Tag: The Trump Organization

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Corruption Crime Donald Trump Donald Trump Jr. WTF?!

Latest Trump Family Defense: We’re Only Accused Of Stealing $3.5 Million

After Manhattan District Attorney Cyrus Vance Jr. indicted the Trump Organization and its Chief Financial Officer, Allen Weisselberg, members of the Trump family were making a full-court press on right-wing media to try and downplay the seriousness of the charges against their company.

On Fox News, Eric Trump — who has the title of Executive Vice President of Trump Org. — sounded outraged that prosecutors would dare to indict anyone for such a paltry sum of money:

“Crime is rampant, people are leaving the city in record numbers, it’s dirty, it’s disgusting — New York is no longer what it is. And they have an entire district attorney’s office and attorney general’s office that’s focused on $3.5 million to take down a political opponent?

“I mean, this is what they do, this is New York state for you. This is worse than a banana republic. “It’s truly horrible.”

Eric also made an appearance on Newsmax, where he seemed to suggest that he and his family were so “clean” that to indict their family business was just flat-out wrong:

“We’ve always led amazingly clean lives and believe me if they could have, they already would of right? That’s what they wanted, that was their own goal.”

And then he pivoted to Hunter Biden:

“The difference is that I’m not Hunter Biden. I’m not selling paintings to undisclosed people for a half a million dollars apiece. I’m not doing drugs in shady hotels. I’m not going out and soliciting prostitution and I’m not going out and selling influence to Ukraine and China and having lavish trips paid for while my father’s commander in chief, no I’m not doing that.”

Nifty whataboutism, huh?

Don Jr. also joined the obfuscation parade, according to HuffPost:

“‘But the Manhattan district attorney’s charges were ‘the political persecution of a political enemy,’ Donald Trump Jr. declared on Fox News.

“It was ‘no different’ to Russian President Vladimir Putin’s treatment of opposition leader Alexei Navalny.”

https://twitter.com/JanNWolfe/status/1410748227029069832?s=20

Alexi Navalny was poisoned with nerve gas and is currently serving time in a Russian gulag. Yeah, that’s totally the same thing as what the Trump family is going through.

Puh-lease!

However, it is interesting to noted that Junior referenced a Russian opposition leader. Seems Russia is never far from the mind of any Trump. That must be part of the deal they made with Putin: To talk about the Kremlin as often as possible in exchange for lots of money.

When you’re defense is “But we only stole a few million,” you know you’re screwed. And it couldn’t possibly happen to more deserving grifters.

 

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Crime Donald Trump

Massive 15-Count Indictment Spells The Beginning Of The End For The Trump Organization

Even though indictments against the Trump Organization had been expected for some time, the sweep of charges that were filed against the former president’s company on Thursday afternoon make it clear that Trump Org. has been a den of criminal activity for a decade and a half, with some of the charges going back as far as 2005.

The Washington Post notes that the indictment was extremely detailed and damning:

“In all, 15 criminal charges were filed against (Trump Org. chief financial officer Allen) Weisselberg, according to a copy of the indictment obtained by The Washington Post. They included counts of conspiracy, criminal tax fraud and falsifying business records.”

‘The Kitchen Sink’

Shortly after the indictments were announced, MSNBC legal analyst Ari Melber explained the danger to both Trump and the company that bears his name:

“They have thrown the kitchen sink at the Trump Organization and Allen Weisselberg. This is very bad news for the Trump Organization because the D.A. has taken an aggressive tact indicting, the entire Trump Organization, in references to the payroll company and others. So, if you were the company hoping to pin this on the employee or get out of it, as far as the D.A. is concerned, game over there — they’re going after the whole company.”

Melber also noted that the sweep of the indictment is staggering:

“Highlight number two, there are 15 counts here. Now we have 15 counts, including larceny, tax fraud, false statements, filing false instruments, falsifying business records. They are taking, what the D.A. argues was a conspiracy to intentionally and habitually defraud the government, steal money and pay people off the books. That is the language of the indictment. They’re alleging that went on for 15 years.”

Racketeering Charges Coming?

Such a large indictment also suggests that Manhattan District Attorney Cyrus Vance Jr. is planning to go after the Trump Organization by using New York state racketeering charges, which would spell the death of the former president’s corporation. That possibility was first reported in May by Politico:

“Manhattan District Attorney Cy Vance could be considering a criminal charge that former President Donald Trump’s business empire was a corrupt enterprise under a New York law resembling the federal racketeering statute known as RICO, former prosecutors and defense attorneys said.

“New York’s enterprise corruption statute — which carries the potential for severe penalties — can be applied to money-making businesses alleged to have repeatedly engaged in criminal activity as a way to boost their bottom line.”

It’s also important to keep in mind that this is merely the first salvo from Vance and New York Attorney General Letitia James, who is also closing in on Trump, members of his family, and the Trump Organization. By the time the charges have all been filed, don’t be surprised if the failed, one-term former president is flat broke and in jail.

Justice has finally arrived for Donald Trump.

 

Categories
Crime Donald Trump

Legal Experts: Upcoming ‘Crime-A-Thon’ Charges Will Bankrupt Trump And ‘Topple’ His Company

Earlier today, we learned that the Trump Organization “will be criminally charged” by this time next week, according to reports from the New York Times and NBC News.

In their report, NBC News noted:

“The Trump Organization is expected to be hit with criminal charges as soon as next week by Manhattan District Attorney Cy Vance’s office in a case that Trump attorneys say is tied to tax-related conduct, multiple people familiar with the matter tell NBC News.

“’It looks like they are going to come down with charges against the company, and that is completely outrageous,” Ron Fischetti, an attorney for the Trumps, said after the development was first reported by The New York Times.

“‘I’ve been practicing for over 50 years, and I’ve never seen a case like this.'”

If indeed the former president’s corporation — which is privately owned and controlled by him and his three eldest children, Don Jr., Eric, and Ivanka — winds up being charged with crimes such as bank and insurance, and tax fraud, it could prove disastrous for the Trumps and the company itself, which is reportedly on the edge of financial collapse.

Shortly after the news broke about the pending indictments, several experts weighed in on the matter.

Trump biographer Tim O’Brien said news that the Trump Organization will be charged is significant:

David Corn, the DC bureau chief of Mother Jones, noted the irony of Trump being destroyed for failing to pay his taxes is indeed rich considering the blood on his hands:

And NBC legal analyst Ari Melber predicted that criminal charges will bankrupt Trump and destroy his company:

No matter how you slice it, it certainly looks like karma is coming for Donald Trump, his family, and his allegedly corrupt corporation. It’s about damn time.

 

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Business Donald Trump Money

Trump Reportedly Desperate For ‘A Lot Of Cash’ And On The Verge Of Defaulting On His Loans

Donald Trump is on the verge of losing everything he owns, as banks are calling in his massive loans and threatening him with seizure of his assets (i.e. properties and bank accounts) unless he starts paying back what he owes them, which is estimated to be anywhere from $420 million to $1 billion.

 

Dean Enrich, financial investigative reporter for the New York Times, said recently on MSNBC that Trump is desperately trying to find way to make “a lot of cash quickly” to keep the wolves at bay:

“There are both civil and criminal and congressional investigations that are still seeking after years of trying to get Trump’s financial records from Deutsche Bank and, you know, it’s anyone’s guess what that is going to show. We know at Deutsche Bank, though, there were employers who raised money laundering concerns in both the Trump and [Jared] Kushner accounts. We still don’t have the full story about what happened there.”

MSNBC host Alex Witt asked Enrich:

“I trust you will get to the bottom of that, Let me ask you, though, is this just the beginning? How many more banks or financial institutions have relationships with Donald Trump and what’s the impact on his finances of this?”

Enrich responded:

“I think it’s a very serious financial impact for him. He has hundreds of millions of dollars of debt coming due in the next few years, most of it to Deutsche Bank, but not all of it. And normally, a borrower would go to the lender and say, ‘can we refinance the loan, extend it a few years?’ That’s not going to be an option for Trump with most of these loans.”

 

Things are so bad, Enrich added, that Trump is on the precipice of financial default, and that would be catastrophic because some of his largest lenders plan to go after his assets and grab them to compensate for lack of repayment:

“He’s going to need to come up with a lot of cash quickly or he’s going to be at risk of defaulting. In the case of Deutsche Bank, if he defaults, the bank has recourse to his personal assets. They could go to court to seize his property or the money he has in various banking accounts. So he’s going to need to come up with cash very quickly and his businesses right now are struggling, so it’s very unclear to me where he might be able to get that money.”

How will Trump raise hundreds of millions of dollars in a short amount of time? His name and brand are so toxic thanks to his deeds over the past few years that no one wants to do business with him. He, his family, and his company are also facing numerous legal threats in multiple jurisdictions.

Karma is starting to take one hell of a bite out of the Donald.

 

Categories
Crime Donald Trump

Former Watergate Prosecutor Reveals What Will ‘Wipe Out’ The Trump Organization

Even though he faces at least 10 civil lawsuits (E. Jean Carroll’s defamation lawsuit, Summer Zervos defamation suit, Mary Trump’s fraud lawsuit, etc.) a former White House prosecutor says it won’t be any of those actions that will leave the Trump Organization bankrupt.

Jill Wine-Banks appeared on MSNBC and noted that while any of the 10 civil suits could result in multi-million dollar settlements, they won’t be what eventually bankrupts Trump and his company:

“His popularity has diminished greatly. His properties are of less value now. Many buildings are taking the name Trump off of them because it is a deterrent to people, either playing golf at his golf courses or a deterrent to people buying condos in his buildings. So, it will hurt his bottom line both in terms of penalties — think about how many millions he may owe the federal government on the long-festering audit that he said was the reason he couldn’t turn over his financial records. Think about the bank loans that we know are coming due, and his income has gone down as best everybody can tell from all the reporting.”

Those bank loans, Wine-banks continued, are an enormous threat to Trump’s financial bottom line:

“So, where is he going to get the money to pay back those loans, and now a lot of banks will simply not lend to him anymore. So, how is he going to change the source of income to pay back the original lender with new lenders? So, it could totally wipe out the Trump Organization. There are some questions about some fraud in real estate and in defrauding people who bought condos. All of that mounts up, and eventually, the money runs out. So, he should be worried not just about whether he will be charged with a crime and whether a jury will convict him, but with being bankrupted.”

One of those loans is from Deutsche Bank, and it totals $340 million. The German bank has cut its ties to Trump and has also hinted it will seize the former president’s assets if he cannot come up with the millions he owes.

Business is way down at Trump properties, thanks in part to COVID fears and because the Trump name is now poison due to his failures as president.

The Trump Organization is hanging by a thread financially. And in the next few months we could see it collapse completely.

Here’s the video from MSNBC: