Fiddling while the world burns

The NYT recently published an expose about Orange Julius ' s finances which was extremely important and extremely ignored, like most important stuff. One reason it was ignored is that it was long and complicated and tedious to read, soNancy LeTourneau tries to make it accessible for you.The first thing you need to know is that he has lied about his business acumen his entire life. He did not, as he claims, build a fortune out of what he calls a " small " million dollar loan from his father. In fact, his father started transferring assets to him when he was just learning to walk and eventually gave him a total of $413 million. Which he squandered. In 2004 he was broke.Then he suddenly mysteriously started spending millions of dollars to buy money-losing golf courses and overpay for other real estate assets with $400 million of mysterious provenance. Well, we actually do have a  guess about where it came from -- laundering money for Vladimir Putin ' s gangster buddies. Vlad doesn ' t need to have video of him with prostitutes (though he certainly might) because Vlad owns him. And made him president. As LeTourneau concludes:Of course, that raises the question of where the $400 million in cash came from. I ’m pretty sure Robert Mueller is interested in the answer. You might remember that whenJames Dodson asked Eric Trump about that, he said, “Well, we don’t rely on American banks. We have all the funding we need out of Russia.”This demonstrates that Donald Trump migh...
Source: Stayin' Alive - Category: American Health Source Type: blogs