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re: Someone explain the Trump fraud case to me?
Posted on 9/28/23 at 6:04 am to AubieinNC2009
Posted on 9/28/23 at 6:04 am to AubieinNC2009
quote:
Saying square footage is 3x as big is fraud. This isnt op lying about fishes or his members size its falsifying applications for loans and credit, i.e. FRAUD.
If the banks are getting their monthly or annual payments of interest on time and Trump hasn’t filed for bankruptcy recently, I would side with it not being criminal in nature, maybe bad faith. But who hasn’t told a credit card company or bank that they make a little extra money to get a higher credit line or larger loan.
2
Posted on 9/28/23 at 6:25 am to Tarps99
quote:
But who hasn’t told a credit card company or bank that they make a little extra money to get a higher credit line or larger loan.
You often tell the credit card companies you make 23x what you're currently making and don't see how then extending you that line of credit would be risky?
If it had been a few percent here and there, nobody would care. When you're valuations are off by factors of up to 2300%, it's an issue.
Posted on 9/28/23 at 7:43 am to Tarps99
The action is civil, not criminal. There are not any incarceration perils, but there are some rather stiff injunctive penalties, including the dissolution of the business entities. The fine of 250 MM is also pretty high, but may not be as big to the organization as it would be to most persons and businesses. I didn’t see in the order if that amount correlates to any difference in interest between payments d rates and presumptive offered rates ( if that matters to anyone)
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