Opinion: Don. Jr. thinks he can run away from accountability…

A person is guilty of perjury in the first degree when he swears falsely and when his false statement (a) consists of testimony, and (b) is material to the action, proceeding or matter in which it is made” (New York Penal Law § 210.15: Perjury in the first degree)

In the order and motion of Supreme Court of New York, Judge Arthur F. Engoron on the 3rd November 2022. What this motion and order did was initially to have an independent monitor to oversee and have oversight of the Trump Organizations; and their plans of creating a new Trump Organization 2, which would be there to takeover the assets and liabilities of the original Trump Org.

In that motion, there was one passage that was very interesting and compelling. Not that people has the best view or image of Donald Trump Junior. The erratic behaviour and online speeches haven’t made things looking any better.

However, there is some parts of the passage on “Donald Trump Jr.’s Disclaimer of Responsibility for SFCs’ Accuracy” which is really unique and telling. That part of the motion alone is saying something about the arrogance and thinking there is no consequences of own actions. This coming from a supposed senior executive and in-charge of a company. An ordinary employee would be fired for the neglect and lack of due diligence.

Just read this:

Defendant Donald Trump Jr. is a senior executive at the Trump Organization and a trustee of the

Donald J. Trump Revocable Trust, which was responsible for certifying the SFCs accuracy to

banks and other institutions. He personally signed representation letters to Mazars on each

Statement Engagement while serving as a trustee, and those letters included the representation

that “{w]e acknowledge our responsibility and have fulfilled our responsibilities for the

preparation and fair presentation of the personal financial statement in accordance with

accounting principles generally accepted in the United States of America.” NYSCEF Doc. No. 48. The statement further said that “(w]e have not knowingly withheld from you any financial records or related data that in our judgment would be relevant to your compilation.” Id. Notwithstanding such representations, Donald Trump Jr. testified at his deposition that he had no knowledge of Generally Accepted Accounting Principles (“GAAP”) outside of “Accounting 101 at Wharton,” and that he “had no knowledge as [GAAP] relates to what it was for, for the Statement of Financial Condition or not.” NYSCEF Doc. No. 43, pg. 10-11. He further testified that despite personally vouching for their accuracy, he “had no real involvement in the preparation of the Statement of Financial Conditions] and don’t really remember ever working on it with anyone.” Id. Accordingly, at a minimum, Donald Trump Jr. signed off on representations to Mazars without performing the due diligence necessary to ensure their accuracy or compliance with GAAP, raising serious doubt as to the reliability of future SFCs for which Donald Trump Jr. may be responsible. Furthermore, the record is replete with evidence that Donald Trump Jr’s statement that “we” have not knowingly withheld pertinent information is blatantly false” (Engoron, 03.11.2022).

It is compelling to read this… that a grown man and a senior executive thinks this sort of statement or reasoning is really bonkers. Just think if an employee or a hired consultant did this for the Trump Organization. That would have been a reason to fire or sack someone. However, we know that the family members of the Trump Organization can’t be touched from within. They are the ones carrying the name and because of that.

Donald Trump Jr. can possibly be charged with perjury over this. Who believes that he didn’t know or had no idea what went on? When it happened year after year and with the same arguments to ensure better loan terms or pay less in tax. That’s why you know these sorts of things are haunting the Trump Organization. Which just happens to be where Don. Jr. was an Executive. Meaning he had power and he followed protocol on this. He knew it was money in these practices and he earned on it too.

That’s why it’s hard to believe that his this sort of stupid. When he had the motivation and the motives to earn on it. There is money to be made by making these statements of financial conditions. Don. Jr. have to answer for it, because he signed off on them. It is only now that it’s investigated and such… his suddenly not aware and had nothing to do with it. Which is weird… when he and others profited on it. That’s why I have a hard time believing his statement on this matter.

Hopefully the jury and the judge does too. It seems insincere and totally bonkers to begin with. Peace.

Opinion: The Trump Organization is in big trouble

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.

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