‘Impeachment Is Next,’ Says Senate Dem After Judge Voids Trump Slush Fund Settlement

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Article by Brett Wilkins republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

US President Donald Trump watches as Todd Blanche is sworn in as deputy US attorney general on March 5, 2025 in the White House in Washington, DC. (Photo by White House)

In a searing rebuke of Trump’s self-dealing lawsuit against the IRS, Judge Kathleen Williams wrote that “a court should not be a forum for a party that cynically views a lawsuit as a vehicle to achieve a predetermined outcome.”

A progressive US senator on Monday welcomed a federal judge’s ruling that found President Donald Trump’s $10 billion lawsuit against the Internal Revenue Service was an illegal act of self-dealing, while calling for the Republican to be impeached for a third time.

Trump and his two eldest sons, Donald Trump Jr. and Eric Trump, “acted in bad faith and for an improper purpose by ‘collusively filing a lawsuit with claims subject to multiple dispositive defenses solely to provide cover for a collusive settlement,’” US District Judge for the Southern District of Florida Kathleen Williams—who was appointed by former President Barack Obama—wrote in her 56-page ruling.

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Sen. Ed Markey (D-Mass.) called Williams’ order “a scalding, blistering judicial opinion calling out Trump’s sham litigation, striking down his corrupt IRS immunity, and holding his sycophant lawyers to account.”

“That’s a good start,” the senator said. “Impeachment is next.”

Finding that “sanctions are appropriate here,” Williams referred Trump’s personal attorney Alejandro Brito to the Florida Bar for “its consideration, review, and determination as to whether any disciplinary action is appropriate in light of the findings and rulings made in this order.”

Williams also banned another one of the president’s personal lawyers, Daniel Epstein—who is not related to Jeffrey Epstein, the late convicted child sex criminal and former close friend of Trump—from seeking admission to practice law in the Southern District of Florida for one year.

The judge further found that acting US Attorney General Todd Blanche’s “apparent capacity to speak for both plaintiffs and defendants, sign a ‘settlement’ document on behalf of all parties to this action, and then repudiate part of that agreement, demonstrates that there was only one party whose interests were being represented throughout this case.”

In January, Trump and his sons sued the Internal Revenue Service and US Treasury Department for $10 billion over the leak of the president’s tax returns by a former IRS contractor. Trump’s own Department of Justice (DOJ) then settled the case in May by agreeing to exempt the plaintiffs from future IRS audits and create a roughly $1.776 billion settlement slush fund for people claiming they were unfairly targeted by the government.

Beneficiaries of the so-called “Anti-Weaponization Fund” were expected to include January 6, 2021 Capitol insurrectionists, roughly 1,500 of whom were pardoned by Trump and dozens of whom have since been charged or convicted for serious crimes, including child sex crimes, rape, grand larceny, burglary, home invasion, gun violations, death threats against public officials, and fatal DUI incidents.

Blanche has signaled that the DOJ will no longer pursue the creation of the slush fund.

Williams wrote in her ruling that “certainly, a court should not be a forum for a party that cynically views a lawsuit as a vehicle to achieve a predetermined outcome: ‘I’m suing myself.”

“President Trump did not pursue his claims until he once again occupied the White House and had appointed his former lawyer, and the former lawyer of persons who are putative beneficiaries of the ‘Anti-Weaponization Fund,c’ to prominent positions in the DOJ,” she continued. “These officials then negotiated on behalf of the United States, with his current lawyers, including his former White House counsel, to reach a ‘settlement.’ It is risible to suggest that there was ever adverseness between the parties.”

“Even the fund amount—$1.776 billion—speaks of a ‘branding’ effort rather than a deliberate and thoughtful calculation of damages,” the judge added.

A spokesperson for Trump’s legal team responded to Monday’s order in a statement asserting that “the IRS wrongly allowed a rogue, politically motivated employee to leak private and confidential information about President Trump, his family, and the Trump Organization to The New York Times, ProPublica, and other left-wing news outlets, which was then illegally released to millions of people.”

“President Trump continues to hold those who wrong America and Americans accountable,” the statement added.

Defenders of the rule of law welcomed Monday’s ruling, with Robert Weissman and Lisa Gilbert, co-presidents of the consumer advocacy group Public Citizentaking a swipe at Trump’s “brilliant idea of suing the government he runs and resolving the lawsuit with the creation of an illegal and unconstitutional nearly $1.8 billion slush fund, paid for at taxpayer expense and likely to be distributed to January 6 insurrectionists, among others, as well with as an immunity deal protecting Trump and his family from IRS investigation.”

“Acting Attorney General Todd Blanche was a willing participant in this fraud on the court and the American people,” the pair added. “If the Senate needed an additional reason not to confirm Todd Blanche as attorney general, it just got it.”;

Article by Brett Wilkins republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

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Continue Reading‘Impeachment Is Next,’ Says Senate Dem After Judge Voids Trump Slush Fund Settlement

On Donald Trump: A man and his wealth

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Article by Karamo Muchuri Sulieman republished from People’s World under http://creativecommons.org/licenses/by-nc-nd/3.0/us/.

AP

U.S. Presidents have been known for their wealth. George Washington was one of the wealthiest men of his day and a slave owner. The vast estate of Mt. Vernon accounts for a considerable amount of wealth for his day. When the current price of land and livestock is added, it is difficult to ascertain. However, reliable sources say that George Washington’s assets upon entering the presidency, adjusted for inflation, were approximately $594 million in today’s money. About the only good thing one can say about this vast estate is that one part did not wish to be counted, and that was due to Ona Judge, who refused to be his slave and escaped to New Hampshire. They say Washington’s salary alone was approximately worth 2% of the national budget. In terms of relativity, it would amount to billions of dollars. 

Perhaps Donald Trump is a little better than George Washington. No, he did not dispatch the Secretary of the Treasury to bring back an escaped slave. Yet he presides over a nation with a minimum wage of $7.25, at a time when the average rent for a one-bedroom apartment ranges from $1,510 to $1,642. Many readers believe fast-food workers work 40  hours a week, when in reality many only work 30 hours, and some only work during lunch time for only 15 hours. Perhaps this is the modern-day version of chattel slavery. But reports vary: some say Trump’s personal fortune has risen from $1 billion to $4 billion. Some reporting estimates even more. 

In an article by Jenny Smyth, Trump entered his first term of office with a net worth of $2.3 billion, and now has a net worth of $6.5 billion. Perhaps it was due to his aggressive purloining of Venezuelan oil. If it didn’t go to China, it had to go somewhere, right? Maybe it was due to his sons, Donald Trump Jr. and Eric Trump, perfect management of his affairs… However, it seems that the President has used investment brokers. 

While Donald Trump, according to U.S. law, has every right to trade on the U.S. market, this right seems to smack of gross immorality given his enormous cuts to SNAP and social security. People are earning less, and with DEI on the President’s hit list, African Americans appear to be targeted for further wage cuts. He seems to have no respect for the law or humanity. He has increased the ferocity of the Cuban blockade and has threatened military action against her. I suppose Greenland had to make a deal. Trump appeared to make some political profit for his billionaire alliance. While, according to the Western media, he has not made any profit in Greenland,  his billionaire colleagues Bill Gates and Jeff Bezos have invested in Greenlandic mining operations. This is not nearly as lucrative as the gift of the luxury jet from the Qatar government. The opulent Boeing 747-8 will undergo modifications at L3Harris Technologies before entering service for presidential (Trump’s) use. The plane is said to be scheduled to make its debut on the Fourth of July in honor of the nation’s 250th birthday.

However, the president’s latest financial maneuvers have left a good portion of the public aghast. It seems the president has made active stock trades influenced, or at least guided, by his governmental decisions. According to Wion, the disclosures show around 3,600 to 3,700 stock and ETF transactions from January to March. The reported value of these transactions ranges from $220 milion to $750 million, all this while there is massive hunger and deprivation suffered by the working class—in particular minority groups—within the United States of America. 

Many of the stocks were made by the government for defense, government private contracts, and other concerns that required direct government involvement. For example, NBC News said in February and March that the president purchased stock seven times. On January 12, President Trump purchased  $100,000 to $250,000  worth of Oracle stock on the same day he finalized a U.S.-backed deal for a stake in TikTok.  From January through March, President Trump purchased DoorDash stock twelve times, around the same time he held an event with a DoorDash representative being praised at the White House. On January 6, the President purchased $500,000 of Nvidia Stock, and shortly after, on January 14, he approved a US-backed deal for Nvidia to sell chips to China. The president invested heavily in Palantir Industries, a defense contractor that builds AI-driven strategies for defense from “space to mud.” The stock has dropped 25% while the President has urged investors to buy on Truth Social. 

While the President has the right to purchase, the cry has grown louder for stricter controls to prevent insider trading and self-profit and gain by influential politicians. There is an imbalance in the system. The President cannot be allowed to make billions while many of his fellow Americans starve.

As with all op-eds published by People’s World, the views reflected here are those of the author.

We hope you appreciated this article. At People’s World, we believe news and information should be free and accessible to all, but we need your help. Our journalism is free of corporate influence and paywalls because we are totally reader-supported. Only you, our readers and supporters, make this possible. If you enjoy reading People’s World and the stories we bring you, please support our work by donating or becoming a monthly sustainer today. Thank you!

Article by Karamo Muchuri Sulieman republished from People’s World under http://creativecommons.org/licenses/by-nc-nd/3.0/us/.

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Continue ReadingOn Donald Trump: A man and his wealth

Crypto Billionaire Trump Already ‘Cashing In On the Presidency’ With Meme Coin

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Original article by Jessica Corbett republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

A smartphone displays a post from U.S. President-elect Donald Trump’s Truth account announcing the $TRUMP meme coin on January 19, 2025. (Photo: Jonathan Raa/NurPhoto via Getty Images)

“We now have a president-elect who, the weekend before inauguration, is launching new businesses along with promises to deregulate… those sectors in a way to just blatantly profit off his own presidency.”

U.S. President-elect Donald Trump faced a flood of criticism throughout the weekend for launching a cryptocurrency token as the world prepared for his Monday inauguration and policies expected to benefit the industry that helped Republicans take control of the White House and Congress.

“It is literally cashing in on the presidency—creating a financial instrument so people can transfer money to the president’s family in connection with his office,” Campaign Legal Center executive director Adav Noti told The New York Times. “It is beyond unprecedented.”

Jordan Libowitz, vice president for communications at Citizens for Responsibility and Ethics in Washington, also contrasted Trump’s move with behaviors of past presidents, telling Politico, “It is absolutely wild.”

“After decades of seeing presidents-elect spend the time leading up to inauguration separating themselves from their finances to show that they don’t have any conflicts of interest, we now have a president-elect who, the weekend before inauguration, is launching new businesses along with promises to deregulate… those sectors in a way to just blatantly profit off his own presidency,” said Libowitz.

https://twitter.com/whstancil/status/1881005512747352434?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1881005512747352434%7Ctwgr%5E5d0187f964e4802a668c879d924cde5449ffac86%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.commondreams.org%2Fnews%2Ftrump-crypto

The president-elected announced the $TRUMP meme coin, hosted on the Solana blockchain, via his Truth social media platform and X—owned by Elon Musk, his ally and the richest person on the planet—on Friday, declaring that “it’s time to celebrate everything we stand for: WINNING!”

He linked to a website that explains “there are 200 million $TRUMP available on day one and will grow to a total of 1 billion $TRUMP over three years.” It also states that “Trump Memes are intended to function as an expression of support for, and engagement with, the ideals and beliefs embodied by the symbol ‘$TRUMP’ and the associated artwork, and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type.”

Forbes reported that “the remaining 80% of tokens that have yet to be publicly released are owned by the Trump Organization affiliate CIC Digital LLC and Fight Fight Fight LLC, a company formed in Delaware on January 7, according to state filings, and both companies will receive an undisclosed amount of revenue derived from trading activity.”

The president-elect’s son Eric Trump, who helps run Trump Organization, told the Times that “this is just the beginning.”

“I am extremely proud of what we continue to accomplish in crypto,” he said in a statement. “$TRUMP is currently the hottest digital meme on Earth.”

In an article simply headlined, “Donald Trump, crypto billionaire,” Axios noted that by Sunday morning, “Trump’s crypto holdings were worth as much as $58 billion on paper, enough—with his other assets—to make him one of the world’s 25 richest people.”

https://twitter.com/mehdirhasan/status/1881043436226171104?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1881043436226171104%7Ctwgr%5E5d0187f964e4802a668c879d924cde5449ffac86%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.commondreams.org%2Fnews%2Ftrump-crypto

Responding to Axios‘ report, Wa’el Alzayat, who served as a Middle East policy expert at the U.S. Department of State for a decade, said that “when I was in government I couldn’t accept a lunch over $20. Now anyone can give our next president millions.”

Predicting that “this is going to end VERY badly for everyone except Donald Trump and his cronies,” journalist Jeff St. John said that “it is a scandal and an outrage.”

The meme coin announcement came as “the elite of the crypto world” gathered in Washington, D.C. for the first-ever Crypto Ball.

The president-elect did not attend the event, but House Speaker Mike Johnson (R-La.) and the nominees for commerce and treasury secretary, Howard Lutnick and Scott Bessent, were there. Reporting on the gala, Reuters pointed out that the Trump “courted crypto campaign cash with promises to be a ‘crypto president,’ and is expected next week to issue executive orders aimed at reducing crypto regulatory roadblocks and promoting widespread adoption of digital assets.”

Trump is no stranger to ethics scandals. As Mother Jones detailed:

The meme coin is just the latest in a bizarre line of grifty, super-weird takes on “merch.” Last February, Trump showed off gold “Never Surrender High-Tops” for $399 at Sneaker Con, which had Fox News applauding his appeal to Black voters. In March, he began endorsing the $59.99 “God Bless the USA Bible,” which includes the Constitution, the Bill of Rights, and handwritten lyrics to the chorus of Lee Greenwood’s “God Bless the USA.” (Trump’s inaugural committee has confirmed that he will not be using one of these Bibles to swear the presidential oath of office on Monday.) In August, Trump released a new round of his “baseball card” NFTs.

S.V. Dáte, a senior White House correspondent at HuffPosthighlighted Sunday that during the Republican’s first term, “Trump’s D.C. hotel was a convenient way for foreign and domestic lobbyists to put cash directly into his pocket.”

“This crypto thing is next level. Anyone on the planet can put money directly into his pocket. Huge,” Dáte added. “The efficiency here is a thing of beauty. With a hotel, you have all the costs of owning the property as well as paying cleaning staff, front desk staff, and so on. This selling of fake money is almost pure profit.”

The Trump Organization sold the D.C. hotel in 2022, but The Wall Street Journal reported earlier this month that his “real estate company is in talks to reclaim” the property.

Original article by Jessica Corbett republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

Continue ReadingCrypto Billionaire Trump Already ‘Cashing In On the Presidency’ With Meme Coin