contacted these witnesses using encrypted apps and using a technique called foldering where he wrote e-mails, he saved the e-mails in a draft folder and never send them and then give another person the password so that other person could log in and read that the written draft that he wrote without that e-mail having been sent or received. it is a counter surveillance trick. so the prosecutors explain that that s what manafort has been doing to communicate. we didn t know that before this hearing today. but essentially they re spelling out how manafort has been trying to evade surveillance while he s been breaking the law and contacting witnesses while he s out on bail. here s greg andres, prosecutor from the special counsel s office. it s important to note as well, judge, that this issue with the obstruction of justice, the government didn t learn about that by somehow subpoenaing or monitoring or getting a search warrant for mr. manafort s communications. we learned about it because
when i look at the trump foundation s 990s it looks to me like business associates of the president were paying money into his foundation, perhaps in place of money that they owed some of his business entities. the impact of that is twofold. it means that, you know, those people who are paying the money to a 501-c-3 charitable organization get a deduction for making a charitable contribution that isn t real. and the entity that should have been picking up the income isn t picking up the income and paying tax on it. you ve got that set of problems. plus, on the political versus charitable contributions side, political contributions are not deductible. charitable contributions to a 501-c-3 are. and if you look at the list of donors that are listed on the trump foundation tax returns, the same names that are probably
cards in college, charging rates that banks would never charge. i m going to charge i had my the bp visa card, what s the interest rate? 28.2% 28% interest. isn t someone supposed to be. it s shocking actually. it s usury. illegal in other countries. why is it happening here and no one is saying anything? because people don t seem to have much of a choice these days. if you look at what hourly earnings have been, decade after decade after decade they have been growing at slower and slower pace. people are barely making ends meet. if you look at the past six out of the past seven months hourly earnings have actually been either flat or they have fallen. people aren t really making much money. then you look at spending. spend something still growing pretty fast. income isn t growing really fast. what are you going to do? take these credit cards and get desperate. tucker: this is an age old problem when the mafia
after decade after decade, they have been growingr at slower and slower pace. people are barely making ends meet. if you look at the past six out of the past seven months hourly earnings have actually been either flat or they have fallen. people aren t really making much money. then you look at spending. spending is still growing pretty fast. income isn t growing really fast.. what are you going to do? take these credit cards and gethe desperate. tucker: this is an age old problem, when the mafia used to do this in immigrant neighborhood, basically the exact same thing credit cards are doing. the feds cracked down on it and sent them to prison because you are not allowed d to do that, why do we let the credit card companies do the same thing? i think part of what we are seeing is that a lot ofe the financial services have been struggling to make money anywhere because we have had had interest rates pushed down so, so, so low. that doesn t give those banks much room to work to make
earnings have been, decade after decade after decade they have been growing at slower and slower pace. people are barely making ends meet. if you look at the past six out of the past seven months hourly earnings have actually been either flat or they have fallen. people aren t really making much money. then you look at spending. spend something still growing pretty fast. income isn t growing really fast. what are you going to do? take these credit cards and get desperate. tucker: this is an age old problem when the mafia used to do this in immigrant neighborhood basically the exact same thing credit cards are doing. the feds cracked down on it and sent them to prison because you are not allowed to do that why do we let the credit card companies do the same thing. i think part of what we are seeing is that a lot of the financial services have been struggling to make money everywhere because we have had had interest rates pushed down so, so, so low. that doesn t give those banks much