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

Trump And His Sons May Soon Be Facing Federal Tax Charges From The IRS

Having been found guilty of bank and tax fraud and fined $355 million by New York Judge Arthur Engoron on Friday, 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 on Saturday 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 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

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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Abuse of Women Donald Trump The Trump Organization

Mary Trump: NY Fraud Trial Angers Donald So Much Because It Proves He’s An ‘Entitled Loser’

Failed one-term, twice-impeached and multiply-indicted former president Donald Trump has been acting like a horse’s ass during the ongoing New York fraud trial because all of his darkest business secrets are being exposed and the world is finding out he’s a loser, according to his niece, Dr. Mary Trump.

Dr. Trump was a guest on “Deadline: White House,” and she explained to host Nicolle Wallace exactly why the disgraced ex-president is so enraged by the fraud case brought against him by New York Attorney General Letitia James.

“It is so telling, and I think people really need to understand just how this case gets to the heart of who Donald thinks he is and has been pretending to be for his entire adult life. He doesn’t mind that he is going to be on trial for heading up a corrupt organization or stealing government documents or inciting an insurrection because that gives him street cred with his base.”

Now, however, thanks to the fraud lawsuit, Donald’s lies about being a great businessman have come back to bite him, Dr. Trump added.

“But this is happening in a much more public way because Donald is actually there, which just goes to how extraordinarily important it is for him to try to spin this case away from the truth, which is that he is an entitled loser who did nothing but waste his father’s fortune.”

All of the lies, Dr. Trump noted, are meant to hide who Donald Trump really is.

“I think the simplest way to put it is this: Every lie he’s told, every ounce of psychic energy he’s spent over the decades has been in the service of protecting him from the truth about who he is. And the closer he gets to being confronted with that truth, the more dangerous he is going to get, the more out of control he is going to get. Yes, we saw some fireworks in the courtroom, but that was a mere prelude to what we can expect, especially if, hopefully, he loses in 2024.”