I don’t feel like the news about Trump’s business has hit home as fully as it should.
And honestly, no article has really explained it as well as this one:
Judge Gives Trump Organization the Corporate Death Penalty
You need to read the entire article, but here’s just a good teaser:
Donald Trump is no longer in business.
Worse, the self-proclaimed multibillionaire may soon be personally bankrupt as a result, stripped of just about everything because for years he engaged in calculated bank fraud and insurance fraud by inflating the value of his properties, a judge ruled Tuesday.
His gaudy Trump Tower apartment, his golf courses, his Boeing 757 jet and even Mar-a-Lago could all be disposed of by a court-appointed monitor, leaving Trump with not much more than his pensions as a one term president and a television performer.
A New York State judge on Tuesday cancelled all of the business licenses for the Trump Organization and its 500 or so subsidiary companies and partnerships after finding that Trump used them to, along with his older two sons, commit fraud.
Under the New York General Business Law you can only do business in your own name as a sole proprietor or with a business license, which the state calls a “business certificate.” All of Trump’s businesses were corporations or partnerships that require business certificates.
Again, you need to read the entire article. Here’s the link again: Judge Gives Trump Organization the Corporate Death Penalty.
But are you understanding what is being said?
I think Jaclyn says it best:
Of course, I think Jared and Ivanka will still be okay with all of that Saudi money. Still, at some point, the American people are going to see just what a hollow shell entire “business empire” truly is.
In 2015 Trump claimed his net worth was north of $10 billion. When he became president, he asked if he could file his federally required financial disclosure statements without signing them under penalty of perjury. That request was denied. The statement Trump then filed, by my counting, showed a net worth of not much more than $1 billion, but was based on fantastical assertions of value.
News organizations, except DCReport, told their audiences next to nothing about how from June 2015 to January 2017 Trump’s claimed net worth fell by roughly 90 percent.
Trump will, of course, appeal. He is already suing the judge, so far without success.
I give Trump’s chances of prevailing on appeal at somewhere between zero and nothing except perhaps on some minor procedural point, which you can be sure Trump will describe as complete vindication.
And even more details about the real value are starting to come out. Such as this:
Also, while Trump has vowed to appeal, I’m not sure there’s time to stop this, barring some completely unexpected intervention.
As this exchange explains:
The reply:
If you’ve seen some commentary that shows all of this not to be true, you let me know. But the more I read about this, the more doomed I think his business is.
Just a quick recap.
Trump’s CFO went to jail.
Trump’s attorneys in this case were hit with sanctions by the judge.
The judge said the evidence against Trump Org was so overwhelming that no trial was even necessary.
At some point, it doesn’t matter how loud a talking head is on TV. How persuasive they are. How much they scream about injustice or political bias or deep state this or deep state that.
Trump is facing — in addition to this — four criminal trials, in multiple judicial districts, for 91 criminal counts. Felonies. All of them. Reminder: felonies are really bad crimes. We’re not talking misdemeanors here.
Trump lost over 60 court cases regarding the so-called “stolen election,” where judges (including judges appointed by Trump himself and other Republican presidents) all ruled against him.
He can scream all he wants but at some point, the real bill is going to come due. And I don’t think that check is going to clear.
Love and peace,
Stan R. Mitchell
Don’t forget: You can comment anytime, and I’ll answer quickly! You can also reach out privately at: authorstanrmitchell@yahoo.com. (You can say “hi,” vent, or send news tips! I love all three of those things!)
P.S. Don’t forget to check out my books. I’ve written 12 of them: a CIA/Marine sniper series, a detective series, a private investigator series, an action-packed Western, a motivational self-help book about President Obama, and two realistic war novels: one about World War II and one about Afghanistan. You can find all of these books on Amazon.
There is definitely a lot of Evil in this world and it thrives in places of power like governments! God please help us! JFK was killed, in part, to get that war going! I wonder what all was really going on behind the staged "war"?
Good to be in touch Stan. Always good memories of your time in Oak ridge. It is always difficult to know the truth about what is really going on! I learned that when I was a medical missionary in Laos in 1965 before we got into that terrible war in Vietnam. The "domino thery" was complete bull---! Maybe there is a way to get honest news from people at the site of incidents! Blessings to you and praise for your good work!