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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
53741 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
Earth. maybe
Member since Jan 2007
64545 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
29089 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 momentoftruth87
Member since Oct 2013
70969 posts
Posted on 2/18/24 at 7:29 am to
Why didn’t the bank turn him in and give him the money?
Posted by Wednesday
Member since Aug 2017
15367 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
45050 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
4650 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 SDVTiger
Cabo San Lucas
Member since Nov 2011
72738 posts
Posted on 2/18/24 at 7:38 am to
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 by Damone
FoCo
Member since Aug 2016
32355 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 loogaroo
Welsh
Member since Dec 2005
30043 posts
Posted on 2/18/24 at 7:40 am to
quote:

Think about a judge that arbitrarily values your Maralago property


That’s the rub. The law they used allows him to do exactly that.
Posted by antibarner
Member since Oct 2009
23704 posts
Posted on 2/18/24 at 7:45 am to
In that courtroom it wouldn't matter if he were represented by Daniel Webster Perry Mason and Matlock the outcome was pre determined.

That so called judge should be removed from the bench for such a ruling and trial.

Posted by Tomatocantender
Boot
Member since Jun 2021
4650 posts
Posted on 2/18/24 at 7:49 am to
quote:

That’s the rub. The law they used allows him to do exactly that.


Which is why Trump's lawyers proactively have all of this on record numerous times throughout this proceeding. The next level appeals court is a Dem controlled kangaroo, but when it gets to the NY State Supreme then Trump's lawyers will have this lower court judge by the balls with the record of facts. You literally have vacant raw land a mile from Maralago valued at 5 times more than Maralago itself. That alone does not survive a reasonable person standard of the record.
Posted by roadkill
East Coast, FL
Member since Oct 2008
1819 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 loogaroo
Welsh
Member since Dec 2005
30043 posts
Posted on 2/18/24 at 7:58 am to
quote:

but when it gets to the NY State Supreme then Trump's lawyers will have this lower court judge by the balls with the record of facts.


I hope so. It would be awesome to see a sweeping nut cutting and disbarring all the way down.
Posted by Robin Masters
Birmingham
Member since Jul 2010
29561 posts
Posted on 2/18/24 at 8:00 am to
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 by saint tiger225
San Diego
Member since Jan 2011
35233 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 SDVTiger
Cabo San Lucas
Member since Nov 2011
72738 posts
Posted on 2/18/24 at 8:03 am to
The only person who wouldnt print money is Conservative Desantis He would fix it all!



Posted by DEG
Atlanta
Member since Jul 2009
10517 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 davyjones
NELA
Member since Feb 2019
29797 posts
Posted on 2/18/24 at 8:05 am to
Oh except he (RD) was right there at the trough slopping up pandemic relief funds like the rest of them.
This post was edited on 2/18/24 at 8:06 am
Posted by Robin Masters
Birmingham
Member since Jul 2010
29561 posts
Posted on 2/18/24 at 8:05 am to
quote:

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.


What does Joe Biden have to do with this?
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