Fraud

Donald Trump is a fraud but you don’t have to take my word for it. You can take the word of all the people he scammed out of thousands of dollars with his fake university, whom all he reimbursed after settling lawsuits and closing the fake school down.

Or, you can take the word of National Review, a conservative magazine that called Trump University a “massive scam.”

Or, you can take the word of the court that ordered the closure of the Trump Foundation, a fake charity Trump ran to use other people’s money to purchase gifts for himself and to make donations that his presidential campaign would claim.

Or, you can take the word of New York Judge Arthur Engoron who yesterday found that the Trump Crime Family, Donald, Jr, and Eric, had overvalued several of Trump’s properties and exaggerated his net worth to secure loans and business deals.

For decades, Trump has lied about his wealth. He claimed he was a self-made billionaire leaving out the fact his daddy bailed out his failed ventures repeatedly. Donald Trump has always claimed he’s worth over $5 billion but he’s probably only worth around $2 billion at best with most of that being in assets. Donald Trump probably couldn’t gather a billion dollars in cash.

Now, several of Trump’s properties will be handed over to independent receivers in what some have described as a “corporate death penalty.” John Moscow, a former financial crimes prosecutor for the Manhattan District Attorney’s Office, told Business Insider that this means, “You are no longer a company, and the judge is appointing someone to take over the assets and distribute them as the court sees fit.” Donald Trump may possibly lose his most valuable and prized properties.

On the list are Trump Tower, Mar-a-Lago, Trump Park Avenue, and 40 Wall Street.

The judge noted that Mar-a-Lago’s market value is estimated to be between $18 million and $27.6 million, but Trump had put it between $426.5 million to $612.1 million in filings, “an overvaluation of at least 2,300 percent.” Eric Trump defended overvaluing property by overvaluing their property and tweeted that Mar-a-Lago is worth over $1 billion. He truly is the dumb one.

In regards to Trump Tower on 5th Avenue, where Trump had his three-story penthouse, the judge wrote, “If the area is rounded or oddly shaped, it is possible measurements of square footage could come to slightly differing results due to user error. Good-faith measurements would vary by as much as 10-20 percent, not 200 percent.” Trump overestimated the value by between $114-$2017 million.

Trump inflated the value of each unit in Trump Park Avene between as much as 700 percent in 2014 and 64 percent in 2021.

Multiple independent appraisals valued Trump’s holdings at 40 Wall Street at $200-$220 million between 2010-2012, but Trump gave it a value of between $524.7 million and $527.2 million. In 2015, an independent assessor gave 40 Wall Street a value of $540 million but Trump listed it as being worth $735.4 million.

Trump also overvalued Seven Springs Estate, a mansion on 200 acres north of New York City, and his Scottish golf club. The Scots who have referred to Trump in the past as a “degenerate corned beef face syrup-wearing wankstain” will most certainly be pleased.

Trump called the ruling “unAmerican” and that his “civil rights have been violated.” He said this was another attempt to keep him from winning the 2024 presidential race. But why would anyone need to take Trump to court to stop him from winning the presidency in 2024? None of that was needed in 2020.

Trump’s lawyers asked the judge to throw out the case, arguing that there wasn’t any evidence the public was harmed by Trump’s actions. They also argued that many of the allegations in the lawsuit were barred by the statute of limitations. They admitted he was guilty and five of them were fined $7,500 each as punishment for “engaging in repetitive, frivolous” arguments. It’s a mystery how Trump cons any lawyer into working for him.

I’ve been speculating for years that Donald Trump will eventually lose the bulk of his properties. That day is getting nearer. The biggest non-shock from all this is that Donald Trump is a fraud. Duh.

If you are giving money to this so-called billionaire who barely pays taxes, has defrauded thousands of people repeatedly, and is a pathological liar, then you are a special kind of stupid, or as the Scots might say, a “witless fucking cocksplat.

Music note: I listened to Creedence.

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