Whither the Trump Org?

Created
Fri, 10/03/2023 - 10:30
Updated
Fri, 10/03/2023 - 10:30
Nobody knows how the company is doing right now It appears that Trump is getting shady financing from some rich guy in San Diego who owns an online bank. I’m sure he won’t need anything in return should Trump become president again so this is all perfectly fine. The Trump Organization says it ended a tumultuous 2022 without telling anyone outside the company how business is doing—a claim that, if believed, could be an indication of its looming financial difficulties in the face of a tsunami of legal trouble. In practical terms, however, the claim also keeps New York state investigators from getting a clear picture of whether the real estate firm has continued lying to banks about its property values, even as investigators barrel toward a trial that could kill off the Trump Organization. The disclosure about how the Trumps haven’t made any financial statements to banks or accounting firms was made in a Feb. 3 letter written by a retired judge tasked with babysitting the Trumps’ real estate empire, in a document that was made public in court filings last week. The Trumps “have not provided a 2022 statement of financial condition to any third parties, and do not intend to do so,” Barbara S. Jones, a former federal judge now in private practice, wrote to the state judge who appointed her. She’s referring to the same type of financial record that has the Trump Organization in hot water now, given that former President Donald Trump issued so many of…