Court Orders Dissolution of Trump Org

#501
#501
trump won't pay any money to lying Carroll or a fine issued by a corrupt judge on appeal and....




www.cbsnews.com

Trump Media's merger with DWAC gets regulatory nod. Trump could get a stake worth $4 billion.

Merger could provide new funding for Truth Social and give former President Trump a stake worth almost $4 billion.
www.cbsnews.com www.cbsnews.com

www.foxbusiness.com

Trump's Truth Social media deal clears SEC hurdle worth millions

The U.S. Securities and Exchange Commission will allow Donald Trump's media and technology company to merge with Digital World Acquisition Corp.
www.foxbusiness.com www.foxbusiness.com

"Should the merger go through, Trump would hold more than 78 million shares, which would be worth nearly $4 billion at current prices.

Trump, who would own between 58% and 69% of the company, and other investors could earn tens of millions more shares per a provision, known as an "earnout," tied to the stock’s performance, a filing said, The Washington Post reported."
 
#504
#504
jmacvols1 said:
trump won't pay any money to lying Carroll or a fine issued by a corrupt judge on appeal and....




www.cbsnews.com

Trump Media's merger with DWAC gets regulatory nod. Trump could get a stake worth $4 billion.

Merger could provide new funding for Truth Social and give former President Trump a stake worth almost $4 billion.
www.cbsnews.com www.cbsnews.com

www.foxbusiness.com

Trump's Truth Social media deal clears SEC hurdle worth millions

The U.S. Securities and Exchange Commission will allow Donald Trump's media and technology company to merge with Digital World Acquisition Corp.
www.foxbusiness.com www.foxbusiness.com

"Should the merger go through, Trump would hold more than 78 million shares, which would be worth nearly $4 billion at current prices.

Trump, who would own between 58% and 69% of the company, and other investors could earn tens of millions more shares per a provision, known as an "earnout," tied to the stock’s performance, a filing said, The Washington Post reported."
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Hahahahaha! Trump!
 
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#505
#505
Orangeburst said:
What would of been a more appropriate fine?
If Trump overvalued x 3, certainly the fine is x 10..both are illegal.
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it’s not like banks have no idea what real estate values are. They don’t just take everyone’s word for what they say something is worth. This whole thing is nothing but a witch hunt
 
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#510
#510
Carl Pickens said:
it’s not like banks have no idea what real estate values are. They don’t just take everyone’s word for what they say something is worth. This whole thing is nothing but a witch hunt
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It's not a witch hunt, it is the pursuit of criminal intent.

I do agree that banks have independent and in-house experts. My best guess is that the mega-banks are in need of mega-borrowers. Maybe they had other guarantees form Trump pledged assets? Few know the truth.
 
#511
#511
VolTull said:
It's not a witch hunt, it is the pursuit of criminal intent.

I do agree that banks have independent and in-house experts. My best guess is that the mega-banks are in need of mega-borrowers. Maybe they had other guarantees form Trump pledged assets? Few know the truth.
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Typically, for large borrowers, lenders will rely on most recent audited financials (in addition, to their own internal review). If it's an interim period, they will do additional due diligence and make most executives sign declarations/certifications that the interim unaudited financial statements being relied upon are accurate....
 
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#512
#512
turbovol said:
Biden returned the documents promptly. Trump refused to return the documents, lied about it for months....big difference.
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Is that what the law says? If one illegally had possession of classified documents, but does not return them promptly it is more illegal? Is this like ”strenuously objecting?”
 
#513
#513
VolTull said:
It's not a witch hunt, it is the pursuit of criminal intent.

I do agree that banks have independent and in-house experts. My best guess is that the mega-banks are in need of mega-borrowers. Maybe they had other guarantees form Trump pledged assets? Few know the truth.
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What was the criminal intent? To receive commercial loans and pay them off with interest?
 
#514
#514
BigOrangeMojo said:
Typically, for large borrowers, lenders will rely on most recent audited financials (in addition, to their own internal review). If it's an interim period, they will do additional due diligence and make most executives sign declarations/certifications that the interim unaudited financial statements being relied upon are accurate....
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That's what doesn't make sense. All of that is true and more. "paper the project" is a traditional requirement of real estate lending. There is something more going on here.
 
#515
#515
GroverCleveland said:
What was the criminal intent? To receive commercial loans and pay them off with interest?
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You see, that's a problem. You believe that it is OK to illegally acquire multi-million $$$ funding on the back of falsified information. I don't. Regardless of repayment status.
 
#517
#517
VolTull said:
You see, that's a problem. You believe that it is OK to illegally acquire multi-million $$$ funding on the back of falsified information. I don't. Regardless of repayment status.
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Don’t you think banks are more sophisticated than that when it comes to due diligence?

I don’t think Trump should sniff the White House again, but this case is laughable.
 
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#519
#519
GAVol said:
Don’t you think banks are more sophisticated than that when it comes to due diligence?

I don’t think Trump should sniff the White House again, but this case is laughable.
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Absolutely they are due diligent. I don't agree it is laffable.
 
#521
#521
GAVol said:
It’s hard to believe that an army of accountants and a mega-bank can come to an agreement on the value of collateral and then the state can just step in and audit a transaction where delingency never even existed.
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The whole thing is a mystery. Honestly, I don't know what to say.
 
#523
#523
However, billionaire and former Twitter CEO Elon Musk wants to know who Trump is supposed to pay "given that there were no victims.”
 
#524
#524
Rep. Ronny Jackson (R-TX) called Engoron a "pathetic" judge who is the head clown in the "corrupt" New York legal system. He vowed to back Trump and warned the Left that "America will be great again" under his leadership.
 
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#525
#525
GAVol said:
It’s hard to believe that an army of accountants and a mega-bank can come to an agreement on the value of collateral and then the state can just step in and audit a transaction where delinquency never existed.
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The statute in question just calls for repeated fraudulent acts. Tripling the size of your home and tripling recent independent valuations does fall in there. Yes, the banks knew he was FOS and yes, there weren't damages but damages aren't required per 63(12)...

I'm not sure what the right answer is. Today's ruling isn't it though.
 
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