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unblock

(52,123 posts)
Wed May 8, 2019, 10:19 AM May 2019

of donald fraud's billion in "losses",

how much of that was him spending it on himself, his payoffs, etc.?

he's the kind of person who writes off all personal expenditures as a business expense....

i had dinner in a restaurant? i mentioned the stock market once, so, hey, business expense.
bought another mansion? i make business calls from there, so, hey, business expense. or investment. either way.

you get the idea....

granted a billion is a ton of money, i'm not suggesting that he actually had a profit. i'm merely suggesting that he's not just a bad businessman, he's also a slime and a crook.

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of donald fraud's billion in "losses", (Original Post) unblock May 2019 OP
The question in my mind is Ohiogal May 2019 #1
+1 2naSalit May 2019 #2
When legitimate banks/investors caught on, he turned to the Russians bigbrother05 May 2019 #3
I think that is the money shot... Wounded Bear May 2019 #9
Right? MontanaMama May 2019 #4
get away in what sense? unblock May 2019 #5
If the IRS Reviewer questioned his return, maxsolomon May 2019 #14
I read somewhere this morning - cilla4progress May 2019 #6
Oh yeah, he knows every dirty trick in the book. All the "losses" came back to bit... brush May 2019 #7
I'm sure those bankruptcies were on purpose... lame54 May 2019 #8
He has weaponized the court system to his advantage... Wounded Bear May 2019 #10
It's explained perfectly in Goodfellas... lame54 May 2019 #11
holy damn... Blue_Tires May 2019 #12
What fault in the system allows these scum to rampage through with such lies? BSdetect May 2019 #13
bribes, no. threats, yes. maxsolomon May 2019 #15
This exchange from a movie reminds me a lot of 45: discntnt_irny_srcsm May 2019 #16

bigbrother05

(5,995 posts)
3. When legitimate banks/investors caught on, he turned to the Russians
Wed May 8, 2019, 10:27 AM
May 2019

After multiple failures and his obviously cooked books, his only recourse is to use money laundering sources.

Notice that they let him keep the casinos, but even those went under and were fined for abetting criminal activities.

He talks like a mob boss because that is his role model.

Wounded Bear

(58,603 posts)
9. I think that is the money shot...
Wed May 8, 2019, 11:31 AM
May 2019

how much does he owe the Russians?

Deutsche Bank is rather well known as a money laundering front, with Russians being some of the biggest clients.

unblock

(52,123 posts)
5. get away in what sense?
Wed May 8, 2019, 10:28 AM
May 2019

banks seemed to have figure him out and stopped doing business with him, all except deutsche bank, and we can guess as to some criminal angle there.

did he cheat on his taxes? probably, but the recent revelation doesn't prove it, at least not yet. even on du, most people seem to accept that the stated losses are real -- embarrassing rather than criminal.


that pretty much leaves the media angle, which i'd agree is massively frustrating. he was clearly a horrendous businessman at best. it goes to show how someone can keep a decent media image if they're willing to spend enough on it, and donald fraud clearly spent a ton of time and effort and money on it. well, not sure about money, but certainly time and effort....

becoming the host of a game show was certainly a huge boon to his image. donald fraud realized that by pivoting from businessman to tv personality, he'd get a different kind of celebrity that does seem to wipe out the past. hey, he's a famous tv guy, who cares about what he did before?

maxsolomon

(33,252 posts)
14. If the IRS Reviewer questioned his return,
Wed May 8, 2019, 12:25 PM
May 2019

he intimidated them with threats of ruinous legal harm. Cohen wasn't his only fixer, but the same methods were applied.

And the IRS management didn't back them up, so the reviewer just folded. Once the loss was on the books, he could zero his income out for years.

"That makes me smart". No, it makes you an unethical, sociopathic bully.

David Cay Johnson said this morning that Trump's accountant testified that his signature had been faked on a return; that's criminal tax fraud. If only the IRS hadn't had it's spine removed by the GOP decades ago.

cilla4progress

(24,718 posts)
6. I read somewhere this morning -
Wed May 8, 2019, 10:28 AM
May 2019

and I think a GREAT point to hammer home: he cheated the US MILITARY out of funding with all his sketchy writeoffs. He CHEATED OUR BLESSED MILITARY MEN AND WOMEN out of flak jackets, weapons, financial support by gaming the system for his own personal fat ugly orange ass gain.

brush

(53,743 posts)
7. Oh yeah, he knows every dirty trick in the book. All the "losses" came back to bit...
Wed May 8, 2019, 11:02 AM
May 2019

him in the ass though as American banks stopped loaning him money that he would then lose in poor business investments. Remember trump airlines, and all those Atlantic City Casinos (He of course overdid it in AC and opened several casinos that competed against each other. Stupid is as stupid does)?

After all those failures and the money laundering he was doing, he had to go to the Russian oligarchs to get money for his projects—thus his indebtness to Putin, who the oligarchs are in cahoots with.

He's so in hock to Russia and it's so obvious. Never anything but asskissing towards Putin. I bet he's really broke. I mean if you have a million in the bank but owe two million, you're fucking more than just broke. You're so underwater you have to come up from negative territory before you can even say you're broke.

BSdetect

(8,995 posts)
13. What fault in the system allows these scum to rampage through with such lies?
Wed May 8, 2019, 12:19 PM
May 2019

I suspect massive bribes and threats were employed.

maxsolomon

(33,252 posts)
15. bribes, no. threats, yes.
Wed May 8, 2019, 12:27 PM
May 2019

the IRS is toothless, by GOP design. individual reviewers are intimidated by threats from by high-powered lawyers.

discntnt_irny_srcsm

(18,476 posts)
16. This exchange from a movie reminds me a lot of 45:
Wed May 8, 2019, 12:49 PM
May 2019

(In this scene, just after the breakup of the Soviet Union, two men walk through a warehouse full of AK-47 rifles and ammunition. Yuri is a somewhat unscrupulous arms dealer. Dmitri, his uncle, is a high ranking general in the former Soviet Army. As they walk, they discuss the rifles.)
YURI: How many Kalashnikovs do you have?
DMITRI: (referring to the inventory record he is carrying) 40,000.
YURI: (looking over Dmitri's shoulder) Is that a "4"? It doesn't look like a "4" to me. It looks more like a "1".
DMITRI: (missing the point) No, it's a "4".
YURI: It's whatever we say it is because no one else will know the difference. (Dmitri finally gets it.)
YURI: 10,000 Kalashnikovs for a battalion. Your stocks are dangerously depleted, Dmitri. You should order more from the factory.
DMITRI: Someone will work it out, Yuri. What happens then?
YURI: (shrug) We'll cut them in.

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