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Andrew Tobias

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Andrew Tobias
Andrew Tobias

Money and Other Subjects

You’ve Doubtless Heard The News:

September 22, 2022September 22, 2022

Attorney General James Sues Donald Trump for Years of Financial Fraud.


. . . “For too long, powerful, wealthy people in this country have operated as if the rules do not apply to them. Donald Trump stands out as among the most egregious examples of this misconduct,” said Attorney General James. “With the help of his children and senior executives at the Trump Organization, Donald Trump falsely inflated his net worth by billions of dollars to unjustly enrich himself and cheat the system. In fact, the very foundation of his purported net worth is rooted in incredible fraud and illegality. Mr. Trump thought he could get away with the art of the steal, but today, that conduct ends. There are not two sets of laws for people in this country; we must hold former presidents to the same standards as everyday Americans. I will continue to ensure that no one is able to evade the law, because no one is above it.” . . .


Here’s the 222-page complaint.

So much in it about his taking the Fifth, and fascinating specific examples.  E.g.:


. . . For example, they received a series of bank-ordered appraisals for the commercial property at 40 Wall Street that calculated a value for the property at $200 million as of August 1, 2010 and $220 million as of November 1, 2012. Yet in the 2011 Statement, they listed 40 Wall Street with a value $524 million . . .

For example, Mr. Trump’s own triplex apartment in Trump Tower was valued as being 30,000 square feet when it was 10,996 square feet. As a result, in 2015 the apartment was valued at $327 million in total, or $29,738 per square foot. That price was absurd given the fact that at that point only one apartment in New York City had ever sold for even $100 million, at a price per square foot of less than $10,000.  And that sale was in a newly built, ultra-tall tower. In 30 year-old Trump Tower, the record sale as of 2015 was a mere $16.5 million at a price of less than $4,500 per square foot . . .


Hundreds of pages of this.



A bully, an adulterer, a narcissist, a criminal, a liar, a cult leader, a con artist, a grifter, a Putin-admirer, a sore loser, an insurrection inciter, a Proud Boys ally, a sociopath, a megalomaniac, a guy who kept a book of Hitler’s speeches by his bedside, a xenophobe, a racist, a demagogue, and a national disgrace all walk into a bar together.  Oh, wait — I forgot he doesn’t drink.

 

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