RICO Lawsuit Filed Against George Soros and Donald Trump

[ABX]

Joined at the financial hip? 2008 suit, still pending.

MONEY LAUNDERING & BANKRUPTCY FRAUD INVOLVING SOROS’S INVISIBLE INTEREST IN CONSECO & THE GM BLDG
NEW YORK, NY – Law Offices of David H. Relkin, Esq. on behalf of Leslie Dick Worldwide Ltd. has filed a Federal RICO Complaint in the United States District Court for the Southern District of New York (Case No. 08-CV-7900) against George Soros, Deutsche Bank, Vornado Realty Trust, Fortress Investment Group, Donald J. Trump & 12 other RICO conspirators for $4.2 Billion in damages.

Excerpts from the 95 page RICO (Racketeering Influenced and Corrupt Organization Act) and Bid Rigging Complaint follow:

The action seeks to recover damages arising out of an ongoing, global RICO Enterprise which engaged in predicate acts of a pattern of racketeering and conspiracy to commit RICO, through and by means of Money Laundering, Bankruptcy Fraud, and Bid Rigging.....

http://www.thehealersjournal.com/2012/07/04/rico-lawsuit-filed-against-george-soros-and-donald-trump/

[ABX]

Bumping because there may be some follow up revelations on this coming.

[ABX]

Adding a better source as the first is just a blog. (usually these type of these are relegated to deep bureaucratic filings and often don't see the light of day unless dug up.)
http://www.mmdnewswire.com/money-laundering-a-bankruptcy-fraud-involving-soross-invisible-interest-in-conseco-a-the-gm-bldg-3993.html

[ABX]

Older story (2008) related to this but will have some interest in a few upcoming notes. (ie, if someone is going to set the Goldman Sach's loan standard, they should better make sure their own house is clean)

Developer sues Soros, Fortress, Cerberus

Developer Leslie Dick Worldwide Ltd., New York, filed a RICO complaint against 17 parties, including Donald Trump, financier George Soros, Fortress Investment Group and Cerberus Capital Management, over the 2003 sale of the General Motors Corp. Building in midtown Manhattan.

The suit, filed last month in the U.S. District Court in Manhattan, revolves around the 2003 sale of the GM Building by Conseco Inc. and Mr. Trump to Macklowe Properties Inc. Macklowe sold the building in May 2008 to a group led by developer Mortimer Zuckerman, Goldman Sachs Group (GS) Inc., and the governments of Qatar and Kuwait for $2.9 billion — the highest price ever paid for a U.S. office building.

“Through unlawful means, including but not limited to money laundering, bankruptcy fraud and bid rigging, (some of the defendants) acquired Conseco’s prime assets, including Conseco Finance and the General Motors Building in New York City, and thereafter attempted to conceal their illicit activities,” according to a statement from the David H. Relkin law firm, which represents Leslie Dick Worldwide.....

http://www.pionline.com/article/20081009/ONLINE/810099993/developer-sues-soros-fortress-cerberus

[truth_seeker]

Of course filing this now against 17 parties, based on a 2003 transaction, has nothing to do with damaging Trump, now does it ??

[ABX]

Of course filing this now against 17 parties, based on a 2003 transaction, has nothing to do with damaging Trump, now does it ??

Actually, this was filed in 2008 and is just pending in the courts. Long, long before this election cycle when he was still identifying as liberal.

[EC]

Of course filing this now against 17 parties, based on a 2003 transaction, has nothing to do with damaging Trump, now does it ??

Since the suit was filed in 2008, probably not.

[ABX]

Since the suit was filed in 2008, probably not.

And this is the tip of an iceberg regarding a web of connections far greater than the complaint that Cruz just took a loan from Goldman Sachs including GS being a major holder of Trump's business and Trump having a continued business partnership with GS and Soros' charities including DoSomething.org which is a youth activism arm of Soros' Open Society Foundation.  This was just a starting point to show it wasn't connected to the current race but is a long history.

[Sanguine]

Bookmark.

[Bigun]

And this is the tip of an iceberg regarding a web of connections far greater than the complaint that Cruz just took a loan from Goldman Sachs including GS being a major holder of Trump's business and Trump having a continued business partnership with GS and Soros' charities including DoSomething.org which is a youth activism arm of Soros' Open Society Foundation.  This was just a starting point to show it wasn't connected to the current race but is a long history.

Extremely troubling if true!

[HAPPY2BME]

This won't grow legs.

It won't even grow toes.

[ABX]

Adding a few more puzzle pieces to the table before we start to put the edges together and fill in the rest.

Big names back Trump tower
Soros, Deutsche Bank said to be in on 90-story building

Donald Trump has lined up three New York hedge funds, including money from billionaire George Soros, to invest $160 million in his Chicago skyscraper, a key piece in perhaps the largest construction financing in the city's history, according to real estate sources and public documents.

Despite reports about the project's record-breaking sales, most of them from Trump himself, many Chicago real estate developers and lenders have expressed doubts about whether the 90-story tower would ever be built.....

...The document does not identify the other participants, but a key member is Grove Capital LLP, according to sources familiar with the transaction.

The firm manages most of the multibillion-dollar real estate portfolio of the $13 billion Soros Fund Management, from which Grove Capital was spun off last month.



http://articles.chicagotribune.com/2004-10-28/news/0410280265_1_donald-trump-soros-fund-management-blackacre-institutional-capital-management

[ABX]

Trump’s attacks raise eyebrows on Wall Street
Republican frontrunner chides bankers but has relied heavily on them to build his business


"I have been highly amused about Trump's comments about us given he's almost one of us, at least in a business sense," said one Wall Street banker whose group has provided Mr Trump's properties with millions of dollars in financing. "He is totally comfortable around Wall Street and bankers."...

... Big banks and hedge funds, however, have played a pivotal role in the growth of his real estate empire, providing his companies with loans, acquiring stakes in Trump properties and restructuring debt terms in his times of trouble — as he has acknowledged happily in the past.

"Morgan Stanley is one of the finest investment banking names on Wall Street," Mr Trump said in a 2004 press release, when the bank helped during the 2004 bankruptcy of Trump Hotels & Casino Resorts, a holding company for several properties. ....

 Those skills helped Mr Trump at the time of his first corporate bankruptcy in 1991, which involved the debt-laden Taj Mahal casino in Atlantic City. Although Mr Trump had personally guaranteed at least $900m in Taj Mahal debt, he avoided having to declare personal bankruptcy by convincing the banks, led by Chase Manhattan Bank, to restructure the liabilities.

A year later, Mr Trump's Plaza Hotel in New York filed for bankruptcy. Citigroup stepped in, leading a handful of lenders to buy a 49 per cent stake in the property.

The Plaza was later sold to a group of overseas investors that included Saudi Prince al-Waleed bin Talal,....

..... Mr Trump has also sparred with Wall Street. In 2008, he sued Deutsche Bank and other lenders over a $640m construction loan for Trump International Hotel and Tower in Chicago.

Mr Trump argued the financial crisis prevented him from repaying the loan to Deutsche and Fortress Investment, a hedge fund, in the allotted time.

Deutsche countersued to obtain repayment....


http://www.cnbc.com/2015/12/28/trumps-attacks-raise-eyebrows-on-wall-street.html

[ABX]

Next piece... (Meshuge Mikey beat me to this on the other thread)  -- why the case is still pending. Trump and Soros were issued a $1.4 Billion Dollar default judgement against them in the RICO bankruptcy case but the judge refused to file it. Instead, she opened it back up allowing the defendants to fight the case again. This is an acceptable legal tactic, a default judgement may have been issued because the defendants simply failed to appear or file a response in time. It may also be a way to bury a case in litigation bureaucracy by continuing filing and finding motions until one party cries uncle.

Judge Won't Enter $1.4B Judgment Against Trump

Law360, New York (January 6, 2009, 12:00 AM ET) -- The federal district judge overseeing a bid-rigging case accusing billionaire investor George Soros, Deutsche Bank and others of engaging in a scheme to win the auction for the General Motors Building has declined to enter a $1.4 billion default judgment against defendant Donald Trump.

On Tuesday, U.S. District Judge Barbara Jones dismissed Leslie Dick Worldwide Ltd.’s request for entry of a default judgment, ruling that Trump and the other defendants have begun to actively litigate the case.

http://www.law360.com/articles/81793/judge-won-t-enter-1-4b-judgment-against-trump

This next part isn't about Trump directly but his partner in this venture, Soros, and shows what actions are being accused by Leslie Dick Worldwide against them.

Threats of Isolation and Retaliation   

As alleged in the Verified Amended Complaint, George Soros, through his representative “agents” stated that “if Plaintiffs persisted in their attempts to uncover the bid-rigging scheme, they would be black balled from any deal of consequence in the New York market”. 

http://www.mmdnewswire.com/leslie-dick-worldwide-ltd-case-no-02requests-bankruptcy-fraud-investigation-in-re-conseco-inc-1420.html

[ABX]

...and here is where it becomes interesting.  Before being tied up in litigation, the accuser had to run this up to the NY State Supreme Court to try to get action out of this (I'm still trying to wrap my head around the filings and timeline but I believe the NY State Supreme Court filing is what resulted in the $1.4 Billion dollar judgement against Soros and Trump that the judge later refused to file to give them a chance to re-litigate).

Plaintiff: Leslie Dick Worldwide,
Highest bidder in both 2003 General Motors Building auctions

What:

Hearing before the First Appellate Division of the New York State Supreme
Court

When:

Thursday, April 10, 2pm, 2008

Where:

27 Madison Avenue, New York, NY

Case Title:

Leslie Dick Worldwide, Ltd.,
Leslie Dick vs. Macklowe Properties, Inc. Et. Al.
Index # 600 222/06

Clerk's Office 212-340-0400

Why:

Plaintiff's attorney Robert Hantman will argue:

   

--  The sale of the General Motors Building out of the bankrupt estate of
    Conseco was conspiracy centered around a sham auction of said building.  It
    arose out of a pre-planned bankruptcy fraud by Conseco, Inc. and George
    Soros in December, 2002.

--  The bid-rigging of the General Motors Building, by which Harry
    Macklowe was a pre-selected "buyer" fronting for the real buyer and current
    owner of the General Motors Building, George Soros, is the key issue in the
    case.

--  Judge Karla Moskowitz  prematurely and erroneously dismissed
    plaintiff's verified amended complaint on defendant(s) motion to dismiss,
    with no discovery, based solely on the pleadings.

--  Conseco creditors were defrauded by not receiving the highest value
    for the asset in bankruptcy court.

--  As the highest bidder, plaintiff Leslie Dick Worldwide was defrauded
    in the General Motors Building auctions.

--  The sham "auction" was perhaps the largest real estate fraud ever
    perpetrated upon the public.

http://www.reuters.com/article/idUS133889+08-Apr-2008+MW20080408

[ABX]

Now it is going to get even more complicated and crazier:

Donald Trump’s associate drugged rival in bid for GM tower

The General Motors Building — the most expensive office tower in America — has brought out the worst in a string of landlords from Bill Zeckendorf to Harry Macklowe.

When Donald Trump was buying the building, his head of acquisitions, Abe Wallach, doped a rival with sleeping pills on a long flight so Wallach could read the documents in the man’s valise.

Vicky Ward tracks the “rich pageant of human excess” in “The Liar’s Ball: The Extraordinary Saga of How One Building Broke the World’s Toughest Tycoons,” out in October from John Wiley & Sons.

Wallach told Ward he became worried that he gave his rival too big a dose and that his victim might never wake up.

“This is an exposé of the kill-or-be-killed world of these real-estate tycoons — the dark side of capitalism,” Ward told me....

http://pagesix.com/2014/09/26/donald-trumps-associate-drugged-rival-in-bid-for-gm-tower/

[ABX]

Just a reminder at this point, all of this took place and was reported long, long before Trump was running and when he still identified as a Democrat, so this isn't just some current political attack someone created.

This is 'just doing business' Trump style.

[Carling]

What am I supposed to be outraged about here?

I assume that Trump being sued is a part of his everyday life. 

Is this a thing, or is it just one of the lawsuits that never sees the light of day because that's what happen to most of these.

[ABX]

What am I supposed to be outraged about here?

I assume that Trump being sued is a part of his everyday life. 

Is this a thing, or is it just one of the lawsuits that never sees the light of day because that's what happen to most of these.

1. It shows a long time business relationship between Trump and Soros- something everyone would damn for any other candidate.
2. It shows just how he runs his businesses. Not just 'greasing the wheels' like some just dismiss along with his usual cronyism and funding politicians.

In other words, things that we would damn any Democrat before are just being blown off because it is Trump being Trump. It is raw and dirtiest definition of Crony Corporatism we complain about with Harry Reid's family, but multiplied here...

...yet it is dismissed..

(and it did see the light of day, all the way to the New York Supreme Court that issued a $1.4 Billion dollar summary judgement against Trump and Soros until they got a judge to refuse to file the summary judgement and let them tie it up in filing(.

[aligncare]

Breathlessness, hyperventilation, same difference.

[Carling]

1. It shows a long time business relationship between Trump and Soros- something everyone would damn for any other candidate.
2. It shows just how he runs his businesses. Not just 'greasing the wheels' like some just dismiss along with his usual cronyism and funding politicians.

In other words, things that we would damn any Democrat before are just being blown off because it is Trump being Trump. It is raw and dirtiest definition of Crony Corporatism we complain about with Harry Reid's family, but multiplied here...

...yet it is dismissed..

(and it did see the light of day, all the way to the New York Supreme Court that issued a $1.4 Billion dollar summary judgement against Trump and Soros until they got a judge to refuse to file the summary judgement and let them tie it up in filing(.

Who's to say that the judge who initially granted that summary judgement wasn't on the side of the plaintiff?

I know Trump isn't "clean."  It would be impossible to accumulate his wealth without exploiting the status quo.  What I don't get is why this is such a big deal to you.

A real RICO case is the Clinton Foundation, IMO, and nobody ever wants to discuss it when I post things about it.

[Meshuge Mikey]

Extremely troubling if true!

I had the Case Number for the southern district court of New York here once today..


The court allowed ..the judge at any rate to slide because the principles were litigating it... whatever that has to do with letting em go on the money laundering charges.


Soros is a dirty as it gets...and apparently Donnie has no compunctions about doing illegal deals with slime like George Soros.


Im certain that there must be at least a couple of campaigns that  have this information..and aren't sure what to do with it...yet.

[Meshuge Mikey]

Who's to say that the judge who initially granted that summary judgement wasn't on the side of the plaintiff?

I know Trump isn't "clean."  It would be impossible to accumulate his wealth without exploiting the status quo.  What I don't get is why this is such a big deal to you.

A real RICO case is the Clinton Foundation, IMO, and nobody ever wants to discuss it when I post things about it.

There was a RICO FILING in this case. The Judge..refused to prosecute it.


Law Offices of David H. Relkin, Esq. on behalf of Leslie Dick Worldwide Ltd. has filed a Federal RICO Complaint in the United States District Court for the Southern District of New York (Case No. 08-CV-7900) against George Soros, Deutsche Bank, Vornado Realty Trust, Fortress Investment Group, Donald J. Trump & 12 other RICO conspirators for $4.2 Billion in damages.
[/size][/color]
[/size]theres the whole deal case number included!![/color]
[/size][/color]
[/size]heres the URL link to the entire article[/color]
[/size][/color]
http://www.truthcontrol.com/forum/lawsuit-filed-against-convicted-felon-george-soros-donald-trump-colluded-multi-billion-money


and nope ya don't fake stories like that if you've included the case number of such a case.

[Meshuge Mikey]

Who's to say that the judge who initially granted that summary judgement wasn't on the side of the plaintiff?

I know Trump isn't "clean."  It would be impossible to accumulate his wealth without exploiting the status quo.  What I don't get is why this is such a big deal to you.

A real RICO case is the Clinton Foundation, IMO, and nobody ever wants to discuss it when I post things about it.

Geore Soros Is Mister Black Lives Matter......Mister Occupy...Mister Moveon.org....a HUGE Bacl of one Barack Hussien Obama ...and a former nazi Youth to boot.


a Big deal?  yes I would say so

[ABX]

Who's to say that the judge who initially granted that summary judgement wasn't on the side of the plaintiff?

I know Trump isn't "clean."  It would be impossible to accumulate his wealth without exploiting the status quo.  What I don't get is why this is such a big deal to you.

A real RICO case is the Clinton Foundation, IMO, and nobody ever wants to discuss it when I post things about it.

You answered your own question. Corruption is corruption is corruption is corruption. Stuff like this is what paints Capitalism with a bad name. Crony corporatism is used as an example to tear down Capitalism even though it isn't Capitalism. It is a cancer on our economic system.

What I don't get is why this isn't a big deal to many who scream and shout about Harry Reid's family doing a fraction of this or the Clinton Foundation whose criminal accusations are right on par with it.

We either oppose cronyism or we don't. Saying on one hand 'it is just business', while on the other hand, being angry at it when someone else does it is what is confusing. 

I did something a bit sneaky a few months ago. I took one of the stories about Trump's cronyism in a building project but swapped out Harry Reid's name and some of the details. 'Reid' was widely damned with calls to throw him out or prosecute him and how he was the worst. (I finally had a bit of an ethical dilemma and deleted it before it went to far).

As to why your articles on Clinton don't get the same traction? I can't answer that. I suspect it is just expected from her.... Ie, no surprises.