>>> IT WAS MY EXPERIENCE THAT MR. TRUMP INFLATED HIS TOTAL
ASSETS WHEN IT SERVED HIS
PURPOSES, SUCH AS TRYING TO BE
LISTED AMONGST THE WEALTHIEST
PEOPLE IN "FORBES" AND DEFLATED
HIS ASSETS TO REDUCE HIS REAL
ESTATE TAXES.
ESTATE TAXES. >> FOLLOW THE MONEY.
IT’S ONE OF THE OLDEST RULES OF
THE ROAD FOR UNDERSTANDING ANY
INVESTIGATION INTO FRAUD OR
CORRUPTION.
CORRUPTION. WHEN IT COMES TO DONALD TRUMP,
IT’S PROVING FERTILE GROUND.
"THE WASHINGTON POST" OUT WITH A
REPORT TODAY OF EXAGGERATING HIS
POSSIBLE WEALTH.
POSSIBLE WEALTH. WHEN DONALD TRUMP WANTED MAKE AN
IMPRESSION ON A LENDER, BUSINESS
PARTNER OR JOURNALIST, HE
SOMETIMES SENT THEM OFFICIAL
LOOKING DOCUMENTS CALLED
STATEMENT OF FINANCIAL
CONDITION.
CONDITION. THESE DOCUMENTS SOMETIMES RAN UP
TO 20 PAGES.
THEY WERE FULL OF NUMBERS LAYING
OUT TRUMP’S PROPERTIES, DEBTS
AND MULTI BILLION NET WORTH.
BUT FOR SOMEONE TRYING TO GET A
TRUE PICTURE OF TRUMP’S NET
WORTH, THE DOCUMENTS WERE DEEPLY
FLAWED, SOME SIMPLY OMITTED
PROPERTIES THAT CARRIED BIG
DEBTS.
DEBTS. SOME ASSETS WERE OVERVALUED AND
SOME KEY NUMBERS WERE WRONG.
HERE’S THE KIND OF KEY NUMBERS
WE’RE TALKING ABOUT.
TRUMP AT ONE POINT ADDED TEN
STORIES ON TOP OF TRUMP STORY.
HE SAID THERE WERE 68 FLOORS
WHEN THERE ARE IN FACT 58.
HE SLAPPED AN EXTRA 800 ACRES ON
HIS WINERY IN VIRGINIA AND HIS
FINANCIAL STATEMENTS IN 2011
EXAGGERATED THE NUMBER OF HOME
LOTS READY TO SELL AT HIS GOLF
COURSE IN SOUTHERN CALIFORNIA BY
’24.
’24. JOINING OUR CONVERSATIONS, THE
SIRIUS XM DIRECTOR OF
PROGRESSIVE PROGRAMMING AND RICK
STENGEL, FORMER UNDER SECRETARY
OF STATE AND WE WILL ADMIT
COREPORTER WITH THIS BLOCKBUSTER
REPORT WE’VE BEEN TELLING YOU
ABOUT.
ABOUT. DAVID, IT SEEMS THAT -- AND THIS
IS JUST A POLITICAL NOTE.
IF YOU HAVE ANY THOUGHTS, I’M
EAGER TO HEAR THEM.
WHENEVER THE PRESIDENT SEEMS TO
GET HIMSELF INTO THE CLEAR WITH
THE PIVOT OR STROKE OF FATE IN
ONE INVESTIGATIVE FRONT, A
BOMBSHELL COMES CLAPPING BACK
DOWN ON HIM AND YOUR STORY IS A
PERFECT EXAMPLE OF THAT.
>> IT’S KIND OF THE FACT THAT SO
MANY OF THE AREAS OF THE
PRESIDENT’S LIFE IS UNDER
INVESTIGATION.
INVESTIGATION. THE MUELLER INVESTIGATION GOT A
LOT OF INK AND PRESS BUT IT WAS
ONLY ONE OF MANY.
HIS BUSINESS, CHARITY, INAUGURAL
COMMITTEE, HIS TRANSITION,
BASICALLY EVERY ORGANIZATION
HE’S LED THROUGH HIS ADULT LIFE
IS NOW UNDER INVESTIGATION ALL
AT THE SAME TIME.
SO THE END OF THE MUELLER
INVESTIGATION TAKES AWAY ONE
LITTLE PIECE OF THAT BUT A LOT
MORE IS GOING ON.
>> IT’S SUCH A GOOD REMINDER BUT
I WONDER IF YOU CAN TAKE US
THROUGH WHAT YOU’RE REPORTING
TODAY.
TODAY. >> WE FOCUS ON DOCUMENTS CALLED
STATE OF FINANCIAL CONDITION.
THE REASON WE CARE ABOUT THEM IS
THEY SEEM TO BE IN THE MIDDLE OF
INQUIRIES NOW ON CAPITOL HILL
AND NEW YORK STATE.
THEY BOTH STEM OUT OF WHAT
MICHAEL COHEN SAID, AND YOU
PLAYED SOME OF THAT TAPE
EARLIER.
EARLIER. COHEN SAID TRUMP WOULD SEND
THESE STATEMENTS OUT TO
POTENTIAL LENDERS, TO INSURERS
TO SAY LOOK, I’M A RICH GUY.
THIS WAS A WRITTEN DOWN,
OFFICIAL LOOKING VERSION OF A
BRAG.
BRAG. I’M SO RICH, YOU SHOULD DO
BUSINESS WITH ME.
YOU SHOULD GIVE ME MONEY.
THERE’S RULES ABOUT WHAT YOU CAN
SAY TO YOUR LENDERS AND INSURERS
AND HOW FAR YOU CAN MISLEAD
THEM.
THEM. THESE DOCUMENTS IN MANY CASES
ARE MISLEADING.
ARE MISLEADING. THEY HAVE WRONG FIGURES AND
EXAGGERATIONS AND GIVE AN
INACCURATE PICTURE HOW WEALTHY
TRUMP WAS.
TRUMP WAS. >> I’M ALWAYS CURIOUS AND
KEEPING AN UNOFFICIAL TALLY
ABOUT HOW MANY CRIMES HE’S
PROTECTED FROM TREATED LIKE YOU
OR I WOULD BE TREATED, IS THIS
ANOTHER CASE WHERE THE OFFICE OF
THE PRESIDENT COULD INFLATE HIM
OR DOES HE HAVE MORE EXPOSURE
HERE?
HERE? >> HE COULD HAVE MORE EXPOSURE.
THERE’S ALWAYS A QUESTION
WHETHER A PRESIDENT CAN BE
INDICTED OR SUED IN STRAIGHT
COURT BUT WE’RE A LONG WAY FROM
KNOWING WHETHER HE HAS CRIMINAL
LIABILITY HERE.
LIABILITY HERE. THERE’S A LOT OF QUESTIONS TO BE
ASKED, DID DEUTSCHE BANK, DID
HIS INSURERS TAKE ACTION AS A
RESULT OF THESE
MISREPRESENTATIONS?
MISREPRESENTATIONS? WAS IT ENOUGH TO MOVE THE NEEDLE
OTHERWISE?
OTHERWISE? UNTIL WE KNOW THAT AND SEE THE
FULL PICTURE, IT’S HARD TO KNOW
WHAT EXPOSURE HE HAS.
>> IS IT A SAFE ASSUMPTION THE
DOCUMENTS YOU SAW THAT
CORROBORATED YOUR REPORTING ARE
IN THE HANDS OF CONGRESSIONAL
INVESTIGATORS?
INVESTIGATORS? >> YES, THEY ARE.
AND THAT CONGRESSIONAL
INVESTIGATORS ARE TRYING TO GET
A LOT MORE.
WE HAVE THESE DOCUMENTS FROM THE
YEARS 2011, 2012 AND 2013.
YESTERDAY IT WAS REVEALED THE
HOUSE OVERSIGHT COMMITTEE ASKED
TRUMP’S ACCOUNTANTS TO PRODUCE
THESE DOCUMENTS OVER THE LAST
TEN YEARS AS WELL AS ALL OF THE
DOCUMENTS THEY RELIED ON TO
PRODUCE THEM.
PRODUCE THEM. CONGRESS WANTS A MUCH BIGGER
PICTURE THAN THEY’VE GOT.
>> MIMI, IT’S THE LESS SEXY END
OF THIS INVESTIGATION.
NOTHING CALLED A DOSSIER.
NOTHING THAT’S OUT OF A SPY
NOVEL.
NOVEL. BUT IT FEELS LIKE A TORTOISE AND
HEAR
HEAR HARE KIND OF DYNAMIC.
DAVID DOES THIS METICULOUS
REPORTING WHICH HE SAID IS VERY
MUCH ON THE RADAR OF CONGRESS
AND REPRESENT A VERY REAL THREAT
TO THIS PRESIDENT.
>> ABSOLUTELY.
>> ABSOLUTELY. IN SOME WAYS THIS IS THE BREAD
AND BUTTER OF WHAT PROSECUTORS
AT THE FEDERAL AND STATE LEVEL
DO.
DO. I MEAN, YOU KNOW, WE REFER TO
THEM IN FEDERAL PROSECUTOR’S
OFFICES ANYWAY AS FRAUDSTERS,
PEOPLE WHO SERIALLY INFLATE
ASSETS, MISREPRESENT ASSETS,
MAKE FALSE STATEMENTS TO HEAVILY
REGULATED INDUSTRIES LIKE BANKS,
MORTGAGE LENDERS AND INSURANCE
COMPANIES.
COMPANIES. I’M NOT SAYING RIGHT NOW HE CAN
BE CHARGED OR THERE’S ENOUGH TO
SAY HE COMMITTED A CRIME.
WE DON’T KNOW.
BUT, BOY, THIS GIVES YOU -- IT’S
NOT DIGGING FOR A NEEDLE IN A
HAY STACK.
HAY STACK. IT’S MORE LIKE SHOOTING FISH IN
A BARREL.
A BARREL. AND I’VE SAID THIS BEFORE AND I
WILL KEEP SAYING IT, DONALD
TRUMP LET HIS LIFE NOT AS
SOMEONE WHO WAS EXPECTING TO BE
UNDER A VERY STRONG MICROSCOPE
IN THE FORM OF THE SOUTHERN
DISTRICT OF NEW YORK, NEW YORK
ATTORNEY GENERAL’S OFFICE, AND
MANY OTHER PROSECUTOR’S OFFICES.
AND THAT’S GOING TO CATCH UP
WITH HIM.
WITH HIM. AND IT SHOULD.
THERE ARE PEOPLE IN PRISON RIGHT
NOW, PAUL MANAFORT IS JUST ONE
EXAMPLE, AND A HIGH-PROFILE ONE
AND FRANKLY HE’S ON THE EXTREME
VERSION.
VERSION. I THINK HE WAS MORE OF A CAREER
FRAUDSTER.
FRAUDSTER. BUT PEOPLE GO TO XRAY FOR THIS
STUFF EVERY
STUFF EVERY -- JAIL FOR THIS STUFF EVERY
DAY.
DAY. IF IT CAN BE SHOWN HE TRIED TO
GET PEOPLE TO RELY ON FALSE
STATEMENTS IN THE FORM OF MAKING
MONEY, GETTING MONEY TO HIM,
GETTING SOMETHING OUT OF IT,
WHETHER OR NOT THEY ACTUALLY
GAVE IT TO HIM BUT THAT HE WAS
TRYING TO GET THEM TO RELY ON
IT, THERE’S A WHOLE CRIMINAL --
SERIES OF CRIMINAL STATUTES THAT
COULD APPLY.
COULD APPLY. >> MAKING FRAUD GREAT AGAIN.
>> I’M GOING TO MAKE A DIFFERENT
POINT ABOUT IT.
IN THE 1980s IT WAS SAID OF
HENRY KISSINGER HE DOESN’T LIE
BECAUSE IT’S IN HIS INTEREST, HE
LIES BECAUSE IT’S IN HIS NATURE.
THAT IS DONALD TRUMP.
HE LIES ABOUT EVERYTHING.
HE HAS CORRUPT INTENT ABOUT
EVERYTHING.
EVERYTHING. YES, WHY DOES HE HAVE TO MAKE
TRUMP TOWER TEN STORIES HIGHER?
BECAUSE HE HAS TO SAY HE’S 6’3"
INSTEAD OF 6’2".
THIS IS PART OF THE REASON --
AND I WILL DO A LITTLE BIT OF A
DOGLEG HERE, WHY THE MUELLER
REPORT WAS UNABLE TO COME UP
WITH COLLUSION.
WITH COLLUSION. I KNOW I HAVE BEEN ON THE SHOW
AND TALKED A LOT IN THE PAST
COLLUSION WOULD BE PART TO PROVE
P
P THEY HAD CORRUPT INTENT BOTH
SIDES.
SIDES. THE PROBLEM WAS THEY WERE IN
HEth AND COMPETE AECHT.INCOMPETE
COORDINATION WASN’T ESTABLISHED
BECAUSE THEY’RE UNCOORDINATED.
IT’S A CORRUPT ORGANIZATION.
THEY’RE INCOMPETENT.
THEY’RE INCOMPETENT. THE RUSSIANS, WHO I DEALT WITH A
LOT, WERE NOT ABLE TO DO THESE
THINGS.
THINGS. WE GOT THE STORY THAT CAME OUT
THE OTHER DAY OR YESTERDAY, WHEN
MUELLER INDICTED THE 13 PEOPLE
FROM THE AGENCY THEY CAME TO
AMERICA AND A COUPLE SAID MAYBE
WE SHOULD GO TO PURPLE STATE.
SOMEBODY TOLD US THAT.
THAT WAS A GREAT REVELATIONS FOR
THE RUSSIA.
THE RUSSIA. RUSSIANS ARE INCOMPETENT, TRUMP
PEOPLE ARE INCOMPETENT.
BOTH PEOPLE LIE.
THAT’S WHY IT’S HARD TO
ESTABLISH COLLUSION.
ESTABLISH COLLUSION. >> SO ELI, WE DON’T HAVE TO
WORRY ABOUT LEARNING RUSSIAN TO
SURVIVE IN TRUMP’S AMERICA?
>> I DON’T THINK YOU HAVE TO
LEARN RUSSIAN BUT RICK IS RIGHT
ABOUT THIS.
ABOUT THIS. CAN YOU LOOK AT ALL OF THE STUFF