Trump's Troubles

I just listened to a podcast called History that Doesn’t Suck. It is by a professor from Utah and it’s a survey of American history. He just did an hour on the rise and fall of the kkk in the 1920s. It fell as quickly as it rose. At the end Greg the host said that movements that are all hate and nothing positive can be wide but they are inches deep and they never last. I think this maybe a little optimistic but I hope it’s accurate with the cult of trump.

 

In the 14 years of doing this, not once has my yearly training for this type of stuff said someone who told me the incorrect sq footage of a property is illegal or fraudulent. We will call them and tell them they are wrong once it is discovered (and it is extremely easy to find it), but we are taught that trying to get an appraiser to use the incorrect information is fraud.

My guess is they have an extremely long list of properties and his penthouse likely being one of the smallest he owns was an oversight.

When I have people with 5 plus properties, we are not overly concerned with each one's value or sq footage except for the properties being used as collateral. In fact, we never check on any of that since it means nothing to the loan. Unless the property is up for collateral, why should a bank care about it or even spend resources/time to look into it? The bank can't go after it anyhow.

Now more liquid assets like bank accounts, stocks, bonds, mutual funds, etc... are very carefully looked at. Giving false statements for any of these is fraud.

I am assuming they were not using his penthouse as collateral but then again, we dont know since this never went to a full trial.
It is likely one of the smallest assets he owns.

 

Now more liquid assets like bank accounts, stocks, bonds, mutual funds, etc... are very carefully looked at. Giving false statements for any of these is fraud.

I am assuming they were not using his penthouse as collateral but then again, we dont know since this never went to a full trial.
It is likely one of the smallest assets he owns.[/QUOTE]

Still making excuses and any needed assumptions to absolve to orange criminal.

 

Truth social is down 14 percent today on earnings, or lack thereof. The company generated 4.1 million in total revenue and is valued at 6 billion.
Seems sustainable.

 

https://www.cnbc.com/2024/04/01/trump-media-lost-58-million-last-year-sec-filing-shows.html

• Shares in Trump Media Technology Group fell sharply after the company reported a net loss of $58 million in 2023.
• The newly publicly traded social media company of former President Donald Trump had total revenue of just $4.1 million last year, according to a filing with the Securities and Exchange Commission.
• A year earlier, Trump Media & Technology Group reported a net profit of $50.5 million and total revenue of only $1.47 million, according to the 8-K filing.
• “TMTG expects to incur operating losses for the foreseeable future,” says the filing by the company, which has a market valuation of more than $6.5 billion.

 

Also.. no surprise:

"TMTG also disclosed to regulators that the company had identified “material weaknesses in its internal control over financial reporting” when it prepared a previous financial statement for the first three quarters of 2023."

 

Down 25 percent now. Still a long ways to go before it’s at a reasonable valuation, it’s still trading at over 1000 times earnings. I wonder if Trump cashed out a few hundred mill and that’s helping drive the price down.

 

Gag order expanded to include families of judge and prosecutors. If he violates it, lock his ass up! The rest of us would get locked up for that shit. Not holding my breath, he's spayshul.

 

TikTok won’t embed on here, but pretty amazing video, great way to start your day.

TikTok - Make Your Day

 

Rumor has it that Trump has lost $2 billion from the collapse of Truth Social stock.

Trump suffers $2bn hit as Truth Social stock slumps

 

https://www.politico.com/news/2024/04/02/donald-trump-victim-michigan-00150282

“I spoke to some of her family,” Trump said of Ruby Garcia, a 25-year-old woman who was allegedly killed by an undocumented immigrant in March. Of Garcia, he said: “she lit up that room, and I’ve heard that from so many people.”

According to Garcia’s sister, he did not hear that from any member of Garcia’s family. In fact, Mavi Garcia said Trump never spoke to the family at all.

“He did not speak with any of us, so it was kind of shocking seeing that he had said that he had spoke with us, and misinforming people on live TV,” Ruby Garcia’s sister told a Grand Rapids NBC affiliate.

Asked to explain the discrepancy between Trump’s remarks and the family’s comments, a spokesperson for the former president did not respond to a POLITICO request for comment.

 

In an open display of frustration, federal prosecutors on Tuesday night told the judge overseeing former President Donald J. Trump’s classified documents case that a “fundamentally flawed” order she had issued was causing delays and asked her to quickly resolve a critical dispute about one of Mr. Trump’s defenses — leaving them time to appeal if needed.

The unusual and risky move by the prosecutors, contained in a 24-page filing, signaled their mounting impatience with the judge, Aileen M. Cannon, who has allowed the case to become bogged down in a logjam of unresolved issues and curious procedural requests. It was the most directly prosecutors have confronted Judge Cannon’s legal reasoning and unhurried pace, which have called into question whether a trial will take place before the election in November even though both sides say they could be ready for one by summer.

In their filing, prosecutors in the office of the special counsel, Jack Smith, all but begged Judge Cannon to move the case along and make a binding decision about one of Mr. Trump’s most brazen claims: that he cannot be prosecuted for having taken home a trove of national security documents after leaving office because he transformed them into his own personal property under a law known as the Presidential Records Act.

The prosecutors derided that assertion as one “not based on any facts,” adding that it was a “justification that was concocted more than a year after” Mr. Trump left the White House.


Frustrated Prosecutors Ask Trump Documents Judge to Act on Key Claim

 

Trump's $175 million bond was rejected by the courts. He didn't file a a current financial statement. Trying to hide how broke he is, maybe?

 

the guy who owns the company that issued the bond said it was “an easy decision” because it was fully guaranteed by cash. I’m almost certain that 100% horseshit and any (non fraudulent) financial statement would show that.

 

Conning investors out of $4B instead of $6B is still a great feat. I am in awe of his powers. Although con is a little too harsh as all the info is out there. People are chosing to invest with transparency. My hat is off to Donald J Trump. He can create value for himself.

 

He's got a 50% chance of getting a free personal call option on the US government. And every last element that that entails.

Contracts? Communication?Secret information? There's no telling how he might monetize and sell out the country for personal gain in a lame duck second term. Perhaps no limit.

His larger "investors" know this calculus perfectly well. It's all totally insane, really.

 

Interesting info on how campaign donations to Trump are being handled going forward and how they were used in the past few years.

The first $6600 of a donation goes to Trump's 2024 campaign and can't be spent on his legal bills. 100% of the next $5000 goes to his "Save America" (really save Trump's ass fund) PAC. All of that money pays Trump's legal costs. Anything over goes to the RNC. This video also discusses a NYT article that tracked how donations have trickled down to pay Trump's legal bills over the last several years.

1. $254.1 million raised, $107 to Trump's legal issues. (42%)
2. $84.6 million raised, $27.2 million to legal costs. (32%)
3. $104.2 million raised, $59.3 million to legal costs. (57%)

 

Yep, she may as well be wearing a maga hat in the court room. pathetic