Hi, this is Alonzo Bowdo.

I want to welcome you to episode 374.

Wow, that's a lot of podcasts.

My podcast, who's paying attention?

And I will thank you for the support over all these years doing all these podcasts.

Let's start off with the New York Attorney General Letitia James is after Trump again.

Now, there's a lot of people after Trump, but Leticia James seems to go after the money, and that seems to work.

She's filed a huge fraud lawsuit against Trump,

the Trump organization, three of his children, the whole thing. Basically, from what I understand,

okay, I'm not a lawyer. I know you find that hard to believe that a comic doing a podcast

is not a lawyer, but it's true. I'm not a lawyer.

She's saying that the Trump organization, and it's always the organization, because he's not

smart enough to do it, overvalued all of his assets, massively overvalued. For example,

Mirago being valued at $ 730 million when its actual

value is 75 million. Trump's penthouse being assessed at 30,000 square feet worth 300 million when it's

actually only 10,000 square feet and on and on. And the reason he did

this was so that he could get massive loans against the property and use that money for whatever

he wanted to do. And as you know, he doesn't pay back loans. She's also saying that the banks

and the accounting firms were in on it because they

collect massive fees. The bankers make huge money making these loans to Donald Trump. The

accounting companies get huge money and huge fees. So they were all in on it. Now, of course,

the accounting company is stepping back and saying that, well, we didn't know about it.

...