"The Trump Organization's Core Competency Is In Deception, Deceit, And Potentially, Fraud"
S E E D E D C O N T E N T
"What, exactly, is Donald Trump’s business?" asks The New Yorker 's Adam Davidson. The Trump Organization seems to have been in and out of so many unrelated ventures and manages to profit even as the projects themselves fail. Middle-class housing, luxury housing, casinos, licensing agreements. All require different business models and skill sets. So what is it Trump really does?
"It is becoming increasingly clear that, in the language of business schools," Davidson writes, "the Trump Organization’s core competency is in profiting from misrepresentation and deceit and, potentially, fraud.
The New York Times on October 2 gave a master class in forensic reporting that uncovered how much the Trump Organization profits from "defrauding state and federal governments through tax fraud." All while being bailed out by his father after one failed venture after another. Now, reporting from ProPublica and WNYC reveals how Trump profits from "patterns of deceptive practices" found in Trump deals around the globe.
" Pump and Trump " catalogs the ways in which the Trump Organization misrepresents its involvement in construction projects that bear the Trump name. By inflating the number of units sold and the amount of Trump money on the line, the Trump family lures investors into projects that go bankrupt with remarkable frequency. Trump himself manages to walk away with the up-front profits.
Davidson continues:
It is hard to understand why developers would, again and again, pay the Trumps an unusually large amount of money up front and then a significant share of profits just for their name, especially when their track record of success is so low. One explanation could be that everyone involved is bad at business. The Trumps, their partners, the banks, and others involved simply don’t do proper due diligence, don’t think through the potential risks of a project, and aren’t dissuaded by Trump’s long record of failure. Another explanation, though, is that they are good at a different business. They are not in the real-estate industry. Perhaps, the evidence suggests, some of Trump’s partners are in the money-laundering and financial-fraud industries.
Which makes the Trump Organization either a patsy or a co-conspirator, the latter a term connected with the Trump Organization with increasing frequency.
ProPublica, like the New York Times before it, explores deal after artful deal, shadow buyer after shell company, and bankruptcy after bankruptcy how investors take baths and Trump takes their money. Another Trump core competency is getting away with it.
Now, in his hubris he has by seeking the presidency drawn the attention of the world's greatest criminal investigators. Nominally in his employ, members of the Department of Justice actually work for the people of the United States. Trump is riding the tiger and dare not let go, just as his Republican Party dares not let go of the grifters, paranoids , propagandists, and politics of resentment it rode to control of all three branches of government.
On Wednesday, Digby posted Banana Republic Watch warning that along with accomplices running interference in Congress, Trump is using the machinery of government to evade scrutiny of himself, his business, and his executive branch allies. Independent reporting suggests he may have to go full banana Republican if he hopes to keep himself from being eaten.
Bruce Geller and CBS once sent the IMF into banana republics to cut the legs out from under leaders like those trying to establish one in here the U.S.
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The children of tomorrow will definitely read that the people of the United States were asleep while a career criminal gained control of the US government. All of us alive now bear that shame.
Trump's father (and mother) was a crook, Trump is a crook, and his children are crooks. His mother and father taught him how to commit tax fraud. What do you think are the chances that Trump did not pass on those criminal techniques to his own children? Zero?
"the Politicians Organization core competency is in profiting from misrepresentation and deceit and, potentially, fraud."
Sounds just like a life long politician.
They go in with not much, but sure come out with Bunches.
Trying to make Trump look worse than a life long politician, is the funniest thing I've ever heard !
You and the rest of the Trumpsters are supporting a criminal family organization led by Trump.
He got his beautiful young daughter involved in his grifter schemes, just like his father and mother got him involved in their illegal schemes.
You "Support" the same thing every time you "Vote" the "Same Ol' folks" in.
The reason he has survived this long without being prosecuted is because our culture has never cared much about white collar crime. Now we have a president of the United States that is a criminal. There is going to turn out to be more to it too besides just lying to investors. Money laundering for international organized crime, decades of tax fraud, the whole family belongs behind bars.
The reason you keep voting in the same crooks, year in and year out, is because you really don't care.....until you miraculously do. Why is that John ?
A "John" Kerry moment …... this time ?
It is bad enough that Trump lies to people who want to invest money with him all the time, and lies to those who buy condos in his buildings, but now he is in public office and lies to the American people every day. People like you are his enablers.
Better a life long politician that knows the business than a life long thief, liar, bully, misogynist and con man.
If your Fucked in everyday life by someone, your the fucking problem. You took the bait.
Spare me the "Not my fault" crap !
I'm doing great right now. I haven't been Fucked over yet since he took office.
What happened to you since he took office ?
What "IS" the business of a politician again ?
Everything you called Trump has been going on in Politics, before Trump was even a footnote in DC.
He's a criminal and he does not belong in the presidency. I don't give a rat's ass if he makes white nationalists happy.
Soooo, he should have waited to become a criminal after he got into office, Just like the rest of the politicians ?
That would have made you a happy voter ?
Funny, Liberals Coddled up to him, loved him, until he became President.
Was it all about the Money then, before it wasn't ?
The "business" of a politician is to govern in the best interest of ALL the people and not just the 1% and the multinational corporations. Trickledown economics has never worked for We the People; It only works for the wealthy.
Sorry, Trump has taken these negative traits to extreme levels never before seen in a president.
Since when ?
Politicians govern for their own political lives !
Take "Liberal Politicians" …………. please.
How long have they been advocates for the poor and the down trodden ?
Why are those they advocate for...… STILL POOR AND DOWN TRODDEN ?
Hint:
They need folks to stay poor or they have no more argument to use in an election cycle to try for the win.
Remember Obamas 40 bucks ? Pelosi was ecstatic.
Trumps 1000 bucks? Pelosi called it just crumbs !
Are you talking about John's favorite mayor Rahm???
What liberals? I've always hated him for his smug idiotic behavior and birther attacks on Obama.
Uhhhh - those "birther" attacks began in 2004 by the an Op-Ed manager in Los Angeles. Trump made his comment in 2010.
Con spiracy theories about Obama's religion appeared at least as early as his 2004 U.S. Senate campaign in a press release by Illinois political candidate Andy M artin , [29] and, according to a Los Angeles Times editorial, as Internet rumors. [30]
From the start of March 2008, rumors that Obama was born in Kenya before being flown to Hawaii were spread on conservative websites, with the suggestion that this would disqualify Obama from the presidency. In April of that year, anonymous e-mails from supporters of Hillary Clinton repeated the same rumor, [31] including a Clinton Iowa campaign worker, who was fired for sending the e-mail. [32] [33] These and numerous other chain e-mails during the subsequent presidential election circulated false rumors about Obama's origin, religion, and birth certificate. [34] [35]
On June 9, 2008, Jim Geraghty of the conservative website National Review Online suggested that Obama release his birth certificate. [36] [37] Geraghty wrote that releasing his birth certificate could debunk several false rumors circulating on the Internet, namely: that his middle name was originally Muhammad rather than Hussein; that his mother had originally named him "Barry" rather than "Barack"; and that Barack Obama Sr. was not his biological father, as well as the rumor that Barack Obama was not a natural-born citizen. [37] [38] [39]
In August 2008, Philip J. Berg, a former member of the Democratic State Committee of Pennsylvania, brought an unsuccessful lawsuit against Obama, which alleged "that Obama was born in Mombasa, Kenya." [40] [41]
In October 2008, an NPR article referred to "Kenyan-born Sen. Barack Obama." [42] Also that month, anonymous e-mails circulated claiming that the Associated Press (AP) had reported Obama was "Kenyan-Born". [43] The claims were based on an AP story that had appeared five years earlier in a Kenyan publication, The Standard . [43] [44] The rumor-checking website Snopes.com found that the headline and lead-in sentence describing Obama as born in Kenya and misspelling his first name had been added by the Kenyan newspaper, and did not appear in the story issued by the AP or in any other contemporary newspaper that picked up the AP story. [43] [45]
What about "BEFORE" politics. Did you hate him then too ?
"What liberals? "
You "honestly" ask that question ?
You support having a financial criminal in the white house because he annoys people that you like to see annoyed. You have a very low bar for him.
1st, will you please stop with the pointless information about who was a birther in 2007 and 2008? First of all, it doesn't mean what you think it does, and second, it has nothing to do with Trump and his culpability in 2011.
You keep copying and pasting a meaningless story. For god's sake, get a grip.
Prior to Trump becoming the nation's leading birther in 2011, the state of Hawaii had TWICE , officially announced that Obama's original long form birth certificate was safe and sound in the state archives, and had been personally inspected by state officials at the request of the governor of Hawaii. They did it in 2008, and again in 2009 after all the birther crap instigated by the tea party began.
So it had already been officially established that Obama was born in Hawaii PRIOR to Trump going public as a birther. All he would have had to have done if he was sincerely interested in the truth was pick up a phone and call the governor of Hawaii's office. It all would have been over in 5 minutes. But he didnt do that, because he wanted to build a political base of tea party types within the republican party.
You don't have a leg to stand on about this birther stuff, and trump. Nothing. You will you please stop embarrassing yourself?
If I am embarrassing myself John, consider what you are doing to yourself with your constant hate-fest.
I would be careful, 1st, posting actual facts can be a TOS violation.
That is the real embarrassment....
He didn't even have a slight point, ( what anyone did in 2007 or 2008 has absolutely no relevance to Trump pushing birtherism in 2011) but I expect he appreciates your support.
John - don't know 'bout you, but I see absolutely no reason to go back to alllllllllllll the discussions on the Birther thingy just to make you feel good, warm and fuzzy. If you can't remember any of them - your problem.
Do you also blame women when they are raped because they dressed, "too sexy"?
I see you've stooped to the most worthless sources available. I think all your statements do not express the truth or even come close to it.
But the real truth is, is that Trumpy is your president now and forevermore...at least until 2024. He's doing a good job in spite of all the lies and resistence.
You wouldn't know the worth of a source if you were buried in them.
You got a crystal ball in your pocket?
He isn't doing good, but you are right, he lies more than any president in history by a LONG ways.
They took down Capone on tax evasion. I get the feeling that Trump will go down the same way.
trmp's schemes and cons make Capone look like an amateur
I don't think so. He files every year and the IRS has never got after him
I feel sorry for you.
When are you going to write your people hating book John? You're doing so well with your draft outline with Trump.
You would be far better off saying nothing than in trying to pretend there is nothing wrong with this guy.
Never said there is nothing wrong with President Trump. Just getting sick and tired of seeing your constant tirades of hate on the FP of him.
Believe it or not John, there are other things occurring in the world besides hating Trump. You gave an excellent example the other day - and have done so on many other threads/seeds/articles.
Wish you'd get back to those 'cause you're really futching up the FP with your hate.
Protesting an evil, stupid, ignorant politician is the highest form of patriotism.
I think the problem lies within you.
Trump's a flawed but patriotic man doing a thankless job.
Doing it better than originally expected, actually.
Fuck Trump.
Do you have one of them there rogue mouses that makes you open up John's seeds? It won't just scroll past?
Man, I hate those kinds of mouses? meese? mice?
Should have stopped right there. There is nothing patriotic about that man at all. If there were, he wouldn't keep trying to wipe his YUGE ass with the constitution every goddamned day
I'll be honest. I open them for the comedic content.
but stay to leave sarcastic, mocking, insulting, mean comments
Bugsy and Greg and ankle biters. They are on every forum. Have you seen Bugsy or Greg seed an article? Have you seen them write an article? Have you seen them even use links, documents or quotes to back up what they say in their comments? I don't think you do.
Any fool can repeat what they see in a 30 second or one minute dose of Fox News or Breitbart.
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What is the source of Trump's popularity, even though he's a pathological liar, policy ignoramus, and financial criminal?
His cult followers love him because they think he "destroys" liberals, and particularly politically correct liberals.
Just look at the "conservative" content of NT. A lot of it is endless complaint about political correctness. Listening to these people you'd think that political correctness is the greatest threat to the American people.
I doubt if any of the people who bitch about it so much every day can even name one way in which political correctness has effected them.
It is tribalism. The "liberals" accept multiculturalism and the "conservatives" (Trumpsters) want to go back to when whites were at the top of the ladder and the rest were on the bottom rungs.
The only thing that bothers me about him is that we are not allowed to treat him like he deserves.
He has finally made it acceptable to call people names, threaten people with violence, and generally act like a horse's ass. They love his political incorrectness because now they can spew all the bigoted shit they've been wanting to spew for years.
Good job, trumpies! I don't know if America is ever going to recover
I do? Where?
Exactly how is that. John? You get called out for your seeded BS because it needs to be. No other reason.
You should spend your free time learning how to do this better.
Liberals have owned that well before Trump. Remember "you're a racist" if you don't agree with an Obama policy? Of course you don't. I've never been called a racist before until I criticized an Obama policy for the first time. Many times since...with no proof...only liberal feelings.
"threaten people with violence"...yea, because we are the party of "Mad" Maxine Waters, Eric Holder, Crooked Hillary, Antifa, and protesters who harass and intimidate lawmakers and Trump supporters at every chance we get...wait...wait...wait..that's not conservatives..that's libs.
"they can spew all the bigoted shit they've been wanting to spew for years". Like what? Be specific.
Sorry, but I don't spend my entire waking day hating someone you have no control over except for the ballot box, in which liberals can't seem to get their candidates in office. Maybe it is you that needs to think your approach to this.
And?
Looks like the one the GOP used for benghazi.
"The Trump Organization's Core Competency Is In Deception, Deceit, And Potentially, Fraud"
I suppose this may be considered news, that is for someone that has not been paying attention to Mr. Trump for the past forty years.
Are you saying you've paid attention to him all that time?
More or less, He was a sphincter back in the mid-seventies and remains one to this day. Yes, He has been running His con games up here in the Northeast for sometime.
BloggersRUs s looking at a Pulitzer for this piece for sure!
Bloggers are us is the site of Heather Digby Parton, who has won awards for her blog.
The "blog" article rferences three other sources, which actually investigated and wrote the material discussed in the seeded article.
The New Yorker , ProPublica ,and the New York city public radio station . And the article also refers to the New York Times article on trump's tax fraud.
In other words, you don't have a point.
If you are a "moderate", why are you so invested in protecting Donald Trump?
Oh, you mentioned Pulitzer Prize
ProPublica is an American nonprofit organization based in New York City . It is a nonprofit newsroom that produces investigative journalism in the public interest. [3] In 2010, it became the first online news source to win a Pulitzer Prize
I said they were going to win another - get over yourself
You post a bs hit piece article and then get your feathers ruffled when someone makes fun of it because you think they are making fun of you.
You are sounding more obtuse than I know you are - I said nothing about protecting Trump if you read the words slowly you will be able to figure out that I was making fun of the source you chose
Seems some seeders are mighty triggered today.
It's not a bs hit article, the same way you are not a "moderate" . I honestly don't know why the "moderate" Republicans on NT keep presenting the charade they do - everyone sees through it.
At least you are honest about your open hatred for someone you can do nothing about and the only reason you hate him is because he is not Hillary.....oh yea...and "HE LIES"
Must really suck to have hate all day...every day.
Why do you support a total asshole to be president of the United States? That is a much better question.
I support all of our Presidents because, I, unlike you, do not wish failure for this country.
Obama was an ass, and a narcissist to boot, but I still supported him to make this country successful, although he was an utter fail. Why don't you do the same for Trump?
BTW, I did not ask a question. It was a statement of fact.
Obama is not even remotely an asshole like Trump.
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Nice personal attack, but meh....expected from you.
Some things have not changed around here while I was gone - John you are nothing if not predictable