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'Impossible to see how Trump survives financially' as criminal trials begin: lawyer

During an appearance on MSNBC's "The Katie Phang Show," former federal prosecutor Glenn Kirschner stated that as bad as Friday was for Donald Trump, in light of being fined upwards of $450 million for financial fraud in a Manhattan courtroom, things are about to get much, much worse.

Noting the millions the former president has been ordered to pay New York writer E. Jean Carroll from two different civil suits, Kirschner pointed to the Trump hush money trial in March and multiple other criminal trials in Trump's future.

"Let's start with the ruling from Justice Arthur Engoron, what are your two top line takeaways?" host Phang asked.

"Well, Katie, among the top line takeaways is, I think we have to look at the trajectory that Donald Trump's civil trials have been on," he replied. "He started by losing a $5 million judgment, then he lost an $83 million judgment. Now he's lost more than $450 million judgment and, as you say, he is barred from doing business in New York for a number of years."

"Here is the thing," he elaborated. "As bad as all of that is, Lady Justice is just getting warmed up because next up for Donald Trump is his first criminal trial, then he has four criminal trials stacked up."

ALSO READ: Alina Habba is persona non grata at her Pennsylvania law school

"It is impossible to see how he survives politically, how he survives financially and I think you know all of this is just Donald Trump slowly being taken out of the system for the civil fraud, the civil wrongs, and the crimes he has alleged to have committed."

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Trump thinks he can cash in on Engoron fraud ruling: ex-Trump Org exec

Speaking with MSNBC host Ali Velshi on Saturday morning, former Trump executive vice president Barbara Res claimed she was not surprised Donald Trump's financial antics caught up with him in Judge Arthur Engoron's courtroom leading to a monumental judgment that could top $450 million.

According to Res, Trump knew what he was doing when he committed financial fraud, but had been brought up to never admit when he was wrong and he is likely already trying to figure out how to cash in on the latest notorious chapter of his life.

"Last year, you said to CNN, you thought that Donald Trump was enjoying this process. Do you think he still is?" hoist Velshi asked.

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"I don't think he likes getting buffeted around and things being said about him that are so awful, such as what was in the ruling" she told the host. "But I think that he is okay with it to the extent that he can spin it. And he has already started that."

"I think it's hard, he believes, one, he's gonna get away with it. And two, he thinks that he can make money off of this somehow— get more fundraising, more people to feel sorry for him. 'Oh my god, look what they're doing to Trump. He must be president, let's give him some money.'"

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'Listen to this gem': MSNBC panel pounces on Trump's latest defense of mental decline

Taking time out from discussing Donald Trump's financial woes, the hosts of MSNBC's "The Weekend" jumped all over the former president for his latest rambling attempt to explain his continuous mistaking of former South Carolina Gov. Nikki Haley (R) with Rep. Nancy Pelosi (D-CA)

After spending the morning talking about Judge Arthur Engoron fining the former president and his Trump Organization for financial fraud that could add up to $450 million with interest added, co-host Michael Steele changed the subject back to Trump's apparent mental deterioration.

Introducing a clip of Trump at a South Carolina rally, Steele began, "If Donald Trump is about anything it is about revisionism, especially when it comes to his lack of mental acuity. I want to play for you Trump, on Wednesday, talking about the purported mix-up between Nikki Haley and Pelosi. Let's take a listen to this gem."

After the panel watched Trump tell the crowd, "When I say that Obama is the president of our country, they say, 'He doesn't know! It's Biden. He doesn't know!' So it's very hard to be sarcastic. When I interpose, cuz I am not a Nikki fan, I am not a Pelosi fan, when I purposefully interpose names they said, 'He didn't know Pelosi from Nikki! From tricky Nikki, tricky dicky. 'He didn't know,' I interposed, they make a big deal out of it," the entire panel began laughing.

ALSO READ: How Donald Trump is spreading a dangerous mental illness to his supporters

A laughing Steele added, "So, Alexi [McCammond], we're the slow ones. We should just have known, oh, — ," as co-host Symone Sanders-Townsend interrupted and added, "He's up here, we're down here."

McCammond joked, "It was sarcasm, you guys. Duh."

"This is where we find ourselves," Steele offered. "We look at things objectively here what the man says, and he comes back and tells us, 'No. that's not what you heard. This is what I heard, this is what I said, this is what I meant.'"

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Letitia James handcuffed Trump's ability to bail himself out after fraud fine: expert

Now that Donald Trump has been saddled by Judge Arthur Engoron with a massive financial fraud penalty that could cost him upwards of $450 million, MSNBC legal analyst Lisa Rubin pointed out that the former president has limited options on where to turn for money.

Appearing on MSNBC's "The Weekend," Rubin noted that New York Attorney General Letitia James was playing the long game when she asked Engoron to place tight financial restrictions on Trump and the Trump Organization.

"About two months after Letitia James first filed her complaint, she asked for relief, saying that she had enough evidence to show even at that early stage that he [Trump] should be prevented from doing a number of things with his assets," she explained. "Those things include, after the appointment of the independent monitor, he cannot wholesale transfer or sell any of his significant assets without notice to the independent monitor, nor can he restructure or refinance his businesses either."

After noting the former president was able to service the judgment against him in the Trump University case Rubin stated that is not available to him this time due to the injunction James requested much earlier in the case.

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"He can't do that here and the reason is because this order, in addition to the preliminary injunction saying you can't refinance, you can restructure without advance notice, this sort of goes even further," she told the hosts. " It says you can't borrow money from a New York registered or chartered bank, period, for what I believe is at least a three-year period of time."

"That means in order to satisfy these judgments, Donald Trump has to, I think, rely on his own asset base," Rubin elaborated. "And, yet he has an independent monitor who's going to be on top of him every step of the way, as well as a new independent director of compliance, who's going to be scouring the books and making sure that what happens at the Trump organization is on the up and up to use a legal term."

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Trump’s brand is now 'synonymous with fraud and failure' after $450M judgment: columnist

Former President Donald Trump's business empire was dealt a severe blow by New York Judge Arthur Engoron on Friday, and one longtime Democratic strategist is arguing that the nine-figure judgment is a lasting stain on Trump's image as a savvy business magnate.

In a Saturday column for the Guardian, Sidney Blumenthal — who was a senior adviser to former President Bill Clinton — wrote that despite his father, Fred, trusting him with both his sizable real estate portfolio and the family's name, Trump has been "steering the family legacy on to the rocks."

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Cash-strapped Trump facing asset buyers prepped to take advantage of him: expert

Following the massive financial fraud penalty Judge Arthur Engoron assessed on Donald Trump on Friday, the former president will likely have to sell off some of his assets and, with the clocking ticking and interest on the potential $450 million owed piling up, possible buyers will have Trump over a barrel.

Speaking with MSNBC host Ali Velhsi on the Saturday morning after the Friday bombshell multi-million dollar financial fraud ruling, Donald Trump biographer Tim O'Brien stated the market for the former president's properties is already down in a post-Covid economy. Add to that, he noted, potential buyers know he badly needs the money.

Telling the MSNBC host Trump is "...going to have to sell some things," O'Brien explained what the former president will likely part with won't bring in what he hopes to get.

"If he sells urban skyscrapers in post-Covid cities where the occupancy rates are low, tenants have been fleeing and the values have been degraded because of it, it is going to be something of a fire sale," he explained to the host.

"You know, other developers are going to know he needs to sell, he won't get top price," he continued. "He's also always loathed to part with his toys and I think that's also going to be stressful."

ALSO READ: 11 ways Trump doesn't become president

"I don't see him having any end-around," he added. "I don't think his appeal will be successful. I could be proven wrong, but Tish James, the New York State Attorney General, came at him under statutes -- they give the attorney general a lot of prosecutorial deference; the court system in New York has always respected that."

"And, again, as you noted in the tweet you showed at the top of our segment, he can't help himself but continue to go after the rule of law and try to degrade American's faith in a system of laws," he remarked. "The judges don't take kindly to that, prosecutors don't take kindly to that. It hurt him in court in the E. Jean Carroll case when he went after the judge. It hurt him in this court when he went after Engoron and he continues to do it to his own detriment."

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Judge rejects attempts to toss indictments against Texas AG Ken Paxton

HOUSTON — Texas Attorney General Ken Paxton remains on track to be tried for felony fraud this spring after the presiding judge shot down his attempts to have the charges thrown out.

During a Friday court hearing in Houston, Harris County District Court Judge Andrea Beall rejected Paxton’s arguments that his right to a speedy trial had been violated.

Beall’s decision means that, barring another unexpected delay, Paxton’s securities fraud trial will kick off on April 15. The proceedings are much anticipated; the attorney has been under active indictment for nearly nine years. He has pleaded not guilty.

Special prosecutor Brian Wice applauded Beall’s decision and said Paxton was the reason these cases have not yet gone to trial.

“We think that the general’s fingerprints, footprints and DNA were all over the delays,” said Wice, a private criminal defense lawyer brought on to represent the state after the local district attorney recused himself.

During the hearing, Paxton’s defense attorney Dan Cogdell blamed the prosecutors for much of the delay. He said their attempts to be paid — which have been unsuccessful since 2016 — put off the trial for years.

“That’s what this food fight has been all about,” Cogdell said. “This case has been pending longer than three out of four of my marriages lasted.”

Other factors that led to the delay included the prosecution’s successful motions to move the case from Collin to Harris County, Hurricane Harvey and COVID-19.

Paxton, donned in a blue suit and pink socks, sat quietly through the hearing.

He is accused of enticing investors in a McKinney-based technology firm without disclosing he had received company stock, and for steering clients to a friend’s investment advising business without registering with the state. Paxton faces two first-degree felony securities fraud charges, which each carry five to 99 years in prison, and one third-degree felony.

The securities fraud indictments, which came just months into his first term as attorney general, have dogged Paxton for years. The cases have been repeatedly delayed as the sides fought over how much the prosecutors should be paid, what judge should preside and where the trial should be held.

Paxton has also encountered other corruption allegations. In addition to these fraud indictments, he was impeached last year for allegedly swapping political favors with a campaign donor but beat the charges. His agency still faces a whistleblower lawsuit brought by the individuals whose allegations prompted his impeachment, and Paxton is also being sued over his role challenging the 2020 presidential election results.

Paxton’s legal troubles, however, have not slowed his political rise.

Hitching his star to Donald Trump, Paxton has become one of the most recognizable state attorneys general in the country known for fighting against abortion access and LGBTQ rights and for tougher border security and immigration policies.

At times, Friday’s hearing devolved into a personal battle between Cogdell and Wice, who have been friends for decades.

Wice shamed Cogdell for “clapping back” at the prosecution and accusing them of seeking their “30 pieces of silver.” Cogdell said the prosecution’s expensive cars show they needn't worry about their next payday, saying Wice drives a Mercedes and co-prosecutor Kent Schaffer a Rolls Royce.

“It’s a Bentley,” Schaffer quipped back.

Wice rejected Cogdell’s arguments that they were responsible for the delays and said Paxton has been “living [his] best life” since he was indicted. Paxton has been re-elected two times since 2015 and has also amassed more than $6 million in out-of-state properties, Wice said, an apparent reference to reporting from The Wall Street Journal and The Texas Newsroom.

In a surprise move Friday, Schaffer left the prosecution. He told The Texas Newsroom that he and Wice disagreed with whether Paxton should face a jury at all.

Schaffer added he and Cogdell came to an agreement on Thursday that Paxton would face no prison time or fines, and that the charges would be dropped in exchange for Paxton agreeing to a period of supervision.

But Wice objected, Schaffer said, insisting the case go to trial.

“It was a win-win for the state. It was a win-win for [Paxton],” Schaffer said.

Schaffer said rather than being paid, he has shelled out about $150,000 in his own money “for the pleasure” of prosecuting Paxton. With 18 other paying clients in the hopper, and his disagreement with Wice, Schaffer said it was time to leave.

Cogdell confirmed he and Schaffer had a deal “in principle” that Wice scuttled.

“[Wice] likes the sound of his name in the media, this coming from me,” Cogdell told The Texas Newsroom. “He has always been very, very invested in this case.”

Schaffer was replaced with Houston-based attorney Jed Silverman.

Speaking to the media after the hearing, Wice said Silverman was ready to take on the challenge and said letting Paxton avoid a trial now would be unconscionable.

"To me, that was worse than a slap on the wrist. That was, 'gee, let's get you a cocktail, a hot meal and a breath mint.' And that wasn't going to happen on my watch,” Wice said.

Cogdell objected to the replacement in court, saying Wice didn’t have the authority to bring Silverman on. He also took issue with the fact that Silverman recently presented an award to Wice for his legal work.

Judge Beall rejected this concern, noting it would bar Silverman from being a juror on the case but not a prosecutor. It is unclear whether Paxton’s team will formally object to Silverman’s appointment.

The parties will hold another hearing on March 20 to hash out any last-minute pre-trial issues.

After the hearing, Cogdell said Paxton is ready to face a jury.

"He's excited that we'll get to trial," he said. "If they wanna dance, put on your shoes. Let's dance."

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Court strikes down Florida's 'end run around the Endangered Species act'

A federal court ruling will restore "essential guardrails provided by the Endangered Species Act," said one wildlife advocacy group on Thursday, as the court found that under former Republican President Donald Trump, federal agencies broke the law when they allowed Florida's right-wing government to take over wetlands permitting.

The U.S. District Court for the District of Columbia found that the Environmental Protection Agency (EPA) and the U.S. Fish and Wildlife Service (FWS) "made an end run around the Endangered Species Act," said the Center for Biological Diversity (CBD) when they greenlighted Florida Gov. Ron DeSantis' proposal to allow the state to fast-track construction permits for projects on wetlands.

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Trump and sons could be headed for IRS trouble after massive fraud ruling: ex-prosecutor

Appearing on MSNBC on the morning after Donald Trump, his two sons and the Trump Organization were slammed by Judge Arthur Engoron with a financial fraud penalty that could exceed $450 million, one ex-prosecutor suggested the IRS and the DOJ could be waiting in the wings.

Speaking with host Ali Velshi, legal analyst Catherine Christian acknowledged that New York Attorney General Letitia James had indicated she would be passing on some of her findings that led to the former president's conviction to the Department of Justice.

She added that Trump and his sons, Donald Jr. and Eric may also be hearing from the IRS.

"What is the potential culpability beyond this trial? Is there something beyond this for Donald Trump?" host Velshi asked.

"If now the federal government, the Southern District of New York sort of passed on this publicly, but that does not mean that they can't, as long as it's within the statute of limitations take another look," she replied.

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"And clearly, the federal government, the Internal Revenue Service, they sort of never stop looking at you, and so yes, the AG's office referred to it to other authorities, and it could be possible that each of the defendants, not just Donald Trump, his sons, [Allen] Weisselberg could be in legal jeopardy, even criminal jeopardy."

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Self-policing by Tech giants 'not enough' to combat election deepfakes: critics

Advocates responded with deep skepticism on Friday after 20 major tech companies—including Microsoft, Google, Meta, and OpenAI—signed an accord pledging to combat the proliferation of AI-generated deepfakes during elections across the globe this year.

"The intentional and undisclosed generation and distribution of Deceptive AI Election content can deceive the public
in ways that jeopardize the integrity of electoral processes," the accord reads, defining such content as "convincing AI-generated audio, video, and images that deceptively fake or alter the appearance, voice, or actions of political candidates, election officials, and other key stakeholders in a democratic election, or that provide false information to voters about when, where, and how they can lawfully vote."

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‘But he’s qualified to be president?’: Trump fraud revelations stun experts

Legal experts are stunned by many of the revelations in Friday's 92-page New York civil fraud trial ruling fining Donald Trump and his executives $364 million, and barring him from running a business in New York for three years.

Some are pointing to portions of the actual ruling, while others are expressing shock at the magnitude of the judgment and its implications for not only the former president and his real estate empire but for the future of the nation.

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Jokesters spread Trump Tower rumors after $355 million fraud ruling

Trump's legal defeats tallying nearly $500 million may break the bank and they're certainly inspiring jokes.

On the day that Judge Arthur Engoron ruled that former President Donald Trump must pay $355 million for years of committing widespread fraud by inflating his assets to secure attractive loans and deals — some sought levity and manufactured slanted composites to mock his eponymous 58-story Midtown Manhattan Trump Tower.

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Mary Trump had an 'emotional day' after her uncle was brought 'to his knees' by judgment

Donald Trump on Friday was hit with a massive financial penalty for his fraudulent activity in New York, but the money wasn't the only thing that was on the mind of his niece, Mary Trump.

Mary, who has been critical of her ex-president uncle in the past, wrote about how she felt following Judge Engoron's order that Donald Trump pay hundreds of millions of dollars and refrain from business in the state of New York for three years.

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