TD Ameritrade.
>>> TIME FOR MONEY, POWER, POLITICS.
POLITICS. THAT STUNNING "NEW YORK TIMES"
VAEGS IMPLICATING PRESIDENT
TRUMP AND HIS FAMILY IN
QUESTIONABLE TAX SCHEMES IS
RAISING EVEN MORE QUESTIONS
ABOUT HIS SISTER, MARY ANN TRUMP
BERRY IS A SENIOR JUDGE ON THE
U.S. COURT OF APPEALS IN
PHILADELPHIA.
PHILADELPHIA. SHE DOES NOT ACTIVELY HEAR CASES
ANYMORE.
ANYMORE. "THE TIMES" REPORT DESCRIBES
BERRY AS PRESENT DURING 2003
MEETINGS AT TRUMP TOWER.
QUOTE, FOR ONE OF THEIR PERIODIC
UPDATES ON THEIR INHERITED
EMPIRE WITH THE SIBLINGS AND
ALLEN WEISSELBERG, THE TRUMP
ORGANIZATION’S CFO.
ORGANIZATION’S CFO. DO NOT FORGET, WEISSELBERG WAS
RECENTLY GRANTED IMMUNITY BY
FEDERAL AUTHORITIES
FEDERAL AUTHORITIES INVESTIGATING TRUMP’S FORMER
PERSONAL ATTORNEY MICHAEL COHEN.
NOW BACK TO THE PRESIDENT’S
SISTER.
SISTER. "THE TIMES" INVESTIGATION
ALLEGES SHE OFFERED LEGAL ADVICE
TO HER FATHER AND ACCORDING TO
THE CODE OF CONDUCT FOR FEDERAL
JUDGES, QUOTE, A JUDGE SHOULD
NOT PRACTICE LAW AND SHOULD NOT
SERVE AS A FAMILY MEMBER’S
LAWYER IN ANY FORUM.
A JUDGE MAY, HOWEVER, WITHOUT
COMPENSATION, GIVE LEGAL ADVICE
TO A MEMBER OF THE JUDGE’S
FAMILY.
FAMILY. SO THE KEY QUESTION IS, DID
BERRY RECEIVE COMPENSATION IN
EXCHANGE FOR HER LEGAL ADVICE?
JOINING ME NOW, CNBC CONTRIBUTOR
AND CHIEF ECONOMIC CORRESPONDENT
FOR POLITICO BENO’BRIEN, AN MSNB
CONTRIBUTOR, BLOOMBERG OPINION,
A MAN NAMED IN THIS ARTICLE.
A QUICK SHOUT-OUT, TONY SCHWARTZ
SAID ON TWITTER LAST NIGHT HE’S
STUNNED AND DISAPPOINTED THAT
MORE JOURNALISTS AREN’T FOCUSED
ON THIS STORY.
TUNE IN, WE’RE COVERING IT.
TIM, FIRST OF ALL, PRESIDENT
TRUMP’S SISTER, WHY DON’T YOU
WALK US THROUGH HOW SHE BECAME A
JUDGE?
JUDGE? >> RIGHT, SO THIS IS THE LONG
ARM AND LONG SHADOW OF ROY COEN.
THE TRUMPS LOOKED TO ROY COHEN
WHO HAD A VERY CLOSE
RELATIONSHIP WITH REAGAN, AND
GOT HER THE PRESIDENT’S
ATTENTION AND THAT’S HOW SHE GOT
THE APPOINTMENT.
THE APPOINTMENT. ONE MORE REASON WHY THE TRUMP
FAMILY SEEMS SO BEHOLDEN TO ROY
COHEN.
COHEN. THE ISSUE OF BERRY GIVING
LEGAL --
LEGAL -- >> SO HER NAME IS MARY ANN
BERRY?
BERRY? >> MARY ANN, YES.
>> I WAS LIKE WHAT.
>> YES.
>> YES. YOU KNOW, SHE ACTUALLY DID WELL
BY HER FATHER.
LET’S RECALL IN THIS ARTICLE WHY
SHE GAVE HER FATHER ADVICE.
DONALD TRUMP HAD A TACHED A COD
SILL TO FRED TRUMP’S WILL THAT
WOULD HAVE GIVEN DONALD CONTROL
OF THE FAMILY ESTATE.
>> SO WHILE HIS FATHER --
>> SO HIS FATHER, YOU KNOW, AT
THE END OF HIS LIFE, HE’S
STARTING TO LOSE IT A LITTLE
BIT, AND HE EVENTUALLY WENT
FULL-BOARD DEMENTIA.
FULL-BOARD DEMENTIA. >> AND TRUMP TRIES TO GUT THE
WILL TO SCREW HIS BROTHERS AND
SISTERS?
SISTERS? >> AND HIS FATHER, OKAY.
SO REMEMBER THAT THIS IS YET
ANOTHER EXAMPLE OF HOW DONALD
TRUMP ROLLS.
TRUMP ROLLS. FRED TRUMP IS STILL ALERT ENOUGH
WHEN HE SEES THIS COD SILLACIL I
FRONT OF HIM.
HE GOES TO MARY ANN.
SHE TOLD HIM TO GET ANOTHER
ESTATE LAWYER.
ESTATE LAWYER. THEY REDRAFTED THE WILL AND GOT
RID OF THE CODECIL.
WHEN FATHERS ARE IN TROUBLE,
THEY SHOULD GO TO THEIR FATHERS,
NOT THEIR SON.
>> IF YOUR SON IS DONALD TRUMP.
STUNNING, BECAUSE SARAH HUCKABEE
SANDERS WHO SAID THIS STORY WAS
BORING.
BORING. IT’S RIVETING.
IT’S RIVETING. THE WHOLE POINT WAS FRED TRUMP
HAD SO MUCH CONFIDENCE AND FAITH
IN HIS SON.
BALONEY.
BALONEY. HIS SON WAS TRYING TO GUT THIS
THING.
THING. BEN, YOU POINT OUT ONE ANGLE
THAT YOU THINK THE TRUMPS COULD
END UP OWING THE TAX MAN 400
MILLION BUCKS.
MILLION BUCKS. >> YES.
>> YES. >> THAT’S A BIG NUT.
>> IT’S A BIG NUT.
IT’S QUITE POSSIBLE.
THE CRIMINAL LIABILITY IS
PROBABLY RUN BECAUSE THE STATUTE
OF LIMITATIONINGS.
OF LIMITATIONINGS. BUT THEY CAN STILL LOOK AT THE
UNDERVALUING OF ASSETS, ALL
THESE VARIOUS TAX DODGES.
AND SAY, LOOK, AT THE TIME, YOU
PAID WAY TOO LITTLE.
THERE’S 200 MILLION OWED, PLUS
PENALTIES AND INTEREST.
THEY COULD CERTAINLY ATTEMPT TO
RECOUP THAT MONEY.
TAKE A LONG TIME AND A LOT OF
DISCOVERY AND ALL THESE OTHER
THINGS.
THINGS. BUT THAT’S A HUGE AMOUNT OF
MONEY THAT TRUMP MIGHT HAVE TO
RIGHT.
RIGHT. HE IS, IN FACT, MOST LIABLE,
BECAUSE HE IS THE ONE SIGNING
OFF ON A LOT OF THESE DOCUMENTS
AND WAS THE EXECUTOR OF THE
ESTATE SO HE COULD BE ON THE
HOOK FOR A HUGE AMOUNT.
>> YOU KNOW FIRSTHAND, PRESIDENT
TRUMP, HE DOESN’T LIKE
DISCOVERY.
DISCOVERY. TIM, YOU POINTED OUT THAT THE
BIGGEST STANDOUT IN THIS ARTICLE
WAS A COMPANY CALLED ALL COUNTY
BUILDING SUPPLY AND MAINTENANCE.
WHY IS THIS SUCH A BIG DEAL?
>> ODDLY LYLY NAMED LITTLE COMPA
WAS USED BY THE TRUMP FAMILY TO
HANDLE PAPERWORK ASSOCIATED WITH
PURCHASES FOR THEIR BUILDINGS.
THEY ADDED MARKUPS FOR THEIR
EXPENSES.
EXPENSES. THEY DID THAT SO YOU WOULD HAVE
TO PAY LESS ON INCOME TAXES ON
THE MONEY THE PROPERTIES WERE
EARNING.
EARNING. THE DIFFERENTIAL BETWEEN WHAT
THEY PAID FOR EQUIPMENT AND
OTHER THINGS FOR THEIR BUILDINGS
AND OTHER PROPERTIES AND THE
MARKUP WENT INTO THE CHILDREN’S
POCKETS.
POCKETS. THIS IS NOT A NEW PHENOMENON FOR
THAT FAMILY.
THAT FAMILY. FRED TRUMP SPENT DECADES AS A
BUILDER, OVERBILLING THE FEDERAL
GOVERNMENT FOR FEDERALLY
SUBSIDIZED HOUSING.
SUBSIDIZED HOUSING. >> OVERBILLING THE FEDERAL
GOVERNMENT FOR HOUSING UNITS
THAT OFTENTIMES LOW AND MIDDLE
INCOME PEOPLE NEEDED.
>> THEY WERE SUBSIDIZED BY THE
FEDERAL GOVERNMENT IN ORDER TO
MAKE THEM AFFORDABLE FOR LOW AND
MIDDLE INCOME RENTERS.
TRUMP WAS BILKING THE VERY
PROGRAM THAT HELPED MAKE HIM A
BILLIONAIRE.
BILLIONAIRE. >> ALSO, ACCORDING TO THAT
ARTICLE, USING THOSE INFLATED
COSTS, THOSE INFLATED PAYMENTS,
FOR MAINTENANCE ON THE BUILDINGS
TO RAISE RENTS ON RENT
STABILIZED PEOPLE.
STABILIZED PEOPLE. ESSENTIALLY SAYING WE’RE
ACTUALLY PAYING ALL THIS EXTRA
MONEY WHEN IT’S GOING INTO THE
POCKETS OF THE KIDS, USING THAT
AS AN EXCUSE TO RAISE PEOPLE’S
RENTS.
RENTS. >> IT’S SO --
>> THIS IS TRULY SICK.
BUT WHAT COMES OF IT?
>> I DON’T THINK HE’S GOING TO
HAVE ANY CRIMINAL LIABILITY.
ON WHATEVER DAMAGES THEY IMPOSE
ON HIM FINANCIALLY FOR THE
CIVIL, THERE’S GOING TO BE A
REAL PROBLEM WITH THEM BILLION A
FACT PATTERN AGAINST TRUMP’S
LAWYERS THAT WILL ALLOW THEM TO
DO THAT.
DO THAT. >> AND IS KELLYANNE CONWAY
RIGHT?
RIGHT? SHE LOOKED AT THE CAMERA AND
SAID DON’T YOU KNOW, TRUMP
ALWAYS GETS THE LAST LAUGH.
>> I DON’T EVEN KNOW WHAT THAT’S
SUPPOSED TO MEAN.
>> HERE’S WHAT IT’S SUPPOSED TO
MEAN.
MEAN. HE STILL LIVES IN THE WHITE
HOUSE.
HOUSE. >> WELL, AND SHE’S SPEAKING --
>> RENT FREE, JUST LIKE HE
LIKES.
LIKES. >> MAYBE HE GETS THE LAST LAUGH,
I DON’T KNOW.
IF PEOPLE DECIDE OVER THE LONGER
TERM THIS GUY’S ENTIRE BACK
STORY, ENTIRE HISTORY IS, YOU
KNOW, COMPLETE FABRICATION AND
HE’S A FABULOUS CARNIVAL BARKER
AND HIS HISTORY IS FAKE, YOU
KNOW, MAYBE THAT MATTERS IN 2020
TO INDEPENDENT VOTERS WHO SAY I
LIKE THIS GUY AS A BUSINESS MAN.
MAYBE HE WAS A CRAP BUSINESSMAN
AND A SHEISTER.