Tuesday, October 30, 2018

Trump Family Crime Ring-- A RICO Suit For Scamming

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A poll we talked about earlier, from the Public Religion Research Institute found that a majority of Americans say there is nothing that Señor Trumpanzee could do to change their opinions of him. More than four in ten (46%) say they disapprove of Trump’s job performance and that there is nothing he could do to win their approval, while 14% say they approve of Trump and that there is nothing he could do to lose their approval. Nearly four in ten (37%) Republicans say they approve of the president and that there is nothing he can do to lose their support. A slim majority (51%) of Republicans approve of Trump but say there is something he could do lose their approval." Everyone knows he's a liar, a thief and a cheat, so I assume the latest news reports on him and his family's latest investment scandals aren't going to change any minds. Still, Trumpanzee and his three eldest children were "named in a proposed class-action lawsuit accusing the family of targeting working-class Americans with investment scams. The suit was filed Monday in federal court in New York by four individuals who say they represent thousands of other victims.


The Trumps spent more than a decade operating a large and complex enterprise designed to cheat needy people seeking to invest in their education or start a business, according to the complaint. Victims lost hundreds or thousands of dollars each-- “losses that many experienced as devastating and life-altering,” according to the complaint.

...In the proposed class-action complaint, the Trumps are accused of helping to lure investors to a multi-level marketing company called ACN Inc., which allegedly promised business opportunities with little risk and was widely promoted on Trump’s The Celebrity Apprentice.

ACN’s flagship product was a “doomed” desktop video phone that could only connect calls between two ACN customers and which was quickly eclipsed by services like Skype and the advent of smartphones, according to the complaint.

From 2005 to 2015, Trump endorsed ACN in exchange for millions of dollars in "secret payments," despite telling prospective investors that his endorsement was "not for any money," the suit claims. Trump said in promotions that participants have a "great opportunity" without "any of the risks most entrepreneurs have to take," according to the complaint.

ACN was "massively boosted" after being featured on Trump’s reality-TV show, while ACN made it "crystal clear" that Trump’s endorsement helped attract investors and customers alike, according to the suit.

ACN paid Trump $1.35 million for three separate speeches in May and June of 2014 and February of the following year, according to his 2015 federal financial disclosure form.
Read this and you'll know how Trump is handling the new RICO suit and attendant accusations:


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