Initial reaction to this:-
Did his bankers not get independent appraisals of the properties?
What were his auditors doing?
He/his family couldn't have done all this without the incompetence or collusion of both of the above.
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Referred to the IRS for criminal prosecution, it's beautiful. Financial journalists have said for years he was committing fraud in relation to asset valuations, in addition to tax evasion. Then there are his separate cases - there has to be a good chance he will be prosecuted in relation to the stolen secret documents.
https://twitter.com/acyn/status/1572...9vH6ha976Ti0LA
We’ll worth a listen.[emoji102]
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In terms of the bankers, it has been widely reported that Deutsche Bank were complicit over the years.
However in other examples it seems that normal due process has just been waived due to Trumps profile and the perception of reputational risk to not deal with him. If you look at Turnberry for example, that purchase should never have been allowed. By all accounts Trump bought it without debt funding and with no clear source of wealth evidenced. It's not his only asset where he just produced cash out of nowhere. Hence it's subsequently been the subject of proposed "Unexplained Wealth Orders" - albeit I don't think that has gotten very far.
:agree:
Ernst and Young were Wirecard A.G's auditors for years but failed to notice that the vast majority of it's 'Assets' were in fact a total fraud, with vastly inflated values that helped increase the value of the company shares,.
The collapse of Wirecard was Germany's biggest financial scandal for decades, and came about through an almost total lack of diligence on the part of their Auditors
https://www.ft.com/content/bcadbdcb-...d-1e926831e9b7.
Trumps request and installation of a special master in the case of the documents found at Maralago has royally backfired on him and his lawyers. This was triggered by the dodgy judge who gave Trump the opportunity to install a special master (a judge specifically to look at the documents found and judge what needs done with them), he submitted two candidate and the DOJ agreed with one and they were installed (Judge Dearie). This was a tactic to slow the legal process down and to shove as many spanners in the works as possible. Anyway, it turns out the Judge Dearie is a competent and able judge with knowledge of Trumps dealing with court and the legal system. He issued a case management order to tell Trump has to submit an affidavit under penalty of perjury to the court regarding his claims about the remaining documents at issue by the end of this month. Judge Dearie set an expedited timetable for completing the review of records and ordered Trum to pay a retired Judge $500 p/hour to help review records, and knowing Trumps penchant for not paying his legal advisors, has set a limit of 7 days for paying this judges fees, if he doesn't pay he will be found in contempt of court. So in short, Trumps plan to slow the process down has speeded it up and put him under real pressure.
steve bannon has got a four month jail sentence
it would be brilliant if Trump got the same...even better a few years, that **** should be held accountable for the five deaths that day
Donald Trump formally subpoenaed by January 6 committee | Donald Trump | The Guardian
Detestable son of Detestable ex-Detestable president Trump
Donald Trump Jr condemned for ‘sick and dangerous’ post mocking Paul Pelosi’s hammer attack (msn.com)
I read today that 70% of republicans think a strong economy is more important than a functioning democracy :no way:
The problem with democracy is it is anti-capitalist, it gives a normal citizen the chance to change stuff that would work against the pursuit of profit!!
It certainly looks like this orange monster may have been the trigger that introduced the USA the the slope leading to fascism. Democracy is always going to go pop if you are not willing to accept the results of elections. Trump spread that idea through republicans like the black death.
There's a difference between saying Russia helped fund campaigns and used bots and the other side saying the election was actually rigged like trump does