Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Trump Created Trump Magazine With the Help of Boiler-Room Penny-Stock Scam Artists
http://www.slate.com/blogs/the_slatest/2016/10/26/trump_magazine_was_backed_by_stock_scammers.htmlIt seems like there is sleaze under every rock in Trumpworld. The Trump Foundation takes money from donors and spends it on causes that benefit Donald Trump personally. Trump "University" was a high-pressure sales organization selling basically worthless real estate advice. The Trump SoHo tower was built with a partner who'd been convicted of felony assault and racketeering. Trump owned beauty pageants in part so he could ogle women as young as 15 in changing rooms. The co-founder of "Latinos for Trump" is a guy whose real estate license was suspended for improper transactions involving client funds. It goes on and on and on and goddamn on.
In a piece published Tuesday, Fusion turned over a new rock—the short-lived 2000s publication Trump Magazine—and found that it was backed by investors and promoters with histories of involvement in securities fraud. You should read the whole article for a thorough look at how a Trump B.S. sausage gets made, but here's the outline:
-snip-
Fusion's piece is careful to note—as is Slate!—that this does not constitute evidence that Premiere/Trump Magazine was itself a fraudulent scheme, or that one Donald J. Trump committed any criminal act. The crimes and violations that the individuals and entities above were convicted of or sanctioned for did not involve Premiere. (There's also no available evidence at this time that those individuals and entities made profits on Premiere—i.e. that they carried out the "dump" part of the pump-and-dump process). But this is all evidence that Donald Trump was personally involved in a short-lasted penny-stock enterprise with individuals and companies that have histories of penny-stock fraud and other regulatory violations.
It is, in other words, more evidence that Donald Trump is thoroughly enmeshed in a network of scumbags. And incidentally, as you can see above, if you did happen to pick up a copy of Trump Magazine in spring 2006, you would have gotten a "tip" indicating that the crack staff at Trump University did not believe that the U.S. housing market was in a "bubble." Just months later, the real estate crash that crippled the American economy would begin. It goes on and on.
In a piece published Tuesday, Fusion turned over a new rock—the short-lived 2000s publication Trump Magazine—and found that it was backed by investors and promoters with histories of involvement in securities fraud. You should read the whole article for a thorough look at how a Trump B.S. sausage gets made, but here's the outline:
-snip-
Fusion's piece is careful to note—as is Slate!—that this does not constitute evidence that Premiere/Trump Magazine was itself a fraudulent scheme, or that one Donald J. Trump committed any criminal act. The crimes and violations that the individuals and entities above were convicted of or sanctioned for did not involve Premiere. (There's also no available evidence at this time that those individuals and entities made profits on Premiere—i.e. that they carried out the "dump" part of the pump-and-dump process). But this is all evidence that Donald Trump was personally involved in a short-lasted penny-stock enterprise with individuals and companies that have histories of penny-stock fraud and other regulatory violations.
It is, in other words, more evidence that Donald Trump is thoroughly enmeshed in a network of scumbags. And incidentally, as you can see above, if you did happen to pick up a copy of Trump Magazine in spring 2006, you would have gotten a "tip" indicating that the crack staff at Trump University did not believe that the U.S. housing market was in a "bubble." Just months later, the real estate crash that crippled the American economy would begin. It goes on and on.
