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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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Legal Experts: ‘Case Against Trump Became Immeasurably Stronger’ After He Says He Pleaded the Fifth

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Legal experts are responding to Donald Trump’s claim that he pleaded the fifth when giving a sworn deposition to lawyers from the Office of the New York Attorney General, saying Letitia James’ case against the former president is now “immeasurably stronger.”

Trump infamously derided others over the years, saying people only invoke their Fifth Amendment right against self incrimination if they’re guilty.

In a lengthy statement after his testimony Wednesday Trump said, “under the advice of my counsel and for all of the above reasons, I declined to answer the questions under the rights and privileges afforded to every citizen under the United States Constitution.”

READ MORE: House Republicans Visited Trump After FBI Raid to Urge Him to Announce Run for President

“I once asked, ‘If you’re innocent, why are you taking the Fifth Amendment?’ Now I know the answer to that question,” he added. “When your family, your company and all the people in your orbit have become targets of unfounded, politically motivated Witch Hunt supported by lawyers, prosecutors, and the Fake News Media, you have no choice.”

Legal experts disagree.

Popular attorney George Conway declared Attorney General Letitia James’ “case against Trump became immeasurably stronger today.”

He also said, “in any civil case that AG James may bring against Trump, the finder of fact is free to draw adverse inferences from his invocation of the Fifth Amendment’s protections.”

READ MORE: Experts Call on Trump to Release Search Warrant and Inventory List as His Supporters Talk of ‘Civil War’

Former federal prosecutor Renato Mariotti explains, saying, “Trump was right to take the Fifth, but that decision has consequences. While his silence can’t be used against him in a criminal case, it can be used against him in the AG’s civil case.”

“If he is sued,” Mariotti adds, “jurors may be instructed they should presume his answers would have hurt him.”

Attorney Tristan Snell, who successfully prosecuted the Trump University case for the New York Attorney’s Office, offers more insight: “Trump pleads Fifth, refuses to answer NY AG questions about Trump Organization’s alleged tax and financial fraud. This is a civil case — so the court can draw an inference of liability. This is exactly what the AG was hoping to achieve. The case is now even stronger.”

Snell notes also that “Don Jr. and Ivanka did not plead the Fifth, likely because their involvement with the fraud was minimal. Donald Trump pled the Fifth, because he was almost certainly running the fraud.”

Ken White, a popular attorney noted for his “Popehat” Twitter account, offers a different perspective:

“If I’m not mistaken, despite years of speculation and expectation, this is the first time Trump is actually invoking the Fifth to avoid answering questions. It is absolutely the right call in his circumstances.”

Historian Garrett Graff, former editor of Politico magazine adds, “I recognize it’s the important right of any American to take the Fifth, but it’s worth noting how Hillary Clinton say through 11 hours of public Benghazi testimony and sat with the FBI for 3.5 hours amid her emails—and when Trump faces questions, he takes the Fifth.”

 

 

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‘He Was Going to Sacrifice You’: Pence Mocked for Rushing to Support Trump After FBI Mar-a-Lago Raid

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Former Vice President Mike Pence, who was by Donald Trump‘s side constantly promoting and defending him when he was President, and who was subjected to Trump’s support of rioters and insurrectionists calling to “hang Mike Pence,” is being highly criticized and mocked for again rushing to defend Trump in the wake of the FBI’s raid at Mar-a-Lago.

Experts have made clear they believe FBI’s execution of a lawful federal search warrant is most likely in connection with a national security and counterintelligence operation, not a casual stroll into the private estate of a former U.S. president.

But not according to Pence, who is strongly believed to be organizing a 2024 presidential run.

READ MORE: ‘God Anointed Him’: Christian Right Expert Explains Conservative Outrage After FBI Raided Trump’s Mar-a-Lago

“I share the deep concern of millions of Americans over the unprecedented search of the personal residence of President Trump. No former President of the United States has ever been subject to a raid of their personal residence in American history,” he writes.

“After years where FBI agents were found to be acting on political motivation during our administration, the appearance of continued partisanship by the Justice Department must be addressed,” he claims, which is at best a twisting of facts. No FBI agent was found to have taken official action based on personal political beliefs.

“Yesterday’s action undermines public confidence in our system of justice and Attorney General Garland must give a full accounting to the American people as to why this action was taken and he must do so immediately,” Pence demanded.

READ MORE: ‘This Is a National Security Issue’: Former FBI Agents Note Key Details About ‘Raid’ on Trump’s Mar-a-Lago

Pence could have made the exact same demand of Donald Trump, who has a copy of the lawfully executed search warrant and inventory of the likely hundreds or thousands of documents that are the rightful property of the U.S. government, and recovered by the FBI from Trump’s Mar-a-Lago home.

Meanwhile, Pence was singing a very different tune int he weeks before he was elected Vice President.

We call on the FBI to immediately release all emails pertinent to their investigation,” he tweeted about Democratic presidential nominee Hillary Clinton on October 28, 2016. “Americans have the right to know before Election Day.”

Trump “and I commend the FBI for reopening an investigation into Clinton’s personal email server because no one is above the law,” Pence added just hours later.

Responses to Pence’s remarks on Tuesday were strong.

“Mike he was going to sacrifice you,” tweeted Daily Kos staff writer Gabe Ortíz.

“No President has ever attempted to have an armed mob assassinate his Vice President either,” wrote journalist Marcy Wheeler.

Trump sent a “violent mob to murder you so he could end [the] republic,” tweeted economist David Rothschild. “Trump took boxes of classified documents from White House & is known to destroy documents.”

“Trump won in 2016 because FBI intervened on his behalf over ‘concern’ about Clinton’s document retention & security,” he continued. “Not investigating & prosecuting former president who flaunts breaking law, including leading coup against US, undermines rule-of-law for all of US.”

“You don’t know what the FBI’s warrant said or what evidence was presented to the judge who authorized it,” tweeted U.S. Rep. Don Beyer (D-VA). “Your suggestion that Trump should be beyond accountability to the law, like your silence when Trump called for imprisonment of his opponents as president, harms our country.”

Talking Points memo editor and founder Josh Marshall writes, “this is a good reminder of who Mike Pence is. None of this happened. The FBI never plotted against Trump. To the extent it has org bias it’s toward the right. Everyone knows this. Pence is just repeating anti-‘deep state’ propaganda invented to give Trump cover for his crimes.”

“The pervasive rightwing lie and conspiracy theory that the FBI is controlled by Biden for political purposes is based on the assumption that everyone in the Biden admin, the FBI, the department of justice, the media and secret service is corrupt and abusing power—and trump is not,” wrote Condé Nast legal affairs editor Luke Zaleski.

Vox’s legal expert, Ian Millhiser asks, “Is there anyone on earth more pathetic than Mike Pence? Donald Trump egged on a lynch mob that wanted Pence hanged, and Pence is still Trump’s toady.”

 

 

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‘This Is a National Security Issue’: Former FBI Agents Note Key Details About ‘Raid’ on Trump’s Mar-a-Lago

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Two former FBI agents are weighing in on the Federal Bureau of Investigation’s execution of a search warrant Monday at the Florida residence of Donald Trump, the former President, which he called a “raid.”

“This is a nat sec/CI issue,” tweeted Asha Rangappa Tuesday morning, meaning national security and counterintelligence. Rangappa is an attorney, former FBI special agent, senior lecturer at Yale, and CNN commentator.

She was pointing to a tweet by another former FBI special agent, James Harris.

READ MORE: ‘Coverup of Treason’: Trump-Appointed IG, Under Investigation, Knew of Missing Secret Service and DHS Texts Far Earlier

Harris has an extensive bio, highlights of which include his role at FBI HQ Cyber Division as a Program Manager and then Unit Chief (Acting), FBI Senior Liaison Officer to DHS Cybersecurity and Communications, and FBI Assistant Section Chief of the Counterterrorism Internet Operations Section. Earlier in his FBI career he says he “built up the largest Federal Cybercrime Task Force in the US.”

Harris points to this section of a CNN article published Tuesday morning, written by seven CNN reporters:

“In early June, a handful of investigators made a rare visit to the property seeking more information about potentially classified material from Trump’s time in the White House that had been taken to Florida. The four investigators, including Jay Bratt, the chief of the counterintelligence and export control section at the Justice Department, sat down with two of Trump’s attorneys, Bobb and Evan Corcoran, according to a source present for the meeting.”

READ MORE: Trump’s Legal Team Now in ‘Direct Communication’ With DOJ Officials About J6 Criminal Investigation: Report

Harris on Twitter highlights this sentence: “The four investigators, including Jay Bratt, the chief of the counterintelligence and export control section at the Justice Department…”

He tweets: “All you ‘outraged’ GOPers better cool your jets. You might be walking your rhetoric back really fast when you figure out what this seems to be. The devil is in the details.”

In January the National Archives was forced to transport from Mar-a-Lago 15 cartons of documents and other items that, according to the Presidential Records Act and the National Archives, should have been turned over to the Archives.

The FBI’s execution of the search warrant and reports that they left with a large quantity of documents suggests Trump might not have turned over everything taken from the White House.

Rangappa earlier Tuesday tweeted: “Ask yourself: What kind of info makes its way to the WH, and specifically to the president? —> HIGH LEVEL SECRETS. PDB stuff. Defense info. These aren’t low-level diplomatic cables or overclassified State Dept. correspondence. Just saying.”

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