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Message

re: NY Judge rules Trump committed fraud in building real estate empire

Posted on 9/26/23 at 6:23 pm to
Posted by Born2rock
Member since Oct 2022
1145 posts
Posted on 9/26/23 at 6:23 pm to
This has nothing to do with the tax code.
Posted by lsu480
Downtown Scottsdale
Member since Oct 2007
92902 posts
Posted on 9/26/23 at 6:23 pm to
The assessor said Mar-A-Lago was only worth 18 million dollars so that is what the judge said it was worth when in reality it is worth somewhere between 500 million and a billion dollars. This is 100% a screw job.
Posted by BBONDS25
Member since Mar 2008
57076 posts
Posted on 9/26/23 at 6:24 pm to
quote:

This has nothing to do with the tax code.


Then what is the crime? Specifically?
Posted by OysterPoBoy
City of St. George
Member since Jul 2013
43084 posts
Posted on 9/26/23 at 6:25 pm to
Pile it on clowns.
Posted by WylieTiger
Member since Nov 2006
14426 posts
Posted on 9/26/23 at 6:25 pm to
That dude spits butter.
Posted by Trevaylin
south texas
Member since Feb 2019
9685 posts
Posted on 9/26/23 at 6:27 pm to
Maybe Trump could use the Commerce Clause impairment to get this into a Federal Judge
Posted by BBONDS25
Member since Mar 2008
57076 posts
Posted on 9/26/23 at 6:27 pm to
quote:

The assessor said Mar-A-Lago was only worth 18 million dollars so that is what the judge said it was worth when in reality it is worth somewhere between 500 million and a billion dollars. This is 100% a screw job.


The tax assessor in Santa Clara County and I are golf buddies. Every time I complain about my assessment, he says he will buy my house right now at that value. I, of course, back down immediately. There is absolutely nothing illegal about having an assessment below the actual value.
Posted by Born2rock
Member since Oct 2022
1145 posts
Posted on 9/26/23 at 6:28 pm to
quote:

Trump lied to banks and insurers by both overvaluing and undervaluing his assets when it was to his benefit, while at the same time exaggerating his net worth to the tune of billions of dollars.


...In his 35-page ruling, Judge Arthur Engoron said Trump continually lied on his financial statements and was able to get favorable loan terms and lower insurance premiums as a result. Trump's legal arguments defending the statements are based in "a fantasy world, not the real world," Engoron wrote.

LINK
Posted by BBONDS25
Member since Mar 2008
57076 posts
Posted on 9/26/23 at 6:30 pm to
quote:

In his 35-page ruling, Judge Arthur Engoron said Trump continually lied on his financial statements and was able to get favorable loan terms and lower insurance premiums as a result. Trump's legal arguments defending the statements are based in "a fantasy world, not the real world," Engoron wrote.


So did trump rely on assessors or on valuations? Surely you know the difference.
This post was edited on 9/26/23 at 6:31 pm
Posted by G&P
Baton Rouge, Louisiana
Member since Aug 2013
2374 posts
Posted on 9/26/23 at 6:30 pm to
The Dems in the DOJ are so corrupt and political. What a joke they have become to this institution.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
93674 posts
Posted on 9/26/23 at 6:31 pm to
quote:

So did trump rely on assessors or on valuations?


Imagine thinking the banks didnt know the value of the properties when they lent on it

Posted by BBONDS25
Member since Mar 2008
57076 posts
Posted on 9/26/23 at 6:32 pm to
quote:

Imagine thinking the banks didnt know the value of the properties when they lent on it


No shite. Which I why I asked the question. This dude is as financially illiterate as the judge.
Posted by Taxing Authority
Houston
Member since Feb 2010
62587 posts
Posted on 9/26/23 at 6:32 pm to
quote:

The tax assessor in Santa Clara County and I are golf buddies. Every time I complain about my assessment, he says he will buy my house right now at that value. I, of course, back down immediately. There is absolutely nothing illegal about having an assessment below the actual value.
and i’ve never heard of a *cough* taxing authority that let property owners do their own valuations.

It’s incredible this thing survived summary judgement. Our “justice” system is a joke.
Posted by BBONDS25
Member since Mar 2008
57076 posts
Posted on 9/26/23 at 6:34 pm to
quote:

It’s incredible this thing survived summary judgement. Our “justice” system is a joke.


No shite. Clearly a political persecution. And the useful idiots that have no clue how the real world works rejoice.
Posted by Born2rock
Member since Oct 2022
1145 posts
Posted on 9/26/23 at 6:35 pm to
You're gonna have to look that up.
Posted by BBONDS25
Member since Mar 2008
57076 posts
Posted on 9/26/23 at 6:36 pm to
quote:

You're gonna have to look that up.


No. I don’t. You have clearly never applied for a loan. Banks don’t just trust you.
Posted by Taxing Authority
Houston
Member since Feb 2010
62587 posts
Posted on 9/26/23 at 6:37 pm to
quote:

Clearly a political persecution. And the useful idiots that have no clue how the real world works rejoice.

Birds in search of a cage. It’s true what they say, most dictatorships start out popular.
Posted by BBONDS25
Member since Mar 2008
57076 posts
Posted on 9/26/23 at 6:38 pm to
Yep. And you have financial illiterates in here thinking they have a smoking gun.
Posted by TheSadvocate
North Shore
Member since Aug 2020
4638 posts
Posted on 9/26/23 at 6:39 pm to
quote:

Trump is a thief. Understates income, overstates expenses..,overvalues properties to reduce taxes to the state. Did the same with his fed taxes as well. Cheats and lies. What a character.

Yes the first sign for me was giving up
his salary as president. Greedy fricker
Posted by Born2rock
Member since Oct 2022
1145 posts
Posted on 9/26/23 at 6:45 pm to
quote:

No. I don’t. You have clearly never applied for a loan. Banks don’t just trust you.


I'm aware of that...apparently, when he applied for loans, he wrote down what he wanted...and the banks believed it. Banks are probably at fault as well.
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