Saturday, June 29, 2024

Consequences

Trump, at that time, brushed off the importance of that review, noting through a spokesman that he is "not the holder of any liquor license in New Jersey, and he is not an officer or director of any entity that holds a liquor license in New Jersey — or anywhere in the United States for that matter." 
But on Friday, New Jersey officials found otherwise. 
"A review by ABC indicates that Mr. Trump maintains a direct beneficial interest in the three liquor licenses through the receipt of revenues and profits from them, as the sole beneficiary of the Donald J. Trump Revocable Trust," the AG's spokesperson said. 
Crimes of "moral turpitude" 
Under state liquor law, a license may be pulled if anyone who either owns — or financially benefits from — the license is convicted of a crime of "moral turpitude." 
The licenses for Trump's New Jersey clubs were at risk under both criteria, given his underlying financial interest in the clubs and his new criminal record, experts told Business Insider. 
Trump, by his own sworn testimony, is the sole financial beneficiary of the Donald J. Trump Revocable Trust, the umbrella entity that owns all of the Trump Organization, including the three LLCs that hold the clubs' liquor licenses. 
Trump was the sole trustee for a few months after leaving the White House, but then hopped back out in July 2021, leaving his eldest son as sole trustee as his criminal and civil investigations in New York, Georgia, Washington, DC and Florida intensified. 
Still, as he testified at his New York civil fraud trial in October that he Trump remained the "sole beneficiary" of the trust and its assets. That means as his liquor licenses prosper, so prospers Trump, in contrast with everyone else at Trump Org, who is just on salary.
Whether or not Trump loses his liberty, he’s going to lose now. I’d be interested to know what the laws are in Florida, because I don’t think NJ is unique in this.
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