Likely Trump Org indictment could mean big trouble for Trump hotels, liquor licenses

While it’s certainly possible to party at a Trump hotel with just a Tony Montana-sized berm of cocaine while your girlfriend shouts “THE BEST IS YET TO COME!” over and over from the bathroom (and as she vainly struggles to find any whiff of motivation to put in her diaphragm), it’s pretty clear you can’t really run a hotel without a liquor license. I imagine that’s true pretty much everywhere in America, from Milwaukee to Salt Lake City.

So the fact that indictments against the Trump Organization may come as soon as next week, as The New York Times recently reported, represents a potential death knell for some of Trump’s businesses.

Manhattan DA Cy Vance appears to be moving against the Trump Organization and its longtime CFO, Allen Weisselberg, over fringe benefits he may have received tax-free from the company.

But never mind the legal minutiae. The only detail that really matters is that this could ratchet Trump’s diaper rash up to five-alarm fire territory.

In a recent interview with MSNBC’s Yasmin Vossoughian, Pulitzer Prize-winning journalist David Cay Johnston, a longtime Trump observer and author of The Making of Donald Trump and It’s Even Worse Than You Think: What the Trump Administration Is Doing to America, enumerated some of the ways this indictment could royally screw over Trump and his sundry suck-ups.

VOSSOUGHIAN: “David Cay Johnston. How lethal is this for the Trump Organization?”

JOHNSTON: “Well, the Trump Organization will have enormous difficulty signing any new contracts. So long as Donald meets his servicing of his many loans, I don’t think banks are likely to foreclose on him, they’re going to look at how much of our money are we going to be able to get back, but he’s not going to be able to obtain any new finance whatsoever, and it may affect licenses that he has for various kinds of businesses, including liquor licenses at his establishments. So this is a very painful, troubling development to go after the Trump Organization, although not in the least bit unexpected.”

VOSSOUGHIAN: “I wonder how it is the former president will plan on paying some of these loans back, David Cay, considering how highly leveraged he is from all the financial disclosure documents that we have seen in reporting on his financial disclosures over the last couple years.”

JOHNSTON: “You know, billions and billions of dollars have flowed through Donald Trump’s books, and he’s always desperately short for cash and leveraged. It’s like money flowing down the drain because you left the tap open. Absolutely he’s going to face serious problems. I just don’t think his refinance problems will be as soon as there’s an indictment. They’re likely to come a little further down the road. His immediate problems are likely to be with any licenses—particularly liquor licenses in New York. He has one in Trump Tower, he’s got liquor licenses at his Westchester golf course, for example. Things like that. Those could be very troublesome for him. But in the long run, I don’t know how he’s going to refinance these properties that are underwater.”

Wow, that sounds like a whole heap of trouble. No wonder Trump wants to get back in the White House so badly. It’s a lot easier to shred the rule of law from the catbird’s seat.

Personally, the only way I was ever going to step foot in a Trump hotel was if I could get blackout drunk and pee on all the garish gold leaf and what have you. Now? He’s lost me forever. Until I merrily micturate on his grave, of course. And for that, I can be 100% sober.

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  • June 26, 2021
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