Tag Archives: bank fraud

Trump’s fixer Michael Cohen is getting a legal education

Donald Trump’s personal lawyer and fixer Michael D. Cohen is like Thomas “Tom” Hagen, the consigliere to the Corleone family in The Godfather.

A couple of weeks ago, McClatchy News reported Mueller probe tracking down Trump business partners, with Cohen a focus of queries;

Special Counsel Robert Mueller’s investigators this week questioned an associate of the Trump Organization who was involved in overseas deals with President Donald Trump’s company in recent years.

Armed with subpoenas compelling electronic records and sworn testimony, Mueller’s team showed up unannounced at the home of the business associate, who was a party to multiple transactions connected to Trump’s effort to expand his brand abroad, according to persons familiar with the proceedings.

Investigators were particularly interested in interactions involving Michael D. Cohen, Trump’s longtime personal attorney and a former Trump Organization employee. Among other things, Cohen was involved in business deals secured or sought by the Trump Organization in Georgia, Kazakhstan and Russia.

The New York Times reported on March 15 that Mueller had subpoenaed unspecified records from the Trump Organization. Days before that, the Washington Post reported that Mueller’s team was looking into a Moscow hotel deal for which Cohen brought to Donald Trump a letter of intent from a Moscow developer during the 2016 presidential campaign.

They must have obtained something of evidentiary value because a week ago Monday the F.B.I. Raided the Office of Trump’s Longtime Lawyer Michael Cohen: “The F.B.I. raided the Rockefeller Center office and Park Avenue hotel room [and home] of President Trump’s longtime personal lawyer, Michael D. Cohen, on Monday morning, seizing business records, emails and documents related to several topics, including a payment to a pornographic film actress.”

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Follow the money: FBI raids the office of Trump’s attorney Michael Cohen (Updated)

Last week Donald Trump threw his personal attorney and consigliere (fixer) Michael Cohen under the bus for the Stormy Daniels affair. Trump says he didn’t know his attorney paid $130,000 to porn star Stormy Daniels.

Also last week we learned that Michael Cohen was under investigation by Special Counsel Robert Mueller. Mueller probe tracking down Trump business partners, with Cohen a focus of queries:

Special Counsel Robert Mueller’s investigators this week questioned an associate of the Trump Organization who was involved in overseas deals with President Donald Trump’s company in recent years.

Armed with subpoenas compelling electronic records and sworn testimony, Mueller’s team showed up unannounced at the home of the business associate, who was a party to multiple transactions connected to Trump’s effort to expand his brand abroad, according to persons familiar with the proceedings.

Investigators were particularly interested in interactions involving Michael D. Cohen, Trump’s longtime personal attorney and a former Trump Organization employee. Among other things, Cohen was involved in business deals secured or sought by the Trump Organization in Georgia, Kazakhstan and Russia.

The move to question business associates of the president adds a significant new element to the Mueller investigation, which began by probing whether the Trump campaign and Russia colluded in an effort to get Trump elected but has branched far beyond that.

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With friends like these … Senate Democrats pass the ‘bank lobbyist act’

Only a decade after the banksters of Wall Street engaged in  casino capitalism and the largest fraud ever perpetrated in human history, nearly destroying the world’s financial system and causing the Great Recession, the banksters of Wall Street have reasserted their stranglehold over members of the U.S. Congress.

In a 67-31 vote, the U.S. Senate approved the most sweeping changes yet to Dodd-Frank that have earned bipartisan support. All present Republicans and 16 Democrats and Independent Angus King voted to approve the measure, sending it to the House.

Bennet (D-CO), Carper (D-DE), Coons (D-DE), Donnelly (D-IN), Hassan (D-NH), Heitkamp (D-ND), Jones (D-AL), Kaine (D-VA), Manchin (D-WV), McCaskill (D-MO), Nelson (D-FL), Peters (D-MI), Shaheen (D-NH), Stabenow (D-MI), Tester (D-MT), Warner (D-VA); King (I-ME).

The Washington Post reports, Senate passes rollback of banking rules enacted after financial crisis:

The Senate on Wednesday passed the biggest loosening of financial regulations since the economic crisis a decade ago, delivering wide bipartisan support for weakening banking rules despite bitter divisions among Democrats.

The bill, which passed 67 votes to 31, would free more than two dozen banks from the toughest regulatory scrutiny put in place after the 2008 global financial crisis. Despite President Trump’s promise to do a “big number” on the Dodd-Frank Act of 2010, the new measure leaves key aspects of the earlier law in place. Nonetheless, it amounts to a significant rollback of banking rules aimed at protecting taxpayers from another financial crisis and future bailouts.

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Special Counsel files new indictments against Paul Manafort and Rick Gates (Updated)

Special Counsel Robert Mueller has filed a new 32-count indictment Read the Special Counsel’s indictment (.pdf) against former Trump campaign manager Paul Manafort and his business associate Rick Gates. The Washington Post reports, Special counsel Mueller files new charges in Manafort, Gates case:

The indictment ratchets up pressure on Manafort and his deputy Rick Gates, who were already preparing for a trial that could come later this year on fraud and money laundering charges.

The additional charges had been expected in special counsel Robert S. Mueller III’s prosecution of Manafort and Gates. Manafort joined the Trump campaign in March 2016, and served as the campaign chairman from June to August of that year. Gates also served as a top official on Trump’s campaign [and the transition].

Mueller accused the men of lying on their income tax returns and conspiring to commit bank fraud to get loans. The indictment was filed in federal court in Virginia — a technical requirement because that was where the suspects filed their tax returns.

A court filing indicates that prosecutors initially sought to combine the new charges with the preexisting indictment in federal court in Washington, but Manafort declined to agree, leading to the possibility of two separate trials in two neighboring jurisdictions.

The new indictment offers a more detailed portrait of what prosecutors say was a multi-year scheme by Manafort and Gates to use their income from working for a Ukrainian political party to buy properties, evade taxes and support a lavish lifestyle even after their business connections in Kiev evaporated.

“Manafort and Gates generated tens of millions of dollars in income as a result of their Ukraine work. From approximately 2006 through the present, Manafort and Gates engaged in a scheme to hide income from United States authorities, while enjoying the use of the money,” the indictment charges.

From 2006 to 2015, Manafort, with help from Gates, allegedly failed to pay taxes on this money by disguising it as loans from offshore corporate entities, and by using foreign bank accounts to make payments to businesses in the United States on Manafort’s behalf.

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Special Counsel flips Rick Gates, will testify against Paul Manafort (Updated)

Special Counsel Robert Mueller is rolling up witnesses to get them to flip and to testify against other witnesses, to get them to flip and to testify against other witnesses, working his way up the ladder to the top in classic prosecutorial fashion.

The Los Angeles Times reports that the Special Counsel has got Rick Gates to flip to testify against Paul Manafort, to bring pressure to bear on Manafort to get him to flip against higher-ups. Former Trump aide Richard Gates to plead guilty; agrees to testify against Manafort, sources say:

A former top aide to Donald Trump’s presidential campaign will plead guilty to fraud-related charges within days — and has made clear to prosecutors that he would testify against Paul Manafort, the lawyer-lobbyist who once managed the campaign.

The change of heart by Trump’s former deputy campaign manager Richard Gates, who had pleaded not guilty after being indicted in October on charges similar to Manafort’s, was described in interviews by people familiar with the case.

“Rick Gates is going to change his plea to guilty,” said a person with direct knowledge of the new developments, adding that the revised plea will be presented in federal court in Washington “within the next few days.”

That individual and others who discussed the matter spoke on condition of anonymity, citing a judge’s gag order restricting comments about the case to the news media or public.

Gates’ defense lawyer, Thomas C. Green, did not respond to messages left by phone and email. Peter Carr, a spokesman for special counsel Robert S. Mueller III, declined on Saturday to comment.

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