Is this any way to run a family business?

Family businesses tend to keep tight control of the enterprise and have members of the family occupy key positions and make all the major decisions.

But not the Trump family business. If you take the testimony of the patriarch, his two sons, and daughter at the fraud trial in New York City at face value, it seemed like none of them knew what was actually going on even though they occupied key positions. They claimed ignorance of major decisions, or said “I don’t recall” to key events, implying that all they did was sign documents that underlings put before them without really knowing what was in them, let alone doing the minimum due diligence to make sure that what they were attesting to was correct. Legal experts explain the “I don’t recall” strategy.

This is of course their strategy, to imply that they could not have committed fraud if they did not have the intent to commit fraud, and that they were misled by others. It is similar to the defense strategy that Sam Bankman-Fried put forward in the FTX cryptocurrency fraud trial and which the jury overwhelmingly rejected.

The defense will begin putting forward its case today. Let’s see how far they are going with that strategy. This case is not before a jury but a judge who had already ruled against the company, that they had falsified the valuations of its various components. How long the defense lasts will depend on the number of witnesses they put on the stand. Given their strategy of delaying things as much as possible, expect to see them ask to put forward many witnesses, however little they may actually contribute to the facts of the case.

Good election night for Democrats

In Ohio, the amendment to enshrine the right to abortion in the state constitution passed easily by a margin of 57%-43%. This adds to the number of states including red ones like Kansas and Kentucky that, in the wake of the US Supreme court to overturn Roe v. Wade, passed state constitution amendments to restore the right to abortion.You may recall that the Republican legislature in Ohio, seeing the writing on the wall, tried to thwart this by suddenly putting a ballot issue in August, when hardly anyone votes, that would have raised the threshold for passing constitutional amendments to 60%. But vigorous campaigning by abortion rights advocates defeated that measure, enabling the right to abortion to pass yesterday. Recreational use of marijuana also passed by 57%-43%.
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Why do they take the abuse?

In yet another new book about serial sex abuser Donald Trump (SSAT), we read about how he lets loose with lengthy abusive attacks on those around him whom he feels have let him down.

The extent of Donald Trump’s frustrations over the timing of his multiple scheduled court appearances in the thick of the 2024 presidential race, as well as the disdain with which he treats his own lawyers, is laid bare in a new book by Jonathan Karl.

The Washington correspondent for ABC News reveals Trump’s furious reaction when told by a Manhattan judge earlier this year that his criminal trial in the Stormy Daniels hush-money case would start on 25 March 2024. That places it right in the middle of the Republican primaries, and just 20 days before the all-important Super Tuesday in which 15 states decide their preferred candidate.

Karl relates in his new book, Tired of Winning: Donald Trump and the End of the Grand Old Party, how the former president responded angrily as he heard the date virtually as he sat in his Florida home, Mar-a-Lago.

He turned to one of his key lawyers, Todd Blanche, and yelled: “That’s in the middle of the primaries! If I lose the presidency, you are going to be the reason!”

Trump’s tantrum lasted almost half an hour, Karl reports, based on an anonymous source present in the room. When the court hearing was over, and the cameras were turned off, the former president launched what Karl describes as “a withering attack on perhaps the most highly regarded lawyer on Trump’s troubled legal team”.

“You little fucker!” Trump shouted in Blanche’s face. “You are going to cost me the presidency!” He went on to rant against other lawyers in his team, saying: “They want me to be indicted!”

I can understand low-level employees having little choice but to take the abuse. But powerful lawyers like Blanche are wealthy and don’t really need SSAT’s business. They could presumably tell him to go to hell and walk off.

But they don’t and seemingly sit there and take it meekly. Why?

SBF found guilty on all counts

The jury returned a verdict of guilty on all seven counts in the trial of Sam Bankman-Fried.

“Mr. Bankman-Fried. Please rise and face the jury,” Judge Lewis A. Kaplan commanded just before a jury forewoman responded “guilty” seven times to two counts of wire fraud, two counts of wire fraud conspiracy and three other conspiracy charges, which carry potential penalties adding up to 110 years in prison. Bankman-Fried is likely to face far less than the maximum at a sentencing set for March 28.

Given the complexity of the entire cryptocurrency enterprise that few understand, there was the possibility that the jurors might be overwhelmed. The defense indeed emphasized that it was so complex that even their client was out of his depth and did not know what was going on and did not have the intent to defraud.

However, the prosecution decided to treat the whole cryptocurrency part as just a black box whose details were largely irrelevant. What they focused on was common-or-garden fraud, whereby SBF took the money of investors and diverted it for his personal use, including a lavish lifestyle.

U.S. Attorney Damian Williams, who sat in the front row of the spectator section during the verdict, stood before cameras outside the courthouse and said Bankman-Fried “perpetrated one of the biggest financial frauds in American history, a multibillion dollar scheme designed to make him the king of crypto.”

“But here’s the thing: The cryptocurrency industry might be new. The players like Sam Bankman-Fried might be new. This kind of fraud, this kind of corruption is as old as time and we have no patience for it,” he said.

He said the case should serve as a warning to every other fraudster who “thinks they’re untouchable, that their crimes are too complex,” that they are too powerful to prosecute or can talk their way out of their crimes because “I promise we’ll have enough handcuffs for all of them.”

That kind of fraud is easy to understand and the jury provided a verdict very quickly after just a few hours.

Clarence Thomas is a cadger

The latest example of how the justice of the UDS Supreme Court mooches off his rich friends (and one wonders if they think of him as their friend only because of his position) is the example of the luxury motor home that he ‘purchased’ 1999 with a ‘loan’ of $267,000 (which allowing for inflation would be about $500,000 now) from a millionaire who later forgave the principal on the loan.

In the case of the luxury RV – a Prevost Marathon Le Mirage XL – Welters loaned Thomas the money in 1999. The businessman told the Times: “I loaned a friend money, as I have other friends and family. We’ve all been on one side or the other of that equation.”

But on Wednesday the Senate finance committee said it had now seen documents that showed an annual interest rate of 7.5% but no obligation to pay down the principal, only annual interest payments of $20,042. The committee also said it had seen a note from Thomas promising to abide by the terms.

“None of the documents reviewed by committee staff indicated that Thomas ever made payments to Welters in excess of the annual interest on the loan,” the panel said.

As described by the Times, when the loan came due, in 2004, Welters granted a 10-year extension “despite the fact that the previous year Justice Thomas had collected $500,000 of a $1.5m advance for his autobiography, according to his financial disclosures. Then, in late 2008, Mr Welters simply forgave the balance of the loan, according to the committee’s report.”

Thomas seems to be someone who really enjoys living the high life on other people’s money. What a sleaze.

Ellis becomes the fourth to take a plea deal in Georgia

Jenna Ellis, who toured the country with Rudy Giuliani to testify before bodies with false claims about how the 2020 election was stolen from serial sex abuser Donald Trump (SSAT), has become the fourth of the 19 people charged with conspiracy to overturn the Georgia results to take a plea deal, with terms similar to the other three.

Jenna Ellis, the lawyer for Donald Trump who was also facing criminal charges for attempted election subversion, is taking a plea deal, pleading guilty to one count of aiding and abetting false statements and writings.

In Fulton county on Tuesday, Ellis became the fourth of 19 defendants to plead guilty as part of the wide-ranging racketeering charges into Trump and allies in the 2020 election in Georgia. Last week, both Sidney Powell and Kenneth Chesebro pleaded guilty before their trials were to start. Scott Hall, an Atlanta bail bondsman, has also pleaded guilty.
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Sydney Powell takes a plea deal

One of the looniest of serial sex abuser Donald Trump’s (SSAT) ‘gaggle of crackpot lawyers’ Sydney Powell has agreed to a plea deal with Fulton County district attorney Fani Willis, pleading guilty to the racketeering and other charges in her trial that was due to start on Monday. She is the second person to take a plea deal in that wide-ranging case that involved charges against 19 people including SSAT.

Former Donald Trump lawyer Sidney Powell has pleaded guilty in the Georgia election interference case in Fulton county, just days before jury selection for her trial was scheduled to start.

Powell, charged alongside Trump for conspiring to overturn the 2020 election results in the state of Georgia, entered into a plea agreement on Thursday to become the second defendant to plead guilty to misdemeanor charges and cooperate with prosecutors in the sprawling criminal case.

Powell was sentenced to six years’ probation, a $6,000 fine and $2,700 in restitution to the state of Georgia. She will also have to write an apology letter to the citizens of Georgia and to testify truthfully at trial – perhaps the most consequential part of the plea agreement.

The move marks a major victory for the Fulton county district attorney Fani Willis, who secured Powell as a state witness just days before the start of jury selection in her trial. Powell was seen pleading guilty on a live video of court proceedings.

The tangible punishments are negligible though I expect that she will also face disbarment from legal bodies. The key item is her agreement to testify truthfully at SSAT’s trial. Since she is a serial liar and fabulist like her hero SSAT, one has to assume that she has already told prosecutors enough things of value that merited them giving her a slap on the wrist, that she cannot, as a witness, lie any more.

The next person whose trial on racketeering and other charges is due to start on Monday is another SSAT crackpot lawyer advisor Kenneth Chesebro.

The indictment accuses Chesebro of writing memos in early December 2020 suggesting that alternate electors from key states – where former President Donald Trump’s campaign contested the election outcome – could cast votes for Trump, despite the fact he had lost in those states. Chesebro also allegedly helped coordinate logistics of this plan.

He may be the next domino to fall. He only has time until Monday to make a deal.

George Santos gets even more indictments

The Republican serial liar and fabulist congressperson has been hit with even more indictments that greatly expands the range of his alleged crimes to a total of 23. It seems like there was no crime too petty for him if the proceeds could be siphoned to his own bank accounts. His former campaign treasurer Nancy Marks has already pleaded guilty to fraud and is willing to testify agains Santos, which cannot be good news for him.
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Did Trump want a jury or not?

This last week saw serial sex abuser Donald Trump (SSAT) spend three days in a Manhattan courthouse for the fraud trial brought against him by New York attorney general Letitia James. Since this is a civil case, his presence is not required so I was not sure why he attended instead of playing golf. It may be that since this case deals with his money and properties and where he risks losing much or all of it, the very things that are so dear to is heart, he felt obliged to pay close attention to what was said, though since he has the attention span of a goldfish, it is not clear how much of the proceedings he absorbed.

During the breaks in the court hearings, he would come out and rant to the media about the usual things, that he is being treated so unfairly. But he also complained that he would rather have been in Iowa campaigning and implied that he could not because he had to be in court. This is obviously not true and his lawyers must have told him that so he was clearly lying, though as with so many of his lies, it is hard to see what purpose the lies serve other than give him one more thing to complain about.
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Prisoner’s Dilemma situation in Georgia

One of the 19 people charged in the Georgia election interference case has pleaded guilty.

Former Republican bail bondsman Scott Hall, one of the 19 people charged alongside Donald Trump for conspiring to overturn the 2020 election results in the state of Georgia, entered into a plea agreement on Friday, becoming the first defendant to plead guilty in the sprawling criminal case.

A live video of the court proceeding showed Hall pleading guilty to five counts of conspiracy to commit intentional interference with the performance of election duties, a misdemeanor charge.

Hall was sentenced to five years’ probation, a $5,000 fine, 200 hours of community service, and to write an apology letter to the state.

This is a relatively light sentence and there are two possible reasons for that. One is that he is a minor figure in the whole operation. The other is that he has agreed to cooperate with the prosecution in return for more lenient treatment. His testimony is thought likely to cause the most harm to Sydney Powell, whose trial is due to start on October 27.

So we now have a real-life, enlarged version of the classic Prisoner’s Dilemma situation. In that problem, two prisoners have to make a decision. If they stick together and do not cooperate with the prosecutors, they increase their chances of escaping punishment altogether by being found not guilty. But if they are found guilty, they will get stiff sentences. On the other hand, if one prisoner cooperates with the prosecutors and betrays the other prisoner, that prisoner can get a light sentence, while the other prisoner gets a heavy sentence.

In this case, because of the large number of defendants, all the other defendants now have to start making more complex calculations. The earlier they plead guilty and cooperate with prosecutors, the more likely they are to get light sentences as part of a plea deal. As time goes by, the information that any individual can provide gets less valuable because prosecutors would have got most of what they need from the ones who made deals earlier. So each person has to guess whether their co-defendants will cooperate with the other defendants by staying silent and risking stiff sentences if found guilty or betray them by spilling the beans to prosecutors in return for a lighter sentence.