Trump's Court-Appointed Monitor Tells Judge Company Gave 'Incomplete' and 'Inconsistent' Disclosures With 'Errors'
Trump's Court-Appointed Monitor Tells Judge Company Gave 'Incomplete' and 'Inconsistent' Disclosures With 'Errors'
Court monitor Barbara Jones sent her letter to Justice Engoron, who will determine whether to ban Trump from New York real estate for life
Court monitor Barbara Jones sent her letter to Justice Engoron, who will determine whether to ban Trump from New York real estate for life
The court-appointed monitor overseeing Donald Trump's businesses told a judge on Friday that the former president's financial information has contained "incomplete" or "inconsistent" disclosures containing "errors."
"I have identified certain deficiencies in the financial information that I have reviewed, including disclosures that are either incomplete, present results inconsistently, and/or contain errors," former federal judge Barbara Jones, tasked with scrutinizing the former president's business empire, wrote in a 12-page letter.
Though she described Trump and his businesses as "cooperative" with her investigation, Jones added that "information required to be submitted to me pursuant to the terms of the monitorship order and review protocol has, at times, been lacking in completeness and timeliness."
I'm just gonna say it, I think theres a fat chance 65% of businesses in America are run like this dude does it. The one I work for is. Its why they worship him.
My GF's boss to her when she said she didn't want to be in a managerial position for their company:
"I guess you don't have the entrepreneurial spirit!"
Meanwhile they're paying salaries using money from equipment subventions and using money from said subventions as proof that they have liquidity to get more subventions... They don't hire labourers because it's cheaper to use technicians for which they get 85% of the wage back (subventions again) and make them work as labourers...
Real estate is notoriously like this, it's basically all rich guys doing minor crimes daily. And the occasional major crime.
"they lied their asses off"
So this monitor, she can't come to a conclusion about whether fraud occurred, although there were persistent errors in financial disclosure of the Trump businesses, but if she can't come to a conclusion, what is the function of the monitor in the first place?
And why is the judge taking her information into consideration if she can't come to him decision either way?
My understanding is that the monitor's job is to report information to the judge, not make decisions for them. Offering up her own accusations of fraud could easily be overstepping her position.
Reads to me that, in most of the cases, she doesn’t see the final documents provided to 3rd parties. She can ask Trump org for what they provided and if they don’t hand it over, the court could presumably subpoena them.
For most of the instances she references though, she pointed out issues, Trump org said they’d fix them, but her scope doesn’t include asking the banks if they finally got the corrected version or not.
Given the scale of inaccuracies and errors though (such as not including $1.6M in management fees in a line item called “Management Fees…” and not including any depreciation for golf courses), it certainly smells like the court would at least want to dig deeper.
Yeah, that makes good sense.
Looks like she slipped in a good 50 million tax evasion but now
https://www.thedailybeast.com/trumps-dollar50-million-mystery-debt-looks-like-tax-evasion
I think the real news here is that there is such a thing as a "court monitor" and most Americans are never told about it. We could sure use an overhaul of our education system, especially once you get into high school. Also of our judicial system, but that's a bit of another topic.
When you're a kid, your education is the responsibility of the adults around you. When you're an adult with a little box in your hand that can tell you almost everything humans know, your education is your responsibility.
Court monitors aren't a secret, maybe just something you hadn't learned about yet. There is SO much information, you can't know it all and almost everybody won't remember a bunch of info they've been exposed to.
We are all ignorant of most of the information humans have gathered, but you can change your level of ignorance on most any topic anytime you'd like. That's the best part of right now, if you ask me.
Courts in general have A LOT of procedures that are not taught about in school. Hell I took a business law class in college and I know more about how they operate by a divorce. There are many little nuances that aren't in TV court cases or that are specialized to finances or probate or many other law categories.
I’m going to stand up for the American education system, which is weird. But there is no way to expect someone to learn everything they need to know about all the normal topics and fringe legal systems by the time you’re 18. We already tacked a bunch of math on because Harvard decided everyone needed to know geometry and things spiraled out of control from there with math.
The fact that the court system can assign your company a monitor while you are being accused of fraud isn’t that crazy, but it’s also pretty specific. Most people don’t know about because they aren’t lawyers and that’s frankly okay.
"Surprising nobody".