Donald the Orange and Family Sued in NY

[ZiprHead]

Special monitor suggests Trump falsified disclosures over $48 million loan in what could be tax evasion, report says

A letter by a court-appointed monitor overseeing Donald Trump's business-fraud case indicated he may have engaged in tax evasion, The Daily Beast reported.

www.businessinsider.com

Tucked into a footnote in a letter written by former federal judge Barbara Jones, the court-appointed special monitor overseeing Donald Trump's New York business fraud case is a bombshell that appears to indicate the former president may have engaged in massive tax evasion, according to a new report released by The Daily Beast.

The letter, first reported by The Messenger, was delivered Friday to update Manhattan Supreme Court Justice Arthur Engoron on Jones' findings while reviewing the former president's business dealings through his company, the Trump Organization.
In it, Jones writes that the financial information filed to her by Trump's team has contained "incomplete" or "inconsistent" disclosures containing multiple "errors." However, she describes Trump and his businesses as "cooperative" with her investigation.
But buried in the sixth footnote of the 12-page letter is what the Daily Beast indicated is a clue that Trump may have evaded taxes on $48 million in income, with Jones writing that the massive sum — which Trump has claimed for years that he owes as a debt to one of his companies — never existed.

That makes him smart.

 

[T.G.G. Moogly]

Special monitor suggests Trump falsified disclosures over $48 million loan in what could be tax evasion, report says

A letter by a court-appointed monitor overseeing Donald Trump's business-fraud case indicated he may have engaged in tax evasion, The Daily Beast reported.

www.businessinsider.com

Tucked into a footnote in a letter written by former federal judge Barbara Jones, the court-appointed special monitor overseeing Donald Trump's New York business fraud case is a bombshell that appears to indicate the former president may have engaged in massive tax evasion, according to a new report released by The Daily Beast.

The letter, first reported by The Messenger, was delivered Friday to update Manhattan Supreme Court Justice Arthur Engoron on Jones' findings while reviewing the former president's business dealings through his company, the Trump Organization.
In it, Jones writes that the financial information filed to her by Trump's team has contained "incomplete" or "inconsistent" disclosures containing multiple "errors." However, she describes Trump and his businesses as "cooperative" with her investigation.
But buried in the sixth footnote of the 12-page letter is what the Daily Beast indicated is a clue that Trump may have evaded taxes on $48 million in income, with Jones writing that the massive sum — which Trump has claimed for years that he owes as a debt to one of his companies — never existed.

That makes him smart.

I was reading an article about this. As I understand it, Orange Asshole took out a loan. But then he somehow bought back the loan and started paying interest to himself. But there is no record that he ever in any way actually repaid the loan. It makes sense to assume that a deal was made with the lender so that orange Asshole didn't have to repay the loan. What was the nature of that deal" What exactly happened? It has a Stormy Daniels ring to it.

 

[Loren Pechtel]

Special monitor suggests Trump falsified disclosures over $48 million loan in what could be tax evasion, report says

A letter by a court-appointed monitor overseeing Donald Trump's business-fraud case indicated he may have engaged in tax evasion, The Daily Beast reported.

www.businessinsider.com

Tucked into a footnote in a letter written by former federal judge Barbara Jones, the court-appointed special monitor overseeing Donald Trump's New York business fraud case is a bombshell that appears to indicate the former president may have engaged in massive tax evasion, according to a new report released by The Daily Beast.

The letter, first reported by The Messenger, was delivered Friday to update Manhattan Supreme Court Justice Arthur Engoron on Jones' findings while reviewing the former president's business dealings through his company, the Trump Organization.
In it, Jones writes that the financial information filed to her by Trump's team has contained "incomplete" or "inconsistent" disclosures containing multiple "errors." However, she describes Trump and his businesses as "cooperative" with her investigation.
But buried in the sixth footnote of the 12-page letter is what the Daily Beast indicated is a clue that Trump may have evaded taxes on $48 million in income, with Jones writing that the massive sum — which Trump has claimed for years that he owes as a debt to one of his companies — never existed.

That makes him smart.

I was reading an article about this. As I understand it, Orange Asshole took out a loan. But then he somehow bought back the loan and started paying interest to himself. But there is no record that he ever in any way actually repaid the loan. It makes sense to assume that a deal was made with the lender so that orange Asshole didn't have to repay the loan. What was the nature of that deal" What exactly happened? It has a Stormy Daniels ring to it.

I haven't kept up with the dirty bookkeeping but I suspect that's basically what he's doing--reporting it as repayment rather than the income it truly is.

 

[Elixir]

355 million added to the tab for fraud in NY + 3year ban on doing business in the state.

Does this mean Jared is going to have to dip into The Fund?

 

[Cheerful Charlie]

Its been a very bad, no good, very rotten day for Trumpo the clown.
....
New York Judge Arthur Engoron has ordered Donald Trump pay more than $350 million in damages in the civil fraud lawsuit filed by state Attorney General Letitia James, court records show.
....

Trump hit by massive damages as fraud trial verdict issued

New York Judge Arthur Engoron has ordered Donald Trump pay more than $350 million in damages in the civil fraud lawsuit filed by state Attorney General Letitia James, court records show.The former president, his adult sons Eric Trump and Donald Trump Jr., and other top executives at the Trump...

www.rawstory.com

 

[ideologyhunter]

Almost HALF A BILLION since the start of the year!!! None of which a Presidency could undo. America's Problem Child will need a time out. I haven't seen him yet on TV, but I bet his combover is smoking. Eric, you'll need to start a paper route.

 

[Elixir]

I am really reticent to make a prediction based on a sudden, maybe passing gut feeling, but this really felt like the opening of a possible final episode of The Trump Show. The fragile ego isn't going to be able to take it, the constant begging is going to intensify (if that's even possible) while the anger and hatred continues to wear on people and around the edges of MAGA World, the disenchantment will grow. If they nominate him, I think he will lose. I thought he'd lose until the final week or so of the 2016 debacle too, so grain of salt but the feeling is intense. This is very very bad for America's Criminal.

Almost HALF A BILLION since the start of the year!!! None of which a Presidency could undo. America's Problem Child will need a time out. I haven't seen him yet on TV, but I bet his combover is smoking. Eric, you'll need to start a paper route.

This is all chump change for MBS. Less than a quarter of the cost of a high profile murder for him. It's just a matter of finding a way to funnel it appropriately... but even the combined might of MBS, Uncle Vlad, Loverboy Kim and the Chairman Xi can't restore The Trump Image. As has been and will be oft said hence,
"He wants to run the country and he isn't even allowed to run his own company in his native State; he can't so much as leave a tip without getting permission from his babysitters."

 

[Shadowy Man]

WITCH HUNT!

 

[T.G.G. Moogly]

Is anyone surprised by the judge's ruling? The interesting stuff starts now. Orange poopy pants is losing lots of friends - and money.

 

[Elixir]

WITCH HUNT!

Yeah - GOT 'IM!

 

[Copernicus]

He'll use his martyrdom to raise loads more money, but not enough to pay off the full amount. He and his family may need to dip into the offshore accounts. Right now, he is vacuuming up GOP campaign funds for the 2024 election, having managed to get his daughter-in-law put in charge of their money spigot. It's just that the big donors don't seem anxious to waste their money on a sinking ship right now, so Trump will have to fleece the MAGA sheep for all they are worth.

 

[Ford]

WITCH HUNT!

Yeah - GOT 'IM!

Well of course he's going to appeal, but IIRC he still has to come up with the money or secure a bond within 30 days. I'm gonna take a wild guess and say he doesn't have that much cash on hand, so the only route would be to get a bond. Who's gonna float him that bond? Because knowing Fragilego Mussolini, he's NOT good for it.

 

[Bronzeage]

WITCH HUNT!

Yeah - GOT 'IM!

Well of course he's going to appeal, but IIRC he still has to come up with the money or secure a bond within 30 days. I'm gonna take a wild guess and say he doesn't have that much cash on hand, so the only route would be to get a bond. Who's gonna float him that bond? Because knowing Fragilego Mussolini, he's NOT good for it.

Trump's immediate problem is he can't mortgage any of his properties, assuming he has one that's not already underwater, without asking the judge for permission.

 

[ZiprHead]

WITCH HUNT!

Yeah - GOT 'IM!

Well of course he's going to appeal, but IIRC he still has to come up with the money or secure a bond within 30 days. I'm gonna take a wild guess and say he doesn't have that much cash on hand, so the only route would be to get a bond. Who's gonna float him that bond? Because knowing Fragilego Mussolini, he's NOT good for it.

Trump's immediate problem is he can't mortgage any of his properties, assuming he has one that's not already underwater, without asking the judge for permission.

"We get everything we need from Russia."

 

[ideologyhunter]

He could call a conference of the families -- the Tattaglias, the Barzinis, the Cuneos, the Straccis -- and hold it in some glass-domed room in Atlantic City. If everyone chipped in with their ready assets, disaster could be averted.
In the meantime. we can all do our part. Click on the link below and you'll be directed to the Savethedon account on gofuckme. Any donation of $99 or more will be rewarded with a digital trading card of your favorite President or a set of Trump paper dolls. Your choice while they last. Highly collectible. We are expecting heavy volume on this site. If you try the link and it does not work, please try again.

(LINK)

 

[Elixir]

WITCH HUNT!

Yeah - GOT 'IM!

Well of course he's going to appeal, but IIRC he still has to come up with the money or secure a bond within 30 days. I'm gonna take a wild guess and say he doesn't have that much cash on hand, so the only route would be to get a bond. Who's gonna float him that bond? Because knowing Fragilego Mussolini, he's NOT good for it.

Trump's immediate problem is he can't mortgage any of his properties, assuming he has one that's not already underwater, without asking the judge for permission.

As I understand it he can barely take a shit without permission.

 

[Bronzeage]

WITCH HUNT!

Yeah - GOT 'IM!

Well of course he's going to appeal, but IIRC he still has to come up with the money or secure a bond within 30 days. I'm gonna take a wild guess and say he doesn't have that much cash on hand, so the only route would be to get a bond. Who's gonna float him that bond? Because knowing Fragilego Mussolini, he's NOT good for it.

Trump's immediate problem is he can't mortgage any of his properties, assuming he has one that's not already underwater, without asking the judge for permission.

"We get everything we need from Russia."

That is an interesting solution, but ultimately a tar pit. There are undoubtedly billions of Russian funds in Western banks, but most are frozen. There probably not enough Tide in the universe to launder enough unidentified Russian money to bail out Trump. The transfer would be quickly revealed and Trump's hope of dying a free man would die in a flaming crash.

On the practical level, Trump has no collateral except a promise of future considerations. Russians constantly exhibit a very poor understanding of US politics, so it's possible they may think Trump has some chance of reelection. After all, Putin expects to be reelected, so why not Trump as well.

On the other hand, the Russians might think spending a half billion or more to keep US politics paralyzed, money well spent.

 

[DeplorableInfidel]

Whether it’s civil or criminal, the elements of fraud require not just a “false” statement. It requires also that someone be deceived by the false statement. (And it must be a false statement not just an inaccurate or merely mistaken statement.). In short, there must be a victim.

In this AG Letitia James case against Trump, the plaintiff can point to no victim. There were no victims. The case was decided erroneously by the judge from the outset. Some folks may not like this but I’ll stand by it and await the outcome (not of the “trial”) of appellate process. I predict that the verdict and “judgment” are going to be nullified on appeal.

 

[Axulus]

Whether it’s civil or criminal, the elements of fraud require not just a “false” statement. It requires also that someone be deceived by the false statement. (And it must be a false statement not just an inaccurate or merely mistaken statement.). In short, there must be a victim.

In this AG Letitia James case against Trump, the plaintiff can point to no victim. There were no victims. The case was decided erroneously by the judge from the outset. Some folks may not like this but I’ll stand by it and await the outcome (not of the “trial”) of appellate process. I predict that the verdict and “judgment” are going to be nullified on appeal.

Lies you are lapping up from your Trumposphere, no surprise there as that is all they have these days:

Executive Law § 63(12) now reads as follows: Whenever any person shall engage in repeated fraudulent or illegal acts or otherwise demonstrate persistent fraud or illegality in the carrying on, conducting or transaction of business, the attorney general may apply… for an order enjoining the continuance of such business activity or of any fraudulent or illegal acts, directing restitution and damages and, in an appropriate case, cancelling any certificate filed under and by virtue of the provisions of section four hundred forty of the former penal law or section one hundred thirty of the general business law, and the court may award the relief applied for or so much thereof as it may deem proper. The word “fraud” or “fraudulent” as used herein shall include any device, scheme or artifice to defraud and any deception, misrepresentation, concealment, suppression, false pretense, false promise or unconscionable contractual provisions. The term “persistent fraud” or “illegality” as used herein shall include continuance or carrying on of any fraudulent or illegal act or conduct. The term “repeated” as used herein shall include repetition of any separate and distinct fraudulent or illegal act, or conduct which affects more than one person. Notwithstanding any law to the contrary, all monies recovered or obtained under this subdivision by a state agency or state official or employee acting in their official capacity shall be subject to subdivision eleven of section four of the state finance law.

Nothing about a "victim". But even then, ex-ante the banks were a defacto victim by agreeing to give a loan at more favorable terms than otherwise but for the fraudulent financial statements they were provided. They were subject to greater risk than they realized and got lower profits than they would've gotten had they had correct, nonfraudulent information. The interest amounts saved on these more favorable loan terms were ill gotten gains that have to be paid back for breaking this law regardless of whether there is a "victim".

 

[Axulus]

For those that claim Trump doesn't have the financial resources to cover these penalties or post the required bond for appeal, he can probably secure a bond using his Truth Social shares as collateral:

The SEC has cleared the merger of Trump Media & Technology Group (which owns Truth Social) and Digital World Acquisition Corp. (DWAC), a SPAC which plans to bring the company public. That could give Trump a sizable ownership stake in the company. Trump is set own roughly 79 million shares of the company, according to new SEC filings.

DWAC shares were trading for just over $49.50 on Friday morning, putting the value of that stake at roughly $4 billion. (Lock-up rules would prevent him from accessing any of that money until six months after the merger is complete.)

https://finance.yahoo.com/news/sec-greenlights-trump-truth-social-164327798.html

Interesting to note that "Biden's" SEC gave this approval. Where is the witch hunt Trumpists? This is why all you have are bullshit conspiracies as if Biden was directing these kind of things to spite Trump then this would not have been approved.