Hundreds of examples of fraud by Trump and his family, corporations

#2
#2
I agree. Trump should be made to repay triple the amount of all outstanding loan amounts resulting from these claims.
 
#6
#6
Civil suit after 3 years, where's the criminal activity?

Keep those hammies loose for chasing the carrot.
 
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#8
#8
Remember, they just got a 2 billion dollar "gift" from the arabs. The repercussions are already down stream. He's taking down foreign banks with this.
 
#12
#12
lawgator1 said:
There have been countless cases of Trump not honoring losn agreements and there are victims in the form of insurers and banks being defrauded by him.
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However this action is related specifically to Deusche Bank loans which were paid in full. Who is the specific victim and what are the damages?
 
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#13
#13
NorthDallas40 said:
However this action is related specifically to Deusche Bank loans which were paid in full. Who is the specific victim and what are the damages?
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They could get better terms than they did, based on the valuations. Plus, the lawsuit alleges that the scheme caused lower taxes owed.
 
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#14
#14
MODS, can y’all please merge all of LG’s threads related to Trump. His man crush with Trump is getting old.

@lawgator1 Your President has a Dim control of both houses and hasn’t done one damn thing positive and you and others would be having meltdowns if a Rep had total control right now. Yet, you start BS threads to deflect from the real issues we are facing by showing your obsession with Trump.
 
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#15
#15
lawgator1 said:
They could get better terms than they did, based on the valuations. Plus, the lawsuit alleges that the scheme caused lower taxes owed.
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So the state is the victim? And your defense is the state is incompetent at determining property values for the use in taxation and has no duty to arrive at their own valuation for such purposes? LMAO!

Trump accountants to NYC tax assessor which apparently was accepted at face value? 😂

1663778689694.jpeg
 
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#16
#16
lawgator1 said:
They could get better terms than they did, based on the valuations. Plus, the lawsuit alleges that the scheme caused lower taxes owed.
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Okay, so he gets a good deal, none of the parties are upset but somehow the State is involved because the good deal wasn't good for the State? LoL
 
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#18
#18
lawgator1 said:
They could get better terms than they did, based on the valuations. Plus, the lawsuit alleges that the scheme caused lower taxes owed.
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What % of real estate people do this? Is this a Trump thing or common practice? If it is a Trump thing hopefully they will nail them to the wall. If it is common practice, why go after Trump for it?
 
#22
#22
NorthDallas40 said:
So the state is the victim? And your defense is the state is incompetent at determining property values for the use in taxation and has no duty to arrive at their own valuation for such purposes? LMAO!

Trump accountants to NYC tax assessor which apparently was accepted at face value? 😂

View attachment 492363
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Mortgage fraud is about the intent to deceive the lender. If one is using the stated values of property as collateral knowing they are misrepresenting those stated values - even if the loan is paid back, it's still fraud. If the bank had known his actual cash and real estate positions it's unlikely they would have given him as favorable terms or interest rates. Thus, cheating the bank out of collectable interest - which satisfies the States claims of "damages."

Using inflated values for insurance for lower property rates also would also defraud insurers out of collectable premiums.
 
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#23
#23
Septic said:
Mortgage fraud is about the intent to deceive the lender. If one is using the stated values of property as collateral knowing they are misrepresenting those stated values - even if the loan is paid back, it's still fraud. If the bank had known his actual cash and real estate positions it's unlikely they would have given him as favorable terms or interest rates. Thus, cheating the bank out of collectable interest - which satisfies the States claims of "damages."

Using inflated values for insurance for lower property rates also would also defraud insurers out of collectable premiums.
Click to expand...

Did the banks not do an appraisal?
 
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#25
#25
Septic said:
Mortgage fraud is about the intent to deceive the lender. If one is using the stated values of property as collateral knowing they are misrepresenting those stated values - even if the loan is paid back, it's still fraud. If the bank had known his actual cash and real estate positions it's unlikely they would have given him as favorable terms or interest rates. Thus, cheating the bank out of collectable interest - which satisfies the States claims of "damages."

Using inflated values for insurance for lower property rates also would also defraud insurers out of collectable premiums.
Click to expand...
Lol. The duty is on the bank to determine true value of assets and the duty is on the state to determine property value for taxation purposes. This is another red herring.
 
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