Trump Committed Fraud By Inflating His Assets, Judge Rules

a reply to: PurpleFox

Once again it was a summary judgment. The prosecution presented such overwhelming evidence that the judge felt comfortable making a ruling. Also, there was never going to be a jury. When Trump's lawyers filed their paperwork for the case they requested a bench trial.

originally posted by: Threadbare
However, that may be the least of Trump's worries. If the companies are dissolved, he'll be responsible for paying off their outstanding debts.

Are people just becoming dumber? The entire point of making a company is to shield you against liabilities. How would trump be liable for paying off corporate debt?

You are trying to imply that trump personally appraised the value of his own assets and then also filed his own accounting and SEC documents?

If you actually take a moment to understand the nature of the trial, it is nonsense. The entire case is attempting to claim a price on unique property. The damage this suit can do will be outstanding to large capital investors in real-estate.

I wonder, does this AG's suit even attempt to explain why the buy'er did not get their own assessment of the property? How is it fraud if the buyer pays what the seller is asking?

In order for there to be fraud there has to be someone who was the victim of said fraud. If I file my private company's financial statements and lie and say I made 100x as much as I did, and then pay the taxes on that "LIE", is that fraud even though I was the victim?

In this case, for 'the people' vs trump, the people could only have been subject to fraud if they were on the hook for the properties somehow. Trump Tower is owned by 'GMAC Commercial Mortgage', why are they not suing trump?

originally posted by: spacedoubt

originally posted by: marg6043
a reply to: spacedoubt

Nope the love the senile puppet in the white house, you know lots of funds been funneled by them, to prop biden in the white house.

I don’t think Trump is allowed in the whitehouse right now.

Did you know he tbrought he beat Obama in 2016.
Wait, that’s what he thought last week..
Did you know that he thought he beat George Bush in 2016. That was this week.

Did you know he hates veterans?

So, at ATS these days, posts like this are A-OK, but making a little fun of them is grounds for deletions, warnings, and bannings.
Gotta love it.
The creeping retardation grows.
We must need the bodies so badly.

a reply to: AlexandrosTheGreat

...it looks beyond desperate and pathetic that you’d aciually believe there is any honest move out there at all…

"it is difficult to get a man to understand something, when his salary depends on his not understanding it." - Upton Sinclair.

originally posted by: stevieray

originally posted by: Threadbare
a reply to: Gothmog

It has been decided. In the judge's summary judgment it was ruled that Trump Organization's business certificates are to be cancelled and the companies dissolved.

Wow, a communist judge decreed that a politician he hates, should be cancelled dissolved and kicked out of NY.
Definitely something you should be celebrating.
No way it’s inappropriate in our legal or constitutional systems.

Where did you see that this judge is communist?
I hadn’t heard that. This has been going on a long time, I’d think this would have been brought to the forefront.

originally posted by: stevieray

originally posted by: spacedoubt

originally posted by: marg6043
a reply to: spacedoubt

Nope the love the senile puppet in the white house, you know lots of funds been funneled by them, to prop biden in the white house.

I don’t think Trump is allowed in the whitehouse right now.

Did you know he tbrought he beat Obama in 2016.
Wait, that’s what he thought last week..
Did you know that he thought he beat George Bush in 2016. That was this week.

Did you know he hates veterans?

So, at ATS these days, posts like this are A-OK, but making a little fun of them is grounds for deletions, warnings, and bannings.
Gotta love it.
The creeping retardation grows.
We must need the bodies so badly.

If your feelings are damaged, make a complaint.
I cannot moderate when I participate, in a thread

Based on the support for certain posts, I think we are starting to see the start of a watershed moment on these forums.

While people are celebrating the attempts to bring Trump down they're missing the bigger picture here, IMO. They keep expanding the net to take him down and sooner or later hope something sticks.

Doesn't anybody recognize abuse of power anymore? Targeted cancelling of any opponent.

Think you'll be safe because you're a 'little person'? Cross the wrong line, challenge corrupt government actions in any way and the 'little' guy won't stand a chance of exonerating themself.

Everything that starts at the top eventually trickles down to the bottom.

Trump has an offensive way of expressing himself. He's too old to be POTUS, IMO. Truth be told, at the present time he's the only option America has to return to prosperity.

Career, corrupt politicians are 100% responsible for the state our county is in, and electing another establishment sweet talker isn't going to improve our chances-or make things better.

originally posted by: nugget1
While people are celebrating the attempts to bring Trump down they're missing the bigger picture here, IMO. They keep expanding the net to take him down and sooner or later hope something sticks.

Doesn't anybody recognize abuse of power anymore? Targeted cancelling of any opponent.

Think you'll be safe because you're a 'little person'? Cross the wrong line, challenge corrupt government actions in any way and the 'little' guy won't stand a chance of exonerating themself.

Everything that starts at the top eventually trickles down to the bottom.

Trump has an offensive way of expressing himself. He's too old to be POTUS, IMO. Truth be told, at the present time he's the only option America has to return to prosperity.

Career, corrupt politicians are 100% responsible for the state our county is in, and electing another establishment sweet talker isn't going to improve our chances-or make things better.

People recognize abuse of power.
That’s why he is on trial and indicted.

a reply to: nugget1



Regular Joe’s go to prison all the time for committing fraud. If it can happen to a regular person it definitely should happen to a powerful person.

Don’t you agree?

a reply to: Threadbare
So he lied so that he could pay more in taxes? Make it make sense.

And now does that mean we can do the same to say politicians? How are they so wealthy from public service?

originally posted by: PurpleFox
a reply to: Threadbare
So he lied so that he could pay more in taxes? Make it make sense.

And now does that mean we can do the same to say politicians? How are they so wealthy from public service?

I recall (don't quote me on it) that Trump needed to lie about the value so he could borrow lots of money and paying tax was secondary or let's say I am sure he had a way out of paying it.

originally posted by: FyreByrd
a reply to: Threadbare

Another source to add:

A U.S. federal judge on Tuesday ruled that former President Donald Trump—the twice-impeached GOP presidential front-runner facing 91 federal and state criminal charges in four separate cases—committed fraud over a period of years while building his real estate businesses.

www.commondreams.org...

No one is above the Law.

Except the bidens….

This is crazy... it seems according to the court filings that he was found to have overvalued Mar-a-Lago by 2300% in his bank filings!

Inflated its value by 23 times. What a douche. And he doesn't even outright own these properties, he owes hundreds of millions to the banks on various investments, hotels, golf resorts.

That would be like you or I putting down, let's say $200,000 on a $500,000 duplex. Then you or I go to another bank and say that we want to build a motel worth $5,000,000, and as collateral we're going to use our duplex worth 23 times more at $11,500,000.

Then after that we go to another bank and inflate both the value of the duplex and the motel to get funding for a hotel, worth many millions. All on a $200k down-payment on the duplex.

This is basically what he did, just on a much wealthier scale, duping banks you or I could never get to. Always using the previous schemes to fund the next ones.

originally posted by: Mahogany
This is crazy... it seems according to the court filings that he was found to have overvalued Mar-a-Lago by 2300% in his bank filings!

Inflated its value by 23 times. What a douche. And he doesn't even outright own these properties, he owes hundreds of millions to the banks on various investments, hotels, golf resorts.

That would be like you or I putting down, let's say $200,000 on a $500,000 duplex. Then you or I go to another bank and say that we want to build a motel worth $5,000,000, and as collateral we're going to use our duplex worth 23 times more at $11,500,000.

Then after that we go to another bank and inflate both the value of the duplex and the motel to get funding for a hotel, worth many millions. All on a $200k down-payment on the duplex.

This is basically what he did, just on a much wealthier scale, duping banks you or I could never get to. Always using the previous schemes to fund the next ones.

Yes, that is how it's done...some call it cash flow.

It's funny how on the same day we learned Joe Biden was wired $260,000 from China... the MSN reports that Trump is being investigated for minor business dealings.

Meanwhile, Biden and his son are literally getting paid off by foreign countries. 🤔

A person can value anything they have for any price. It is the bank, who would provide the loan, who would need to do their due diligence to make sure it is worth what the person says.

You cannot commit fraud if you qualify for a loan that a bank approves.

Have none of you ever bought a home? When it goes to close if you move 30 bucks from one account to another it could stall the process. We are talking billions of dollars....banks do not just give money away.

They want Trump out of NY. They think this is embarrassing and will cause him to just stop running for president.

This is just pathetic to be very honest. With all that is going on in the world, our own country, this is the last thing anyone should be worried about.

originally posted by: spacedoubt
a reply to: asabuvsobelow

It’s already decided, cancel certificates for pertinent LLCs.
Dissolve the business structure. It’s a big win!!

Chickens are roosting.

No your counting your Chickens before they hatch mate .

You are so desperate to get Orange Man on something that your side is tripping over there own feet again and they don't see it . It's sad really the only place this is a win is in your head , and I simply don't understand why you're so desperate for the USA to turn into some Euro Trash Socialist # hole I'll never understand it .

I've never seen you post on a topic so many times which means you are legitimately excited and seriously think you've finally got the Orange man.

We shall see.

originally posted by: Mahogany
This is crazy... it seems according to the court filings that he was found to have overvalued Mar-a-Lago by 2300% in his bank filings!

Inflated its value by 23 times. What a douche. And he doesn't even outright own these properties, he owes hundreds of millions to the banks on various investments, hotels, golf resorts.

That would be like you or I putting down, let's say $200,000 on a $500,000 duplex. Then you or I go to another bank and say that we want to build a motel worth $5,000,000, and as collateral we're going to use our duplex worth 23 times more at $11,500,000.

Then after that we go to another bank and inflate both the value of the duplex and the motel to get funding for a hotel, worth many millions. All on a $200k down-payment on the duplex.

This is basically what he did, just on a much wealthier scale, duping banks you or I could never get to. Always using the previous schemes to fund the next ones.

Lol

Yeah, I think they’d give a little “puffery “ a pass. You know 10 percent, maybe 15 percent.
2300 percent is, errr blatant fraud.
This is flat out fraud. Illegal.
I feel like he may have applied, wiped, reapplied, wiped, re-reapplied his orange bronzer since this revelation.
Tomorrow he avoids questions at the debate, and hangs out at a non-union auto plant.

a reply to: Mahogany

This is basically what he did, just on a much wealthier scale, duping banks you or I could never get to. Always using the previous schemes to fund the next ones.

There you go again lying to yourself .

Yeah Ol Trumpy is just running from Bank to Bank duping them for billions of dollars. These Banks are absolutely 100% aware of exactly how much Trump is and was worth at the time of the loans .

You think Banks like that , That can Gather that kind of Capital are that stupid . Think about it mate the number of Banks that can even gather that kind of Capital you can count on one hand , They know more about Trumps Finances than he does .

Cognitive dissonance is real and you swim in it.