Thursday, October 18, 2018

Trump Loves Insulting Nicknames: We the People Have One for Him "Serial Liar"

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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