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The Trump Organization dissolution blazes a Kleptocracy trail of Kavanaugh, Kennedy, 'King of Debt' [1]

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Date: 2023-09-29

Snopes considers the connection of Trump, Kennedy, Kavanaugh, and Deutsche Bank unproven, so revisiting it suggests it’s still provable, especially in light of the dissolution of the New York Trump businesses. Like the civil case, there seems to be evidence, much like Trump’s loss of NY business licenses is not going to be the end of his crime spree.

Regardless of Deutsche Bank, Trump’s fraud-built kingdom of debt will likely remain supported by Russia as long as there’s a chance he will return to the White House in 2024. Trump did say he would run the country like one of his businesses and, well, he did. The Dart of the Eel.

x Donald Trump is no longer in business in New York State.

A judge canceled all of his business certificates and appointed a judge to monitor the assets.

Barring an unlikely reversal by an appeal court, the assets will be sold and Trump, Don Jr., & Eric are barred from business. — David Cay Johnston (@DavidCayJ) September 27, 2023

The decision dealt Mr. Trump a major blow. Mr. Trump’s lawyers were preparing to challenge Ms. James’s accusation that he had fraudulently inflated his net worth by billions of dollars, but Justice Engoron has short-circuited that aspect of the trial. In effect, Justice Engoron ruled that no trial was necessary to determine that Mr. Trump’s financial statements were fraudulent. In his ruling, Justice Engoron wrote that the statements that Mr. Trump had submitted to banks and insurance companies “clearly contain fraudulent valuations that defendants used in business.” Mr. Trump’s lawyers had planned to argue that the banks that lent Mr. Trump money were hardly victims — they turned profits on their dealings with the Trump Organization — and that valuing property can be subjective. Ms. James had sought to bar Mr. Trump from doing business in New York, in part by canceling certificates that allow his properties to operate there. Justice Engoron granted that punishment, which could have enormous repercussions for the Trump Organization. For example, Mr. Trump could lose control of several properties, including Trump Tower in Midtown Manhattan and a flagship commercial building at 40 Wall Street. His grip over his Westchester County golf club is also threatened. At one point in his order, Justice Engoron referred to the limited liability companies that he had shut down as “the canceled LLCs.” Mr. Trump's family business itself has not been dissolved. Although popularly known as the Trump Organization, it actually comprises hundreds of entities, many of which were not named as defendants in the lawsuit. But the decision could still have a sweeping impact, with the potential to shut down an entity that employs hundreds of people working for Mr. Trump in New York. www.nytimes.com/...

x The NY Trump ruling is simple: if you persistently engage in fraud, you lose your right to do business



It’s like taking the license away from a drunk driver



That means Trump & family will be forced out of many of their businesses



I discussed @CNN w/ @PamelaBrownCNN pic.twitter.com/G0dQR7ggoH — Norm Eisen (norm.eisen on Threads) (@NormEisen) September 27, 2023

The details of this conspiracy theory were somewhat hazy, most versions of it seemingly implying that President Trump somehow leveraged his financial connections with Kennedy's son Justin to convince or coerce the jurist to retire ahead of the November 2018 U.S. mid-term elections (during which Democrats might pick up enough Senate seats to block confirmation of Trump's preferred nominee). The most coherent form of the conspiracy theory posited that Kennedy's retirement was a sudden and unexpected event, a strategic move intended to allow Trump to nominate a friendly successor who would vote favorably on any issues involving Justin Kennedy that might come before the court as a result of the ongoing Mueller investigation into Russian election interference (whereas Kennedy would have to recuse himself from such issues if he remained on the bench) www.snopes.com/...

(2021) The roughly $425 million that Mike Offit helped arrange for Trump back in 1998 was the start of a very long, very complicated relationship between ­Deutsche Bank and the future president. Over the course of two decades, the bank lent him more than $2 billion — so much that by the time he was elected, ­Deutsche Bank was by far his biggest creditor. Against all odds, Trump paid back most of what he owed the bank. But the relationship cemented ­Deutsche Bank’s reputation as a reckless institution willing to do business with clients nobody else would touch. And it has made the company a magnet for prosecutors, regulators and lawmakers hoping to penetrate the president’s opaque financial affairs. Last April, congressional Democrats subpoenaed ­Deutsche Bank for its records on Trump, his family members and his businesses. The Trump family sued to block the bank from complying; after two federal courts ruled against the Trumps, the Supreme Court has agreed to hear the case, with oral arguments expected in the spring. State prosecutors, meanwhile, are investigating the bank’s ties with Trump, too. The F.B.I. has been conducting its own wide­ranging investigation of ­Deutsche Bank, and people connected to the bank told me they have been interviewed by special agents about aspects of the Trump relationship. If they ever become public, the bank’s Trump records could serve as a Rosetta Stone to decode the president’s finances. Executives told me that the bank has, or at one point had, portions of Trump’s personal federal income tax returns going back to around 2011. (Deutsche Bank lawyers told a federal court last year that the bank does not have those returns; it is unclear what happened to them. The Trump Organization did not respond to multiple requests for comment.) The bank has documents detailing the finances and operations of his businesses. And it has records about internal deliberations over whether and how to do business with Trump — a paper trail that most likely reflects some bank employees’ concerns about potentially suspicious transactions that they detected in the family’s accounts. One reason all these files could be so illuminating is that the bank’s relationship with Trump extended well beyond making simple loans. ­Deutsche Bank managed tens of millions of dollars of Trump’s personal assets. The bank also furnished him with other services that have not previously been reported: providing sophisticated financial instruments that shielded him from risks and outside scrutiny, and making introductions to wealthy Russians who were interested in investing in Western real estate. If Trump cheated on his taxes, ­Deutsche Bank would probably know. If his net worth is measured in millions, not billions, ­Deutsche Bank would probably know. If he secretly got money from the Kremlin, ­Deutsche Bank would probably know. www.nytimes.com/...

“Trump created more debt than any other president in one year!"

"For starters when he passed that $2 trillion tax cut skewed to the wealthy and big corporations they didn't pay for a penny of it. The end result was that it has ballooned the national debt by nearly forty percent."

The son of former U.S. Supreme Court Justice Anthony Kennedy helped Donald Trump in 2005 secure nearly $700 million in loans to construct a skyscraper in Chicago, despite Trump's reputation for defaulting on business loans lawandcrime.com/… (2020) The son of former U.S. Supreme Court Justice Anthony Kennedy helped Donald Trump in 2005 secure nearly $700 million in loans to construct a skyscraper in Chicago, despite Trump’s reputation for defaulting on business loans, the New York Times reported on Tuesday evening. According to the report, Justin Kennedy, who ran the German bank’s commercial real estate team and was close with the president’s daughter Ivanka Trump and her husband Jared Kushner, was willing to overlook Trump’s shoddy history as a debtor, getting the future president to personally guarantee $40 million of the loan. Both Jared Kushner and Ivanka Trump currently work in the White House. The Times reported that Trump was able to convince Kennedy and other top executives that “the Chicago development was a guaranteed moneymaker,” and further signaled “the Trump family’s commitment to the project” by informing the bank that Ivanka would be in charge of the operation. Justin Kennedy’s role in helping to breathe life into Trump’s business empire before he was president has continued to breed rumors and conspiracies about the alleged “White House charm offensive” carried out by the Trump family to help convince Justice Kennedy to retire and make way for Justice Brett Kavanaugh’s appointment to the bench. In Dark Towers: Deutsche Bank, Donald Trump and an Epic Trail of Destruction, finance editor of the New York Times David Enrich described how Justin Kennedy was “drawn to Trump’s risk-taking and glamour” while he was shepherding lucrative loans to Trump’s private businesses, even after the bank’s clients took massive losses when Trump’s Atlantic City casinos went bankrupt. After Trump’s election, the family reportedly set their sights on persuading Justice Kennedy to step down so the president could appoint a second justice to the bench. “Trump’s flattery was part of a coordinated White House charm offensive designed to persuade the ageing justice – for years, the court’s pivotal swing vote – that it was safe to retire, even with an unpredictable man in the Oval Office,” Enrich wrote. lawandcrime.com/... x NEW: Donald and Ivanka Trump leveraged their relationship with Trump's banker, the son of former Justice Anthony Kennedy, to encourage Kennedy to step down from SCOTUS. #DarkTowers author @DavidEnrich told @Narativ_Live / @EricGarland. Full pod below: https://t.co/JaTYQZdDmT pic.twitter.com/eUShfzo7gN — Zev Shalev (@ZevShalev) August 16, 2020

(2018) revelations show the close financial ties between President Trump and Justice Anthony Kennedy’s son, Justin Kennedy, who served as the global head of real estate capital markets for Deutsche Bank. The New York Times reports that under Justin Kennedy’s leadership, Deutsche Bank loaned Donald Trump $1 billion for renovation and construction of buildings in New York and Chicago, at a time when many other banks refused to lend to Trump because of his troubled financial history. www.democracynow.org/... x On CNN, @RajShah45 does not deny that a deal was made between outgoing Justice Anthony Kennedy & Trump about Kavanaugh being Kennedy's replacement if he retired. pic.twitter.com/OYwkPxZI2a — Aaron Rupar (@atrupar) July 10, 2018 x Val Broeksmit’s death is one in a number of deaths of people associated with Deutsche Bank, including four suicides of executives between 2013-2019:https://t.co/nRYJUFEhPi — Leah McElrath (@leahmcelrath) December 30, 2022 x News Analysis: No matter what else happens in his presidency, @charlie_savage writes, the retirement of Justice Anthony Kennedy set up President Trump to cement a lasting legacy https://t.co/43PZvfmdnR pic.twitter.com/xMtP2Wzws9 — NYT Politics (@nytpolitics) June 28, 2018 x Deutsche Bank Flagged Trump And Jared Kushner Potential Money Laundering https://t.co/MKMm2ZKOOl — #TuckFrump (@realTuckFrumper) September 27, 2023

/s convoluted

February 2023 On Friday, a federal judge in Washington, DC sentenced a veteran GOP operative to 18 months in prison for funneling $25,000 from a Russian businessman to Donald Trump’s 2016 campaign. Jesse Benton, a longtime aide to both Ron and Rand Paul, was convicted in November on six related charges. The court found that he and another GOP operative accepted $100,000 from Roman Vasilenko, a St. Petersburg-based influencer who wanted photos with Trump to display on his social media accounts. Benton kept most of the money for himself but donated $25,000 to the Republican National Committee as part of a plan to secure two tickets to a fundraising event for Trump in Philadelphia. At the event, Vasilenko was allowed to sit close to Trump at a roundtable discussion and later took a photo with him. Foreign nationals, like Vasilenko, are not allowed to donate to US political campaigns or committees, and it is illegal to make a donation on behalf of someone else. www.motherjones.com/...

x The Russian Mafia allegedly launder their money via art dealers.

The oligarch at the centre of the Trump-Ukraine scandal is linked to the Vote Leave campaign and the Conservative Party. Komarnyckyj unravels the background of Dmytro Firtash.https://t.co/l8GIYFLR3M

Too late. https://t.co/M4cWnfp9Tt pic.twitter.com/m1AhH29gm8 — Raven Cozens-Hardy (@RaveCozensHardy) September 28, 2023

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[1] Url: https://www.dailykos.com/stories/2023/9/29/2195834/-The-Trump-Organization-dissolution-blazes-a-Kleptocracy-trail-of-Kavanaugh-Kennedy-King-of-Debt

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