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re: Kevin O’Leary Explains to CNN Audience, NYC Case Against President Trump is Nonsense

Posted on 1/12/24 at 2:41 pm to
Posted by Powerman
Member since Jan 2004
162295 posts
Posted on 1/12/24 at 2:41 pm to
The no victims thing is a weak argument

If I speed and don't cause an accident I'm still breaking traffic laws

Either his business committed fraud or it didn't. Whether or not someone was the victim of that is immaterial.
Posted by roadGator
Member since Feb 2009
141573 posts
Posted on 1/12/24 at 2:46 pm to
Powerbottom takes.

Maybe the next sheriff election will include a guy that says he will get powerbottom for something.

Think he’d be successful?

FFS
Posted by GBPackTigers
Louisiana
Member since Sep 2009
1146 posts
Posted on 1/12/24 at 2:50 pm to
quote:

Either his business committed fraud or it didn't. Whether or not someone was the victim of that is immaterial.


Tell me you don’t know business and are not a businessman without telling me you are not a businessman.

The envy leaks out of people like you and that reporter for someone who can build a business knowing you are too economically illiterate to do the same.

Posted by Lynxrufus2012
Central Kentucky
Member since Mar 2020
12343 posts
Posted on 1/12/24 at 2:50 pm to
Suppose the police announced that they hate Powerman and we are going to get him one way or another. This announcement is notorious. They then catch you going 75 mph in a 70 mph zone. This is while others are traveling 90 mph or more and ignored. So Powerman's attorney points out that this is selective and vindictive prosecution. See link below for definition of selective and vindictive prosecution.

LINK
This post was edited on 1/12/24 at 2:55 pm
Posted by faraway
Member since Nov 2022
2318 posts
Posted on 1/12/24 at 2:51 pm to
quote:

The no victims thing is a weak argument

If I speed and don't cause an accident I'm still breaking traffic laws

are you as passionately opposed to the state of New York freeing felons of drug charges basically on the grounds they're victimless crimes?
Posted by GumboPot
Member since Mar 2009
119556 posts
Posted on 1/12/24 at 2:51 pm to
quote:

The no victims thing is a weak argument



Then what is the good argument for this case?
This post was edited on 1/12/24 at 2:53 pm
Posted by oogabooga68
Member since Nov 2018
27194 posts
Posted on 1/12/24 at 2:51 pm to
quote:

Either his business committed fraud or it didn't.


Hey idiot, that's not the point.

The POINT is that this is a targeted Political persecution poorly disguised as seeking justice.

God you suck at the Internet.
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
68929 posts
Posted on 1/12/24 at 2:55 pm to

This is a case that is trying to turn valuation opinions into lies.

Opinions are not lies. Trump's people had one and the lender's people had one. They all did a comparison and came up with an agreeable conclusion.

Posted by jawnybnsc
Greer, SC
Member since Dec 2016
5025 posts
Posted on 1/12/24 at 2:58 pm to
Well, it's not fraud.
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
8100 posts
Posted on 1/12/24 at 3:04 pm to
quote:

The no victims thing is a weak argument


The almost universal rule is that civil fraud requires reliance and actual damages.
Posted by Geaux-2-L-O-Miss
Between Your Ears
Member since Aug 2005
3438 posts
Posted on 1/12/24 at 3:23 pm to
quote:

Either his business committed fraud or it didn't.


Easy answer it/he did NOT. Was his value higher than someone else's for the same property probably but the bank negotiated with him and they agreed to a valuation for the loan. NO FRAUD.

Instead of your speeding ticket hypothetical lets at least get in the same neighborhood. Since you post on the OT as well, let's assume you purchased your house for $1 mill which is the same cost as the other 9 houses in your neighborhood. While you paid $1 mill, the Tax Accessor has your property and everyone else's in the neighborhood valued at $750k. Your tax liability is based off of the $750k valuation and not the $1 mill purchase price.

ARE YOU AND ALL OF YOUR NEIGHBORS COMMITING FRAUD?
Posted by RockyMtnTigerWDE
War Damn Eagle Dad!
Member since Oct 2010
105553 posts
Posted on 1/12/24 at 3:29 pm to
You’re ignoring all the other pertinent details he offered. As much as you want Trump in trouble you should be ashamed of yourself for not fighting this misuse of the law.
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
64657 posts
Posted on 1/12/24 at 3:32 pm to
quote:

Whether or not someone was the victim of that is immaterial.


In a civil case such as this, I assure you it is quite material.
Posted by jimmy the leg
Member since Aug 2007
35213 posts
Posted on 1/12/24 at 3:34 pm to
quote:

The no victims thing is a weak argument If I speed and don't cause an accident I'm still breaking traffic laws


If you sped, then you didn’t abide by the agreement.

Why would you post something so moronic?
This post was edited on 1/12/24 at 3:35 pm
Posted by TDTOM
Member since Jan 2021
15317 posts
Posted on 1/12/24 at 3:35 pm to
quote:

The no victims thing is a weak argument

If I speed and don't cause an accident I'm still breaking traffic laws

Either his business committed fraud or it didn't. Whether or not someone was the victim of that is immaterial.



You should be embarrassed.......but you're not.
Posted by UncleFestersLegs
Member since Nov 2010
11091 posts
Posted on 1/12/24 at 3:36 pm to
quote:

The no victims thing is a weak argument

If I speed and don't cause an accident I'm still breaking traffic laws
its a civil case not criminal. There are no damages so wtf do you think is the remedy?
Posted by La Place Mike
West Florida Republic
Member since Jan 2004
28909 posts
Posted on 1/12/24 at 3:41 pm to
quote:

The no victims thing is a weak argument


Who was the victim in this case?
Posted by PaperTiger
Ruston, LA
Member since Feb 2015
23086 posts
Posted on 1/12/24 at 3:46 pm to
quote:

If I speed and don't cause an accident I'm still breaking traffic laws


Terrible terrible example man. Imagine whatever state you live in is trying to ban you from driving forever in your state because you were going 5 miles over the posted speed limit

Posted by CubsFanBudMan
Member since Jul 2008
5124 posts
Posted on 1/12/24 at 3:46 pm to
quote:

The no victims thing is a weak argument

If I speed and don't cause an accident I'm still breaking traffic laws

Either his business committed fraud or it didn't. Whether or not someone was the victim of that is immaterial.



You're comparing criminal to civil. Speeding is criminal. A fair comparison would be if you speed past my business every day, but never get a ticket, can I sue you in civil court? I would have to be able to prove that your speeding caused damages to my business. Now lets say that I claim that someone might have skipped turning into my business because they were scared you would hit them, so they went to the store on another street. That would get thrown out pretty quick.
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
64657 posts
Posted on 1/12/24 at 4:02 pm to
quote:

Either his business committed fraud or it didn't.


I worked in lending, mostly residential.

Fannie Mae Form 1003 is the universal residential loan application.

One of the sections is value of the property. You estimate the value of the property you are applying for a loan on.

At the end of the 1003, there's a signature required, with a warning stating that any misrepresentation is a violation of federal law.

Everyone always overestimates their assets on the loan application. Always. Because it is an ESTIMATE.

It's up to the lender to order an appraisal of those assets, and the lenders have underwriters (and now AI) to red flag other assets claimed (401k value, etc) and IRS form 4506 so they can verify your income with the IRS, and many other little things they can do to keep you honest and do their own homework before approving your loan application. Signature Authorizations so the lender can go to your bank and request bank statements and retirement savings statements, etc. And all of that is just for a basic home loan.

You think these mega-loans in the commercial world don't have similar, or even more robust methods of adjudicating their applicants' loan applications for millions of dollars?

Powerman, you are a true clown.

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