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re: Imagine being fined 355 million for exaggerating your wealth
Posted on 2/18/24 at 8:36 am to ApexTiger
Posted on 2/18/24 at 8:36 am to ApexTiger
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
0
Posted on 2/18/24 at 8:51 am to Damone
quote:
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.
He was guilty with this judge before it even started. You’re a moron.
Posted on 2/18/24 at 8:51 am to DavidTheGnome
What fraud was committed?
Posted on 2/18/24 at 8:58 am to DEG
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.
If this were the case they would have prosecuted him a long time ago.
Posted on 2/18/24 at 9:05 am to Tchefuncte Tiger
exaggerating how much cash he had on hand, misrepresenting the size of his properties (e.g. he claimed his Trump Tower Penthouse was about 30,000 sq. feet when it was about 10,000), under-reporting liabilities. Ultimately, this allowed him to get lower interest rates which lowered his costs and allowed him to pocket more money. Also, the company was found guilty in a criminal proceeding and the CFO went to prison after pleading guilty to 15 counts including grand larceny, falsifying business records, and yes, criminal tax fraud himself.
This post was edited on 2/18/24 at 9:13 am
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 9:20 am to TigerDoc
quote:
exaggerating how much cash he had on hand, misrepresenting the size of his properties (e.g. he claimed his Trump Tower Penthouse was about 30,000 sq. feet when it was about 10,000), under-reporting liabilities. Ultimately, this allowed him to get lower interest rates which lowered his costs and allowed him to pocket more money. Also, the company was found guilty in a criminal proceeding and the CFO went to prison after pleading guilty to 15 counts including grand larceny, falsifying business records, and yes, criminal tax fraud himself.
TDS in a nutshell ladies and gentlemen.
Posted on 2/18/24 at 9:24 am to TigerDoc
quote:
Ultimately, this allowed him to get lower interest rates which lowered his costs and allowed him to pocket more money
sounds smart to me and every single rich person has done the same
quote:
Also, the company was found guilty in a criminal proceeding and the CFO went to prison after pleading guilty to 15 counts including grand larceny, falsifying business records, and yes, criminal tax fraud himself.
guess I am out of the loop on this...
Did anyone go to jail for fabricating Russia Collusion?
I am just curious?
This is actually stuff taxpayers care about
Trump has a phone call with Zelensky...get's impeached!
2 years later, Biden is sending billions to Ukraine
...if you can't see the obvious you will never see
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 9:25 am to ApexTiger
quote:
exaggerating your wealth
Is fraud.
Posted on 2/18/24 at 9:26 am to TDTOM
It's guilty pleas, judgements, and hundreds of millions in fines and penalties.
What's deranged is not to think that his whole career has been based on fraud.
What's deranged is not to think that his whole career has been based on fraud.
Posted on 2/18/24 at 9:26 am to DEG
quote:
quote:What does Joe Biden have to do with this? frick Joe Biden too. I’m not a political cum swallower like the Trumpcucks on this board.
You're worse than a "political cum swallower" you're a Woke Dim/Groomer....the worst.
Posted on 2/18/24 at 9:26 am to thebigmuffaletta
quote:
This is the dumbest shite I ever heard. Fraud requires someone to actually be defrauded. There was no one defrauded.
CNN said that Trump exaggerated his wealth so he could make the Forbes 400
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 9:27 am to ApexTiger
quote:
sounds smart to me and every single rich person has done the same
If you said this in court you would be making a confession.
It speaks to the corruption of the system that under-prosecutes white-collar crime.
Posted on 2/18/24 at 9:28 am to TigerDoc
quote:
What's deranged is not to think that politicians who spend their whole careers in Washington haven't accumulated all their wealth by way of fraud, kickbacks, insider trading and the like. Note: they are the ones behind Trump being under constant investigations
FIFY
This post was edited on 2/18/24 at 9:29 am
Posted on 2/18/24 at 9:29 am to DEG
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.
That's a good description of Biden but you forgot to mention influence peddling.
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 9:32 am to olddawginCa
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.
That's a good description of Biden but you forgot to mention influence peddling.
You left out bribery.
Posted on 2/18/24 at 9:34 am to TigerDoc
quote:You are an idiot and you just outed yourself as such.
exaggerating how much cash he had on hand, misrepresenting the size of his properties (e.g. he claimed his Trump Tower Penthouse was about 30,000 sq. feet when it was about 10,000), under-reporting liabilities. Ultimately, this allowed him to get lower interest rates which lowered his costs and allowed him to pocket more money. Also, the company was found guilty in a criminal proceeding and the CFO went to prison after pleading guilty to 15 counts including grand larceny, falsifying business records, and yes, criminal tax fraud himself.
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