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NYT Obtained 10 Years of Trump’s Tax Returns — Which Document Potential Fraud and Exactly How Awful He Is With Money

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President Donald Trump’s ongoing efforts to keep his finances from undergoing public scrutiny continued to fail on Tuesday as The New York Times published a bombshell report based on his tax returns.

“The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade,” the newspaper noted. “In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer, The Times found when it compared his results with detailed information the I.R.S. compiles on an annual sampling of high-income earners. His core business losses in 1990 and 1991 — more than $250 million each year — were more than double those of the nearest taxpayers in the I.R.S. information for those years.”

Trump avoided paying taxes for eight of the ten years because of how much money he lost on business.

The story includes the subheads, “The Art of Losing Money” and “A Vulture’s Appetite.”

“Every year from 1985 through 1994, Donald J. Trump reported a negative adjusted gross income on his tax returns. That number grew as new losses were combined with those from prior years,” the newspaper noted. “The 10-year total: $1.17 billion in losses.”

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Harvey Weinstein Guilty of Sexual Assault Including Rape

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Harvey Weinstein has been found guilty of two counts sexual assault and not guilty of sexual predation by a jury in New York. He was found guilty on one count of rape and not guilty on another. Allegations made by two women are the foundation of the case. More than 100 women have accused Weinstein of various acts of sexual misconduct, including rape.

“The jury in New York convicted Weinstein, 67, of third-degree rape against former aspiring actress Jessica Mann, as well as a count of criminal sexual act in the first-degree against former production assistant Mimi Haley,” NBC News reports. “But the jury found him not guilty on the two most serious counts, predatory sexual assault, as well as a count of first-degree rape against Mann.”

Weinstein could “go straight to jail,” former federal prosecutor and MSNBC legal analyst Cynthia Alksne said.

On Friday the jury said they were unanimous on some of the five charges but deadlocked on others. The judge asked them to continue deliberating, which they did Monday morning, quickly reaching a conclusion after five days.

UPDATE: 12:30 PM ET –
Judge has remanded Weinstein into custody without bail.

 

This is a breaking news and developing story. Details may change. This story will be updated, and NCRM will likely publish follow-up stories on this news. Stay tuned and refresh for updates.

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Federal Officials Tell Bernie Sanders Russia Is Working to Help His Presidential Campaign: WaPo

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The Washington Post reports U.S. government officials have briefed Senator Bernie Sanders that Russia is working to assist his presidential campaign.

“President Trump and lawmakers on Capitol Hill have also been informed about the Russian assistance to the Vermont senator, according to people familiar with the matter,” the Post notes.

The type or extent of assistant Russia allegedly has undertaken is not known.

“I don’t care, frankly, who Putin wants to be president,” Sanders told The Washington Post in a statement. “My message to Putin is clear: Stay out of American elections, and as president I will make sure that you do.

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In Apparent Message, Trump Signs Surprise Pardon for Felon Convicted of Failing to Report Extortion and Bribery

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President Donald Trump Tuesday morning unexpectedly signed a full pardon for a man who was convicted of not reporting extortion, a $400,000 bribe he paid to the now-former governor of Louisiana.

Former San Francisco 49ers co-owner Edward DeBartolo, Jr. received the pardon from President trump, who appears once again to be using his power to pardon as a means of sending a message to those who might testify against him. Trump was impeached for extortion of Ukraine.

Voice of America News White House bureau chief Steve Herman breaks the news:

“After striking a deal to provide evidence against former Gov. Edwin W. Edwards of Louisiana,” The New York Times reported in 1998, “Edward J. DeBartolo Jr., the co-owner of the San Francisco 49ers, pleaded guilty today to concealing an alleged extortion plot by Mr. Edwards that involved the licensing of a riverboat casino.”

Trump signed the pardon today after meeting with former NFL greats, who spoke in favor of DeBartolo.

 

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