Report: The Grifting Continues!

Not playing with a full deck

The crimes continue, and we’re only just now learning that, when he was running in the 2016 Goat Rodeo, and for several months after the start of the 4th Reich, Lord Damp Nut owed millions and millions of Ameros to a company linked to [checks notes] North Korea.

Donald Trump failed to disclose a $19.8 million loan from a company with ties to North Korea while he was president, Forbes reported Sunday, citing documents uncovered by the New York attorney general’s office.

Trump owed the money to L/P Daewoo while he was campaigning in 2016 and into his presidency, according to records. He didn’t list the debt in financial disclosure filings, as candidates and presidents are expected to do, Forbes reported.

So… how’d he do that?

Trump may have skirted disclosure laws and not committed an outright violation because the loan was on the books of his company, the Trump Organization, and not identified as a personal loan, Forbes noted.

Which is a distinction without a difference if you own 100% of the company, as Lord Damp Nut does. Just sayin’. Anyway it would have been nice to know that he had a foreign creditor.

Forbes tells us:

Trump eliminated the debt five and a half months into his tenure as president, according to the documents. He seems to have acted with some urgency to wipe the liability off his balance sheet. From 2011 to 2016, the documents show that the balance stayed static at $19.8 million. Paperwork capturing Trump’s financial picture as of June 30, 2017, five months into his presidency, appears to show that the balance had dropped to $4.3 million, $15.5 million less than it had been a year earlier. Trump got rid of the debt altogether shortly after that. “Daewoo was bought out of its position on July 5, 2017,” the documents say, without specifying who exactly paid off the loan.

As we know, North Korea is not exactly swimming in cash, so someone else helped out, perhaps, and I wonder who would help Comrade Trump? Purely academic speculation, of course.

Anyway, it is all sort of interesting because just as Hair Füror was announcing his entry into the 2024 Goat Rodeo, he signed a deal with a Saudi real estate company that intends to build a Trump-branded hotel, villas, and a golf course as part of a $4 billion real estate project in Oman, and of course his Fratsputin Jared Kushner got $2B Amero thank-you/parting gift from Crown Prince Bone Saw.

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3 Responses to Report: The Grifting Continues!

  1. Jimmy T says:

    North Korea? Well, it makes sense. In NK you cannot question their “Dear Leader” under penalty of death. Having recently announced his opposition to the Constitution, I have a fairly good idea of where TFG wanted to take us…


  2. Osirisopto says:

    Now we know why Kim went from being the subject of childish insults to exchanging love letters that TFG didn’t want to be part of the historical record.


    Liked by 1 person

  3. beckymaenot says:

    but, her emails…


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