General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumsof 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.
Ohiogal
(31,917 posts)How did he get away with this for so long?
bigbrother05
(5,995 posts)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)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.
I get that the SDNY is all over this now but why werent they then?
unblock
(52,123 posts)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)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)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)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 projectsthus 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.
lame54
(35,264 posts)Bleed it out and torch it
Wounded Bear
(58,603 posts)lame54
(35,264 posts)When the restaurant gets taken over by the mob
Blue_Tires
(55,445 posts)BSdetect
(8,995 posts)I suspect massive bribes and threats were employed.
maxsolomon
(33,252 posts)the IRS is toothless, by GOP design. individual reviewers are intimidated by threats from by high-powered lawyers.
discntnt_irny_srcsm
(18,476 posts)(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.