Court Orders Dissolution of Trump Org

#52
#52
The cognitive dissonance of the people who think all politicians/corporate big wigs are greedy lying fraudsters and the people who think there is no way politician/corporate big wig Donald J. Trump could be a greedy lying fraudster is astounding.
 
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#53
#53
davethevol said:
That’s the banks’ job to verify. His property value is whatever he and the banks determine it is, not some judge.
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It's also his job not to lie on a financial statement. Every time I've bought a new house I've signed a piece of paper telling me that bank fraud, including making false statements about my finances, is a crime.
 
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#54
#54
Vol8188 said:
The ruling is a joke. No one other than Trump would be charged with this, because 100% of people do this. You assign your assets the highest price you think you can reasonably get away with when applying for a loan. If you think your home is worth 250-300k, you call it 300k.

No one is impressed here
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Bro - no one does it like this. He overvalued Maralago by 900%

That would be the equivalent of overvaluing your $300,000 home as $3,000,000.

It's really amazing that this conman has a history of fraud, and some people still look to explain it away.
 
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#55
#55
whodeycin85 said:
1. Over reached on the fraud in general. Not one loan for appraisal defaulted which is key for fraud, if both parties agree and none was harmed there is no fraid..2. Not sure. K owing trump he promobaly didnt show cuz he is an ass. 3. We can throw out cuz I don't wanna dig through tweets etx... but the judge is being sued by trump, will that affect an impartial judgement...we shall see
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Default has no bearing on fraud.

His lies put the banks and its shareholders at risk. Full stop.

He's a conman. And you guys keep buying the snake oil he's selling.
 
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#56
#56
clarksvol00 said:
It's also his job not to lie on a financial statement. Every time I've bought a new house I've signed a piece of paper telling me that bank fraud, including making false statements about my finances, is a crime.
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And that’s the banks’ job to determine. They’ve got financial analysts that can figure that stuff out pretty quickly. If he is truly guilty of fraud, then they would most likely be as well, yet why aren’t they getting hammered in a civil suit?
 
#57
#57
davethevol said:
And that’s the banks’ job to determine. They’ve got financial analysts that can figure that stuff out pretty quickly. If he is truly guilty of fraud, then they would most likely be as well, yet why aren’t they getting hammered in a civil suit?
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To a degree, perhaps. But borrowers still contractually attest that they are not knowingly making false representations.

Should the people who lied about and got millions in PPP loans not be prosecuted because the financial analysts should have known?
 
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#58
#58
Septic said:
To a degree, perhaps. But borrowers still contractually attest that they are not knowingly making false representations.

Should the people who lied about and got millions in PPP loans not be prosecuted because the financial analysts should have known?
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Most of the PPP loans that were fraudulent were figured out pretty quickly. The banks that were loaning Trump’s company money had the ability to determine what the value of his assets were.
 
#60
#60
clarksvol00 said:
1. Do you have any basis for that legal opinion? cases, laws, etc?
2. Figured that was a nothing burger. Apparently i was right. 3. Figured that was a nothing burger. apparently I was right. On a brief search I can't find any reference to Trump suing this judge. Got a link?
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I'll have to research cases, but I liken it to the sale of Twitter to Musk..he could have claimed he was defrauded but he didn't do his due diligence in appraisal...but both parties agreed and everyone was paid...by definition alone there is no fraud in the trump case.

www.nytimes.com

Trump Lawsuit Against Judge Could Delay N.Y. Fraud Trial

The delay came as federal prosecutors pushed back against the former president’s efforts to attack another judge in his election interference case in Washington.
www.nytimes.com www.nytimes.com

This is a believe a tactic, not sure it will hold up immediately but may upon appeal
 
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#61
#61
davethevol said:
And that’s the banks’ job to determine. They’ve got financial analysts that can figure that stuff out pretty quickly. If he is truly guilty of fraud, then they would most likely be as well, yet why aren’t they getting hammered in a civil suit?
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So what you're saying is that if I do bad things and nobody figures it out, it's ok?
 
#64
#64
Septic said:
Default has no bearing on fraud.

His lies put the banks and its shareholders at risk. Full stop.

He's a conman. And you guys keep buying the snake oil he's selling.
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He totally a conman..but if there is gain and the loans were paid then where is the fraud???? The banks put the shareholders at risk by no doing their due diligence..not trump...
 
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#65
#65
whodeycin85 said:
I'll have to research cases, but I liken it to the sale of Twitter to Musk..he could have claimed he was defrauded but he didn't do his due diligence in appraisal...but both parties agreed and everyone was paid...by definition alone there is no fraud in the trump case.

www.nytimes.com

Trump Lawsuit Against Judge Could Delay N.Y. Fraud Trial

The delay came as federal prosecutors pushed back against the former president’s efforts to attack another judge in his election interference case in Washington.
www.nytimes.com www.nytimes.com

This is a believe a tactic, not sure it will hold up immediately but may upon appeal
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1) I'm gathering you have no legal basis for your legal conclusions. 2) If I understand correctly, Trump sued the judge and AG to stop this lawsuit and an appeals court threw out the lawsuit and let this action move forward. Doubt the appeals court will undo what it's already done.
 
#66
#66
clarksvol00 said:
1) I'm gathering you have no legal basis for your legal conclusions. 2) If I understand correctly, Trump sued the judge and AG to stop this lawsuit and an appeals court threw out the lawsuit and let this action move forward. Doubt the appeals court will undo what it's already done.
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I'll have to research it....to find casrd as I'm not a lawyer, but the Twitter sale is similar...doubt there are many cases of this magnitude available to pull from...what do you find wrong with my reasoning ??
 
#67
#67
Septic said:
Bro - no one does it like this. He overvalued Maralago by 900%

That would be the equivalent of overvaluing your $300,000 home as $3,000,000.

It's really amazing that this conman has a history of fraud, and some people still look to explain it away.
Click to expand...


So? It’s up to the lender to verify the value.
 
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#68
#68
Franklin Pierce said:
When Trump was president, James sued his administration dozens of times, challenging policies on the environment, immigration, education, health care and other issues.

View attachment 582521

www.foxnews.com

New York judge rules Trump committed fraud while building real estate empire

Judge Arthur Engoron ruled that Former President Trump committed fraud alongside his organization. The ruling follows accusation from New York Attorney General Letitia James.
www.foxnews.com www.foxnews.com
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Explain the relevance.
 
#70
#70
davethevol said:
Most of the PPP loans that were fraudulent were figured out pretty quickly. The banks that were loaning Trump’s company money had the ability to determine what the value of his assets were.
Click to expand...

I know of lots of people that PPP loans that should not have. They are now scared of being charged with fraud and attempting to repay.
 
#72
#72
Septic said:
Bro - no one does it like this. He overvalued Maralago by 900%

That would be the equivalent of overvaluing your $300,000 home as $3,000,000.

It's really amazing that this conman has a history of fraud, and some people still look to explain it away.
Click to expand...

You don’t actually believe that do you? In 1985 he paid 10m for it and the judge was trying to say it’s only worth 18m based on the property tax assessor. Surely you see the problem with that? Property tax assessors constantly under value property
 
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#74
#74
The left is trying everything in their playbook to take down Trump. They’re trying to tear him down, but it’s only making him stronger with voters. It’s gonna backfire and they won’t blame themselves. It’s hilarious to watch these fools, but turn a blind eye with all of Joe’s corruption.
 
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#75
#75
hog88 said:
So? It’s up to the lender to verify the value.
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Is the basis for a free market that the value of something is based on how much someone is willing to pay or on this case loan?? Fraud would occur if someone didn't get paid or got paid for damaged goods.
 
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