EDITORIAL:
Donald Trump Wants His Daddy Back
EDITORIAL:
“I Want My Daddy.” “I Want My Daddy.”
Donald’s father, Fred Trump, was an extremely wealthy real estate developer, who supported Donald’s business ventures with hundreds of millions of dollars over his lifetime. Fred Trump died in 1999, but his money has kept Donald Trump and his siblings financially comfortable since the old man’s death. That comfort may now be in jeopardy.
By D. S. Mitchell
Despite 45’s claims of being a self-made man, a NY Times investigation several years ago showed that Fred Trump gave Donald at least $413 million from his own successful real estate business over the years. The Times also reported that Fred transferred some of this wealth through dubious tax schemes. Much of what Fred provided Donald seems to be unravelling as the ex-president battles fraud charges in New York state.
On Tuesday, Donald Trump, the twice impeached former U. S. president, and faux billionaire, was found guilty of repeatedly violating New York fraud laws by New York Supreme Court Justice, Arthur Engoron. In what is known as a summary judgment Engoron, days before the trial, found that Trump persistently participated in business fraud— and that Mr. Trump was liable for his lies and misrepresentations. Next week’s trial will be all about settling the money damages and penalties Trump & Co. will owe.
The civil case, was brought by New York State Attorney General, Letitia James. James is demanding $250 million dollars from Trump and the The Trump Organization for multiple decades of fraud. Engoron ordered the business certificates for all of Donald Trump’s holdings in New York be canceled.
The potential damage to Trump’s New York business empire is staggering. Iconic properties like 40 Wall Street, Trump Tower on 5th Avenue, and his Westchester county estate, Seven Springs, is to be, within 10 days, put into the hands of three independent receivers. The “receivers will manage the dissolution of the canceled” LLC’s associated with Trump and the Trump Organization.
Engoron’s order, according to Trump’s lawyers will be appealed. If the appeal fails Trump will lose all financial authority over Trump Organization properties in New York. A representative for Trump’s attorney, Melissa Cintron, noted that not only could the businesses be placed under the control of a receiver, but “the receiver will sell off the assets of the businesses and wind up affairs” such as paying creditors.
“Without a corporate charter, you can’t operate as a corporation. You can’t get loans, you can’t apply for a government contract,” financial crimes prosecutor Diana Florence told reporters outside the courthouse. “It’s comparable to once a person dies. A dead person can’t sell property. Only the executor of the estate can do that — or in this case, the receiver.”
From the early 1980’s through today, Donald Trump has been making headlines as a business phenom. Gold towers and blonde beauties, all the glitz and glamour of a rich real estate tycoon, all in one well crafted package. The “reality” TV show, “The Apprentice,” ran for 14 years and cemented the image of Trump as a successful businessman.
But we see now, it was all a lie. It was make believe. It was a grifter’s slight of hand. Donald Trump’s career was built on his father’s money. Donald has been a daddy’s boy; who has, his entire life, lived off the money his father had made. The only thing Donald knows about money is how to spend it. He especially likes spending other people’s money.
I just want to say to all the small donors who support Trump, think before you write Daddy’s Boy another check.
