😂The financial monitor for Trump’s finances found another $50 million tax fraud. Just one of dozens upon dozens of frauds, misstatements under oath, illegitimate business practices, and intentional non compliance with the law and direct orders from courts. He got an F- and the monitor said the frauds have continued through the day she submitted her report. This is the report Engoron will use to determine how much to find the Trump org for persistent fraud. Hold onto your hat! 😂

The report included one massive fraud scheme from when he defaulted on loans for the Chicago tower to the tune of $50 million (most of his lenders don’t get paid back, despite his claims they do). The lenders were then blackmailed into “forgiving” those loans on the Chicago tower after he defaulted and he sued them! He then created a shell company to hold the $50 million he had just been “given” (that’s a way to avoid taxes on loan forgiveness, otherwise it’s income). The problem is that shell company then secretly “loaned” that $50 million to Trump and listed him as a bad risk but took no collateral, it was not repayed, seemingly “forgiven”.
Unfortunately for Trump, the Trump Organization (that controlled ALL of Trump’s businesses including the shell companies) has said there is no record of any $48-$50 million loan to Trump, it never happened…but he did personally take the money, it’s just not a loan.
That’s more tax fraud, more bank fraud, and likely wire fraud too. Probably a half dozen felonies for Trump personally in just that scheme. More cases for Trump just keep coming…while more lawyers keep going. Is it just the two idiot bimbos now? Seems like it.

So let’s recap…Hunter Biden didn’t pay his taxes for a few years and owed $1.5 million which he paid but is still being prosecuted.
In this one tax fraud scheme, Trump evaded paying taxes on $50 million, a minimum of another $15 million in taxes he evaded through fraud for at least a decade. He should get at least 10 times the sentence Hunter gets.

Recall, if he’s telling the truth about the value of Mar A Lago, he has evaded over $700 million in taxes to Florida alone on one single property. Trump is the biggest tax fraud in American history…and he’s caught….again.

Today’s bonus- The recent IG reports prove the Trump White House was a total pill mill, handing out hard core drugs without prescription, evaluation, or often even a patient’s name, handing out ungodly amounts of four opioid pain medications: fentanyl, hydrocodone, morphine and oxycodone, and dozens of other scheduled prescription medications like Provigil handed out by the bottle as “parting gifts” for visitors to the whitehouse…a total free for all at the pharmacy run by Trump’s “best people”. Over 2/3 of the patients weren’t even eligible for treatment by the office, but were handed bags full of schedule 1 narcotics for the asking.
https://www.washingtonpost.com/politics/2024/01/25/trump-white-house-medical-unit-drugs-improper/#

Lol. Trump, Barr, and likely Giuliani are now under subpoena in Hunter’s selectively prosecuted criminal case.
What do you want to bet they don’t show up and won’t produce documents?

😂 The ethics report on Santos is out. It reveals significant evidence that he not only lied about $750k in loans never paid to his campaign (but was reimbursed using political donations), but created shell companies and lied to fellow congressmen that they supplied political consulting to Trump (never saying he was sole owner and employee) then took their secret donations to Trump for his credit card bills and only-fans gay porn….and much much much more.
Quoted from the ethics committee report-
“The ISC’s investigation revealed a complex web of unlawful activity involving Representative Santos’ campaign, personal, and business finances. Representative Santos sought to fraudulently exploit every aspect of his house candidacy for his own personal financial profit.”
Republicans knew all this and much more when they recently voted to not remove or censure him.
He will be another albatross around your neck next election season….him, and the horrific Republican response to his criminality. 😂

Jesus Christ….Habba just introduced evidence that Trump claimed for valuation purposes that Trump tower is 72 stories, it’s 63.
Then she introduced evidence that Trump claimed Las Vegas Trump International Hotel in Las Vegas is 64 stories, its 56, the floors jump from 8 to floor 16 in one floor.
This is evidence his own lawyers supplied PROVING major intentional fraud. True, he’s already convicted of these and hundreds of other financial frauds, but it’s still just plain stupid to rub it in the trial judges face before he determines the punishment. WTF!?!
Trump is trying for a not guilty by insanity defense, Haba is going for an ineffectual council defense. 😂

Comer’s fraudulent impeachment inquiry uncovered his own land swap/shell company dealings with his own brother that are eerily similar to those he says are proof of Biden influence peddling, with the main difference being Biden loaned his brother $200k and got back $200k but in Comer’s convoluted back and forth land swapping with his brother tens of thousands of dollars just appear in the accounts with no way to account for it and they also never paid taxes on it while Biden’s brother can account for where every penny came from and has and neither Biden made a dime from it.

Bonus- 😂 Trump Media (Toth Senchal) has lost near $60 million in “value”, making it now worth $5-$25 million. Digital World Acquisition’s mission statement says they are looking for a company to invest in worth $500 million - $2 billion…which when they said it is what they assumed Trump media would be worth when shareholders bought in. Wow, is it a good thing for the investors that both companies colluded illegally to create this deal using falsified values, because they would have paid Trump $2 billion for his company that less than a year later is worth $5 million ACCORDING TO TRUMP HIMSELF.
Sounds like the buyout is off, Trump’s company doesn’t come close to meeting the requirements.
What an amazing businessman, took a guaranteed $2 billion payout and turned it into a shrinking $5 million joke because he just couldn’t help but break any financial/business law he sees.

Are you aware that most Republicans in DC are now legally barred from running for office under the constitution?

14th amendment clause 3- No person shall be a Senator or Representative in Congress, or elector of President and Vice President, or hold any office, civil or military, under the United States, or under any State, who, having previously taken an oath, as a member of Congress, or as an officer of the United States, or as a member of any State legislature, or as an executive or judicial officer of any State, to support the Constitution of the United States, shall have engaged in insurrection or rebellion against the same, or given aid or comfort to the enemies thereof. But Congress may by a vote of two-thirds of each House, remove such disability.

Now you understand why all Republicans voted against investigating The Jan 6 insurrection, the rebellion against the election. Sadly for them, that act is giving aid and comfort to the enemies of the state, so now they don’t even have to be implicated directly, their vote to not investigate invalidates them as candidates. Expect this to come up against Green next year.

Uh oh….the FEC, the election regulatory agency that Trump intentionally under staffed to the point that it couldn’t start an investigation much less conduct one has now been ordered to investigate the Trump campaign and the NRA that used shell companies to give Trump $25 million in 2016, a massive campaign donation limit violation, and used those shell companies to coordinate with the Trump campaign (and many other Republicans). Apparently this case was submitted to them years ago, but they didn’t have the legally required number of appointees to operate, and the few they had were Trump appointees not interested in investigating any charges against Republicans with a backlog of over 450 cases…so the FEC did nothing. Now they have been ordered by a judge to start the investigation in 30 days. Not going to go well for your people, they all played fast and loose under Trump, and there’s a new sheriff in town now.

If you noticed, they only get to pay the lower state tax rate in Delaware, Wyoming, or Nevada. LLCs don't shield them from federal taxes like off shore shell companies do. The shell companies allow them to pretend they don't have the money at all, and pay NO federal taxes.
Some Americans have been named already, with more to come. WOO HOO!

http://www.usatoday.com/story/news/2016/04/06/panama-papers-americans-with-past-financial-crimes/82704788/

The one problem with that is that, surprisingly, none of the revealed names are from the US. My country is well represented, as is Europe, but it seems that your countrymen didn't use Mossack Fonseca. Given that Panama based its laws on Delaware, perhaps they prefer Delaware LLC's? Perhaps it's the office next to Mossack Fonseca that has a monopoly on the US shell companies?

Perhaps one day we'll find out.

I have no doubt he's on the take in some way or another and I'd be surprised if he wasn't laundering money through offshore accounts. However, Poroshenko is right there on the list and given how the German media has been pro Poroshenko/Yatsenyuk, having Putin on the cover of this story is just the icing on the cake.

That said, I don't really care about the officials or, generally speaking, the high profile cases. The fixers are more interesting, including the individuals set up as fake directors on dozens if not hundreds of shell companies -- a perfect entry into the network. Sueddeutsche has already provided graphs of how many shell companies large German banks have created through MossFon. In the lead, as you will have guessed, is Deutsche Bank, as always when we're talking shady business.

The fact that a German lawyer by the name of Jürgen Mossack co-founded MossFon might motivate same folks to at least dig deeper into MossFon, which would be a start.

According to digg,

Notably and surprisingly absent: anyone from the United States.

From Wikipedia:

In June 2012, Carr's involvement in an alleged K2 tax avoidance scheme came to light after an investigation by The Times newspaper. The scheme is understood to involve UK earners "quitting" their job and signing new employment contracts with offshore shell companies based in the tax haven of Jersey.

Earlier in 2012 Carr had lampooned people who avoid tax during the second series of Channel 4's satirical news programme 10 O'Clock Live. A sketch from the show, in which he poked fun at the 1 per cent tax rate of Barclays Bank has now "come back to haunt him".

^If a company wants to buy a debt package with bad loans thrown in, that's their problem.

...as long as there was full disclosure and there aren't any government sponsored organizations involved.

If that's the direction we head with more regulation, I'm all for it. The problem is the white lies and deceit that occurs when good investments, collateral, and loans are packaged together with poor investments in offshore accounts using shell companies that are labeled as "long term" and "safe" investments.

We obviously need to increase consumer protections but when it comes to the financial markets, it starts to get really wordy and many won't pay attention anyway. I digress.

http://www.rollingstone.com/politics/story/16076312/the_great_iraq_swindle/

Like most contractors, Custer Battles was on a cost-plus arrangement, which means its profits were guaranteed to rise with its spending. But according to testimony by officials and former employees, the partners also charged the government millions by making out phony invoices to shell companies they controlled. In another stroke of genius, they found a bunch of abandoned Iraqi Airways forklifts on airport property, repainted them to disguise the company markings and billed them to U.S. tax­payers as new equipment. Every time they scratched their asses, they earned; there was so much money around for contractors, officials literally used $100,000 wads of cash as toys. "Yes -- $100 bills in plastic wrap," Frank Willis, a former CPA official, acknowledged in Senate testimony about Custer Battles. "We played football with the plastic-wrapped bricks for a little while."

The Custer Battles show only ended when the pair left a spreadsheet behind after a meeting with CPA officials -- a spreadsheet that scrupulously detailed the pair's phony invoicing. "It was the worst case of fraud I've ever seen, hands down," says Grayson. "But it's also got to be the first instance in history of a defendant leaving behind a spreadsheet full of evidence of the crime."

But even being the clumsiest war profit­eers of all time was not enough to bring swift justice upon the heads of Mr. Custer and Mr. Battles -- and this is where the story of America's reconstruction effort gets really interesting. The Bush administration not only refused to prosecute the pair -- it actually tried to stop a lawsuit filed against the contractors by whistle-blowers hoping to recover the stolen money. The administration argued that Custer Battles could not be found guilty of defrauding the U.S. government because the CPA was not part of the U.S. government. When the lawsuit went forward despite the administration's objections, Custer and Battles mounted a defense that recalled Nuremberg and Lt. Calley, arguing that they could not be guilty of theft since it was done with the government's approval.