I’ll see you in court

Trump didn’t like the election results. After 62 lawsuits, not one single vote changed. But, this was pure Trump. A barrage of lawsuits. Now the tables have turned, and he’s the one in the firing range, without much to fire back.

Welcome to New York City, Mr. Trump. There is no hometown advantage here. This is where he was sued for fraud in the Trump University ($25 million) and Trump charities ($3 million).

There are a lot of cases chasing Donald Trump, but I’m keeping my eye on the Manhattan District Attorney Cyrus Vance case, because it is a criminal case, and has a good chance of finally going forward after 3 years. It began in 2018, when Trump could claim protection to his records as president. And yes, it is all about defrauding the government on taxes.

Vance has the treasure trove of the Trump’s organization tax records, courtesy of a Supreme Court ruling. Michael Cohen, Trump’s all important fixer, is helping him. Be careful of the enemies you make when you are going up, they may be the same ones you see going down. The focus with the Vance case is the legitimacy of a 46 million dollar tax break in real estate transactions. See Washington Post article for details.

A second case is spearheaded by New York Attorney General Letitia James, and yes, more real estate transaction. But this one is a civil suit, so I think it could be settled out of court. Again, the Washington Post has the details.

Now, in reference to these cases, remember those that know, don’t talk, and those that talk don’t know. Or they speculate. Vance and James can’t share tax information.

Trump can pay some of the legal fees from his PAC money, reported as “over 31 million dollars.” Sorry, these are unbelievable suckers to think “Saving America” and bailing out a billionaire with tax fraud problems are some how compatible.

If successful, Michael Cohen will likely be pleased. Likely he learned from his former boss – Revenge is sweet.

Stay tuned,

Dave

Links:

Washington Post, Lawsuits against Trump

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