37 Burst results for "Trump"
Fresh update on "trump" discussed on AM 970 The Answer Programming
"Allies can help to keep Russia in check but are of little value in helping defended the US against an even bigger adversary in the Pacific. I think we have to be clear I that our European partners Minus great Britain simply don't have the military capability to defend themselves against both Russia and to help us in the Western Pacific against China. Cotton, speaking to the Salem radio Network. Says longtime U S allies in Europe still play an important role in containing Russia but our little help against an emerging threat from China, But the military balance of power in the Western Pacific will depend primarily on the United States and South Korea. Japan and Taiwan and Vietnam, the Philippines in India, not NATO countries. Tropical Storm Claudette, formed Saturday morning along the US Gulf Coast, bring heavy rains and flooding to coastal states, including Louisiana, Mississippi and Alabama. This is town hall. Com. 14 House Republicans are urging President Biden to take a cognitive test. Texas Republican Ronnie Jackson led a group of 14 Republicans have sent Mr Biden a letter Thursday urging him to take a cognitive test and make the results public. The freshman congressman served as White House physician under former President George W. Bush, Barack Obama and Donald Trump in 2018. He gave Mr Trump a clean Bill of health after an annual physical and cognitive test came amid questions about the former president's mental fitness to serve the Trump campaign made Mr Biden's mental fitness a major piece of his 2020. Campaign. A 78 year old Biden is the oldest president in American history. Bernie Bennett, Capitol Hill Young homeless People in the Big Apple will soon be getting $1250 and no strings attached cash each month. This is part of a $2.5 million city backed experiment to see if they use it to get off the streets and try to get jobs. Trust Youth Initiative is partly funded by the city.
Pence Heckled at Conservative Conference in Florida
"And Freedom Coalition policy conference in Orlando. A few attendee shouted out trader at the former vice president who had been vilified by former President Trump and his supporters for stating the fact that he Pence did not have the power to overturn Joe Biden's election victory before the inauguration in January in Orlando, Pence, ignored the shouts and plowed through his address. Yes, saying that it was great to be back with patriots dedicated to faith and freedom and the road to the majority. Pence appears to be weighing a presidential run in 2024. I'm Jackie Quinn.
Fresh update on "trump" discussed on Red Eye Radio
"Other charges stemming from a Las Vegas incident. Chuck Sivertsen ABC News Former vice president, Mike Pence, heckled while speaking at the Faith and Freedom Coalition summit in Orlando. Pence has been criticized for admitting earlier this month that he wasn't sure he and former President Trump will ever see eye to eye on the January 6th capital riot, the hecklers calling Pence a trader I'm Derek Dennis ABC News If you haven't filed taxes or.
Pence Heckled at Conservative Conference in Florida
"Mike Pence, was heckled during a speech at the conservative gathering in Florida Friday, Mike Pence, spoke to a Faith and Freedom Coalition policy conference in Orlando. A few attendee shouted out trader at the former vice president who had been vilified by former President Trump and his supporters for stating the fact that he Pence did not have the power to overturn Joe Biden's election victory before the inauguration in January in Orlando, Pence, ignored the shouts and plowed through His address, saying that it was great to be back with Patriots dedicated to faith and freedom and the road to the majority. Pence appears to be weighing a presidential run in
Mike Pence Booed, Called Traitor at Conservative Christian Conference
"I want to thank my friend. Ralph reed for those overly generous words. I'm deeply humbled by them. Ralph reed knows me well enough to know the introduction. I prefers a little bit short. I'm a christian and a republican in that order. And i am honored to stand before you. Today they weren't buying the pious mike pence act at that gathering today but the trump up sucking was on full display. Fealty was on full display at this faith and freedom conservative conference today in florida. We are going to defeat the woke assault. Then all of us need to wake up. it's very simple. Go back to the remain in mexico policy and build president trump's wall fight against this woke mob and these radical democrats who are trying to destroy this country. I may ask you something. Do you miss president. Donald trump still with us. I'll thanking and bill kristol bill. I'm not even a supplicant. Can catch a break these days. I heard you bill on another broadcast tonight. Make the best point that. I'm going to ask you to repeat now. It would've cost mike pence nothing other than a few seconds of his remarks to do what some people in the crowd started to call the trader to say. Wait a second. Let me explain what happened on january six. Here's what i did. Why did what i did. I upheld the constitution. This is the role of the vice president. We have no choice at no choice. Not legitimate choice. I delivered Legitimate choice on what to do There was the election votes. Were counted fairly. He could've spent ninety seconds relating lewis
Conservative activists heckle Pence at conference in Florida
"Former vice president Mike pence was heckled during a speech at a conservative gathering in Florida Friday Mike pence spoke to a faith and freedom coalition policy conference in Orlando a few attendees shouted out trader at the former vice president who had been vilified by former president trump and his supporters for stating the fact that he pence did not have the power to overturn Joe Biden's election victory before the inauguration in January in Orlando pence ignored the shouts and plowed through his address saying that it was great to be back with patriots dedicated to faith in freedom and the road to the majority pence appears to be weighing a presidential run in twenty twenty four I'm Jackie Quinn
300 Million Shots in 150 Days, Biden Declares 'Summer of Joy'
"In just 150 days the U. S. Has administered 300 million doses of the covid vaccines. The announcement from President Biden. We're heading into God willing this summer of joy. Summer of freedom. The vaccine contracts secured during the Trump Administration laid the groundwork for doses delivered in the early months of the Biden administration. As the vaccination rate drops. The president is likely to fall short of his July 4th goal of giving 70% of adults. At least one
Biden Purposely Set up Accounts to Avoid Medicare and Obamacare Taxes
"First birthing woman of the United States, actually birthing person in the United States and her dimwitted low EQ husband. They had their account and set up these two s corporations I've told you about before, and actually I learned about it from Christopher Jacobs, First in the Wall Street Journal, then on the Federalist. In order to avoid what in order to avoid paying Medicare and obamacare taxes. For two years at the height of their income. They didn't pay Medicare in obamacare taxes. Biden's families plan. Proposed using Some of the same money to pay for his new entitlement expansions that is Medicare money. And obamacare money, including expansion of obamacare subsidies, estimated to cost 163 billion over 10 years. That would siphon more than two thirds of the revenue that's supposed to be going towards Medicare, so he's going to bankrupt Medicare faster. But don't worry, we can always print He says. We've seen this gimmick before. Obamacare raided Medicare to the tune of 716 billion over a decade to pay for that laws, new entitlements by the way, the Supreme Court was happy without. Oh, sure, of course you can. Right there and constitution. Kathleen Sebelius than the secretary of Health and Human services infamously testified before Congress that there's 716 billion could both save Medicare while funding obamacare. Wow. Of course, that's Absolutely impossible. Only Washington politicians can claim with a straight face to spend the same money twice. Biden, who has spent the last half century in Washington wants to do just that. His budget takes a page out of the Obama play, but so now if you did this on your taxes You'll be going to prison. Now. If Donald Trump did this on his taxes, he be going to prison. Instead, Biden's doing it. On all of our taxes for the whole country, and he's being celebrated.
Chinese Defector Has Financial Records That Shows Public Officials Who Received Chinese Funding
"Businessmen and public officials. Let me emphasize that second point public officials who have received money from the Chinese government let me let me make you a promise right here right now. I don't care if those public officials are Republicans, Democrats, communists, conservatives, liberals, Green Party I don't care. If you're on this list, and this information is accurate. And this defector has you doubt is one of these people and it's deemed accurate then? Yeah, we're gonna exposure on the show. Don't care what party you claim to be from because you ain't from the party of America ain't is a word in that case. Posey has details of meetings government officials had with Chinese spies and members of Russia's spy team, The SVR. It could be pretty embarrassing for government officials the hell were they talking to those people for? Finally, he says. Listen to this one. The Chinese government gained access to a CIA communication system leading to the death of dozens of Chinese people who are working within the CIA working with the CIA. Excuse me. How did they get that if that's true? Are there people in our intelligence community that have been compromised? That's kind of an important question. You're probably saying, why aren't I hearing about that on the news? You're not hearing about it on the news because again a lot of these things that this defector is supposedly has a hold of it has been giving to our d I and been giving to our D I A again prove trump, right? So our province sycophantic acolyte s kissing media that loves the Democrats and doesn't give a damn about the country anymore. They won't tell you anything that may reflect positively on Donald Trump, even if it's information that could save us from another spy infiltration in the future.
Supreme Court Upholds Obamacare After Republicans Attempt to End It
"The. Us supreme court though increasingly conservative in makeup rejected the latest major republican led effort to kill the national healthcare law known as obamacare thursday preserving insurance coverage for millions of americans. The justices by a seven to two vote left the entire of care act intact in ruling texas of the gop led states and to individuals had no right to bring their lawsuit in federal court. The biden administration says thirty. One million people have health insurance because of the law which also survived to earlier challenges in the supreme court the laws major provisions include protections for people with existing health conditions. A range of no cost preventative. Services expansion of the medicaid program that ensures lower income people and access to health insurance markets offering subsidized plans. The affordable care act's remains the law of the land. president. Joe biden said celebrating the ruling. He called for building further on the law that was enacted in twenty ten. When he was vice president also left in place is the laws now toothless requirement. That people have health insurance or pay a penalty. Congress rendered that provision. Irrelevant in two thousand seventeen. When it reduced the penalty to zero. The elimination of the penalty had become the hook the texas and other. Gop let states as well as the trump administration used to attack the entire law. They argued that without the mandate a pillar of the law. When it was passed the rest of the law should full to and with the supreme court that includes three appointees of former president donald trump opponents of obamacare hope to majority of the justices would finally kill the law the have been fighting for more than a decade but the third major attack on the lower at the supreme court ended the way the first two did with the majority of the court rebuffing efforts to gut the law or get rid of it altogether.
The Democrat Party Turned Their Backs on You
"In fact, Have you also noticed how the Democrat Party has made an affirmative decision? To turn its back on all the people that used to claim to represent from Franklin Roosevelt actually earlier than that, in the turn of that Two centuries ago to now. They used to reach out. To quote unquote, the white working class to quote unquote, the blue collar White union member. But now they have decided because they are very diabolical in the way they treat human beings and the way they treat individuals and the way they group people and and try and pull together constituent groups and even create constituent groups. They've decided. They want permanent power. They noticed that since Ronald Reagan some of these white blue collar union voters, white blue collar nonunion voters Wait a minute. They're starting to vote for Republicans. Reagan won them by a large margin. Donald Trump won them by a large margin. So the Democrat party has now turned on. These people turned on many of you. You're now white supremacists your night near now, Deplorables. I'm telling you the truth. So they have Jennifer elected. Now they want open borders where they used to oppose open borders because it undermined unions, including the United Farm Workers union. Now they want open borders. Now they want as many people to come into this country as possible, preferably not white people, which is why you hear them talking the way they talk with their racist talk and the racist propaganda in our schools and so forth. Now I'm not supposed to talk about this because they try and demean people like me and silence. People like me. I'm not going anywhere. If I had to take a damn soap box and put it in my backyard, I'm not going anywhere.
We Have to Focus on the Local and Federal Elections at the Same Time
"Folks. I talked about parallel tests in the beginning of the show How we've got to get some truth about what happened about 2020. While also simultaneously fighting in 2022 2022 president, Trump said it himself he was on. How did he last night talking about the importance of 2022? Why do you think he's going out on the trail and fighting for Maga candidates of these races because he thinks it's a waste of time. Of course not. He doesn't waste this time. He's not stupid. First time the guy ran for office he ran for president. He won Must be doing something right? Developed a huge following nearly 90% loyalty in the Republican Party. But it's not just parallel tests there. It's parallel tasks on the on the election level two and on the subsidiarity level. In other words, what I'm getting at is we have to focus locally. Sadly, folks, one of the things that's always puzzled me. One of these anomalies of the election process is elections that matter. More people vote less and elections that matter. Less people vote more. It's bizarre, but but think about it. I'm not making this up. Your vote as a function of pure mathematics. Is more impactful and means more at the local level. You vote in your H O A. You vote in your local school board. You're one of 305 100. Maybe 5000 votes. So one of 5000 clearly is a greater number than one of 200 million or whoever people vote in the presidential election. 152 where many people show up, right? Simple math. Yet the bizarre thing is more people go and show up for these presidential elections, then show up for their local school board. It's one of these paradoxes. We have to change
Scotch Whisky Makers Welcome Suspension of Costly US Tariffs
"Relief today after the US agreed to suspend the Trump era tariffs on one of Scotland's main exports following a resolution of a long time trade dispute between the US and EU over subsidies to aircraft companies Boeing and Airbus concern in Washington state after
Rep. Andy Biggs on Why Dr. Fauci Should Claim Responsibility for His Mistakes
"Is a public figure to even worse. He's not even elected like he has a job, no matter what. And there's this whole like victim Fauci Movement Congressman. I find kind of repulsive. It's not personal. He made really bad decisions and being that public dollars have paid him When you agree to open to public scrutiny. It's all fair game. He is fair game. He is a target. He is the guy. He may not have implemented the policy, but he encouraged the policy decisions that every government at every level Enacted over this country lockdowns these the bogus mask wearing I mean people still wearing masks, even though that that that's come out as being bogus. The notion on President Trump saying, Well, it seems to have some some positive impact. He basically poo pooed that and if, if it works, like the latest study indicates that it does, and a host of a myriad of other studies, he bears the guilt or the culpability. Of people being sick people dying, He bears the culpability of an economy that lost millions of jobs, the emotional and mental illness that resulted because of his His policy advocacy. Here's the guy that they were looking to, Um and everybody used him as a justification for everything they were doing. So he has to stand up to the scrutiny because he's the guy that profound ID those policies. It's that simple.
President Trump on Hannity Calls Biden More Radical Than Bernie Sanders
"Joe Biden right now, you know makes uh It makes Bernie Sanders look like an offshoot of Ronald Reagan. I mean, that's how left Joe Biden is gone. So President Trump rightly so. I was like, Hey, listen, if you voted for this guy, you got sucker sucker Sorry at Here's clip number two from Hannity last night, President Trump commenting on the leftward lurch to the Democrat Party. And by the way, I'm gonna show you again. The guy's not kidding. He's not exaggerated. We come back from this clip. I'll give you a story from the Wall Street Journal. That should have you frightened. You own a house house gone up in value. Well, you better not be a liberals. You'd be paying taxes on that suit. Check this out. They lied They You know they didn't talk to us. They never said this is a Bernie Sanders dream. What's happening right now? He can't believe it because this is far worse than Bernie was ever going to be. Bernie Sanders would have never even thought to suggest some of the things that are happening right now. We got the millionaires, the billionaires, and now he talks about the billionaires. We gotta stop those billionaires while Bernie You're a man. I know of a millionaire, but I'm talking about you idiots. Bernie said that isn't Bernie. Biggest fraud ever. Socialism? Always great for the top Socialists in charge. Everyone else gets screwed Pretty good. President Trump's not wrong. Joe Biden ran as a Scranton kids lunch bucket, Joe
Significant Evidence Piling up in Georgia About 2020 Election Inconsistencies
"From John Solomon's excellent sight. Just the news. About significant evidence piling up in Georgia now. Addition to an audit we have going in Arizona significant evidence piling up. That's something seriously went wrong in Georgia in 2020. There's a whole lot of questions missing absentee ballots. Listen, folks. If there's an answer to these questions, terrific. Nobody wants to have a fraudulent election. Correct. Does anyone have to be? I guess I'm all for fraudulent actions. I hope not. If there's a legitimate answer to these questions, that's wonderful. That's what everyone wants. However, I haven't heard the answer yet. And Solomon has some breaking news about Georgia last night. I read it when I got up this morning. Some former member of the Trump team sent it to me this morning. I sent them back. You know, uh, starry eyed emoji guy. You know the guy because I was like, Whoa, this sounds serious. So no mistake when I said in the opening of the show that we have to focus on 2022 2020 at the same time as a capitulation on either It's not. I always get a few emails, people who misread it. What are you saying and it from both sides, But he's saying focus on the last election. Not the next one. The other people say, What do you say and focus on the next one without to let no, that's I'm Parallel tasks, parallel tasks We have to do it. We have to do it. We don't have a choice. These primaries matter. President Trump's endorsement is going to be a game
Scotch Whisky Makers Welcome Suspension of Costly US Tariffs
"Scott single malt whisky makers and drinkers can breathe a sigh of relief because the US has agreed to suspend tariffs on the Scottish exports the move comes after a long standing trade route between the US and the E. U. has been resolved president Donald Trump and pays the twenty five percent tariffs in October twenty nineteen that's part of the trade dispute to the aerospace subsidies well the U. K. no longer is any member it belongs to the block when the tires were introduced the Scotch whisky association estimates that the tariffs led to a thirty percent full in total exports to the U. S. that's about the same as eight hundred and fifty million dollars since March twenty twenty one Karen Thomas landed
We Have to Be Project Managers of Elections and Conservative Principles
"Gave a speech this week at the Great Club 45. I've been talking about it all week in Palm Beach because I don't get out of my house at all. So these are really big events for me. It's like yes, I left. I went to a restaurant. So what? You don't understand? I never leave. But I gave this speech about a lot of great people. And 90% of the crowd understood that we have to fight on while still I hate the term getting to the bottom of, but let's just use it here for the sake of time getting to the bottom of what happened in 2020. Some people in the crowd about 10% didn't want to hear that. That's okay. I'm not here to lie to you. You your title to your opinion. Some people think we should focus on 2020 only and forget 2022 2024. It's not worth it until we do 2020. Your opinion. You're entitled to it. It is a free country with the big our God given right to speech. I just vigorously disagree. I know it's not efficient have to focus on two things to focus on two things strongly. And vigorously at the same time. President Trump clearly agrees. We darn well better get to the bottom of what happened in 2020. While simultaneously focusing on 2022. We can't just forfeit away 2022 because of 2020 shenanigans. I mean, how are we ever going to figure out what happened in 2020? If we continue to elect House Democrats and and and and Senate Democrats as well, you think Nancy Pelosi and Chuck Schumer are going to help us in that endeavor? Of course they won't. That's absurd. We have to focus on parallel tracks. Regardless of the inefficiency of it. I get it. The human brain wants to focus on one thing at a time. We don't have that option. We don't have that luxury. We are election project managers. Now we are project managers for liberty and freedom right now. There is a liberty and freedom movement. You all are the anointed ones. Go in Peace to love and serve. You are the project managers for liberty. And we have to multitask.
Liberals like Biden Can Only Play Boogeyman Politics
"Our policies are a disaster on the sucks scale, you know, like a 98 and 100 on the scale of how bad a policy that sucked So what they do is they get you to try, you know, to vote or try to get you to vote for them by saying the other guy sucks worse. That's it. That's the whole liberal agenda. They rarely run on their agenda in swing districts. You know Nancy Pelosi's district, they can run on whatever they want. But in swing districts you almost never hear liberals say things like higher taxes are wonderful. Government controlled health care is fantastic. We're going to confiscate all your guns. It only works in San Francisco. They don't do it because sane Americans and swing districts don't give a crap about any of that stuff. I think it's all crazy. So their whole agenda is well, The other guy sucks a lot worse. So I call the boogeyman politics, But liberals are phone ease. And it's all AstroTurf in all made up here is a perfect example of boogeyman politics. Right here. Here's a clip from O and one American News It's about. Let's see 35 2nd song. Joe Biden needs a flash card to remind him he thinks everything is Trump's fault. Check this out. Joe Biden fiddles with a flash card of anti Trump talking points during a press conference in England. Biden branching the card label DOJ talking points while speaking Sunday in Cornwall. The cards include a number of preplanned answers. That's including a claim that Trump quote, abused power. And that is Justice Department was out of control. This is the DOJ inspector general has recently opened a review into the Trump era seizure of some House Democrats and staff data during a 2018 investigation. Into leaks about the Russia probe. Can't believe this guy is in charge. Sometimes I really can't. They said in a speech the other night down in, uh, West Palm Beach. I can't get around the fact that this guy is the president is just stunning his level of incompetence. He has a This is the President United States He has a flash card number one.
Building a Career With Drones
"Thanks so much for being here with us. I know i am really excited to hear a little bit more about you. And about the work that you do with the global drone academy. So why don't we start off. Could you just introduce yourself and introduce the global air drone academy to us. Sure sure so. My name is a no moment. And i'm the co founder of global on academy. We started the academy backs in a tony. sixteen but before then we actually started our commercial arm which is called global media So we i got into other drone industry of course like other entrepreneurs here. There's so many applications in so many different industries. I we wanted to be you know one of the first on the ground floor. So with our proper research you know before getting into industry and You know we were providing services in real estate field For construction site mapping for other uses as well and you realize that the issue really wasn't going to grow unless more people generally understood you know about trump technology out in not just using john's or crew pictures and video but you know how to jones to to save lives so once we understood the power of of education you know when it comes to industry We really decided to a david. I entered industry when we started the The academy to reach to youth and adults To to of course teach the youth about drones -nology but we related more to steam united nations science technology engineering math and then for adults we focus on industry specific training really empowering them to become license so they can also start a business as well. So that's some of the things. Deity can
"trump" Discussed on Trump, Inc.
"One <Speech_Music_Male> has <SpeakerChange> ever tried. <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Music> <Advertisement> <SpeakerChange> <Music> <Advertisement> <Speech_Music_Female> <Advertisement> <Speech_Music_Female> <Advertisement> This episode <Speech_Music_Female> <Advertisement> was reported and produced <Speech_Music_Female> <Advertisement> by Meg Kramer <Speech_Music_Female> <Advertisement> and Catherine, <Speech_Female> <Advertisement> Sullivan and edited <Speech_Female> <Advertisement> by Nick Varsha, VER-, <Speech_Female> <Advertisement> sound design, <Speech_Female> <Advertisement> and original scoring <Speech_Music_Female> <Advertisement> by Jared <Speech_Music_Female> <Advertisement> Paul. The <Speech_Music_Female> <Advertisement> theme music and additional <Speech_Music_Female> <Advertisement> music is by <Speech_Music_Female> Hannah's Brown. <Speech_Music_Female> <Advertisement> This <Speech_Music_Female> <Advertisement> is our last episode <Speech_Music_Female> <Advertisement> before the election <Speech_Music_Female> <Advertisement> but we'll be back <Speech_Music_Female> <Advertisement> in here feeds soon <Speech_Music_Female> <Advertisement> with <Speech_Music_Female> <Advertisement> all new trump inc <Speech_Music_Female> <Advertisement> reporting <Speech_Female> <Advertisement> the latest by signing <Speech_Music_Female> <Advertisement> up for our newsletter at <Speech_Music_Female> <Advertisement> our website trump <Speech_Music_Female> <Advertisement> INC <SpeakerChange> podcast <Speech_Music_Male> <Advertisement> dot org. <Speech_Music_Male> <Advertisement> Special <Speech_Music_Male> <Advertisement> thanks this week <Speech_Music_Male> <Advertisement> to Genevieve Smith <Speech_Music_Male> <Advertisement> James Walsh <Speech_Music_Male> <Advertisement> Charlotte <Speech_Music_Male> <Advertisement> Klein. My <Speech_Music_Male> <Advertisement> habit and the whole <Speech_Music_Male> <Advertisement> team at New York <Speech_Music_Male> <Advertisement> magazine <Speech_Music_Male> <Advertisement> you can find a link to our <Speech_Music_Male> <Advertisement> massive list <Speech_Music_Male> <Advertisement> of trump profiteers <Speech_Music_Male> <Advertisement> in the show <Speech_Music_Male> <Advertisement> notes for at NY <Speech_Music_Male> <Advertisement> MAG <SpeakerChange> DOT COM <Speech_Music_Female> <Advertisement> for more <Speech_Music_Female> <Advertisement> on attorney <Speech_Music_Female> <Advertisement> William Conroy <Speech_Music_Female> <Advertisement> Checkout Christopher <Speech_Music_Female> <Advertisement> wirth's reporting <Speech_Female> <Advertisement> for recent episode <Speech_Music_Female> <Advertisement> of the WNYC <Speech_Female> <Advertisement> podcast. The <Speech_Music_Female> United <SpeakerChange> States. <Speech_Music_Male> <Speech_Music_Male> Thanks also <Speech_Music_Male> to Dave mckinney <Speech_Music_Male> <Advertisement> and former acting <Speech_Music_Male> <Advertisement> pardon attorney, Larry <Speech_Music_Male> <Advertisement> Cooper's and <Speech_Music_Male> <Advertisement> former pardon <SpeakerChange> attorney <Speech_Music_Male> <Advertisement> Margaret love. <Speech_Music_Female> <Advertisement> Matt <Speech_Music_Female> <Advertisement> Kellett as the <Speech_Music_Female> <Advertisement> Executive Producer of trump <Speech_Female> <Advertisement> INC Emily <Speech_Music_Female> <Advertisement> Boutin is <Speech_Music_Female> <Advertisement> WNYC's vice <Speech_Music_Female> <Advertisement> president for original <Speech_Music_Female> <Advertisement> programming <Speech_Music_Female> <Advertisement>
"trump" Discussed on Trump, Inc.
"Listener supported W. nyc studios. I want to tell you about just one day of trump's Washington. April thirtieth two, thousand eighteen. Nine top executives from t mobile. Check into the trump international hotel in Washington DC with their names on a list of VIP arrivals. They arrive in Washington at a critical moment. Just the day before the company had shared some big news team mobile and sprint announcing yesterday they still the blockbuster. Deal agreement T mobile is set to by Sprint for a whopping twenty, six billion dollars to complete the deal. The company needs approval from the justice. Department one block away from the trump hotel. Hanging out in the lobby in his trademark hot pink and Black T. Mobile. Hoodie. CEO John Ledger is instantly recognizable to hotel guests he and the other exacts aren't just patronizing the president's hotel. They're advertising they're doing so. In. The original same evening check. Sam. In a closed-door sweet justice the hotel lobby. More lobbying is going on. A small group of political donors dining with the president of the United States. Method that you shut down. So every truck now. The guests include a steel magnate who complains to the president about roles limiting the number of hours truckers can be on the road. A property developer who is just holding the next summit with Kim? Jong. UN. And a site he built near Salt if you would. Consider. song-bo also in the mix. Too then obscure businessman either from in which report from you and left Parnasse. They'd security invite to the dinner after promising three hundred twenty five, thousand dollar donation to America first. Action Trump aligned super PAC. They also have something they want from the president or the purchasing A. Ukraine right now that should. The US ambassador in Kief Maria von beach stands in their way we guard your Basler is she still leftover from the Clinton administration where the investment where you great. Yeah. She's basically walk around telling everybody wait he's GonNa get impeached just wait like this is a fabrication. Trump's reaction is strong. Of. Oak. Take her out. It. Took a year. For trump. Did get rid of her. The other person's staying at the hotel that Night T..
"trump" Discussed on Trump, Inc.
"Listener supported W NYC studios. Hello it's Trump Inc. from WNYC and PROPUBLICA I'm Ilya. MARRITZ for more than four years. Donald. Trump has refused to share his tax returns as every other major presidential candidate has done for decades. You know the one that cares about my tax returns of the reporters okay. I. One do you believe that? He says he will he wants to. Buddies under. Audit. Tax Returns because as you know, they're under on it. In fact, there is nothing that says you can't make your taxes public when under audit but that's his excuse and he's sticking with it as he runs for re-election all of which has amped expectations for what might be hiding in his returns if we ever got. Well. Now we are getting some answers, but this is one of the most important stories of the past five years, not one of the most important stories of this year. But one of the most important stories of the past five years because as a candidate, donald trump fought hard to shield his tax returns and as president he has gone even. The New York Times this obtained more than twenty years of tax information for Donald, trump and trump businesses including his time in the white. House. So this is the kind of information that we are going to be hearing about for days and weeks to come and including on the debate stage in front of Sixty, seventy, eighty, million people on Tuesday night. You probably saw the eleven thousand word story they released on Sunday the. Times. Piece touches. So much of our own reporting here at trump bank that we decided to get out our reporter's notebooks and compare. I such a Dork I sat here with my newspaper open and a highlighter I've never sat down with a newspaper and a highlighter, which is you know because it leaks through and so it's really meant for that. But I didn't want to forget anything propublica Heather Vogel and Trump Inc reporter Meg Kramer I turned off in New York Times push alerts on my phone like two years ago when I? Went, on vacation and I never turn them back on again and so I actually found out because people started texting me asking me if I had seen the news nobody in their text, told me what the news was. So I could go on the New York Times website to figure it out Heather Meg. Welcome. Hi. Hello MIC. What is one big thing that you're chewing on after reading this piece? I think the thing a lot of people are going to take away from this reporting is this seven hundred and fifty dollar number that for two years he only paid seven hundred and fifty dollars in federal income taxes. It's obvious point. But like all of us pay more than seven, hundred, fifty dollars a year in taxes but like looking past that seven hundred and fifty dollar number there is so much more in this reporting that starts to fill in the gaps in our understanding of what it means for trump to be in business and in the White House at the same time. So give me one of the things that you think is more significant than his low tax bill. The thing that really struck me as I was reading this was learning that trump is under audit. The IRS is reviewing this refund that it gave him ten years ago, and there's this open question. There has been this open question throughout trump's presidency of whether or not he does the government one, hundred, million dollars. which is a lot of money to the government. So while trump himself had said that he was under audit, this reporting really adds so much to our understanding of what that actually means. Yeah. I. Mean I mean I think that the audit. Relates to one of my bigger takeaways from the whole piece, which is really. That we have this incredible tension between basically different images, different projections of Donald. Trump that. Have come from him and have come from his supporters and the sort of reality of the finances. We have this question of you know we all knew that some of his businesses were losing a lot of money. We may not have had dollar figures around before but we knew he was losing money and we knew that he was a serial tax avoiders. Because he'd said, so himself and so there's always been this question of. How much are those losses Just bad business how much is he just making bad business decisions and how much are they part of some complex? Legal and tax strategy that is somehow you know putting more money in his pocket and I think we have a lot more numbers around those questions right now and what's really interesting to me is reporting shows how this tension is really coming to a head right now that we have what really looks like it could be a house of cards in his financial. Dealings and the question is is, is it going to fall soon and one of the levers that could push him toward having that type of sort of massive financial collapse? potentially is this refund and president trump has maintained that this is not a risk in a tweet that he sent the morning. After the time story published, he said that he and his businesses have very little debt compared with the value of his assets. Meg. Maybe you just walk us through what's in this tax refund. So, during the early years of the apprentice from two, thousand, five to two, thousand, seven trump made a lot of money off of his brand licensing his name doing endorsement deals, and the Times reported that he paid a lot in taxes those years he paid seventy million dollars in taxes. Then something happened in two thousand nine, which was Obama became president and he signed a recession recovery bill that allows taxpayers to go back more years in the past and write off their losses and trump took advantage of this. So on his two thousand, nine tax return, he claims seven hundred million dollars in business losses which allowed him to get that seventy million dollars back from the irs and apparently what happens when you do that. Is The irs gives you something called a quickie refund, which is when they send you a check and then they look into you know whether or not they're going to approve that claim. So any refund over two million dollars needs to be approved by the IRS and this bipartisan congressional panel, and what's hanging in the balance is the question of whether or not trump gets to keep this refund and his awad bigger than two million dollars. In, this audit is not Your Typical Audit where the irs comes in and says, okay, we're going to take a look at your year twenty seventeen tax return and we're going to go down and count the beans and see if it's accurate or not. This is like a special audit that has a very special layer of oversight to it. That involves this huge seventy-three, million dollar refund he claimed and the New York. Times incredibly deep and revealing reporting suggests that the refund stems from his backing away from is Atlantic City casino losses in a very dramatic way in two thousand nine claiming to abandon those businesses in order to be able to get something like a write off and claim the seventy-three million dollar refund and if he has to pay back, it could be as much as hundred million dollars because of interest. as as MEG said. The refund has been questioned and has not been confirmed by the IRS as legitimate and the Times points to some reasons why the Iris could change. It's mine on that and ask for that money back plus interest and fees, which could leave him with a liability of as much as one hundred, million dollars or more to the US government. So The Times talks about the precarious state of trump's business I was very struck that trump had sold most of his stocks in two thousand fourteen. He started taking out loans on properties. He had already paid for a long time ago like the commercial space in in trump tower and to me that really all suggests the guy who is under strain and it backed up something that Michael Cohen said when he testified before Congress which was that the bid for the presidency was really.
"trump" Discussed on Trump, Inc.
"It's. <SpeakerChange> <Speech_Female> It's a <Speech_Female> it's a bit of Alchemy <Speech_Female> that's up <Silence> there with. <Speech_Female> You know <Speech_Female> turning him into <Speech_Female> a successful <Speech_Female> brilliant <Speech_Female> businessman <Speech_Male> I <SpeakerChange> don't <Speech_Female> understand it. <Speech_Female> You're saying <Speech_Female> that it's because <Speech_Female> it reflects back on him <Speech_Female> that. Yes. <Speech_Female> The way he treats his <Speech_Female> children now <Speech_Female> and we were just talking <Speech_Female> before the break about <Speech_Female> how you <Speech_Female> know I. Mean we <Speech_Female> in our <Speech_Female> reporting. <Speech_Female> That we <Speech_Female> do with Propublica for <Speech_Female> the podcast trump, INC <Speech_Female> have uncovered <Speech_Female> all kinds <Speech_Female> of variations of <Speech_Female> Donald Trump <Speech_Female> overvaluing <Speech_Female> something when he <Speech_Female> wants to <Speech_Female> say get alone <Speech_Female> and <Speech_Female> undervaluing <Speech_Female> it when he wants <Speech_Female> to say, not <Speech_Female> pay taxes <Speech_Female> and I'm wondering <Speech_Female> if you <Speech_Female> <Speech_Female> interpret your own <Speech_Female> experiences sort of being <Speech_Female> part of the family <Silence> business, <SpeakerChange> model. <Speech_Female> <Speech_Female> <Speech_Male> That's a really <Speech_Female> interesting way of putting it. <Speech_Female> Yes. <Speech_Female> Of course. <SpeakerChange> <Speech_Female> and He. <Speech_Female> Doesn't <Silence> there with everybody. <Speech_Female> <Speech_Female> You know not just <Speech_Female> family members <hes> <Speech_Female> although <Speech_Female> I know that <hes> Marianne <Speech_Female> who <Speech_Female> used to be. <Speech_Female> Touted <Speech_Male> by him <Speech_Male> as a great federal <Speech_Male> judge has been <Speech_Female> thrown into the under <Speech_Female> the bus by a bunch <Speech_Female> of its recently <Speech_Female> <Speech_Female> But he also does it <Speech_Female> with people he hires, <Speech_Female> and then a ends up firing. <Speech_Female> He <Speech_Female> does it with absolutely <Speech_Female> everybody <Speech_Female> and it's <Speech_Female> you know <Speech_Female> <SpeakerChange> that's a <Speech_Female> trick that he got <Speech_Male> from my grandfather. My <Speech_Female> grandfather <Speech_Female> started doing that <Speech_Female> probably. <Speech_Female> <SpeakerChange> In the forties. <Speech_Female> <Speech_Female> I'm GonNa ask you a question <Speech_Female> that people ask me a lot <Speech_Female> which is, how <Speech_Female> does he do this repeatedly <Speech_Female> and keep <SpeakerChange> getting away <Speech_Female> with it? <Speech_Female> <Speech_Female> That is <Speech_Female> the great mystery. <Speech_Female> <Speech_Female> That we desperately <Silence> need to solve. <Speech_Female> <Silence> <Speech_Female> I think. <Speech_Female> <Speech_Female> In a really <Speech_Female> weird way, <Speech_Music_Female> it's <Speech_Female> <Speech_Female> It's. <Speech_Female> Sort of a reductive <Speech_Female> answer, which is <Speech_Female> because he <Silence> always has. <Speech_Female> <Silence> <Silence> <SpeakerChange> <Speech_Female> And one <Speech_Female> of the reasons he has <Speech_Female> has to do <Speech_Female> with how? <Speech_Female> People buy <Speech_Female> into <SpeakerChange> a particular <Silence> narrative. <Speech_Female> <hes> <Silence> that that. <Silence> Sets <Speech_Female> in. <Speech_Female> You know. <Speech_Female> It started with my <Speech_Female> grandfather and <Speech_Female> <hes> the <Speech_Female> MRI created about Donald <Speech_Female> that he desperately <Speech_Female> needed to. <Speech_Female> Maintain <Speech_Female> as did <Speech_Female> the New York media <Speech_Female> in the eighties and <Speech_Female> the banks <Silence> in the eighties and nineties. <Speech_Female> <SpeakerChange> <Speech_Female> <Silence> But. <Speech_Female> <SpeakerChange> <Speech_Female> Beyond that <Speech_Female> I think part of too <Speech_Female> is that Donald <Silence> has. <Speech_Female> <Speech_Female> The ability <Speech_Female> to flood <Speech_Female> zone. So <Speech_Female> <SpeakerChange> effectively <Speech_Female> that <Speech_Female> it keeps people. <Silence> <Speech_Female> <SpeakerChange> <Speech_Female> From focusing <Speech_Female> on anyone <Silence> thing We're <Speech_Female> constantly <Speech_Female> changing <SpeakerChange> losing <Silence> our focus. <Speech_Female> I think. <Speech_Female> When <Speech_Female> people are distracted, <Speech_Female> he <Speech_Female> continues <Silence> to. <Speech_Female> <Speech_Female> Just, keep the the <Speech_Female> narrative, his <Speech_Female> preferred <SpeakerChange> narrative <Speech_Female> out there. <Speech_Female> <Advertisement> We have about <Speech_Female> <Advertisement> thirty seconds left but <Speech_Female> <Advertisement> I wanted to ask you <Speech_Female> this is all about a <Speech_Female> potential trump second <Speech_Female> term. What do you think <Speech_Female> would be the consequences <Speech_Female> <SpeakerChange> for <Speech_Female> the nation? <Speech_Female> Simple <Speech_Female> and dire <Speech_Female> the American experiment <Speech_Female> will be over <Speech_Female> and it will likely <Speech_Female> be the end <Speech_Female> of American <SpeakerChange> democracy. <Speech_Female> <Speech_Female> <Speech_Female> <Speech_Female> Dark <Speech_Female> Note. <Speech_Female> Mary Trump's <Speech_Female> bookstore <Speech_Female> never enough <Speech_Female> how my family created. <Speech_Female> The world's most <Speech_Female> dangerous man is a great <Speech_Female> read. I highly <Speech_Female> recommend it. <Speech_Female> Thank you so much <Speech_Female> for joining <Speech_Female> us today. <SpeakerChange> It's been an <Speech_Music_Female> honor. Thank <Speech_Music_Male> you I really appreciate it. <Music> <Speech_Telephony_Male> <Music> <Speech_Telephony_Male> <Speech_Telephony_Male> <Music> <Music> <Music> <Speech_Telephony_Female> <Music> <Advertisement> <SpeakerChange> <Speech_Music_Female> <Advertisement> <Speech_Music_Female> <Advertisement> Thanks for listening <Speech_Music_Female> <Advertisement> to this bonus episode <Speech_Music_Female> <Advertisement> of trump. <Speech_Music_Female> <Advertisement> This conversation <Speech_Music_Female> <Advertisement> was produced by Zach <Speech_Music_Female> <Advertisement> Gotora Pohan <Speech_Music_Female> <Advertisement> and the team from. <Speech_Music_Female> <Advertisement> <Speech_Music_Female> <Advertisement> The podcast engineering <Speech_Music_Female> <Advertisement> help from <Speech_Music_Female> <Advertisement> Bill Moss <Speech_Music_Female> <Advertisement> I'm Andrea Bernstein. <Music> <Advertisement> <SpeakerChange> Thank <Music> you for listening.
"trump" Discussed on Trump, Inc.
"Wants to appeal to his base as nope incidents. And is basically my God the. Religious. person you want to help people, trader stories, a lack of preparation the Hawaiian. The only. A So. That's Donald. Trump older sister Maryanne trump barry and that audio comes courtesy of the Washington Post. Who got the tape from you after? Doing some reporting legwork and asking you some questions. But what are we to make of the fact that here's his older sister, his close family members saying this behind closed doors and you're saying we've heard you say today while his children and his staff members all week kept repeating during the convention some version of if you knew Donald Trump I, knew donald trump you'd see how secretly warm and caring he is. How do you interpret that disjunction? It's simply a testament to how willing. People in Donald are. To Lie. For him and on his behalf. You know. I I've known him my entire life, and there's not one thing I heard said about him during the entire convention that. had. Any ring of authenticity to it so I think. Marianne comments. In private are a lot more to be trusted. Than anybody else's comments about him in public in the context of. An event that was designed to elevate so. I'm just kind of trying to get my mind around because this is his older sister. We just talked about how he effectively disinherited the heirs of his older brother and here's someone who talks about the importance of family and obviously privileges his own children, Yvonne Junior and Eric and their spouses and partners. How do you so does to pieces together? Yet, well, first of all these preferencing his own children for his benefit not for there's the so we need to be clear about that. It's it's quite mystifying to me honestly that people. Look Donald and and see somebody to admire or believe for a second that he would be a great family man There's so much objective reporting that's been done about his his life, his lifestyle, his relationships that.
"trump" Discussed on Trump, Inc.
"Didn't know. That there was any criminality involved. I didn't know anything about the fraud or the show corporations or the money lawn. I knew none of that So that was and not only did I. Did I not know that I had no idea that anybody other than Donald or I grandfather was involved So that we submitted for shock it was shocking and it was. It added another level of. To the mix. Or actually. It added betrayal to the mix because twenty years earlier it sounded I felt betrayed as much as I felt unprotected you know these people were not just my aunts and uncles but my trustees and they clearly didn't. Have my best interests at heart when. You, know they refuse to do anything about my grandfather's estate but I didn't know beyond that. I didn't know that there was any financial. diriye financial distractions going on that. affected. My bottom line when they bought me out of certain properties I had to share in. So yeah, that was A. That was a an unpleasant surprise. Shall we say? So you really in your book which I think I missed spoke too much and never enough is the title too much ended never enough by Mary trump you really talk heartbreaking detail about the story of how you and your brother Fred trump a third where. Basically a pressure to accept a legal settlement that effectively disinherited your disinherited disconnected you for much from much potential wealth when your grandfather died. And in that legal settlement to pressure you to go along. Donald Trump. took away your health insurance while your nephew is suffering a rare disorder. Can you walk us through what happened? Yeah, first of all credit work is do it wasn't just donald it was Donald, my aunt, my uncle Robert and my grandmother. which makes it worse. So. What stunning to me? I mean beyond the fact of it, the cruelty of it is how quickly they did it I think it was a matter of weeks if not days after we filed. The lawsuit challenging my grandfather's well. that. They came up with this game of taking away our health insurance of which would've been. Not Particularly. Kind strategy if it had just been me and my brother but given my nephew circumstances, it was. Just, inhumane and Despicable. So it also added a level of stress. To. An already stressful situation that was unimaginable. You Settle Donald Trump at the time said that you know they should have come to me if they'd come to me talk but they sued. So we had to take away this health insurance. Yeah. Well, it won't surprise you to know that that's a lie. Donald and Marianne just refused to speak to us about it. They made Robert Their point man. and. We had conversations with Robert for about five or six months before we brought the lawsuit. So we tried really hard to work things out there. Answer was always sorry. That's just it is what it is will the family motto I guess and just to sort of tied together I mean your conclusion now based on what the of New York Times put together is that they actually cheated you that they actually under valued assets when they were drawing up the legal agreement with you. That's right. They committed outright fraud. And how is your nephew now? All right. I. You know he's he's doing as well as he can be. And he's a really.
"trump" Discussed on Trump, Inc.
"From WNYC. As, CO, host of the PODCAST TRUMP INC, I've spent a lot of time digging into the trump family business records and speaking to scores of former trump employees, business partners, and associates. Almost to a person they were afraid to speak on the record for fear of retaliation. Until now I've never interviewed someone with the last name. On the record about the trump family business. But that changes right now, my guest is Mary trump niece of the president and author of the book too much is never enough how my family created the world's most dangerous man Mary trump holds degree in advanced psychological studies and teaches graduate courses and trauma psychopathology and developmental pathology. She's the daughter of the late Freddie trump donald trump's older brother married trump. Welcome. Thank you so much for having me. It's great to be her. To, really great to talk to you. So before we talk about your uncle speech last night, the trump family business your book. Married trump what weren't you afraid to speak out? Well I know these people. And I don't find them frightening. Don't get me wrong I know what they're capable of doing but. Telling the truth Gives you a certain amount of? Invulnerability I don't mean that's sound you've but I, I think. It does to some degree. especially. When You know you never have to worry about contradicting yourself right so I I knew that if I could get my message out. Effectively Or transit new I hoped that enough people would hear it to give me some degree of safety. Also. I don't subscribe to their idea of family loyalty. You know they they've not been loyal to me I'd like to think that I would have done what I did anyway quite honestly because there's way too much at stake but I'm just not I'm not bound to them in the way they seem to be bound to each other and You know something's got to change here and if if. My speaking out encourages others people to do so it will have been worth. The title of Your Book Too much is never enough. Seemed a pretty good description of the spectacle. We saw at the White House on the last night of the convention. The White House and cabinet secretaries used as a campaign prop dozens of people attending a rally in the middle of a pandemic defying health rules. How did you interpret what you saw?.
"trump" Discussed on Trump, Inc.
"We do know that in the past trump has aggressively used stated business losses to reduce taxes. The New York Times reported during Nineteen Ninety and nineteen ninety-one trump's core business losses. Were more than double those of the nearest tax payers in the IRS. Information for those years. Then there's this other bucket of money. This is money. Set aside for something called the paycheck protection program which is a loan program that is designed mainly to help. Small businesses keep people on payroll and businesses can apply for these loans and if they spend the money in a certain way and meet certain requirements that loan or part of it will be forgiven and it appears that some parts of the trump organization qualify for these small business loans. Explain that plays in the cares act. There is a special provision for the hospitality industry which says a hotel can qualify as a small business if a single location. That hotel has fewer than five hundred employees. So even if it's part of a bigger company if one individual hotel has under five hundred people working there that hotel can apply for one of these loans and the idea is to protect smaller hotel owners who may be affiliated with these bigger chains. So what we did was. We came up with a list of trump organization properties that we thought might meet some of their criteria. Okay so you populist. Check the number of employees. What did you find? We found four trump hotels that appear to qualify to that. He owns outright and to that. His company manages. The first is all the moral state. This is the small hotel that's associated with the trump winery in Charlottesville and the second is the trump international hotel in DC On the hotel's linked in page it says that it has fewer than five hundred employees and I also talked to a couple of hotel industry experts. Who said that number sounds about right? The trump organization also manages a hotel in New York and Chicago that both appear to have under five hundred employees. We reached out to representatives at each of these hotels to ask about staff size or whether or not they plan to apply for one of these loans and in here back so this program which could be giving paycheck protection act funds to some trump businesses is run by the small business administration which trump overseas right and the small business administration still hasn't lead out whether or not there will be any public. Disclosure of which businesses qualify which ones receive loans and which ones ultimately get those loans turned into grants We just don't know how it's GonNa work. One thing to add here. Is that loan? Forgiveness depends in part on businesses keeping people on staff and we've already heard of trump hotel employees getting laid off furloughed. So let's talk about that. Trump has hundreds of millions of dollars in debt. His BIGGEST LENDER IS DEUTSCHE BANK. And some of the money that trump organization barred from Deutsche Bank is guaranteed personally by DONALD TRUMP. So he could have a situation where a major bank is renegotiating payment terms with the president of the United States. Who has the power right now to make sweeping changes to the economy so we know from recent reporting in the New York Times that the trump organization has already reached out to what your bank to discuss the possibility of postponing payments. Some of its loans. There is actually a provision in the cares act that applies in this situation and would make it easier for Deutsche Bank to say yes so under normal circumstances when a bank restructures alone or offers modified terms like the ones that the trump organization is asking for it would have to reclassify that loan as troubled debt and then take a couple of extra steps under the cares act. Banks don't have to do that. And the idea is to give banks. More flexibility to work with borrowers and prevent a wave of defaults economists and policy. People I've been talking to about this say this is a really important provision so when it comes to trump. It's not so much an outright benefit it's more like one of these situations that we often see that highlight the kind of complicated tangle of business and government resulting from trump's decision not to divest from his business interests. I reached out to Jennifer hearn. Who is the policy director at citizens for responsibility and ethics in Washington to talk about the potential conflict of interest issues? Baked into office. Like what happens. If the trump organization applies for a small business loan. If you have a situation where more than one eligible company is applying and you have to decide between among them. That's one thing that is certainly concerning. Question is the president's business going to be receiving special treatment also. There's a big question around what enforcement looks like. That's certainly a question that I think needs to be. Raised here is not just will. They received the loans but also if they were to not comply with the terms of alone or grants. What would happen in that circumstance? Who'd be making the decision about what to do about that? There are a lot of open questions here because the reporting requirements haven't been made clear We still don't know if trump will benefit or even what his company will have to disclose We do know however that he oversees the agencies that are writing these rules. The trump organization in the White House did not respond to our questions about whether or not trump's businesses plan to apply for loans through this paycheck protection program if they do in fact qualify and Deutsche Bank declined to comment about its plans for how it will handle troubled loans trump INC reporter Meg Kramer looking at how. Trump's company could benefit from the corona virus bailout PT. There's another related question. One that's prompted by trump's own promotion of the rule of the private sector in alleviating. The National Emergency Very Small Companies Family owned company. Step up and the question is what is the trump organization do. It doesn't appear they're doing much. This is Peter L. Kind. Senior reporter for PROPUBLICA spoke to specific public officials who have got city fundraising efforts going or efforts to get donations of hotel rooms for first responders medical personnel or our patients. Who Don't need hospitalization. And they haven't heard anything from the trump organization from any of the trump hotels. So let's break that down. Let's start with New York. Obviously the epicenter of the crisis and wear trump's businesses from what did you find when you contacted officials in New York so the city desperately needs extra space to house. People Medical personnel also as overflow from hospitals and for people who need to be sequestered. Because they're either waiting. Test results are have been diagnosed but don't require hospitalization and there have been hotels that have stepped up and well the four seasons and the Saint Regis and the plaza hotels in New York have all agreed to donate space free of charge. The trump international hotel tower which is overlooking central. Park has not what other cities have. You looked at well in Las Vegas. In particular. They could have donated food. There was an order of St Order that forced all the casinos and hotels to shut down and the Food Bank. They are which is serving a population. That's in desperate need now. They have six special drive-thru locations that they've set up to meet the need after the hotels and casinos were ordered to shut down. They got a deluge of food. Donations from these places had all this stuff in their kitchens. But suddenly we're going to have any guests and they got food from a half dozen at least of the big casinos in town and they've got nothing at all from the trump hotel in fact they've never received anything for the trump hotel and they're hard time there. Now you try to find out from the trump organization what it was doing. Great yes absolutely. So I love voicemail messages for Donald Trump junior I send emails to Donald Trump junior and eric trump to garden executive vice president in Terni for the trump organization as well as spokesperson for the company. I asked him repeatedly to tell us what they're doing. I mean it's it is possible that trump's have engaged in unseen acts of charity connected to the pandemic. The trump however have not been known to high deeds for which they might receive favourable public attention. Peter L. kind is a senior reporter at Propublica up next oversight in a national emergency with trillions of dollars of taxpayer money going out the door and government being reshaped by the minute trump which is still acting like trump conducting these partisan investigations in the middle of a pandemic is a really big waste of vital resources. Time attention and we want to fight for American lives not waste time and build up my poll numbers. Because that's all they're doing because everyone knows it's ridiculous we'll be right back thanks..
"trump" Discussed on Trump, Inc.
"Until she isn't Hillary Clinton when Bill Cosby was accused of sexual assault. Mrs Clinton tweeted every survivor of sexual assault. Deserve right after the Republican National Convention. In Cleveland Paul Manafort is forced out of the trump campaign after his undisclosed work for a pro Russian Ukrainian strongman is reported in the news barrick was on TV. Paul Manafort the best in the business incredibly credible incredibly thoughtful mazing track record. He did the job and and then as politics goes everybody gets attacked. I mean this is just a week after. Donald Trump wins the election. He picks Tom Barrack to run his inaugural committee. He's the chairman now. People start start to call him that. In the past inaugural chiefs were often creatures of Washington. Sometimes they went onto jobs like White House. Chief of staff Tom Barrack like the man man who chose him is a wealthy outsider. What he wanted from the GIG is not so clear in Tom Barracks world? You make money by managing other people's money. The thoughts are on a colony financial collie finances one will and even more money flows your way and you get cheered on by Jim Cramer on CNBC. By it's run by Tom. Barrack and I think Tom Barrack is money. I'm going to recommend let's. Let's go to Brian. Brian Unlike private equity firms where the goal is prophets with a nonprofit inaugural committee. The goal is to raise the money. You need to support the mission and then close up shop. You're the instructions. President George W Bush gave to his second inaugural planner. Greg Jenkins you. Don't turn on the spigots full speed ahead. You raise what you need with a ten percent contingency and then live within your means means spend within your means and then you should not have much more leftover. The fifty eighth presidential inaugural committee under under Tom. Barrack does not adopt this thrifty attitude on paper. They say they aim to raise fifty million dollars. Almost one hundred seven comes in their forty seven one one million dollar checks. I've seen notes from the committee's first meetings. You can feel the participants trying to manage. Trump's impulses people say things like make it more pageantry than just the military or eliminate all the parts about winning in a different meeting. According to one source the president elect said. He wanted the kind of show. They have in North Korea for his right hand man in the committee running things day to day Baruch turns to Rick Gates. This is the same Rick Gates was Paul Manafort's number two in Ukraine worked for the trump campaign and much later pleaded guilty to conspiracy and lying to the FBI. In the Mueller. Probe in the midst of inauguration Planning Ricketts rights rights to Ivanka trump. He's looking for price quote on the event spaces at the trump international hotel in Washington. Ivanka connects gates with the hotels director over email propublica just Elliott and. I got the emails and spent a lot of time reading them. The prices they quote are hundred. Seventy five five thousand dollars per day and this is going to be for four days. One hundred seventy five thousand times four is seven hundred thousand. This information is forwarded to Stephanie. Winston walk-off and experienced Newark event planner responsible for conceiving and organising many of the party's we'll call expresses her concerns to vodka and Gates in writing and she essentially says this price is ridiculous. She says please take into consideration that. When this is audited it will become public knowledge stat? Locations were also gifted union station like the trump hotel is a grand old space. That's book for an inauguration. Week event on like the Trump hotel the operator of union station decides to donate that space for free I called up a bunch of DC event planners to ask what they make of this one hundred seventy five five thousand dollar a day number. Their views fell on a spectrum. Somewhere between. Oh that's high and you've gotta be kidding me a spokesman for the inaugural committee confirm. I'm to us that the number and those emails four days for seven hundred thousand dollars total. That is what the committee paid. Which means that the objections in this email exchange exchange from Stephanie Winston? Walk off the event planner to that one hundred thousand dollars a day raid did not win the dentist. The quoted one hundred hundred dollar a day raid was the rate that they paid. Those emails would be of interest to the Internal Revenue Service if they were to conduct it. This is Brett Capelle. He's an attorney down in in Washington. Who Specializes in political nonprofits like the inaugural committee? He told US American tax laws were written to discourage the people who run on profits from steering steering money to insiders and their family members. Ivanka trump who helped set the price. Once testified she owned seven percent of the trump hotel her father and two the eldest brothers on the rest Capelle says if the committee paid them above market rate. Well it's violation of entities tax exempt status and the regulations regulations that govern tax exempt transaction. Now that's that's just a civil violation. Now if they uncovered evidence of a conspiracy to deliberately violate the Internal Revenue Cook by charging two or three times the fair market value in order to derive an illegal profit. Then you get into the criminal side the tax law and those emails Certainly are not helpful to them in that regard the criminal violation hinges on whether the committee committee knowingly deliberately overpaid and whether it can be proven federal. Prosecutors are now looking at the committee's finances though we don't know whether tax laws part of their probe prob- one transaction like this is enough to bring a criminal tax case but if there's a pattern involving other transactions involving the inaugural uh-huh committee and I suspect what they're going to be doing is a forensic audit of all expenditures made by the committee to see you know who ultimately received the money the fifty eighth Presidential Inaugural Committee reported to the IRS that it did not pay above market rates to insiders. We wanted to ask Barrick about this us as the guy in charge. Why did you book the Trump Hotel? Were you concerned about overpaying. Baruch did not agree to an interview. His spokesman and the inaugural committee did not answer our questions about this. Then there's Ivanka. Her spokesman basically told us that vonk wanted a quote fair market rate for the event space in the hotel but he wouldn't give us any evidence of that. One thing is clear. The inaugural committee treated booking the trump hotel not as an option but as a necessity. We know this because the committee he tried to muscle out someone else who booked the ballroom months earlier. She was pretty much the last person you'd want to give the boot Reverend Mary. Turner and I I am the host of the presidential inaugural prayer breakfast in Washington DC. It's a smaller event than the National Prayer Breakfast that you may have heard about. You've been doing that. Since how long we began our husband each in nineteen ninety three to pray for the nation and the Office of the presidency in December. She started getting emails and phone. Calls from Rick Gates Tom Barracks Deputy at the committee wanted our face and Wanted the entire hotels blocked for the full week of inauguration after she politely declined Reverend Turner Heard From Hotel management the cancelled her booking invoking a common clause in contracts newness force measure or an act of God like a hurricane military invasion in this case. They predicted civil unrest. That was their excuse. Which of course it does legal grounds because they had not cancelled other nog girl events being being held there you know about the inaugural committee so if it was unsafe for our group? It would've also been unsafe for the Presidential Inaugural Committee orth Republican Party to hip offense there at the entire week. End Inauguration Day Reverend her did not back down and days later the hotel while on canceled. Her contract on inauguration morning hundreds of God fearing men and women ate Hala and drank communion wine in the trump hotel ballroom.
"trump" Discussed on Trump, Inc.
"Hello and welcome to season. Three of trump inc chameleon merits from WNYC. And I'm just in Elliott from PROPUBLICA TRUMP INC of course a co production of PROPUBLICA and. WNYC's an open investigation in real time into the business ties that underpin the trump presidency a year ago. We brought you a story that asked a simple question. The inaugural inaugural committee raised nearly one hundred seven million dollars. What did they do with all that cash? Or as George W Bush's inaugural chief Greg Jenkins put it so. They had a third third of the staff and a quarter of the events and they raise. What at least twice as much as we did so? There's the obvious question. Where do they go? I don't know no ideas. No ideas and since Jenkins the spark last year. ABC News is reporting. That Robert Morris probing right now. The donations made the trump's inaugural committee from one key inaugural official testified under oath that he might have dipped into the fund gates admitted to Manafort's lawyers in open court that he quote possibly wrongfully submitted personal expenses to the inaugural committee for Reimbursement. DC lobbyist pleaded guilty to silting an illegal contribution from Ukrainian businessman and member of parliament San Patent admitting to arranging an illegal foreign donations Asian. Donald Trump's inauguration then last December tonight. We're learning how a lot of that money went right into the pockets of the trump family business. Here's what we we Republican. WNYC Brooks News ourselves have uncovered evidence that a vodka trump played a role in how hotels were booked for the inauguration. impossibly next the inaugural committee came directly under investigation. Federal prosecutors in New York is a wide ranging subpoena for documents and records and how to relate nice to potential crime conspiracy against the US false statements mail fraud people from the Middle Eastern countries including Qatar Saudi Arabia and the U. A. e. a used Straw donors to disguise contributions. The trump administration has attracted people who've tried to profit from government connections. Think think Michael Cohen or Michael. Flynn now with a federal investigation of the inaugural committee. It looks as if that pattern may have been set. Even before trump took the oath that brings us to the man in charge of the celebrations in January. Twenty Seventeen Tom Barrack stylistically. He could not be more different from from the president. Trump's thing is bragging don't show and exaggeration barrick can be almost comically self-effacing. All of the really smart intelligent people are in the transition edition taking jobs. That trade finance nuclear disaster. I am the master party platinum. This is a man who fortune magazine on on its cover. Once called the world's greatest real estate investor he oversees a company called colony capital with forty four billion dollars of assets under management. He's in hotels offices and warehouses a word he uses a lot is opportunistic that you have to be opportunistic. Even if Barrick took took the job of inaugural chairman simply as a fever for a friend he still had something to gain. Barrack gets fanshawe financing and does a lot of deals Shen with Middle East countries. This propublica Peter Elkins the perception and reality of his. Having influence government policy is something that matters. There's deeply to all the Middle Eastern states sovereign wealth funds investors who are are really important part of a funding with our does. ooh We found a confidential memo that shows that colony capital this global finance and real estate firm had a well-developed plan to profit from its connections and trump's Washington. Right from the start one note on this story. People who worked inauguration were covered by a confidentiality reality clause. So if you're wondering why am. I not hearing the voices of the people who made this party happen that's one reason Justin's going to rejoin the story in in a little bit. Tom Barrack is seventy one years old. He serves plays Polo received the French Legion of honor for his skills. As a Vintner you look at the vine the divine itself was capable at every level of growing these kinds of berries look sometimes gives out these little laminated cards hearts to people. He meets with his twenty rules for success. Number nine always be nice to the invisible people number fifteen take care of others and the A universe. We'll take care of you even angry. Tom Barrack doesn't really sound mad. At one of the few people in the business world that is really supporting Very publicly Donald trump wi high as a user of the system. I'm also angry with the system. I'm not angry at President Obama. It's really really difficult unless you have. Somebody who's chipping away at all of these bureaucratic pieces his whole adult life. Life Tom Barrack has walked the corridors of power his first job straight out of law school for the personal lawyer to the president of the United States. The president at that time is Richard Nixon. The lawyer is named Herbert Kulmbach. He's the man who personally delivered bags. Full of cash to the Watergate break in team combat claimed he. It didn't know what was in the back. Barrick doesn't stay there long. An assignment takes him next to the gas fields of Saudi Arabia. Where he has a happy accident? I was terrible the Laura Gasification but I play racquetball so one day my boss comes into play by play records. Well there's guy watching racquetball with not sets me up with one of the sons of the king from this first connection with a Saudi Prince Barrick spins out a web of new personal and business relationships around the Middle East relationships that continue to this day. Is there anybody in corporate America who knows the Saudis as well as you do. I'm sure there's there's there's plenty of people that I I started as a young pup. While he's in the Middle East Tom Barrack also spends time in Beirut there he strikes up a friendship with another young American. WHO's also interested in business and politics politics? Paul Manafort next Barrick travels to Haiti to negotiate an oil refinery deal with that country's dictator. Baby Doc Duvalier in the eighties. It's onto Washington. Eric briefly holds a job in Ronald Reagan's Interior Department. Not long after that. He's called before Congress to answer some tough questions questions about a home loan. He forgave which some saw as questionable. Thank you senator. I I would like to make a brief statement that the loan benefited Reagan's incoming Attorney General. Oh Ed meese. An independent counsel investigates and finds no evidence. Barrack was doing a favor to get a job. In Washington. Barrick returns the private sector. He founds ounce colony capital a private equity firm and colony thrives buying up bad loans for cheap in the savings and loan crisis of their early nineteen nineties after the two thousand eight financial crash rush. He scoops up foreclosed homes by the hundreds. And he's not at all I can swoop in and grab something in profit on somebody's misery. You know that's capitalism This is Peter Elkin from propublica who's researched barracks career with colony capital. They're involved in financing of deals or restructuring of deals. They're really pretty ECLECTIC. Operation in reflect barracks personality in many ways when Michael Jackson sinking in debt colony capital buys his Neverland ranch and makes plans for a world world concert tour. Connie also helps any leave of its hang onto the rights to her photographs when her creditors come calling require of both distressed assets and distressed. There's people he's really good at buying low in developing relationships with people often times when they're in trouble and doing big favors for them. AALTO will help him down. The road on at least two occasions colony shows interest in partnering with Donald Trump. Both Times the result is the same. No deal bill. In the nineties colony. Talks trump about financing for Manhattan development called Riverside South. They pull out and the project is built with someone else's help in twenty twelve. Twelve colony lends its name to the trump organization bid to renovate the old post office in Washington. DC There are nine other bidders trump. beat the odds. Let's wins the contract and then go somewhere else for financing Deutsche Bank today. It's the trump international hotel on Pennsylvania Avenue. I think barracas America's willing to put his neck in this company on the line a little bit to help somebody out of the critical moment. Even if it doesn't necessarily make business sense in the short-term now now a close friend business associate of Donald Trump Tom Barrack the real estate billionaires known trump for more than thirty years he's when Donald Trump runs for president barrack becomes one of the few prominent business leaders to endorse him. He goes further and recommends his old friend from Beirut days to the campaign Paul Manafort Donald Trump's campaign campaign chairman barrick raises money for the calls. Today What you're calling the real deal? Super PAC has launched and in just a few hours. How much money has it raised just about? Thirty two million in contributions a thirty pack noon is rebuilding. America now actually falls about nine million dollars short of that target but with the millions barracas. They produce a blizzard of ads. Like this one. So who is all four women.
"trump" Discussed on Trump, Inc.
"Hello Trump INC listeners. It's Ilia if you've been listening to the PODCAST for a while. You know. We have a lot of questions about the nonprofit committee that Organiz the parties around. Donald Trump's inauguration a little over a year ago my propublica colleague Justin Elliott and I first reported that the trump hotel hell in DC was paid by the trump inaugural committee to host events. So the president's business made money from a nonprofit posting a civic celebration but it went beyond fat elite planner on the inaugural committee warned that the hotel was overcharging. The committee she wrote this warning in an e mail and sent it to vodka trump. Now we have an update on January twenty second twenty twenty about a year after our reporting and three years after the inauguration the Attorney General of Washington D. C. charged the inaugural committee the trump organization and the trump hotel in civil court with abusing the laws on nonprofits quote members of the trump family. Were aware of and involved in the negotiation of this. Unconscionable contract at the center of the whole thing is a four day rental agreement for the ballroom and some adjacent spaces that the trump hotel an agreement justin and I examined in detail last year in our episode about the inauguration. And Its chairman Tom Barrack. So we're sharing that episode with you again now and just one note before we hit play. We did not immediately received comment about the lawsuit from the inaugural committee from Barrick spokesman or or from a vodka trump we did hear from the trump organization in an emailed statement. A spokesperson said the claims are false. Intentionally attentional misleading and riddled with inaccuracies. The rates charged by the hotel. Were completely in line with what anyone else would have been charged for an unprecedented precedent event of this enormous magnitude..
"trump" Discussed on Trump, Inc.
"The kinds of trademark. For vodka Trump. Trump's investments overseas things that would give you a nexus between Trump's business and foreign governments since Trump became president. I I would bet those are the kinds of stories they're going to focus on I just because they have the most relevant Trump's presidency now and maybe work backward from there in backward in time. So I think those are the things that they're going to look at. And I think injury, you're right. The ability we have to see into those things I did think really expanded overnight, and you're right that when asked for documents at least so far the Trump organization has not done with Donald Trump with Trump campaigned it and save screw you. We're not giving you anything, you know, those are people with all licenses to preserve those people with who don't want to go to jail. They have responded in pretty forthcoming way. So I think we may see more of that. And learn some of the answers to these questions, so Anita you did some reporting in the past months about specifically the Trump adult children, Eric, Don, jR, and their role on the campaign trail, which was the sort of quite interesting side story to me that I feel. Never got enough attention. Because obviously, these are the people that are sort of supposed to be walled off running the Trump organization yet they've been judging by their Twitter accounts spending every moment of October and early November campaigning for their father's causes. So can you talk a little bit about that? Sure. I'll bring you back to last year was it last year two years ago. Now when the Trump family said the children were not going to be they were going to be walled off from their father while he was in the White House. Remember that they were going to really have any interactions. We'll just remind people of that. But sure, I think it's really done junior. The oldest who has been the most active politically he has done. I mean, I've I went to one of his event in Indiana, recently, he's done more than sixty political events this year. He has such a great following his father and a lot of people wonder if he's going to actually run for office. So he's not taking his dad's message all over the place really using kind of the same lie. Lines. There was even a locker up chant about Hillary Clinton at the event, I went to so he's been doing a lot of stuff. I actually in the story. I just recently wrote a vodka Trump. It was doing very little and people were very upset that she was doing very little politically and the White House really really pushed back and said, well, she's at the White House, and she's not doing it because she's at the White House, although we know that lots of people at the White House do political things, but he's in touch with them. He's you know, talking to them. He's working with them of uncle win out on his last day of campaigning to all his rallies. There's a lot of that going on. I think Eric is probably doing the least amount..
"trump" Discussed on Trump, Inc.
"And here we get to part two in our framework Trump breaking the rules. It's interesting how it worked. It's not really. It's not complicated anyway. It sort of out of monster on a movie for upkeep on his empire of dowdy, outer borough, permanent buildings. Fred Trump was regularly buying you a quick men and supplies. He would buy boilers fridges and stoves by paint supplies. Nothing too strange about that. He was driving his own bargains building by building, and then one day county shows all county building supply. Now, this is a head scratcher to figure out what this was. One of the reporters from the times went to the Bronx to talk to a guy who used to sell boilers to Fred Trump. His name is Leon Eastman, and he remembers a deal negotiated with Fred Trump in nineteen Ninety-three for sixty boilers a huge deal for him. He remembers the lunch. He remembers the restaurant. They went to. He remembers that he had to pay the tab, and he said, there was no all county at this lunch was Fred Trump and Fred Trump's people, and the first thing you ever heard about. County. It was when the checks started willing 'cause they were cutting the checks for you. Got this. The middleman company, all county building supply is paying the price Fred Trump negotiated, and here's the trick. All county would then Bill Fred Trump a higher price, a markup of twenty percent or fifty percent maybe more. Why? Well, it turns out all county was owned by Donald Trump and his siblings and a cousin. So the markup on those boilers went straight from Fred, Trump's pockets to the next generation and all county shareholders companies, siblings split.
"trump" Discussed on Trump, Inc.
"Welcome back. Let's review where we are. It's early days of the Trump organizations Faren licensing deals. One of their first deals is in Panama to finance it. There's been a scramble for sales brokers have been wrangling buyers and questionable ways. And did we say this, it's Panama, which ranked more corrupt than Brazil. India and Saudi Arabia on transparency, international's index Trump ocean club bonds are a tough sell rated junk. Bear Stearns is about to collapse the real estate market melts down eventually leading to a global recession in two thousand nine. The bounds are downgraded. Ivanka Trump describes things differently. She says out only problem is we don't have enough inventory over the next two years. Things don't go well for the building, Heather in MAG are going to take it from here. Buyers were promised a beach club on a nearby island, the planned club. Kept moving to islands that were farther and farther away from Panama City. It was never finished the Trump casino which was advertised as part of the ocean club. Early on wasn't materializing either. It never did. The developers had an obligation to bondholders to keep up the rate of sales and to keep buyers locked into their sales contracts. Buyers started to default on their payments. In July of twenty seven with the building late and over budget, the Trump family traveled to Panama. For the opening ceremony, it was the middle of Panama's rainy season and a downpour during the opening ceremony flooded the streets outside the ocean club was surrounded by new developments and the neighborhoods drainage system was overloaded inside the hotel Trump lined up with a row of men in dark suits to cut a ribbon. He stood between his son Don Jr. and Panama's president Ricardo Martinelli who's now in jail facing unrelated corruption charges, which he denies Martinelli reportedly told Trump at the event that quote, everything you touch, turns to gold Trump was friendly to. And grabbed him and shoulder. They really love your president and I want to just thank you very much for being here today, and you're my friend. Trump and Martinelli were driven out through the flooded streets in separate SUV's just five months later in November of twenty. Eleven the developer defaulted on its bond payment. What we could see from our reporting was that the Trump's and their promotions had really pushed this thing into existence and had done. So at times in ways that we're very questionable that whole deal had these rotten underpinnings and when things got tough, a lot of the buyers walked away. Investors lost one told us that a full one hundred twenty million of the two hundred and twenty million bond. Financing wasn't paid back buyers walked away from their units and forefeited more than fifty million dollars into posits Trump was making money I by selling his name then by bringing in the financing and taking a cut of investor money without taking on any risk. It's hard to think of any aspect of this project that they hadn't figured out a way to draw fee from the. Two thousand six licensing agreement shows they were getting seventeen and a half percent of what hotel guests paid for the rooms, including what they spent on minibar items, internet service, and even bathrobes. They were also going to get a twenty percent commission. If they were able to help the project save money on construction contract, they weren't hitting four percent for parking unit sales, twelve percent of commercial space rentals, four percent of the hotels gross revenue for managing it lessen incentive fee equal to a fifth of the hotels net operating income. The Trump organization was eventually kicked out as building managers, but Donald Trump based on financial statements, government disclosures, and other records Trump appears to have walked away with between thirty and fifty five million dollars. In Panama. The Trump's engaged in a series of misrepresentations. They made money while buyers and investors lost out and what happened in Panama was not just a one off the WNYC propublica investigation looked at deals from Toronto to the Republic of Georgia and the elements of what we saw in Panama kept appearing inflated figures about the numbers of unit soul inside deals and a sort of Trump sleight of hand. The Trump's consistently talk up their investment early in the deals. When things go bad, they talk down their involvement. So what they said is that they were investing when they weren't and they didn't oversee aspects of the deals when they did. This was part of a pattern that we saw stretching across multiple deals across multiple countries across multiple continents. The details weren't always the same. For instance, in Toronto, buyers were shown these projections about the kind of prophets they could expect from these hotel condo units. And it turned out the projections were completely off the charts, not realistic in any way. Buyers sued. They said, Trump misled them over his ownership stake and that the developers were making false promises about how much money they could make a judge called the projections deceptive documents and added. They were replete with misrepresentations of comission of omission and half truth. The Trump say they're merely licensors and there's no factual basis to involve the trumps and the claims the litigation is ongoing. Then there Chicago where Trump worked to gin up early sales. So what happened in Chicago was that Trump offered a special deal to people who were involved in the project like brokers and architects allowing them to buy an early for a discount. But the problem was that once the project was all done and it was actually selling better, he pulled back that discount Trump cancelled the early deals. He said, we're entitled to the higher prices in a Florida project. There was another wrinkle. This time an. Insiders price for Trump organization employee's including Don Jr. there were emails came out in a court case. So the developer was promising Don Jr. in the Trump employees, five percent down payment in a discounted price and the rights to flip this property pretty much immediately prior to closing so that they could make a big two hundred thousand dollar profit right off the bat. So in the process of that conversation, we saw emails that show they were discussing backdating contracts so that they could get favorable capital gains treatment. They formed a company busy boys to handle the inside deal. The Florida project was never built. The Trump organization did not respond to requests for comment. Oh, also Trump SoHo artist on flav. The Trump International hotel and tower in SoHo is the site of my latest development. This fifty. WNYC propublica New Yorker investigation found there was an actual criminal investigation of Don Jr. and vodka Trump's misrepresentations about how much of the Trump SoHo sold. There was evidence of felony fraud. The Trump's denied wrongdoing after a lot of legal back and forth and visit to the DA. By a campaign donor, the case was dropped. The DA denied. He was influenced by the donor. So with the suggests to me is that this wasn't just a fluke where the Trump sometimes would forget the numbers for particular project and maybe miss speak here they are, but that this was actually a strategy that they employed across deals where they were misrepresenting the value of these projects as part of a strategy to try to draw more money into them that this was actually a feature of their business model, not just a fluke. Donald Trump, and I'm the largest developer in New York.
"trump" Discussed on Trump, Inc.
"Technically, it's not called the Trump ocean club anymore. But in the spring, when we visited, you could still see the faded outline of t. r. u. m. p. on the sign by the driveway, the marketing materials describe the ocean club as sale shaped. It's more like if Georgia, oh key for an architect, she would have designed to building like this. There are two Infinity pools, even a place to more your yacht. If you have one, there's a rooftop garden dotted with pink and purple tropical flowers. A piano in the lobby is far as we can tell Trump didn't put any of his own money into the building. It was financed instead with two hundred and twenty million dollars in corporate bonds for the purposes of this story, think of a bond as a kind of Bank loan instead of writing a big two hundred twenty million dollar check the Bank breaks Vallone into pieces and sells those pieces to investors effectively. It's the investors. Now the Bank or putting up the money. There's one really important thing to know about this financing in order to get it. The developers had to show that the Trump ocean club was a sound investment. And the way they did that was by getting a huge number of buyers to commit to units a head of time. One of the reasons we came to Panama was to find out more about those early buyers and about the financing in Panama. These records are kept at the office of Panama securities commission. So we went there. Having to the car, Heather Knight talked about one thing in particular. We were hoping to find. Some slicing agreement. It's the document that lays out in detail what his role in the deal was and what he got paid for. It wouldn't be in there. I mean, they've got all the other backup. The claims in the bond prospectus is in there. Driver drop us off in front of a tall glass building. We wrote a cramped elevator up to the eighth floor. Someone let us over to a folding table with a huge stack of documents. There's like one, two, three, it's all the records. They could find about the Trump ocean club bonds. So we go through that twelve thirteen really fat folders. This is amazing. This is what is that pre-sales and it's all about. How does really early sales were going to work. And then a photocopied document with a familiar angular signature Donald Trump just found that license agreement between Trump and developers of the project, and it describes Trump as a world renowned builder and developer of luxury real estate among other things who enjoys the highest reputation in these fields. The license agreement signed in two thousand six. This document is h Frazier trove of information on the Panama deal. It leaves out what Trump's obligations are and how he can make money. He gets a million dollars up front and he gets at least a four percent cut of sales, but get this even if they don't sell. The contract has a special provisions that he will still get a commission. He gets a commission if they sell, he gets a commission if they don't. So there's something else we found an amendment to this document signed in two thousand seven that totally changed our understanding of what Trump did for the Panama deal. There's a line in it that says, Trump is quote responsible for licensee, securing financing from Bear Stearns for the construction of the building. Bear Stearns is the investment Bank that issued the two hundred and twenty million dollars in bond. Financing Trump got a cut at least two point, two million dollars this detail that Trump brought in Bear Stearns and was paid for it directly contradicts the twentieth. Seventeen statement from the Trump organization. It said Trump was not responsible for the financing now, we know that's not true. These documents that Heather and Meg found they link Trump too many more aspects of the deal. Then he's acknowledged in the past the ways he makes money, the Trump families oversight of sales and marketing Trump's direct tie to Bear Stearns financing that made it all possible. Trump ocean club in Panama City was pitched by someone you've probably never heard of Roger Chaffee, Heather talked to him on the phone a couple of times, Roger, easy guy to talk to. He's affable. He's uses colorful language. He's intense. He makes big promises. He's a very determined guy from what people told me. And sometimes that determination comes across a bit as stubbornness is a Panamanian citizen of Lebanese descent. He was an importer exporter of clothing and textiles. He worked in the free trade zone in Panama near the Panama Canal, and he had started dabbling a bit and real estate. He had a plot of land right on the water in an up and coming neighborhood in Panama City. He didn't have the money to build, but court records showed his company agreed to pay over a million dollars to the middleman who introduced him to Trump. He flew up to Trump Tower to meet with Trump in New York and to pitch him the project and the idea that he had. And Trump didn't give an immune answer off the bat. So Kaffee left and flew back down to Miami the next day, the phone rang and he picked it up and it was someone that sounded a lot like Trump on the phone, but he thought it. I said it was a prank call that it was a friend of his and it turned out that it actually was really Trump says that a week later Ivanka Trump flew down to Panama to check the place out Trump and Kaffee. We're in business. When Trump signed the deal in March of two thousand six, the ocean club was still an undeveloped plot of land to start building. They needed the bonds and the bonds they needed to start selling quickly. Trump was ready to make his first pitch. So they had this press conference in Trump Tower in the marble atrium and everybody's got their nice business suits on a caffeine is there. He's got this pale pink tie in well, cut dark suit and has their Don juniors there. And Trump's there, of course, and they announced this incredible project that they're going to do in Panama. One of the biggest buildings if not the biggest building in Latin America. So at this press conference Trump makes what maybe his first misrepresentation about this deal. According to one account Trump says that in addition to being a licensor, the Trump organization has a financial interest in the deal, but he wouldn't say how much he'd left the impression though that he had an ownership stake which he didn't. There's a concept in real estate sales. It's called puffery. It's okay to say you have the world's best building even if you don't. This happens all the time. It's not okay to mislead potential buyers on something material, a specific verifiable statement, you know is inaccurate. In the hopes it will encourage buyers to put down their money that could be fraud.
"trump" Discussed on Trump, Inc.
"How are you. How's the county in two thousand and eight Yvonne. Ca Trump takes a phone call from portfolio magazine. The transcript of the interview was published, but the audience never been heard. The vice president of development of acquisitions of the Trump organization. She's grabs what she does. The world right now. She mentioned Dubai and Scotland. A lot of what I do is get involved in the acquisition process and then the initial due-diligence process, she talks about seventy projects in the pipeline. One of them is the Trump ocean club. Panama. We have many projects that are actually sold forty units in Panama Las bump. She says, she's on forty units. You did. She was asked. She backs on our project. We did. She says, our project thousand unit building, we've sold over ninety percent of it. It was more like seventy nine percent in Panama. We sold it a five hundred percent premium. Anything the luxury market had ever experienced prior to our entry. She says the Trump sold units in the Panama building for five times as much as other luxury units in the same market. They did not. We now know no five hundred percent premium new personal sales by Bunka Trump. No ninety percent sold. Five years after this interview that Trump ocean club. Panama went bankrupt of those one thousand units. Buyers walked away from nearly half. They forfeited their deposits. The Trump's, they made tens of millions. After Donald Trump became president, the Trump suffered an international embarrassment at the Trump ocean club in Panama City. There was a dispute about their management with a group of owners of the hotel condo units Trump management was voted out, but they refuse to leave. There was an actual physical brawl. Eventually the Trump organization was replaced. A worker took out a yellow crowbar and a hammer prying. The letters t r u m p a stone wall in front of the building. The president's company issued a statement distancing itself from the property Ivanka had once called our project. This statement said, quote, the Trump organization was not the owner developer or seller of the Trump ocean club Panama project because of its limited role. The company was not responsible for the financing of the project and had no involvement in the sale of units, but like the vodka Trump claims. We just heard this also was false. A WNYC propublica investigation of a dozen deals around the globe found the Trump's Donald and his children were way more than just licensors in places like Panama. They were deeply involved in many aspects of the deals. They misled people when the projects didn't work out for buyers and investors, and they often didn't the Trump's profited anyway. I'm going to step back a moment and give you a quick history of the Trump family business. Recently, there was a huge New York Times investigation of Donald Trump and his father, Fred Trump what it showed. Contrary to the myth, Donald Trump was not a self made man. He got over four hundred million in today's dollars from his dad. In two thousand four, Donald, his siblings sold off their dad's empire. A Trump lawyer called the story false. This was around the time that big banks mostly stopped lending to Trump. They'd been burned one too many times as we now know Donald Trump then changed his own business model from building buildings to selling his name. You've probably heard a lot about this business model. It was a brilliantly, pure licensing strategy. So the story goes, but as we've found out, this is a myth to our investigation, found that what happened in Panama was typical of a dozen Trump projects around the globe. Hello and welcome to Trump Inc podcast from WNYC and propublica that digs deep into the secrets of the Trump family business. I'm Andrea Bernstein. I'm Heather Vogel. I'm a reporter at propublica and I met Creamer senior producer of Trump Inc today on the show, Heather and Meg are gonna take you deep into what happened in the Panama deal. They've spent months digging up court records and thousands of pages of documents, New York, Florida, and Panama. They spoken to people close to the deal to brokers regulators. Those false claims you heard of Trump making about sales at the Trump ocean club. They fit into a much bigger pattern. So what we found was that this is Heather, there appears to be a pattern of deception that is sort of threaded throughout Trump's real estate deals going back at least the last fourteen years when he was doing a lot of these licensing deals, some overseas, some at home. We kept seeing the same categories of misrepresent. Nations. This is Meg one is the, I'm the developer. I'm putting my own money in when he wasn't. This is something that we heard Trump himself saying in a number of deals. It's something at times that his developer partners would say or that marketing materials would imply. This happened not only in Panama, but in Florida and Mexico to this is important because it sends a misleading signal to investors that a project is so sound. The international billionaire Trump's are putting their own money in the other category that was very prominent was we're already x. percent sold. And that can be sort of a shorthand for the viability of a project, especially when that hasn't been built yet. So I was in Panama. We're now doing a great great project in Panama that selling like hotcakes the Trump ocean club in Panama posted this video when those units were not selling like hotcakes. This is important because units in building that's heavily sold are more valuable than if all the other units in your hallway are empty. This also happened in SoHo where the Trump's told buyers their hotel condo was sixty percents sold when it was actually fifteen percent sold. There are omissions to like in a project in Mexico where Ivanka Trump said she was buying a unit herself at that site in northern Baja and arguably Mexican. And I personally am very excited about it. I actually chose purchase a unit in the first tower. What she didn't say was that she had a special insiders deal. She wasn't taking on the same financial risk as regular buyers. And typically, these types of misrepresentations occur at a very key point for these deals, right win. The early sales were happening and things like construction financing, where predicated on their ability to kind of get people to commit to buy units once they're built, this sales are important in and of themselves and also because they're being used to get too much bigger pots of money like Bank financing. So it's important for the Trump's to say, things. Like they're buying in units are selling fast even before the buildings are built to convince lenders, hey, give us money. And then when things don't go so well, that developers go bankrupt or the deal collapses or can't get financing. Then all of a sudden it's, oh, no, no, no, no. The Trump's say we had nothing to do with that project. We were just the licensor as we just gave them our name. We didn't have anything to do with the really the mechanics of the deal. So they're tone really changes that project in Mexico or you Manca said she was buying unit. It was never built. It's not clear where the money went. The Trump organization now says it was never the developer. It designed the product in simply lent its name to the project and sorry for everyone. But we are in the same boat. We had to terminate our contract because our agreements weren't obligated either. This is from a two thousand nine interview with CBS about the Baja project. We're never the developer of this project and that was made clear. We never took anyone's deposit. We never had asked access to any of the escrow account. We lived up to our obligation under license agreement in that same interview Ivanka Trump. Says, other projects are going really, really well. The Trump organization has really never been stronger. I mean, we were at the top of an unprecedented growth cycle from a real estate development perspective. So the market is retreating and there's some markets that are retreating faster than others. With that said, we have projects all over the world that are incredibly successful that are under construction right now that have their financing secured and that are virtually sold out. So from Hawaii to Toronto to Istanbul, Toronto is we now know was never virtually sold out. Sales were never brisk in the failed project in Fort Lauderdale or tower in Las Vegas or a hotel condo in SoHo in lower Manhattan. Contrary to reports of healthy sales by Trump organization officials. Hawaii was fully reserved at one point. The Trump organization didn't respond to a long list of questions about these transactions. The White House didn't have a comment. You may have heard about a theme running through some of the Trump's deals over the years that the trumps have linked up with some shady people in other by John India, Panama. Our reporting shows. It's not just about who the Trump's worked with. It's about what they did. And yes, there are questions about whether what they did was illegal. We'll have more on that later. I started to look into more and more of these deals and what happened to them. And I was really surprised at how many of them failed in one way or another bankruptcy of foreclosure. Never finished construction, never started construction, and it just made me wonder, first of all, why would Trump keep doing this? And Secondly, why are people partnering with him if some of the deals that he tends to be getting involved in our going belly up? So you know that led me to this question of what is the engine at the heart of these deals. There must be something that Trump is getting out of it, and there must be something that the developers are getting out of it. That question is what brought Heather and Meg to Panama City. Technically,
"trump" Discussed on Trump, Inc.
"Would see is the decision the choice donald trump made to not divest from his sprawling business empire has resulted in a continual violation of the constitutions anti corruption clause in a he is choosing to continually violate the emoluments clause with you mentioned emoluments this is really interesting to me because this still fairly new to most of us vocabulary word emoluments mainly when we talk about it we're talking about like foreign governments spending money like at trump's dc hotel the old post office or something like that i am also aware that there are domestic emoluments which mainly i would think of as like a state government perhaps a conferring some benefit on the trump organization are you saying that like a commerce department employees or department of defense employees just staying at a trump hotel that also would qualify as an emolument and thus under the constitution be illegal i strongly believe that payments by federal agencies to the trump organization that then go into you know what is technically a revoke able trust but which is written so that trump may take the money out of it any time for any reason these definitely are profitable payments that are beyond the salary that trump is entitled to by congress and i should probably clarify the emoluments issue has actually never been decided by court before so i mean it really is a humongous question mark that we could start getting some answers to over the course of this administration yes and i think it's definitely important to mention that the reason that the mullion question has never been decided in court is because no prior president has opened themselves up to violating the emoluments clause i'm still trying to understand the potential motive that federal agency could have here right i could see why like a foreign country would want to curry favor with the president and therefore book you know their entire delegation to come and stay at trump's dc hotel and i can even see why a state governor may be with spend money at a trump property in order to get his attention and maybe hope to get you know money for roads and bridges or something like that down the line but what's in it for the commerce department or the department of defense why should they seek to curry favor with like the executive branch which they're already a part of i think that's approaching the issue of government spending a little bit sideways because while there might not be a quid pro quo where you go oh if i have a bunch of people from the state department spend money trump properties than i'm going to get this specific thing like a new bridge which is something they couldn't ask for you can go well i'm going to have a good relationship with this administration i'm going to find my own policies being more acceptable to the president being promoted by him i'm going to feel like i am more a part of the team and my agency is going to feel like it's more part of the team i think that the question more is is there any way to be involved in administration that is as deeply riddled with conflict of interests and not be a part of it surging bloom from property of the people and by the way property of the people is continuing to seek records for what maybe the most obvious government spending on trump properties us secret service expenses at maralago bedminster and trump tower.