Jon Stewart Deconstructs Trump’s "Victimless" $450 Million Fraud | The Daily Show

Welcome to The Daily Show my name is John Stewart we've got an unbelievable program prepared for you tonight Gary Clark Jr is going to be here later to do a littleit get the smoke machine going uh but before we get to that let's bring a little meaning into all our lives let's let's get to I don't know what I'm talking about let's get to the big news today breathless anticipation at Trump Tower over an important and perhaps Earth development in the world of former president Donald J Trump celebra

tions are underway for former president Trump after claiming he won two golf trophies at his West Palm Beach Club that's right woke Libs you think Donald Trump is a loser well would a loser brag about winning a golf tournament at his own course I I don't think so although obviously Trump has an advantage playing golf it's difficult for his opponents to stay focused when they spend all that time staring at that ass come on a lot of times golfers let you grab them by the they love it if you're a c

elebrity that's worst Trump impression in the history of actually Trump one of the few talented golfers who has a thick ass and uh a front butt he has a front butt so what it does is the butt and the front butt become like a big like a ball like a big ball the back and the front it it helps with the center of gravity it's like being on a hippity hop but I'm kidding of course congratulations to Donald Trump on winning the uh Trump cup uh I'm actually talking about today's big Trump legal developm

ent the clock is ticking for former president Donald Trump he'll need to post a nearly half a billion dollar bond in order to satisfy his New York civil fraud case judgment otherwise the state could begin seizing properties to pay for it damn that's right all week we sat with breathless anticipation to see if Trump had $454 million in his wallet or would Trump Tower be turned over to New York City to perhaps ease our terrible housing crunch or more likely do what they always do another shitty Wa

lgreens I think I think another shitty Walgreens whose shelves are bare from the Rogue bands of shoplifters thanks a lot David dinkin is he I don't know very small percent is the audience who will understand what I but the ones that do as you can imagine the prospect of trump being held accountable for what would be the first time had the media enthralled Donald Trump is running out of time to find $464 million the former president's legal problems May finally be catching up with him could this

be the beginning of the end for Trump's business Empire it does seem as though we are getting closer Trump filling the walls closing in on him panic mode I'm told is setting in I think we're going to be writing a version of an obituary of of the Trump organization rip the Trump organization it died as it lived fraudulently look folks it is very difficult to come back from an obituary it looks like it's the end of the line for Donald J Trump Esquire no way he comes up with half a billion dollars

by the end of the day I've been saving this since 2016 and it's finally here and and and it's finally here Judgement Day moments ago the former president got a financial Lifeline from a New York appeals court [Applause] this isn't going to be good it reduced the bond he must pay in the Civil fraud case from more than $450 million to $175 million and gave him more time to pay for it well that's still something that's 10 days to come up with 17 million that I mean unless he's about to come and do

a ton of money I don't see how he does that the recent merger of Truth social could net the former president some $3 billion [Applause] mother that that is New Year's Eve stupid you know let's let's take a step back what did Trump actually do to earn this penalty well it turns out that for a decade whenever Trump wanted to get a loan or make a deal he would illegally inflate the value of his real estate for instance suggesting that his 11,000 foot Penthouse was a 30,000 sqt Penthouse I guess som

ehow including the sky in the calculation we all do it I mean in my license I'm not listed as 5'7 you know um I'm listed as 30,000 square [Laughter] feet and the that's thank you and the Attorney General of New York knew that Trump property values were inflated because when it came time to pay taxes Trump undervalued the very same properties it was all part of a very sophisticated real estate practice known as lying so the judge calculated that the value that he gained from the lying with intere

st was around $454 million now you might be saying to yourself well that sounds pretty straightforward whatever gains you got from lying you have to pay back well that's because you're aing idiot no if you knew anything about business if you had an NBA you'd know OT we're talking about a victimless crime they find an ordinance or a law that has never been used ever before in anyone else he's committed bank fraud where there's no victim it makes no it makes no sense no victims there was no victim

the ruling is blatantly unfair that didn't go over very well with the investment Community because we're all asking each other who's next ah who's next the persecuted minority of the investment Community First first they came first they came for the arbitragers and I said nothing for I was not an arbitrager and then they came for the quants which I could be I don't know what a Quant is but I am surprised to hear this from Kevin O A guy who's such an wait that even the other people on Shark Tank

thinks he's an now he's very chill I'm surprised to hear that he's so chill about overvaluing something that he thinks is victimless because when someone tries to do that to him which one of you do I absolutely tear to pieces now on a $28 million valuation you think this is worth $10 million absolutely now I'm going to rip your pieces are you out of your mind your valuation is insane your valuation is crazy I think that's a crazy valuation I think your valuation is stinky poo [Applause] poo oh

no you didn't God Canadians are so vulgar how is he not this mad about overvaluations in the real world because they are not victimless crimes first the banks got paid back at lower interest rates although to be honest who gives a but second money isn't infinite a loan that goes to the liar doesn't go to someone who's giving a more honest evaluation so the system becomes incentivized for corruption and this is part of a different Trump fraud case but a voiding taxes hurts all of us Donald Trump

Shenanigans cost the city of New York and to be honest and let's be frank here that is money that the city of New York could have used to build more Walgreens now some blocks only have two of [Applause] them leave it to Kevin o to be unaware enough to say the quiet part out loud I hear about the the so-called victim's crimes but the laws on the books falsification of business records in second degree issuing false financial statements insurance fraud conspiracy and all these different aspects of

it those are are actual crimes I take it your point is that these should not have been prosecuted everything you just listed off is done by every real estate developer everywhere on earth in every city this has never ever been [Applause] prosecuted there is a theory in law that if enough people commit a crime it automatically becomes legal you're familiar with the purge are you not the in entitled arrogance I don't know if you know this but most people just can't commit fraud and expect to face

no repercussions even if everyone's doing it try getting a car loan by saying you have 10 times as much money as you really do or claim 20 dependents when you have no children or say you make slightly less money to qualify for food assistance I will guarantee you there are not just Financial consequences for those lies but Criminal ones but don't tell that to the investment Community because in their minds in pursuit of profit there is no rule that cannot be bent there is no principle that cann

ot be undercut as long as you and your friends making money and the only immoral practice hold on I'm not done if I could wait if I could raise my chair up I would apparently the only immoral practice in the capitalist system is to use that money for people who may need it fraud waste and abuse people never want to be honest about but a lot of these parents who you know they abuse the system a lot of them are encouraged to abuse the system where do you think the money that you get for food stamp

s and other things come what who do you think pays that money your Healthcare you're taking their money and you just don't seem to care the guy who walks out of the store with a bag of food is he entitled to it because food is a necessity and he doesn't have enough of it you knew nutrition needing mother bringing our system to its knees stealing is only Justified when you already have too much ultimately whether or not Trump is a victim of selective prosecution it's going to be a matter for the

Supreme Court to decide luckily that is an institution which still holds the trust of the American people because of its Integrity for years Justice Clarence Thomas has secretly accepted luxury gifts from a GOP Mega owner Harland Crow gifts like private jet flights luxury yacht cruises and according to the report the Supreme Court Justice never reported them on annual Financial disclosures victimless it's a victimless [Music] crime