Lying,
Cheating, and Outright Fraud: In their DNA
(More
than in Warren's DNA)
The Sleazy Trump Empire, Inc. has been built on lies, deception,
fraud, deceit, and utter phoniness. A super story that is a must read is here (joint
project from Propublica and WNYC (pubic radio in NYC).
The article
is a very in-depth and very extensive and detailed analysis of perhaps the
phoniest family of con-artist flim-flam frauds in American political history:
The Trump’s.
The story is long and detailed – it will take plenty
of time to read it, but it is truly necessary for history’s sake with my quick summary
being this: “We must never allow this kind of people to gain the power in
government that they now have – never.”
The Trumps have
come close to spelling doom for our American society and way of life that we
all claim to love and cherish and will defend. In short, they have to go away
any legal way possible.
EXTRACT AND INTRODUCTION FROM
THE STORY THAT LAYS OUT THE PATTERN OF THIS CORRUPT FAMILY:
Trump and his company typically say they are or were
merely licensing the Trump name on real estate projects in exchange for a fee,
and that they weren’t the developers or in any way responsible.
The Trumps
were typically way more than mere licensors or bystanders in their
often-troubled deals. They were deeply involved in these projects. They helped
mislead investors and buyers — and they profited handsomely from it.
Patterns of
deceptive practices occurred in a dozen deals across the globe, as the business
expanded into international projects, and the Trumps often participated.
One common pattern, visible in more than half of those
transactions, was a tendency to misstate key sales numbers. For example, in
interviews and press conferences for example: Ivanka Trump gave false sales figures for
projects in Mexico’s Baja
California; Panama City, Panama; Toronto, Canada, and New York’s SoHo
neighborhood.
Those
statements weren’t just the legendary Trump hype; they misled potential buyers
about the viability of the developments.
Another common pattern was Donald J. Trump himself repeatedly
misleading buyers about the amount (or existence) of his ownership in projects
in Tampa, FL; Panama; Baja, and elsewhere. For a tower planned in Tampa.
For
example, Trump told a local newspaper in 2005 that his ownership would be less
than 50 percent, adding: “But it’s a substantial stake. I recently said I’d
like to increase my stake but when they’re selling that well they don’t let you
do that.”
In
reality, Trump had no ownership stake in the project.
The Trumps often made money even when
projects failed. And
when they tanked, the Trumps simply ignored their prior claims of close
involvement, denied any responsibility and walked away – very rich in most
cases.
That cycle was exemplified in Panama City, where the
Trumps were involved in a project to build a massive tower and complex known as
the Trump Ocean Club.
The project’s unfortunate turns included bankruptcy,
then, years later, the forcible ejection of the Trump Organization from
managing the hotel.
There, as
elsewhere, the Trump Organization disclaimed responsibility. It emphasized that
it had merely licensed the Trump name to developers who handled everything from
construction to marketing.
In a
statement last year their organization said: “The Trump Organization was not the owner, developer or seller of the
Trump Ocean Club Panama project. Because of its limited role, the company was
not responsible for the financing of the project and had no involvement in the
sale of units.”
That was
false.
For starters, Trump arranged
financing — his promised commission: $2.2
million or more — by bringing in investment bank Bear Stearns, which
issued the bonds that paid for the Panama project’s construction.
Trump also touted
himself as a “partner” of the developer. His
daughter Ivanka briefly boasted that she had personally sold 40 units.
(Note: A broker on the project said he couldn’t
remember her selling even one.)
Meanwhile,
Ivanka told a journalist at the time that “over 90 percent” of the Panama units
had sold — and at prices five times as high as comparable buildings. Both
statements were untrue. Not only were the Panama sales figures inflated, and
not true, but many “purchases” turned out to be an illusion.
Finally, these examples
are no coincidence: That
is the way the Trump’s operate to defraud and cheat and fool people and now we
know how they did and probably still do – the fact is they have so many messes
that no single one sticks enough to prosecute them and that is due to their clever,
slick, and well-paid team of attorneys and I’m sure there are plenty.
My 2
cents:
Summary as you continue
to read and access this article –which is both enlightening and scary about the
double-dealing of this family – we are left to ask “What debris will they leave
for the country when they leave and BTW, the sooner the better – time-limit or
in handcuffs in Federal custody heading for a national development: Leavenworth
would be fine with me.
Enjoy the story – surely worth to know – but what’s
next?
Thanks for stopping by.
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