Friday, January 26, 2024

Nobody Could Have Foreseen

"'I have identified certain deficiencies in the financial information that I have reviewed, including disclosures that are either incomplete, present results inconsistently, and/or contain errors,' former federal judge Barbara Jones, tasked with scrutinizing the former president's business empire, wrote in a 12-page letter," reported Adam Klasfeld. "Though she described Trump and his businesses as 'cooperative' with her investigation, Jones added that 'information required to be submitted to me pursuant to the terms of the monitorship order and review protocol has, at times, been lacking in completeness and timeliness.'" 
"Jones, who also served as a monitor in Rudy Giuliani and Michael Cohen's criminal investigations, said that the Trump Organization has 'implemented changes' under her monitorship, but it needs to shape up even more," the report continued, quoting her as saying. "Absent steps to address the items above, my observations suggest misstatements and errors may continue to occur, which could result in incorrect or inaccurate reporting of financial information to third parties."
One recalls that Judge Engoron heard enough evidence of fraud that he entered a summary judgment on it, a judgment upheld by the Appellate Division. The above description sounds like what the Judge probably found. So does this:
He claims Trump tried to tell the world he paid cash for Mar-a-Lago, his 126-room, 62,500-square-foot Palm Beach, Florida mansion and club. 
"When Donald, to give you a good example, bought Mar-a-Lago, he told everybody he paid cash for it," he said. 
Johnston noted that isn't true. 
"I have in my home the letter from Chase Bank promising to never reveal he took out a mortgage for 120% of the purchase price."
If Johnston is right, the court may not need to fight over whether or not MAL is protected by Florida’s homestead exemption. The bank might just have to foreclose on it
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