Who Does Donald Trump’s Indictment Help? Jared Kushner

You might have missed it, but Donald Trump was not the only very senior member of the Trump family to make headlines yesterday. Yes, Trump became the first American president to be indicted on criminal charges. But, in the midst of the brouhaha as that story broke, The New York Times published an important news story about Jared Kushner’s investments in the Middle East. Kushner, remember, is being investigated by Congress for the appearance of quid-pro-quo policy-making in the region while he was in the White House. (He has denied doing anything improper).

Yesterday, it was revealed that not only did Kushner receive investment from Saudi Arabia, after leaving the White House, but also from the United Arab Emirates and Qatar. Qatar, remember, is the state that was pressured by the Saudis and Emiratis in a blockade supported at first by the Trump White House – and then, around the same time that Jared’s dad, Charles, got bailed out of his financial difficulties…

Read the rest at Vicky Ward Investigates

Inside Michael Cohen’s U-Turn on Trump – and My First TikTok

Ok, so I thought it would be appropriate to record my first ever TikTok on the day the CEO testifies to Congress. It might also be my last, if the Biden Administration succeeds in getting it banned or sold.

Was it worth it? Not sure. It’s a fiddle. I am probably not doing it right, in that it offered me a plethora of asinine graphics to post around me, as well as music, which would have drowned out my words. (A plus or a minus depending on your POV). Anyway, let me know what you think in the comments section.

For those who don’t want to press PLAY, I was talking about former Trump attorney, Michael Cohen: the controversial star witness if Manhattan DA Alvin Bragg does indict Trump around l’affaire Stormy Daniels. (Pun intended).

I know Michael well. I spent many hours with him in 2017 and 2018.

So, I watched in real time as he moved positions from “I’d take a bullet” for Trump to pleading guilty to , among other things, his role in the campaign finance fraud in which Trump was the alleged instigator. I listened as Michael slowly began to realize that his former boss, “the big guy” was not going to do anything to protect Michael as the Feds closed in.

I was looking at my old notes and I’d forgotten a telling detail that Cohen told me in October 2018. About that “I’d take a bullet” quote.

Here’s the gist of what he said, per my notes:

Read on at Vicky Ward Investigates

Tables are Truly Turned for Trump Ally Tom Barrack

It feels like a minute ago I was in the Brooklyn Federal Courthouse, bringing you regular dispatches from the trial of the billionaire financier, and longtime Trump friend, Tom Barrack.

In fact, it was only November. You can read my summation of what happened here.Barrack, 75, and his young aide Matthew Grimes were acquitted of all charges against them, in Barrack’s case alleging unregistered lobbying for the United Arab Emirates.

I wrote how, among other things, it was, in my humble opinion, Barrack’s masterclass on the witness stand that was most critical to his defense. (Alex Murdaugh, perhaps, should have taken notes). Barrack’s life-story, as he told it, softly and self-deprecatingly, was the narrative of his steep upward trajectory from the son of a grocer to a globe-trotting tycoon. It was the epitome of the American Dream. Or what used to be the American Dream, when kids still aspired to live in a home of their own, and drive their own cars. You could see in real time the jury’s growing admiration of him – and increasing boredom with the complexity of the crimes he’d been charged with that involved a foreign state they’d most likely never heard of.

Still, I wondered after his acquittal, what his future held. When you go through something like that, how impossible must it be, to slip back into old routines, old relationships. He had testified that he spent three weeks out of four traveling on his plane, wheeling and dealing. And now?

Read the rest at Vicky Ward Investigates

I Say To Dems: A Bragg Indictment Of Trump Does You No Favors

Vicky: Sam, So if Trump is arrested and indicted, as he says he’s going to be on Tuesday, what does it do for him with the G.O.P? What does it do for him in the polls?

Sam: From a political point of view, particularly in the G.O.P primary, there will be a sharp uptick in support for President Trump.

We’ve seen this when there was the raid on Mar-a-Lago, his numbers went up immediately, even during the January 6th committee hearings, and then eventually they fell down….So, right now, nationally, he probably has anywhere from a five to 12 point lead over DeSantis who is slowly flailing. And I suspect that it could go up as high, as high as 20 points, maybe even higher.

Now, the reason being is that the G.O.P. will find something like this, as opposed to last year’s civil suit, to be an egregious miscarriage of prosecutorial discretion by a liberal elite D.A. The underlying facts of the crime are ridiculous. No politician ever gets in trouble for this… But what I would say to all your listeners, many of them who don’t like Donald Trump, many of them who believe that Donald Trump is a threat to democracy, that Donald Trump could never go into the Oval Office, that Donald Trump committed many, many crimes: This DA Bragg has done you no favors with this indictment because it’s going to de-legitimize any other indictment coming down.

Read the rest of our conversation at Vicky Ward Investigates

The Final Stretch

Some of you have asked for more of a look into my world. What it’s like when potential stories rain on you, as they are this week. What do you do? Who do you call?

While I love the fact that “corruption” is an extremely broad category, encompassing international politics, finance, the law the culture… it’s tricky when there’s Epstein-related news, Kushner-related news, British royal family news, Hunter Biden-related news, Trump Investigation news, a market meltdown and campus culture war news – and it’s only Wednesday. It can be paralyzing. That’s why it’s so helpful to hear from you what topics you are interested in. I’m going to continue to poll you at the bottom of the page. And we are going to start some Q and A sessions going forward, where I get to hear more from you. And we have a dialogue. Please write in the comments section topics you’d like to address with me through a live chat session.

Today I want to mention the campus culture war news from Stanford Law school. You‘ll recall I did a series of deep dives about an event that got shut down at Yale Law School almost a year ago (here and here), so the fight over free speech at our top law schools is something I’m fascinated by. Why do law students at the top law schools in the country heckle visiting conservative speakers, this time a Trump-appointed Judge, to the point that they get accused of censorship and find themselves, I’d argue, on the wrong side of the mainstream narrative? They run the risk of looking primitive, when they are anything but. They are the brightest and the best in the country.

It’s a subject I’ve been researching for a deep-dive project that I’m not ready or at liberty to disclose yet. But what I can tell you, as I write this on March 16 is that for the second time in my career we are approaching deadline time for an Audible podcast series. I find myself thinking a lot about the spring of 2021 when we approached a deadline for Chasing Ghislaine – my first Audible podcast series. It was a huge learning curve. Not least because when you write for the ear you need to write in themes, as opposed to chronologically, which is what you mostly do for readers.

Perhaps the most surprising discovery of all was that the closer we neared to the end for Chasing Ghislaine, the more my colleagues insisted I rest! How unusually solicitous, you might be thinking! But they were governed by a very practical concern: my voice. It turns out that your voice really suffers if you are tired or de-hydrated. And just as if a movie star is late, ill or has a melt-down (see news reports of the new Jamie Fox/Cameron Diaz movie shoot in London) it halts production, so too, if a podcaster’s voice cracks, it wrecks the studio schedule. It’s a whole costly saga! And my voice did get tired one after during production for Chasing Ghislaine – annoyingly on a day after which I thought I’d got a good night’s sleep.

Read on at Vicky Ward Investigates

Questions, Questions, Questions…

Apologies for the gap between posts. I succumbed to the flu and by the time I started to see straight, it felt like everything else had turned upside down.

To me, the SVB crisis feels like deja vu. That’s because I spent the months after the 2008 Financial Crisis interviewing many of the former senior lieutenants at what had been Lehman Brothers for what would become my 2010 book The Devil’s Casino.

Is what had happened at SVB exactly the same? No and yes. In fact I spoke to one or two of my old Lehman sources who told me they thought it was right in the current environment of high inflation that regulators protected the deposits of SVB’s customers. (They still believed that it was wrong that the government had let them fail back in 2008, seeing it partly as the result of a long-standing rivalry with Goldman Sachs).

But there are echos of 2008 and Lehman in the SVB narrative. That SVB’s CEO reportedly sold millions in stock shortly before the bank run is reminiscent of the behavior of Lehman’s president Joe Gregory who had cashed several hundred million dollars of stock, and asked for a further $233 million from the Lehman estate after the bankruptcy. That US regulators worked all weekend to come up with a solution and that the SVB UK got acquired in the nick of time by HSBC after British lawmakers, including PM Rishi Sunak stayed up all night reminded me how in 2008, at the end of that cataclysmic September weekend of desperate negotiations, the British arm of Lehman got deserted by the US and woke up Monday morning with no funds. I reported how Lehmans’ General Counsel, Tom Russo phoned his UK counterpart and said “you are on your own.” You can be sure that the British remembered that, too, these past hours.

 

In time I am sure we will come to learn more of the details of the mistakes, the overreach, and the culture that caused the debacle, but for now we live with questions.

And speaking of questions: Going into the weekend, I spent time on the phone fielding questions on two topics I’ve touched on before. First is Jes Staley.

Read the rest at Vicky Ward Investigates

The Royal Family’s Suprising Role Model? Fergie

I was flicking through my news feed last night, and saw that Sarah Ferguson, Duchess of York, or Fergie as all Brits still affectionately call her, was in the US, talking up her new novel, A Most Intriguing Lady.

I haven’t been paying much attention to the minutiae of the Fergie’s life so it took me a few mouse clicks to get up to speed and learn that she’s written several novels, and has a contract to write 20 more. She’s so successful she says she is now is in a position to support her ex-husband, Prince Andrew, with whom she lives.

The Queen’s corgis are now in her care. Think about what the enormity of that gesture shows. The Queen’s late husband banned Fergie from the house. But the Queen entrusted her with the creatures she loved most.

In one of Fergie’s TV interviews, I noted that she was generous about absolutely every member of the British Royal Family who came up in conversation. She didn’t dwell on the bad, she harped on the good. She said she was thrilled that Harry had found love as he deserved. She adores her ex-brother-in-law King Charles. The invitations to the Coronation have not gone out yet. If she’s not invited to the Coronation, she will pass the time eating coronation chicken. And sausage rolls.

Read the rest at Vicky Ward Investigates

Trump vs DeSantis: What Trump’s Recent Bump In the Polls Could Mean Longterm?

Listen to our conversation at Vicky Ward Investigates.

“Billionaire Time…”

Today I wanted to mention a slightly different thought about why Trump and Kushner were dangerous for America. It has to do with the dangers of being too rich before going into office: Reed Galen of the Lincoln Project asked me about this. And I hope you will listen.

I wasn’t feeling great when I did this last week, having just broken my shoulder, falling on the ski slopes. (Yes, I am a terrible skier and I will not be missed on the mountain). Normally, for something like this, when I don’t know the subject ahead of time, I get anxious as to whether or not I’m completely up to speed on all the different current events in the world. I read as much as I can every day but even so, you can miss things, especially when you are working on a deep dive, which I have been these past months – and will be a little while yet. (I’ll tell you about that when I’m able).

The issue with real estate is that it’s an industry with very few rules and regulations. Unlike Wall Street firms which tend to have strong cultures, most developers just do whatever they want. It’s a ruthless world where one person’s victory is another’s loss, and where people lie frequently in order to re-trade a deal at a more favorable price or just to win. There’s a reason the annual industry party in New York, after which I named my book, is called by its own attendees “The Liars’ Ball.”

This was the culture that both Trump and Kushner grew up in and imported to Washington, DC. I reported in my 2019 book, Kushner, Inc., how when one prominent Middle Eastern financier, the former Qatari Prime Minister “HBJ” visited Trump in Mar-a-Lago early on in the Administration, he remarked afterwards he’d found our leaders “open for business….”

Read the rest at Vicky Ward Investigates.

Ukraine War Special: Would You Get Pregnant Because Putin Promised To Pay Your Mortgage?

Yesterday, I ran part one of my Ukraine War One Anniversary Special Q and A with the Russian American supermodel, Kira Dikhtyar, who has a cousin fighting for Ukraine and another fighting for Russia.

Today, in Part Two, Kira reveals that, after what felt like an impossible start, she has figured out how to work successfully in the US and, that she is 10-weeks pregnant with her second child. Her eldest son lives in Moscow. She explains that a huge incentive for the pregnancy was the fact that, last Fall, Russian President Vladimir Putin increased the value of his policy of Maternity Capital, as an effort to repopulate Russia following the death-toll from the war in Ukraine. Kira explains she will receive half a million Russian rubles for giving birth to her second son, as long as he’s born under the Russian flag, which can happen, even in the US.

The following is edited and condensed for clarity.

Kira: I’m ten weeks pregnant. Because of the increased numbers of men going to war, Putin increased maternity capital, especially maternity capital for the second child – to sky high numbers.

It happened right after the militarization started. I think three or four months ago, Putin made a statement that he raised the maternity capital, which in Russia already existed.[to combat falling population numbers.]

So basically for the first child you get a certain amount of money from the government. For the second child you get a large amount of money for the government. Same with the third child.

But because of the militarization Putin said when there were like 80,000 graves that came back from the war, he said that 80,000 graves is 200,000 unborn children demographically.

So he is really looking after the country, not only now but in the future. So if you have a second child you get half a million in Russian rubles, and you can use it for a mortgage on an apartment. So basically, you can get an apartment in Russia, like a two bedroom apartment for this kind of money, from the government to stimulate childbirth.

Vicky: Well first of all, are you planning to go back to Russia or are you going to stay here and have your baby?

Read the rest of our conversation at Vicky Ward Investigates.