New York AG suing Trump , his foundation and his kids

[wolfpup]

The good news for Trump: there are so many other simultaneous scandals around his administration that this is getting pushed down in the news. Currently at the top of CNN: Manafort has bail revoked and is going to jail, and in possibly related news, Trump’s fixer Cohen signals he may be willing to cooperate with investigators. Trump has already been twittering away about Manafort: it is, naturally, “very unfair”.

[Sage_Rat]

@septimus

Am I correct that this is a civil suit, that the Trump-family criminals aren’t being charged with any misdemeanors, let alone felonies?

IANAL, obviously, but I am continually dismayed that, say, selling loosies on the sidewalk is a criminal offense, but bilking donors and taxpayer out of millions is not. I’m not asking for an explanation of criminal codes, just to confirm whether this is another example where Mr. Bumble was right: “the law is a ass — a idiot.”

It looks like most of the relevant crimes are Federal, so they issued referrals. The state doesn’t itself care about self-dealing or federal campaign laws, just the charity, and the applicable laws for charities seem to be based around fines and shutting down the charity.

[bobot]

@wolfpup

… Manafort has bail revoked and is going to jail, and in possibly related news, Trump’s fixer Cohen signals he may be willing to cooperate with investigators. …

Draining the swamp! One Trump criminal at a time.

[Starving_Artist]

@Sage_Rat

My understanding was that the money in question was seed money that DJT received from his father back in the 70s.

https://www.cnn.com/2015/10/26/opinions/dantonio-trump-small-loan-from-father/index.html
Hyatt Grand Central New York - Wikipedia

Now, assuming Trump worked a job, then this $1m would not go into living expenses. And given that the examples that we’re talking about were saying that if Trump had simply put the money in stocks and sat on them (i.e., not actively managing nor living off dividends), then we would expect him to increased the $1m to $3.1b, according to this Dow Jones calculator:

Dow Jones Industrial Average Return Calculator, Dividends Reinvested

And it should be noted, however you want to calculate it, the salient point is that there are some very good reasons to believe that Trump lives beyond his means and runs his businesses horribly. Which, true, has nothing to do with this particular little “what if” scenario, but it is a piece of evidence that he could have done better than he has.

Thanks for the post. Had to leave for work, more later.

[Bijou_Drains]

he built original NYC Trump Tower but probably used borrowed money to build it.

[HMS_Irruncible]

@Bijou_Drains

he built original NYC Trump Tower but probably used borrowed money to build it.

Probably used borrowed money to build everything… that’s what you do in business, never risk your own money.

The speculation is… did the businesses earn sufficient return to repay the loans? Who did he borrow from? How much does he still owe, who does he owe it to, and what are the repayment terms?

My pet conspiracy theory is that, believing Cohen could cover any of his indiscretions, he signed a pre-nup with Melania where she could divorce him and take most of his stuff if they get divorced (which includes his other childrens’ inheritance). They take off back to Eastern Europe, Barron gets the smoking remains or Trump Organization, Trump himself is on the Edward Snowden retirement plan at an undisclosed location in Moscow.