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Message
re: So in this civil Trump trial
Posted on 11/6/23 at 2:40 pm to RedStickFox
Posted on 11/6/23 at 2:40 pm to RedStickFox
quote:
You think it's perfectly fine that they tripled square footage on a form and that they falsely put someone's name as an appraiser when he never did an appraisal.
I would like to see the form and see who signed it.
3
Posted on 11/6/23 at 2:42 pm to BBONDS25
Trump really should not sit at a table with a pencil and calculator and complete his financials.
Posted on 11/6/23 at 2:42 pm to RedStickFox
so the party line is that a large bank made a massive loan on real estate without securing its own evaluation or, at minimum, dropping a line to verify the alleged Trump appraisal? Is that what we are being told to believe? LOL
Posted on 11/6/23 at 2:42 pm to AGGIES
I dont really care who said what. The fact is the bank, who's job it is to determine value, decided they were ok with loaning money based on the agreed upon valuations.
Posted on 11/6/23 at 2:43 pm to RoosterCogburn585
This is a stupid trial and Trump should immediately take it to the New York Supreme Court. It seems to me the very laws they are using should be unconstitutional. I am not aware of such laws in other states.
Basically if you fill out a loan ap and say your home is worth $X and the DA sees that app and thinks it wrong they can bring a lawsuit.
Trump doesn't help himself with all his BS talk outside the court and inside. Stick to the facts and if you lose move to appeal.
Basically if you fill out a loan ap and say your home is worth $X and the DA sees that app and thinks it wrong they can bring a lawsuit.
Trump doesn't help himself with all his BS talk outside the court and inside. Stick to the facts and if you lose move to appeal.
Posted on 11/6/23 at 2:43 pm to BBONDS25
quote:
I don’t usually believe what a prosecutor alleges is necessarily a fact.
It's not alleged. Trump has already lost the case based on the documents. We are merely figuring out the damages at this point.
Let me guess, now you are going to back track and say "even though he's lost in court, it doesn't matter, I need to review all the documents myself."
To which I will reply "Trump has already admitted under oath that the square footage was wrong and that the guys name shouldn't have been listed as the appraiser. He admitted to the falsehood but said they are honest mistakes".
To which you will reply "well trump is amazing and his balls taste like vanilla. It was an honest mistake and the trial should be dropped immediately."
Posted on 11/6/23 at 2:45 pm to RoosterCogburn585
quote:By "courts" do you mean that New York AG? Or are you under the impression that this judge and court made the accusation?
So the courts were able to figure this out but not the banks who were lending hundreds of millions of dollars? Is that the argument we are going with?
Do you know the difference between a court and an AG?
Posted on 11/6/23 at 2:46 pm to RedStickFox
quote:
It's not alleged. Trump has already lost the case based on the documents. We are merely figuring out the damages at this point.
Preponderance of evidence in Front of a biased judge. Forgive me for requesting the source document. Nobody seems to be able to produce it.
quote:
Let me guess, now you are going to back track and say "even though he's lost in court, it doesn't matter, I need to review all the documents myself."
Absolutely. Courts get stuff wrong all the time.
quote:
To which I will reply "Trump has already admitted under oath that the square footage was wrong and that the guys name shouldn't have been listed as the appraiser. He admitted to the falsehood but said they are honest mistakes".
Ok. I’d like to see the source document and who signed it.
quote:
To which you will reply "well trump is amazing and his balls taste like vanilla. It was an honest mistake and the trial should be dropped immediately."
This is lazy. If you can’t produce the document, just say it.
This post was edited on 11/6/23 at 2:47 pm
Posted on 11/6/23 at 2:47 pm to BBONDS25
correct. I would also like to know who gets to define square footage. Value is rather subjective, but there are also many different classifications of square footage. what was this form? was it a simple financial statement, which relies heavily on estimations and memory, or some legal attestation.
Posted on 11/6/23 at 2:47 pm to BBONDS25
quote:
I would like to see the form and see who signed it
Why? It's a civil case against the Trump Org. The Trump Org will need to pay damages. Whether Trump signed it or one of the kids or merely another employee, Trump Org is responsible for the countless lies and falsehoods.
I'm shocked at how little people who sit on a politics board all day actually know about these cases.
Posted on 11/6/23 at 2:48 pm to RedStickFox
why? maybe because these people couldnt tell the fricking truth if their lives depended on it, thats why.
Posted on 11/6/23 at 2:49 pm to RedStickFox
quote:
I'm shocked at how little people who sit on a politics board all day actually know about these cases.
quote:
It's a civil case against the Trump Org.
Very aware of this.
quote:
The Trump Org will need to pay damages.
Good point. Please describe the damages.
quote:
Trump Org is responsible for the countless lies and falsehoods.
Yet you can’t produce one document supporting this. It’s not a big ask.
Posted on 11/6/23 at 2:50 pm to BBONDS25
quote:
Can you link the document where this occurred?
Here you go...
complaint_with_exhibits_part1.pdf
complaint_with_exhibits_part2.pdf
Posted on 11/6/23 at 2:51 pm to RedStickFox
I was a banker for one of the largest private banks on earth for a decade. there is nothing illegal or fraudulent about estimates made on a financial statement. If the bank intends to secure or approve a loan or other transaction based on assets listed on a financial statement, it will ALWAYS verify them independently.
Posted on 11/6/23 at 2:55 pm to BBONDS25
quote:
This is lazy. If you can’t produce the document, just say it.
The lazy thing is to ask someone to go dig around for documents to prove lies that have already been proven VIA a court decision and even by the persons own admission.
Posted on 11/6/23 at 2:58 pm to RedStickFox
but you, nor anyone else, have proven anything. All you have is differing opinions about real estate values and usable square footage on some old, non-binding financial statements.
Posted on 11/6/23 at 2:59 pm to Vacherie Saint
quote:Well damn. Someone on a message board knows more than the new york AG and the judge.
there is nothing illegal or fraudulent about estimates made on a financial statement.
So you are saying it's perfectly legal for me to tell a bank my house has been appraised for 5 million dollars when in reality it's been appraised for 300K?
Posted on 11/6/23 at 3:02 pm to Vacherie Saint
quote:
How is it different?? Somewhere on a financial statement, a billionaire has an asset valued at 29MM except no one else on planet earth thinks its worth that much. So I ask again... How is it different?
It's different because unless MJ borrowed money against that valuation, then he didn't inflate the value to a third party for financial gain.
It's one thing to ask a high price for someone to pay for something you own, it's another thing to offer it as collateral to a bank on a loan.
Now, all that said, MJ probably HAS borrowed money against that valuation. This is clearly selective prosecution. Everyone on the planet with any significant assets has probably done what Trump is accused of doing here.
Posted on 11/6/23 at 3:03 pm to RedStickFox
I'm telling you that this is not illegal. You can tell the bank whatever the frick you want. If you expect them to lend you money on said house, the onus is on the bank to do an independent appraisal of the collateral, validate your ability to pay, check your credit, etc... Its not uncommon for appraisals to come back with wildly different values - especially on large commercial real estate.
Its called underwriting.
Its called underwriting.
Posted on 11/6/23 at 3:03 pm to RedStickFox
quote:
there is nothing illegal or fraudulent about estimates made on a financial statement.
Well damn. Someone on a message board knows more than the new york AG and the judge.
So you are saying it's perfectly legal for me to tell a bank my house has been appraised for 5 million dollars when in reality it's been appraised for 300K?
You are making a very poor argument. It kinda funny though so it is giving me something to laugh at on a slow monday afternoon.
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