Tag: trump fraud
Letitia James

James: Trump Should Be Banned From New York Real Estate For 'Outrageous' Fraud

NEW YORK, January 5 (Reuters) - Donald Trump should be permanently barred from New York's real estate industry for "outrageous" fraud, the state's attorney general said in a court filing on Friday ahead of closing arguments in a civil case against the former U.S. president.

Attorney General Letitia James and lawyers for Trump and the other defendants filed their final briefs ahead of closing arguments scheduled for next Thursday in Manhattan in a case that threatens to strip him of prized real estate assets.

In their filing, Trump's lawyers accused the attorney general's office of overstepping its authority by trying to bar Trump from "any and all" business activity, a penalty "far more substantial than the mere loss of money."

Trump's lawyers said the state failed during the three-month trial last year to show any "real-world impact" from Trump's financial statements to banks, which according to the judge presiding over the case overstated his net worth by billions of dollars.

The attorney general's office in its filing said Trump's "myriad deceptive schemes" to "inflate asset values and conceal facts were so outrageous that they belie innocent explanation."

Trump is the frontrunner for the Republican nomination to challenge Democratic President Joe Biden in this year's U.S. election.

Justice Arthur Engoron will hand down his verdict sometime after the closing arguments. Engoron already found Trump liable for fraudulently overstating his wealth to secure better loan terms.The trial focused on damages. James, an elected Democrat, is seeking at least $370 million in penalties from Trump and his co-defendants, as well as restrictions on Trump's ability to do business in the state.

Trump has denied wrongdoing and called the case a political witch hunt. He said in a social media post on Friday that there were "no victims" in the case.

Trump separately has been charged with crimes in four other cases, pleading not guilty in each. His maelstrom of legal troubles has not diminished his commanding lead over Republican rivals in the presidential race.

During defiant and meandering testimony in October, Trump boasted about his business acumen and railed against what he said was political bias against him by James and Engoron.

Three of his adult children -- Donald Jr., Eric, and Ivanka Trump -- also testified in the trial. They said they had little to no involvement with their father's financial statements while running the Trump Organization, an umbrella company for his wide-ranging business ventures. Unlike her brothers, Ivanka Trump is not a defendant.

Lawyers for Donald Jr. and Eric Trump said in their own filing on Friday that there was no evidence that either had "anything more than a peripheral knowledge or involvement in" the preparation of their father's financial statements.

The future of Trump's empire hangs in the balance after Engoron in September ordered the dissolution of companies controlling crown jewels of his New York portfolio, including Trump Tower and 40 Wall Street in Manhattan.

That order is on hold while Trump appeals. Some legal experts have said Engoron may lack the authority to issue such a sweeping order.

Trump is under indictment in Washington and Georgia for his efforts to overturn his 2020 election loss to Biden, in Florida for his handling of classified documents after leaving office, and in New York over hush money paid to a porn star ahead of the 2016 election.

The first of his criminal trials is scheduled to begin in New York in March, but that is subject to change as Trump's crowded legal calendar complicates court schedules.

Reporting by Jack Queen; Editing by Will Dunham, Noeleen Walder, DanielWallis and Nick Zieminski

Trump points finger into crowd.

Urging Voters To Aid Georgia GOP Senators, Trump Keeps Their Donations Himself

Reprinted with permission from Alternet

In Georgia, one of five states that President-elect Joe Biden flipped in the 2020 presidential election, President Donald Trump has been campaigning for two incumbent GOP senators who are facing runoffs in January: Sen. Kelly Loeffler and Sen. David Perdue. But according to Politico reporter Alex Isenstadt, there is "just one hitch" — which is that "Trump's new political machine is pocketing most of the dough, and the campaigns of the Georgia senators competing in the January 5 races aren't getting a cent."

In his requests for donations, Isenstadt notes, Trump is saying things like "We MUST defend Georgia from the Dems!" and "Help us WIN both Senate races in Georgia & STOP Socialist Dems." But the outgoing president isn't directly sharing that money with Loeffler or Perdue.

Isenstadt explains, "Trump's aggressive fundraising blitz appears to be devoted to helping the party defend Georgia's two Senate seats and, with them, the Senate majority. But the fine print shows that most of the proceeds are going toward Trump's newly launched PAC, which he plans to use to fund his future political activities. Only a fraction is going to the Republican National Committee, which is investing $20 million into the runoffs. A stampede of political figures from both parties are e-mailing their donors with links to donate directly to the Georgia candidates, but the president is not among them."

Senior Republicans, according to Isenstadt, are "rankled" by "Trump's fundraising ploy" and "worry" that "small-dollar donations are being redirected away from the runoffs." Veteran GOP strategist Doug Heye told Politico, "The reality is Donald Trump does not care about the future of the Republican Party. So, if he can raise money off of the Georgia runoffs but keep the money for his own purposes, he will do so."

Isenstadt explains, "When donors click on Trump's e-mails and texts, they are directed to a site that urges donations of anything from $5 to $2800. Lower down on the page, it notes that 75 percent of each donation goes to Trump's political action committee, Save America, up to the first $5000 given…. Regardless of the amount given, none goes directly to the Georgia Senate candidates. Georgia Republicans want more of Trump's small-dollar fundraising to benefit David Perdue and Kelly Loeffler."

Isenstadt also points out that "Trump's approach" has been "in stark contrast with" Biden, whose "campaign last week sent out an e-mail asking supporters to give $25 contributions, which would be split evenly between Georgia Senate candidates Jon Ossoff and Raphael Warnock and the Democratic National Committee."

Biden will be campaigning for Ossoff and Warnock at an event in Atlanta, and his efforts on behalf of the Democratic Senate candidates are the focus of a separate Politico article by Marc Caputo and James Arkin. In their piece, Caputo and Arkin stress that Biden has a major stake in the outcome of the two Senate races.

"The success of the president-elect's agenda hinges on the two Senate runoff races that will decide the balance of power in the chamber," Caputo and Arkin explain. "If Ossoff and Warnock fail to defeat Republican Sens. David Perdue and Kelly Loeffler on January 5, it will mean a GOP-controlled Senate that's guaranteed to stand in the way of implementing Biden's policy goals.

Democrat Doug Sosnik, who served as White House political director under President Bill Clinton, told Politico, "I don't think there's a choice here. If he does go (to Georgia) and Democrats don't win, he won't be blamed. But if he doesn't go, then you guys would write about why he's not going. It's a good problem to have because obviously, the campaigns (of Ossoff and Warnock) want him there. It would be worse if they didn't."

Although Georgia was a deep red state for many years, it has evolved into a swing state — and Biden's narrow victory over Trump in the Peach State required a strong turnout in Atlanta (which is heavily Democratic and largely African-American) and its suburbs. Democrat Michael L. Thurmond, chief executive officer of DeKalb County near Atlanta, is glad to see Biden visiting his area.

Thurmond, who formerly served in the Georgia Assembly, told Politico, "Obviously, the president-elect coming will resonate with those moderate-to-conservative voters, and him being in Georgia is absolutely critical in order for us to have any success on January 5. It's his coalition. This is his coalition, and his presence and his endorsement will reassure those independent voters who are maybe concerned or on the fence."

Cohen Testimony Offered Roadmap Of Trump Crimes

Cohen Testimony Offered Roadmap Of Trump Crimes

Reprinted with permission from DCReport.

How many crimes did Michael Cohen reveal in his testimony? By my count 14.

If you missed many of the crimes, it’s not surprising. Fascinating as much of his testimony was, Cohen did not articulate the various crimes in an orderly fashion. Instead, he just threw a lot of them out there like so many dots.

And for good measure, he said, in response to a question, that he was not confident that Trump would peacefully transfer power to the next president, which would be a 15th crime if his speculation proves accurate.

Worse, the House Oversight and Reform Committee majority never connected Cohen’s dots into a compelling picture of White House criminal culture—with three notable exceptions that we will get to in a moment.

Scattered among Cohen’s 20-page opening statement and its attached exhibits, together with his hours of public testimony on Feb. 27, was plenty of evidence that Trump is running a criminal organization whose offices and key staff simply moved its headquarters from his Manhattan high rise to the White House.

To those who have followed our coverage of Trump, much of this is not news. But, to the vast majority of Trump supporters, it would be, if the committee had asked questions to give sense and context to Cohen’s revelations.

Luckily for our democracy, this was just the first hearing. Chairman Elijah Cummings, a Maryland Democrat, promised more hearings with witnesses and documents.

Cohen in detail or in passing revealed 11 kinds of fraud: accounting, bank, charity, insurance, mail, wire, federal income tax, state income tax, local property tax fraud, campaign finance disclosure and federal ethics disclosure.

Many of these were overlapping or interconnected. That’s how white-collar crime works. It’s not akin to a crude stickup with a gun, it’s a slight-of-facts designed to fool the gullible, enrich the bribable and to slip through the wide gaps in the weak legal walls Congress has erected to address financial crimes.

Fraud is, everywhere and always, a crime.

Whether any or all of these frauds, assuming they are proven, rise to the political standard in our Constitution of “high crimes and misdemeanors” is yet to be determined. But for sure they are proper subjects of criminal indictment, even if trial must be delayed until Trump is out of office in 2021 or 2025. And, to be clear, we think a sitting president can be indicted while in office—and should be if he has committed serious felonies.

Cohen also accused Trump of suborning perjury. Cohen indicated that others may have worked in concert to mislead election and ethics officials, Congress and voters.

Then there are the denials concerning a Trump Tower Moscow and hush money payments to porn actress Stormy Daniels involved more people. That also raises the specter of conspiracy, which can be a crime.

The Moscow real estate negotiations continued well into the 2016 campaign. That matters because no large project gets done in Russia without the blessing, explicit or tacit, of Vladimir Putin, the modern czar who runs his country with a criminal gang commonly called the oligarchs and a host of lesser crooks.

Lying about the tower gave Putin leverage over Trump, kompromat far more powerful than any supposed videotape of Trump watching hookers wet a hotel bed where the Obamas once slept.

Trump’s previous statements show that Cohen’s testimony about the Moscow real estate deal is accurate. After all, Donald said, if he did not win the presidency, he had a business to run and he was not going to let lucrative opportunities pass him by.

Let that sink in for a moment. In Trump’s mind, national security is secondary to profit, a view that the Star Trek Ferengi would applaud.

According to Cohen, he was instructed to lie to Congress by the person identified in his criminal case as “Individual 1.” Cohen said that person is Donald Trump.

And finally consider the biggest and most disturbing crime of all: conspiring through intermediaries with a hostile foreign power to win the presidential election.

Trump’s intermediary, according to Cohen, was Roger Stone, who boasts of both being a hedonist and a political dirty trickster. Putin’s intermediaries included WikiLeaks.

What we don’t know yet is just how the 12 indicted Russian cyber-military officers were involved, but Robert Mueller’s prosecutors charged with extraordinarily fine detail that they were central to Kremlin interference with our 2016 elections.

During the Feb. 27  hearing we heard a lot of efforts by Republicans to demonize Cohen, but not one word about why Trump would have employed him as his consigliere for more than a decade.

No Republican tried to deny that Trump had done what Cohen said, other than vague assertions that Cohen was lying.

The most illuminating testimony came during the 10 minutes spit between three freshman Democratic lawmakers: Alexandria Ocasio-Cortez of New York and Katie Hill of California and also Raja Krishnamoorthi of Illinois.

They asked pointed questions that elicited useful information about where to pursue more facts. Bravo.

If the Democrats are serious, they will tell members in future hearings by the Oversight and other House committees to stop preening for the cameras and useless recitations of facts known and instead ask what the fictional William Forrester (Sean Connery) called “soup questions” in the film Finding Forrester.

A soup question is designed to elicit information that matters.

Ocasio-Cortez, Hill, and  Krishnamoorthi, none of  them lawyers, asked concise questions about what matters. They each conducted a better examination of Cohen than any of the committee members who are attorneys.

Let’s hope the veterans in Congress learn from the newcomers because nothing less than the future of our liberty depends on it.