Transcripts For CNNW CNN 20240703 : comparemela.com

Transcripts For CNNW CNN 20240703

Court for donald trump. Yes, he is the clear front runner in the race for the white house, hes neck and neck with joe biden, according to polling, but now, a new york judge says the candidate and his adult sons are all also now liable for fraud. Saying that they gave false Financial Statements for years, committing fraud over, and over again, by inflating the value of their assets. Now, news flash, this is the man who could be running the country if the election, of course, goes his way. On top of, as you know, for criminal indictment as well. Just when you thought the circus on the hill could not get any wilder, well, you have matt gaetz again, issuing, this time, new threats to mccarthys speakership. Senators are working together to have a backup plan, of course, and mccarthy is saying that there is a plan, but they wont actually vote on it until friday. Mind you, the Government Shutdown happens at 11 59 pm this saturday, if they are unable to avert it. And there is a heartbreaking story that is near and dear to my heart, A Young Black Girl ignored as all the white girls around her are given metals at a Gymnastics Competition in ireland. What if it was your daughter, or mom, who is now a gymnast . The video has gone viral. And even simone biles says that it broke her heart. I want to begin now with major legal trouble for the former president tonight, this time, in the new York Attorney Generals Civil Case against donald trump, and his family business. A Judge Finding that trump and his adult sons are liable for fraud. Also, canceling the business certifications of the trump organization. That move alone deals a major blow to the former president , and of course, his businesses. Joining me now to discuss, legal analyst, norm eisen, and former Trump White House associate counsel, may neil men. Glad to have both of you guys here. I want to begin with you, norm, on this, because this is so significant. This was a Summary Judgment motion. Taking a step back, tell us what that means. And why its significant. Laura, when you do a civil case, there are various offramps that can benefit the plaintive, whoever is bringing the civil case, or the defendant, whoever is being sued. In this case, you have the state of new york representing by the very tough attorney general, tish james. State of new york is the plaintive. Donald trump and a variety of his Family Members and his businesses are the defendants, the allegation, very similar to the allegations weve seen from special counsel jack smith, or from d. A. Fani willis in georgia, fraud. Not election fraud, alleged, here are the allegations were business fraud. That trump, over and over again, he said his apartment was three times as large as it was, to get loans, and insurance. His residence at seven springs, his maralago estate, allegedly, exaggerated. All over assets. That is the allegation. Both theater need general and donald trump tried for Summary Judgment before the judge in new york. And the judge granted Summary Judgment to the attorney general, and said, theres no question, donald trump inflated these properties. There is nothing. What it means, theres nothing for us to argue about at trial. This is settled. Also denied Donald Trumps effort to get Summary Judgment. So we are going to have a number of other charges that will be tried, and various damages. Discouragement, how much money trump is going to have to give up, that is going to be tried as well. So important, may, we think about, it the Summary Judgment, essentially a judge saying, listen, you only have to go for a fact finder. The jury, if theres some factual dispute or that might actually resolve. In this case, he said the facts were so strong that there was no need to actually go to a jury on the specific aspects of it. But i cant help but wonder how this is going to play, politically. Because of course, it was led by tish james, who was criticized by the trump family, specifically, for having campaigned on trying to bring them down. How do you see it . I almost feel bad for the new York Attorney general. Because she did want to make a name for herself for being the aggressive trump prosecutor, only to be out shauna by a local Fulton County d. A. This was going to be her moment, and maybe not. Politically, its tough to say. Because we are dealing with trump. So you really never know. Also, Summary Judgment emotions are appealable. I expect that to be appealed. I think, in trump world, the thing that people are going to take away is that this judge was so trump unfriendly, if it was really hard for him to mask. The opinion he finds the lawyers for bringing legal arguments, saying ive already considered these legal arguments. Yay, you did, at a motion to dismiss stage. They are different under a different standard of review. Just the anger and animosity i think really shines through this opinion. I think that is going to speak a lot to trump world, and the get Trump Witch Hunt aspect that he really likes to play up. He does play that up, norm, but of course, judges are not always known to be the most pleasant when they have had to resolve an issue more than once. Even in different stages. But this is a move familiar playbook to say that the judiciary is against a particular person who comes out on the losing side. But to mays point, this is appealable. There are going to be issues that they can in fact appeal. What do you see as those arguments . While the arguments about the sanctions on the lawyers are not going to succeed on appeal. Because these lawyers were repeatedly arguing that you can describe a 11,000 square foot apartment as a 30,000 foot square foot apartment. They actually said, well, Square Footage is not objective. If theres anything thats objective in the world, laura, youve got a ruler. Okay, that is the definition of objective. Its the same way with these crazy valuations that they were pushing. Seven springs, the maximum valuation, usually 30 million, one year, 56 million. They argued that it was legit to have a 292 Million Dollar valuation. That is a 400 increase. These kinds of increases, the judge warned him, he told him, he was gonna come after them, i think theyre lucky, the sanctions were a little over 7,000 per lawyer. In some of the other trump cases, and the sanctions against Trump Lawyers have been much greater. In terms of appeal, the judge applied the quasicorporate Death Penalty for him. Hes yanking those certificates that you need to do distanced in new york. So its done, they cannot operate at all . Well, if there is no state pending appeal. And if it was withstands its not as simple as that, he says were going to appoint a receiver. Its like a bankruptcy, like a Chapter Seven bankruptcy. Somebody is going to be put in charge of these businesses, and figure at how to liquidate them. They are going to sell the properties. They are going to collect the rents. They are going to manage the businesses. So, it was a very, very broad decertification, taking the certifications wearing. Not just the companies that issue here. But any other entities controlled or been officially owned by Donald J Trump and the Family Members lose their certificate of Doing Business. I think it will withstand appeal but it thats going to be a point of attack. May, to that point, when people first learned about this, most people know donald trump, it really is the brand before it was the president of the United States, and before it is who he is now, seeking reelection, as you well know. Although you are in the white house his counsel. He has been taking to truth social. He is responding to what he sees. One post saying, quote, they didnt even look at my most valuable asset. They didnt even include my most valuable asset. My brand. But that really come into play in the fraud being discussed here . So, i think it should. A couple of things. I think the lawyers were trying to make a couple of arguments. Its not to say that 30,000 means 3000. Their arguments were, one, the new york Tourney General has power on behalf of the state. And here, this state was not defrauded. In fact, there werent really parties defrauded. The banks werent defrauded. They set the interest rates. They got their interest. They made money. To, was that the value of the assets, a couple of things, there was a disclaimer saying this is what im saying, you, the bank, do your homework. You value them however you want. But also, yes, i am a very famous person. People would like to buy my properties. They value my properties. They trust my brand. That is true. That is something that happens in business. Maybe to the extent that trump said, probably not. But that is sort of inflation is not foreign to the corporate real estate world. Yet, the judge on that point about the disclaimer, the judge was very, very not impressed, at all, with the idea of having a disclaimer suggest hey, dont take my word for it, do your own homework. These disclaimers in the judges mind were something that was worthless, to talk about as a way to include in the evaluation of thanks. Its interesting to think about that brand, politically, norm, as well. Because, as may is alluding to, you are talking about the brand. He has made, this campaign was about being a successful, savvy, very wealthy businessman. Now, in new york, which of course hes already walked away from, he lives in florida now, hes not a resident of new york any longer, that is impacting how he may be able to present himself. But also, talk to us why its only the suns, the adult sons here . Ivankas case was dismissed back in june. That is because, at that relevant time period, the case was shortened for statute of limitations agreements. Reasons. And there is a Tolling Agreement that affects the time period. The court found on appeal that in the relevant time period, ivanka was not yet an officer of the companys. She was not responsible at that time. I think, in terms of trumps brand, that is not an excuse for some of these arguments that were made. His brand is besides the point, here. You are not to maze questions about the socalled worthless clause, the disclaimers, that were included in these Financial Statements. It doesnt say i have it here. You can read it, up and down, it doesnt say i will lie to you. I will double or triple the value of these my statements in here are outright lies. The judge says that the worthless clause is just that. Worthless to donald trump. Then, on this argument that it didnt hurt the lenders or the insurance companies, thats not the way the law works. You know this well. You were a prosecutor here in d. C. If i shootout somebody, and i happen to miss, my fraud it doesnt work, you still get prosecuted, even though you miss. Its dangerous to lie. The judge makes that point. New york law doesnt care about the loss, or the gain, in the end. What they care about is people who do business in new york have to be truthful. They cant have a persistent pattern of major frauds. That is what the judge found today in ruling for dea, for the a. G. In new york. Real quick, may, there is supposed to be a civil trial beginning on monday, of course, this was all done at this point, now, or is there more to come . Well, they dont even know whether the trial is actually going to start on monday. It still could get pushed back. Like i said, i think you are going to see appeal, after appeal. And, its a little bit unclear what the effect is of pulling his business certificates. Does he have to cease Doing Business . What happens next . There are a lot of Unanswered Questions right now. But i do think your latest correct, in that it was not a good day for donald trump. Thank you, may, my leads are always correct. Thank you so much for joining us tonight. Norm eisen, may mailman, nice to see you both. Tonight, everyone, more than a third of democrats in the u. S. Senate are calling on look at this, they are calling on Senator Menendez to resign. Remember yesterday . This list was not even a full column. Now, look at it. Of course, the floodgates open when senator cory booker, the junior senator from new jersey, stepped in. They are calling on him to resign now, menendezs wife, nadine, are expected to appear in court in the morning. For the bribery charges. Of course, he is presumed innocent until proven guilty. Cnns chief Law Enforcement and Intelligence Analyst says, john miller, says this case raises some questions for u. S. Intelligence. John miller joins me now. John, im glad that youre with me tonight. Weve been talking a lot about the gold bars and the amount of money that was found. And all of the allegations contained in this indictment. There is a big Elephant In The Room that is not really being addressed. I know youve had a lot to say about this. Because it all centered around a new jersey born egyptian businessman. The question you had is, did the Egyptian Government, the government itself, target and influential u. S. Senator to be a, kind of, mark . Connect these dots. Its interesting, laura, because you cant find the connectors for these dots in the indictment. But you can find the dots. Youve got will hannah, the new jerseybased Adoption American businessman, who is meeting with the chairman of the Senate Foreign Relations Committee, bringing together egyptian intelligence officials. Adoption military officers, adoption government officials, and getting deals done to unfreeze aid to egypt that had been put on hold by the state department. And release weapons that was destined to be delivered, that was also on hold. So, he is doing these things, in the interest of the Egyptian Government, as is alleged in the indictment. Hes innocent until proven guilty. But, then one has to ask, why . Is he just somebody who is doing this out of the goodness of his heart . Is it because he got a monopoly to be the clearer for halal beef being shipped to that country to Great Prophet . Or is there something more . The question that is on the table, laura, is is it possible that they could have actually been using the chairman of the Senate Foreign Relations Committee as an egyptian asset in term return for broad money being funneled into a businessman without the Intelligence Services who attended some of these meetings not knowing about it . It sounds unlikely. Answer that question for us though, i mean the idea, i know its rhetorical in part, but you are intimating something pretty significant about the unlikelihood that the Egyptian Government would have no idea this was happening. As well as the fact that it really does put a huge spotlight on Senator Menendez as particularly susceptible. And amenable to this. If you think about it, and im speaking as someone who worked in the fbi, who was familiar with counterintelligence operations, as someone who worked in the director of national intelligence, and nypds intelligence bureau. What you are looking for, as an intelligence officer, is what asset . What source can you recruit . How can you compromise that person. Do they have a propensity towards corruption . Can you fulfill a need or exploited a weakness . And where you have a u. S. Senator who has received a lot of publicity for being charged in a corruption case, it was a hung jury, the rest of the charges were dropped. He surfaced in another investigation before that one. It doesnt produce the kind of vulnerabilities that could be attractive to a foreign intelligence service, especially if they have a way in. Consider this, laura, well hannah, the new jersey businessman, was friends for years with nadine are slaney in, before she suddenly started dating Senator Menendez. Then became his wife. During that period of years, 2018, 2019, all the way up through a recent times, according to the indictment, she was the middle person, the broker who put together the meetings between the businessman and the egyptian officials. Thats a lot of coincidences. One other thing. There is a case involving a businessman, Vice President of a bank, name is pure gorgeous, charged last year in Adoption American who was allegedly trying to infiltrate u. S. Law enforcement, and recruit u. S. Law enforcement. Including nypd officers to get information on egyptian dissidents on u. S. Soil. He was charged with being an unregistered agent of the Egyptian Government. Something very interesting, buried in those court papers, was an assertion that there are nine egyptian operatives aimed at cultivating and witching assets and recruiting them to carry out the interest of the Egyptian Government. Its interesting that someone who was trying to recruit Law Enforcement to get confidential information is charged as an agent of t

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