re: Someone explain the Trump fraud case to me?

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I’ve done financing for decades. If we threw everyone in jail that estimated a value and sq footage on an application that came in differently on the appraisal - every single applicant would be in prison right now.

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This. I’ve dealt with banks for many loans.

What I give them is my estimation of my assets. This is used simply to determine if it’s worth it by the bank to go further.

Example: I need a loan that requires 10 million in collateral. I submit assets I estimate at 5 million. Bank says “we can’t do that loan you don’t have the collateral.”

Let’s say I submit assets I estimate at 20 million. Bank says “this looks good on paper, let’s proceed and do our due diligence” then bank confirms assets and determines value of 16 million. I get the loan. I did not commit fraud by overestimating the value.

Let’s say bank confirms assets but they’re only worth 8 million. I don’t get the loan. I still committed no fraud.


The only way here to commit fraud is if you pay off the appraiser and he agreed to overvalue your assets so you can get financing. Even then the fraud would likely only be exposed if you default on the loan

He looks like Gilligan

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Someone explain the Trump fraud case to me?

You could read the case

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Maybe he’s asking for things a more subject matter expert might know. Like why was there a summary judgment here? Why were trumps witnesses who spoke to zero fraud not allowed to have their testimony heard?

Plus about 12 other things that are fricky as hell around this case, outside of just the words of the case on paper.

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Saying values are higher than what they are is fraud.

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So let's step back and try to take a Birdseye view of this analysis

I go into a bank or a loan and use my property as collateral. That is the transaction between two private entities. The bank agrees with my valuation of the property and pays me the money I ask to borrow.

I pay the money back on time without issue.

And unless I am missing some thing what is criminal about that action. Or, more importantly for this particular civil lawsuit, where is the damage done.

Also, given that this appears to be a civil lawsuit what gives the judge authority to disgorge ownership and companies without damages

You can't tell
the IRS you have a 3300 sq ft condo in Trump tower
and a bank its 10k sq ft. Same address

And on and on--its math and Trump people hate math
Vote totals, money, lie totals etc

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The idiots on this board think Trump can borrow tens of millions of dollars and just make up values. They have zero idea how grown-up world works

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I don’t know the specifics of this case but it depends on the loan. If it’s a mortgage then the bank will obviously get an appraisal. If Trump guarantees a loan a bank might ask for a personal balance sheet and they will not get an appraisal on every asset. So those values can be manipulated. Not saying they were in this case, just providing context.

so you think MAL is worth only 18M as the judge believes?



There are over 20 properties in a 7 block stretch of West Palm alone right now listed higher. Idiot

You need a better hobby.

Those banks were under very specific instructions to lend out money with very little/no due diligence.

Completely different than this Trump case.

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so you think MAL is worth only 18M as the judge believes?

?

There are over 20 properties in a 7 block stretch of West Palm alone right now listed higher. Idiot

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It's value today isn't relevant to a loan from 2011. At that time, Trump estimated its value at between 426m and 612m. Liberal estimates today put it around 300m today.

Engoron also found that Trump inflated the value of his Mar-a-Lago club by at least 2,300%, claiming the property assessed by the county between $18 million and $27.6 million was actually worth between $426,529,614 and $612,110,496.