Episode Transcript
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0:02
Three weeks are in the books
0:04
at the Donald Trump criminal trial
0:06
in Manhattan. We've had
0:09
three major witnesses testify thus
0:11
far a few other
0:13
more minor witnesses, but I
0:16
think they've presented some incredibly
0:18
powerful evidence. The three major
0:20
witnesses thus far, we had
0:22
David Pekka, Keith Davidson, and
0:24
then on Friday, Hope
0:27
Hicks, Karen Friedman, Agnifolo,
0:29
who co-hosts LegalAF with
0:32
us. She was in the courtroom
0:35
at the trial on Friday. She
0:37
described what she observed with
0:39
the Hope Hicks testimony as
0:41
a Perry Mason moment when
0:44
Hope Hicks described this meeting
0:46
she had with Donald Trump,
0:48
where Trump acknowledged that Cohen
0:50
had made the payment to
0:52
Stormy Daniels. Then Hope
0:54
Hicks talked about how she did not
0:56
believe that Cohen would just ever make
0:58
a payment like that out of the
1:00
goodness of his heart. Then she
1:03
started breaking down in tears
1:05
right before cross-exam started. I
1:07
want to break that down
1:09
and all of the key
1:11
witness testimony. I want to
1:13
talk about all the key
1:15
documentary evidence that has come
1:17
in. The checks, the audio
1:19
files, the bank accounts, the
1:21
C-SPAN videos, and more. Then
1:24
I want to talk about where are
1:26
we going next, what happens next. Then,
1:28
Popak, if we have some time, I
1:30
think we should talk about how Trump
1:33
Media's independent auditor,
1:35
the new Trump company that
1:37
was formed through that reverse
1:39
merger with the SPAC, the
1:41
auditor was called BF Borgers,
1:43
the actual accountant's name or
1:45
the so-called accountant's name was
1:47
Ben Borgers. That's their office
1:50
right there. It looks like
1:52
a restroom on one of
1:54
those rest stop exits off
1:56
the highways, which was the first red flag when
1:58
I read the first few minutes. filing post
2:00
merger. I said, who's this auditor
2:03
who signed off on it? Because
2:05
I remembered that a bunch of
2:07
the other auditors quit. So they
2:09
needed somebody to sign off on
2:11
Trump Media and in the new
2:14
SEC charges against BF borders, they
2:16
refer to this company as an
2:18
audit mill that would basically sign
2:20
off on anything. And look, this
2:22
is a repeated pattern that we've
2:25
seen. And then of course, when
2:27
there was some reporting being done
2:29
in the past few weeks about
2:31
BF borders, Trump's folks, people all started
2:34
saying, Oh, this is a witch hunt.
2:36
How dare they go after the auditor
2:38
before they've even began work. And sure
2:40
enough, the auditor has been engaged in
2:43
some horrific, horrific conduct.
2:45
We'll talk about that and more on
2:47
the legal AF. I'm Ben Micellis joined
2:50
by Michael Popak. Popak, thanks for
2:52
letting me fill in
2:54
midweek. It's always a pleasure to be
2:57
able to do that. I know you've
2:59
been running around, you've been posting some
3:01
photos of where you've been out as
3:04
well. Thanks, Ben.
3:06
I took my wife to District of Columbia
3:08
to DC. She'd never been. And we're trying
3:10
to find ways to do some
3:13
quick vacations while my wife is pregnant with
3:15
our first child. So I do appreciate you
3:17
stepping in for me. We do it for
3:19
each other. Very supportive network
3:21
and group of colleagues here on
3:24
Legal AF. I
3:26
like the way we broke down or gonna break down the
3:29
show today. Things we're gonna talk
3:31
about are important both as a listening and watching
3:34
guide for things that have already happened to put
3:36
them in context and give our
3:38
audience who's just got a voracious appetite
3:40
for all things at the intersection of
3:43
law and politics, particularly the Trump trial
3:45
going on right as we expected. I
3:48
know there was a lot of news reporting out there that
3:50
said, oh, are people just, are
3:52
they just tired of all this? Does
3:54
anybody care about the Trump trial? And
3:56
by our viewership and by the various
3:59
shows and... pregame
4:01
and postgame that you and Karen are doing
4:03
and the fill-in, the backfill that you and
4:05
I and others are doing about the case,
4:07
the answer to that is a resounding yes.
4:10
Not only is our audience at
4:12
rapt attention, but also
4:14
the jury. We have a lot of
4:16
reporting, both from people like Karen who are in the room and
4:18
others, about how this
4:21
information that's being presented by the
4:23
prosecutor. By my count, we're
4:25
about a third to a halfway through
4:28
their scripts, which was outlined
4:30
a year ago in their statement of
4:32
facts that they presented as they had
4:34
to as prosecutors to Donald
4:36
Trump. They're about halfway
4:38
or maybe a little bit more through that.
4:40
They've done a remarkable job. I think if
4:43
you were to poll the prosecutors and ask
4:45
them, there's always two cases. There's
4:48
the one in your mind that is the
4:51
best presentation you possibly can make, and then there's
4:53
the one that actually happens in the courtroom. It's
4:56
a pretty close correlation here. They got
4:58
to be happy for the prosecution. Sure,
5:01
there was some interesting moments that
5:03
the press ran with about some
5:06
cross-examination of Keith Davidson, the lawyer
5:08
for Stormy Daniels and for
5:10
Karen McDougall that we'll talk about, trying
5:12
to make him out to be a
5:15
drive-by extortionist and all of that.
5:17
It was, again, I was called
5:19
a Melania, sorry. No picks, the
5:21
Melania lookalike, breaking down in tears at
5:23
a certain moment for reasons that you
5:26
and I will have fun speculating about
5:28
on this podcast. But that's not the
5:32
nuts and bolts. That's not the wood chopping
5:34
that's going on in the courtroom in front
5:36
of the jury. It's
5:38
interesting, and we'll talk a lot about it. But
5:40
when you and I are going to detail and you've done in
5:42
a hot take, the checks, the
5:46
emails, the audio, the
5:49
video, the secret recordings,
5:52
all evidence that is evaluated by the
5:54
jury, but all has equal weight in
5:56
terms of its value,
5:58
testimonial, evidence. century recordings,
6:01
audio, and all of that. And
6:04
they are doing, I'll just leave it on this then, the
6:07
prosecutors are doing a masterful job
6:09
in the presentation of their case
6:12
in chief because they're
6:14
moving from inside witnesses to outside
6:16
witnesses, inside, outside, as opposed to,
6:18
just to make it clear for
6:20
our audience, when you're a trial
6:22
lawyer like you and me, Ben,
6:24
Karen, you have to think about
6:26
the organizing principles of your presentation. There has
6:29
to be an internal logic to
6:31
how you present your case to the jury. You
6:33
can't just take, as I said on a hot
6:35
take recently, you can't just take a giant box
6:37
of a puzzle, a jigsaw puzzle,
6:39
and dump it out on the table and tell the
6:41
jury you figure it out during the course of the
6:44
trial. You have to give them big pieces of
6:46
whatever your puzzle is linked
6:49
together and then attach it elegantly
6:51
during the course of a trial.
6:53
And what we've seen is
6:55
every time there is an outside
6:57
witness like David Pekker, it's matched
7:00
with an inside witness like Ronna
7:02
Graf, we're going inside, we're
7:04
going outside, outside witness in,
7:08
Keith Davidson, lawyers for the two people part
7:10
of the Catch and Kill program, the targets
7:12
of the Catch and Kill program, inside witness,
7:14
Hope Hicks, as they make their
7:16
way methodically through that script of the
7:18
statement of facts that they gave us
7:20
back in April as they
7:23
move into kind of the final
7:25
moments when they're going to bring
7:27
in some more boring inside witnesses
7:29
like the accounts payable supervisor and
7:31
the controller who already almost went
7:33
to jail once already and
7:35
then eventually Michael Cohen. And so that's
7:37
what we're going to outline today and
7:39
then of course at the end we'll
7:42
talk about this long series of Trump
7:44
accountants and auditors who either don't
7:46
want anything to do with him and fire
7:48
him or get caught in their
7:50
own fraud. You know
7:52
there is this harmony, this
7:55
kind of orchestral Directorial
7:59
aspect. Being a prosecutor
8:01
in presenting the evidence and how
8:03
you start it's you almost think
8:05
about like that answer right. You.
8:07
Don't want to bore your audience when
8:09
you begin the concert with like. The.
8:12
Worst Song or a new Saw Rights your is
8:14
A when you go and you see I when
8:16
you see a band that you love and they
8:18
start off in like all right I'm going to
8:20
play you a new song off an album that
8:23
you haven't heard yet. You may like that but
8:25
you don't want to your they are. You want
8:27
to start off strong and that was the point
8:29
that you made Pope. Ah the you thought they
8:31
were going to start of the right. So you
8:33
go David Packer used to be. could the story
8:36
then you start to your point. You then have.
8:38
Witnesses. Who then just show
8:40
here the documents, your text messages,
8:42
your business records, your bank records.
8:45
Then you go. here's keep Davidson
8:47
another major player. Then you go
8:49
Okay, here are more trump text
8:51
year or more trump messages and
8:54
then you go Hope Hicks And
8:56
so it's been just the from
8:58
a. A professional
9:01
perspective to watch this. It's just
9:03
been very impressive to defraud l
9:05
aficionados like you and I was
9:07
in. Exactly, it's been
9:10
great. So let's just start in
9:12
with the most recent witness though,
9:14
Hope Hicks. It's on everybody's mind,
9:16
just as a way of background
9:19
for everybody. The background of Hope
9:21
Hicks. He was a teenage model.
9:23
She started working for the Trump
9:25
organization shortly after she graduated from
9:28
college. When Donald Trump decided to
9:30
run for office, she kind of
9:32
then became this press secretary of
9:34
the nascent kind of campaign. and
9:37
then she became the Press Secretary.
9:39
When Trump ultimately one in disgrace
9:41
the office. she was the Communications
9:43
Director from Twenty seven to Twenty
9:46
eighteen. she stopped working there at
9:48
Twenty eighteen Than she returned In
9:50
our Twenty Twenty Twenty Twenty One
9:53
she was there for the insurrection.
9:55
She's testified before the January Six
9:58
committee, but she has not. Joakim
10:00
with Donald Trump or People in Trump's
10:02
Orbit. For. Several years was
10:04
one of the first things that
10:07
she had talked about. She's represented
10:09
by an independent counsel not like
10:11
a Trump appointed lawyer arm and
10:13
Karen Friedman agnew follow our coastal
10:15
legally f. Was. In the
10:18
courtroom and just a reminder. Karen
10:20
worked in the District Attorney's office
10:22
for nearly thirty years to was
10:24
the number two at that office
10:26
and and sometimes she served as
10:28
the acting District Attorney look the
10:30
top spot. I'm so she was
10:33
there she observed didn't I just
10:35
think it's so important part in
10:37
our reporting. Like. When you
10:39
go to the courthouse and new
10:41
debunked Donald Trump saying that like
10:43
all people can't go there and
10:46
protest and that it's being blocked.
10:48
I think it's so important that
10:50
we have host like Karen Friedman,
10:52
agnes below, Harry lit men and
10:54
others who are actually in the
10:56
courtroom telling us so we're not
10:58
just giving you like speculation. So
11:00
this is what Karen Friedman, I'm
11:02
nipple Who's that? She left the
11:05
court room, she was going to
11:07
her next meeting and so. And
11:09
current explained what happened with Hope Hicks.
11:11
She was quite literally in like a
11:13
hallway and as you know k if
11:16
they can't remitting the follows Been reporting
11:18
with us from like buses and trains
11:20
and taxicabs because she wants to get
11:23
us the information first So she leaves
11:25
the courtroom and this is exactly what
11:27
she told us about the whole picks
11:30
testament. Let's play this clip. Prosecution
11:33
started asking her
11:35
about. This
11:39
payments that has made
11:41
as as. As.
11:44
Soon as I just trying to think
11:46
of exactly what it was, fixes so
11:49
powerful. He basically said that
11:51
later on after he was already
11:53
president. For
11:56
say about the payment to
11:58
Stormy Daniel. Wait,
12:01
What he said to her was. It's
12:04
a good thing the story didn't come
12:06
out before the election. And.
12:08
As she was saying it it
12:10
felt like of Perry Mason move
12:12
moment because she very. Much
12:14
were saying I'm. To
12:17
very much with with. Confirming.
12:19
What donald what the prosecution periods with
12:21
was that the whole reason they suppressed
12:24
that was to was because of the
12:26
elections and at that moment she started
12:28
to cry. And which
12:31
tracks and then the
12:33
defense attorney. And Neil both got
12:35
up and ask your question like confirm what
12:37
your job, Is there? Something like that? And.
12:39
The she broke down crying. And
12:43
an. Email and as a
12:45
defense attorney. Inner city.
12:47
Just basically. Is the prosecution what
12:49
they needed? I. They.
12:51
Hide The primary reason
12:53
that Donald Trump wanted.
12:56
This story not for come out before.
12:58
Or with because of the election
13:00
and I think the gravity of
13:02
what she had just forgotten prosecution.
13:05
She broke down crying. Sir
13:08
Michael Po. Park he heard Karen
13:10
Friedman I knew follow described books
13:12
on would she observed with Hope
13:14
Hicks Of course We've gotten reporting
13:16
not just from K of A,
13:18
but numerous others who are in
13:20
the courthouse who we work with
13:22
interest or the great reporters who
13:24
work for other outlets. So we've
13:26
gotten a wide array of perspectives
13:28
here. Ah, to synthesize on Pope?
13:30
Ah, what do you make of
13:32
Hope Hicks testimony. On
13:35
Friday. I like the way you
13:37
started a burn by describing who who fixes.
13:39
She was very candid. I did
13:41
a hard take out. Hope Hicks said she's gonna
13:44
be devastating for Donald Trump. She's.
13:46
Going to destroy the Molony. A difference
13:48
which will talk about in detail here
13:50
which seems to be based on the
13:53
opening statements made by the incredible shrinking
13:55
Todd Blanche, who I haven't seen in
13:57
the courtroom do anything substantively other than.
14:00
The Borders and the opening. He's turned it
14:02
over to his colleague. Who. Works under
14:04
him a meal Beauvais, who's been doing
14:06
the cross examination of all the major
14:08
witnesses I'm actually quite surprised by that
14:10
Indicates props that Blanche. An
14:12
anomaly trial lawyer and my cases. and yes
14:14
I have colleagues of have handled cases with
14:17
me by like the main witnesses of Hope
14:19
Hicks and they keep Davidson turn it over
14:21
to my to my junior colleague. I doubt
14:23
I would do that in the I'm I'm
14:25
wondering what that signals back to Hope Hicks.
14:28
Hope. Tax is a can self
14:30
confessed. A self
14:32
confessed to be inappropriate inexperienced for
14:34
the jobs that she helped. She
14:37
told in her testimony she told
14:39
the jury. That. She
14:41
was shocked when Donald Trump offered
14:43
a twenty eight year old. Know
14:46
Press Secretary experience Opec's the job
14:49
of press Secretary for his campaign.
14:51
She. Said she thought he was kidding He
14:54
She laughed, he said and know and
14:56
then eventually she was offered a job.
14:58
Hope Hicks is one in a series
15:00
of Molony A look alikes that are
15:02
in Trump's or bit. Here's a picture
15:04
of them. Margo Martin is the new
15:06
Hope Hicks. She's in the court room,
15:08
She's twenty eight now she's a Deputy
15:10
Communications Director for Donald Trump. That she's
15:12
on the left Molony out there. Then
15:14
you've got Hope Hicks. That's Kristi Noem,
15:16
But I would put the fourth one
15:19
it as a Lena Harbor. If you
15:21
line all these. People up you think
15:23
they were tried out for Fox News,
15:25
but they're not. They're all have leadership
15:27
or communication roles for Donald Trump. She
15:29
also testified in to which I think
15:31
I'm completely destroys the Millennia defense which
15:33
is I didn't do it because I
15:36
was trying to interfere with the election.
15:38
I was just trying to protect Molony
15:40
A. While. The number of flies in
15:42
the ointment on that. First of all, where is Molony?
15:45
A powerful moment as a defense lawyer. If
15:47
I were handling the case which course I
15:49
never would, neither would bend. Their parents would
15:51
be to have a lotta yet in the
15:53
court room. During Hope Hicks his testimony you
15:55
want is the waterworks For Hope Hicks bring
15:58
in Milan he I never sit by. It'll
16:00
drop in the gallery. That. Didn't
16:02
happen because the story doesn't make any sense
16:04
and the jury are human beings and
16:06
to believe the story that he was doing
16:09
this to protect Donald Trump's than what
16:11
is to make of what. Topics.
16:13
Said which is she did not
16:15
believe Donald Trump. On a key
16:18
point, she said that Donald Trump
16:20
told her, isn't it great that
16:22
Michael Cohen on his own selflessly
16:24
gave a Stormy Daniels the hundred
16:27
thirty thousand dollars. To.
16:29
Try to to try to act
16:31
like he was in involved with
16:33
them as the mastermind of the
16:35
orchestrated conspiracy between David Packer Michael
16:37
Cohen out why so bargain with
16:39
Donald Trump at The Center to
16:41
pay off women like Stormy Daniels
16:43
and Care Mcdougall and others who
16:45
had negative stories that would interfere
16:47
with his election results as we
16:50
moved into October and November of
16:52
Twenty Six Team, That is the
16:54
story. Okay, and that is the
16:56
facts on the statement of fact
16:58
that the prosecutors are methodically. Making
17:00
their way through witnessed by
17:02
witness, document by document, This.
17:05
Molony A story. Is.
17:07
Blown apart both by Pope Hicks testimonies that
17:10
would Donald Trump said oh yeah was a
17:12
great microcode yourself as the beta payment you
17:14
decided believe that. I. Didn't billie and
17:16
under cross examination I didn't believe that. why
17:18
not? Because I'd ever saw microcode is doing
17:21
anything selflessly or with charity. He's of person
17:23
that tix try to take credit for everything.
17:25
I did not believe Donald Trump. So what
17:27
do you have. Yeah. The jury hearing
17:29
that Hope Hicks comes off very credible with
17:31
her crying and all the rest of editor
17:33
of her demeanor that she thinks Donald Trump's
17:36
a liar on a key point in this
17:38
case. The other thing
17:40
the jury's already heard before Hope Pixies
17:42
and Get gets their members or something
17:44
like Hope Hicks is is a moment
17:46
in time, but she follows a sequence
17:48
of other events that have already happened
17:50
that the jury has already heard it
17:52
if they don't remember if they will
17:54
be reminded of com Closing and other
17:56
witnesses as we move through the state,
17:58
they've already heard that. Will Trump.
18:01
Why? Did Michael Cohen to delay
18:03
the payment the Stormy Daniels to
18:05
see if he could avoid paying
18:07
it outright? To. And get
18:09
elected without were they keep her story
18:11
off the front page of having sex
18:13
with Donald Trump outside the marriage. Ralph's
18:15
a lot. He was pregnant with one
18:17
of her children, Baron. If if he
18:19
could get elected without having to pay
18:21
her he would. That would be fine
18:24
with him. For. What Happened to the
18:26
Molony defense? I mean, how does malaria get
18:28
less hurt? Or. Less embarrassed.
18:30
If. If is President so that
18:32
his blog. They've already heard that.
18:35
Now they've heard from Hope Hicks.
18:37
Is. Reluctant witness that of his crew
18:39
who Trump apparently did according to court
18:42
reporters getting guess carrots with didn't never
18:44
looked at her, kept his eyes shut
18:46
during the whole the whole thing as
18:48
she testified. The
18:51
each doubt it did she give
18:53
a couple a little ah up
18:55
a little kernels to the defense
18:57
on the molony a defense if
18:59
the jury even bought it which
19:01
they won't maybe said wow he
19:03
he he cared about melodious or
19:05
or husband cares about a wife
19:07
or he valued her opinion. okay
19:09
same thing he he was in
19:11
control of his own pr or
19:13
that makes sense. He's control of
19:15
his own defense strategy, pushing and
19:17
shoving his lawyers to do his
19:19
bidding. And. We the jury has and
19:21
heard one new bit of evidence in favor
19:23
of the defense. My position
19:26
from Hope Hicks. And yet on
19:28
the very moment. When. She
19:30
knew she was crushing total Drugs
19:32
hopes and dreams of a defense.
19:34
She burst into tears and believe
19:36
me, not only our our chaos say
19:39
the back stairwell of that dingy
19:41
courthouse that she used to work in
19:43
notice that but the prosecutors noticed
19:45
that and they are going to remind
19:47
the jury of that in they're closing
19:50
when they get down to the
19:52
closing arguments. Last thing on on on.
19:54
Hope Hicks is with who's basically
19:56
done. and you
19:58
but you made a good point about her
20:01
not being, hasn't spoken to
20:03
Trump in two years, didn't take any new jobs with
20:05
him. She doesn't really have
20:07
to any longer. The reporting is that
20:09
she's about to marry the number two
20:11
guy at Goldman Sachs, the major investment
20:13
firm, financial services firm in New York,
20:16
who may at this moment have more
20:18
money than Donald Trump. So
20:20
she doesn't really have to kowtow to the
20:22
Trump orbit in
20:26
her testimony. And I think as we
20:28
expected that she was going to be,
20:30
I think the jury will find
20:32
her very effective as a truth teller. And
20:35
the few things that a meal, the lawyer
20:37
for Donald Trump was able to get out
20:39
that they'll try to spin together as some
20:41
sort of Melania defense will fall under the
20:43
weight of the mountain of additional evidence and
20:46
testimony that will be a deuce during this
20:48
trial by the prosecution. Andrew
20:50
Weissman, who was in the courtroom
20:52
as well, and who's been reporting on
20:54
some of these developments says the
20:56
following, this is why hope
20:58
Hicks is such a devastating witness against
21:00
Donald Trump. Hicks makes
21:03
clear that Trump knew of the
21:05
Cohen payoff scheme to Stormy Daniels
21:07
to even if you
21:09
believe his statement to her that
21:12
he only learned after the fact,
21:14
three, her testimony sinks Trump's defense
21:16
since he is on record in
21:18
a civil case admitting that he
21:20
reimbursed Cohen the $130,000 and four
21:25
Hicks establishes that Trump knew
21:27
that the money was for
21:29
Daniels silence, not for the
21:31
claimed legal fees for ongoing
21:34
legal work by Cohen. I think
21:36
of all of those number four
21:38
is the most important part right
21:40
there that Trump was aware that
21:43
this was hush money payments for
21:45
silencing her. If Trump's
21:47
going to try to argue that
21:49
the payments that he made and
21:51
his signature is on to Michael
21:53
Cohen are for other
21:55
things, it's
21:57
going to be clear that he specifically
22:00
knew that Cohen had
22:02
paid off Stormy Daniels. You know what proves that
22:04
point Ben, before you move on? The
22:07
fact that they gave Michael Cohen what's
22:09
called a true up payment and paid him $400,000 for
22:11
$130,000 payment. Let
22:14
me just explain it quickly. If it were
22:16
just a payment to Michael Cohen for his income, okay,
22:19
then they would just pay him for his
22:21
legal services, the $130,000 for
22:24
whatever those legal services were on the fact that
22:26
two days earlier, he set up a new sham
22:28
company, went to his bank and took out a
22:30
loan and then turned the money over to the
22:32
lawyers for Stormy Daniels. So that's a lot of
22:34
things that the jury's gonna have to disbelieve in
22:37
order to believe Donald Trump. But then if it's
22:39
just $130,000, let's
22:41
take Trump at his word for once. It
22:44
was $130,000 payment for legal expenses. I
22:46
don't know how he paid his taxes. Then why is it for $400,000? And
22:50
why is it include what Michael Cohen
22:52
will ultimately testify as a true up
22:55
payment? Meaning he'd have to record that
22:57
on some tax return for
22:59
this company that he set up or for
23:01
himself as income. It's phantom income or income
23:03
to him, meaning he'd have to pay taxes
23:05
on it. He didn't wanna pay taxes on
23:08
it. Trump didn't want him to pay taxes
23:10
on it. So he got a payment so
23:12
that when he, and I'm sure Michael will
23:14
testify, that when he put this, recorded it
23:16
on his tax returns as quote unquote income,
23:19
he had the money from Trump to pay
23:21
the taxes. You don't do that when you,
23:23
I'm a lawyer, I get a payment from a client. The
23:26
client pays me. He doesn't pay me and
23:28
then pay my taxes on the payment.
23:30
And so that whole thing, that whole structure
23:33
of the true up payment and paying Michael
23:35
Cohen 400,000 to cover
23:37
the tracks of $130,000 payment in order so
23:40
he didn't get screwed to tax time. What
23:42
does that say? That says Michael
23:44
Cohen is the conduit for Donald
23:46
Trump and Donald, not the other
23:48
way around. This other theory of
23:50
the defense, the rogue Michael Cohen
23:52
theory is also going out the
23:54
window through HOPEX, that Michael Cohen
23:56
on his own, to
23:59
kind of bully a lawyer. his way into the campaign,
24:01
and that Trump's good grace has just decided
24:03
he would kill the deal. We
24:05
know that's not true, because Pekker testified that
24:08
the only reason he didn't make the payment
24:10
directly to Stormy Daniels is because he got
24:12
screwed by Trump on the payment to Karen
24:14
McDougal for $150,000. And
24:17
he's like, I'm out. I'm not spending
24:19
more of my employer's money. I'm buying
24:21
another story for Donald Trump and not
24:24
getting reimbursed. Hence Michael Cohen. And
24:27
what's the common denominator for this
24:29
episode so far? The jury is
24:32
watching and listening. And
24:34
you can't pull wool over their eyes,
24:36
and the prosecutors won't let the defense.
24:40
And I think this is the simplest argument to
24:42
make to the jury, too. If
24:44
Michael Cohen went rogue and
24:47
did things that he wasn't supposed
24:49
to do at all, that
24:51
weren't in a retainer, that Cohen
24:53
went rogue, assume that's the
24:55
argument, then why did Donald Trump pay
24:58
him? Right.
25:01
And then why would Donald Trump pay
25:03
him extra? Rogue
25:06
payments. You are so
25:08
rogue. You are acting so out
25:10
of authority that I'm giving you
25:13
a bonus. You're cutting your
25:15
mind out of guy. I am going to give
25:17
you triple the money, because you are a rogue,
25:19
awful person. That's so good. That's
25:22
the most obvious explanation. But there's
25:24
more, too. There's lots of video
25:27
of Donald Trump praising Michael Cohen
25:29
in real time, then. Let's
25:32
talk about that and more. I also
25:34
want to talk about this civil
25:36
lawsuit where some stipulations were
25:39
made by Trump's
25:41
legal team back in 2018
25:44
or so, and confirmed by a judge
25:46
in 2020 in a Stormy Daniels v.
25:49
Donald Trump civil case right out here
25:51
in Los Angeles that I think is
25:53
going to have major ramifications. And you
25:55
and I will start talking about some
25:58
of the documentary evidence as well. We'll
26:00
talk about that and more. Let's take our first quick
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rocketmoney.com/legalaf. Michael
29:22
Popock, I went so rogue during
29:24
the break that you don't want
29:26
to co-host the show with me.
29:29
Pesky, rogue Ben decided, and you said, hey,
29:32
I still want to do this show with
29:34
you. No, no, better. I'm giving
29:36
you a bonus. I'm giving you an extra bonus.
29:40
I mean, it's points
29:42
like that, though, where we shouldn't
29:46
lose the overall forest for the trees
29:49
here. We need to sometimes take a
29:51
step back and say, This
29:53
doesn't make sense, this doesn't make sense,
29:56
and the defenses are so foolish when
29:58
you actually kind of talk. About
30:00
it like that. And so I think
30:02
it's important that we frame it that
30:05
way. And the prosecution of course you
30:07
know they're so in the we'd Sometimes
30:09
it's important that they take a step
30:11
back and go look for the jury.
30:14
Sometimes it's as simple points like that
30:16
that will be kind of most effective
30:18
here. I want to talk about this
30:20
lawsuit very briefly. The Stephanie Clifford goes
30:23
by this the name Stormy Daniels. Would.
30:27
When. She does what she does
30:29
on vs. Donald Trump. Ah, here's
30:31
a court order that the court
30:34
can take judicial notice of. These
30:36
were stipulations that were made by
30:38
Trump in this civil lawsuit that
30:41
I think are gonna be pretty
30:43
damaging to Donald Trump as the
30:45
courts as. A. Plaintiff
30:47
has also submitted defendant referring
30:50
to Trump and Essential Consulting.
30:52
That's when Trump and Co
30:54
In were working together as
30:56
a joint opposition that they
30:58
filed back on June one,
31:00
twenty eighteen in the District
31:03
court, in which Defendant. Trump
31:05
and Cohen admit and
31:07
confirm. That. Defendant reimbursed Easy,
31:10
which was Cohen's a shell
31:12
company or hundred and thirty
31:14
thousand dollar payment to Plaintiff
31:17
pursuant to the terms of
31:19
the agreement. Thus, in their
31:21
June First Twenty Eighteen Opposition
31:23
brief in this action, Easy
31:25
Essential Consulting which is Cohen
31:27
and Defend and Trump admitted
31:30
that Defendant reimbursed. Cohen
31:32
One hundred and thirty thousand
31:35
dollars to plaintiffs which was
31:37
paid and consideration for plaintiffs
31:39
promises not to disclose information
31:41
pertaining to. david
31:44
denison and and why they were
31:46
stipulating to that and twenty eighteen
31:48
as they wanted to try to
31:50
keep store daniels on the magazine
31:52
or why would they even stipulate
31:55
this they wanted a keeper subjective
31:57
the confidentiality and non discos disclosure
31:59
order Right, so they wanted it
32:01
to apply to David
32:03
Dennison at that point They wanted Trump
32:05
to be David Dennison So that Stormy
32:07
Daniels would be bound by the agreement
32:10
and that she could be sued for
32:12
going public with it So
32:14
you have documents like that that the jury's
32:16
going to see they have not seen that
32:18
one yet They have not
32:20
seen the checks yet, but here's
32:22
a check that's signed by Donald
32:24
Trump Being Donald
32:26
Trump paying Michael Cohen right there. That's
32:29
Donald Trump's signature. There are 11 total
32:31
checks I think
32:33
eight of them or so have
32:35
Donald Trump's signature on him The
32:37
other ones have other people at
32:39
the Trump organization So the jury's
32:41
gonna actually then see that Trump
32:43
paid Cohen after all of this
32:46
and my point earlier Well, if
32:48
you claim that Cohen was rogue, why
32:50
would you then pay him that? What
32:53
the jury has seen though already
32:55
through a C-SPAN Archivist
32:57
who had to fly in
32:59
and testify because Trump wouldn't
33:01
stipulate was Donald Trump praising
33:03
Michael Cohen After Trump was
33:06
elected after Cohen made the
33:08
payments to Stormy Daniels After
33:11
Donald Trump is on an audio
33:13
recording Acknowledging to Michael
33:15
Cohen that he's aware of Cohen setting
33:17
up all of these shell companies
33:19
and accounts This is what Donald Trump
33:21
had to say about Cohen in real time
33:24
After Trump was aware that Cohen was
33:26
making the payments to Stormy Daniels here
33:28
play this clip And
33:31
by the way, we just found out I was coming down
33:33
Michael Cohen I was being come Michael Cohen is a very
33:35
talented lawyer is a good lawyer in my firm Let's
33:39
just play that even one more time just so you can
33:41
hear it This is what
33:43
Trump has to say about Michael Cohen after
33:46
he's aware that Cohen made those I missed
33:48
the rogue comment Let's hear it again. And
33:51
by the way, we just found out I was coming down
33:53
Michael Cohen I was being come Michael Cohen is a very
33:55
talented lawyer is a good lawyer in my firm That
33:58
Was what he was saying in real time. I'm
34:00
let me show you some other
34:02
things that the jury has seen
34:04
already to the jury seen messages
34:07
like this one: Polls close as
34:09
is from October Sixteen Twenty sixteen
34:11
Donald Trump wrote polls Close But
34:13
can you believe I lost. Large.
34:16
Numbers of women voters based
34:18
on made up events that
34:20
never happened. Media rigging election
34:22
The jury saw October Eleven
34:24
Twenty sixteen. the very foul mouth
34:26
John Mccain begged for my support
34:29
during his primary. I gave
34:31
he won than drop me over
34:33
locker room remarks. The jury saw
34:36
this statement. On can't believe
34:38
these totally phony stories one hundred
34:40
percent made up by women many
34:42
already proven false and push big
34:45
time by press have impact. The.
34:47
Jury's seen this post by
34:49
Donald Trump or recently I
34:51
did nothing wrong in the
34:53
Horse Face case. Never
34:55
had an affair with her. Just
34:57
and in the just. Another false
34:59
acquisition by a sleaze bag. Which.
35:02
And the jury seen the bank account
35:04
as statements from First Republic Bank with
35:06
Cohen opening up the bank account. I'm
35:08
the jury the you know our and
35:10
then go back. go back to the
35:13
last one. Which will
35:15
make them look into Friday in
35:17
typo. Never had an affair with
35:19
her, just another false act with
35:21
this in. Mind as
35:24
leads bags he met accusation. What?
35:26
He really did as he bought her silence.
35:28
I was acquisition sometimes and we know now
35:31
from Hope Hicks right? only he and Dance
35:33
give you know ran his his media and
35:35
did tweeting. So. That's his. Anyway,
35:39
go ahead. sorry. And then this is
35:41
what Donald Trump was saying while he
35:43
was campaigning in June of twenty sixteen.
35:45
The jury saw this as well through
35:47
the sea Archivist to testified. Play this
35:49
with. As you fc. right?
35:52
Now I am being viciously
35:54
attacked. With. Lies and
35:56
smears. It's
35:59
a phony. I have
36:01
no idea who these women are.
36:03
I have no idea. I have
36:05
no idea. And I think you all
36:08
know I have no idea because you understand
36:10
me for a lot of years. Okay? When
36:18
you looked at that horrible woman last night,
36:20
you said, I don't think so. I don't
36:23
think so. Whoever she
36:25
is, wherever she comes from, the
36:28
stories are total fiction.
36:32
They're 100% made up.
36:35
They never happened. They
36:37
never would happen. I
36:39
don't think that happened with very many people, but
36:42
they certainly aren't going to happen with me. So
36:47
I wanted to show the evidence as
36:50
well. Testimony is evidence, but I
36:52
also wanted to show the evidence
36:54
there, the documents, the text messages,
36:57
the tweets. The jury
36:59
has seen a lot of text messages in
37:01
real time from David Pecker
37:04
and Howard Dillon who
37:06
run the National Enquirer,
37:08
but the jury saw those videos. How
37:11
powerful do you think that is? Let's
37:13
talk about with
37:16
the other witnesses who have testified, then the jury
37:18
sees that. Take it away, Popo. Thanks,
37:21
Ben. I've said in the past, with
37:24
you and me and in Hot Takes, that
37:26
while technically, technically all evidence
37:28
is sort of created equally.
37:32
Juries weigh it. Juries weigh witness
37:34
credibility, but there is no
37:36
in the law, there is no
37:38
difference between a
37:41
piece of documentary evidence,
37:43
inferential evidence, hearsay
37:46
that's properly admitted evidence, testimonial
37:48
evidence, audio, video. It all
37:51
has the same potential
37:53
weight depending upon how
37:55
it's ultimately weighed by the jury, but one
37:57
is not better than the other. The law
37:59
doesn't say... Well, if you have an audio
38:01
clip, well, that's it. Well, do you have
38:03
a video? The video is better. It's not
38:05
like there's a priority. Video is better than
38:07
audio. Audio is better than documents. Documents are
38:10
better than witnesses. Circumstantial
38:12
evidence is not like that.
38:14
Everything has given equal
38:16
merit under the law subject to weighing
38:18
by the jury as the trier of
38:20
fact. However, having said
38:22
that, the reality for trial
38:25
lawyers like you and me and jurors
38:27
like this is that
38:29
certain evidence does
38:31
blow their mind more and change the weather
38:33
in the room more when
38:36
played, as we talked about at the
38:38
very beginning, in the right sequence at
38:40
the right time with momentum, internal logic
38:42
by a masterful presentation by
38:44
the prosecutors or a defendant if we're
38:46
talking about the defendants. And when you
38:48
play a clip and then
38:51
you put on evidence to show that
38:53
clip is a lie. And by this
38:55
time, frankly, the jury knows going in
38:58
that Donald Trump lied to
39:00
the American people about his
39:02
extramarital sexual activity. They
39:05
already know about the Access Hollywood tape. They knew about
39:07
it before they even got into the jury box, but
39:09
they certainly know about it now. They
39:12
know about the hot mic moment, about attacking
39:14
women. They know going in, even though
39:16
they can be fair and impartial, that Donald
39:19
Trump's already been a judge by another jury
39:21
twice of being a rapist
39:23
and a defamer and a
39:25
punitive damage award-over in the
39:27
Eugene Carroll matter. They
39:29
know already that he paid off
39:32
these people because it's
39:34
not that big of a leap because he did it and
39:36
he didn't want it to see the light of day. Hope
39:40
Hicks gave credence to
39:42
that, that Donald Trump cared
39:44
about what the voters thought about him when
39:47
it came to these things. And we have
39:49
the audio tapes that have already started to
39:51
be played, including Michael Cohen's,
39:53
and that has a powerful impact
39:56
when you hear the participants and
39:58
the conspiracy talking about About
40:00
the establishment of a phony shell companies
40:02
at the payments have to be made
40:04
with Donald Trump or to spreading the
40:06
in the costs and directing the costs
40:08
that have to be made. Nodding cast.
40:10
Better to wait. There's a paper trail
40:12
of our and that and and talking
40:14
about how much are we paying this
40:17
time. A where is it Coming from
40:19
Donald Trump Following up to David Packer,
40:21
the publisher of The National Enquirer about
40:23
How's Our Girl Harem. Carry Mcdougall
40:25
who who he paid off oh she's
40:27
being quiet. What do we do about
40:29
carriage after terrorists and and and hope
40:32
access to fight about this after Care
40:34
and Mcdougall ah you know decided to
40:36
go on on Anderson Cooper and and
40:38
oh we should pay more money A
40:41
how do we get her to stop
40:43
talking and the conversations that she had
40:45
a damage control opec's around that they've
40:47
heard all of this. I'm telling you
40:49
where the jury was a dim the
40:52
lights like we used to do as
40:54
they roll. The tape. Of
40:56
Cnn. And. Then all
40:58
of these disparate pieces. And then
41:01
quickly the prosecutors put these puzzle
41:03
pieces together for the jury. right?
41:05
And big pieces as the Nyt. this
41:07
whole story together. it's just. it's just
41:09
supremely powerful into my point. I wanted
41:12
to bring it up here again. They're.
41:14
Following a scripts I talk about
41:17
it in a hot take but
41:19
in particular a year ago. A
41:21
year ago, the prosecutors. As.
41:24
They're required to do filed a
41:27
statement of facts along with the
41:29
a document and we are now
41:31
by my count. We're. Moving
41:33
through the first to Roman numerals
41:35
and all those paragraphs with the
41:37
witnesses weird that if to the
41:39
first segment. Packer. Wrote
41:42
a grass. Keith
41:44
save a sin though the the guy
41:46
over first Republic Bay Kopecks and now
41:48
we're moving quickly and rapidly. If people
41:51
want know where we are in this
41:53
for five or six week trial by
41:55
Mike out where now into the section
41:57
labeled of the state but of fi.
42:02
Roman. Numeral to the defendants falsified
42:04
business records and we've already made
42:06
substantial progress. Their I know two
42:08
witnesses that they're definitely going to
42:10
be bringing him because they mention.
42:12
Of. The. Trump Organisation Control or
42:15
a Macaw just because he would
42:17
just avoided jail time the first
42:19
time around and is now has
42:21
left the company. He's gonna testify
42:24
and whoever the Trump Organisation accounts
42:26
payable supervisor this is gonna be
42:28
fascinating does the bodies but important
42:31
testimony to prove the case that
42:33
person's coming and remember or to
42:35
remind our audience. You. Know
42:37
who knows the Trump organization and
42:39
the individual people's responsibilities for things
42:42
like record Better than even Donald
42:44
Trump. The Manhattan prosecutors the
42:46
Da's office because they already tried
42:48
a case two years ago as
42:50
a dress rehearsal, getting a seventeen
42:52
counts felony conviction against to of
42:54
Donald Trump's major companies for falsification
42:56
a business records and tax fraud.
42:59
They. Know who these people are, what they're
43:01
going to say, That they've already interviewed
43:03
them to prepare them for their testimonies. if
43:06
interviewed all of these people before of their
43:08
testimony To anybody that thinks that they did
43:10
talk to Hope Hicks through her council before
43:12
she takes the stand David Packers before he
43:14
took the stand, Michael Cohen before he takes
43:17
the stance that the prosecutors are ready don't
43:19
that there there are would wonder what both
43:21
wonder what this witnesses go to say that
43:23
that that's not how this works. They.
43:25
Know exactly what these people are going to say or
43:28
they wouldn't put them understand. As
43:30
a just one last point on this
43:32
the confidence. And I wanted.
43:34
That's another shout out to the prosecutors.
43:36
The confidence of the prosecutors have shown
43:38
by cutting out why superglue at telling
43:41
have no, no, you're right to time
43:43
convicted felon related to false statements you
43:45
say Rikers Island even though you were
43:47
the chief financial officer that worked out
43:49
the bookkeeping. And worked on that. How
43:52
to get Michael Cohen paid well went through you.
43:54
We. Don't need you. We. Have enough
43:56
that showed me so much confidence
43:58
in their case. If I was at
44:00
the defense, I'd be like, crap, they don't even
44:03
want Weisselberg. He's staying in jail for this. We're
44:06
cooked. Which explains, just back to
44:08
my original point, the 20-minute opening
44:10
by Todd Blanche. Let me
44:12
ask you something, Ben. Where do you
44:14
think Todd Blanche is? Why is he not
44:17
doing these key witnesses? And we haven't really
44:19
seen him except for the gag order arguments
44:22
and at the opening statement time. I
44:24
think when there was the initial
44:26
contempt hearing and the judge said,
44:28
you're losing all credibility before me
44:31
and Todd Blanche was caught flat-footed.
44:34
He looked weak. He didn't
44:36
have good answers. It
44:38
was a very, very just overall
44:40
weak presentation. I think
44:42
that Trump basically
44:44
tapped Emil Beaub, the other lawyer,
44:46
who by the way, I'm told
44:49
is a very good lawyer, used
44:52
to be a federal prosecutor with
44:55
a very good reputation. And
44:57
so I think they turned it
44:59
over to Emil Beaub. Interestingly, Donald
45:02
Trump has Todd Blanche just kind
45:04
of at his side during
45:06
those bizarre press conferences. And in
45:09
a moment, I wanna chat with
45:11
you about one of those where
45:13
Todd Blanche has really been, has
45:16
neutered the right word to use. Yes.
45:21
He's lost all
45:23
credibility, not just in the
45:26
courtroom, but amongst other
45:28
lawyers too. So
45:30
any reputation that Todd Blanche was
45:32
a good lawyer, he's
45:34
destroyed his reputation. I hope he's
45:37
enjoying whatever checks that Donald Trump's
45:39
political action committee's paying him because
45:41
he's a joke right now. Like
45:43
lawyers that I talked to who
45:45
once respected him, like laugh at
45:48
this guy behind his back. His
45:51
reputation is in tatters. And just think about
45:53
it. You have Donald Trump at this press
45:55
conference claiming that the
45:57
gag order prevents him.
46:00
from testifying at trial despite Donald
46:02
Trump saying that he was going
46:04
to testify at trial, then he
46:06
turns to Todd Blanche, looks at
46:08
Todd Blanche and says, that's right,
46:10
right, the gag order prevents me,
46:12
and then Todd Blanche shakes his
46:15
head, yes, like that's accurate
46:17
and everybody knows that's just false,
46:19
you know, and so Todd Blanche
46:21
became no better than Alina Haber,
46:24
almost the same way that Chris
46:26
Kice became no better
46:28
than Alina Haber when they tried
46:30
the case. Trump makes people worse.
46:34
He surrounds himself with
46:36
already bad people, but
46:38
if you are competent,
46:41
you have to be, he
46:43
makes you worse, you have to just listen
46:46
to whatever he says, you can't have any
46:48
modicum of independence, but that's what I think
46:50
happened, that's what I think happened there, Pope.
46:52
I think you're totally right, I think you're
46:54
totally right about that. I mean, we
46:57
said early on, you know, that's the
47:00
good thing about legal AF, we had the continuity
47:02
of our follow through, and you and I can
47:04
talk about things, we talked about three months, six
47:06
months, two years ago, three years ago, with recall,
47:09
you know, we said with him
47:11
and Chris Kice, there was a reason
47:14
that their big American lawyer,
47:17
200 law firms kicked them out or they left
47:19
those firms, set up their own shops by themselves
47:22
as a captive law firm for
47:24
one client. That's what happened. Both Chris Kice
47:26
and Todd Blanche left their law firm, set
47:28
up their own separate shops of
47:30
two and three persons total to represent one
47:32
client and make millions of dollars. Chris Kice
47:34
has got like five and a half million,
47:36
Alina Haber has gotten five and a half
47:39
to 10 million, Todd Blanche has gotten
47:41
five and a half to 10 million for these couple of
47:43
guys that are running around here, doing
47:45
whatever they're trying to do here. And
47:47
the rumor is, you know,
47:50
in the reporting that Blanche
47:52
wants to be like Attorney General
47:54
or White House counsel, if God
47:56
forbid there's the restoration of the
47:58
Trump presidency. We have to do everything
48:00
we can to make sure that doesn't happen politically illegally.
48:03
But that's why he's sacrificing his
48:06
professional reputation on the altar of Donald
48:08
Trump's greed and lust for power. You
48:11
know, I always tell my law students
48:13
at USC, I teach law
48:15
school and I teach undergrad at USC
48:18
Law at the Gould School. And I
48:20
always tell them, I'm like, look, if
48:22
you want to be very
48:24
wealthy and make huge amounts of
48:26
money, do not go
48:28
into law for that reason. Go
48:31
into law because you love the practice
48:33
of law and you want to do
48:35
right and you care about law and
48:37
order, and then perhaps the money will
48:40
come. I mean, all these
48:42
shows like Suits and others that
48:44
even show lawyers being incredibly
48:47
wealthy and having mega mansions, I
48:49
mean, there's a very small portion
48:51
of lawyers that kind of do
48:53
that money at the
48:55
highest of high levels. But that's
48:57
actually not most lawyers. That's not
48:59
to say that lawyers don't do
49:01
well. But
49:04
what you see here is how
49:07
easily enticed someone like
49:09
a Blanche is. And the point I want
49:11
to make is doing it for money because
49:14
Trump's political action committee is paying
49:16
them more than they've ever seen
49:18
in their life. And
49:20
these are people who in their
49:22
careers, for whatever reason, Alina Habba
49:24
feeling that her career, well, never
49:27
having a real career to begin
49:29
with and doing like parking garage
49:31
law near Bedminster, someone like a
49:33
Chris Kice who just wants to
49:36
be wildly wealthy, someone
49:38
like Todd Blanche wants to
49:40
be wildly wealthy, leaving their firms,
49:42
which pay them good money,
49:44
but not mega wealth, but
49:47
sacrificing their reputation and their
49:49
career for these million dollar
49:52
checks that are paid for
49:54
not by Donald Trump, but
49:57
by Mr. and Mrs. Magadonia.
50:00
People who are out there
50:02
complaining about all of the things that
50:04
donald trump tries to jen up about
50:07
the economy but are so willing to
50:09
give donald trump their life savings so
50:11
that a reported billionaire can go and
50:13
pay tod blanche all of this money
50:16
pop up a little bit more about
50:18
that i want to talk about where
50:20
this trial is going a lot still
50:22
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one of the ways we grow
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is through our patreon p-a-t-r-e-o-n.com/legalaf
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we have
55:06
two new
55:08
videos that
55:11
I gave now that my USC
55:13
lectures are done for this semester I'm
55:16
up and running giving lectures on patreon
55:18
popok you're giving a ton of lectures
55:20
on patreon so if people wanted to
55:23
kind of just dig deeper into these
55:25
topics and really geek out with us
55:27
on the law and just see what
55:29
it would be like to be in
55:31
a law school class with michael popok
55:34
or myself that's the place to do
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it patreon.com slash legalaf
55:38
popok during the ad break I couldn't
55:40
help but reflect as I was talking
55:43
about lawyers and responding
55:45
to your question just seeing
55:47
the dynamic of all different
55:49
lawyers aiding and abetting certain
55:51
types of conduct on
55:53
full display in this criminal trial I
55:55
mean you have Michael Cohen who's going
55:57
to be testifying soon who's now a
56:00
disbarred lawyer who got disbarred essentially
56:02
for doing work for Donald Trump
56:04
that he shouldn't have done. And
56:07
Cohen right now quite literally
56:09
has a podcast called Maya Culpa.
56:11
And Cohen's been saying, I screwed
56:13
up. I made mistakes.
56:15
I'm warning you don't make the
56:17
mistakes that I made. Hey,
56:20
I'm just giving you the red
56:22
flag. This didn't have to happen
56:24
to me. I screwed up, which
56:26
I appreciate. People deserve second chances.
56:28
And that's what Cohen's doing. Then
56:31
you have in the courtroom though,
56:33
people like Todd Blanche outside in
56:35
the courtroom, you got people like
56:37
Alina Haber who are next
56:39
iterations, if you will, of,
56:42
of, of, of what we've seen
56:44
before with Trump lawyers. Then
56:47
in the courtroom also, you have
56:49
the testimony of people like Keith
56:51
Davidson, who's a lawyer, but he
56:53
was doing these kind of
56:55
strange settlement deals where it's not
56:57
really clear what the claim was,
56:59
but they were treating them like
57:02
legal settlements for hush money payments
57:04
that were being done like Davidson
57:06
and Cohen and national inquirer. So
57:08
I just kept on
57:10
thinking about the role of attorneys, the
57:13
role of lawyers. And then you have
57:15
the prosecution standing up for law and
57:17
order and Trump attacking
57:19
the prosecutors and attacking the judicial system.
57:22
I don't know. I wanted to reflect
57:24
on that. You're totally right. And
57:26
there's going to be more lawyers in this case
57:28
that are going to be testifying, which is not
57:30
just going to be the strange situation of Keith
57:32
Davidson, who a lot of, a
57:34
lot of commentators misinterpreted his demeanor. They
57:37
were like, he seems uncomfortable talking about
57:39
some of the deals he did for
57:42
Tina Tequila and this one and that
57:44
one. Yeah. He seemed to be the
57:46
go-to lawyer when people had sex or
57:48
some sort of interaction
57:50
with a celebrity and then,
57:52
you know, they were going to go
57:54
public with it, which they're allowed to do. They want
57:56
to write a book. They want to go national inquirer,
57:58
social media, YouTube, they can. And then he
58:00
would just, as a public service, offer
58:03
to not go public if they were willing to get paid
58:05
another way. I mean, these people were going to get paid
58:08
one way or the other. Sir You
58:29
have nothing, if you have nothing to hide, then
58:31
Donald Trump just goes deep into his pocket and
58:34
he pays off Stormy Daniels and we have no
58:36
trial to talk about. But the
58:38
way through a Rube Goldberg contraption, he
58:40
paid all of this. It's the coverup
58:43
and the crime. And then
58:45
of course, Michael Cohen, but to your
58:47
point, not the only lawyer that's going to
58:49
testify about, you know, he's got clients.
58:51
So he's got to pick his way through
58:53
the attorney client privilege. I thought his answers
58:56
were more, he was more pensive and
58:58
reticent and more just the facts because he
59:00
was worried about his attorney client relationships and
59:02
privilege and ethical issues. And
59:04
that's why what we were watching him, not that he was squirming
59:06
and having to answer those questions and like, who cares
59:09
if that's how he made a living. They try
59:11
to make the, they try to make that day
59:13
that Keith Davidson is an extortionist day. Who
59:16
cares? This is not a
59:18
case about state versus Keith Davidson.
59:20
This is a case about Donald Trump
59:22
willingly participating in this scheme in order
59:25
to prevent himself from not getting elected
59:27
or not losing the election. We know
59:29
there's at least two more witnesses coming
59:31
up because back to my, back
59:34
to my handy trustee statement of
59:36
facts by the prosecutor.
59:38
Remember every paragraph in this statement that they made
59:40
a year ago and filed with the court and
59:42
gave to Trump, they know they can prove multiple
59:44
ways or they would not have written it at
59:47
all. I mean, they wrote exactly what
59:49
they can prove and no more. They
59:52
got at least two more lawyers. They
59:54
got mainly involved with Donald Trump trying
59:56
to make back channel messaging to Michael
59:58
Cohen to stay quiet. and
1:00:02
take one for the team in going to
1:00:04
prison, which Michael ultimately got
1:00:06
convicted of doing. So there's two more
1:00:09
lawyers, a lawyer C and a lawyer
1:00:11
D, that are gonna end up
1:00:13
having to testify to on
1:00:15
paragraphs 38 and 39, back
1:00:20
in the mid April of 2018 period. We
1:00:22
haven't even gotten that part of the
1:00:24
trial, but we will and we'll see
1:00:27
more lawyers that did not cover themselves
1:00:29
in any glory in doing Donald Trump's
1:00:31
bidding. And or as we've said before,
1:00:33
skirted with disaster, C Rudy
1:00:36
Giuliani, and
1:00:39
all the other lawyers indicted or convicted
1:00:41
in the various states along with Donald
1:00:44
Trump who worked for Donald Trump at one
1:00:46
time. Popak, let's look
1:00:48
ahead now in addition to those
1:00:50
lawyer witnesses to what
1:00:52
else we expect to happen in this upcoming
1:00:55
week. How long do
1:00:57
we expect this trial to last?
1:00:59
It does seem to be moving
1:01:01
rather quickly. Justice
1:01:03
Mershan has a firm grip on
1:01:06
the courtroom, really has an
1:01:08
iron fist on, he
1:01:11
has not yet fully dropped the
1:01:13
hammer to incarcerate Donald Trump yet,
1:01:15
but there's been already the contempt
1:01:18
finding that was made regarding nine
1:01:20
separate gag order violations. Earlier this
1:01:22
week, there were four additional gag
1:01:24
order violations that were brought before
1:01:27
Justice Mershan in a second contempt
1:01:29
hearing. Mershan's yet to rule there,
1:01:31
we expect him to rule soon
1:01:33
as well. The Midas
1:01:35
Touch Network and our editorial team
1:01:38
has identified more gag order violations
1:01:40
of Donald Trump. On Thursday night,
1:01:42
he posted a video from a
1:01:45
social media app called Rumble from
1:01:47
the Steve Bannon show. It
1:01:49
was Andrew Giuliani and some other
1:01:51
right-wing hosts who were attacking the
1:01:53
judge's daughter. And
1:01:56
at the very beginning of the video,
1:01:58
you hear them attack the judges. daughter
1:02:00
and then attack the judge's gag order
1:02:02
that's in place. And
1:02:04
so it clearly seems intentional and
1:02:07
willful right there. I'm looking
1:02:09
to see if on Monday, um, we're
1:02:11
going to see the prosecution bring
1:02:14
up those violations, but, uh, look, the
1:02:16
case has been progressing rather quickly, it's
1:02:18
possible we're going to have a verdict
1:02:20
in the next four to six weeks.
1:02:22
I want to get your take on
1:02:25
that. Yeah. When do you think Cohen's
1:02:27
going to testify? But let me just
1:02:29
read this to you from George Conway,
1:02:31
what he had to say about Michael
1:02:33
Cohen. He said that all of the
1:02:36
testimony he's heard in court, Conway's been
1:02:38
in court so far corroborates everything that
1:02:40
Cohen has said about the case. And
1:02:43
every bit of testimony that has come out
1:02:45
shows Cohen has come clean and is telling
1:02:47
the truth about that. Now they're going to
1:02:49
go after him and say, well, you submitted
1:02:51
this form to the taxi commission, you said
1:02:53
this to this judge, they're going to go
1:02:55
through all sorts of stuff. And it's like,
1:02:57
so what, tell me, what is
1:02:59
it that Michael Cohen is lying about on
1:03:01
the witness stand as it relates
1:03:04
to this case? And they've got
1:03:06
nothing because he's been corroborated by
1:03:08
Pekka. He's been corroborated by his
1:03:10
banker. He's been corroborated by text
1:03:12
messages. He's been corroborated by the
1:03:14
tapes. He recorded of Donald Trump.
1:03:16
He's been corroborated by hope. So
1:03:19
talk about Cohen, talk about other witnesses,
1:03:21
the length of this, uh,
1:03:23
trial. What do you make of
1:03:25
all of that? But if I'm going to use the,
1:03:28
where the prosecutors think they need to
1:03:30
be in terms of their statement of
1:03:32
facts from a year ago and the
1:03:35
pace at which the velocity at which
1:03:37
they've been able to make the first
1:03:39
half of their case, first two Roman
1:03:41
numerals, if you will, now
1:03:43
turning to business record fraud, more
1:03:46
of that, some backfill on the other
1:03:48
points with other witnesses that we know
1:03:50
are coming and then some new, new
1:03:52
issues that have not yet been presented
1:03:54
to the jury, but we know are
1:03:56
coming because they're in that statement of
1:03:58
facts about Michael Cohen. Cohen and
1:04:01
the attempt to silence Michael Cohen or have
1:04:03
him take one for the team for Donald
1:04:05
Trump that Donald Trump was also involved with.
1:04:07
Right, because you're not doing anything wrong. You
1:04:09
want to make sure that Michael Cohen, who
1:04:12
you are now claiming went rogue,
1:04:15
takes one for the team by
1:04:17
lying about your involvement and have
1:04:20
people, lawyers approach Michael Cohen in
1:04:22
order to silence him and or
1:04:24
alter his testimony. That's
1:04:27
what you do. That's what they're going to want
1:04:29
the jury to believe is consistent. So based
1:04:31
on the way they're going at the 11th
1:04:33
day mark now, knowing that it's been about
1:04:37
three and a half trial days a
1:04:39
week because there's been a couple of
1:04:41
extra dark days in there to accommodate
1:04:43
some jury issues and court
1:04:45
issues. I think we're going
1:04:48
to see another three weeks if
1:04:51
they can hang in their pace at four days
1:04:53
a week. And
1:04:57
then we have to add the defense case in
1:04:59
there. So I think the prosecution case is going
1:05:01
to take another 10 to 12 trial days-ish and
1:05:03
then they're
1:05:07
going to rest. Then
1:05:09
the case is going to turn to the defense. The
1:05:12
defense is going to put on, if they
1:05:14
can, their own witnesses. They're going to have
1:05:16
to make the decision about Donald Trump. They've
1:05:19
already told the jury that he may
1:05:22
but may not testify. And
1:05:24
so there'll be a defense case and then
1:05:26
there's a rebuttal case by the prosecution. That's
1:05:29
why even though they're moving at a fast
1:05:31
clip, this still may time out given the
1:05:33
fact that it's not a full work week
1:05:35
during the week. It ends sort of on
1:05:37
time at 4.30, which is great for the
1:05:39
lightest touch legal AF show that you do,
1:05:41
Cameron. They're not like
1:05:43
going, I've been in trials where it starts
1:05:45
at 8.30 in the morning and it
1:05:48
goes to six every day,
1:05:50
five days a week. We're not doing that here.
1:05:53
It's a lighter load that way. Great for
1:05:55
the lawyers because they can get prepared for
1:05:57
the next day. So this could really play
1:05:59
out. six or eight weeks, not
1:06:02
additionally, like another four to five weeks. And then they're
1:06:06
not done, the prosecution,
1:06:10
conditioning the
1:06:12
jury for Michael Cohen's testimony,
1:06:14
bolstering it, if you will, reinforcing
1:06:17
it. So he becomes,
1:06:21
having had every other witness
1:06:23
corroborate and evidence having corroborated
1:06:26
Michael Cohen, Michael Cohen does
1:06:28
not become the wild card
1:06:33
that the defense thinks he's going to
1:06:35
be. Or we know he's gonna
1:06:38
be a human pinata for Donald
1:06:40
Trump, whether it's Blanche or you're right,
1:06:42
Amil Bove doing it, it's, yes,
1:06:45
he's gotta, put on your
1:06:47
hard hat, Michael's gonna take some hits
1:06:49
in terms of credibility. They'll spend the
1:06:52
entire first half of the day talking
1:06:54
about Michael's convictions. I
1:06:56
don't mean that from a moral standpoint, I
1:06:58
mean that from a prison standpoint and his
1:07:00
involvement with all of this. Then
1:07:02
they're gonna have a hard day. I'm
1:07:05
talking about the defense in cross-examination because
1:07:07
Michael's not going to agree with them
1:07:09
and he has the receipts to show
1:07:11
that he's right about that he went
1:07:13
rogue and that this was his idea
1:07:15
out of the selfless bottom of his
1:07:17
heart to help out Donald Trump and
1:07:19
do his solid. I mean, that's gonna
1:07:22
be a bad day in
1:07:24
that section of the cross-examination. By the
1:07:26
time Michael gets there between Pekka and
1:07:28
Hope Hicks and Keith Davidson, we've already
1:07:30
testified, these other lawyers that are gonna
1:07:32
come up there, the people in the
1:07:35
Trump organization like Jeff McConaughey, the
1:07:37
controller, ex-controller, and some lower level
1:07:39
payment people and all of that,
1:07:42
Michael's just gonna be like, you know, just
1:07:45
tying stuff together and putting a name with
1:07:47
a face to people that they've already heard.
1:07:50
They will already have a view of
1:07:52
Michael Cohen, the jury, before Michael Cohen
1:07:54
gets there. And I don't think it's
1:07:56
gonna be overly negative. Everybody knows that
1:07:59
this was sort of a... Successful environment
1:08:01
and facts that make everybody a bit squeamish
1:08:03
at least on the majority side And they're
1:08:05
gonna have to hold their nose on some
1:08:07
of these facts About the
1:08:09
payoff of the women and Michael's
1:08:11
role in it along with his
1:08:13
boss Donald Trump orchestrating it But they'll
1:08:15
by the time Michael gets there.
1:08:17
They'll be so properly conditioned and
1:08:19
almost Normalized about this
1:08:21
is what Conway's saying about
1:08:23
things Michael Michael Cohen
1:08:26
That he will not be the white knuckle moment
1:08:29
that people thought it would be for the
1:08:31
prosecution. Let's remember that Alvin
1:08:34
Bragg Rung
1:08:38
his hands For a
1:08:40
number of months almost a year about
1:08:43
whether to do this case Because
1:08:45
he had to get comfortable with Michael Cohen.
1:08:48
That's the reporting I think Michael Cohen's own
1:08:50
reporting is sort of like that but it's
1:08:52
certainly out of the New York Times is
1:08:54
reported that Alvin needed to get comfortable with
1:08:57
Michael Cohen as a witness and More
1:08:59
importantly how the case would be
1:09:01
presented with all the other corroborating
1:09:04
witnesses and evidence to sort of
1:09:06
take the sting away from the
1:09:09
ultimate cross-examination one day of Michael
1:09:11
Cohen and Alvin Bragg
1:09:13
to his credit and
1:09:15
as and against against tremendous I
1:09:17
mean he was under so much
1:09:19
pressure That
1:09:22
I that few people would have survived
1:09:24
it from a career-wise between
1:09:26
his special prosecutor Mark Pomerance
1:09:29
Coming out right in a book about you
1:09:31
know Either this case should have been brought
1:09:33
and why it should have been brought and
1:09:36
commenting about the evidence and commenting about Michael
1:09:38
Cohen And yet Alvin Bragg talking
1:09:40
about prosecutors and quality lawyering on
1:09:42
this show Stayed the course
1:09:44
got right with Michael Cohen, but more
1:09:46
importantly got right with his prosecution team
1:09:48
and Josh Steinglass And
1:09:50
Matt and Matt Colangelo about
1:09:53
how they were going to
1:09:55
insulate Michael Before
1:09:57
Michael even took the stand so a long-winded way of
1:09:59
saying We're not ready for Michael yet. Michael
1:10:02
is coming further
1:10:04
down the road. The Sand, the classic sandwich
1:10:06
witness, he's not the first, he's not the
1:10:08
last. He's somewhere buried towards the back end.
1:10:10
We're probably a week or two away from
1:10:12
the back end, and then we'll see Michael
1:10:14
Cohen. And look, you and I will spend
1:10:16
a considerable amount of time,
1:10:18
as will Karen, about the Michael Cohen
1:10:21
testimony. But we always have to remember
1:10:23
what came before it as building blocks
1:10:25
in front of this jury, and as
1:10:27
this bell is constantly being rung by
1:10:30
this prosecutor in front of this jury.
1:10:33
Popak, two things I want to
1:10:35
touch upon briefly. We'd be remiss
1:10:37
if we didn't mention how,
1:10:40
while all of this is taking place in a
1:10:43
Manhattan courtroom with this criminal
1:10:45
trial, the Securities and Exchange
1:10:48
Commission has officially charged Donald
1:10:51
Trump's independent auditor, somebody
1:10:53
by the name of
1:10:55
B.F. Borgers. Ben Borgers
1:10:57
is the head of this
1:10:59
company, B.F. Borgers. It's based
1:11:01
in Colorado. They've been charged
1:11:03
with massive fraud, basically running
1:11:06
an audit mill, signing
1:11:08
off on audits
1:11:10
for public companies and
1:11:12
claiming that they're compliant
1:11:15
with the PCAOB standards, which
1:11:17
is the kind of public
1:11:19
accounting gold standard for public
1:11:21
companies when they're actually not
1:11:23
following those standards and they're
1:11:25
just essentially being charged and
1:11:27
accused of just signing off
1:11:29
with anything that comes before
1:11:31
it. And in some cases,
1:11:33
even just using either manipulated
1:11:35
numbers or old numbers that
1:11:37
come from a predecessor accounting firm.
1:11:40
So one of the types of
1:11:42
things that they're being accused of
1:11:44
is, let's say, a real serious,
1:11:47
you know, big four accounting firm or
1:11:50
a firm in the periphery of the
1:11:52
big four, a firm that's adjacent
1:11:55
to it says, hey, we don't really feel
1:11:57
comfortable being the ones to sign our names
1:11:59
on this. because you could be
1:12:01
held liable the same way those accountants
1:12:03
were held liable in the
1:12:05
Enron case. So when you sign these
1:12:07
independent audits, you're also
1:12:10
subjecting yourself to liability. So
1:12:13
if a company or an independent auditor said, we
1:12:16
don't want to be a part of this, and
1:12:18
they have their last work, one of the
1:12:20
things that BF Borgers is basically being accused
1:12:23
of is just not even doing their own
1:12:25
work, just like taking the spreadsheets that they
1:12:27
got and just signing off on it without
1:12:30
really doing any significant diligence. We
1:12:32
previously reported here both based on
1:12:34
our independent reporting, as well as
1:12:36
from the reporting by the Financial
1:12:38
Times a few weeks back that
1:12:41
this BF Borgers had
1:12:43
got a 100% delinquency rate, like it failed 21
1:12:45
of 21 audits by the PCAOB when 21 files
1:12:47
were audited
1:12:54
100% effective. I mean,
1:12:56
that's like pretty impressively defective that
1:12:58
every single file had an issue.
1:13:00
There were local issues. There were
1:13:02
bans of BF Borgers
1:13:04
in Canada, and Trump's prior
1:13:07
accounting firms quit, and they
1:13:09
didn't feel comfortable working for
1:13:12
Trump Media. And remember, Popak, what I
1:13:14
think needs to be talked about here
1:13:16
is the critical time that
1:13:18
this BF Borgers stepped in for
1:13:21
Trump Media. And who
1:13:23
is Trump Media going to use now that
1:13:26
it doesn't even have the audit
1:13:28
mill people to sign off on
1:13:30
it? And then it raises the
1:13:32
broader issue of this is who
1:13:34
Trump surrounds himself with people like
1:13:37
Borgers and BF Borgers versus like
1:13:39
real accounting firms that
1:13:41
you would normally expect to see in situations like this.
1:13:43
It was one of the first things I looked at
1:13:46
when this merger was announced back in, I think it
1:13:48
was late March, like who did the auditor? BF
1:13:51
Borgers. I'm like, who the heck is
1:13:53
BF Borgers? I looked at their office.
1:13:55
I saw this office that looked like
1:13:57
a rest stop bathroom. I saw a
1:14:00
bad and I'm like, this doesn't seem,
1:14:02
I don't know much about borders. I've never
1:14:04
heard of this guy before, but this doesn't
1:14:07
seem legit to me. And I raised the
1:14:09
red flag right away. Look at this guy.
1:14:11
Look at this guy. Look at this. It
1:14:13
was the first thing I said. And if
1:14:15
you all watch, you remember I said that.
1:14:17
I looked at the office. I was like,
1:14:19
what publicly traded, support a billion dollar company
1:14:21
is being audited by something like this. It's
1:14:23
not to say he may, you know, he
1:14:25
may have been a good auditor. I don't
1:14:27
know. It just raised a ton of red
1:14:29
flags and made me like instantly suspicious. But
1:14:31
the SEC charged them. He's agreed to like
1:14:33
a $14 million settlement
1:14:36
and a suspension from ever
1:14:38
appearing before the SEC again.
1:14:41
Um, but I think that that's just a,
1:14:43
it's a data point Popak of like really,
1:14:46
really, and like, it's not a witch
1:14:48
hunt. It's not a this. It's just
1:14:50
really messed up people who this guy
1:14:53
surrounds himself with. And I just want
1:14:55
competence. I just want normal people. I
1:14:57
want skilled people. I want professionals. And
1:15:00
that's what we talk about here a lot.
1:15:02
Professionals, normalcy. The, the MAGA
1:15:04
may want diapers over Dems or
1:15:07
whatever it's called right now to try to
1:15:09
turn back the, uh, the reporting about his
1:15:11
problem is gastro intestinal problems
1:15:14
during, during, um, during
1:15:16
trial. But we want,
1:15:18
as you said, we want and demand
1:15:20
competency. And the boarders thing
1:15:22
is just a long line in a series
1:15:24
of professionals putting too
1:15:26
kind of spin on it. People
1:15:28
that you're supposed to hire as
1:15:31
independence in order to protect
1:15:33
the investing community, um,
1:15:35
uh, the, as a requirement of you to
1:15:37
have a, a, a corporate
1:15:39
license to operate a certain state.
1:15:42
And so does any, is anybody
1:15:44
shocked on our side that
1:15:46
Donald Trump having been fired by his
1:15:49
and his company being fired by his
1:15:51
long time outside auditors, um,
1:15:53
mazers who eventually became witness
1:15:56
for the prosecution or witness for the
1:15:58
attorney general and the civil fraud. case,
1:16:00
not only quit him after 10 years,
1:16:02
but issued a statement that we
1:16:04
reported on two years ago that became critical
1:16:06
to the case against Donald Trump for civil
1:16:09
fraud, which a judge has already
1:16:11
found him to have committed with his family
1:16:13
civil fraud in a crime spree that lasted
1:16:15
over 10 years. And
1:16:17
it's companies, anybody surprised that when they quit,
1:16:19
they also said, and by the way, everything
1:16:21
that we've told the outside world and
1:16:23
counter parties about reliability of our financial
1:16:26
statements that we certified, uh,
1:16:28
is false, you can't rely on them because
1:16:30
we can't rely on the client, which is
1:16:32
Donald Trump. So that's mazers. Then when, uh,
1:16:35
Donald Trump decided to use this SPAC
1:16:37
to go public, the special purpose acquisition
1:16:39
company to go, to go public, he,
1:16:41
as you said, that he had another
1:16:44
auditor that was a decent auditor in
1:16:46
all this, uh, with them Smith and
1:16:48
Brown, which people in that sort of
1:16:50
SPAC world knew, but after
1:16:52
several months, uh, with them Smith and
1:16:54
Brown said, uh, you're
1:16:56
fired, uh, to paraphrase of
1:16:59
the apprentice, we don't want to be a
1:17:01
part of Trump world, even before they went
1:17:03
quote unquote public. And then Donald Trump had
1:17:05
a scramble and who does he find Ben
1:17:07
Borgers who you just found, I was involved
1:17:10
years ago in, in suing
1:17:12
a auditing firm for
1:17:15
a client in Florida, public, a public
1:17:17
client, not publicly traded, but a public
1:17:19
client, a government client down in Florida
1:17:21
and almost the eerily, the same kind
1:17:23
of allegations that they were a mill
1:17:25
that was churning audits and had missed
1:17:27
key things in, in our clients, books
1:17:30
and records that if the board had
1:17:32
known about it, they would have made
1:17:34
some other decisions and instead they lost
1:17:36
millions of dollars. So that's what we
1:17:38
were suing the auditor for. And that's
1:17:40
what the SEC has claimed that Borgers,
1:17:42
that's why there's a hundred percent fail
1:17:45
rate because they were cutting and pasting
1:17:47
and they were churning audits, not doing
1:17:49
the actual work. I can't even believe
1:17:51
based on that rest stop photo of
1:17:54
their office, there's enough people to do
1:17:56
an audit that's required. Now that
1:17:58
would explain why I. saw some weird, you're
1:18:01
talking about red flags. I saw some weird
1:18:03
reporting about a week or two ago, uh,
1:18:05
that said that there were 13
1:18:08
spelling errors of the Trump name
1:18:10
or Trump organization in
1:18:12
the boarders, work papers, or filings. I
1:18:14
was like, well, how do you get
1:18:16
the name of the client wrong? Right.
1:18:18
Because you're cutting and pasting from something
1:18:20
else because you're not doing the work,
1:18:22
you're just doing the doc.
1:18:25
You just making documents. You're making, you're
1:18:27
making audit files without really doing the
1:18:29
audit and, but even
1:18:31
that then talk about, you
1:18:33
know, you're, you know, you're doing bad
1:18:35
and fraudulent things and you're Donald Trump
1:18:37
when even your phony auditor. Made
1:18:40
a disclosure a month ago
1:18:42
that said this company, Trump
1:18:45
media is on the verge and
1:18:47
teetering on bankruptcy. You know, when
1:18:49
they even that company that you're
1:18:52
paying to not really
1:18:54
do an audit had to reveal
1:18:56
that before they were caught by
1:18:58
the SEC in other, in other
1:19:00
fraud, but what you don't have. And that's a
1:19:02
very good point you made, Ben, to
1:19:05
reinforce you and I
1:19:07
from our careers have
1:19:09
worked with and will work with in
1:19:12
all of the professional worlds that
1:19:14
are adjacent to the law, auditing,
1:19:17
accounting, forensic
1:19:19
examination, um, you
1:19:22
know, uh, uh, you know, and
1:19:24
other things like other outside lawyers.
1:19:26
When I was an inside lawyer, hiring
1:19:28
outside lawyers, we worked with
1:19:31
people that were either top
1:19:34
five in their practice areas
1:19:37
or top five firms as
1:19:39
recognized by every credible list or
1:19:42
on the American lawyer, which ranks the
1:19:44
top 200 or 500 law firms somewhere in
1:19:46
the top 10, 20 or 30 of those lists. And
1:19:50
then, or, or invest lawyers or chambers,
1:19:52
all these other rating and review agencies,
1:19:54
uh, that are out there that exist.
1:19:57
And those are the people that we work with. I
1:19:59
could never. As
1:20:01
the Deputy General Counsel and Head
1:20:04
of Litigation globally for a Wall
1:20:06
Street firm, financial services firm, I
1:20:08
could never bring in a
1:20:10
boarders to be
1:20:13
the auditor. My boss and the owner
1:20:15
of the company would say, I'm sorry, excuse
1:20:17
me, who? What is this? Because
1:20:19
you need to be able to look aboard
1:20:21
a public, a regulator
1:20:23
in the eye with a straight face
1:20:26
and say, these
1:20:28
are the people that are protecting the people's
1:20:30
money, that are protecting and
1:20:32
making sure that playing field
1:20:34
is level and that they're independent.
1:20:38
Especially when you have regulators, and you and I
1:20:40
talked about this, even
1:20:42
though it's making potentially, potentially
1:20:44
Donald Trump billions of dollars
1:20:46
on paper, him
1:20:49
going public and being subject to
1:20:51
the Securities and Exchange Commission, especially
1:20:53
one where he doesn't get to
1:20:55
appoint the head of it because
1:20:57
he gets elected again. Maybe
1:20:59
his worst nightmare and lead to his financial
1:21:02
ruin, because the Securities and Exchange Commission led
1:21:04
by proper people like we have right now
1:21:06
under Gary Gensler and others,
1:21:08
led by Joe Biden,
1:21:12
they don't play. And they
1:21:14
will bring down Donald Trump and this
1:21:16
organization, even though they let them go
1:21:18
public after there was an earlier fraud
1:21:21
scandal and delayed them for a year,
1:21:23
even though, but this is the only way Donald
1:21:26
Trump can get the massive amounts of money that
1:21:28
he wants. Private investment was not going to do
1:21:30
it. He was not going to get professional investors,
1:21:32
even if he went to Dubai or Saudi Arabia,
1:21:34
to give him the billions of
1:21:37
dollars that he can get from
1:21:39
a gullible public that is pumping
1:21:41
up the stock for him, because
1:21:43
they believe in diapers over
1:21:45
Democrats. So he had to
1:21:48
go, but that is a dangerous and
1:21:50
treacherous route for him because of the
1:21:52
Department of Justice, Civil Division and the
1:21:54
Securities and Exchange Commission. And I think
1:21:56
this, thought you like talking about red
1:21:58
flags, I agree. This is maybe the
1:22:00
first shoe to drop is
1:22:02
this fraudulent auditor. The
1:22:05
crosshairs are on there. I'll just speak
1:22:07
to you from one last thing about
1:22:09
my career in representing financial
1:22:11
services companies. When the SEC
1:22:14
or another federal regulator gets it
1:22:16
in their head that a company
1:22:18
that they are regulating or auditing
1:22:21
is a bad company culturally, they
1:22:24
are on them. The crosshairs
1:22:26
almost never come off and
1:22:29
they will bring that company
1:22:31
eventually down. That's what
1:22:33
I believe is I think everyone on
1:22:35
the regulator side believes that all Trump
1:22:37
entities are a bad
1:22:40
company, bad companies and bad culture
1:22:42
and they will not relent. Talk
1:22:44
about it. I don't know. It's
1:22:46
not a witch hunt. It's just
1:22:48
regulatory focus when they think a
1:22:50
company is bad and it's public
1:22:52
facing. Which is one
1:22:54
of the reasons that Trump
1:22:56
and others in MAGA want
1:22:58
to remove all regulatory frameworks
1:23:01
to allow the kind of
1:23:03
deterioration of markets working
1:23:05
efficiently and then they gaslight and
1:23:07
claim it's in the interest of
1:23:09
free markets when actually you have
1:23:11
this manipulation taking place. I think
1:23:13
it's appropriate to kind of conclude
1:23:15
with this. Donald
1:23:17
Trump's judgment or I should
1:23:19
say lack of judgment or
1:23:22
dangerous decision making made him
1:23:24
say, you know who I'm
1:23:26
going to take as this
1:23:28
independent auditor or after
1:23:30
no one else wanted to work with
1:23:32
him because of the conduct he was
1:23:34
engaged in. BF Borgers, an
1:23:36
audit mill. Now the
1:23:39
same person who says I want
1:23:41
BF Borgers was the person who
1:23:44
made life or death
1:23:46
decisions when COVID hit our
1:23:48
shores. I want you to think
1:23:50
about that. This is the person who made life
1:23:52
or death decisions while he was in office and
1:23:54
that is why there were so many issues, so
1:23:56
many systemic problems and when President Trump was in
1:23:58
office, he was in office. President Biden came
1:24:01
into office. He had to deal
1:24:03
with failed trade wars by Donald
1:24:05
Trump. Trump's excessive borrowing,
1:24:08
which is the cause of inflation
1:24:10
when you borrow and print money
1:24:12
as recklessly and carelessly as Donald
1:24:14
Trump did. I know the right
1:24:16
wing wants to talk about debt
1:24:18
and all of these things. Well,
1:24:20
Donald Trump added $8 trillion
1:24:23
of debt. More than
1:24:25
25% of all debt is
1:24:27
by this person. You
1:24:30
just have to take a look at the SPAC.
1:24:34
This is how he's run everything
1:24:36
his entire life. Look, even the
1:24:38
disclosure form that he filed when
1:24:40
the SPAC went public and it
1:24:42
had the reverse merger, the
1:24:45
SEC requires you to disclose your
1:24:47
bankruptcies. This is not a
1:24:49
political thing. This is not, oh, you're
1:24:51
a lefty. You're calling this out. No,
1:24:54
I'm just letting you know this is
1:24:56
Donald Trump's own filing. A
1:24:58
number of companies that were associated with
1:25:00
President Trump, how he refers to himself,
1:25:03
and so you know it's him, have
1:25:05
filed for bankruptcy. There can be no
1:25:07
assurances that Trump media will not also
1:25:09
become bankrupt. Entities associated with Trump have
1:25:11
filed for bankruptcy protection. The Trump Taj
1:25:14
Mahal, which was built and owned by
1:25:16
Trump, filed for Chapter 11 in 1991,
1:25:18
the Trump Plaza,
1:25:20
the Trump Castle, the Plaza Hotel, all
1:25:22
owned by Trump at the time, also
1:25:25
filed for Chapter 11 bankruptcy in 1992.
1:25:28
T-H-C-R, which was founded by Trump
1:25:30
in 1995, filed for
1:25:32
Chapter 11 bankruptcy in 2004. Trump
1:25:35
Entertainment Resorts, the new name given
1:25:37
to Trump hotels and casinos after
1:25:39
its 2004 bankruptcy
1:25:42
declared bankruptcy in 2009. Then
1:25:45
they list others. A number of companies
1:25:47
that had license agreements with Trump failed.
1:25:49
And there can be no assurance that
1:25:52
TMTG will also not fail. Trump Shuttle,
1:25:54
launched by Trump in 89, defaulted on
1:25:56
its loans in 1990 and
1:25:58
ceased to exist by Trump
1:26:01
University, founded in 2005, ceased
1:26:03
operations in 2011 amidst lawsuits and
1:26:06
investigations. Trump Vodka, a brand of
1:26:08
vodka, was introduced in 2005, discontinued
1:26:10
in 2011. Trump
1:26:14
Mortgages, a financial services company founded by Trump
1:26:16
in 2006, ceased in 2007. gotrump.com,
1:26:20
a travel site founded in 2006, out
1:26:22
of business in 2007. Trump
1:26:26
Stakes, founded in 2007, discontinued
1:26:29
sales two months later. That's
1:26:33
Trump's own disclosure right there. And
1:26:35
then you look at how you
1:26:37
got BF Borgers, and as you
1:26:39
mentioned, Popak, Mazers resigned. Markham,
1:26:42
another accounting firm, resigned.
1:26:46
Witham Smith Brown, Witham
1:26:48
Smith Brown, resigned. Resigned, resigned, resigned.
1:26:51
Then you look at Trump in
1:26:53
office, he's not being supported by
1:26:55
his former vice president. He's not
1:26:58
being supported by his former defense
1:27:00
secretary. He's not being supported by
1:27:02
his former national security advisor. Think
1:27:05
about it. These are interrelated
1:27:07
concepts, and one of the points where
1:27:09
we're at the intersection of law and
1:27:11
politics that we always talk about is,
1:27:13
this is not, oh, y'all are coming
1:27:15
from it from the left, or this
1:27:17
is a liberal ... There's nothing left
1:27:20
or liberal about any of this.
1:27:22
These are just the facts, and
1:27:24
we need to live in an
1:27:27
objective reality where we can look
1:27:29
at this conduct and call out
1:27:31
fraud, call out lies, call out
1:27:34
failure. And that's what we need to
1:27:36
do. It is people who
1:27:38
want to politicize objective
1:27:40
reporting, that's the politicization in order
1:27:43
to try to hoist up this
1:27:45
loser, this failure, this fraud that
1:27:47
is Donald Trump, and that's not
1:27:50
hyperbolic. It's just, take a look
1:27:52
at the filings. It's failure, it's
1:27:54
fraud, and it's just continuing to
1:27:57
lose over and over again. Let
1:28:00
me say Michael Popock, thank you for everything
1:28:03
that you do. Your breaking
1:28:06
news updates are incredible, incredible.
1:28:09
Professor Popock on
1:28:11
patreon.com/ legalaf, patreon.com/legalaf.
1:28:14
There is exclusive lectures. If
1:28:16
you really want to geek
1:28:18
out on the law, see
1:28:20
the type of lectures that
1:28:22
I would give to my
1:28:25
law students and undergrad students
1:28:27
that Professor Popock would give
1:28:29
as well. It also helps
1:28:31
build this network. People
1:28:33
are really enjoying it. I think we have almost
1:28:35
3,000 patrons already. Let's
1:28:38
try to get that to 10,000. It's
1:28:40
patreon.com/legalaf. One more
1:28:43
time, patreon.com/legalaf. We'll
1:28:46
keep everybody updated
1:28:50
as we go throughout the week on
1:28:52
everything relating to this Trump criminal trial.
1:28:54
Make sure you subscribe. Let's get to
1:28:56
3 million subscribers together and make sure
1:28:58
you subscribe to Legal
1:29:01
AF on audio podcasts as
1:29:03
well. Thank you all so much.
1:29:05
Popock, always a pleasure. People
1:29:08
go, call him Michael Popock, but
1:29:10
we both call each other by our last
1:29:12
names. Popock's not offended when I call him
1:29:15
by his last name. All
1:29:17
my best friends have always called me Popock. My
1:29:19
wife sometimes calls me Popock and she is a
1:29:21
Popock. You see, that's an
1:29:23
evidentiary admission right there. See you next time
1:29:26
on Legal AF. Have a great one. Shout
1:29:28
out to the Midas place.
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