Investigation shows how Trump family lies to investors, walks away with all their cash
A massive new investigation by Pro Publica reveals President Donald Trump and his children engage in systematic deceit to lure investors to its building projects — and then still walks away with fistfuls of cash even when the projects collapse.
One particularly illustrative example of the Trump family’s business practices is the Trump Ocean Club Panama, which formally evicted the Trump Organization earlier this year and ripped Trump’s name off its sign.
For starters, Pro Publica notes, Ivanka Trump pitched investors on the project by blatantly lying about the number of units that had already been sold. In fact, Ivanka even claimed to have personally sold 40 units herself, although it was unlikely that she had even sold one.
She also told a journalist at one point that 90 percent of the units in the building had already been sold — even though this wasn’t even close to being true.
“Not only were the Panama sales figures inflated, but many ‘purchases’ turned out to be an illusion,” Pro Publica write. “Given that the ‘buyers’ were often shadowy shell companies or other paper entities, it was nearly impossible to discern who the actual purchasers were, let alone why they backed out.”
Even more damning is the way that the family managed to make millions on the Panama project even after it failed. According to Pro Publica, the Trumps often claim to not be deeply involved in many deals such as the Panama hotel, as they claim that they only engage in licensing agreements in which they have little control over how their projects are carried out.
It turns out, however, that the Trump family has deep involvement in these kinds of projects, which is how they manage to make money off them even when they go belly up.
“Trump licensed his name for an initial fee of $1 million… but that was just the beginning of the revenue streams, a lengthy and varied assortment that granted him a piece of everything from sales of apartment units to a cut of minibar sales, and was notable for the myriad ways in which both success and failure triggered payments to him,” the publication writes. “Consider the final accounting: In the wake of the project’s bankruptcy, a 50 percent default rate and his company’s expulsion from managing the hotel, Donald Trump walked away with between $30 million and $55 million.”
Trump says not his fault when GOP loses House in November
President Donald Trump has been hitting the road campaigning for the midterms. However, in an AP interview, Trump said he would not take responsibility if the GOP loses the House.
Trump said he believes he is helping his party.
“I don’t believe anybody has ever had this kind of impact,” the president said. Yet, when it comes to the results, he absolves himself from any responsibility.
He suggested that Republicans will “do well” but mentioned that voters won’t show up because he is not on the ballot. During his rallies, Trump has said that a vote for Republicans is a vote for him, but the message doesn’t seem to be having an impact with his supporters.
Trump has also followed the campaign recommendations by former White House aide Steve Bannon, who urged the president and the GOP to forget about female voters because they’ll never win them anyway.
If Democrats win the House they could initiate investigations or the impeachment process. Even still, Trump said he would “handle it very well.”
Democrats are currently ahead in the generic ballot against Republicans, but several individual House races show Republicans, even in red states, are falling short.
That’s Trump doing what he does best: Avoiding responsibility for his actions.
Trump candidate says cops are “thug criminals” because cops support his opponent
The political newcomer nominated by Republicans for an open congressional seat was revealed to have a past completely different than what President Donald Trump claimed when he flew to Topeka earlier this month to campaign, McClatchy DC reported Monday.
On October 6, President Donald Trump flew to Topeka to campaign for Sunflower State Republicans, including congressional nominee Steve Watkins.
During a feisty campaign speech, Trump claimed, “Republicans stand proudly with the brave men and women of ICE, border patrol, and law enforcement.”
“And we need law enforcement … these are great people,” Trump argued. “A vote for Republicans is a vote … to respect our borders, respect our constitution, and respect the heroes of law enforcement, and that’s what they are. They’re our heroes.”
But McClatchy DC found old Facebook interactions by Watkins, the GOP nominee in the state’s 2nd Congressional District, disparaging law enforcement.
One post Watkins liked called two law enforcement officers “thug criminals” while offering no pity that “their world is about to come down around them.”
Another referred to police officers as “racist.”
Watkins is facing Democrat Paul Davis in the November election.
The Fraternal Order of Police (FOP) is the largest law enforcement organization in Kansas, with 3,400 members.
“We’ve known Paul for years, and we are proud to support his campaign for Congress,” said FOP President Blaine Dryden. “Paul has always supported the priorities of Kansas law enforcement. We trust him to advocate for policies that protect our communities and to fight for the resources our officers need to do their jobs.”
“Paul Davis knows Kansas, and he has an exemplary record of supporting public safety,” said Cherokee County Sheriff and past Kansas Sheriff of the Year Paul Groves. “I know we can count him to keep Kansas safe as a member of Congress.”
When Trump introduced Watkins at the Topeka rally, he referred to him as a “terrific Republican candidate” and added, “I need him in Washington.”
Meanwhile, there’s this: