Showing posts with label Fraud. Show all posts
Showing posts with label Fraud. Show all posts

Sunday, November 5, 2023

Donald Trump Expected to Testify Under Oath in NY Fraud Case

by Nomad


Co-defendants in the New York civil fraud case Donald Trump Jr. and Eric Trump testified in court last week. By all accounts, the testimonies proved to be an existential disaster for the Trump empire.

Wednesday, June 8, 2016

Trump University Playbook Reveals the Manipulative Techniques Trump Used to Bilk Consumers

by Nomad

Unsealed documents from Trump University reveal some of the sophisticated techniques the recruiters used to break down prospective students' resistance. Many of them paid a very heavy price for their trust in Trump and his university.


One of the documents I stumbled across was the 48-page sales manual for the university (PDF embedded below). After a quick glance at the material, it is not a surprise that Republican candidate Trump would be plenty peeved that the federal judge allowed it to be released to the public. 
The manual- Exhibit D in the trial- does not paint a very flattering portrait of the operation nor the man behind it. 

Overall, the university playbook sounds nothing like an educational institution and much more like a high-pressure telemarketing sales campaign. That is confirmed by insiders who witnessed the operations for themselves. 
Said one top university official in her testimony:
In my experience, the focus of Trump University was on making sales rather than providing quality educational services. Trump university would lure consumers into the initial free course based upon the name and reputation of Donald Trump, and then, once they were there, Trump Univeristy personnel would try to up-sell consumers to the next course using high pressure sales tactics. Far from providing a "complete real estate education," as advertised, Trump University only provided enough information to get students to sign up for the next seminar or program.
That claim is supported by the sales manual and, importantly, that manual was not the work of some underling in the organization. 
According to depositions by former Trump University staffers, Trump personally approved of many of the ads and may have been integrally involved in crafting some of the "deceitful scripts that school reps used to con prospective students."


Saturday, June 4, 2016

Republican Scammer: Here's the Real Reason Why Donald Trump is Talking About Putting Clinton in Jail

by Nomad

The Republican presumptive nominee Donald Trump came out swinging wildly in every direction last week. His comments about a federal judge and his Democratic rival Hillary Clinton raised a lot of eyebrows, even Republican eyebrows.
Could an investigation in a fraud case involving the defunct Trump University may be one of the reasons for his unhinged threats and verbal attacks?


Just the other day, Trump told his supporters at a rally in San Jose, California that if he is elected he suggested that he would direct his attorney general to investigate her if Clinton is not indicted over her use of a private email server during her time as secretary of state email use.
The Republican nominee-to-be has not only decided to play the role of prosecutor but of judge as well. The crowd cheered as he said:
"Folks, honestly, she's guilty as hell."
Of course, a speech isn't an interview so nobody in the media- if they had cared to- could ask Trump exactly what crime she was actually guilty of.
"I will say this, Hillary Clinton has got to go to jail."
 He also added:
"Five years' statute of limitations, if I win. Everything is going to be fair but I'm sure the attorney general will take a very good look at it."
The threat to imprison political rival whom Trump sees as an obstacle to his ambition should be taken very serious as an indicator of what kind of president Donald Trump would make.

Thursday, March 10, 2016

Gravitas of a Grifter: Why Trump's Art of the Deal is all about the Art of Butt-Kissing and Betrayal

by Nomad

In a recent deposition, Republican Presidential candidate Trump  allowed us a peek at his true nature. It wasn't pretty and reveals a man very different than his supporters see onstage. 


The Two Faces of Trump

As we have come to know, Republican front-runner Donald Trump likes to portray himself as a politically-incorrect kind of guy who says the first thing to comes to his mind. 
If it is childish, irresponsible or just plain racist, then that's who he really is. He's not been groomed and manicured and cultivated like a hot-house orchid. Trump is Trump, and he doesn't give a damn who likes it and who doesn't.
For that, his supporters love him.

His appeal is based primarily on the premise that he may be rough around the edges but he is, at least, honest. If he goes too far sometimes, it is, if nothing else, a step in the right direction, they'll tell you. 
Sure, he may rub a lot of people the wrong way, his supporters say, but he makes good points and gives a voice for angry people who feel forgotten. Trump may be a joke but he isn't a phony, they'll tell you.
If nothing else, Trump's a breath of fresh air and not part of the political game-playing that has made Washington such a despised place. 

However, the problem for Mr. Trump is that this particular persona is really a new innovative, more based on his reality-TV character. The real story, his actual history is radically different.

Wednesday, March 9, 2016

Rising and Falling Fortunes: Rothschild Empire Faces Criminal Investigation in US and France

by Nomad

It might be a name long associated with fabulous wealth and enormous political influence, but the Rothschild Empire has been had its share of humiliations of late.


Hard Times for Billionaire Dynasty

As pioneers of international banking (as well as probably the wealthiest family in the history of the world,) the Rothschilds have been the subject of many a conspiracy theory. The exact amount of their family fortune is undisclosed, but by one conservative estimate, the Rothschild family controls assets worth more than $350 billion when each of their personal fortunes is combined.

The Rothschild dynasty is the el supreme of all family dynasties and went thing go bad there are plenty of people to gloat and plenty more to send their condolences. Ah, the way of the world is such like. 
The family business has apparently been hit hard by the worldwide economic slump. That's not all the problems they have been facing. 

In June of last year, Baron David de Rothschild, chairman of the Rothschild Financial Services Group since 2003, was indicted by French police for his role in a fraud case. The independent investment banking organization which offers financial services to governments, corporations, and individuals worldwide. was charged with "falsely advertising an equity release loan scheme, bought into by more than 130 pensioners between 2005 and 2008."
More than 20 British pensioners in Spain took up legal action against Rothschild’s company after losing their dream properties and thousands of euros.
French investigators claimed that Rothschild’s product, the Credit Select Series Mortgage Loan, was sold to retirees as a legal tax haven, specifically as a mean to reduce the apparent value of their homes for inheritance tax mitigation purposes.

The problem is that it wasn't as legal as Rothschild executives had claimed. The French tax agency ruled that such a scheme was a nothing more than fraud and that Rothschild should be held accountable. Said one of the French prosecutors:
“In short, independently of what happened to the investment, Rothschild advertised a loan aimed at reducing inheritance tax, which is a breach of tax law."
The victims who now stand to lose their homes told the courts that they felt confident of the financial packages, having put their faith in the Rothschild name. In its defense, the investment banking company pointed out that its involvement was limited. It had only provided the loan, and "was not involved in the investment side of the deal, which was carried out by financial intermediaries based in Spain, most of whom were British."