I’d sure hate to see anything like this but that sounds to my non-lawyer self like a remedy in a civil case. In a criminal case there has to be some sort of public statement by the accused admitting guilt or a finding of guilt by a judge or jury. Right? Trump Org doesn’t have enough money to buy a confidential settlement. At least, it/they/he shouldn’t. Money for the government isn’t the goal here. I’d rather see a criminal case go to trial with a substantial chance of acquittal than let them off with a huge fine of some sort where everything is buried. Put people in the witness chair. Make them squirm. Grant immunity, if necessary. Put old men in prison, if that’s what it takes There really needs to be an example made in order to deter like behavior in the future. Hey, I can dream.
Who could DB reasonably sell the loans to? I would think any bank would also be looking to distance themselves from Trump.
I think it would be funny if the Sinaloa Cartel bought them, but I doubt that’s possible.
Hmmm. Maybe Jeff Bezos should buy them.
They are. The ruble launderers were the only ones willing to do business.
I’m sorry. I meant to respond to this.
No way to know if the loans are overdue.
You’re right – Deutsche Bank was looking to sell the loans – but as @anny_m points out, there’s no market for them. I also agree with @skywatcher that the Russians were the only ones willing to buy those loans and maybe already have (see below)!
I imagine Deutsche Bank, as primary lender, will want to stake out their turf as first in line for repayment as properties are liquidated. I do recall there was some serious speculation that Russian oligarchs had co-signed the loans, but no indisputable verification of that.
At the least, “no-contest” (“nolo”). Unless there’s some plea, the Court doesn’t have jurisdiction to impose a fine.
I am not a lawyer, and I pulled that speculation out of…the ether. It is just my impression that super-rich fuckers who steal/embezzle/fraudulently acquire millions of dollars rarely face any real justice.
Shorter version: the rich have differerent laws than the rest of us.
Tubalcain
-insert confused smiley-
I looked up Tualcain’s wikipedia page but don’t see the relevance. What am I missing?
It was a Newsradio reference. Jimmy James, the insanely rich owner of the radio station used the secret Masonic word “Tubalcain” in court which automatically made the judge rule in his favor. I guess it was obscure even for this board.
Judge:
Mr. James, all you have proven to this court is that you have a box full of junk. Never since The People vs. Junkyard Jones has a box of junk been so thoroughly documented. If I were this young man, I’d countersue you for defamation of character, and generally wasting everyone’s time. What do you have to say in your defense? [Joe whispers in Mr. James’s ear]
Jimmy James:
Tubal Cain.
Judge:
The court rules in favor of Mr. James and sentences the defendant to a month in a juvenile ward for psychiatric evaluation. Case dismissed.
I’ve heard of the show but never watched it myself need to check if its streamaing somewhere. I blame google for sticking me with biblical scholarship references rather than giving me the pop culture references I needed.
It is streaming for free on Crackle. So you can watch it without paying a dime. However, they are brutal with their commercial breaks; they are long and frequent. It’s not a great platform. You get what you pay for, I guess.
Based on this twitter thread - I’m not sure it matters if the loans are overdue (yet):
https://twitter.com/kurteichenwald/status/1410676547124707336
(this is very much outside of my knowledge and/or expertise). I may be reading everything wrong. But it may be a race for everyone to get their share out of the trump org before there’s nothing left to get.
Interesting reading but my god I wish this guy would just have a blog that he linked to on twitter. Reading that analysis at 280 characters a pop was painful. But not so painful that it overshadowed my Schadenfreudistic delight its contents. 
Kurt has epilepsy and was attacked and harmed with strobing light online. I don’t know if that has anything to do with why he uses Twitter rather than something else, but I name it in the spirit of tidbits.
An update: the NYT reports that Deutsche Bank thinks that it could only call the loans if Trump Org is charged and convicted with bank fraud. So we’ve got Forbes and the NYT, two very respectable business news outlets, with conflicting stories. Which is right? We’ll have to wait and see.
Vance should be ashamed of himself. Took the President of the United States to the Supreme Court twice because his tax returns contained “vital” information and he only gets an indictment against an old man for not claiming perks on his taxes which arguably he didn’t have to? This is banana republic shit.
No, no, no, not like this, try to be more histrionic. What you want to say is much more elegant and subtle and totally goes like this:
“Radical Left New York City and State Prosecutors, who have let murderers, rapists, drug dealers, and all other forms of crime skyrocket to record levels, and who have just announced that they will be releasing hundreds of people involved in violent crime back onto the streets without retribution of any kind, are rude, nasty, and totally biased in the way they are treating lawyers, representatives, and some of the wonderful long-term employees and people within the Trump Organization.”
I don’t know you, but I can admire the childish (“rude, nasty, and totally biased”) cynicism (“wonderful long-term employees and people within the Trump Organization”) maskerading as whataboutism. What I don’t know is if they believe that they will get away with it or if they are just writing this for show, but I doubt you are the right person to ask that. But if that works, by which I mean if it works for people other than you, somebody in the Trump Organisation knows something about human nature that I don’t.
Huh. Actual legal tax experts disagree with you.
I think I know whose opinion I’ll be going with.
From that article:
“Two sets of books” is a classic indicator of commercial fraud. If the prosecution can prove that, both Weisselburg and Trump Org are in trouble.
Well, it wasn’t Vance who took the case all that way. He subpoenaed records and the courts agreed that was proper all the way up. Most defendants just comply with subpoenas. And the Supreme Court rarely reviews decisions like that. Trump got due process, and more.
Of course Vance wouldn’t know what’s in the records until he sees them. Apparently, the Grand Jury and most commentators think those records reveal evidence of rather serious crimes. If the defendant “arguably didn’t have to” pay taxes on those perks, perhaps he’ll get acquitted. It happens. More likely he’ll be convicted. Seems to me we have pretty routine prosecution in a case where the State has significant evidence of wrongdoing. Nothing to be ashamed of that I see so far.