Trump Committed Fraud By Inflating His Assets, Judge Rules

originally posted by: network dude

originally posted by: quintessentone

originally posted by: network dude

originally posted by: quintessentone

originally posted by: ogur2023
How were "victims" injured by this alleged fraud?

The insurance companies for one. He's done it before...

www.insurancebusinessmag.com...

so this was the insurance companies suing him?

Where did I or the article imply that notion?

It's called 'fraud' and he got away with that one.

you didn't, but if the party who you claim was hurt isn't suing him, then why would someone else? I mean, I do get the Ultra SJW mentality, if you deem something unjust has happened, pull up your Karen pants and ask to speak to the manager.

Fraud is not a victimless crime.

Issue: Insurance fraud occurs when an insurance company, agent, adjuster or consumer commits a deliberate deception in order to obtain an illegitimate gain. It can occur during the process of buying, using, selling, or underwriting insurance. Insurance fraud may fall into different categories from individuals committing fraud against consumers to individuals committing fraud against insurance companies. Fraud not only inflicts extra costs on insurance companies, but it also financially impacts consumers and businesses. The Coalition Against Insurance Fraud indicates that fraud costs businesses and consumers $308.6 billion a year. Additionally, the FBI estimates fraud costs the average family between $400 and $700 a year in premiums.

content.naic.org...

a reply to: Threadbare

Not sure if this has already been posted in this thread. But as I said on the first page, this is commie BS.

The judge ruled that Trump inflated his property values, including Mar-a-Lago, which the judge determined was worth $18-$27 million from 2011 to 2021.

To put this into perspective, neighboring homes on 0.28-0.89 acres are listed for $18-40 million.

Mar-a-Lago, the 20-acre property in the middle, is worth less despite being 20 to 70 times larger.

originally posted by: CoyoteAngels
a reply to: Oldcarpy2

Same here.

So if the insurance company paid, they must have agreed.

What exactly did they agree to?

With what/whose numbers?

It should be noted that MAL cannot be developed, nor turned into a residential estate according to the deed. That significantly reduces its value. A developer cannot purchase it at 350 million and turn it into 20 houses valued at 10 or 20 million a piece.

originally posted by: Annee

originally posted by: CoyoteAngels
a reply to: Oldcarpy2

Same here.

So if the insurance company paid, they must have agreed.

What exactly did they agree to?

With what/whose numbers?

There is something fishy with that whole insurance policy and Trump basically saying the policy was 'perfect' should set off alarm bells.

originally posted by: ogur2023
How were "victims" injured by this alleged fraud?

Definition of fraud here is "obtaining a pecuniary advantage by deception ".

a reply to: Annee

Don't know, don't care. If the insurance company didn't check before they paid, why? Where were the adjusters?

a reply to: quintessentone

Because you do not know what you are talking about and just putting up links about Trump fraud.

if you file a claim, someone comes out and inspects it. Sometimes insurance companies will require a new appraisal. You get the check or it is sent to those who will do the repairs.

The homeowner is not a part of any of that except in instance where you will fight to get more if they low ball you.

It was a simple question....

originally posted by: frogs453
It should be noted that MAL cannot be developed, nor turned into a residential estate according to the deed. That significantly reduces its value. A developer cannot purchase it at 350 million and turn it into 20 houses valued at 10 or 20 million a piece.

That's weird, because Forbes valued it at $300 Million previously...

a reply to: Oldcarpy2

Then sue the inspector and the insurance company. They paid it out.....

None of you have ever filed a homeowners claim and I suspect some of you have never owned a home...this is basic # folks. You are out of your depth here....and it shows.

Victimless crimes....

a reply to: watchitburn

Yeah it was mentioned, but Threadbare said since it's a commercial property and not a private home it has "limited use" so it's not worth much.

LOL

originally posted by: quintessentone

originally posted by: Annee

originally posted by: CoyoteAngels
a reply to: Oldcarpy2

Same here.

So if the insurance company paid, they must have agreed.

What exactly did they agree to?

With what/whose numbers?

There is something fishy with that whole insurance policy and Trump basically saying the policy was 'perfect' should set off alarm bells.

“Tip of the iceberg”

It’s amazing what you can get away with — until you get caught.

I’m interested in “the deck of falling cards”.

It’s amazing what you can get away with — until the system turns on you.


Just ask Bob Menendez

a reply to: matafuchs

You miss my point.

You spoke of victims.

No worries. Trump just ranted among other things the Judge "must be stopped" and something about a disclaimer so that the financial information in the statement "should not be excepted as fact". His grammar error not mine. I'm assuming it should be "accepted".

Truth Social

Rich people have the masses arguing about how rich they in fact are instead of what actually impacts us. Sounds like they are winning.

originally posted by: matafuchs
a reply to: quintessentone

Because you do not know what you are talking about and just putting up links about Trump fraud.

if you file a claim, someone comes out and inspects it. Sometimes insurance companies will require a new appraisal. You get the check or it is sent to those who will do the repairs.

The homeowner is not a part of any of that except in instance where you will fight to get more if they low ball you.

It was a simple question....

I honestly wouldn’t count on that in a case with Trump.

Trump doesn’t exactly follow the rules.

My brother was a building contractor and realtor.

He made a lot of backhanded deals with inspectors.

originally posted by: matafuchs
a reply to: quintessentone

Because you do not know what you are talking about and just putting up links about Trump fraud.

if you file a claim, someone comes out and inspects it. Sometimes insurance companies will require a new appraisal. You get the check or it is sent to those who will do the repairs.

The homeowner is not a part of any of that except in instance where you will fight to get more if they low ball you.

It was a simple question....

It's not a simple question when we don't have answers to why Trump thought the policy was 'perfect' nor if adjusters did adjust damages why they don't jive with actual witness statements.

originally posted by: underpass61
a reply to: watchitburn

Yeah it was mentioned, but Threadbare said since it's a commercial property and not a private home it has "limited use" so it's not worth much.

LOL

In that you can’t develop it.