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Ladybbird · 06-01-24, 16:17

'DON' TRUMPS' Tale of Business 'Genius' Could Meet Sorry End in New York Fraud Trial...

TRUMP is Toast in New York Fraud Trial, Says Former Watergate Prosecutor

The ex-Apprentice host projected an image of success but the outcome of the case could be a death blow to his companies

The Guardian 6 JAN 2024

Donald Trump poses as a real estate mogul in his limousine as he drives around New York City in 1987.

Two decades ago, when Donald Trump introduced himself to the American public from the back of a limousine going through New York City, he told a simple story of triumph disguised as a confession.

“About 13 years ago, I was seriously in trouble. I was billions of dollars in debt,” he said in the opening scene of his reality TV show, The Apprentice, which premiered in January 2004. “But I fought back, and I won – big league.”

The show offered Americans an opportunity to see Trump as he saw himself: a successful real estate mogul with towering skyscrapers, vast golf courses and the gusto needed to broker a good deal. A man who found redemption through hard work, an epitome of the American dream topped with a strawberry blond quiff.

Twenty years later, Trump’s real estate empire is facing peril. For 11 weeks, the inner workings of his company have been discussed at a New York fraud trial. A judge has already decided Trump committed fraud. He will rule on punishment later this year.

Trump’s companies could lose their New York licenses, making it nearly impossible for him to run his real estate business. He is also facing a vast fine – state lawyers made the case for a $370m penalty on Friday – which could force the company to sell off its properties.

At this point, prosecutors and Trump’s defense team have rested their cases. Closing arguments are set to take place on Thursday.

The last three months offered Trump and his lawyers their chance to defend Trump in court against accusations that he purposely exaggerated his net worth on government documents. Instead, they worked to uphold the shimmering portrait Trump has painted of himself for the last 40 years. The story that gave Trump celebrity and, ultimately, the White House could lead to the downfall of his company.
Deja vu in court

A scathing pre-trial summary judgment made the trial an uphill battle for Trump’s team. Issued on 26 September, less than a week before the trial started, the ruling said documents submitted by prosecutors showed Trump had committed fraud. The ruling is currently under review by an appellate court, but if upheld, Trump will lose his business licenses, severely curtailing his real estate business in New York.

The ruling was supposed to dramatically narrow what the trial should cover. Instead, Trump and his team relied on many of the arguments judge Arthur Engoron had already struck down in his ruling.

If figures on government documents were wrong, Trump’s lawyers argued, it was the fault of Mazars USA, the Trump Organization’s former accounting firm.

“Every decision I made was based on all the information that I would have gotten from Mazars,” Donald Trump Jr, a defendant in the case, said during his testimony.

When asked whether it was the Trump Organization’s or Mazars’ duty to ensure the documents were accurate, Trump emphasized that the firm “got paid a lot of money to do this work”.

But in his pre-trial ruling, Engoron noted that Mazars had disclaimers on the statements that said Trump was responsible for “fair representation” in the financial statement.

Donald Trump sits at the defense table with his attorneys Christopher Kise, left, and Alina Habba in New York state supreme court on 7 December.

“The Mazars disclaimers put the onus for accuracy squarely on the defendants’ shoulders,” Engoron wrote.

Inside and outside the courtroom, Trump also tried to argue the merit of the “worthless clause”, a disclaimer on the financial documents that he argues signals to lenders that the estimations on the financial documents are “worthless”.

Again, in his pre-trial ruling, Engoron had deemed the worthless clause argument moot.

“The ‘worthless clause’ does not say what defendants say it says, does not rise to the level of an enforceable disclaimer and cannot be used to insulate fraud,” Engoron wrote.

Will Thomas, a professor of business law at the University of Michigan, said that Trump’s team seemed to largely offer arguments that were “about whether the court got its summary judgment wrong”.

“It’s not that they’re entirely irrelevant, but I don’t suspect that any of that stuff really meaningfully moved the needle” for Trump, he said.

What also didn’t help Trump is the seeming evasiveness he and other Trump Organization executives, including his two adults sons, showed on the stand when faced with documents that implied they were aware that their valuations were inflated.

Thomas noted that Engoron will have a lot of leeway in interpreting evasiveness on the stand. If Trump appeals, the appellate court “can review legal statutes, judicial opinions – they can assess whether the trial court got the law right”, he said.

“But they’re not in the courtroom. They can’t judge all those intangibles that go with live testimony. So the standards of review make it really hard to overturn factual determinations, particularly when it comes to something like ‘Which witnesses do I give credence to?’,” Thomas said.

'Something Will Crack': Supposed Prophecy of Donald Trump Goes Viral

Nearly 20-year-old prediction by a late leftwing philosopher, widely shared, foresaw the rise of a TRUMP-Like ‘Strongman’

Americans trying to unpick the phenomenon of Donald Trump have turned to a late left-leaning academic, who predicted that old industrialized democracies were heading into a Weimar-like period in which populist movements could overturn constitutional governments.

The strongman will ‘assure them that, once elected, the smug bureaucrats, tricky lawyers, overpaid bond salesmen, and postmodernist professors will no longer be calling the shots’.

TRUMP appears to have already fulfilled this prediction, filling his transition team with lobbyists, including for the oil, telecoms and food industries. He had named a Republican loyalist to be his chief of staff, and a far-right nationalist – himself a former Goldman Sachs executive – as his “chief strategist”.

06-01-24, 16:17	#1
Ladybbird Join Date: Feb 2011 Posts: 47,648 Thanks: 27,646 Thanked 14,458 Times in 10,262 Posts Awards Showcase Total Awards: 8	TRUMP is Toast & Could Meet Sorry End Says Former Watergate Prosecutor 'DON' TRUMPS' Tale of Business 'Genius' Could Meet Sorry End in New York Fraud Trial... TRUMP is Toast in New York Fraud Trial, Says Former Watergate Prosecutor The ex-Apprentice host projected an image of success but the outcome of the case could be a death blow to his companies The Guardian 6 JAN 2024 Donald Trump poses as a real estate mogul in his limousine as he drives around New York City in 1987. Two decades ago, when Donald Trump introduced himself to the American public from the back of a limousine going through New York City, he told a simple story of triumph disguised as a confession. “About 13 years ago, I was seriously in trouble. I was billions of dollars in debt,” he said in the opening scene of his reality TV show, The Apprentice, which premiered in January 2004. “But I fought back, and I won – big league.” The show offered Americans an opportunity to see Trump as he saw himself: a successful real estate mogul with towering skyscrapers, vast golf courses and the gusto needed to broker a good deal. A man who found redemption through hard work, an epitome of the American dream topped with a strawberry blond quiff. Twenty years later, Trump’s real estate empire is facing peril. For 11 weeks, the inner workings of his company have been discussed at a New York fraud trial. A judge has already decided Trump committed fraud. He will rule on punishment later this year. Trump’s companies could lose their New York licenses, making it nearly impossible for him to run his real estate business. He is also facing a vast fine – state lawyers made the case for a $370m penalty on Friday – which could force the company to sell off its properties. At this point, prosecutors and Trump’s defense team have rested their cases. Closing arguments are set to take place on Thursday. The last three months offered Trump and his lawyers their chance to defend Trump in court against accusations that he purposely exaggerated his net worth on government documents. Instead, they worked to uphold the shimmering portrait Trump has painted of himself for the last 40 years. The story that gave Trump celebrity and, ultimately, the White House could lead to the downfall of his company. Deja vu in court A scathing pre-trial summary judgment made the trial an uphill battle for Trump’s team. Issued on 26 September, less than a week before the trial started, the ruling said documents submitted by prosecutors showed Trump had committed fraud. The ruling is currently under review by an appellate court, but if upheld, Trump will lose his business licenses, severely curtailing his real estate business in New York. The ruling was supposed to dramatically narrow what the trial should cover. Instead, Trump and his team relied on many of the arguments judge Arthur Engoron had already struck down in his ruling. If figures on government documents were wrong, Trump’s lawyers argued, it was the fault of Mazars USA, the Trump Organization’s former accounting firm. “Every decision I made was based on all the information that I would have gotten from Mazars,” Donald Trump Jr, a defendant in the case, said during his testimony. When asked whether it was the Trump Organization’s or Mazars’ duty to ensure the documents were accurate, Trump emphasized that the firm “got paid a lot of money to do this work”. But in his pre-trial ruling, Engoron noted that Mazars had disclaimers on the statements that said Trump was responsible for “fair representation” in the financial statement. Donald Trump sits at the defense table with his attorneys Christopher Kise, left, and Alina Habba in New York state supreme court on 7 December. “The Mazars disclaimers put the onus for accuracy squarely on the defendants’ shoulders,” Engoron wrote. Inside and outside the courtroom, Trump also tried to argue the merit of the “worthless clause”, a disclaimer on the financial documents that he argues signals to lenders that the estimations on the financial documents are “worthless”. Again, in his pre-trial ruling, Engoron had deemed the worthless clause argument moot. “The ‘worthless clause’ does not say what defendants say it says, does not rise to the level of an enforceable disclaimer and cannot be used to insulate fraud,” Engoron wrote. Will Thomas, a professor of business law at the University of Michigan, said that Trump’s team seemed to largely offer arguments that were “about whether the court got its summary judgment wrong”. “It’s not that they’re entirely irrelevant, but I don’t suspect that any of that stuff really meaningfully moved the needle” for Trump, he said. What also didn’t help Trump is the seeming evasiveness he and other Trump Organization executives, including his two adults sons, showed on the stand when faced with documents that implied they were aware that their valuations were inflated. Thomas noted that Engoron will have a lot of leeway in interpreting evasiveness on the stand. If Trump appeals, the appellate court “can review legal statutes, judicial opinions – they can assess whether the trial court got the law right”, he said. “But they’re not in the courtroom. They can’t judge all those intangibles that go with live testimony. So the standards of review make it really hard to overturn factual determinations, particularly when it comes to something like ‘Which witnesses do I give credence to?’,” Thomas said. 'Something Will Crack': Supposed Prophecy of Donald Trump Goes Viral *Nearly 20-year-old prediction by a late leftwing philosopher, widely shared, foresaw the rise of a TRUMP-Like ‘Strongman’* Americans trying to unpick the phenomenon of Donald Trump have turned to a late left-leaning academic, who predicted that old industrialized democracies were heading into a Weimar-like period in which populist movements could overturn constitutional governments. The strongman will ‘assure them that, once elected, the smug bureaucrats, tricky lawyers, overpaid bond salesmen, and postmodernist professors will no longer be calling the shots’. TRUMP appears to have already fulfilled this prediction, filling his transition team with lobbyists, including for the oil, telecoms and food industries. He had named a Republican loyalist to be his chief of staff, and a far-right nationalist – himself a former Goldman Sachs executive – as his “chief strategist”. __________________ PUTIN TRUMP & Netanyahu Will Meet in HELL ..................*SHARKS are Closing in on TRUMP*.......................... *TRUMP WARNS; 'There'll Be a Bloodbath* If I Don't Get Elected'..MAGA - MyAssGotArrested...IT's COMING** PLEASE HELP THIS SITE..Click DONATE & Thanks to ALL Members of ... 1.. THIS SITE IS MORE THAN JUST WAREZ...& TO STOP SPAM-IF YOU WANT TO POST, YOUR FIRST POST MUST BE IN WELCOMES

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