Tag: New York

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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.

 

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
Donald Trump

Why Did Trump Suddenly Abandon His New York Fraud Trial? Mary Trump Explains

On Wednesday, failed former president Donald Trump acted like a petulant toddler and suddenly decided he would no longer attend the ongoing New York fraud trial that could cost him hundreds of millions of dollars in fines and penalties.

Business Insider reports:

“I’d rather be right now in Iowa,” Trump said in a parting shot to reporters at the start of the lunch break, midway through the trial’s first week.

“I’m stuck here because I have a corrupt attorney general who communicates with the Justice Department to keep me busy,” he said, leaving the third-floor courtroom, where the future of his real-estate empire is set to be decided over the next two to three months.

What prompted the disgraced one-term, twice-impeached ex-head of state to suddenly leave the proceedings after two days of scowling and threatening comments about the presiding judge?

According to the Donald’s niece, Mary Trump, it’s all about the embarrassment.

Writing on her Substack newsletter, she noted:

“He showed up in New York voluntarily because he knew how important this fraud trial is not only to his reputation but to the core of his own beliefs about who he is.”

“He left because he knew nothing he did—the pouting, the angry stares, the media hits—was working.”

“That plus the humiliation of falling off the Forbes 400 were too much for him to take.”

Trump had also said that he would testify at some point in the trial, though that seems highly unlikely. Even if he does, it’s likely he’ll cling to his Fifth Amendment privilege and refuse to say anything for fear it would open him up to even more charges.

Absolutely nothing is going well for Trump right now. He’s on the verge of being flat broke and possibly headed to prison. No wonder he doesn’t want to show his face in public.

 

Categories
Crime Donald Trump The Trump Organization

Trump’s Defense In Shambles After Judge Chastises His Attorney For Yelling At Him

An attorney for Donald Trump was chastised by the presiding judge today when she began yelling at the judge during the first day of testimony in the New York fraud trial against the failed ex-president and his company, the Trump Organization.

Attorney Alina Habba, who has already managed to screw up Trump’s defense by not marking a form to request a trial by jury (instead the case is being heard by Judge Arthur Engoron in a bench trial), was the guilty party when it came to raising her voice in response to Engoron.

New York Times reporter Susanne Craig said Monday on MSNBC that Habba attacked Judge Engoron for incorrectly valuing Mar-a-Lago at $18 million. The judge quickly set her straight.

“He said, hang on. I never said that. And he didn’t say it. His ruling that came down last week said that there have been valuations for property appraisal that put it at that price. It doesn’t mean it’s worth that. And I just found that that really struck me because that’s what Donald Trump and some of his lieutenants do. They say a lie and they repeat it over and over and over. And Eric Trump, the other night, was out tweeting about that valuation saying the same thing. And so the judge — there was a very heated back and forth and vocal back and forth between the two of them at the end of her remarks. And her audience was an audience of one. It was Donald Trump.”

That’s when Habba began yelling and was swatted down by the judge for that, too.

“She gets up and was very animated, was practically yelling to the point where, after she was done, the judge said to the next lawyer that came up to keep the volume down because it was so loud.

“And she was saying that Letitia James, she had run simply ‘to get Trump’ and this was just all about this vendetta that Letitia James has. And then she started in on repeating some of the claims that they’ve already gotten into trouble for.”

How do you know when you’re losing your case? When your lawyer gets smacked down by the judge because she can’t control herself in court.

 

Categories
Crime Donald Trump The Trump Organization

The Trump Organization Is About To Be ‘Dismantled’ As NY Fraud Trial Ramps Up: Report

Failed former president Donald Trump is about to watch as his family-held company is “dismantled” for allegedly committing years of “persistent fraud,” and what’s about to happen will likely be devastating to the disgraced ex-president who has often bragged about being a great businessman.

New York Supreme Court Judge Arthur Engoron ruled last week that Attorney General Letitia James has indeed proven Trump and the Trump Organization have engaged in fraud for years and will now determine exactly what financial penalties to impose, including as much as $250 million in fines.

According to former federal prosecutor Andrew Weissmann, Trump and his three oldest children, Don Jr., Ivanka, and Eric, can do little more than watch in horror.

“He claimed that his own personal residence in Trump Tower was 30,000 square feet – even the defense lawyers before this judge conceded that was wrong, and the judge is like, ‘How do you not know that it’s 10,000 feet?'” Weissmann asked Monday on MSNBC. “So, and then use that, as the court found, to defraud insurance companies and banks by saying he has more assets than he has, and that’s one of the reasons for facts like that which are just so plainly fictitious that the judge appointed a receiver. What that means is essentially the attorney general for New York is in change of protecting New Yorkers from what’s called persistent fraudsters, and that’s what the court found that Donald Trump and his companies and his sons are.”

Weissmann then explained what happens after Judge Engoron makes his next ruling:

“So the receiver gets to essentially make sure that he is not doing business in New York. You raised a really good question about whether that’s already a huge financial penalty and sanction, whether that also leads to banks and insurance companies basically pulling the plug or not financing anymore is going to be a big open question. There are already really significant consequences because this is where Donald Trump’s main businesses are. So a huge factor for him in terms of his companies, in terms of all sorts of business interests that he has here that he no longer will be in control of.”