Is Douchelini in Jail Yet??

[Free]

Trump is a serious overachiever.

 

[Free]

More continue to go to jail while the ringleader remains free.

Two investors in Trump Media insider trading case plead guilty | CNN Business

Florida venture capitalist Michael Shvartsman and his brother Gerald Shvartsman pleaded guilty on Wednesday to participating in an insider trading scheme linked to the blockbuster deal that brought former President Donald Trump’s social media business public.

www.cnn.com

Florida venture capitalist Michael Shvartsman and his brother Gerald Shvartsman pleaded guilty on Wednesday to participating in an insider trading scheme linked to the blockbuster deal that brought former President Donald Trump’s social media business public.

Each of the brothers pleaded guilty in New York to one count of securities fraud, which carries a maximum sentence of 20 years in prison, according to federal prosecutors.

The two brothers were arrested in June and charged with illegally trading on nonpublic knowledge of a shell company’s secret plan to buy Trump Media & Technology Group, the parent company of struggling social network Truth Social.

“Michael and Gerald Shvartsman admitted in court that they received confidential, inside information about an upcoming merger between DWAC and Trump Media and used that information to make profitable, but illegal, open-market trades,” Damian Williams, the US Attorney for the Southern District of New York, said in a statement.

 

[Free]

Rejected and 'returned for correction': Docs for Trump's $175M bond get bounced

Donald Trump's bond of $175 million on his civil fraud case was temporarily rejected and returned for correction after a lawyer forgot to include paperwork.

lawandcrime.com

The plot, as they say, thickens. Like Trump's rump.

Is Trump's $175 million civil fraud bond valid in New York?

Attorney General Letitia James gave Knight Specialty Insurance Company or former President Donald Trump 10 days to "justify the surety" of the bond.

www.cbsnews.com

[T]he surety bond was missing vital information typically included in those filings, experts say. These standard elements include documents related to power of attorney for the bond provider, Knight Specialty Insurance Company, a financial statement from the company and a certificate of qualification from the Department of Financial Services.

New York Attorney General Letitia James indicated in a filing Thursday, after the original publication of this story, that she, too, has concerns about the bond.

James, according to the filing, "takes exception to the sufficiency of the surety to the undertaking" given by Trump and the other defendants. James objected to the fact that the bond was issued by a company that is not an admitted carrier in New York, and lacks the certification of qualification required by New York Insurance Law Section 1111.

 

[Essence Lumin]

The plot, as they say, thickens. Like Trump's rump.

Yes, this should be bigger news. It doesn't show up on major news sites. What happens next isn't very clear.

 

[Casey Pelous]

FI

While I appreciate the sentiment, the missing financials were, it seems, those of the sleazy grifter insurer's company, not the sleazy grifter failed businessman's company.

 

[Cristiano]

 

[Cristiano]

I love the smell of FAFO anytime:

 

[Noodles]

Yes, this should be bigger news. It doesn't show up on major news sites. What happens next isn't very clear.

Nah, it's pretty clear given everything from the last 8 year+. Nothing happens to Trump and then a bunch of idiots racists elect him as President. Because the system is riddled with stupid loop holes and no one has any fucking balls to just put him in fucking jail where he belongs.

 

[Innula Zenovka]

Trump may intervene in UK election, warns ex-security aide John Bolton

In an interview with i, Trump's former national security adviser reflects on how the presidential candidate could threaten UK interests and cause chaos for Nato, Ukraine and the Middle East

inews.co.uk

Whoever he endorses, it won't be the Labour Party, which is good news for Labour since he's widely despised over here. Presumably he'll endorse either the Conservatives or his friend Nigel Farage's Reform Party. I rather hope it's the Conservatives, several of whose crazier members (notably Liz Truss, who was famously outlasted by a lettuce as prime minister) have already expressed their support for him, since that will doubtless persuade many wavering voters to vote for anyone but the Tories. One the other hand, if he endorses Reform, that will probably cause many of their more bonkers supporters (the ones who voted for Liz Truss, for example) to defect to Reform, on the grounds that the Tories are going to lose anyway.

 

[Cristiano]

https://www.cnbc.com/2024/04/04/trump-media-stock-is-a-scam-barry-diller-says.html

 

[Cindy Claveau]

 

[Khamon]

It is not a scam; it is a washing machine.

 

[Casey Pelous]

It is not a scam; it is a washing machine.

Money laundering has three components: Placement, layering, and integration.

Placement: The dirty money gets put into the legit money system. This thing: Check!

Layering: The dirty money gets obscured through various bookkeeping tricks or by passing through some point without any checks. (Think, "casino cashier window.") This thing: Given that everything of Trump's that gets investigated turns out to be crooked, yeah, probably, but there's the little matter of all that dirty money having to go through a legit brokerage which leaves a paper trail. So far as I know, there's no such thing as "walk into a brokerage office with a briefcase full of cash and walk out with a briefcase full of stock certificates with no paperwork involved." The Feds rather frown on such things.

Integration: The now-clean money comes back out magically legitimized. Folks who need their money laundered seem to think this "comes back out" part is real important. This turkey: Yeah, no. What a loser. So, I don't think that's its purpose.

Disclaimer: I are not a accountant.

 

[Katheryne Helendale]

It's a way for Trump and his donors to sidestep campaign finance laws.

 

[Free]

Comma, comma, down dooby doo down down
Comma, comma, down dooby doo down down...

 

[Veritable Quandry]

It's a way for Trump and his donors to sidestep campaign finance laws.

Just like the Bibles, where the money goes to him personally but churches are free to buy in bulk.

 

[Free]

Money laundering has three components: Placement, layering, and integration.

Are you sure in Trump's case, it's not: Collect underpants, ?, Profit.

 

[Noodles]

Are you sure in Trump's case, it's not: Collect underpants, ?, Profit.

How long until he has to open an Only Fans selling his underwear?

 

[Cristiano]

Jim Jordan Demands Major Ad Companies Explain Why They Won’t Advertise On Truth Social

Jim Jordan, who heads the House Judiciary Committee and its subcommittee on “the weaponization of the federal government,” continues to use “weaponize the power of the federal government” to punish…

www.techdirt.com

 

[Free]

Jim Jordan Demands Major Ad Companies Explain Why They Won’t Advertise On Truth Social

Jim Jordan, who heads the House Judiciary Committee and its subcommittee on “the weaponization of the federal government,” continues to use “weaponize the power of the federal government” to punish…

www.techdirt.com

Why does Jim Jordan hate the free market?