'Good luck refinancing your debt': Trump biographer taunts former president over Mazars debacle
2 years, 11 months ago

'Good luck refinancing your debt': Trump biographer taunts former president over Mazars debacle

Raw Story  

Former President Donald Trump's company got dumped by accounting firm Mazars USA on Monday, and even went so far as to say that statements about Trump's financial condition ranging from the years 2011 through 2020 "should no longer be relied upon." "The immediate impact is Donald Trump has hundreds of millions of dollars from the business empire and good luck refinancing your debt when the accountants just walked out the door," he said. "That is going to give anybody else who would consider lending money to Donald Trump enormous pause. "I think people have to really pay attention to who Donald Trump is going to go begging for money as this progresses," said O'Brien.

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History of this topic

What a Trump presidency might mean for student loan forgiveness
2 months ago

What a Trump presidency might mean for student loan forgiveness

NPR  

What a Trump presidency might mean for student loan forgiveness toggle caption Moor Studio/Getty Images Millions of federal student loan borrowers are facing uncertainty — or, rather, even more uncertainty — after last week's presidential election. Biden's signature student loan repayment plan, the Saving on a Valuable Education Plan, slashed borrowers' monthly payments while also preventing interest from growing what …

'For sale sign around his neck': Trump accused of selling 'policy' for campaign cash
2 months, 2 weeks ago

'For sale sign around his neck': Trump accused of selling 'policy' for campaign cash

Raw Story  

If he's elected to a second term, former President Donald Trump may have the most blatantly transactional administration in modern history, according to new reporting. In their investigation, the Times' Shane Goldmacher, Maggie Haberman and Jonathan Swan found several areas in which the former president bent his own views to fit the preferences of wealthy donors he was courting. " …

Donald Trump deep in debt while foreign money keeps coming: disclosure
5 months ago

Donald Trump deep in debt while foreign money keeps coming: disclosure

Raw Story  

The finances of Republican nominee former President Donald Trump include gallons of red ink — particularly with the addition of recent legal judgments, according to a new presidential financial disclosure released Thursday. From Bibles to golf: Trump's assets Trump's public financial disclosure — a requirement for all presidential candidates — was released on Thursday after certification from an attorney for …

'Thoughts and prayers' extended to creditor behind Trump's $175M civil fraud bond
9 months, 2 weeks ago

'Thoughts and prayers' extended to creditor behind Trump's $175M civil fraud bond

Raw Story  

Former President Donald Trump paid his $175 million bond in the New York civil fraud case on Monday — preventing him from having sell off assets at least until his appeal works its way through the system. "The company that underwrote Trump's bond tonight in the NY Attorney General's civil fraud case, Knight Specialty Insurance Co., is owned by Don …

Donald Trump has posted a $175 million bond to avert asset seizure as he appeals NY fraud penalty
9 months, 2 weeks ago

Donald Trump has posted a $175 million bond to avert asset seizure as he appeals NY fraud penalty

Associated Press  

NEW YORK — Donald Trump posted a $175 million bond on Monday in his New York civil fraud case, halting collection of the more than $454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals, according to a court filing. Until the appeals court intervened to lower the required bond, New …

'Very interesting': Trump's biographer reveals financial 'warning sign' for ex-president
9 months, 3 weeks ago

'Very interesting': Trump's biographer reveals financial 'warning sign' for ex-president

Raw Story  

As part of his conversation with MSNBC on Thursday, Donald Trump's biographer noted that it has become clear that the national Republican Party could suffer the same problem as the Trump campaign when it comes to donors. Host Alicia Menendez noted that it will hurt down-ballot candidates, but Trump biographer Tim O'Brien explained that the ex-president has never cared much …

'Humorous': Trump's biographer says ex-president's new plan to play the victim won't work
9 months, 3 weeks ago

'Humorous': Trump's biographer says ex-president's new plan to play the victim won't work

Raw Story  

Donald Trump has until Monday to figure out his money woes after being issued a hefty fine for fraud in New York. "I think we should get kind of clear on the various time frames here, because it's not like he can just push a bankruptcy button," said Trump biographer Tim O'Brien. Something O'Brien said he finds "humorous" was included …

Ex-Trump Aide Says He’d Respond To Bankruptcy In 1 Whining Way: ‘I Can Hear It Now’
9 months, 3 weeks ago

Ex-Trump Aide Says He’d Respond To Bankruptcy In 1 Whining Way: ‘I Can Hear It Now’

Huff Post  

LOADING ERROR LOADING Former Trump White House press secretary Stephanie Grisham on Wednesday said she could envision Donald Trump declaring bankruptcy in a bid to stall the seizure of his assets as the former president struggles to meet the bond to appeal the $464 million damages he owes following his civil fraud trial. CNN’s “OutFront” anchor Erin Burnett noted how …

Anyone who loans Trump bond money will have to 'fight like hell' to get repaid: biographer
9 months, 3 weeks ago

Anyone who loans Trump bond money will have to 'fight like hell' to get repaid: biographer

Raw Story  

Trump has admitted it is all but impossible for him to obtain the $464 million bond necessary while he appeals the civil fraud judgment against him, opening up the possibility that New York Attorney General Letitia James could begin seizing his assets. On MSNBC Wednesday evening, anchor Joy Reid discussed the issue with award-winning Trump biographer David Cay Johnston, playing …

Trump facing 'nightmare' scenario as he races clock to raise a half billion dollars
10 months, 2 weeks ago

Trump facing 'nightmare' scenario as he races clock to raise a half billion dollars

Raw Story  

With the clock ticking and interest piling up by the day, Donald Trump faces a "nightmare" scenario where he has only about three weeks to come up with approximately a half billion dollars just to appeal a ruling from Judge Arthur Engoron that some legal experts claim he has no chance of winning. With the former president having to come …

Trump's 'desperation for cash' on full display after $100 million offer flops: biographer
10 months, 2 weeks ago

Trump's 'desperation for cash' on full display after $100 million offer flops: biographer

Raw Story  

According to investigative reporter and Donald Trump biographer David Cay Johnston, the former president's attempt to post an appeals bond that was not even one-fourth of the amount he needs to put up as he fights a $464 million judgment is more proof that he is not nearly as rich as he has claimed for years. According to the author …

Trump admits he'll have to sell buildings to come up with $450M in cash
10 months, 2 weeks ago

Trump admits he'll have to sell buildings to come up with $450M in cash

Raw Story  

Real estate mogul and former president Donald Trump admitted Wednesday he'd have to sell off properties to pay the $450 million he owes in damages after a ruling in his civil fraud trial. Trump filed a more than 1,790-page emergency motion to a New York appeals court requesting a stay on Judge Arthur Engoron's verdict which he said would cause …

Trump faces half a billion dollars of debt, several court cases; but that may not stop him from becoming US President again
10 months, 3 weeks ago

Trump faces half a billion dollars of debt, several court cases; but that may not stop him from becoming US President again

New Indian Express  

Emma Shortis, RMIT University The verdicts keep coming. On Friday, US time, the three-month hearing focused on Donald Trump’s business dealings in New York came to an end. In his judgement, New York Judge Arthur Engoron gave his own insight into the Trump phenomenon, describing what he saw as a “complete lack of contrition and remorse” that “borders on pathological.” …

'It finally caught up with him': Trump biographer says ex-president's 'antics' hurt him
10 months, 4 weeks ago

'It finally caught up with him': Trump biographer says ex-president's 'antics' hurt him

Raw Story  

Former President Donald Trump's massive civil judgment for fraud in New York is entirely of his own doing, biographer Tim O'Brien told MSNBC's Joy Reid on Friday evening. Judge Arthur Engoron issued the ruling in the case originally brought by state Attorney General Letitia James, who demonstrated that Trump and his two adult sons systematically lied about their property valuations …

Trump is a confidence man, charlatan and liar — so why is America so vulnerable?
1 year, 2 months ago

Trump is a confidence man, charlatan and liar — so why is America so vulnerable?

Raw Story  

When Dustin Thompson was hauled before US District Judge Reggie Walton for assaulting the Capitol police on January 6th, his defense lawyer, Samuel Shamansky, argued about Trump “You had, frankly, a gangster who was in power. That’s what happened.” The jury didn’t buy the argument and sent Thompson to prison, as US District Judge Reggie Walton, who was overseeing the …

Donald Trump is going back to court. Here’s what he’s missed since his last visit to NYC fraud trial
1 year, 2 months ago

Donald Trump is going back to court. Here’s what he’s missed since his last visit to NYC fraud trial

Associated Press  

NEW YORK — Donald Trump will be back in court Tuesday for his New York civil fraud trial, but a face-to-face showdown with former lawyer and fixer Michael Cohen will have to wait. FILE - New York attorney general Letitia James speaks to reporters as she returns to the courtroom after a lunch break in former President Donald Trump’s civil …

Donald Trump Jr. personally approved sketchy loan now being probed as Russian money laundering
1 year, 10 months ago

Donald Trump Jr. personally approved sketchy loan now being probed as Russian money laundering

Raw Story  

A pair of sketchy loans to Trump Media now under investigation for possible Russian money laundering were personally approved by Donald Trump Jr. Federal prosecutors in New York are scrutinizing two loans totaling $8 million from two Kremlin-linked entities, and company officials set aside their own concerns about the origins of the money because Donald Trump's eldest son had confirmed …

Future of Trump Tower less rosy with taxes up and revenue down: Forbes
2 years, 2 months ago

Future of Trump Tower less rosy with taxes up and revenue down: Forbes

Raw Story  

Former President Donald Trump has decamped to Mar-a-Lago in Florida to winter, but his 58-floor Fifth Avenue skyscraper in Manhattan is facing financial struggles, according to a new report. "At Trump Tower, he had to pay $11.8 million in property taxes last year—more than twice the amount he was paying a decade ago," Dan Alexander reported for Forbes magazine. "From …

Documents show where Trump is getting his loans now that large banks won't lend to him
2 years, 9 months ago

Documents show where Trump is getting his loans now that large banks won't lend to him

Raw Story  

Former President Donald Trump has faced a crisis in bank lending for his business operations. According to NBC News, Trump Tower was refinanced with a $100 million loan from Axos Financial, an obscure internet-only bank in San Diego and Las Vegas, financial documents from New York City's municipality revealed. READ: GOP unleashing 'anti-gay madness' with threats to anyone opposing their …

A fraud case against Trump? Not a slam dunk, experts say
2 years, 11 months ago

A fraud case against Trump? Not a slam dunk, experts say

Associated Press  

NEW YORK — For years, Donald Trump punctuated his reality TV spiels and presidential speeches with claims that his business and his many gold-plated properties were “huge,” “amazing,” the biggest and the best. One important question is whether any misrepresentations in the company’s financial statements “were intentional, knowing and intended to deceive,” said David S. Weinstein, a former federal prosecutor …

Trump's cash plea could complicate GOP fundraising efforts
3 years, 10 months ago

Trump's cash plea could complicate GOP fundraising efforts

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The Republican National Committee and the party's congressional campaign arms are eager to cash …

Trump’s cash plea could complicate GOP fundraising efforts
3 years, 10 months ago

Trump’s cash plea could complicate GOP fundraising efforts

Associated Press  

ORLANDO, Fla. — “Trump needs you,” one fundraising email implored. The Republican National Committee and the party’s congressional campaign arms are eager to cash in on Trump’s lure with small donors ahead of next year’s midterm elections, when the GOP hopes to regain control of at least one chamber of Congress. “There’s only one way to contribute to our efforts …

Trump needs 'a lot of cash quickly' before his assets are seized: NYT business analyst
3 years, 11 months ago

Trump needs 'a lot of cash quickly' before his assets are seized: NYT business analyst

Raw Story  

Appearing on MSNBC, New York Times financial investigative reporter Dean Enrich claimed Donald Trump is under the gun to come up with money quickly with some massive loans coming due soon and banks starting to look at seizing his assets. Enrich, who wrote "Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction," said the ex-president is facing …

What next for Donald Trump? Honestly, bankruptcy could be looming
3 years, 11 months ago

What next for Donald Trump? Honestly, bankruptcy could be looming

The Independent  

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. He may also face a premium …

Trump Organization in crisis as his banks shun him -- and his brand may never recover: report
4 years ago

Trump Organization in crisis as his banks shun him -- and his brand may never recover: report

Raw Story  

President Donald Trump is facing a business crisis only nine days before he returns to the private sector. The mob attack on Congress last week by Mr. Trump's supporters has spurred a reckoning for the Trump Organization by businesses and institutions, at a scale far greater than his previous polarizing actions," The New York Times reported Monday. Other companies linked …

Donald Trump’s money faucet is getting turned off
4 years ago

Donald Trump’s money faucet is getting turned off

CNN  

New York CNN Business — A growing number of businesses suddenly want very little to do with Donald Trump after he incited a mob to attack the Capitol. The Trump Organization owes Deutsche Bank approximately $340 million in the coming years, the person familiar with the bank’s thinking said. The US bank also said it “will not do business in …

Trump facing devastating debt load? Experts say not so fast
4 years, 3 months ago

Trump facing devastating debt load? Experts say not so fast

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The Times said Trump’s real estate company has $421 …

Trump’s tax manoeuvres do not change his billionaire status
4 years, 3 months ago

Trump’s tax manoeuvres do not change his billionaire status

Al Jazeera  

A New York Times story based on Donald Trump’s long-sought-after tax data shows he avoided paying income taxes for most of the past two decades and paid only $750 the year he was elected president. Trump’s office properties include commercial spaces at Trump Tower, a leasehold on 40 Wall Street in downtown Manhattan and a 30% interest in two office …

Donald Trump's tax records show he's carrying $421million in loans and debt
4 years, 3 months ago

Donald Trump's tax records show he's carrying $421million in loans and debt

Daily Mail  

Donald Trump's tax records show he is carrying a total of $421 million in loans and debt with a number of his properties said to be struggling financially. In a Sunday report, dismissed by the president as 'fake news,' The New York Times said most of that debt comes from the Doral golf resort in Florida - $125 million - …

8 Times Donald Trump Claimed He Was A Self-Made Man
6 years, 3 months ago

8 Times Donald Trump Claimed He Was A Self-Made Man

Huff Post  

Donald Trump has, for decades, attempted to portray himself as a self-made, up-by-your-bootstraps entrepreneur who benefited little from his father’s fortune, relying on his own gumption and wiles to overcome financial challenges. Trump has said that loan totaled $1 million, but the NYT found he received nearly $61 million https://t.co/IzK3E0rLJg pic.twitter.com/BYSlJaTvXX — CBS Evening News October 3, 2018 “My father …

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