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

#151
#151
luthervol said:
Didn't they just get OJ on a civil suit?
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For killing his wife, yes. It cost him most of his money, except his NFL pension and maybe a house or two. He went to prison for jacking some guy up in Vegas that had some of his sports memorabilia that he wanted back supposedly.
 
#152
#152
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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If there are "countless cases" then he should have long been charged with fraud and prosecuted. Oh, wait, none of the wild claims by his enemies have never turned out to be anything but stark raving mad hysteria. But maybe this time...
 
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#154
#154
85SugarVol said:
The Government is the victim of reduced tax revenues?

Horror.
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Which they are responsible for setting the valuation. I'm finding this interesting. So anyone could be prosecuted by the government under this theory:

Government assesses your property value.
Government collects taxes on said assessment.
Years later, the Government decides the assessment was not high enough on your property.
The Government sues and claims you defrauded them.
Yeah, makes sense.
 
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#156
#156
McDad said:
Another thought on the inflated values.

Trump is a celebrity. His real estate is part of his image. He licenses his NIL to other companies for a fee.

It could be argued, maybe even proven, his name on the building increases its value. Just as Graceland is higher value because Elvis owned it.
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That’s a good point
 
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#157
#157
GroverCleveland said:
Which they are responsible for setting the valuation. I'm finding this interesting. So anyone could be prosecuted by the government under this theory:

Government assesses your property value.
Government collects taxes on said assessment.
Years later, the Government decides the assessment was not high enough on your property.
The Government sues and claims you defrauded them.
Yeah, makes sense.
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Does sound like government
 
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#158
#158
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.
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Just curious, can you quote a statute for that? All I've ever heard is there is no fraud until the loan is not paid. The interest rate offered is dependent on the banks' underwriting of the loan. If they are comfortable with the underwriting to offer X interest rate, that is on the bank.
 
#159
#159
McDad said:
Another thought on the inflated values.

Trump is a celebrity. His real estate is part of his image. He licenses his NIL to other companies for a fee.

It could be argued, maybe even proven, his name on the building increases its value. Just as Graceland is higher value because Elvis owned it.
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Famous simply for being famous. Valuable simply for being valuable. God bless America in 2022 lol.

Intangible, unquantifiable valuations. That’s so Trumpy.
 
#160
#160
Septic said:
You can petition the appraiser for lower valuations, but generally you have to have evidence or supporting documentation.
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I went before the appeals board in the county I owned some commercial warehouse property in and won when I offered to sell to any of them the property at 75% of their valuation and then added at 60%, I'd have to make a phone call to my partner, but they'd probably have a deal by the end of the day. They lowered it to about 75% of the valuation. Wasn't completely happy, but it was a good win.
 
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#161
#161
McDad said:
Another thought on the inflated values.

Trump is a celebrity. His real estate is part of his image. He licenses his NIL to other companies for a fee.

It could be argued, maybe even proven, his name on the building increases its value. Just as Graceland is higher value because Elvis owned it.
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I think you mean like Jo(h)n Voight's LeBaron.
 
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#163
#163
shouldn't this be criminal charges?

does this lawsuit allege NY is the victim thus the recipient of damages?
 
#164
#164
OHvol40 said:
Famous simply for being famous. Valuable simply for being valuable. God bless America in 2022 lol.

Intangible, unquantifiable valuations. That’s so Trumpy.
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Man, hate to burst your Trump prosecution fantasy, but this has been going for a long, long time, well before anyone ever heard of Trump. Unless you're going to credit Trump with time travel and starting this millennia ago.
 
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#166
#166
GroverCleveland said:
Man, hate to burst your Trump prosecution fantasy, but this has been going for a long, long time, well before anyone ever heard of Trump. Unless you're going to credit Trump with time travel and starting this millennia ago.
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“That’s the way it’s always been” is always my favorite justification for anything 😂
 
#168
#168
GroverCleveland said:
Just curious, can you quote a statute for that? All I've ever heard is there is no fraud until the loan is not paid. The interest rate offered is dependent on the banks' underwriting of the loan. If they are comfortable with the underwriting to offer X interest rate, that is on the bank.
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I have heard of people being convicted of fraud for falsifying information on a loan application but that was at a very small level, we're talking loans in the millions here so I would think the banks would do a stringent due diligence.

As the saying goes if you owe the bank 100 grand you have a problem, if you owe the bank a million they have a problem..
 
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#172
#172
GroverCleveland said:
Just curious, can you quote a statute for that? All I've ever heard is there is no fraud until the loan is not paid. The interest rate offered is dependent on the banks' underwriting of the loan. If they are comfortable with the underwriting to offer X interest rate, that is on the bank.
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He can't answer that honestly and still defend his position. I see people overvaluing their properties every single day. The personal opinion of you property value, if even put down when applying for a mortgage, does not constitute mortgage fraud. It is up to the lender to accept that value or to perform an appraisal on the property to determine the "current fair market value". The current fair market value fluctuates constantly based on sales of similar property in similar locations.

Mortgage fraud is not determined by whether or not someone pays back the loan. However, most fraud is not found until the borrower defaults on the loan. You are correct in the fact that if the lender used the stated value given to them by the borrower, then it is on the bank and the underwriter for not properly underwriting the file. If the borrower defaulted in this scenario, the bank's only option is to foreclose on the property. They can't go back and sue someone for giving an opinion of value that they themselves agree with at the time of underwriting and claim it is fraud.
 
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#173
#173
volinbham said:
it wasn't said as justification - it was a response to your comment that suggested this is a new phenomenon.
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You point out where I said it was new, and I’ll agree. You don’t, and we’ll agree you’re wrong. Deal?
 
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