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Imagine being fined 355 million for exaggerating your wealth

Posted on 2/18/24 at 7:22 am
Posted by ApexTiger
cary nc
Member since Oct 2003
54110 posts
Posted on 2/18/24 at 7:22 am
without a jury...(and no-one suffered a loss by your exaggerations) - by a government that prints money in the middle of the night in order to pay it's bills due to it's overspending, and then adds the borrowed money on your children's national debt card with interest.

What a lovely country that protects democracy!

I say fight to the end!!! Do not give up!

This post was edited on 2/18/24 at 7:25 am
Posted by themunch
Here
Member since Jan 2007
67586 posts
Posted on 2/18/24 at 7:24 am to
The court is allowed to exaggerate
Posted by DavidTheGnome
Monroe
Member since Apr 2015
29883 posts
Posted on 2/18/24 at 7:28 am to
It’s not that he merely exaggerated his wealth as I understand it. But that he fraudulently applied for a loan. It doesn’t matter if he still paid it, fraud is fraud.
Posted by Wednesday
Member since Aug 2017
15915 posts
Posted on 2/18/24 at 7:31 am to
I don’t see it as a penalty for exaggerating his wealth.

I see it as a penalty for Trump’s very existence and paying back a loan.

These weren’t freaking home mortgages. These were commercial transactions negotiated at arms length.

The entire ruling is an abomination untethered from any legal principle
Posted by LuckyTiger
Someone's Alter
Member since Dec 2008
46611 posts
Posted on 2/18/24 at 7:35 am to
quote:

Imagine being fined 355 million for exaggerating your wealth


In a private transaction between parties.

That ended up making the loaning party millions.

And created jobs.

And grew the tax base.
Posted by Tomatocantender
Boot
Member since Jun 2021
4974 posts
Posted on 2/18/24 at 7:37 am to
Think about a judge that arbitrarily values your Maralago property to only be $18M when vacant 2-acre lots around Maralago are going for $100M plus. Btw, there were addendum disclosures in every one of those loan applications that were signed by both parties acknowledging the assets valued were merely estimates, it is the sole responsibility of the party making the loan to conduct their own valuation prior to making said loan.
Posted by Damone
FoCo
Member since Aug 2016
32966 posts
Posted on 2/18/24 at 7:39 am to
I seriously doubt this happens to Trump if he’s represented by better lawyers. He’s resorting to amateurs and bottom of the barrel lawyers now and it’s showing.
Posted by roadkill
East Coast, FL
Member since Oct 2008
1931 posts
Posted on 2/18/24 at 7:56 am to
quote:

for exaggerating your wealth


Your entire premise is wrong - he didn't exaggerate anything - he stated his opinion on the worth of his assets and the banks performed their due diligence and agreed - the useful idiots in this thread calling it fraud probably had to get a co-signer (mommy) for their single-wide.
Posted by saint tiger225
San Diego
Member since Jan 2011
37422 posts
Posted on 2/18/24 at 8:01 am to
quote:

by a government that prints money in the middle of the night in order to pay it's bills due to it's overspending, and then adds the borrowed money on your children's national debt card with interest.

Yea, Trump definitely didn't do this as president.
This post was edited on 2/18/24 at 8:02 am
Posted by DEG
Atlanta
Member since Jul 2009
10559 posts
Posted on 2/18/24 at 8:04 am to
Imagine living a life thinking you can bend and break every rule, shite on people your entire adult life, associate with sex traffickers, blame others for problems you created, and then thinking it will never come back to bite you.
Posted by Placekicker
Florida
Member since Jan 2016
8986 posts
Posted on 2/18/24 at 8:06 am to
What we’re witnessing in this country is something that I thought I’d only see in communist ones.

“Show me the man, and I’ll show you the crime.”

Dems in blue states, in conjunction with DC, have weaponized the justice system to go after one man. They have changed statutes, bent laws, made up their own assessments of property thousands of miles away and have never seen, used activist judges who have already decided he is guilty before the first day in court, and have severely limited his ability to mount a defense. In short, they have brought the full might of the US government down on one man.

Their corruption is on display for the world to see.

The only ones cheering them on are the liberals, who have been trained like Pavlov’s dogs, to hate the mention of the name “Trump.” The ones who “Reeee” and scream anytime he is mentioned. But, they’re also the ones who can’t stop talking about him. In any thread anywhere, in any political topic, there will be at least one liberal who says “But Trump”. These poor, brainwashed souls are the only ones who don’t see the corruption of our government.
Posted by Great Plains Drifter
Member since Jul 2019
5336 posts
Posted on 2/18/24 at 8:24 am to
quote:

Imagine being fined 355 million for exaggerating your wealth


As long as you are never considered a political threat, you’ll be fine.
Posted by Nosevens
Member since Apr 2019
11739 posts
Posted on 2/18/24 at 8:36 am to
But was he truly exaggerating his wealth? In figuring out values they use the most optimal numbers to secure the most optimal outcomes for the market they are in. Using today’s data for years past cannot be looked upon as the same
Posted by BayouBlitz
Member since Aug 2007
16240 posts
Posted on 2/18/24 at 9:25 am to
quote:

exaggerating your wealth


Is fraud.
Posted by VOR
Member since Apr 2009
64407 posts
Posted on 2/18/24 at 9:39 am to
Exaggerating the value of assets in order to secure a loan is fraud. I’ve seen several such cases in Louisiana. It’s really not very complicated.

Posted by SirWinston
PNW
Member since Jul 2014
86861 posts
Posted on 2/18/24 at 9:47 am to
It's reprehensible and I really do hope the trucker thing or something equally as meaningful takes hold.
Posted by cajunangelle
Member since Oct 2012
150547 posts
Posted on 2/18/24 at 10:18 am to
Lou Pai and some others wished death on Trump. How many would wish that Biden would throw Trump in jail to die?

How many would be delighted if Trump was JFKed.?The View would have a special broadcast with balloons confetti and covfefe.

Posted by FlySaint
FL Panhandle
Member since May 2018
1916 posts
Posted on 2/18/24 at 10:47 am to
Show proof he exaggerated his wealth. Thanks.
Posted by ForeverGator
Elite 8 - 2020 Worst SECRant Poster
Member since Nov 2012
13306 posts
Posted on 2/18/24 at 10:50 am to
It's not tough to find out why the fine is what it is...

It's the interest he saved from the bank giving him a favorable interest rate due to his lying of financial statements PLUS the profits he received from using the loans and selling property obtained by those loans.

This will not survive appeal; the judgment is justly sound.
Posted by Auburn1968
NYC
Member since Mar 2019
21043 posts
Posted on 2/18/24 at 10:58 am to
The only fraud in this case is the judge and the AG and they should go to jail for denial of Trumps civil and constitutional rights under color of law.
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