fact that Mary was 16 when Fred Sr. died and had only a passing knowledge of finance and business:

“The suit maintains (that) Ms. Trump’s aunt and uncles embarked on ‘a complex scheme’ to siphon money away from her by, among other things, taking ‘exorbitant management fees, consulting fees, and salaries’ from the companies she had a stake in and by issuing loans to themselves from businesses she controlled that ‘included no terms of repayment.'”

“At the same time, the suit contends, Mr. Trump and his siblings worked with a ‘friendly appraiser’ to ‘grossly understate the value of Mary’s interests,’ even as they ‘fostered the impression that everything was OK.'”


This isn’t the first time Mary Trump has sought to regain control of the money and property she says she’s entitled to. In 2000, she went to court to get her fair share of the estate, only to have Donald and his siblings “ratchet up the pressure” on her with threats:

“At Ms. Trump Barry’s suggestion, the suit contends, the family cut off health insurance payments to Ms. Trump and her brother — ‘an act of unfathomable cruelty,’ because one of Fred Trump III’s children had cerebral palsy and required round-the-clock nursing care.”


Though it’s unknown exactly how much the president and his sister might have to pay to Mary Trump, based on the estimated value of the president and his company, the Trump Organization, the total could be in the hundreds of millions. Having to hand that sort of money over to the woman who recently wrote a tell-all book about her uncle would be infuriating for the Donald.