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Started By
Message
re: Trump owes lenders $450 million yet there were no complaints from the lenders.
Posted on 2/17/24 at 1:01 pm to DavidTheGnome
Posted on 2/17/24 at 1:01 pm to DavidTheGnome
You are a mental midget
0
Posted on 2/17/24 at 1:03 pm to GetmorewithLes
The prosecution argued that the law used doesn’t require a victim.
Posted on 2/17/24 at 1:13 pm to Bass Tiger
A dem witted TDS judge who campaigned on "getting Trump" combined with a dem witted AG who campaigned on "getting Trump" put on an absurd show trial to get Trump. They should go to jail for that abuse of power.
quote:
18 U.S.C. § 242
Deprivation of Rights Under Color of Law
This provision makes it a crime for someone acting under color of law to willfully deprive a person of a right or privilege protected by the Constitution or laws of the United States. It is not necessary that the offense be motivated by racial bias or by any other animus.
Defendants act under color of law when they wield power vested by a government entity. Those prosecuted under the statute typically include police officers, sheriff’s deputies, and prison guards. However other government actors, such as judges, district attorneys, other public officials, and public school employees can also act under color of law and can be prosecuted under this statute.
Posted on 2/17/24 at 1:24 pm to Bass Tiger
Posted on 2/17/24 at 1:50 pm to DavidTheGnome
quote:
Haven't been following it all but if he did misrepresent his assets that's fraud and it doesn't matter if they were paid in full. They took on more risk than they were aware of.
The only misrepresentation was this politically motivated judge thinking he knew anything about property valuations
This was a political hit job from start to finish & anyone making excuses for it is an American hating Communist
3k sq ft condos asking $10m and this judge thinks that Mar a Lago is only worth $18m GTFOH
This post was edited on 2/17/24 at 1:56 pm
Posted on 2/17/24 at 1:55 pm to bayouboo
quote:
The prosecution argued that the law used doesn’t require a victim.
how can you commit fraud without a victim?
you have to defraud someone to have committed fraud.
if you haven't defrauded somebody, then you haven't committed fraud.
I'm mean this like saying nobody had to die for you to have committed murder.
Posted on 2/17/24 at 2:02 pm to ronricks
quote:
Trump has filed for bankruptcy many times in the past.
No he has not.
Posted on 2/17/24 at 2:25 pm to jrobic4
quote:
NOPE. Trump-owned LLCs have gone bankrupt-if the bank did not require a PERSONAL guarantee, then he's not on the hook
The banks are not getting any of the money. They didnt sue Trump and not one cent was lost to any bank or any entity.
It is illegal for Banks to lend money based on customer valuations. Bank must perform on valuations and appraisals. This is all bullshite.
Posted on 2/17/24 at 2:26 pm to Nutriaitch
That will probably be Trump’s defense in the appeal that there wasn’t a victim. The prosecution will continue to argue that the law used doesn’t require a victim in addition to arguing the bank officers were victims and the citizens of NY were victims.
Trump will have to bond about $450M to get there though.
Trump will have to bond about $450M to get there though.
Posted on 2/17/24 at 2:40 pm to Cheese Grits
quote:
I think he has 6 to 8 corporate ones that stuck but no personal yet.
That doesn’t make it any better. I’d be embarrassed to file once let alone 6 to 8 times
Posted on 2/17/24 at 3:32 pm to ronricks
quote:
I’d be embarrassed
quote:
ronricks
If your TDS posts have not embarrassed you enough to stop posting then I highly doubt you would ever be embarrassed
Posted on 2/17/24 at 4:44 pm to Bass Tiger
I think the banks got paid. Also don't think the banks see one dollar of this.It's a money grab by the frickin state. I think they get the money and not any particular bank. GThe problem is that Trump would have to place the money in escrow for 365+ million while the case is under appeal and absent any stays he nor his sons can have any involvement in running things....if the Trump Organization is allowed to operate at all in NY State.
Posted on 2/17/24 at 6:18 pm to bayouboo
quote:
The prosecution argued that the law used doesn’t require a victim.
What I dont understand is how the prosecution gets by the arguement that in the free enterprise system a business can negotiate terms of loans and there is no rule for valuing. Large businesses leverage their deals for loans based on their history of success. Nothing wrong with that.
Posted on 2/17/24 at 6:21 pm to GetmorewithLes
You don’t understand it because it’s not capable of rational reasoning and understanding. So you’re on the right side of the thing as you are.
Posted on 2/17/24 at 6:33 pm to GetmorewithLes
The case was about inaccurate financial documents used to secure the loans, not the bank’s valuation. The most reported inaccuracy was the value of his penthouse and the difference in square footage on different documents.
Posted on 2/17/24 at 6:41 pm to TerryDawg03
quote:
People don’t understand the precedent this case could set.
This case is a beta test for the dismantling of capitalism.
Posted on 2/17/24 at 6:47 pm to 62Tigerfan
quote:America once invaded countries for doing stuff like this.
This case is a beta test for the dismantling of capitalism.
This post was edited on 2/17/24 at 6:48 pm
Posted on 2/17/24 at 7:56 pm to ronricks
quote:
Trump has filed for bankruptcy many times in the past.
1%...
The other 99% did just fricking fine.
Posted on 2/17/24 at 7:59 pm to GetmorewithLes
You would think so and I don't think that the federal statutes have anything to say on the matter. But NY law is vastly different as it applies to things like this apparently. The state feeling like it should protect against fraud does not necessarily require a non state complaintant. It can be ostensibly enforcing the common good. It's a money grab, of course and it has seldom if ever been used.
Posted on 2/17/24 at 8:16 pm to bayouboo
OK, but it is common practice especially among developers. They do this rather commonly. The judge is deciding what the values are in this case. It's a money grab and legal shakedown. Careful on your assessments, you would not want us getting overly interested in valuations says the state.
Looking at the temperament of the judge and the fact that it was a bench trial, I would have either arranged for my client to file bankruptcy in advance of the trial if I could not get a reasonable settlement which in this case I would have gone at 175 million cash transaction.
But knowing what I've learned about James, it was always going to be at least this amount on a settlement proffer. Drain him so he cannot mount a defense or adequately fund his
Looking at the temperament of the judge and the fact that it was a bench trial, I would have either arranged for my client to file bankruptcy in advance of the trial if I could not get a reasonable settlement which in this case I would have gone at 175 million cash transaction.
But knowing what I've learned about James, it was always going to be at least this amount on a settlement proffer. Drain him so he cannot mount a defense or adequately fund his
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