Donald J. Trump Is The Worst Businessman in America
Donald J. Trump is many things a bully, a crook, a conman, a grifter, a fraud, a liar, a racist, a braggart, a blowhard, vile, nasty and disgusting; however, he is not a good businessman. Do not believe the hype Donald J. Trump may be a good con man but he is the worst businessman in America and/or possibly the biggest tax cheat America. Read below and here to find out for yourself how bad a businessman Trump is.
Donald J. Trump is projecting himself onto others when he calls them crooks; Trump is the crook. There may be no one more crooked or corrupt than Donald J. Trump. Remember the 10 million dollar fine Trump’s Casio paid for money laundering, for willful and repeated violations of the Bank Secrecy Act (BSA) or Trump’s fraudulent University, or Trump bogus charity he used as his personal piggy bank. Trump is using taxpayer money to prop up his properties. Trump has committed obstruction of justice and now he is telling people to break the law and he will pardon them, that is an abuse of power. Donald J. Trump is a liar, a crook, a fraud, a deadbeat, a tax cheat, a con man, criminal and a bad businessman. Find out how crooked Donald J. Trump really is.
Story by ChaChingQueenDonald Trump, a name synonymous with both business acumen and controversy, has navigated through numerous ventures over the decades.As a child of the 1980s, I remember a few of my uncles on my mom's side sitting around and playing poker. Then, a few of my uncles on my dad's side would play some game where they flipped dimes to see who got closest to the wall.But I was told not to gamble because the house always wins. I wasn't allowed to play these games. But then again I wasn't even ten yet.At the same time there was this guy on the news all the time for bankrupting casinos. But he was also on TV constantly telling people how rich he was.I remember asking my dad about this Donald Trump guy. I was very confused. How was he rich, yet bankrupting casinos? As a kid, I did not understand.My dad (who now proudly wears Trump hats and socks), explained that Trump made his money from his dad and from telling people he was rich by writing The Art of The Deal.
lovemoney staffThe Donald's bad decisionsFrom lending his name to all sorts of flop products to unsuccessful companies, read on as we look at some of Donald Trump and his organization's worst past business moves over the years.
Catherine GarciaOver the last six weeks, so many people have been calling and emailing the West Wing seeking pardons that White House staffers have had to create a spreadsheet to keep track of the requests, CNN reports. "It's turned crazy," one person familiar with the matter said. "There's a lot of activity." The queries have been coming in from business associates close to Trump as well as high-profile criminals, CNN reports, and when people can't reach the president, they contact his son-in-law, Jared Kushner, or White House chief of staff Mark Meadows. After Trump goes over their case summaries, he often asks his friends for their opinions on whether a person deserves a pardon.As of now, Trump is contemplating pardons for more than two dozen people within his circle, CNN reports. One person he is considering for clemency is Allen Weisselberg, the chief financial officer of the Trump Organization. Weisselberg has been investigated for his involvement in arranging hush money payments to Stormy Daniels, the adult film star who said she had an affair with Trump. more...
ABC NewsThe New York Times reported that President Trump paid only $750 in federal income tax in 2016 and 2017, but the president insisted that the report is not accurate and that he pays “a lot.” Video...
New York Times reporting on the president’s taxes suggest two possibilities.By Elie MystalIn a 2015 filing with the Federal Election Commission, then-candidate Donald Trump claimed his net worth was $10 billion. The financial press was skeptical of that claim, but nonetheless, Trump listed assets totaling $1.4 billion against $265 million in liabilities.According to tax documents obtained and reported on by the New York Times, Trump paid only $750 in federal income tax the year that he won the presidency, partly buoyed by claims of his financial triumphs. And that was a year when Trump actually paid some income tax. Trump paid $0 in federal income tax in 11 of 18 years, according to the Time’s description of the documents.Now, it is possible to be worth billions of dollars and yet owe the federal government no income tax most of the time. For instance, you could just sit and stare at the gold bullion you’ve accumulated in your mountain lair and not bother anybody. More...
TYT SportsTrump's golf trips cost MILLIONS! Rick Strom breaks it down. Give us your thoughts in the comments below!
A new ProPublica investigation found that Trump inflated and deflated his assets when convenient.By Aaron RuparA new ProPublica investigation lends credence to a remarkable claim made by Michael Cohen, President Donald Trump’s former longtime personal lawyer and fixer, during his congressional testimony earlier this year. Cohen alleged that Trump “inflated his total assets when it served his purposes and deflated his assets to reduce his real estate taxes.” And ProPublica’s Heather Vogell has receipts indicating Cohen knew what he was talking about. Property tax documents obtained by Vogell via New York’s Freedom of Information Law “show stark differences in how Donald Trump’s businesses reported some expenses, profits and occupancy figures for two Manhattan buildings, giving a lender different figures than they provided to New York City tax authorities. The discrepancies made the buildings appear more profitable to the lender — and less profitable to the officials who set the buildings’ property tax.”To cite one example from the story, Trump’s representatives told a lender that the occupancy rate in his building at 40 Wall Street in New York City was 59 percent as of the end of 2012. But that figure wasn’t the same as 81 percent occupancy rate for 2012 that was reported to tax authorities. Trump ultimately used the lower occupancy rate figure to create a perception of “leasing momentum” — his company reported that occupancy rates started to rise in 2013 — that was helpful in securing a refinancing. While there are reasons for such discrepancies that don’t necessarily involve fraud, the pattern that emerges from ProPublica’s analysis suggests that on numerous occasions Trump used one set of figures for lenders and another for tax officials — just as Cohen claimed during his testimony. If done intentionally, false reporting of this sort can have consequences. As ProPublica’s story notes, New York City’s property tax forms say that the signatory “affirms the truth of the statements made” and that “false filings are subject to all applicable civil and criminal penalties.” Trump of all people should know this — Cohen and former Trump campaign manager Paul Manafort are currently serving time for falsifying tax and bank records. more...
By Sonam ShethNewly uncovered tax documents from President Donald Trump contain several discrepancies that real-estate experts said could point to financial fraud, ProPublica reported on Wednesday. The documents obtained by ProPublica were part of records for four Trump properties in New York City: Trump International Hotel and Tower, 40 Wall Street, Trump Tower, and 1290 Avenue of the Americas. Tax records for 40 Wall Street and the Trump International Hotel and Tower reportedly contained discrepancies that could raise some red flags — specifically, the numbers made the properties look more valuable to lenders and less valuable to tax authorities, ProPublica said. In one instance in 2017, according to ProPublica, Trump told a lender that he got twice as much rent from one building as he reported to tax authorities that year. Nancy Wallace, a professor of finance and real estate at the Haas School of Business at the University of California at Berkeley, told the outlet she couldn't see why there were inconsistencies in the first place, adding that they looked like "versions of fraud." Trump has been at the center of several financial scandals.The New York Times reported last year that Trump used a series of dubious tax schemes to shield a $400 million inheritance from the IRS. And in September, Mother Jones published an investigation that found that Trump might have fabricated a loan to avoid paying $50 million in income taxes. But Trump has long maintained that he has committed no financial or tax crimes. He has said he can't release his tax returns because they are under audit, even though there is no rule to prevent him from doing so. But the president may soon be forced to give his tax returns to investigators. On October 7, US District Judge Victor Marrero ordered Trump to turn over eight years of his tax returns to New York prosecutors investigating whether he violated state laws by fabricating business records. Days later, the US Court of Appeals for the District of Columbia ordered the president to turn over the past eight years of his tax returns to the House Oversight Committee, saying lawmakers have the right to see the documents. Trump's lawyers have said they will fight both decisions and take them to the Supreme Court if they have to. But the public may still get a window into the president's closely held financial documents thanks to an employee at the IRS who recently blew the whistle on "inappropriate efforts to influence" the agency's audit of Trump's tax returns. According to The Washington Post, the person accused of trying to interfere with the audit is a political appointee at the Treasury Department. more...
Never-Before-Seen Trump Tax Documents Show Major Inconsistencies
The president’s businesses made themselves appear more profitable to lenders and less profitable to tax officials. One expert calls the differing numbers “versions of fraud.”
by Heather VogellDocuments obtained by ProPublica show stark differences in how Donald Trump’s businesses reported some expenses, profits and occupancy figures for two Manhattan buildings, giving a lender different figures than they provided to New York City tax authorities. The discrepancies made the buildings appear more profitable to the lender — and less profitable to the officials who set the buildings’ property tax. For instance, Trump told the lender that he took in twice as much rent from one building as he reported to tax authorities during the same year, 2017. He also gave conflicting occupancy figures for one of his signature skyscrapers, located at 40 Wall Street. Lenders like to see a rising occupancy level as a sign of what they call “leasing momentum.” Sure enough, the company told a lender that 40 Wall Street had been 58.9% leased on Dec. 31, 2012, and then rose to 95% a few years later. The company told tax officials the building was 81% rented as of Jan. 5, 2013. A dozen real estate professionals told ProPublica they saw no clear explanation for multiple inconsistencies in the documents.The discrepancies are “versions of fraud,” said Nancy Wallace, a professor of finance and real estate at the Haas School of Business at the University of California-Berkeley. “This kind of stuff is not OK.” New York City’s property tax forms state that the person signing them “affirms the truth of the statements made” and that “false filings are subject to all applicable civil and criminal penalties.” The punishments for lying to tax officials, or to lenders, can be significant, ranging from fines to criminal fraud charges. Two former Trump associates, Michael Cohen and Paul Manafort, are serving prison time for offenses that include falsifying tax and bank records, some of them related to real estate. “Certainly, if I were sitting in a prosecutor’s office, I would want to ask a lot more questions,” said Anne Milgram, a former attorney general for New Jersey who is now a professor at New York University School of Law. Trump has previously been accused of manipulating numbers on his tax and loan documents, including by his former lawyer, Cohen. But Trump’s business is notoriously opaque, with records rarely surfacing, and up till now there’s been little documentary evidence supporting those claims. That’s one reason that multiple governmental entities, including two congressional committees and the office of the Manhattan district attorney, have subpoenaed Donald Trump’s tax returns.Trump has resisted, taking his battles to federal courts in Washington and New York. And so the question of whether different parts of the government can see the president’s financial information is now playing out in two appeals courts and seems destined to make it to the U.S. Supreme Court. Add to that a Washington Post account of an IRS whistleblower claiming political interference in the handling of the president’s audit, and the result is what amounts to frenetic interest in one person’s tax returns. ProPublica obtained the property tax documents using New York’s Freedom of Information Law. The documents were public because Trump appealed his property tax bill for the buildings every year for nine years in a row, the extent of the available records. We compared the tax records with loan records that became public when Trump’s lender, Ladder Capital, sold the debt on his properties as part of mortgage-backed securities. ProPublica reviewed records for four properties: 40 Wall Street, the Trump International Hotel and Tower, 1290 Avenue of the Americas and Trump Tower. Discrepancies involving two of them — 40 Wall Street and the Trump International Hotel and Tower — stood out. There can be legitimate reasons for numbers to diverge between tax and loan documents, the experts noted, but some of the gaps seemed to have no reasonable justification. “It really feels like there’s two sets of books — it feels like a set of books for the tax guy and a set for the lender,” said Kevin Riordan, a financing expert and real estate professor at Montclair State University who reviewed the records. “It’s hard to argue numbers. That’s black and white.” more...
Donald J. Trump claims to be a successful businessman the facts tell another story. Find out more about some of his failures in business. more...
By Walter Shapiro, The New Republic May 9, 2019The revelations about Trump's taxes prove he was a grifter and a fraud, a braggart and a blowhard. In other words, he was the same man he is today. more...
The revelations about Trump's taxes prove he was a grifter and a fraud, a braggart and a blowhard. In other words, he was the same man he is today.By Walter ShapiroAny dwindling belief that Donald Trump’s business career represented anything other than “The Art of the Scam” died Tuesday night when The New York Times reconstructed the president’s federal tax returns from 1985-1994. In a feat of forensic work worthy of a TV crime series, reporters Russ Buettner and Susanne Craig revealed that Trump lost $1.17 billion in a decade and “appears to have lost more money than any other individual American taxpayer.” Trump’s dazzling failure helps explain how he and the Republicans have given the nation an era of nearly $1 trillion in annual deficits, despite the buoyant economy. The Times’ scoop is bracing, even if it comes too late to convince Trump loyalists that they have been hoodwinked by a fraud (if they ever were convincible). What it does suggest is that no coverup lasts forever—and that, sooner or later, Trump’s more recent tax returns will be made public. Treasury Secretary Steven Mnuchin has been stonewalling the House Ways and Means Committee’s demand, buttressed by a 1924 law, for the last six years of Trump’s federal returns. In a coincidence that might embarrass a political novelist, the Times’ story broke just as Mnuchin was attending a 2020 Trump fundraiser—the kind of event past treasure secretaries have avoided out of conflict-of-interest concerns. more...
Trump's businesses lost more money than any other business in 1990 and 1991By Jacob WeindlingLast year, the New York Times published an exhaustive, Pulitzer-worthy investigation into how President Trump obtained most of his money (spoiler: his daddy’s tax fraud scheme). Now they’re back with another document-based investigation that is even more devastating to Trump’s facade of competency, focusing on his rise in the 1980s and 1990s. Per the NYT: In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer, The Times found when it compared his results with detailed information the I.R.S. compiles on an annual sampling of high-income earners. His core business losses in 1990 and 1991 — more than $250 million each year — were more than double those of the nearest taxpayers in the I.R.S. information for those years. Over all, Mr. Trump lost so much money that he was able to avoid paying income taxes for eight of the 10 years. It is not known whether the I.R.S. later required changes after audits. Yowza. The President of the United States lost more than double what the next worst businessman lost in 1990 and 1991—all while running a casino—you know, the business people use in analogies about how easy something is to make money. The odds are quite literally stacked to the sky in Trump’s favor, and he still hemorrhaged cash in a fashion that would make Nicolas Cage blush. more...
By John CassidyLast October, the New York Times published a monumental exposé of how Donald Trump and other members of the Trump family engaged in sham financial schemes during the nineteen-nineties, including what the newspaper described as “instances of outright fraud,” to avoid paying hundreds of millions of dollars in taxes on the real-estate fortune that Fred Trump passed on to his children. Last month, the three reporters who wrote the story—David Barstow, Susanne Craig, and Russ Buettner—were awarded the Pulitzer Prize in explanatory reporting. On Tuesday evening, the Times dropped another story that delved into the President’s financial past. Written by Buettner and Craig, and based upon “printouts from Mr. Trump’s official Internal Revenue Service transcripts” that the reporters obtained, the story further undermined the assiduously promoted fiction that Trump, before he became a reality-television star and entered politics, was a highly successful self-made businessman. He was anything but. Between 1985 and 1994, the Times story says, Trump’s core businesses lost money every single year, and the accumulated losses came to more than a billion dollars. “In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer, the Times found when it compared his results with detailed information the I.R.S. compiles on an annual sampling of high-income earners,” Buettner and Craig write. “His core business losses in 1990 and 1991—more than $250 million each year—were more than double those of the nearest taxpayers in the I.R.S. information for those years.” more...
After his financial disasters two decades ago, no U.S. bank would touch him. Then foreign money began flowing in.By Michael HirshIn the fall of 1992, after he cut a deal with U.S. banks to work off nearly a billion dollars in personal debt, Donald Trump put on a big gala for himself in Atlantic City to announce his comeback. Party guests were given sticks with a picture of Trump’s face glued to them so they could be photographed posing as the famous real-estate mogul. As the theme music from the movie Rocky filled the room, an emcee shouted, “Let’s hear it for the king!” and Trump, wearing red boxing gloves and a robe, burst through a paper screen. One of his casino executives announced that his boss had returned as a “winner,” according to Trump biographer Michael D’Antonio. But it was mainly an act, D’Antonio told Foreign Policy. In truth Trump was all but finished as a major real-estate developer, in the eyes of many in the business, and that’s because the U.S. banking industry was pretty much finished with him. By the early 1990s he had burned through his portion of his father Fred’s fortune with a series of reckless business decisions. Two of his businesses had declared bankruptcy, the Trump Taj Mahal Casino in Atlantic City and the Plaza Hotel in New York, and the money pit that was the Trump Shuttle went out of business in 1992. Trump companies would ultimately declare Chapter 11 bankruptcy two more times. When would-be borrowers repeatedly file for protection from their creditors, they become poison to most major lenders and, according to financial experts interviewed for this story, such was Trump’s reputation in the U.S. financial industry at that juncture.For the rest of the ’90s a chastened Trump launched little in the way of major new business ventures (with a few exceptions, such as the Trump World Tower across from the United Nations, which began construction in 1999 and was financed by two German lenders, Deutsche Bank and Bayerische Hypo- und Vereinsbank). “He took about 10 years off, and really sort of licked his wounds and tried to recover,” D’Antonio said. As late as 2003, Trump was in such desperate financial trouble that at a meeting with his siblings following his father’s death he pressed them to hurriedly sell his father’s estate off, against the late Fred Trump’s wishes, the New York Times reported in an investigation of Trump family finances in October. And his businesses kept failing: In 2004, Trump Hotels and Casino Resorts filed for bankruptcy with $1.8 billion dollars of debt. But Trump eventually made a comeback, and according to several sources with knowledge of Trump’s business, foreign money played a large role in reviving his fortunes, in particular investment by wealthy people from Russia and the former Soviet republics.This conclusion is buttressed by a growing body of evidence amassed by news organizations, as well as what is reportedly being investigated by Special Counsel Robert Mueller and the Southern District of New York. It is a conclusion that even Trump’s eldest son, Donald Trump Jr., has appeared to confirm, saying in 2008—after the Trump Organization was prospering again—that “Russians make up a pretty disproportionate cross-section of a lot of our assets.” Trump’s former longtime architect, Alan Lapidus, echoed this view in an interview with FP this month. Lapidus said that based on what he knew from the internal workings of the organization, in the aftermath of Trump’s earlier financial troubles “he could not get anybody in the United States to lend him anything. It was all coming out of Russia.His involvement with Russia was deeper than he’s acknowledged.” The overseas money came initially in the form of new real-estate partnerships and the purchase of numerous Trump condos, said a former real-estate partner of Trump’s who witnessed the transformation of those years and later soured on Trump. “I think part of it was he was toxic to the banks. I think he also probably learned that personal guarantees [on loans] weren’t a brilliant idea either,” said the former business associate, who would speak to FP only on condition of anonymity. “So he was saying to himself, ‘What else could I do in the world? I’ll just convince people to buy my brand.’ And the only people who were willing to buy it were tasteless Russians, people who like the absurd, ostentatious gold-leaf lifestyle he has. You’re not going to sell that brand to blue bloods in Greenwich, Connecticut.” Or as another Trump biographer, Gwenda Blair, put it: “Trump was on the Titanic heading down. Everyone’s drowning around him. … Suddenly he gets saved.It’s almost like a spaceship landed right next to where he was in the water.” All this history helps put into context some recent developments in the investigations by Mueller and the Southern District of New York, which have focused on supposed Trump collusion or conspiracy with the Russians. It may have seemed odd at first that during the presidential campaign the people in Trump’s orbit—including Trump’s son, daughter, and son-in-law—were contacted by at least 14 Russians, according to information emerging from the federal investigations. Or that in November 2015, according to a sentencing memo published recently, former Trump lawyer Michael Cohen was approached by a Russian who offered “political synergy” between the Trump campaign and Russia (adding that a meeting between Trump and Russian President Vladimir Putin would have “phenomenal” impact “not only in political but in a business dimension as well”). But in fact at least some of these encounters appear to have sprung from business contacts Trump had developed over nearly two decades. According to Trump’s former real-estate partner and other sources who are familiar with the internal workings of the Trump Organization, his post-’90s revival may have really begun in the early 2000s with the Bayrock Group, which rented offices two floors down from Trump’s in Trump Tower. Bayrock was run by two investors who would help to change Trump’s trajectory: Tevfik Arif, a Kazakhstan-born former Soviet official who drew on seemingly bottomless sources of money from the former Soviet republic; and Felix Sater, a Russian-born businessman who had pleaded guilty in the 1990s to a huge stock-fraud scheme involving the Russian mafia. more...
Donald J. Trump News 
Looking for more information on Donald J. Trump (aka Don the Con, aka Don the Snake, aka Two face Donnie, aka The Don, aka Criminal Don). Here you can find information on lawsuits against Trump, Trump’s time is the white house, Trump Administration scandals and corruption, Trump before the white house, Trump’s Enablers, Flunkies, Minions and Sycophants, Trump Impeachments, Trump Insurrection, Trump Insurrection Videos, Trump Is a Crook, Trump Is Threat To National Security, Trump Russia Affair, Trump-Ukraine Affair, Trump vs. Trump, how Trump runs his properties and more. Find out if Trump is filling his pockets with foreign money and your tax dollars. Find out if Trump is a good a businessman or a bad businessman and how viral, nasty and disgusting Trump properties are. Find out if Trump is a crook and/or a conman. Find out if Trump lies about his lies and more.The more you know the better informed you will be to make your own determination on the real Donald J. Trump (aka Don the Con, aka Don the Snake, aka Two face Donnie, aka The Don, aka Criminal Don). Find out all you can about Donald J. Trump, for some you may find he is not the man you thought he was, for others you may be proven right, for others you may find he is far worse than you thought he was.
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