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re: Trump owes lenders $450 million yet there were no complaints from the lenders.
Posted on 2/17/24 at 6:18 pm to bayouboo
Posted on 2/17/24 at 6:18 pm to bayouboo
quote:
The prosecution argued that the law used doesn’t require a victim.
What I dont understand is how the prosecution gets by the arguement that in the free enterprise system a business can negotiate terms of loans and there is no rule for valuing. Large businesses leverage their deals for loans based on their history of success. Nothing wrong with that.
Posted on 2/17/24 at 6:21 pm to GetmorewithLes
You don’t understand it because it’s not capable of rational reasoning and understanding. So you’re on the right side of the thing as you are.
Posted on 2/17/24 at 6:33 pm to GetmorewithLes
The case was about inaccurate financial documents used to secure the loans, not the bank’s valuation. The most reported inaccuracy was the value of his penthouse and the difference in square footage on different documents.
Posted on 2/17/24 at 7:59 pm to GetmorewithLes
You would think so and I don't think that the federal statutes have anything to say on the matter. But NY law is vastly different as it applies to things like this apparently. The state feeling like it should protect against fraud does not necessarily require a non state complaintant. It can be ostensibly enforcing the common good. It's a money grab, of course and it has seldom if ever been used.
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