Started By
Message

$355 million what is the justification?

Posted on 2/17/24 at 5:43 pm
Posted by Geaux-2-L-O-Miss
Between Your Ears
Member since Aug 2005
3425 posts
Posted on 2/17/24 at 5:43 pm
Is this a number the judge pulled out of his arse or did he provide a reasoned accounting for how he determined this to be the correct amount of "damages"?
Posted by ForeverGator
Elite 8 - 2020 Worst SECRant Poster
Member since Nov 2012
13005 posts
Posted on 2/17/24 at 5:45 pm to
Gotta get those funds for Ukraine somehow. The judges are in on it too!
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123813 posts
Posted on 2/17/24 at 5:45 pm to
quote:

$355 million what is the justification?
In our system, there no longer need be justification, only a (D)etermination
Posted by Warfarer
Dothan, AL
Member since May 2010
12123 posts
Posted on 2/17/24 at 5:46 pm to
quote:

Is this a number the judge pulled out of his arse or did he provide a reasoned accounting for how he determined this to be the correct amount of "damages"?


im actually curious about this too. I watched a video reviewing the judgements and it is like 30 judgements totaling the 355 mil.
Posted by POTUS2024
Member since Nov 2022
10933 posts
Posted on 2/17/24 at 5:46 pm to
quote:

$355 million what is the justification?

Hate
Posted by TerryDawg03
The Deep South
Member since Dec 2012
15658 posts
Posted on 2/17/24 at 5:48 pm to
Supposedly interest and fees he would have paid under market terms, whatever the court seems that to be.

It’s a joke.
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72534 posts
Posted on 2/17/24 at 5:48 pm to
ORANGE MAN BAD!

THAT IS WHY!
Posted by WPBTiger
Parts Unknown
Member since Nov 2011
30900 posts
Posted on 2/17/24 at 5:52 pm to
quote:

what is the justification?


Posted by teke184
Zachary, LA
Member since Jan 2007
94915 posts
Posted on 2/17/24 at 5:53 pm to
quote:

Supposedly interest and fees he would have paid under market terms, whatever the court seems that to be.

It’s a joke.


Especially since the loans were paid off on time and the lenders want to deal with him again.


This is the state of New York deciding that it wants to interfere in business because it knows better than businessmen and banks.
Posted by Hoops
LA
Member since Jan 2013
6515 posts
Posted on 2/17/24 at 5:53 pm to
It was her turn
Posted by MemphisGuy
Member since Nov 2023
3061 posts
Posted on 2/17/24 at 5:54 pm to
quote:

Supposedly interest and fees he would have paid under market terms, whatever the court seems that to be.

It’s a joke.


But... if they banks did their due diligence, and I can assure you that they did, aren't they free to loan money under whatever reasonable terms they choose to?

Or do banks now have to run all of their loans by a prosecutor and judge who have zero financial knowledge and experience to make sure that, in their opinion, the banks are having a fast one pulled on them?
Posted by Demonbengal
Ruston
Member since May 2015
1263 posts
Posted on 2/17/24 at 6:03 pm to
I’m still not clear who he owes the money to. Is it NY state or the lenders he supposedly defrauded? The lenders don’t feel duped by him and weren’t the ones that brought the charges. If I had a substantial amount of money and a R by my name, I’d be cashing out of NY.
Posted by auggie
Opelika, Alabama
Member since Aug 2013
27849 posts
Posted on 2/17/24 at 6:11 pm to
Go down the list of who gets a cut.
That shite ads up.
Posted by thebigmuffaletta
Member since Aug 2017
12852 posts
Posted on 2/17/24 at 6:12 pm to
quote:

This is the state of New York deciding that it wants to interfere in business because it knows better than businessmen and banks.


That’s all this is. It’s government interference in private transactions.
This post was edited on 2/17/24 at 6:13 pm
Posted by SouthEasternKaiju
SouthEast... you figure it out
Member since Aug 2021
24766 posts
Posted on 2/17/24 at 6:13 pm to
100% tyranny


Anyone who doesn't see this or pretends not to see it is the problem.
Posted by Geaux-2-L-O-Miss
Between Your Ears
Member since Aug 2005
3425 posts
Posted on 2/17/24 at 6:19 pm to
quote:

Go down the list of who gets a cut.


Do you have a link to said "list"?
Posted by loogaroo
Welsh
Member since Dec 2005
30391 posts
Posted on 2/17/24 at 6:23 pm to
quote:

This is the state of New York deciding that it wants to interfere in business because it knows better than businessmen and banks.


The banks have to pissed about this right?

This seems like it's going to backfire spectacularly.
Posted by BlueDogTiger
Member since Jan 2014
1309 posts
Posted on 2/17/24 at 6:28 pm to
Judge used some expert guys opinion that the interest rates charge on some of the loans would have been higher had Trump not been able to get the personal guarantee with his “fraudulent” financial statements. And the difference is quite staggering. And the rationale is complete BS. That amounted to about $165 million.

Then another $128 million or so came from the profit made on selling the Old Post office building. Again because the loan used to purchase and Renovate was made with fraud records. All BS.

Private transactions and no victims. Basic banking activity that happens every day
Posted by The1TrueTiger
Colorado Springs, Colorado
Member since Apr 2009
1980 posts
Posted on 2/17/24 at 8:06 pm to
Poor Trump, Everyone is picking on him, why can't he just run his businesses as illegally and fraudulently as he wants to with out having to abide all those laws
Posted by auggie
Opelika, Alabama
Member since Aug 2013
27849 posts
Posted on 2/17/24 at 8:29 pm to
quote:

Do you have a link to said "list"?

That would never be allowed on the interweb.
first pageprev pagePage 1 of 2Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram