You might want to sit down for this, but it appears as though Donald Trump has no intention of doing anything with all the money he's grifted -- er, raised -- from his supporters except keep it all for himself. Donald Trump Is Keeping the Money https://slate.com/news-and-politics...ica-leadership-pac-keeping-usd75-million.html
Trump Family Loses Big Appeals Court Fight to Force Fraud and Deceptive Practices Lawsuit into Secret Arbitration https://lawandcrime.com/high-profil...ve-practices-lawsuit-into-secret-arbitration/ Former president Donald Trump, his prized family business, the Trump Organization, and three of his adult children, Donald Trump Jr., Ivanka Trump, and Eric Trump, all suffered a significant legal setback in a federal appeals court opinion issued Wednesday morning. For years the Trump family and its namesake entity have fought to keep a potentially ugly pyramid scheme lawsuit from being litigated in the public sphere. The 45th first family’s weapon of choice to keep those details under wraps was private and compelled arbitration clauses. In a 43-page opinion, the U.S. Court of Appeals for the Second Circuit denied the Trump family’s request to settle the numerous complaints against them behind the veil, and with the help, of arbitrators. “The truth or falsity of the plaintiffs’ allegations is not before us,” Circuit Judge Robert D. Sack wrote. “We neither express nor imply any views with respect to them. The only question before us is whether this case should be resolved before the district court or an arbitrator.” An attorney for the plaintiffs praised the court’s decision via Twitter. “We look forward to resuming discovery in this case about a fraud on hard-working Americans perpetrated by Donald Trump and three of his adult children,” Roberta Kaplan tweeted. “We’re eager to receive the documents etc. requested from ACN, MGM and the parties so that we can begin taking depositions ASAP.” Procedural in nature, the ruling is still a solid victory for the plaintiffs. And, though the court insisted the merits were not at stake, the alleged facts and details of the case loom large in the panel’s decision here. Asserting myriad claims including “racketeering,” conspiracy and fraud, several class action plaintiffs originally sued the Trumps in October 2018 alleging the defendants – by way of “videos, print and online media” – promoted and endorsed a sure-fire loser of a multi-level marketing, or pyramid, scheme known as ACN Opportunity, LLC. Those endorsements came, the anonymous plaintiffs allege, even though the various Trumps at issue failed to conduct due diligence about the likelihood of economic losses and the slim probability of commercial success from such schemes. And, as it turns out, each of the plaintiffs produced evidence to show that the vast majority of people who were convinced to become “Independent Business Owners” for ACN went on to suffer losses or earned minimal profits. Instead, the plaintiffs claim, the Trump family simply parroted ACN’s allegedly untrue claims because they were being paid millions of dollars. And those pay-for-play payments to the Trumps were not publicly disclosed at the time their endorsements were made. (Much more at above url including the court documents)
Does this really surprise anyone... Trump PAC Spends 20% Of Its Operating Expenses At Trump’s Business https://www.forbes.com/sites/zachev...-expenses-at-trumps-business/?sh=244938ec5ffb A political action committee Donald Trump co-founded to help Republicans take control of the Senate spent 20% of its operating expenditures at the former president's businesses, according to a financial disclosure filed earlier this month. The Trump-Graham Majority Fund paid the Trump Hotels Collection $22,000 on June 3 for a facility rental and catering. The PAC reported total operating expenses of $105,000 for the quarter. Just days after it launched in April, the Trump-Graham Majority Fund held the Trump Graham Golf Classic at Trump International Golf Club Palm Beach. The entry fee was $25,000, a person, reported Punchbowl News. The PAC raised $705,000 last quarter. Contributors who pitched in at least $25,000 included Lynda Blanchard, Trump’s former U.S. ambassador to Slovenia. She is now running for Senate in Alabama. Her husband made a big donation as well. Mississippi State Senator Joel Carter (R) also was in for $25,000. The PAC for the GEO Group, a private prison company, chipped in $20,000. Representatives from the Trump-Graham Majority Fund and the Trump Organization did not respond to inquiries.
Perhaps finally understanding her husband is broke, Melania Trump is suddenly hell-bent on cashing in on her name and likeness. Unfortunately, showing the business acumen we've come to associate with the name Trump, she decided to be paid in crypto. Melania Trump auctions off her hat, and has become the latest victim of the cryptocurrency crash https://www.msn.com/en-us/news/poli...victim-of-the-cryptocurrency-crash/ar-AAT8aG2
Yep... Trump is broke -- let the laughter start. Trump ‘strong-armed’ RNC into paying legal bills due to ‘cash crunch’: Trump University prosecutor https://www.rawstory.com/donald-trump-2656496521/ Former President Donald Trump and his company are facing a "cash crunch," according to attorney Tristan Snell, who successfully prosecuted the Trump University fraud case while working for the New York Attorney General's Office. Snell pointed to a recent Forbes report saying that Trump had only $93 million in cash during the final year of his presidency, a significantly smaller sum than he claimed in previous years. "His properties are all indebted," Snell wrote on Twitter on Thursday. "The Trumps could potentially owe $100 to $300 million or more in back taxes, restitution, and penalties — and that’s just in the NY AG civil case alone," Snell wrote, referring to Attorney General Letitia James's ongoing investigation of the Trump Organization. Snell added that Trump has $738 million in debt coming due in the next 2-3 years. "I am unaware of any business of his currently turning a profit," Snell wrote, adding that the Trump Organization is under indictment by the Manhattan District Attorney's Office. "There will likely be a superseding indictment soon, which will also name Trump individually," Snell wrote. "Trump’s cash crunch helps explain why he needed to strong-arm the Republican National Committee into paying his legal fees for his criminal defense, $1.6 million and counting," he concluded. Earlier this month, ABC News reported that in October and November alone, the RNC spent nearly $720,000 of its donor money on paying law firms representing Trump in various legal challenges, including criminal investigations into his businesses in New York, according to campaign finance records. Read Snell's full thread below.
Trump’s Tech SPAC Could Make Him Billions The stock gain drove the implied value of the new venture to more than $8.2 billion.Based on figures from press releases and filings to the Securities and Exchange Commission, it appears Trump will own more than 50% of the combined company. At its current value, that would make him the richest he’s ever been, up from his estimated net worth now of $2.5 billion, according to the Bloomberg Billionaires Index.
Let's see how Melania's NFT scam is going... I know this may shock you, so you'd better sit down. It appears that Melania Trump's NFT sale may have been shady. Analyzing the Very Bizarre Sale of Melania Trump’s $170,000 NFT The crypto used to purchase the former first lady’s NFT came from the NFT creator themselves, blockchain records reveal. But why? https://www.vice.com/en/article/m7v...zarre-sale-of-melania-trumps-dollar170000-nft