Trump Committed Fraud By Inflating His Assets, Judge Rules

a reply to: MetalThunder

thanks for the added context.

originally posted by: knoxie


But, at the very least can we admit he’s not the business genius he claims to be? Lolololol

just show your net worth being above his, and you have a point. If you can't, then you don't.

originally posted by: PurpleFox
What y’all don’t seem to understand is that every single time you target this man with bull#, he gains more support from the American People.

I say keep it up!

Oh, I say “keep it up” too.

Facts/Truth have a way of rising to the top.

a reply to: Annee

Is that why the polls are showing Trump to be rising to the top?

originally posted by: Annee

originally posted by: PurpleFox
What y’all don’t seem to understand is that every single time you target this man with bull#, he gains more support from the American People.

I say keep it up!

Oh, I say “keep it up” too.

Facts/Truth have a way of rising to the top.

Most turds float too.

Facts and truths are meaningless to you guys.
If facts actually held some weight with you guys, you wouldn’t push half the sh!t you do.

My property has gone up and down by hundreds of thousands over the years.
Twice.

From 200k to over 600k then back to 200k. Last week I saw a house in my neighborhood sold for 750k! These aren't mansions. They are 50s tract homes, most of them remodeled, but hardly worth this money anywhere but a mile from a beach in So. Ca.

I cant even guess what my property is worth. If I had to take a loan TODAY, I'd list it at 650-700k. Would I be overvaluing it? YES It is not, historically, going to hold that value.

What would I declare it as for tax purposes? Closer to 200-300k,. That is a better average. But we have Prop 13 in ca, so I pay taxes on about 150k. What it was worth when purchased after a remodel.

If a politician or a DA or a judge hated me, they might find a problem with anything I listed. It's one of those 'mushy' answers.

originally posted by: SRPrime

originally posted by: Threadbare
a reply to: asabuvsobelow

This case predates any of the criminal cases. And the fact that he's losing his companies for committing widespread fraud seems like something is sticking.

You need to understand this is a civil suit; not a criminal one.

If he really committed fraud, it'd be a criminal case. Do you know why people bring civil cases to court? Because civil cases DO NOT require empirical evidence; they also accept hear-say testimony.

Civil court is not evidence based; it's feelings based. Well we "feel" you committed fraud; so we're gonna levy a judgement against you.

Well if I really committed fraud; I'd be tried in criminal court, but hey -- y'all can't prove I committed fraud, so here we are.

In civil cases, the plaintiff has the burden of proving their case by a preponderance of the evidence, which means the plaintiff merely needs to show that the fact in dispute is more likely than not.

A preponderance of evidence is just an acumulation of people saying the same thing. "Merely has to show... it's likely."

Do you understand the evidence standard of civil court? You can gas light and win civil cases. This is why criminal charges do not exist; because criminal cases can't be gaslit; proof it's likely doesn't cut it; you need to prove it happened beyond a shadow of a doubt to get a criminal conviction. They can't do that; that's why they are in civil court. They are trying to take his money to remove his ability to defend himself.

How do you prove I overstated my assets value? Value is subjective; I could have properties appraised by two appraisers and get two different valuations.

A smart business decision would be to use the higher apraisal. I guess that's "fraud" to NY. I don't have to believe an appraisal is correct. They often aren't.

You can be charged with something criminal; be aquitted because of a lack of evidence, and you'll lose the civil case, because you were tried criminally -- despite the fact that you were acquitted. They say it's "Likely, we just couldn't prove it -- summary judgement."

Nobody should be able to be found guilty of anything without evidence, people are liars. If you can't prove I'm guilty, then you're likely just gas lighting; no judgements should be levied based on pitchfork mobs... That's disingenuous at best, and can be weaponized at worst.

In this case; it's weaponized.

Did this civil case against Trump not bring forth real factual evidence?

Seems to me it has.

Now what?

a reply to: Annee

All they need in this case is a measuring tape to obtain objective evidence re: square footage.

The judge ruled that Mar-A-Lago is worth equal or less than the neighboring homes. Those homes sit on less than an acre, most of them considerably less. Mar-A-Lago is 20 acres of prime real estate right in the middle. Anyone can see how retarded this is.

twitter.com...

originally posted by: network dude

originally posted by: knoxie


But, at the very least can we admit he’s not the business genius he claims to be? Lolololol

just show your net worth being above his, and you have a point. If you can't, then you don't.

Explaining how inheriting over $200 million and losing it is genius worthy business skills? I’ll wait.

I ran my own business and didn’t go bankrupt or have to lie, cheat, and steal. I probably am a better business person than the idiot.

200 million, Jesus h Christ…

But definitely, nominate him again, please.

a reply to: CoyoteAngels

Here's the thing, in 2020 Trump argued that Palm Beach overvalued MAL at $26 million. Yet in his financial statements to banks he's valued it as being worth 100s of millions. Just this week he's claimed it's worth $1.8 billion.

So how can it be worth less than $26 million for tax purposes but over $1 billion for loan purposes?

originally posted by: quintessentone
a reply to: Annee

All they need in this case is a measuring tape to obtain objective evidence re: square footage.

Good one.

I’m straight forward, logical, and try to skip all the BS.

Numbers don’t lie.

a reply to: underpass61

The judge didn't make any kind of ruling about MAL's value. The judge cited the Palm Beach assessor's valuation of the property.

You also can't compare MAL to other residences. It is zoned as a club, not a residence, as a result the property has limited use.

a reply to: Threadbare

Not saying he is right in what he said or did, but it's the same way my house is valued at 300k for loan purposes but only valued at 35k for tax purposes.

His numbers still don't add up but the principle is there.

This all came about because of a porn star.

😂

a reply to: Threadbare

Same as my house! I detailed it in my example. Real Estate goes up and down. Trumps is just a greater magnitude.

I imagine, with all the security upgrades and the Historical significance, MAL is worth far more than it was prior to Trumps presidency. But the same could be argued to say it's devalued.

A property is worth what someone will pay for it. Until its sold, it's just a guess.

originally posted by: Annee

originally posted by: quintessentone
a reply to: Annee

All they need in this case is a measuring tape to obtain objective evidence re: square footage.

Good one.

I’m straight forward, logical, and try to skip all the BS.

Numbers don’t lie.

Maybe Trump and his sons did the measuring but became confused with the maths required to find the square footage?

a reply to: Threadbare

Actually, zoned as a 'club' gives it even MORE use. Are you sure your comment is what you meant?

a reply to: quintessentone

Oh if only it were that simple, square footage. I can see you don't own property in any kind of hot market.

ROFLMAO