Donald Trump

2022 - 9 - 22

Post cover
Image courtesy of "Politico"

Financial fraud charges against Trump puts light on abusive tax ... (Politico)

A tax-gaming tactic that former President Donald Trump is accused of using to reap millions of dollars in fraudulent tax breaks has been in the crosshairs ...

“This case shows the importance of our investments to rebuild the IRS,” he said. County golf club, though the suit didn’t put a number on how much it boosted Trump’s tax break in that instance. Chuck Grassley (R-Iowa), a former Finance chair, have sought to crack down on those schemes. Trump has claimed conservation easements on several of his properties. “Syndicated easements have basically weaponized the technology for widespread sale. A tax-gaming tactic that former President Donald Trump is accused of using to reap millions of dollars in fraudulent tax breaks has been in the crosshairs of the IRS and lawmakers for years.

Post cover
Image courtesy of "The National"

Allegations of business fraud against Donald Trump includes ... (The National)

FORMER US president Donald Trump has been accused of inflating the value of his Aberdeenshire golf resort as part of a case being brought by New…

She is seeking to replace the current trustees of Trump’s revocable trust, which controls his business interests, with an independent trustee and to bar Trump and the Trump Organisation from entering into commercial real estate acquisitions for five years. James, who is a member of the Democratic Party, is seeking to remove the Trumps from businesses engaged in the alleged fraud and wants an independent monitor appointed for no fewer than five years to oversee the Trump Organisation’s compliance, financial reporting, valuations and disclosures to lenders, insurers and tax authorities. Attorney General Letitia James’s lawsuit, filed in state court in New York, is the culmination of a three-year civil investigation into Trump and the Trump Organisation.

Post cover
Image courtesy of "POLITICO Magazine"

The Best Way To Save The Constitution From Donald Trump Is To ... (POLITICO Magazine)

Donald Trump speaks. Trump may be an enemy of the Constitution but he is also the president who most zealously exploited its defects ...

The Supreme Court struck down much of FDR’s initial program, but the New Deal’s core assumption — that we live in a national economy with a robust and responsive national government — prevailed, helped along by a dramatically new understanding of the interstate commerce clause. Abraham Lincoln used the exigencies of war to eradicate slavery, even as slavery until that time had been regarded as a protected constitutional right. But the rural conservative voter in California — which had more Trump voters than any state, even as he lost it by nearly 30 points — has more in common politically with a rural conservative from South Dakota than either have with urban progressives in New York or San Francisco. The great concern of the framers was creating a system of government with the capacity for self-critique and self-correction. It takes three quarters of the states to approve an amendment, a provision that gives many small, conservative states wildly disproportionate power over the fate of the nation. The Constitution was written at a time when states were indeed foundational — a central part of people’s identity and way of life. Here, though, is where the breakdown in constitutional consensus becomes potentially climactic — as it did during the Civil War, and threatened to in the New Deal. Anyone who is not a Trump backer properly bemoans the breakdown in constitutional consensus that allows his supporters to tolerate or celebrate his election denialism, in addition to other efforts to insulate himself from rule of law. Correcting or circumventing what progressives reasonably perceive as the infirmities of the Constitution, in fact, seems likely to be the preeminent liberal objective of the next generation. 17 (you knew that, right?) and in the week before and continuing this week there have been a gusher of speeches and symposiums devoted to extolling the Constitution and illuminating the threats to it. Long-term, however, the more bracing challenge to constitutional consensus is likely to come from the left, from believers in activist government. He was in office in the first place because the presidency is chosen by the Electoral College rather than by the popular vote.

Post cover
Image courtesy of "The Guardian"

First Thing: Do the latest legal woes spell the end for Donald Trump? (The Guardian)

New York civil lawsuit accusing Trump family of 'staggering' fraud could derail presidential bid, experts say. Plus, the case for a 'marriage sabbatical'

Abortion rights drove voters to the polls in [deep-red Kansas](https://www.theguardian.com/us-news/2022/aug/03/kansas-abortion-vote-state-constitution). The Democrats have passed [major legislation.](https://www.theguardian.com/us-news/2022/aug/16/biden-signs-inflation-reduction-act-landmark-healthcare-climate-bill) There has been a sharp increase in women registering to vote after the supreme court [overturned Roe v Wade](https://www.theguardian.com/world/2022/jun/24/roe-v-wade-overturned-abortion-summary-supreme-court). While previous studies have suggested our food preferences may begin before birth, the team says the research is the first to look directly at the response of unborn babies to different flavors. Only two companies control 40% of the global commercial seed market, compared with 10 companies controlling the same proportion of the market 25 years ago, according to the ETC Group, an eco-justice organisation. The international Meanwhile, Biden said on Monday the pandemic was ending – a message that [polling suggests](https://thehill.com/homenews/campaign/3650684-why-biden-is-seeing-a-rise-in-the-polls/) Joe Biden is [on a roll](https://www.nbcnews.com/now/video/president-biden-s-approval-numbers-on-the-rise-nbc-news-poll-shows-148840517702), reclaiming some of the ground he lost earlier in his presidency. The UK’s defense ministry says Russia needs the manpower to continue its fight. These are the largest protests since Putin launched his invasion in February. Could the New York civil fraud suit bring down the Trump Organization? “He’s got too many burdens, too much baggage to be able to run again even presuming he escapes jail, he escapes bankruptcy. But the cascade of criminal, civil and congressional investigations could yet derail that bid.

Post cover
Image courtesy of "Mortgage Professional America"

Donald Trump in legal trouble over property valuation fraud (Mortgage Professional America)

Donald Trump is facing a lawsuit from New York attorney general Letitia James, who accuses the former president, his three grown children, and the Trump ...

We are confident that our judicial system will not stand for this unchecked abuse of authority, and we look forward to defending our client against each and every one of the Attorney General’s meritless claims.” “Donald Trump falsely inflated his net worth by billions of dollars to unjustly enrich himself and cheat the system,” said James. The complaint also seeks to ban the Trump Organization from acquiring commercial real estate or receiving loans from any New York-registered financial institution for five years.

Post cover
Image courtesy of "The Guardian"

Trump claims presidents can declassify documents 'by thinking ... (The Guardian)

Ex-president tells Sean Hannity: 'Because you're sending it to Mar-a-Lago or wherever … There doesn't have to be a process'

There can be a process, but there doesn’t have to be. There doesn’t have to be a process. Does that change its status?’ are so speculative that their practical meaning is negligible. Trump also told Hannity “there was nothing that was hiding” when boxes were packed to be taken to Mar-a-Lago from the White House in Washington. Some were labeled top secret. [Speaking](https://www.politico.com/news/2022/09/21/trump-i-could-declassify-documents-by-thinking-about-it-00058212) to Sean Hannity of Fox News in an interview broadcast on Wednesday, the former US president said: “Different people say different things but as I understand it, if you’re the president of the United States, you can declassify just by saying it’s declassified, even by thinking about it.

Post cover
Image courtesy of "The Washington Post"

Trump says presidents can declassify docs 'even by thinking about it' (The Washington Post)

During an appearance on Sean Hannity's Fox News show, Donald Trump provided no evidence that he had declassified documents seized from his Mar-a-Lago ...

[Trump issued a “standing order”](https://twitter.com/Acyn/status/1558261235883311106) while in office that documents taken to his residence would instantly be declassified. His lawyers have resisted doing so in front of [special master](https://www.washingtonpost.com/lifestyle/2022/09/06/special-master-trump-documents/?itid=lk_inline_manual_18) Raymond Dearie, the U.S. A GSA spokesperson disputed that, saying while the office assisted with shipping boxes to Florida, it did not pack any. The task was mostly performed by General Services Administration employees, he said, referring to the office that plays a prominent role in presidential transitions. On Hannity’s program, Trump called the lawsuit part of a politically motivated “witch hunt” that has been brewing since he first ran for office. His appearance also followed an announcement earlier in the day that New York Attorney General Letitia James was filing a lawsuit accusing him and his three children of manipulating property values to deceive lenders, insurance brokers and tax officials.

Post cover
Image courtesy of "The New Yorker"

Nation Stunned to Learn Trump May Have Committed Fraud (The New Yorker)

As news of the New York State attorney general's fraud lawsuit against Trump spread like wildfire across the Internet, Americans expressed shock and incredulity ...

“Anecdotally, I’m hearing that kids are taking the news particularly hard,” he said. For heaven’s sake, he even ran a university!” I hope to God these fraud charges are some kind of mixup.”

Post cover
Image courtesy of "The New Yorker"

Breaking Down New York's Long-Awaited Fraud Lawsuit Against ... (The New Yorker)

Letitia James, the New York attorney general, claims that the Trump Organization illegally obtained hundreds of millions of dollars by systematically ...

In 2013, for example, it valued its leasehold at 40 Wall Street, an office and retail-space building, at $530 million, despite a bank-ordered appraisal the prior year that valued it at $220 million. The complaint also alleges that, in 2016, the Trump Organization misled an outside appraiser that prepared a valuation of the Seven Springs property, which it then submitted to the Internal Revenue Service in support of an application for a conservation easement “that ultimately, and fraudulently, reduced Mr. Trump’s guilt beyond a reasonable doubt, and we believe that the prosecution would prevail if charges were brought.” It also doesn’t contain any suggestion that the government has any coöperating witness inside the Trump Organization who could testify about Trump’s personal culpability. “Trump falsely inflated his net worth by billions of dollars to unjustly enrich himself and cheat the system,” James said, in a statement. In 2014, the complaint says, Ivanka was granted an option to buy a penthouse at Trump Park Avenue for $14.3 million, but the apartment was valued in the Trump Organization’s 2014 “Statement of Financial Condition” at $45 million. The Wall Street Journal quoted Alina Habba, a lawyer for Trump, as saying that the lawsuit’s claims were meritless. One of them, Mark Pomerantz, said, in a resignation letter to Bragg that was made public, “I and others have advised you that we have evidence sufficient to establish Mr. It also says that Trump’s alleged deceptions reaped him and his co-defendants financial benefits worth up to an estimated $250 million, and asked the court to force him to repay these gains, plus interest. “In fact, the very foundation of his purported net worth is rooted in incredible fraud and illegality.” (Trump, whom Greenberg believes made the calls himself, wanted to be higher on the rich list.) According to the lawsuit, Trump’s son Eric was “taking the lead” on Seven Springs estate, a large property in Westchester County, New York—which Trump bought for $7.5 million, in 1995, but between 2011 and 2021 valued at up to $291 million.

Explore the last week