Trump Committed Fraud By Inflating His Assets, Judge Rules

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So...I'm thinking if Trump inflated his assets then the NTC owes him back taxes.

originally posted by: matafuchs
a reply to: Threadbarer

No. The bank did their jobs. That is what banks do. This line....

The prosecution in this case isn't out to prove that Trump Org was successfully committing fraud. Only that they had a persistent history of tying to defraud banks and investors.

says it all. So, you did not do anything wrong we can prove but we do not like your business practices. Do you really think that is OK? Take Trump out of it.

They did not say the numbers were bad. They verified them.

This line from the judge from yesterday.....

but Engoron said "the mere fact that the lenders were happy doesn't mean the statute wasn't violated."

Link

The ONLY person that can agree to the loan is the lender but their own review is not enough to provide their own loan?????

This is f'n insane.....

Executives/Owners of other companies who did the same as Trump should take out a full-page Ad, and make formal filing, demanding that Letitia James either treat them the same, or cancel the case against Donald Trump!

Where are the Executives/Owners with BALLS in New York?

Remember Barbara Jones, the former judge that is currently acting as a court appointed monitor for the Trump Org's assets that Trump Org tried to get added to their witness list last week? She just reported finding $40 million of unauthorized cash transfers. Trump Org will now be subjected to enhanced monitoring.

originally posted by: Threadbarer
Remember Barbara Jones, the former judge that is currently acting as a court appointed monitor for the Trump Org's assets that Trump Org tried to get added to their witness list last week? She just reported finding $40 million of unauthorized cash transfers. Trump Org will now be subjected to enhanced monitoring.

So that would be the nose fully inserted up his backside? Good. Trump doesn't have the right to make deals. He's a criminal, found guilty for ........wait, what criminal matters has been found guilty of?

a reply to: network dude

Trump Org has been founded liable of violating Executive Law 63 (12). Did you miss that fact?

originally posted by: Threadbarer
a reply to: network dude

Trump Org has been founded liable of violating Executive Law 63 (12). Did you miss that fact?

New York Executive Law § 63(12), sometimes called simply "63 12",[2] is a New York law that gives the Attorney General of New York broad powers[3] to investigate and prosecute cases of civil fraud.[2][4] Due to its broad definitions,[5] section 63(12) provides the AG with far-reaching powers to issue subpoenas, as well as low legal hurdles to do so.[6] The law was passed in 1956, while Jacob Javits was attorney general.[7][1] It was invoked in the New York civil investigation of The Trump Organization.

www.abovetopsecret.com...

What crime was Trump convicted of?

a reply to: Lazy88

It's a civil trial. He was found liable of violating a civil law and is being punished in accordance with that law.

a reply to: Threadbarer

Then why would you post “Trump Org has been founded liable of violating Executive Law 63 (12). Did you miss that fact?”

After someone posted “Trump doesn't have the right to make deals. He's a criminal, found guilty for ........wait, what criminal matters has been found guilty of?”

originally posted by: Threadbarer
a reply to: network dude

Trump Org has been founded liable of violating Executive Law 63 (12). Did you miss that fact?

If it takes actual evidence and warrants, how is Executive Law 63 (12) needed or constitutional?

link

A Deutsche Bank AG executive told a court in New York on Tuesday that it is not unusual for loan clients to overstate their net worth, and that the bank does its own due diligence in determining eligibility for loans. Another executive testified that the bank had benefited from its business relationship with Trump and had wanted to continue that relationship — all of which runs against Attorney General Letitia James’s civil fraud case against Trump: there was no one harmed by alleged overestimates of his worth.

“As part of our due diligence, we subject a client’s asset value to adjustments,” Williams said. “It’s part of our underwriting process we apply it to every client regardless of what’s reported.”

So, even the BANK has said nothing illegal was done. Amazing and they are stating exactly what most of us here have said.

This entire process is a sham....

a reply to: matafuchs

I read that today, what a crock of crap.
Nobody was damaged, everyone made money, just typical business as usual.
By the time this thing gets bounced on appeal that crooked judge will be retired and his court minion will be elevated to some high position within the dem state party.
Let’s get it done and over with already.

a reply to: Threadbarer

How many other times has this law been used in this fashion? Zero.
Has it been used before, yes, but not like this. You know this. They know this. We all know this.

In the end...no one cares to be very honest. It is all about trying to make a candidate for the opposing side look bad and an attempt to bankrupt.

This is all about keeping a negative narrative. For #s and grins I loaded the MSNBC website.

Trumps name in headline - 9 times
Bidens name in headline - 1 time and it is actually an article about the new speaker.

That is all this is about. Our country is a dumpster fire so let's just keep attacking Donald Trump. Sad....

News Media is losing money due to so much coverage of Trump Trump Trump.

It's going to be glorious watching the next Outlet go down the drain, like CNN is doing presently.

The Washington Post is laying off 750 employees. Merry Christmas!

originally posted by: WeMustCare
News Media is losing money due to so much coverage of Trump Trump Trump.

I'm enjoying the legal process. I'm finding it fascinating.

This is going to drag on for years -- with appeals, etc.

It will probably out live Trump.

As far as how it affects New Media -- depends on who you read.