The absurdity of the fraud case against Trump

a reply to: network dude

This whole thing is odd to me.

My wife is in financing and people will lie and cheat all day long to get their loans. It's on her if she doesn't do the footwork to access the paperwork.

The only way I can see an issue is if they were withholding information but overvalued property is normal.

a reply to: Quadrivium

They sentenced a guy to prison for more than 10 years for posting a meme.

They sent a guy to prison for 22 years for Jan 6th who wasn't even in DC.

While pedophiles get maybe 6 months.

The justice system is broken.

MAL cost an estimated 7-8 million in the 20's when built. Who would believe in 100 years it has only doubled in value?

Whats next? Arresting every man who adds two inches to his height and his rooster? Those are lies too and about as important as the evidence in this case.

originally posted by: watchitburn
a reply to: Quadrivium

They sentenced a guy to prison for more than 10 years for posting a meme.

They sent a guy to prison for 22 years for Jan 6th who wasn't even in DC.

While pedophiles get maybe 6 months.

The justice system is broken.

I absolutely agree it is broken.
The difference with Trump, compared to the other cases you mention, is he has money and notoriety.
They can't sweep him under the rug like they could you and I, and this actually says a lot about how broken the system is.
They will attempt to kill him before they jail him and make it seem an accident.

Are there any protests going on in America for all these things the democrats, the FBI and media have been doing to Donald Trump since he came down that escalator?
The whole world can see this is a joke.

a reply to: Waterglass

It was the Palm Beach assessor that valued the property at that amount. In fact, in 2020, when it was assessed at being worth $26 million Trump argued it was worth less.

If Trump wants to start paying taxes on it as if it were worth $1.8 billion I don't think Palm Beach will have any issue.

a reply to: Quadrivium

How are these civil proceedings meant to jail Trump?

a reply to: matafuchs

When Trump bought it in 1985 he paid $10 million, which included $3 million for the furniture.

a reply to: chiefsmom

Unfortunately New York's justice system is even more corrupt than the federal government's. The federal court system at least tries to pretend it is impartial. New York's doesn't even pretend. It is openly designed to advance Democrat causes. That's what it's there for, and they don't try to hide that.

A big Democrat cause these days is taking down Trump. As such, the NY court system is there to advance that cause, not administer justice.

All Trump could have done is to give an estimate, he's not in the business of appraising property, that's on the bank, for good reason, they need to protect their investment.

a reply to: network dude

If that is wrong, please explain why.

Perhaps this.

Financial statement fraud can take multiple forms, including:

Overstating revenues by recording future expected sales
Inflating an asset's net worth by knowingly failing to apply an appropriate depreciation schedule
Hiding obligations and/or liabilities from a company's balance sheet
Incorrectly disclosing related-party transactions and structured finance deals

The Sarbanes-Oxley Act of 2002
The Sarbanes-Oxley Act of 2002 is a federal law that expands reporting requirements for all U.S. public company boards, management, and public accounting firms. The Act, often abbreviated as Sarbanes–Oxley or SOX, was established by Congress to ensure that companies report their financials honestly and to protect investors.
www.investopedia.com...#:~:text=Financial%20statement%20fraud%20can%20take,from%2 0a%20company's%20balance%20sheet

originally posted by: PurpleFox

originally posted by: RazorV66
a reply to: network dude

Nice try ND but these fools will never understand what’s going in here.

They understand. They know exactly what they’re doing. And it’s disgusting.

Correct.

Polling shows most Democrats even acknowledge the prosecutions against Trump are political in nature. Polling also shows most of them want them to go forward, despite knowing it's just politics.

Translation: Democrats are accepting of tactics used by dictators, as long as it's committed by their side.

a reply to: Bluntone22

Always wondered why they never looked into his ties to certain folks during the construction boom. I am sure they would have gotten a conviction then....

originally posted by: watchitburn
a reply to: Quadrivium

I think you're mistaken. These aren't classic liberals, these are hard corps communists.

This is a serious obstacle in trying to explain the problems with this case to Trump haters. Being communists, by default they don't understand things like personal accountability, finance, or economics. If they did, they wouldn't be communists. So explaining simple financial concepts to them to show why this case is absurd just isn't going to work. It's beyond their understanding.

More generally, it's an important distinction to keep making though that the modern Democrat party is not liberal. Liberals believe in personal freedom, justice, capitalism, and the Constitution. Modern Democrats hate all of that.

a reply to: Threadbare

Got a great deal...what's your point?

a reply to: matafuchs

My house is worth almost 10 times as much as I paid in 8os, and its just a lousy 1800 sq ft tract home.

originally posted by: CoyoteAngels
a reply to: matafuchs

My house is worth almost 10 times as much as I paid in 8os, and its just a lousy 1800 sq ft tract home.

I thought pictures would help but there are some big numbers there too. This is still gonna be over the heads of many.

If I'm not mistaken, it grows even faster for commercial real estate. And it obviously varies by location. Some places it may be less than this rate, some places it may be much more.

originally posted by: Threadbare
a reply to: Quadrivium

How are these civil proceedings meant to jail Trump?

Again with the reading Comprehension....
Where did I say "these Civil proceedings are meant to jail Trump"?

originally posted by: Quadrivium

originally posted by: nugget1
a reply to: CanadianLoudMouth

I don't disagree that it would be on the loan agency/bank to do their due diligence, but regardless of that it's still fraud to lie about the value of your holdings in legal documents.

So, it's a lie if an owner believes his property is valued at X and others see it valued at Y?

I personally see my property at quite a bit higher than the taxed value. It's worth whatever I believe it to be, and up to others to determine whether they would want to pay what I value it as. Same with requesting a loan; they can either accept my evaluation or come up with a counter proposal.

Have you ever taken a loan??
They don't just "accept my evaluation or come up with a counter proposal"....
What an absurd notion.
They do their due diligence because they are out to MAKE a profit. That is why you have appraisals and insurance value.
Your personal evaluation means little to nothing. They will loan you what THEY think it is worth and you have to come up with the excess.

So then, there's no possible way Trump could have overestimated the value of his property and as per usual they're just wasting a few million more of tax payers money. Gottcha!

a reply to: matafuchs

The reason it hasn't appreciated in value is because it's zoned as a club and is on the National Historical Registry. Meaning it can't be used as a personal residence and any changes you'd want to make to the property requires going through miles of red tape.

The only reason Trump is able to use the club as a residence is because it's technically owned by Mar-A-Lago Club, LLC of which Trump is listed as an employee. Palm Beach statutes allow bona fide club employees to reside at the club at which they work.