Trump OPENS Himself Up to DISCOVERY NIGHTMARE in PATHETIC LAWSUIT

What this episode is about

Donald Trump's recent lawsuit against JP Morgan Chase highlights contradictions in his claims about being debanked due to conservative values, juxtaposed against ongoing legal challenges involving his various entities, including Truth Social. The lawsuit appears to serve as a distraction from his mounting legal troubles and questions regarding his credibility, particularly given his history of fraud-related convictions and the ongoing scrutiny of his business dealings.

Key takeaways

• Trump's lawsuits reveal a pattern: when the truth doesn't serve, invent a new distraction.
• Being debanked seems less about conservative values and more about persistent fraud on the resume.
• JP Morgan Chase's blacklist isn't political; it's a 'Know Your Customer' compliance nightmare.
• Truth Social's $8 million loan may raise more questions than it answers, especially from a Putin affiliate.
• In a litigious chess game, Trump plays checkers; the rules of compliance don’t let him skate.

Who speaks in this episode?

• Michael Popock (Host) · 17 min speaking
• Jamie Dimon (Guest) · 1 min speaking
• Patrick Mincy (Guest) · 2 min speaking
• Donald Trump (Guest) · 1 min speaking

What is discussed, and when

1. 5:00 – 10:00: Paxum Bank, Anton Pastandov, Trust and Will
2. 10:00 – 15:00: Trust and Will
3. 15:00 – 20:00: Patrick Mincy, Will Wilkerson

Notable quotes from "Trump OPENS Himself Up to DISCOVERY NIGHTMARE in PATHETIC LAWSUIT"

• Desperately. So Patrick Orlando, a fraudster involved with them, went out and found them an $8 million loan from Paxum Bank in Dominica, which is normally used by the porn…

  about Paxum Bank · at 7:11

• Start thinking about having a plan in place, especially when it comes to decisions like guardianship. Trust in Will makes estate planning easier to approach. Their online…

  about Trust and Will · at 10:08

• Rates. Jamie Diamond probably wants higher rates. Maybe he makes more money that way. Now, Patrick Mincy, a lawyer who's been on with me on Legal AF, he alerted me to the…

  about Patrick Mincy · at 15:07

Who and what is mentioned in this episode?

People

• Patrick Mincy — Person · Referenced attorney / commentator (clip source) · 3 mentions · first at 15:11
  Explains the alleged loan pipeline, whistleblowing, and law-enforcement interest; connects Sarasota litigation context to the JP Morgan ‘blacklist’ narrative.
• Will Wilkerson — Person · Referenced whistleblower / litigant · 2 mentions · first at 15:21
  Described as a Truth Social co-founder and whistleblower who saw the funds hit accounts and reported concerns; portrayed as target of retaliatory defamation claims later dismissed.
  He alerted me to the Sarasota case because he's involved over there. He represents Will Wilkerson, a whistleblower, a co-founder of Truth Social that's in a case against Donald…
• Anton Pastandov — Person · Referenced alleged source/affiliate in loan narrative (name as stated) · 1 mention · first at 7:33
  Identified as connected to a reported $8M loan routed via a trust and Paxum Bank, described as 'Putin affiliated' money tied to Truth Social’s finances.
  Through a newly created family trust, right, called ES Family Trust, which reporting tracked back to Anton Pastandov, who is related affiliated with Putin. So Putin affiliated…
• Devin Nunes — Person · Referenced executive (Truth Social/TMTG leadership) · 4 mentions
  Named as the CEO at the time of the alleged decision to keep the loan proceeds, tying corporate decision-making to the funding controversy discussed.

Companies & orgs

• Paxum Bank — Company · Case study · 1 mention · first at 7:16
  Mentioned in the context of a controversial loan to Truth Social, linked to Russian affiliations.

Sponsors

• Trust and Will — Product · Sponsor · 2 mentions · first at 9:52
  Promoted during the podcast as a service for online estate planning.

Full transcript with timestamps

0:00 You see, with Donald Trump, sometimes you have to put his various lawsuits side by side and next to each other. And only then can you see that he's not telling the truth to a state court judge in Miami in a brand new filing that he just made in order to distract attention from his failed trip to Switzerland, his failed attempt at taking over Greenland, his failed economic and uh immigration policies, his Jack Smith testimony that's going on against him right now. to distract against all of that. He filed a suit to take on Jaime Diamond and the JP Morgan Chasees of the world because he got thrown out or at least a bunch of his lower level bank accounts got debanked by JP Morgan Chase and it must have been because they don't like conservative values and MAGA principles.

0:49 But when you lay another lawsuit next to it that they filed on behalf of another Trump entity called Truth Social against the Washington Post about reporting about a nefarious $8 million loan, you see things don't line up exactly, especially about whether they were or were not debanked by JP Morgan Chase at any one particular time. And when you have somebody who's been in a judged fraudster, who still has a a courtappointed monitor over the Trump Organization for committing fraud, when another series of his companies, including one that's a plaintiff in this new Miami lawsuit, the Trump payroll entity, having been convicted of tax evasion and tax fraud in New York all around the same time, while Donald Trump is leading a Jan 6 insurrection and gets indicted, which is conveniently omitted.

1:40 from the new complaint. This may be the reason that JP Morgan didn't want to be in bed with Donald Trump uh and put him on a blacklist. Apparently, a blacklist so dark and so black even he can't get off of on Michael Pop. You're on Midas Touch Network. Brand new suit. I've got it up and uh a couple of head scratchers about it. And then I want to compare it to this case that was filed in Sarasota, Florida. same lawyers, I believe, uh against uh the Washington Post for some reporting about an $8 million loan that came in through a Putin affiliate into Truth Social. Okay. Now, what's this case about? This case is about apparently a series of kind of uh entities controlled by Donald Trump, not Name Truth Social, uh including his payroll entity, uh some a build a a company that owns a building in Chicago, Miami, restaurant hospitality, couple of low-level golf courses of his all got debanked in 2021.

2:45 He also found out and he had to disclose it in the complaint that he and members of his family are on a blacklist put there by JP Morgan Chase for their you know telling banks you better be careful know your customer and a money anti-moneyaundering laws may apply Donald Trump doesn't like that so he had to disclose that he got blacklisted but in doing so and in bringing it on behalf of these entities in this state court he's now opened himself up to massive discovery and depositions to explain explain himself. See, he glosses over and never mentions the following facts that would have went into a bank's decision to take him out of the bank.

3:24 one, a $450 million fraud investigation, which led to a fraud judgment that's been affirmed on appeal, the judgment part, not the amount, by a New York appellet court that that after a several week trial in which a trial court judge found that Donald Trump and his family committed persistent fraud for more than 10 years in the operation of the Trump Organization. That would be a factor for a bank. See, I've worked on Wall Street. I've worked on uh onboarding uh customers, compli I've worked with compliance. I kind of know my way around know your customer regulations, anti-money laundering, the US Patriot Act. These are the things that banks and financial services companies, it's what keeps them up at night. Yeah. Who their customers and where they're getting their money from. So you got So if you're like opening up an application and you send it over to compliance and they run it through, Donald Trump comes

4:18 up as a fraudster. Okay, Donald Trump comes up as somebody whose other companies, including Trump Payroll Corporation, which is one of the plaintiffs here, you can see it there. I'll put it up on I'll put it up on Substack. Uh they were a judge that a 17count criminal tax fraud case in New York, never overturned, still on the books. So, if you're the banking agent, you're the loan officer, you're the person setting up the relationship, have you ever You have to fill out an application, by the way. Have you ever been convicted of fraud or dishonesty?

4:56 Yes. Or a judge to be a fraudster or dishonest? Yes. Okay. Have you ever has any of your entities or companies for which you are a shareholder ever been convicted of a fraud? Yes. Okay. Put you down for a yes. Are any of your companies under courtordered monitorship by a former federal judge because of the fraud? Yes. Okay. Barbara Jones running the Trump Organization as a monitor. All right. Punch down for a yes there. Have you ever been indicted for a crime? Yes. How many times? Three times. How many total counts? 55 total counts related to what is anything about dishonesty? Yes.

5:37 The interference with the election. Okay, I'll put you down for a yes. Do you see why a bank all the things that are missing from the complaint may not want to do business with you? And they didn't even tell the truth in the complaint itself because they say that in 2021 they were debanked and the reason for it was because of um unsubstantiated woke beliefs of the bank and they didn't want to do business with a MAGA. They also skip over Jan 6th. Okay. So, they say that in 2021, JP Morgan Chase provided them with notice that these bank accounts would be closed. What they leave out is that JP Morgan Chase also allowed them to open a bank account originally for Truth Social. That's why Truth Social's name's not here. They talk about being on a blacklist and Trump's on the blacklist and other family members, but the other family members are not listed here. And what this is really about, I think, when

6:38 it all comes out, and it will come out because of the filing by Donald Trump in discovery in depositions as uh JP Morgan and and Diamond defend themselves. I think what's going to come out is this whole nefarious thing reported in the Washington Post in uh in 2023 about an $8 million loan when Truth Social was on the balls of its ass financially. It had it wasn't able to close on their big major mega deal because the Biden SEC was blocking it. They needed cash desperately. So Patrick Orlando, a fraudster involved with them, went out and found them an $8 million loan from Paxum Bank in Dominica, which is normally used by the porn industry through a newly created family trust, right, called um ES Family Trust, which reporting tracked back to Anton Pastandov, who is related affiliated with Putin. So Putin affiliated money coming through a porn bank in Dominica ends up being uh dumped into the bank

7:47 accounts almost empty of Truth Social that Donald Trump owned and it was all reported in the Washington Post. Donald Trump didn't like that story either. You wouldn't think he would, would you? So he sued um in Sarasota, Florida. And this is what he said in that particular lawsuit. Let me just get it up here, put it up on the screen for you so you know what I'm talking about. And here we go. This is a complaint that was filed in 2023 against the Washington Post filed by uh another law firm. Actually, it wasn't this this breto and it was filed in in May of 2023. And here's what they said in paragraph 25 at the time. To make matters worse, after reading the Washington Post article, Truth Social's banker JP Morgan Chase contacted Truth Social to inquire about the year plus old transactions with Paxim Bank. Prior to this call, JP Morgan had expressed concern with the transfers. The calls have evidenced their concerns about

8:53 their business and that and that uh got published by the Washington Post. So there was still bank accounts in 2023 at JP Morgan Chase. So they weren't completely debanked. They kind of leave that out. That's why uh uh Truth Social is not listed here as a plaintiff. That's why the kids and the family business and Truth uh and Trump organization are not listed. This is why they tried to file it in Miami Dade Circuit Court. Okay. This is going to likely be likely be removed to federal court. But they wanted the bombshell headline of being able to write whatever they wanted in state court, which frankly is easier to maintain a lawsuit like this for a long period of time than a federal judge who's going to look at this like, are you kidding me? I'm going to dismiss this on my own. Let's talk candidly about something that no one wants to talk about. What happens when you pass on? Because unfortunately, it's

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10:40 Everyone has something to leave behind. Trust in Will believes estate planning should be accessible to everyone, which is why they're committed to making it affordable today and valuable tomorrow. Don't wait until it's too late. Protect your loved ones today, tomorrow, and beyond with Trust and Will, the most trusted name in online estate planning. Go to trustandwill.com/legalaf and get 20% off. That's trustandwill.com/legal AF to get your 20% off. trustandwill.comlegalaf. So they file in state court on purpose to get the press using Alejandro Breurto, the lawy the lawyer of last resort for Donald Trump. He's representing Melania against Michael Wolf, the journalist. He went after Michael Cohen. He's handling the case against uh uh Dow Jones and the Wall Street Journal when Donald Trump didn't like that they published about the Epstein birthday book with his card inserted inside. Right? But now that you

11:46 lay the Sarasota lawsuit in 2023 against this, now you see that, and this is what I'm sure JP Morgan will bring out in Discovery and in depositions of Donald Trump, that uh this is a lie, that they weren't completely debunked, and that the reason they're on the blacklist is has probably more to do with fraud, fraud convictions, Jan 6 never mentioned in the complaint, then uh and this $8 million loan than woke beliefs. Who's going to believe that? not us. So, let me play you a clip first of uh uh Diamond criticizing Donald Trump in the last couple of days about a new policy.

12:24 Let's play the clip. One of President Trump's recent um proposals that would directly affect you, he's doing it uh to improve affordability is to impose a 10% cap on credit card rates. Is that a bad idea?

12:36 It would be a economic disaster and and I'm not making up because our business, you know, we would survive it, by the way. You would if you in the worst case you have to have a drastic reduction of the credit card business. I mean drastic I mean like 10% I mean like 80%. It would remove credit from 80% of Americans and that is their backup credit. And but I have a great idea since there's a huge disagreement of this one you know between Republicans and Democrats. I think we should test it and in my view and I can't do this you know because it would be antirust but the government can do it. They should force all the banks to do it in two states, Vermont and Massachusetts, and see what happens.

13:17 And then and then I think I think the left will learn a real everyone who thinks manipulating pot price will learn a real lesson. And the people crying the most won't be the credit card companies. It'll be the restaurants, the retailers, the travel companies, the schools, the municipalities because people miss their water payments, their this payment and that payment. It would be it would be something else to watch. I think they should test it.

13:39 Well, President Trump may be determined to test it more broadly. Well, then okay. Whatever it is, we'll deal with I think it's wrong to for the government to get involved extensively in pricing of stuff, but you know, I got to deal with the world. I got

13:51 It's kind of interesting. They're going to we're going to give them at one point real analysis on the effects of this. We've given some, but not a lot.

13:57 It's kind of interesting when I ask you something that directly Morgan, you say it will be a complete economic disaster. When I speak more broadly about geopolitics, you're very reluctant to criticize

14:07 the one I know exactly. The other one is is is more qualitative. How it's going to work? What are the pieces? What's their intent? How are people going to respond? They're not the same thing. But but but the economic when you believe something true, you should say that. And so the economic of the car thing, we'll see. Do you think

14:25 but the other thing I've not seen anyone really Republicans, senators, businesses, banks, credit unions, community banks, anyone think it's a good idea?

14:34 And here's the clip of Donald Trump fighting back about a day before they filed this lawsuit against JP uh JP Morgan and uh and Jamie Diamond in particular, who he once wanted to be his Treasury Secretary. Play the clip,

14:47 sir. Jamie Diamond said today that it's not a great idea to be chipping away at the Fed's independence. Do you think Jamie Diamond's wrong about that?

14:55 Yeah, I think it's fine what I'm doing. We have a bad Fed purse and he was extended by Biden and Yeah, I think he's wrong. I think it's wrong. He's uh he's done a bad job. We should have lower rates. Jamie Diamond probably wants higher rates. Maybe he makes more money that way. Now, Patrick Mincy, a lawyer who's been on with me on Legal AF, uh, he alerted me to the Sarasota case because he's involved over there. He represents Will Wilkerson, a whistleblower, a co-founder of Truth Social that's in a case against Donald Trump related to defamation, related to this $8 million loan, which the Washington Post ran with. Here is Patrick Mincy talking about the nefarious loan that is at the heart, I'm sure, or or should be at the heart of the blacklisting of the family that's raised in this new complaint by Donald Trump. Play the clip.

15:44 These loans came into the company at a time when the company was struggling to keep the lights on and but for these loans, the company would have gone under. Uh Mr. Wilkerson brought this to the attention through council, through federally protected programs, to the Department of Justice, to the Securities and Exchange Commission, and through Mr. Wilkerson's whistleblowing federal law enforcement through the Southern District of New York through the Southern District of Florida in a joint homeland security and FBI task force investigation called Operation Trust Social began to look into those loans.

16:28 Uh, all of this is a part of the public court record and all of this was revealed in the spring of 2023 when several media outlets including the Guardian, the Washington Post, the New York Post, and others brought it to public attention. Mr. Wilkerson since then has been the subject of an historic retaliatory lawfare campaign initiated by Trump Media and Technology Group. That defamation uh claims have been brought against him in an attempt to intimidate him and to silence him. And we have been honored to represent and defend Mr. Wilkerson uh throughout that process and are pleased to be speaking you with you today following a Florida court's recent dismissal of those defamation claims brought against him. uh auditors were asking questions about the origins and nature of of this and what our investigation revealed was that the ultimate source of the money was an individual named Anton Pollnikov

17:37 via a suspicious trust called the ES family trust and through an entity called Paxom Bank which you as as you alluded was a Dominica Caribbean-based bank. It's not a bank in the traditional sense as we would refer to it. It's really an online payment processing uh entity catering to the online adult industry, pornography industry uh that wires this money into the Chase TMTG accounts. Mr. Wilkerson is the one who has access and purview into these accounts. He sees the money hit. He begins asking questions. the other co-founders are asking questions.

18:21 Ultimately, the company keeps the money, does not give it back, and that's how we are here today.

18:28 Who made the decision? Wait, wait. Who made the decision in the Trump in the Trump world to keep the money and and to approve the loan?

18:36 At the time, the the company was uh being run by chief executive officer Devin Nunees. And of course, President Trump, then private citizen Trump, uh, was the the largest owner of Trump Media and Technology Group.

18:52 So, I'm in Miami. I'll follow this suit closely. I'll let you know when JP Morgan Chase and their big-time lawyers show up to try to move the case over to um, federal court. Now, one of the things that may stop it is a little the little trick here that I'm going to point out that Donald Trump did. He added as a plaintiff a Florida uh entity tri Trump Miami Resort Management. Uh that's the that's the hook for Miami for for Miami. Then he's going to have to try to argue that JP Morgan Chase Bank NA which is based in Delaware and New York somehow has a Florida residency in order to keep it in state court or that Jamie Diamond does. I just don't see it happening. I think this gets quickly moved to federal court, assigned to a federal judge, and and I I'm hoping it doesn't get dismissed too early because I want to see I want to see all of the discovery and Donald Trump in the hot seat to explain the two different

19:52 lawsuits and the fact that he's lying to the court here. I'm Michael Popock. You're on the Midas Touch Network and Legal AF. Slide over to Legal AF the YouTube channel. Help us over there. Hit that free subscribe button. So, till my next report, this is Michael. Can't get your fill of legal af? Me neither. That's why we formed the legal AF Substack. Every time we mention something in a hottake, whether it's a court filing or a oral argument, come over to the Substack. You'll find the court filing and the oral argument there, including a daily roundup that I do called, wait for it, Morning AF. What else? All the other contributors from Legal AF are there as well. We got some new reporting. We got interviews. We got ad free versions of the podcast and hot takes where legal AF on Substack. Come over now to free subscribe.

Questions about this episode

Who speaks in "Trump OPENS Himself Up to DISCOVERY NIGHTMARE in PATHETIC LAWSUIT"?

Michael Popock (Host), Jamie Dimon (Guest), Patrick Mincy (Guest), Donald Trump (Guest).

What is "Trump OPENS Himself Up to DISCOVERY NIGHTMARE in PATHETIC LAWSUIT" about?

Donald Trump's recent lawsuit against JP Morgan Chase highlights contradictions in his claims about being debanked due to conservative values, juxtaposed against ongoing legal challenges involving his various entities, including Truth Social. The lawsuit appears to serve as a distraction from his mounting legal troubles and questions regarding his credibility, particularly given his history of…

What is mentioned in this MeidasTouch episode?

6 people, works and ideas are mentioned, including Patrick Mincy, Paxum Bank, Will Wilkerson, Anton Pastandov, Devin Nunes. Each one on this page links to its own page with every episode that mentions it.

How long is "Trump OPENS Himself Up to DISCOVERY NIGHTMARE in PATHETIC LAWSUIT"?

The episode runs 21 min; the transcript is about 3,448 words in 33 timestamped sections.

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