Tuesday, December 06, 2022

Let the Guilty Verdicts Be Read: trump Is Toast December 2022 edition

Let the Schadenfreude be served. Let the people celebrate. Send some to the common pulpits, and cry out "Liberty, Freedom, and an End to trump franchises!"

I want to hug the army of the Potomac investigators into trump's tax schemes. I want to get the whole of the army of Vicksburg Manhattan District Attorney's office drunk at my own expense. I want to fight some small trump and thrash him.
-- paraphrasing/updating the celebratory words of Henry Adams

Ah, just in case you didn't hear the joyous cheers this afternoon, that New York City criminal trial on the Trump Organization's tax mischief had the jury verdict returned, and the jury found trump's corporate empire guilty on ALL counts (via Andrea Bernstein, Ilya Marritz, and Brian Mann at NPR):

A jury in Manhattan has found former President Donald Trump's company guilty of a long-running criminal tax fraud scheme that lasted into his presidency.

Though Trump and his company have repeatedly faced criminal investigations, this case marks the first time his company has been charged, tried, and convicted on criminal charges.

Trump built his political brand, in large part, on his claim that he was an aggressive and successful businessman...

Considering the number of bankruptcies trump filed over the decades, he was gaslighting about the "successful businessman" bit, and this court verdict confirms it. I digress, let's return to the report:

In all, the jury found two entities controlled by Trump guilty on 17 counts of criminal tax fraud and falsifying business records. The maximum penalty is $1.6 million.

"This was a case about lying and cheating, false documents to the aid of evading taxes for the benefit of individuals and the corporation," Manhattan district attorney Alvin Bragg said, speaking with reporters after the verdict was delivered.

In a statement, the Trump Organization criticized the verdict and promised to appeal, arguing that blame should fall on the company's executives and not on the firm itself.

"The notion that a company could be held responsible for an employees' actions, to benefit themselves, on their own personal tax returns is simply preposterous," the statement read...

This is trump trying to shift the blame on his handlers, on the people who answered to him when it came to running his corporation. If that was true, then it undercuts any claim trump makes about being the guy who makes all the tough decisions, of being in control of anything. trump can't run from being held accountable here: the company getting convicted has his name on it.

At issue in this trial was whether Weisselberg and another top executive, Trump Organization comptroller Jeffrey McConney acted "in behalf of" the corporate entities when they compensated Weisselberg and other top executives by paying for the apartments and luxury benefits that did not get reported to the tax authorities.

Well, issue resolved. The jury believed that Weisselberg and McConney acted in behalf of and on orders from the company executives... which is pretty much trump and half his family.

If there's any damper on the festivities happening tonight, it's the reality that donald trump himself - nor his eldest sons and daughter who were part of these schemes - will not face direct punishment for these crimes. For reasons I still don't fathom, the Manhattan DA's office decided not to pursue trump himself, focusing on the corporate entity itself as though the evidence they had was sufficient only for that.

Thing is, the swiftness of this jury decision, and the fact the jurors convicted on ALL counts, underscores the possibility that even one criminal charge - say, the First Degree charge on Scheme to Defraud - could have been proven in court today. It seems a shame that the DA refused to risk that.

The good news: With the wrap-up on this case - even before the jury verdict was read - DA Bragg had decided to reconsider a criminal matter that should directly imperil trump. Remember the Stormy Daniels Hush Money payoff that sent trump's bagman lawyer Michael Cohen to the slammer? Bragg reportedly is looking into using the information revealed in the tax fraud convictions to reopen the Daniels affair. If you'll recall, trump squeaked out of that matter as "Unindicted Co-Conspirator Individual One." All things being equal, with Cohen and Daniels likely to testify against him, trump won't stay unindicted for long.

A more direct impact from this verdict is that trump's business empire faces dire financial disruptions from here on. Not just the fines - which honestly aren't that severe for even a middling operation like trump's - but the reality that banks, lenders, and other corporations may be restricted in doing any business with the Trump Organization at all. trump's ability to keep grifting is going to take a huge hit.

And this criminal trial has ties to an even bigger headache for trump: The New York State's civil case against trump and his corporation for tax fraud and other financial shenanigans on a grander scale than what the City Attorney could pursue. Not only facing $250 million in fines, the civil case headed by State AG Letitia James could impose harsh sanctions that could pretty much shut the Trump Org completely down. James had a strong case going before this verdict, she has a stronger case going forward.

The best possible thing we can see now is how this jury conviction hurts trump's political chances heading into 2024. Before all this, trump could brazenly strut about claiming he was a great businessman, the best, successful at everything, untouchable. This conviction is the first real dent into trump's illusory gaslighting. All his "success" came from cheating, from evading taxes. trump is not really a success at all.

trump may not be directly convicted, but his empire, the one with his name on it, is convicted. This becomes an albatross around trump's neck he cannot remove. Every political rival he'll face will be able to kick him on these jury rulings and he won't be able to bluff and lie his way out of it.

We can say it truthfully: trump is a tax fraud.

trump is vulnerable now.

trump is toast.

Revel in the Schadenfreude, America.

1 comment:

dinthebeast said...

This was a criminal case. It was civil cases that shut down his "charity" and his "university", so I'm waiting for Tish James to do her thing.
And now they've found more classified materials in one of his storages in Florida.
Search Bedminster. Search Trump Tower.
Oh, and Jack Smith is issuing subpoenas right and left over the fake electors scheme.
Here come some consequences, Fergus, with your name all over them.

-Doug in Sugar Pine