Tag: Trump crimes

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Crime Donald Trump Eric Trump The Trump Organization

WATCH Eric Trump Whine: ‘They’re Going To Start Seizing Assets!’

Eric Trump is absolutely terrified, and it shows.

Appearing Sunday morning on Fox News with host Maria Bartiromo, the son of failed one-term former president Donald Trump whined that insurance executives who refused to provide bonding for the $464 million owed by the Trump Organization for fraud was asked, “I’m trying to understand how this number came about, $454 million or $464 million, and what the real number is.”

“You know what? It was a crooked number. There are no victims. There is no number. The number should be zero.”

“This is extraordinary,” he continued. “No one’s ever seen a bond this size. Every single person, when I came to them saying, hey, can I get a half-billion-dollar bond?”

Sounds a lot like his old man, doesn’t he? No one’s ever seen a bond this size. Hard to tell if he’s bragging or complaining. Probably a bit of both, knowing the Trump family.

Eric then asserted that he and his father had been laughed at.

“Maria, they were laughing. They were laughing. Top executives of the largest surety companies had never seen anything of this size. And what, they’re going to start seizing assets if he can’t put up something that’s not available in the United States?”

Yes, Eric, that’s how it works. You’re found guilty of fraud, assessed a financial judgment, and if you can’t pay they start seizing your assets. Seems like a so-called “businessman” would understand that, but since the Trumps have always had everything handed to them on a silver platter, they don’t even know the basics of finance or the law.

Starting Monday, New York Attorney General Letitia James will indeed start seizing assets — bank accounts and properties owned by the Trumps — to satisfy the court’s ruling, which proves that Donald Trump has never been as rich as he claims to be. If he’s a billionaire, shouldn’t he have a half-billion sitting in his bank accounts? Earlier this week, he claimed he did, bragging on social media, “Through hard work, talent, and luck, I currently have almost five hundred million dollars in cash.”

Eric, meanwhile, is upset because he knows his old man is about to be broke and his inheritance will be little more than an already besmirched name.

Maybe the Trumps can beg Vladimir Putin for some bucks/rubles. Either that, or perhaps the Russian dictator can provide the Trumps with a dacha in Siberia.

Here’s the video of Eric’s pathetic whining:

Categories
Crime Donald Trump Uncategorized

Legal Expert: Tish James Is About To ‘Put A Padlock’ On Trump Tower

New York Attorney General Letitia James may “put a padlock” on Trump Tower and other properties owned by failed former president Donald Trump, according to former federal prosecutor Glenn Kirschner, and the ex-head of state could also find his assets frozen and seized by the Empire State.

On Monday, attorneys for Trump told a judge they have been unable to secure a financial bond from any of the 30 companies they contacted about floating the $464 million needed for an appeal of the massive civil judgment handed down last month for crimes ranging from bank fraud to falsifying business records.

And that, Kirschner explained during an appearance on MSNBC, is the worst possible news for Trump.

“It would look like Tish James, figuratively speaking, putting a big New York state padlock on Trump Tower, for example,” he said.

“How does she extract the value from it, does she put it on the market? Does the state actually take possession of it and convert it to a state-owned property? I think the devil’s in the details with respect to how she will actually go about extracting the value to satisfy the half-billion-dollar judgment.”

Kirschner also noted that while Trump has bragged about being worth billions of dollars, he clearly doesn’t have the assets he claims.

“He is now being asked to put up a bond to secure basically a half-a-billion-dollar judgment, which would represent about one-twenty-eighth of his entire assets as Donald Trump [and his lawyer Alina Habba] say.”

If the disgraced ex-president was actually worth billions, Kirschner continued, “I would think insurance companies and sureties would be beating down his door to do business with him.”

“So it feels like this is perhaps the next-to-last step on the road to Donald Trump’s financial demise,” Kirschner said. “Because as we’ve been discussing, New York Attorney General Letitia James said she will absolutely begin seizing his properties to satisfy this money judgment that has been entered against him.”

The video, courtesy of RealClear Politics, can be viewed at this link.

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Crime Donald Trump Elections National Security

Congressman Warns: Trump’s Inability To Post Bond In Fraud Case Makes Him A ‘Massive Security Risk’

Now that attorneys for failed one-term former president Donald Trump have revealed to the court that their client cannot post bond for the $464 million judgment imposed on him by a New York court in February, some are suggesting that the disgraced ex-head of state is now a serious security risk and could be for sale to the highest bidder.

According to CNN, Trump’s lawyers claim they approached dozens of bond underwriters who said they would not provide the necessary funding.

Trump’s attorneys said he has approached 30 underwriters to back the bond, which is due by the end of this month.

“The amount of the judgment, with interest, exceeds $464 million, and very few bonding companies will consider a bond of anything approaching that magnitude,” Trump’s lawyers wrote. (Trump himself was ordered to pay $454 million; the $464 million includes the disgorgement for his adult sons Don Jr. and Eric.)

An insurance broker, Gary Giulietti, who testified for Trump during the civil fraud trial, signed an affidavit stating that securing a bond in the full amount “is a practical impossibility.”

In the filing, Trump’s attorneys also argued, “The amount of the judgment, with interest, exceeds $464 million, and very few bonding companies will consider a bond of anything approaching that magnitude.”

And that, according to Rep. Sean Casten (D-IL), makes Donald Trump a serious threat to the national security of the United States.

On Twitter, Casten argued, “The presumptive @GOP nominee for President is desperate for $464M (and counting) which he cannot personally access. That fact alone makes him a massive national security risk; any foreign adversary seeking to buy a President knows the price.”

Casten then added other facts to bolster his case against Trump.

Ask yourself this question: Who has the most to gain (other than Trump and his family) if he’s elected in November?

If the nations of Russia and Saudi Arabia immediately came to mind, then you understand Congressman Casten’s concerns and why Trump should either be forced to divulge all of his financial information to voters or drop out of the presidential race. A man who has divided loyalties cannot be trusted with the most valuable secrets this country possesses.

Categories
Crime Donald Trump The Trump Organization

This Veiled Threat From Letitia James Is Causing Nightmares For Trump

As he and his attorneys continue to seek a delay in the payment of a $454 million civil fraud trial award to the state of New York, failed former president Donald Trump must have been shaken by comments made by the state’s Attorney General, Letitia James, according to “The Weekend” co-host Alicia Menendez.

During a segment this morning with former Justice Department official Mary McCord, Menedez played a video clip of James remarking,  “If he [Trump] does not have funds to pay off the judgment, then we will seek in judgment enforcement mechanism in court and we will ask the judge to seize his assets.”

James added, “We are prepared to make sure the judgment is paid to New Yorkers. Yes, I look at 40 Wall Street each and every day.”

40 Wall Street, it should be noted, is the address of Trump Tower, perhaps the most cherished property the disgraced ex-president owns.

That led Menendez to remark, “Two important pieces. Make sure the judgment is paid to New Yorkers because often one of the things you heard from Trump’s team is this is a victimless crime. So the idea that there are actually citizens who need to be repaid is one piece of this. And then the comment that must haunt Trump’s dreams now is, ‘Yes, I look at 40 Wall Street each and every day.'”

Donald Trump probably thinks he can continue to kick the proverbial can down the road when it comes to paying the millions he owes both the state of New York for fraud and writer E. Jean Carroll for defamation. But if he’s under the illusion that Letitia James will let him get away with that, he clearly hasn’t been paying attention.

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Crime Donald Trump

Attorney: Trump Will Probably Have To File For Bankruptcy Very Soon

Now that he’s on the hook for over $450 million in fines, failed former president Donald Trump is facing one of three options when it comes to raising the cash he needs: Sell properties, find a wealthy benefactor who will pay the tab for him, or wind up having to file bankruptcy.

That’s the bottom line, according to attorney and NBC legal analyst Lisa Rubin, who told MSNBC host Alex Wagner, “It could also prompt him to file for personal bankruptcy because, again, in this order, Donald Trump and the business entities that were found liable, are jointly and severally liable. That means that any one of them can be liable for the whole of the judgment attributed to them and that also means that Donald Trump can’t escape this just by plunging those business entities themselves into bankruptcy, because that would leave him individually on the hook for the totality of it.”

“The only way to escape it altogether would be to file for personal bankruptcy, which would place an automatic stay on further litigation, including judgment execution,” Rubin added.

Rubin also noted that Trump can’t borrow his way out of judgments against him because he’s also banned from obtaining loans from any financial institution chartered in New York.

The shame of filing personal bankruptcy would be the perfect karma for Donald Trump.