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Started By
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re: Imagine being fined 355 million for exaggerating your wealth
Posted on 2/18/24 at 7:28 am to ApexTiger
Posted on 2/18/24 at 7:28 am to ApexTiger
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.
21
Posted on 2/18/24 at 7:29 am to DavidTheGnome
Why didn’t the bank turn him in and give him the money?
Posted on 2/18/24 at 7:38 am to DavidTheGnome
quote:
But that he fraudulently applied for a loan. It doesn’t matter if he still paid it, fraud is fraud.
How did he fraudulently apply for a loan?
Posted on 2/18/24 at 8:00 am to DavidTheGnome
quote:
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.
Value is subjective. If you buy a car for less than initial asking price was the dealer committing fraud when they listed it as the initial price?
Posted on 2/18/24 at 8:12 am to DavidTheGnome
quote:
fraud is fraud.
frick you this is a targeted political attack from the very cabal that runs our country
Posted on 2/18/24 at 8:51 am to DavidTheGnome
What fraud was committed?
Posted on 2/18/24 at 9:17 am to DavidTheGnome
Banks have due diligence and are required to get appraisals done regardless of what a loan applicant states
Posted on 2/18/24 at 9:25 am to DavidTheGnome
quote:
It doesn’t matter if he still paid it, fraud is fraud.
This is the dumbest shite I ever heard. Fraud requires someone to actually be defrauded. There was no one defrauded.
Posted on 2/18/24 at 9:27 am to DavidTheGnome
quote:
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.
You don’t understand how the loan process for real estate has worked for decades in NYC.
The bankers involved all explained how this is standard process.
In addition, the court horrifically undervalued his assets to allow them to pursue this lawfare suit in the first place.
No one with even a rudimentary understanding of real estate took this as anything other than a witch hunt when it emerged how they were artificially undervaluing his properties such as mar a lago in what has been a red hot S FL market.
Posted on 2/18/24 at 9:31 am to DavidTheGnome
quote:what the frick? this is why this country is fricked, because of mouth breather reeee morons like this. Just bend over and take what they tell you to take, who cares, you can still get your Big Mac today.
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 on 2/18/24 at 9:41 am to DavidTheGnome
quote:
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.
If every person who tried to justify this court’s actions keeled over dead spontaneously, we could rebuild our country.
Posted on 2/18/24 at 9:45 am to DavidTheGnome
quote:
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.
It's up to the banks to do their due diligence. If they blindly accepte4 the numbers with no question, they found them to be accurate and acceptable. THEY were negligent if they did not vet the assets.
This is the biggest bullshite ruling I've ever heard of. Banks are happy. Loans paid back. FRAUD!!!!
Only Gnomes and trolls would actually have the audacity to post in support of this ruling.
Posted on 2/18/24 at 9:50 am to DavidTheGnome
quote:
DavidTheGnome
Why must you come on here? Your side controls literally everything. Go post somewhere else and please leave us alone.
Posted on 2/18/24 at 10:02 am to DavidTheGnome
quote:
But that he fraudulently applied for a loan.
Except the bank said he didn’t.
Posted on 2/18/24 at 10:09 am to DavidTheGnome
quote:
But that he fraudulently applied for a loan
Did he use a false SSN or TIN? Did he steal an identity? Did he use collateral that he wasn't entitled to use? Expound upon your theory.
How can there be fraud when neither party was defrauded?
I hope every meaningful company exits NY with the quickness. frick NY and CA at this point. I won't spend a dime in either, and it's a shame because they have a lot to offer.
Posted on 2/18/24 at 10:27 am to DavidTheGnome
quote:
as I understand it.
There's the problem. You don't understand $%it about f#$k.
Posted on 2/18/24 at 10:31 am to DavidTheGnome
The bank does their own appraisal. Your statement is retarded
Posted on 2/18/24 at 11:17 am to DavidTheGnome
quote:
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.
Banks don’t give out loans based on your word. Loans require documents proving cash flow, assets, etc. Any property owned that’s used as collateral the bank will send an appraiser to determine its value.
Posted on 2/18/24 at 11:38 am to DavidTheGnome
Bring back LucasP!
Posted on 2/18/24 at 4:03 pm to DavidTheGnome
This post was edited on 4/5/24 at 2:55 pm
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