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re: Trump Org valued NYC apt @$25m Ivanka/option to buy for $8m, NY AG Letitia says tax fraud

Posted on 1/19/22 at 11:28 pm to
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 1/19/22 at 11:28 pm to
quote:

It’s illegal. It’s one thing to do it with a $30,000 car, quite another to give away $16 million without paying the taxes.


She had a “option” to buy at that price, she didn’t buy it. There was no sale, so no taxes were due. I know it’s disappointing to s lot of Democrats who are are DAs, or with the DOJ, but the US is not yet like “Minority Report” where people can be prosecuted for something they may do in the future.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
74480 posts
Posted on 1/19/22 at 11:31 pm to
quote:

It’s illegal. It’s one thing to do it with a $30,000 car, quite another to give away $16 million without paying the taxes.


Posted by John McClane
Member since Apr 2010
36721 posts
Posted on 1/19/22 at 11:41 pm to
She needs to lose her law license
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
34100 posts
Posted on 1/19/22 at 11:52 pm to
Until they give a shite about the evidence with Biden I couldn't care less about this. Unless her punishment is letting me play with dem tittays
Posted by obdobd918
Member since Jun 2020
3228 posts
Posted on 1/20/22 at 12:39 am to
What crime is committed when a person claims an asset is worth more than it is worth?
Posted by RemouladeSawce
Uranus
Member since Sep 2008
13994 posts
Posted on 1/20/22 at 12:52 am to
quote:

'We have uncovered significant evidence' that the firm 'used fraudulent and misleading asset valuations on multiple properties to obtain economic benefits'
Not a lawyer but if he isn't found of any criminal or at fault in any civil proceedings...would there be an argument for this being libel? Disgraceful behavior from an AG.
This post was edited on 1/20/22 at 12:53 am
Posted by UAinSOUTHAL
Mobile,AL
Member since Dec 2012
4840 posts
Posted on 1/20/22 at 2:05 am to
quote:

She had an option to buy. Who died and turned Letitia into the IRS?


Seriously. The IRS has audited Trump and never found anything.
Posted by DMAN1968
Member since Apr 2019
10152 posts
Posted on 1/20/22 at 4:53 am to
quote:

'used fraudulent and misleading asset valuations on multiple properties to obtain economic benefits'

I read this as using property as collateral to obtain a loan or just to pull off equity of a property. Am I right?

Isn't it on the bank to correctly value the property?

If this bank just takes the customers word on the value...I need to switch banks.
Posted by AUWDE
Member since Oct 2013
3187 posts
Posted on 1/20/22 at 5:23 am to
quote:

It’s illegal. It’s one thing to do it with a $30,000 car, quite another to give away $16 million without paying the taxes.


Are you a complete moron?

I can sell my property for whatever the frick I want. So can Trump. If I want to overvalue it or undervalue it. Its my fricking property. As long as I have a willing buyer it doesn’t fricking matter.

If Trump wanted to sell that property to his daughter for a damn penny, he could.

Jesus people like you are the reason this country is in the toilet.
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
68447 posts
Posted on 1/20/22 at 5:28 am to

Letitia doesn't understand options and market movement.
Posted by back9Tiger
Mandeville, LA.
Member since Nov 2005
14194 posts
Posted on 1/20/22 at 5:54 am to
Trump needs to get the mob to take care of that count. Instead of working to better New York, this dumb fricking bitch is chasing ghosts.
Posted by DawgCountry
Great State of GA
Member since Sep 2012
30591 posts
Posted on 1/20/22 at 8:23 am to
quote:

Nimrod


you got owned with a quickness baw. maybe dont get your facts from twitter and DU next time
Posted by JoeXiden
Member since Oct 2021
194 posts
Posted on 1/20/22 at 8:31 am to
quote:

--She gave a detailed account of their findings so far, stating that Trump claimed his Manhattan penthouse was 30,000 sq ft when it was only 11,000


This post was edited on 1/20/22 at 8:34 am
Posted by hedgediver
LSU
Member since Sep 2004
2094 posts
Posted on 1/20/22 at 8:44 am to
From a gift and estate tax purpose, you most certainly cannot sell your real estate or other assets at deflated values. Considering it wasn’t even sold I can’t see how this is a legal problem or an IRS problem.
Posted by ninthward
Boston, MA
Member since May 2007
20478 posts
Posted on 1/20/22 at 8:45 am to
lazy eye
Posted by tiger1616
Member since May 2020
535 posts
Posted on 1/20/22 at 9:10 am to
So she’s been investigating for nearly 3 years and this is her “gotcha”? My dad sold me his Bronco for 10 bucks so I could put the title in my name when I was younger. Was that illegal? Does she not think the IRS hasn’t been trying to find anything on him? They probably have a dedicated wing in their office to him. This kind of shite is the main reason if I were him I wouldn’t even think about running for president again. I’d pack it in at Mar a Lago and give everyone the double bird.
Posted by Havoc
Member since Nov 2015
28711 posts
Posted on 1/20/22 at 9:19 am to
How pathetic.

AG Letitia James is trash.
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