The failed case against Trump

 Andrea Widburg:

At least one criminal case that Democrat activists filed against Trump may be ending with a whimper. You may recall that there's a criminal fraud case against Trump in Manhattan. To the New York Times' manifest despair, it seems that there is no evidence of an actual crime. Things are so bad that two of the lead prosecutors on the case quit when the district attorney expressed serious doubt in the case.

In 2018, Cyrus Vance, Jr., Manhattan's then–district attorney, charged the Trump Organization and its chief financial officer, Allen Weisselberg, with tax fraud allegedly related to overvaluing properties to obtain bank loans. From the outside looking in, it was obviously a fallacious charge. After all, any marginally competent bank conducts its own property valuation before issuing loans.

Nevertheless, Vance pushed hard, going so far as to get a ruling from the Supreme Court allowing the district attorney's office to get Trump's tax returns. From Trump's point of view, that was probably the nadir of the case.

It turns out that, from the D.A.'s point of view, that order may have been the case's high point. Things have gotten so bad that Alvin Bragg, the new district attorney and a hard leftist, was heard to say "he had doubts about moving forward with a case against Mr. Trump." That language comes from a New York Times article informing readers that, because of Bragg's vote of no confidence in the case, two prosecutors — Carey R. Dunne and Mark F. Pomerantz — resigned from their jobs.

I know that schadenfreude — that is, rejoicing in the unhappiness of others — is an ugly thing, but I couldn't help myself as I read the article. It took four reporters to write an essay that oozes despair in every sentence.

There's the stalled investigation: "Without Mr. Bragg's commitment to move forward, the prosecutors late last month postponed a plan to question at least one witness before the grand jury, one of the people said." The fact that the grand jury process has halted is a problem because this grand jury term ends in April. It turns out that prosecutors don't like to reconvene new grand juries for old cases in case witness testimony changes. Too bad, so sad.

My favorite part of the article comes when the four authors admit that they have no idea why Bragg lost faith in the case. However, they concede that "prosecutors had encountered a number of challenges" when it came to giving Trump the equivalent of a colonoscopy by criminal legal process. Why was this particular procedure coming up with nothing? "Notably, they had thus far been unable to persuade any Trump Organization executives to cooperate and turn on Mr. Trump."

Maybe that's because there was nothing to turn on Mr. Trump about. After all, Trump is the most investigated man in America, and those conducting these investigations are all deeply, almost religiously, hostile to Trump. Yet he keeps coming out of these witch hunts as clean as a whistle.

The reporters are doubly disappointed because the tea leaves seemed so favorable for finally catching Trump in wrongdoing. The investigation, they say, "had recently intensified." Vance was questioning witnesses. Times reporters hanging around the courthouse saw two witnesses (Trump's longtime accountant and a real estate industry expert) go in and stay "inside for hours." It doesn't seem to have occurred to these disappointed reporters that the testimony from those two witnesses might have been what convinced Bragg that this case was a probable loser.
...

As an attorney, I investigated several fraud cases.  While they can be complicated and convoluted they do require that the victim lose money and to my knowledge, there is no evidence that banks were defrauded by the Trump organization.  

I have also done due diligence work for lenders and they require a lot of documentation as to the value of the property and comparable properties. When banks are lending millions the bankers and their own attorneys also investigate the value of the collateral and the creditworthiness of the borrower.  The risk to the lender is usually that the market will crater and the property will become worth less as a result.

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t
Read more

Bin Laden's concern about Zarqawi's remains

James Robbins: ... Bin Laden suggests that President Bush should allow Zarqawi’s body to be returned to his family in Jordan, but this is a matter that is up to the Jordanian government, which so far has not shown much interest in facilitating a homecoming. Bin Laden mocks King Abdullah II, calling him a Coalition minion, and asking “w hat scares you about Abu Musab after he’s dead? You know that his funeral, if allowed to happen, would be a huge funeral showing the extent of sympathy with the mujahedin.” A large crowd would definitely turn out, though most people would be on hand to demonstrate their anger and disgust. Last November’s hotel bombings in Amman , masterminded by Zarqawi, are still fresh in people’s memory, and mentioning them to Jordanians has the same visceral impact as memory of the 9/11 attacks does here. Jordan has adopted a zero-tolerance policy towards those who choose to mourn the country’s least favorite son, and four opposition members of parliament who paid con
Read more