Tag: trump corruption
Trump Paxton

Rejecting Donald Trump's Corruption Means Defeating Crooked Ken Paxton

As millions of Texas voters cast their ballots in an election that could determine control of the United States Senate, the rest of us can only hope they have gleaned the single most salient fact about Republican nominee Ken Paxton. As Texas attorney general, Paxton is technically the state's top law enforcement officer. And he is also an unrepentant racketeer, whose nomination epitomizes the Republican capitulation to Trump's monumental sleaze.

For voters in red Texas to reject Paxton would crystallize the popular revulsion against the theft of our government and treasure.

Many of Paxton's offenses involve complex securities transactions, financial litigation and real estate foreclosures that are simply opaque to most people. The average Texas voter is assuredly aware of this "conservative Christian" husband's marital infidelities. Texans know how he used a donor's firm to conceal one of several affairs — a baroque tale that emerged during his 2023 impeachment by Republican state senators. Yet his betrayals of constituents, his oath of office, and the public trust go far deeper than those peccadilloes.

The Texas House of Representatives approved a resolution of impeachment that specified 20 offenses, ranging from misuse of state resources and abuse of office to accepting a series of bribes from a real estate investor named Nate Paul. Once regarded as a wunderkind developer in Austin, Paul became infamous during the impeachment trial for hiring a Paxton mistress, secretly renovating Paxton's home for free, and using burner phones and a fake Uber account to evade surveillance of his contacts with the attorney general.

The Republican majority acquitted Paxton despite plentiful evidence of his guilt presented at his state Senate trial, allowing him to continue in office and plot his path to higher office. The permanent damage to his reputation would not dissuade his ethically tarnished ally Donald Trump from helping him to snatch the Senate nomination from incumbent Republican Sen. John Cornyn earlier this year.

Facing Democrat James Talarico, a state legislator with no ethical blemish on his record, Paxton can safely assume that most voters have forgotten — or never knew — exactly what he did to draw the attention of the FBI, the state Senate and other investigators who examined his record for evidence of crimes. Indeed, the coverage of his trial in the state Senate never fully revealed the dimensions and victims of his misconduct.

Of all the charges brought against Paxton, perhaps the least understood involved his actions on behalf of Paul. A high-flying young investor who proclaimed his ambition to become "the first self-made real estate billionaire," Paul turned out to be a conman whose Austin-based empire began to crumble in 2019 amid a series of bankruptcies and a spectacular FBI raid on his office and home.

Federal prosecutors charged him with over a dozen counts of fraud and deception in swindling his real estate partners, an indictment that neatly coincided with Paxton's impeachment. (Paul ultimately escaped prison by pleading guilty to a single count of misrepresentation.)

From press accounts, it is unclear when Paxton first encountered Paul, but as the latter increasingly came under legal scrutiny, the attorney general used his authority to protect the high-flying investor — by launching his own investigations against Paul's adversaries, intervening in lawsuits that involved Paul, and directing his subordinates to aid Paul's attorneys with confidential information, including unredacted FBI files.

But the action that epitomized Paxton's corrupt relationship with Paul concerned the investor's attempt to evade payment of a multimillion-dollar loan from a business development company known as Princeton Capital. About $50 million had been transferred under dubious circumstances from Capital Point, a limited partnership vehicle that had amassed millions of dollars in investment from public employee pension funds, including the Austin Police Retirement System as well as first responder funds in Little Rock, Seattle, Detroit, and several other municipalities.

The details of the creation of Princeton Capital and its agglomeration of those public pension assets is a classic American tale of political pay-for-play. The narrative recalls the public finance escapades of George W. Bush and his cronies that I examined in Harper's magazine in 1999. Regardless of the current enmity between the Bush and Paxton factions in the Texas GOP, they have always played this lucrative game much the same way.

When the Capital Point limited partners learned how their money had been secretly moved to Princeton Capital, they exercised fiduciary power to remove the discredited management — which had made the loans to Paul — and sought to recover that money. The loan to Paul became embroiled in litigation as the public pension funds sought to recover their absconded capital.

Paul's capacities as a fraudster were tested as he used shell companies and false filings to evade multiple state court orders to pay back the loan, which persisted long after the limited partners won a $10 million judgment against him. Finally, the court appointed a Texas attorney named Seth Kretzer to seize and auction Paul's hidden properties in order to satisfy the judgments against him.

As the state's top law enforcement official and a self-proclaimed advocate for "law and order," Paxton might have been expected to intervene in this case, if at all, on behalf of the police and firefighters whose pensions were at risk. But the Texas attorney general felt no such imperative. Having been paid off by Paul, he made no effort whatsoever to safeguard the cops' pensions in the Austin Police Retirement System, or those of the other first responders across the country, as this exceedingly complex series of lawsuits wound through the Texas court system.

Instead, Paxton shockingly intervened to hinder Kretzer from liquidating Paul's assets and restoring that money to the first responder pension funds. As later reported by whistleblowers in his office, the attorney general came up with a creative scheme to forestall the sale of Paul properties.

Early on the morning of August 1, 2020, two days before a scheduled auction of foreclosed Paul properties, Paxton's office issued an opinion declaring that outdoor building foreclosure sales could not be held lawfully under COVID-19 restrictions on public gatherings. As his top deputies and aides testified three years later during his impeachment trial, Paxton ignored normal procedures to rush the opinion out.

It was probably not a coincidence that on Oct. 29, 2018, the date when Princeton Capital's limited partners sent a notice of loan default to Paul, the investor had sent a check for $25,000 to Paxton's reelection campaign. Or that Paul then found so many ways to underwrite the personal grifting and extramarital sprees that are the essence of this Texas politician.

Paxton chose to "serve and protect" the crooks, not the cops.

For anyone hoping that a new Congress will hold Trump and his Cabinet accountable next year for their acts of massive and brazen corruption, nothing could be more repellent than the prospect of Sen. Ken Paxton.


Dario Amodei

The AI Boom Will Arrive When Everyone Has To Buy New Antivirus Software

Before the Internet, no one needed antivirus software. That’s a stupidly true statement. The Internet created enormous possibilities. But yeah, it also created the possibility for people to transmit viruses that could infect hundreds of millions of computers around the world. Now we all need antivirus software to keep our computers from getting infected and shutting down on us.

I kept thinking about this when I was reading Anthropic’s registration statement for its initial public offering. The statement promises great things that the company can do for the economy and humanity, such as hugely increasing productivity and developing cures for previously incurable diseases. But it also lists some of the potential harms that its AI can cause.

Among these harms is the fact that it will radically increase the ability of evil doers to hack the websites of companies and governments all around the world. This can totally transform the business of ransomware in the same way that the printing press revolutionized the publishing industry.

Unless Anthropic CEO Dario Amodei and his gang have some preventive plans they have not disclosed (I mean the type of defense, not the specifics), it’s hard to see why we would not have hundreds or thousands of ambitious young men (I’m assuming most will be men) using the latest Anthropic AI to attack all sorts of websites. This could be the quickest way to become the next billionaire in the AI age. After all, there is no shortage of people in Silicon Valley with the moral compass of an Elon Musk or Mark Zuckerberg.

At the very least, this risk will likely force businesses and governments to spend enormous sums on new security measures to defend their systems. Maybe this is where Anthropic and the rest of the industry see the big demand for the AI that they expect to earn them trillions. Defense against malicious AI attacks should also create plenty of jobs, for those concerned that AI will take all the jobs.

It also doesn’t help that the government agencies that are charged with preventing these sorts of assaults, most notably the FBI, have dumped many of their most experienced people. And those who remain seem more involved in trying to compile dirt on Donald Trump’s political enemies than preventing and uncovering real crimes.

And even in the case where a crime is successfully detected and prosecuted, Donald Trump has made it clear that the pardon window is always open. As long as the AI attackers are smart enough to stash a few tens of millions of their “earnings” away in a safe account, they will be able to buy their way to freedom, along with a declaration from the president about how they were treated “very unfairly.”

So, when you hear people being skeptical about what AI can do, tell them they don’t know what they are talking about. The potential is unlimited.

Dean Baker is a senior economist at the Center for Economic and Policy Research and the author of the 2016 book Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer. Please consider subscribing to his Substack, from which this is reprinted with permission.

Putin and Trump in Alaska

As Trump Dismantles NATO And Abandons Ukraine, Putin Couldn't Be Happier

A lot of people finally have begun to notice that Donald Trump, much to the pleasure of Vladimir Putin, is not terribly supportive of NATO.

In fact, also to Putin’s extreme pleasure, he kind of wants to destroy it.

In other words, Trump is finally coming out of the closet—more or less— as a Russian asset. How else to explain why he is granting sanctions relief to Russia? Why he’s agreeing to buy billions of dollars in diesel fuel. And why, in doing so, he’s decided to subsidize the Kremlin’s brutal war against Ukraine.

If Trump’s affinity to Putin, and his distaste for NATO surprise you, then you—like so much of the American media— haven’t been paying attention. Enthusiastic support of NATO is one of the very few issues that has enjoyed true bipartisan support for nigh on eighty years. Yet for more than four decades Trump has argued the same thing: America’s allies are freeloaders, the Western alliance is a bad deal, and Moscow is someone to bargain with rather than contain.

Trump is dismantling the foundation of American power — and fulfilling Putin’s greatest dream

Now that he is well into his second term in office, Trump has really and truly begun to do something about it. He has begun to dismantle the entire world order that is the foundation of American power since the end of World War II, and, in so doing, he has begun to fulfill Vladimir Putin’s greatest dream.

It’s worth pointing out that Russian money started flowing into Trump’s coffers decades before he developed his Russia-friendly policies. Indeed, as I have reported in my Trump Russia Timeline, in 1984, David Bogatin, an émigré tied to the Russian Mafia, met with Trump at 721 Fifth Avenue—aka Trump Tower— and plunked down $6 million(nearly $20 million in today’s dollars) to buy five condos in a deal that, according to the New York State attorney general’s office, laundered money for the Russian Mafia.

In the four decades since then, Trump has repeatedly made the same argument: that America’s allies are freeloaders, that our alliances with Japan and Europe are bad deals, and that we should regard Moscow as someone to bargain with rather than contain. In a 1990 interview in Playboy Magazine, for the first time, Trump explicitly equated allies and adversaries as equally untrustworthy, and framed tariffs on both European and Japanese goods as the cure:

We Americans are laughed at around the world for losing a hundred and fifty billion dollars year after year, for defending wealthy nations for nothing, nations that would be wiped off the face of the earth in about fifteen minutes if it weren’t for us. Our “allies” are making billions screwing us.

Ten years later, in The America We Deserve, co-written by Trump and Dave Shiflett, he said, “Pulling back from Europe would save this country millions of dollars annually. The cost of stationing NATO troops in Europe is enormous, and these are clearly funds that can be put to better use. Our allies don’t seem to appreciate our presence anyway.”

Ghostwriter Shiflett later characterized the book as a “work of fiction,” but recent events have shown, alas, that Trump seems to have really meant what he said.

In the 1990’s and 2000’s, Russian mobsters replicated David Bogatin’s practice of buying high-end real estate from Trump as an ideal vehicle through which it laundered money from criminal enterprises. In large measure, it was thanks to the influx of Russian money that Trump, who filed for six corporate bankruptcies, managed to sustain a reputation as a successful businessman.

In the 2000’s, the Bayrock Group, managed by Felix Sater, a twice-convicted felon with ties to the Russian Mafia, helped transform Trump into the Colonel Sanders of luxury high-rises by franchising the Trump brand and erecting Trump Towers in SoHo, Toronto, and all over the world.

Bayrock’s former finance director, Jody Kriss, portrayed the Trump SoHo as a “monument to spectacularly corrupt money-laundering and tax evasion.” Documents and emails unearthed in related litigation indicated that the project served as a vehicle for laundering illicit funds. (Bayrock settled the lawsuit out-of-court in 2018. Terms of the settlement were not revealed.)

When Trump began running for the presidency 2016, he retained his antipathy towards NATO—even though it has enjoyed extraordinary bipartisan support since its birth immediately after World War II. During the 2016 campaign, Trump asked the Washington Post editorial board why the US should carry NATO’s costs and the defense of Ukraine. Later that month, he called NATO “obsolete” and said America’s allies were not paying their fair share.

Similar sentiments prevailed during the Republican National Convention that year, when Trump’s campaign aides famously watered down a plank calling for lethal arms shipments to Ukraine. Similarly, that same month, in an interview with the New York Times, Trump said that if the Baltic states were attacked by Russia— a threat that is all too real now— he would check first to see if they had fulfilled their financial obligations to the US before agreeing to defend them.

And so it went. Before his first inauguration, in January 2017, in interviews with the Times of London and Bild, Trump repeated the line about NATO being obsolete. Not long afterwards, in a May 25 speech at NATO headquarters in Brussels, he deleted a planned line reaffirming Article Five. A year later, he justified stiff tariffs on Canada, Mexico and the EU on national security grounds. In early June 2018, he urged readmitting Russia to the G7.

At the NATO summit in July, he threatened to leave NATO and go it alone if spending didn’t rise. On July 16, at Helsinki, Trump famously accepted Putin’s denial of interference in the US elections—accepting the assertions of the Russian president—a former KGB officer, mind you—over the findings of America’s own intelligence services. In January 2019, the New York Times cited senior officials saying that Trump had threatened to withdraw from NATO on multiple occasions.

As for his second term, Trump’s two-pronged strategy—ripping apart NATO while he wooed Vladimir Putin— began even before he was inaugurated. On January 7, two weeks before he was sworn in, Trump called Canada “the 51st state,” and refused to rule out the use of military or economic force to take over Greenland, an autonomous territory within the Kingdom of Denmark that, like Canada is a NATO member. (There is no mechanism in NATO to deal with one member that threatens another.)

In early February, Trump announced punishing tariffs on Canada and Mexico. Then, on February 24, 2025, just five weeks into his second term, Trump made it crystal clear what side he was on. On the the third anniversary of Russia’s invasion of Ukraine, the US voted with Russia and North Korea against a resolution condemning the invasion. Russia and North Korea were our allies. Ukraine and Europe were not. It was official.

Four days later, in the Oval Office, with Vice-President Vance at his side, Trump publicly berated Zelensky: “You don’t have the cards!”

If it seemed like Trump was tormenting America’s longtime allies over the next few months while he cozied up to Putin, that’s because he was. He blitzed Canada and NATO allies with a chaotic series of on-again-off-again tariffs. Then, in the fall, after Trump greeted Vladimir Putin with a red carpet reception in Alaska, special envoy Steve Witkoff, a billionaire real estate developer with no experience in diplomacy, came up with a 28-point peace plan that essentially capitulated to Putin’s desire to eliminate Ukraine’s sovereignty. Dismissing the proposal as “blatant corruption,” Garry Kasparov, the chairman of the Renew Democracy Initiative, told TVP, the Polish broadcast network, that the plan sought to place U.S. hands on frozen Russian assets earmarked for Ukraine’s reconstruction. “It’s a business deal… nothing to do with peace,” he said.

He added, “Putin cannot continue this war indefinitely if the free world is united behind Ukraine.”

But the “free world,” or at least the President of the United States, was NOT behind Ukraine. Thanks to Trump, the US had become an unreliable partner in NATO, and the November 2025 National Security Strategy, released December 4, made that crystal clear. Without mentioning NATO by name, the White House’s official strategy document asserted that “Our elites badly miscalculated America’s willingness to shoulder forever global burdens to which the American people saw no connection to the national interest.”

It was official: Russia and North Korea were our new allies, Ukraine and Europe were not

The White House effectively dismissed NATO as one of those burdens. But in fact, the alliance supports the world’s largest trade and investment relationships, which are worth roughly $8 trillion and support millions of U.S. jobs. Its collective defense has deterred adversaries from launching a great power war for more than 75 years. The alliance also gives the US enormous advantages in intelligence sharing. It provides international legitimacy for sanctions on Russia or pressure on China—neither of which have comparable alliances. And, finally, it projects American power into the Middle East, Africa and the Arctic.

All of which is particularly relevant because in recent weeks both Vladimir Putin and Donald Trump appear to be facing existential crises. In Putin’s case, it’s because his three or four day “special military operation” is now well into its fifth year and has caused more than one and a half million Russian casualties. In other words, Russia is losing it war with Ukraine, and if Putin’s imperial ambitions go up in flames—well, so does Putin.

As for Trump, his Republican Party is facing a wipeout in the November 3 midterms and, if that comes to pass, Trump will have to face the rest of his terms handcuffed by an adversarial Congress that will likely spend its time investigating one malfeasance after another.

And so, 42 years after David Bogatin walked into Trump Tower, the Kremlin continues to collect on the $6 million Bogatin plunked down for Trump real estate. The only question left is whether Russia can cash out before American voters close the account.

Craig Unger has served as the deputy editor of The New York Observer, editor-in-chief of Boston Magazine, and a frequent contributor to The New Republic and Vanity Fair. His most recent book is American Kompromat: How the KGB Cultivated Donald Trump, and Related Tales of Sex, Greed, Power, and Treachery. Please consider subscribing to his Substack, from which this is reprinted with permission.


Julio Herrera

Exposed: Pardon, Regulatory Relief And Assorted Favors For Trump Ballroom Donors

President Donald Trump's secret White House ballroom donor list has leaked, revealing that some of the $333 million comes from companies with lucrative government business interests and a $2.5 million pledge by the daughter of a banker who Trump later pardoned.

Internal fundraising records obtained by The Washington Post identify 67 donations over $10,000 and show at least $77 million came from donors who requested to stay anonymous. The report says the money was funneled through a nonprofit into a White House account controlled by the president.

One of the more controversial names on the list is Isabela Herrera, who is the daughter of international banker Julio Herrera Velutini. Her father was indicted in 2022 for allegedly helping finance a Puerto Rican governor's campaign in exchange for getting rid of a regulator investigating his bank.

The Post's expose revealed that Isabela Herrera gave $3.5 million to a Trump-aligned political committee following Trump's 2024 presidential campaign victory. In September 2025, she also pledged $2.5 million to the ballroom fund and paid the first installment of $835,000 the following month.

Shortly after the donation, in August 2025, prosecutors reduced her father's bribery case charges to a misdemeanor through a plea deal. Trump then pardoned him in January 2026, four months after his daughter's ballroom donor pledge.

The reporting does not establish a specific link to the ballroom donation influencing the pardon.

Apple and Nvidia each committed $25 million, as did billionaire Charles Ergen and the Adelson family. Nvidia sought anonymity for its contribution, even though it publicly supported the project.

Ergen put up his $25 million once federal regulators had closed an inquiry into his firm, the telecommunications company EchoStar. In the case of Rocket Companies, a subsidiary put forward a $10 million pledge some weeks after one of its big acquisitions was given the nod by a federal agency, per the documents. Rocket has said there is no link between the gift and the government’s sanction.

The Post found that about half of the funds raised come from companies or executives tied to federal contracts during Trump's second term.

White House spokesman Davis Ingle defended the donors and said the administration would hunt down the leakers. He described allegations of conflicts of interest as baseless and added that the contributors are “a wide array of great American companies and generous individuals.”

Despite Trump’s claim that he will also help fund the project, his name did not appear on the list.

Reprinted with permission from Alternet

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