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Drudge Retort: The Other Side of the News
Tuesday, December 06, 2022

The Trump Organization was convicted Tuesday of multiple crimes, including tax fraud, falsifying business records and conspiracy after a trial in New York City.

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Haha. Suck it, loser.

#1 | Posted by LegallyYourDead at 2022-12-06 04:12 PM | Reply

QCP beat you to it by a few minutes. drudge.com

#2 | Posted by johnny_hotsauce at 2022-12-06 04:23 PM | Reply

Convicted on all 15 counts.

#3 | Posted by johnny_hotsauce at 2022-12-06 04:24 PM | Reply

Lock him up!!

#4 | Posted by a_monson at 2022-12-06 04:25 PM | Reply

LOCK HIM UP!

#5 | Posted by a_monson at 2022-12-06 04:26 PM | Reply

Sorry...typo. That's 17 counts.

#6 | Posted by johnny_hotsauce at 2022-12-06 04:26 PM | Reply

What about Durham?

~ ------------- ~

#7 | Posted by reinheitsgebot at 2022-12-06 04:26 PM | Reply | Funny: 1

Deliberations on this didn't take very long. A little over a day to determine guilt on 17 charges.

#8 | Posted by johnny_hotsauce at 2022-12-06 04:27 PM | Reply

I call this a good start.

#9 | Posted by cbob at 2022-12-06 04:27 PM | Reply

More proof that we should have a business mogul as President.

'Specially a tax cheat!

#10 | Posted by Corky at 2022-12-06 04:28 PM | Reply

"The Trump Organization could face a maximum of $1.61 million in fines"

I'm curious where that number comes from. Seems like small change. Does NY cap fines?

#11 | Posted by johnny_hotsauce at 2022-12-06 04:31 PM | Reply

QCP??

#12 | Posted by LegallyYourDead at 2022-12-06 04:31 PM | Reply

Mmmmm, That's Good Running Government Like A Business!

#13 | Posted by snoofy at 2022-12-06 04:33 PM | Reply | Funny: 1

Ron Filipkowski ...

@RonFilipkowski
QAnon people are already noting that Trump Org was convicted of 17 counts, and the 17th letter of the alphabet is Q.

MAGAts are ------- pathetic.

#14 | Posted by reinheitsgebot at 2022-12-06 05:32 PM | Reply

Witch-hunt!!!

#15 | Posted by anton at 2022-12-06 06:22 PM | Reply

fines of up to $1.6 million"

Oh so Russia only has to sell 27,000 barrels of oil at $60 a pop and their agent's fine is covered.

Good to know.

#16 | Posted by snoofy at 2022-12-06 06:31 PM | Reply

Ahh the justice of america. A company commits fraud, noone is held accountable.

#17 | Posted by truthhurts at 2022-12-06 07:28 PM | Reply

Ooooohhhh cue the IRS for all them employees.

#18 | Posted by Nixon at 2022-12-06 07:38 PM | Reply

" but that 1.6MM dollar fine will really teach them lolz."

You know the Fat Orange Bloated Loser is flat broke, right?

#19 | Posted by LegallyYourDead at 2022-12-06 07:43 PM | Reply

"The Trump Organization could face a maximum of $1.61 million in fines"

I would think it would be based on the NYS payroll taxes that were not collected

#20 | Posted by Nixon at 2022-12-06 07:47 PM | Reply

Legally, pretty sure the Trump Org (the guilty party) has more than enough cash to cover it. But again only a 1.6MM fine ... LOL what a waste of taxpayer dollars.

#21 | Posted by Bluewaffles at 2022-12-06 07:51 PM | Reply

A fine means "Legal for a price."

#22 | Posted by snoofy at 2022-12-06 07:56 PM | Reply

#14

yeah that's why it's such a perk to be a yuge corporation with Constitutional Personhood and the liberty to bribe politicians; all the amenities of wealth and citizenship, but little to none of of the responsibility.

#23 | Posted by Corky at 2022-12-06 08:21 PM | Reply

Trump's name wasn't on the indictment, but the prosecutor made a point of dragging Trump's name into his closing argument. That wasn't an afterthought. It was on purpose.

Now the seed has been planted for the follow up. Donald Trump himself.

IMO, a civil case against Trump Org. was never the real object of this case. It was just the bait.

#24 | Posted by Twinpac at 2022-12-06 08:49 PM | Reply

How many of the Trump Org's loan agreements contain clauses that allow his lenders to repossess/foreclose on the collateral in the event the borrower is convicted of a felony or a civil fraud charge?

#25 | Posted by anton at 2022-12-06 09:39 PM | Reply

ANTON

Convictions don't necessarily mean existing loans are going to default.

However . . .

If it's "collateral," all of them can foreclose IF the loan goes into default. If it's only Trump's signature guarantee, they're in trouble. They'll have to sue and get in line for when his assets go into a court ordered receivership. It going to be a long line. Trump has stiffed a lot of people who have just been waiting for the day.

You'd think that any lending institution dealing with Trump would have a "Remit in Full Upon Demand" clause somewhere in the fine print.

#26 | Posted by Twinpac at 2022-12-06 10:42 PM | Reply

Actually that's incorrect Twinpac, most (if not all of his loans) are collateralized through CMBS. Really the only time a property would be foreclosed upon was if he went into default. That's where private equity firms come into play via means of special servicing of the debt that they purchased in specific tranches of the particular collateralized asset pool. They'd rehab his loan for a fee and the Trump org continues on with business as usual.

#27 | Posted by Bluewaffles at 2022-12-06 11:55 PM | Reply

Twin,

I'd just like to see the loan documents. I'll bet my left arm there are covenants in there that allow the lenders to exercise their "security" in the collateral.

It was a bit of a rhetorical question. What I should have said is: What are the banks going to do now?

The whole operation could be brought to a collapse tomorrow if they exercise their rights.

#28 | Posted by anton at 2022-12-07 05:13 AM | Reply

And of course Bluewaffles says it's nothing to worry about at all.
Just pay a fee. Avoid the consequences of multiple felonies.

/MAGAt Logic

#29 | Posted by anton at 2022-12-07 05:15 AM | Reply

ANTON

Lending companies don't want the collateral . . . the want the money. They'll re-finance if they have to just to avoid the liability of taxes, upkeep, maintenance, payroll, legal entanglements, listings and a host of paperwork involved in all of the above.

Foreclosure is for poor people who have reached the end of their rope. And even then, lending companies will grant extensions to see if the borrower can resolve the issue himself.

Foreclosure is always the avenue of last resort.

#30 | Posted by Twinpac at 2022-12-07 05:58 AM | Reply

ANTON

Pay no attention to Bluewaffles. She's just one of the dirty specimen bottles left behind by banned poster (chrisirvine) to keep spreading whatever disease he brought with him to infect the Retort.

#31 | Posted by Twinpac at 2022-12-07 06:08 AM | Reply

Twin,

That's a bit of an overstatement. I've foreclosed on quite a number of properties for clients including some who "didn't want the collateral back."

I'd like to see what their rights are under their agreements with Trump. I'd also like to see some journalists ask them what their intentions are.

I also think we need to know if some the world's glorious banks or other sources of private finance are willing to keep doing business with convicts.

#32 | Posted by anton at 2022-12-07 06:11 AM | Reply

Ah, the lovely sound of Dominos begginning to fall...
just makes my Holiday Spirit rise.

And to the 'Trumpy Righties' poo pooing the amount of the
fine, it will be the upcoming Civil Lawsuit, that seeks
damages over $200 million dollars against Trump Co, that
will be the one to watch...

This is just the first Domino of many yet to come.

Ah, that lovely clicking sound of Dominos smacking
into one another...

(goes and grabs a big bowl of popcorn)

#33 | Posted by earthmuse at 2022-12-07 06:38 AM | Reply

Earth,

If you had asked me even two months ago whether or not I thought a former president would be charged with, much less convicted, if a crime I would have said almost certainly not. There is just too much to risk from shooting at the "king" and missing. I think Trump is actually guilty as hell about a number things. But obtaining a jury verdict of guilty on some of the potential charges is another matter.

Now? I think it's more likely than not that he will be charged and convicted. This recent court result is one reason. The other is that the documents case seems to be relatively easy to prove. He was caught redhanded with a proverbial bag of cocaine in the front seat of his car.

MAGAts should be proud. They've done the previously unimaginable.

#34 | Posted by anton at 2022-12-07 06:57 AM | Reply

"I'd like to see what their rights are under their agreements with Trump. I'd also like to see some journalists ask them what their intentions are."

So would everybody else but it's a private matter between Trump and his lenders and probably the DOJ if any federal banking laws or insurance fraud is involved.

"I also think we need to know if some the world's glorious banks or other sources of private finance are willing to keep doing business with convicts."

First of all, Trump isn't a convict . . . YET. Reputable lenders have already bailed, facing investigations themselves. Trump is being forced to use many smaller banks (with caps on their lending ability) to pick up the slack. They'll probably be sorry.

Otherwise, it's one of the perks in favor of the public that follow the conviction of Trump Org.

#35 | Posted by Twinpac at 2022-12-07 07:09 AM | Reply

It's so sad that such an honest, upright citizen like TFG keeps unintentionally surrounding himself with criminals. They just keep taking advantage of his kind gentle nature.

#36 | Posted by TFDNihilist at 2022-12-07 07:54 AM | Reply | Funny: 2

TDF

It must be his winning smile and sparkling personality that just oozes charitable do-gooding.

#37 | Posted by Twinpac at 2022-12-07 08:10 AM | Reply

Twin, some of the Trump businesses are convicts. I also guarantee these businesses themselves are "borrowers' and that these loans are cross-collateralized and numerous business and personal properties are at risk.

Now that there is a fairly large fine (tax) to collect, in the public interest, I think it is no longer a purely private affair either.

Just my two cents.

#38 | Posted by anton at 2022-12-07 09:17 AM | Reply

He was caught redhanded with a proverbial bag of cocaine in the front seat of his car.

John DeLorean sold a bag of real cocaine to two FBI agents on camera and got away with it.

#39 | Posted by REDIAL at 2022-12-07 11:25 AM | Reply

John DeLorean sold a bag of real cocaine to two FBI agents on camera and got away with it.

#39 | POSTED BY REDIAL AT 2022-12-07 11:25 AM | REPLY | FLAG:

Yes. He was white and rich. That is customary. But, this is extraordinary. I'm not pretending a Trump conviction is "in the bag." He's like Michael Myers. He keeps rising from the dead.

How did Marion Barry do?

#40 | Posted by anton at 2022-12-07 11:50 AM | Reply

Yes. He was white and rich.

Ture enough. It did cost him a car company.

#41 | Posted by REDIAL at 2022-12-07 11:56 AM | Reply

More classified documents were found at one of the demented orange pedo's storage units.

www.rawstory.com

#42 | Posted by reinheitsgebot at 2022-12-07 02:24 PM | Reply

#42

Are we being punk'd?

Is he TRYING to go to prison?

#43 | Posted by anton at 2022-12-07 05:04 PM | Reply

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