DIRS.INFO The most relevant business & tech news

☆ Judge threatens Trump with jail for court violations: 'I have a job to do'
▼ + stars: | 2024-05-06 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

A judge on Monday delivered a dire warning to Donald Trump: Stop violating the court's orders, or you will be thrown in jail. "I do not want to propose a jail sanction," Merchan said, but "that I will, if necessary." But he said he would not hastily take the drastic step of throwing Trump in jail for his continued contempt. Prosecutors then called to the witness stand Jeff McConney, the former longtime controller of the Trump Organization. McConney, who worked under the company's former chief financial officer Allen Weisselberg, previously gave emotional testimony in a New York civil business fraud trial against Trump.

Persons: Donald Trump, Stormy Daniels, Juan Merchan, Merchan, Trump, Jeff McConney, McConney, Allen Weisselberg Organizations: Trump, Prosecutors, Trump Organization, White Locations: Manhattan, New York City, U.S, United States, New York

☆ The Trump fraud trial verdict goes well beyond ordering the ex-president to pay $355 million. Here's what the ruling means.
▼ + stars: | 2024-02-16 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +6 min

While Trump is personally on the hook for almost $355 million of that penalty, Donald Trump, Jr., and Eric Trump must pay $4 million each. It targets his real-estate and golf resort empire, the Trump Organization, and does so in two ways that Trump has pushed against for years. AdvertisementIn a statement, a Trump Organization spokesperson decried the verdict as a "gross miscarriage of justice." Donald Trump, Jr., and Eric Trump are banned from running a New York business for two years. And it bans the two former executives, ex-CFO Allen Weisselberg and ex-Controller Jeff McConney, from controlling the finances of another New York company.

Persons: —, Donald Trump's, Arthur Engoron, Trump, Donald Trump , Jr, Eric Trump, Allen Weisselberg, Letitia James, James, Judge Engoron, Donald Trump, Bernard Madoff, Read, Jeff McConney Organizations: Service, New York, Business, Trump, Trump Organization, Trump Org, New Locations: York, Trump Organization's, Manhattan, New York

☆ What about Don Jr.? What about Eric? Why Judge Engoron gave them lighter penalties than dad.
▼ + stars: | 2024-02-16 | by ( Laura Italiano | Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

Donald Trump, Jr., and Eric Trump are executive vice presidents at the Trump Organization. AdvertisementSince January of 2017, Donald Trump, Jr., and Eric Trump have run their father's real-estate empire as "co-CEOs," as lawyers for New York's attorney general like to call it. "I was focused on pouring concrete," Eric Trump had said in a pre-trial deposition, during which he pleaded the Fifth some 500 times. Like his little brother, Don Trump, Jr., was guarded when called to the witness stand. In the litigation with the New York attorney general's office, Eric Trump and Donald Trump, Jr. have been primarily represented by Clifford S. Robert.

Persons: Donald Trump , Jr, Eric Trump, Don Jr, Eric, —, Donald Trump Jr, Arthur Engoron, Trump, Donald Trump, KENA BETANCUR, Letitia James, Engoron, James, Andrew Amer, Amer, that's, It's, Whitley Penn, Don Trump, Jr, David Dee Delgado, Ivanka Trump, Allen Weisselberg, Jeff McConney —, Barron, Tiffany Trump, Clifford S, Robert Organizations: Trump Organization, Service, New, Trump, Getty, — Locations: New York, York, AFP, Springs

CNN —Judge Arthur Engoron hit Donald Trump with his biggest punishment to date on Friday, in a ruling that fined the former president $355 million for fraudulently inflating the values of his properties. Combined with the $83 million judgment issued against Trump for defaming E. Jean Carroll, that means Trump has been fined roughly $438 million over the past four weeks. Engoron found that the defendants’ fraud saved them about $168 million in interest, fining Trump and his companies that amount. “Overall, Donald Trump rarely responded to the questions asked, and he frequently interjected long, irrelevant speeches on issues far beyond the scope of the trial,” Engoron wrote. properties that offered a much lower valuation than reported on Donald Trump’s financial statements.

Persons: Arthur Engoron, Donald Trump, Jean Carroll, Trump, Friday’s, Engoron, “, ” Engoron, Letitia James, fining Trump, –, Bernard Madoff, Alexander Pope, ’, Trump’s, fixer ‘, Michael Cohen’s, Cohen, “ Michael Cohen, “ Trump, Michael Cohen, – who’ve, execs Allen Weisselberg, Jeff McConney, Eric Trump’s, “ Eric Trump’s, begrudgingly ”, Eric Trump unconvincingly, Donald Trump’s, Eric, Donald Trump Jr, Ivanka Trump, ”, Christopher Kise, ” Kise Organizations: CNN, Trump, defaming, Trump Organization, New York, Post, Independent, ‘, Trump Org, Independent Monitor, SFC, Washington DC, OAG, Division Locations: New York, Washington , DC, Ferry, Bronx, York, –, disgorgement, Washington

The vast majority — nearly $40 million — went to law firms working on his personal legal problems. But significant portions of their donations went to law firms defending Trump in civil cases involving his real-estate empire and its top executives, including Donald Trump Jr., Eric Trump, and Ivanka Trump. Only about $861,000 was spent on law firms working exclusively on political issues. Where there were gaps, we contacted law firms and individual lawyers who received money from the PACs. In 2021 and 2022 combined, Trump spent $16 million on legal fees through the Save America PAC.

Persons: Donald Trump, Trump, —, MAGA, Trump's, Donald Trump Jr, Eric Trump, Ivanka Trump, Stormy Daniels, Jean Carroll, Robert, Clifford S, Michael Cohen, — Troutman Pepper Hamilton Sanders, Kellogg, Hansen, Todd, Figel, Frederick —, Madaio, Alina Habba, Michael Madaio, Hillary Clinton, James Comey, Mary Trump, general's, Carroll, Trump —, Joe Tacopina, Chad Seigel, Christopher Kise, Jesus M, Suarez, Eli Bartov, Bryan Woolston, Silverman Thompson Slutkin, White, Evan Corcoran, Todd Blanche, Cadwalader, Taft, Blanche, Attorney Alvin Bragg's, Daniels, Susan Necheles, John Lauro, who's, Steven H, Drew Findling, Jennifer Little, Jesse R, it's, Jim, John Rowley, Eduardo Munoz Alvarez, Allen Weisselberg, Weisselberg, perjured, ArentFox Schiff, Jeff McConney, Stanley Woodward, Stanley Brand, Carlos de Oliveira, John S, Irving of, Boris Epshteyn, Kenneth Chesebro, Troutman Pepper, Ivanka, Newsmax, Harmeet, Dhillon, Bradley T, Morvillo Abramowitz, David Pecker, Elkan Abramowitz, Greenberg Traurig, Ballard Spahr, Mintz, Levin, Cohn, Ferris, Corey Lewandowski, Robert Mueller's, Jones, Andrew Kelly, It's, Forbes, defaming Carroll, he's Organizations: Service, Trump, Save America PAC, Make, Trump Organization, Politico, Reuters, New, Associates, Democratic National Committee, The New York Times, Times, Continental LLP, Inc, AP, Attorney, Capitol, Law, Taft, Brand Woodward Law, Irving of Earth & Water Law, Ivanka Trump, Republican National Committee, Save, MAGA, Curve Solutions, National Enquirer, Republican, MAGA PAC, Bloomberg Locations: New York, Georgia, Carroll, Manhattan, Florida, York, Washington, DC, Wickersham, Attorney Alvin Bragg's Manhattan, Fulton County , Georgia, codefendants, MAGAworld, Robert Mueller's Russia

☆ Trump civil fraud trial: What to know as the verdict nears
▼ + stars: | 2024-01-30 | by ( Dan Berman | ) edition.cnn.com time to read: +7 min

CNN —A New York state judge has the future of Donald Trump’s business empire in his hands. The civil lawsuit from New York Attorney General Letitia James, a Democrat, is seeking $370 million from Trump and the other defendants (the figure was originally $250 million). The back and forth between the judge, Trump and the former president’s lawyers during the trial was repeatedly heated. “What evidence do you have – I just haven’t seen it – that they knew that there was fraud?” Engoron asked. Furthermore, Trump says, companies like Deutsche Bank wanted to do business with Trump Org.

Persons: Donald Trump’s, Judge Arthur Engoron, Trump, Letitia James, Engoron, What’s, James, ”, Andrew Amer, Allen Weisselberg, Jeff McConney, Mr, ” Amer, “, ” Engoron, Donald Trump Jr, Eric Trump, Ivanka Trump, belittle James, colluding, ” Trump, I’m, “ It’s Organizations: CNN, New York, Democrat, Trump, disgorgement, Trump Organization, Trump Org, Deutsche Bank, Engoron Locations: York, New, Mar, New York, Westchester County , New York

☆ Donald Trump wants to deliver his own NY fraud-trial closing arguments, but the judge would have to let him
▼ + stars: | 2024-01-10 | by ( Laura Italiano | ) www.businessinsider.com time to read: +4 min

Trump wants to deliver part of his NY fraud trial closing statements himself, ABC News reported Tuesday. Under state civil-practice rules, defendants can help make closing arguments with court approval. AdvertisementFormer President Donald Trump wants to deliver part of his New York fraud trial closing arguments himself on Thursday, ABC News reported. There would be little downside for the judge in approving Trump's request, he added, noting, "He'd never be reversed on appeal over this." AdvertisementIn delivering closing arguments, Trump would be bound by the same rules as an attorney would, Kuby said.

Persons: Trump, —, Donald Trump, Arthur Engoron, Alina Habba, Ron Kuby, Engoron, Kuby, He'd, Michael Farkas, it's, Farkas, Letitia James, James, Allen Weisselberg, Jeff McConney Organizations: ABC News, Service, New, Trump, New York Law, Civil, New York, Trump Organization, Trump Org Locations: York, New York City, New

☆ Former Trump Org. controller breaks down in tears on witness stand in fraud trial
▼ + stars: | 2023-11-21 | by ( Lauren Del Valle | Kara Scannell | ) edition.cnn.com time to read: +4 min

Trump attorney Alina Habba motioned to a court officer to bring him a box of tissues. At one point while reviewing his own handwritten notes, McConney acknowledged his memory was “incorrect” about a specific disclosure on Trump’s statement. Amer showed the court handwritten notations from McConney on 2021 financial statement drafts. Among the 2021 notes, the former controller wrote that Eric Trump needed to review the footnotes for the section on club facilities. On another page McConney wrote that Eric and his brother Donald Trump Jr, both defendants in the case, should review the statements.

Persons: Jeff McConney, “, ” McConney, Jesus Suarez, Donald Trump, McConney, Alina Habba motioned, Arthur Engoron, , wouldn’t, he’s, Andrew Amer, Mazars, Donald Bender, Amer, Patrick Birney, Eric Trump, Eric, Donald Trump Jr, ”, Mark Hawthorn Organizations: New, New York CNN, Trump Organization, Trump Org, Trump, Trump Hotels, Deutsche Bank Locations: New York

☆ Not having a jury has turned Trump's fraud trial into an ugly screwball comedy
▼ + stars: | 2023-11-16 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +13 min

Trump's lawyers complain to New York Supreme Court Justice Arthur Engoron that their gag order prevents them from complaining more. With no jury, Trump is the audienceThe trial is a bench trial, meaning there's no jury. he quipped to one of Trump's lawyers, Christopher Kise, who had objected to one of his rulings about how to structure several questions. AdvertisementJudge Arthur F. Engoron presides over former President Donald Trump's civil business fraud trial at the New York Supreme Court. Trump's lawyers have hemmed and hawed about Greenfield, Engoron's principal law clerk, who has donated to Democratic politicians.

Persons: Trump's, there's, —, Donald Trump, Arthur Engoron, Michael Cohen's, Trump, Letitia James, Engoron, James, Eric Trump, Donald Trump , Jr, Allen Weisselberg, Jeff McConney —, Jamie White, litigator, who's, White, Alina Habba, Christopher Kise, Seth Wenig Engoron, Kise, He's, Randy Zelin, Hillary Clinton, Engoron's, Allison Greenfield, — Trump, Arthur F, Donald Trump's, Mike Segar, Jean Carroll, Carroll, defaming, Trump —, Lewis Kaplan, Kaplan, Donald Trump Jr, David Dee Delgado, Zelin, he's Organizations: Service, Trump Organization, New York, York, AP, US Justice Department, Cornell Law School, Fox News, New York Supreme, Trump, Democratic Locations: York, Manhattan, New, New York, earshot, Greenfield, Woodstock

Ms. James has asked that Mr. Trump pay $250 million and that he and his sons be permanently barred from running a business in New York. Mr. Trump has denied all wrongdoing. Mr. Trump minimized the importance of the statements and said the banks paid little attention to them. During the first week of the trial, Justice Engoron ordered Mr. Trump not to comment on members of his staff, and put similar restrictions on his lawyers. On Wednesday, Mr. Trump’s daughter Ivanka will be the fourth and final Trump family member to testify.

Persons: Donald J, Trump, Letitia James, Donald Jr, Eric, Arthur F, Engoron, James, Trump’s, Jeff McConney, Allen H, Justice Engoron, Kevin Wallace, “, ”, Christopher M, ” James, James “, don’t, Allison Greenfield, Greenfield, Kise, Mr, Ivanka Organizations: White, New, Trump Organization, Mazars USA, Mr, Democrat Locations: New York

CNN —Ivanka Trump’s appearance Wednesday was the highly anticipated conclusion to an unprecedented eight days of witness testimony that included Donald Trump and three of his adult children in the civil fraud trial brought by the New York attorney general’s office. Ivanka Trump proposed a change to lower the net worth requirement to $2 billion, in an email Solomon showed in court. Solomon asked Ivanka Trump whether the value of her purchase option was factored into her father’s financial statement. Discussions between Ivanka Trump and Jared KushnerIvanka Trump and her husband Jared Kushner worked in Donald Trump’s White House as senior advisers to the president. In addition to the Trump family, the attorney general’s office called former Trump Org.

Persons: Donald Trump, Trump, Donald Trump Jr, Eric Trump, Ivanka Trump, Louis Solomon, Solomon, Donald Trump’s, ” Ivanka Trump, ”, Jared Kushner Ivanka Trump, Jared Kushner, Kushner, “, they’d, Allen Weisselberg, Jeff McConney –, ” Michael Cohen, Weisselberg, Arthur Engoron, – Engoron, Ivanka, ” Trump Organizations: CNN, New, Trump Organization, Deutsche Bank, Doral, Trump, Deutsche Bank’s, Deutsche, Capital, Post, Trump International, Trump Org, Ivanka Trump, ” Locations: New York, Ivanka, Florida, Doral, Washington

☆ Trump unleashes new attack on the legal system after his sons take the stand
▼ + stars: | 2023-11-03 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

Things grew heated when Amer apparently succeeded in undermining Eric Trump’s claims that he had little to do with his father’s financial statements. “I understand we had financials as a company,” Eric Trump said. Eric Trump replied: “It appears that way, yes.”In essence, both Trump sons are arguing that despite running the company, they knew nothing about its financial statements. In a bizarre passage of the trial, Trump attorney Chris Kise insisted: “I’m not a misogynist. CNN legal analyst Shan Wu said that neither the testimony of Eric Trump nor the strategy of attacking court personnel seemed like a smart approach.

Persons: Donald Jr, Eric, Hunt, ”, Donald Trump, Judge Arthur Engoron, Trump, Trump Organization –, Eric Trump, CNN Trump, Joe Biden, ” Trump, “ That’s, Andrew Amer, It’s, Amer, Eric Trump’s, “, ” Eric Trump, ” Amer, Jeff McConney, Donald Trump Jr, Volodymyr Zelensky, ” Engoron, —, Engoron, Chris Kise, I’m, Alina Habba, Shan Wu, Eric –, ” Wu, Wu, –, Tanya Chutkan Organizations: CNN, Trump, New, Trump Organization, Justice Department, Republican, Wednesday, GOP Locations: New York, Trump, Florida, Washington ,, —

The back-to-back appearances Thursday from Donald Trump Jr. and Eric Trump – who both helped run the Trump Organization while their father was in the White House – comes ahead of the former president’s own testimony on Monday. Donald Trump Jr. and Eric Trump are co-defendants in the case, along with their father, the Trump Org., and several company executives. Eric Trump acknowledged he provided information to former Trump Org. But he tried to distinguish between specific statements of financial condition – his father’s personal financial statements at the heart of the civil case – and general financial records for the company. Some internal policies and methodologies “have been bolstered” since the investigation began, Trump Jr. said.

Persons: Donald Trump’s, Donald Trump Jr, Eric Trump –, –, Eric Trump, Andrew Amer’s, Jeff McConney, “, ” Eric Trump, Amer, David McArdle, wasn’t, “ That’s, McConney, Donald Trump, Trump, Faherty, Judge admonishes Trump, Chris Kise, Engoron, Kise, “ I’m, I’m, ” Kise, He’s, ”, She’s, Letitia James, It’s, Joe Biden, Hunt, ” Trump Organizations: New, New York CNN, The New York Attorney, Trump Organization, Trump Org, Cushman, Trump, Trump Jr, Deutsche Bank, Post, Trump International, White Locations: New York, Seven, Doral, Wakefield, Tower, Chicago, Florida, Washington , Florida, Georgia

Tuesday, Trump and Cohen are expected to be face to face in a New York courtroom as Cohen delivers testimony as part of the New York attorney general’s civil fraud case against the former president. When Cohen takes the stand, he will face down a very angry Donald Trump. Cohen is expected to testify about meetings with former Trump Organization Chief Financial Officer Allen Weisselberg and Trump regarding Trump’s financial statements and net worth. Cohen has claimed there were meetings with Weisselberg and Trump about Trump’s net worth before the financial statements were filed. Eric Trump said in a deposition for the case that he didn’t remember being involved in any appraisals for Trump properties.

Persons: CNN — Michael Cohen, Donald Trump’s, Cohen, Trump’s, ”, Trump, Donald Trump, ” Cohen, Letitia James, Michael Cohen, Eric Trump, CNN Trump, Judge Arthur Engoron –, –, Engoron, Allen Weisselberg, Weisselberg, “, Colleen Faherty, Attorney Alvin Bragg, Karen McDougal, Stormy Daniels, Bill Kelly, Mazars, Jeff McConney, Cushman & Wakefield, Ivanka Trump Organizations: CNN, Trump, New, New York, Trump Organization, Weisselberg, Trump ., Manhattan, Attorney, Playboy, Cushman &, Seven, Trump National Golf Locations: New York, Briarcliff Manor , New York

CNN —The former controller of the Trump Organization says that Eric Trump directed him to make certain decisions that led to the inflated valuations of several Trump properties. Jeff McConney, also a co-defendant of former President Donald Trump, Eric Trump and Donald Trump Jr., testified Friday as the first week of the civil fraud trial came to an end. (Attorneys for Eric Trump have argued he was not aware that any phone conversations with McConney were used to formulate value assets in the financial statements for Trump properties.) McConney testified that he did not know at the time that Trump had deeded away his right to develop the property beyond its use as a social club in 2005. He said he did this at the direction of Eric Trump, who oversaw the project.

Persons: Eric Trump, Jeff McConney, Donald Trump, Donald Trump Jr, McConney, Arthur Engoron’s, “, ” Trump, Christopher Kise, Allen Weisselberg, Andrew Amer, Trump, Weisselberg, Amer, ” McConney, Briarcliff, he’d Organizations: CNN, Trump Organization, Trump, Internal Trump Org, New, Trump National Golf Club Westchester Locations: New York, Seven, Trump, Springs, Briarcliff , New York

☆ Trump's lawyers grill Donald Bender about his mental health history in an attempt to paint him as unreliable
▼ + stars: | 2023-10-05 | by ( Jack Newsham | ) www.businessinsider.com time to read: +4 min

Donald Trump's lawyers went after accountant Donald Bender in court on Thursday. Donald Trump's lawyers tried to put the mental health of his former accountant Donald Bender on trial Thursday as part of an effort to undermine the New York attorney general's fraud lawsuit against them. And one of Trump's lawyers, Jesus Suarez, zoomed in on a disclaimer in a document that Mazars had given to authorities. But Cliff Robert, an attorney for Donald Trump's sons Eric and Donald Jr., challenged Bender's recollection of his interactions with Jeff McConney, a longtime Trump Organization accountant. Bender is no stranger to the witness stand, having previously testified at the criminal trial of the Trump Organization in 2022.

Persons: Donald Trump's, Donald Bender, Bender, didn't, —, Donald Trump, Jesus Suarez, Mazars, Suarez, Trump, Cliff Robert, Eric, Donald Jr, Jeff McConney, McConney, Robert, Justice Arthur Elgoron, Bill Clinton, Letitia James Organizations: Service, New, Trump Organization, longtime Trump Organization, Trump Locations: New York

☆ Trump and family deny responsibility for fudging Trump Org numbers in previously unseen deposition video shown by New York AG at trial
▼ + stars: | 2023-10-02 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

AdvertisementAdvertisementLawyers from the New York Attorney General's office confronted former President Donald Trump in court Monday, showing a previously unseen deposition video where he denies responsibility for the property valuations in his own company. Moments earlier, Kevin C. Wallace, the attorney general's office lawyer presenting the opening statement, had shown a different deposition video of Weisselberg. Another lawyer from the attorney general's office asked if he was familiar with GAAP. The juxtaposition got to the heart of New York Attorney General Letitia James's lawsuit against Trump, Eric Trump, Donald Trump Jr., Weisselberg, and executive Jeff McConney. Cohen is scheduled to testify as a witness against Trump later in the New York trial, which is set to last until December 22.

Persons: Donald Trump, Eric, Don Jr, Trump, —, Allen Weisselberg, Kevin C, Wallace, Weisselberg, Letitia James's, Eric Trump, Donald Trump Jr, Jeff McConney, Letitia James Getty, Jean Carroll, Michael Cohen, Cohen, James, Jason Miller, Steven Cheung, doze, Chris Kise, Arthur Egoron, who's, Arthur Engoron, Engoron Organizations: Service, New York Attorney, Trump Organization, Trump, York, New York, Wharton Locations: New York, Manhattan, Florida

Judge Arthur Engoron in his bombshell decision also canceled the New York business certificates of Trump, the Trump Organization, and the other defendants, including two of his sons, in a lawsuit by the state Attorney General's Office. The defendants in the case include Trump, his sons Donald Trump Jr. and Eric Trump, former Trump Organization Chief Financial Officer Allen Weisselberg, company executive Jeff McConney, and Trump Organization entities. Engoron also ordered sanctions of $7,500 for five attorneys who represented the Trump defendants for making frivolous and previously rejected arguments in court filings. In the fourth criminal case, Trump is charged with falsifying business records related to a 2016 hush money payment to porn star Stormy Daniels. Even after Engoron appointed an independent financial monitor for the Trump Organization last year, "defendants have continued to disseminate false and misleading information while conducting business," the judge wrote.

Persons: Donald Trump, Arthur Engoron, Letitia James, Chris Kise, Trump, Kise, Engoron, James, Donald Trump Jr, Eric Trump, Allen Weisselberg, Jeff McConney, Stormy Daniels, Engoron's, Trump's, Alina Habba, Habba Organizations: Team Trump Iowa, Jackson, Fairgrounds, New, Trump, Trump Organization, General's, NYU Stern School of Business, Engoron, Federal Locations: Maquoketa , Iowa, New York, United States, Lago, Florida, Palm Beach Florida, Palm Beach, New York City, Springs, Westchester County , New York, Aberdeen, Scotland, American, New York State

☆ Ex-Trump CFO Allen Weisselberg begs for leniency as he's sentenced to 5 months for Trump Org tax fraud
▼ + stars: | 2023-01-10 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +4 min

Top Trump money man Allen Weisselberg sentenced to five months in Trump Org tax-dodge scheme. He testified in a monthlong tax crimes trial against the Trump Organization, which was found guilty. The former Trump Organization chief financial officer had overseen a decade-long scheme that allowed top executives to dodge hundreds of thousands of dollars in taxes. Along with charges against Weisselberg, the Manhattan district attorney's office brought charges against the Trump Corporation and the Trump Payroll Corporation, two of the entities that comprise the Trump Organization. Michael M. Santiago/Getty ImagesWeisselberg's plea came after months of pressure from the Manhattan district attorney's office.

☆ Michael Cohen says New York investigation will 'ultimately terminate' the Trump Organization: 'This is going to put an end to the entire company'
▼ + stars: | 2022-09-22 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Michael Cohen said the New York probe into the Trump Organization would "end to the entire company." Cohen, who worked for Trump and was his fixer and confidante for a decade, spoke to MSNBC's Chris Hayes on Wednesday, weighing in on the ongoing probe in New York into the Trump Organization. Cohen told MSNBC that the investigation sparked by New York Attorney General's $250 million civil lawsuit against the Trump family would "ultimately terminate the Trump Organization — Donald, Don Jr., Ivanka, Eric, Weisselberg, McConney, and the rest of them." Trump's three eldest children — Donald Trump Jr., Ivanka Trump, and Eric Trump — are listed in James' lawsuit. Representatives at Trump's post-presidential press office and the Trump Organization did not immediately respond to Insider's requests for comment.

☆ Jay Powell just went full Volcker
▼ + stars: | 2022-09-21 | by ( Allison Morrow | ) edition.cnn.com time to read: +10 min

But in just a few months, that sizable jump has become the norm, and it’s almost certainly sealed Jay Powell’s status as the Paul Volcker of the 2020s. “Chair Powell just announced another extreme interest rate hike while forecasting higher unemployment,” Warren tweeted. Bottom line: Powell continues to draw from the Volcker playbook, which means he’s unlikely to waver on the Fed’s target rate of 2% inflation, lest the central bank’s credibility take another blow. Only time will tell whether that 40-plus-year-old playbook still applies in an economy that’s fundamentally different from the one Volcker confronted. Trump also lied about the square footage of his Trump Tower triplex apartment to inflate the value at over $300 million, James alleges.

Search resuls for: "Jeff McConney"

21 mentions found