The Trump Organization and the Trump family is in the middle of a huge quagmire. As the accounting firm Mazars have dropped some knowledge on the financial practices of the business in question. If you think this is bad, well… this is in the lane of Bernie Madoff and Arthur Anderson’s own practice, which also became a court case and several of felonies on both parties.
Mazars will not be able to run away from this legal case. The Attorney General of New York is still building their case and looking into the financial records of the Trump Organization. The Trump Organization can now be questioned for a decade of financial statements and usage of these in various of operations.
Because these documents can be inflated in one way to sell and get more revenue from creditors who the Trump Organization got loans from or scaled back when paying taxes to the State of New York. Therefore, there is possible wire-fraud, tax-fraud and other similar criminal conspiracies to pin on the company. Which at this point of time wouldn’t be shocking.
What should also happen now as the investigations are going on. The creditors and the ones covering the liquidity of the Trump Organization should be worried about the assets and the real value of the company. Since Mazars are saying the financial statements are unreliable. That means the Trump Organization could have lied about the profitability or the value of any enterprise, LLC or even properties of which in the hands of the company.
That Mazars stops vouching for the company and the former first family. Really signals that things are dire and not in good place. That the accounting practices and the state of the business isn’t in a great place. The Trump Organization has to get a new accounting firm and prove their numbers there. While Mazars has to answer for the ten-years it says is unreliable and not trustworthy. That says something they we’re accepting for years, but now says is wrong.
They are all in dire distress here. The same way things went wrong for the pyramid-scheme of Bernie Madoff and accounting firm Arthur Anderson. Who had to answer for these practices and lack of proper accounting from them. While they where grifting from all of their clients.
Now in 2022 we can now see the Mazars and Trump Organization have to answer for this. The Attorney General have to continue the investigation and discovery of documents into the companies. As the truth has to come out and we will know. However, the Trump Organization is in trouble.
As they have to carry huge debts, which is of unknown amounts of million dollars and that has to restructured. While he has secure his assets and possible salvage of the company, which can destroy the reputation of the company further. Now, we just have to see if the banks or the creditors accepts the financial statements. That we will see in the close future and how things are going.
Because, money talks and bullshit runs a marathon. Peace.
“Reportedly coined in 1939, the term white-collar crime is now synonymous with the full range of frauds committed by business and government professionals. These crimes are characterized by deceit, concealment, or violation of trust and are not dependent on the application or threat of physical force or violence. The motivation behind these crimes is financial—to obtain or avoid losing money, property, or services or to secure a personal or business advantage” (Federal Bureau of Investigation – White-collar Crime).
The House Committee on Oversight and Reform have looked into documents from the General Services Administration (GSA) detailing the lease of the Old Post Office Building in Washington D.C., which has been made into a Trump Hotel. The documents and financial transgressions is now blown a lid off.
That’s why the Former President Donald J. Trump came out with a statement that the Republican’s should vote in 2022 (midterms) and 2024, because the 2020 election wasn’t rectified or overturned as he wanted. This is what created buzz and headlines… while the financial crimes of the Trump Organization in concern to this hotel was becoming secondary.
Trump and his companies withheld information of a loan from Deutsche Bank, which in 2018 gave him a $170 million loan. While he was in office, the hotel earned $150 million and out of that he received $3.7 Million from Foreign Governments. He also concealed $70 Million in Net Losses. In addition, he concealed other debts with other properties as he was bidding for the Old Post Office Building. He hid this information of $1.1 billion of debt in 2009/10 in the financial documents when he applied to the GSA in 2011.
All of these things can be seen as corporate fraud, which is White-Collar Crime and he has also possibly violated the Foreign Emoluments Clause with the “donations” or millions of dollars from Foreign Government to the Trump Hotel. All of these things should be investigated directly and the Department of Justice should takeover from the House Committee on Oversight and Reform. So, that this can a discovery and subpoenaed further.
We are seeing the will to hide, deceive and lie to entities to get profits. The conceal the facts and get beneficial treatment. While also ensuring illegal means to get the ability to rent and run an hotel while being in office. The Trump Hotel at the Old Post Office needs a serious investigation and possibly more deals done by the Trump Organizations. Since this is just one of plenty and now that his not in office. The state, the committees and state attorney generals can push these cases. That is needed. Because, it has been proven in the past of transgression and illegal activity done by Trump.
That’s why Trump isn’t allowed to run a charity or a foundation. Neither, the former President was charged and had to pay fines for his fake Trump University too. Therefore, expect more to come and more cases to possibly happen. This just shows what his willing to do and using the Presidential term to earn more money. Peace.
For a President of the calibre of Donald J. Trump. He does not deserve pardon, neither is it righteous. To all the folks he has hurt in his time in office. The way the Trump Administration has operated and worked. It is only right that the head of that government acts accountable. For a man who has stifled any investigation and used the office to get away from prosecution.
Trump has stopped the Congress in their investigations, blocked witnesses and avoided to release documents and testify. The man knows his in the wrong. The White House has breached the Hatch Act so many times. The White House has used foreign policy to earn profits for the Trump Organization. The Trump estates and hotels has been places of trading policies over a secret meeting. While profiting on the business and the deals being made.
This President have issued harsh treatment of civilians, asylum-seekers and minorities. The President have shown no remorse and no concern in putting kids in cages and separating families. This man has had no issues breaching international law and human rights violations. Stop the ICC from investigating practices in Afghanistan. A President dropping bombs all the time in Somalia with no oversight.
Trump needs to answer for sins. The criminal activity, the ones where he has conspired with foreign entities and foreign operatives to ensure victory. The man needs to answer the usage of the office for own personal gains. That is necessary by all accounts. Unless, the US is fine with a open corruption and heist within the oval office. That is all up to them.
This man didn’t care if he traded Syrian bases and the Kurdish allies over a business deal in Turkey. That is what this President does and did it willingly. Giving his Trump Organization funding, while selling the stakes of American army abroad. That is what he has done. This is why he has a failed coup in Venezuela on his hands too. Where he even invited the wanted man on the throne at the State of the Union speech. This is how blatant the man operated.
Trump needs to answer for his misgivings, his lack of action and response to the COVID-19 and Coronavirus. There are so many cases and so many times he could have saved lives, but didn’t act. As the Commander-in-Chief. He could have sheltered more lives, but they weren’t important to him. If they were? He would have used enough of his power to install more Supreme Court justices. Because, he had the energy to do that…
Donald J. Trump needs to answer for his activity. Every action made during his tenure. The ill-will and the breaches of trust. The misuse of office and the corrupt activities done in broad daylight. As he was willing to trade the White House and Congress for some sweet dollars. That was his game. At the same time galvanise his supporters with White Supremacy and racist policies, which needs to be addressed now. Because, some of them will be a brunt on families for generations. Where the kids and parents are lost from each other and cannot live life together. That is all because of what Trump ordered and did.
As President, he was responsible for this. That is his legacy of how he treated people. How a President picked business interests over people’s security to have heath care insurance. That is the sort of man he is. If he has a heart? It is either for money or maybe Ivanka. The rest can sail their own boat. The people is useful to cheer him up, but can drown for all he cares. He wants titles and glories.
He can send the army and brutalize citizens for doing their legal duty of demonstrating. The man can use his office to dismantle and destroy people’s lives, because there is a buck for him in the end. That is the legacy of Trump. He is willing to trade lives over profit. Use foreign operatives to win elections and obstruct justice to overcome litigations.
This is why he needs to answer in the Courts of Law. That is why he needs to spend time to address petitions and cases pending. Why he needs to address the possible tax evasion, wire-fraud and whatever else awaiting him in the courts. Plus a possible of other investigations happening after his time in office. Because, that would be healthy and this time around he cannot block witnesses from testifying. Which he has done deliberately while he was in office.
President Trump doesn’t deserve to pardoned. If he gets pardoned, then you have forgotten about the kids in cages and the Zero Tolerance Policy. A policy he accepted and vouched for. Where he gave no mercy to asylum seekers. The same no mercy he deserves, as he enters the Courts of Law. That is justified and this man doesn’t deserve a bargain. He acted with haste to put other people’s lives in danger. It is time that he answers for that and also pays the price for doing so. Peace.
Without a shadow of a doubt the Democratic Party Presidential Candidate and now President-Elect Joe Biden has won the Presidential Election in 2020. This means that the United States will have another President, than Donald J. Trump from January 2021. Therefore, the man is now in shambles and shock. That’s why is erratic behaviour been worse sine the trickling in of results is not going his way. We can now see that his fall will be brutal.
It isn’t without a reason that he was impeached not to long ago. Secondly, that so many people around him was investigated, charged and indicted. The Trump Campaign of 2016 was filled with people who breached law and was convicted felons for doing so. That’s why the President cannot use a few more technicalities when his time in office is over.
Donald Trump doesn’t have the leverage of the Presidential Office. Which he and his close associates have used at a high rate. The Trump Organizations and the family members has used the Presidency to ensure deals, licences and other agreements to gain millions of dollars. The White House and the Trump Administration have also boosted the other family members and their possible trade agreements too. Even using foreign policy as a trading point to get millions siphoned into the Trump Organization. Therefore, the President loses a vital part of his business strategy. However, I am calling this piece losing leverage.
Trump has less of leverage to pay of loans, fines and litigation costs. The President has to answer to cases pending and awaiting. As the Trump Organization and other connected business are looked into.
Donald Trump is losing not only leverage to salvage his companies and cough up dough to failing businesses. He is losing the “Executive Privilege” which he has used exponentially. That he has used to block people from testifying and also said as President he would be to busy to participate in cases he was involved in. Still, he would have time to visit his estates and golf courses, but not had the time … to answer these cases.
So without leverage and executive privilege the Donald J. Trump will not be as powerful as his been the last four years. He has thwarted things, stifled and let things pending. If the Washington D.C. wants the stench of corruption, international interference and possible breaches of criminal codes done by associates of the President. They should get involved, investigate and get the truth all out. Because, there been enough of shady actions made, which has benefited the President and his allies. These has earned fortunes on using the state as cash-cow. That cannot just be brushed under rug. Now that his not President anymore. He needs to answer to this.
Especially, since he got no Executive Privilege and Leverage to linger on. He has gotten away with it for years. However, now the Tax Returns can be released. The Trump Organization and their businesses can be exposed. This is why they are struggling to cope with the new reality. Because, they have no way to save it.
Now, there is time to unravel it all. The most corrupt President in a long time. The one making Harding look like saint. The man proving that you can actually put the White House sale and trade bargains with everyone. As long as he gets a cut. That is the man that President Trump was and is. A man who has to answer for all of this. Time will tell and we can only smell the coffee. Peace.
White AmeriKKKa is clearly not enough for the incumbent President Donald J. Trump. Who is slowly losing to challenger Joe Biden. The ruling party and the ones who had all houses in Congress. Are now soon only left with the Senate. They had all branches of government, but because of unpopularity. He has lost everything except one.
Yes, the judiciary is changed by all the judges, which has been appointed with haste from the Supreme Court down to lower courts in the states. The President have worked on overtime with the legislators to push it through the House of Representatives and the Senate. That is why the Republicans are fearing what is happening.
Their autocrat, big-man in office is losing. Little by little … his losing to Biden. It is just a few more delegates to the Electoral College before the Presidency is lost. Instead of being the Commander-in-Chief dropping bombs over Baghdad and Somalia. He will go back to struggling debts, losing relevancy, court cases and investigations into his firms. Therefore, the President is not only losing office, but his leverage.
That is why his so erratic, the old man knows this. His racist behaviour and lack of moral judgement haven’t saved him. It has galvanized his supporters, but haven’t covered all bases. The party have gotten more than the White voters, but that is key to his political base. This is why Proud Boys, KKK and other violent right-wing radical groups are behind the President. These together with evangelical Christians, because he served their mission on their conservative causes.
Still, that isn’t enough to save him. The deliberate acts of Trumpism. The Muslim Ban, Border-wall and the tax-breaks for the rich isn’t enough. The President cannot save his office. He has lost in the battle with a pandemic. The incompetence of this administration in combination of nepotism and graft in office haven’t served him well in public.
It’s been four dark years and it’s not yet over. The President have been more pre-occupied with his own narcissist needs, than actually governing. He has spent so much time on his properties. That nearly one third of the time he played golf or was living lavish on the public’s dime.
Trump could order the army on the streets to stop Black Lives Matters protests, but was cheering on right-wing militias taking over the Capitol of Michigan. Even not speaking ill of the ones who was planning to kidnap the Governor of Michigan and such. Because, that is going against his own radical right-wing base. This why Qanon and others are also keen followers of the President.
The President gave the Alt-Right and the Confederacy a voice. Instead of debunking and dismissing it. Trump thrived on it and coined himself by these folks. So, even if his losing. This part of AmeriKKKa will not go away after being so prominent and even having a messenger in the White House. The President gave them a voice by appointing Stephen Bannon and Stephen Miller who are the likes who has worked for these values.
A man who wants to use legal means against his opposition. Use the Department of Justice to detain and make cases against his opponents. A man who has no trouble using force against demonstrators. A man who praised dictators, but spoke ill of democratic elected leaders across the world.
Trump is the strong-man, who never was strong, but weak. He could be brash and macho, but go into hiding if he was pushed. The President wanted internal conflict and easily fired staff. He didn’t build, but was working hard to destroy. Create uncertainty and misuse his office. This is why the things that made it possible. Is also the reasons why his losing. Instead of creating things, he was busy destroying. He hopes that he had destroyed faith in the system and working to undermine the election system.
Trump is a losing autocrat. Who couldn’t hold power. That is the betterment of society, but he has opened can of worms you cannot get back into the box. The President have left a scar and wounds, which needs time to heal. That is up the to the public to either steer this way or neglect it. The truth is that society and the state needs to reflect on the values he ushered into power. Using the means of office to get them to upper echelon. Weaponize usage of asylum and seeking refuge, also the way he addressed immigrants. That got to be addressed and fixed.
Trump wanted to be a dictator and earn the spoils of office without working for it. Now, his losing it all and his legacy will remain. Trumpism will remain as a factor. What he exposed and delivered in office will not be gone over night. The US government and policies have to be altered and will take time. There is always hope…
Trump is now a lame duck until Biden is sworn-in. We can wonder how he will act and do. What we do know. He would love to reign for life, but the public have kicked him out. Peace.
I know, the world is a crazy place in 2020. Where the soon up-coming elections is happening in November 2020. This is vital and important. Not only for the American public, but for the stakeholders of the Trump Organization and President Donald J. Trump.
The expose of the amounts of debt circulating in the Trump Organization is the overshadow of his campaign. Trump will have mature loans, which needs to be paid, because they are due on several of properties and other personal loans too. This is maybe why he has coined himself the King of Debt.
Not, only has he not to profitable business, estates and golf courses. However, the President has earned the most on licensing deals and not on real estate. That has been the reality of the business deals of late. This being both abroad and elsewhere. That the Trump Organization has earned millions of dollars on these transactions and deals.
The Trump Organization have had big payments from foreign dignitaries and companies happening because of the Presidents office. Since, he has the political office and has been the Head of State. This has made people live in his Hotel in Washington D.C. and used his other properties. Become tenants on his properties and possibly pay an overprice to be in the good graces.
This is a sort of sale of the White House and the Presidency. Because, the President and his business needs spenders to run. To be able to get through and have enough funds to operate.
It is bad enough that a supposed billionaire and a wealthy person on Manhattan, New York have paid nickel and dimes in taxes over the years. That he has possibly given one audit to the IRS and another to investors. This is to trick the numbers to ensure the best outcome at any given day. Instead of giving the real numbers and true value of the business at any given time.
If the loans and the debts are so bad as the media states. Then his “empire” and his businesses needs leverage to get through. He needs something to bargain the creditors and get other investors to bail him out. He cannot live on a prayer and hope his other family members hit a strike of gold. Since, they are leeching on to the business and continuing the enterprise. Just like he did. They are all moochers of this system and enlarging their names by being connected to it.
Therefore, the only way he can save this by date and by the maturity of the loans. To seal the debt and have a positive outcome. Is to actually get foreigners to bail him out and give them favourable policies. Trade foreign policies for deals, which enrich the President and saves his fledging company.
That makes sense and seems like a enterprise he would join. He will act like Republican and sing songs of “conservativism” or fake that. Just so he can trade policies for business deals. To save his own ass and by the skin of the teeth. That is his leverage. Because, his businesses and the ways operating needs this sort of play to get traction.
Since, the incumbent need the gravy train coming. Especially ahead of the mature loans, which is coming his way. If not he has restructure the loans and find ways to get liabilities moving. Even sell other estates to cover the payments needed.
Yes, this is bribing a public official and open bazaar corruption. However, that has been his game since he went into office. He has used the office to enrich himself and gain profits for his businesses.
Now that we know how dire things is… we can imagine that the old man doesn’t want to lose his leverage. The one bargain chip that makes sense and make dollars. Not that he can trade on his name or character after four years in office. Unless, he wants to sell merchandise to White Supremacist, Alt-Right, Qanon and the KKK. Peace.