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(123,785 posts) Wed Apr 12, 2023, 04:08 PM Apr 2023

Trump Loses Again After Judge Says He Can't Hide Financial Docs From Investigators - Ring of Fire

Donald Trump suffered another major legal defeat this week after a judge ruled that he can NOT continue to shield his financial records from New York Attorney General Letitia James. Trump had moved his financial handling from Mazars to a firm in Texas in an attempt to use Texas' privacy laws to prevent investigators from looking at his documents, but the judge says that the move does not change the fact that he has to turn them over. This is a good indication that Trump had something worth hiding, as Ring of Fire's Farron Cousins explains.

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

Donald Trump has suffered yet another massive loss in court. This one actually happened l uh, late last week, when really nobody was paying attention. Everybody was gearing up for Easter. But what happened was that a judge ruled that Donald Trump's financial firm, the one that's holding all of his financial documents, you cannot continue hiding these documents from New York Attorney General Leticia James. Now, you may be wondering, well, wait a minute. Didn't the court already rule that Trump had to turn over his financial documents? Didn't Mazaks do that? Yes. And once that ruling, by the way, came out many, many months ago, Donald Trump and the Trump organization decided, okay, fine. We're gonna pull all of our financial business from Mazars and we're gonna put it down in this little Texas firm, Whitley Penn. And the reason they chose Whitley Penn down in Texas is because Texas has very strict privacy laws about financial records.

And once they moved it to Whitley pin, Whitley Pin then told New York Attorney General James, oh yeah, we can't give you that stuff. You know, this is our client. We've got confidentiality. I know the judge said Mazaks had to turn it over, but obviously, as you can see, we're not mazaks. We're we're totally separate group. So you can't have the information. And the judge late last week said, that's bull crap. Give this information as it is relevant to the investigation and had already been green lit to be given to the AG before it was moved, this is actually a fairly classic business move. And in fact, you know, fittingly in Texas, it is called the Texas Two step. We see it all the time with corporations when they get sued for billions of dollars, they create a new entity, they put all of the liability onto that entity, and then they're like, oh no, the thing you're suing has no money.

We have to file for bankruptcy. Now you don't get anything from your lawsuits. Uh, it's not, of course, identical to that, but it's the same scenario, right? Like, oh, you want my financial records from this place? And the judge says, you can get them, but no, they're no longer there. They're over here in this place and, oh, you can't touch this one. I'm so sorry. But if Mears has anything left over, I mean, sure you can have that. That's what Trump was trying to do. Now, I don't know about you, but in my opinion, that makes him look guilty as hell. The court had already said, you have to turn over all of your financial documents. You're being sued for 250 million by the Attorney general. And Trump says, well, I really don't want her to have these documents, so I'm gonna transfer them to a different accounting firm so that you can't get them. Does that sound like something somebody who's completely innocent would do? No, it

Does not. I don't care which side of the aisle you fall on, you look at somebody doing that, and your first thought, whether you wanna admit it or not, is that, wow, this person clearly has something to hide. That is exactly what I think that is the most likely scenario here. But it doesn't matter because the judge says you can't hide those documents anymore. Trump.