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Well, take that up with the courts. His CFO muddled up the numbers to gain tax incentives and resale values of some sort meaning other people got dragged into the frey by proxy.
Screwing over banks hurts the people who use those banks too.
originally posted by: strongfp
a reply to: dothedew
How can you get convicted or plead guilty without being charged? He spent time on prison.
originally posted by: strongfp
a reply to: dothedew
The CFO plead guilty, and it was basically a 15 year investigation.
This isn't just about Donald Trump the individual, it's about Trump Organization, the brand.
The law will be used again, like it was used agaisnt other corporate entities or people who seek to screw over the public for pure profits.
originally posted by: Boomer1947
originally posted by: JinMI
a reply to: ColeYounger2
This is fine.
Do you not understand that this will never be used against another political enemy let alone anyone who is not in politics?
From your sentence construction I assume the word "never" doesn't belong there and you mean to imply that this law WILL be used against political enemies and people who are not in politics?
The law in question--New York Executive Law § 63(12)--has been on the books since 1956 and has been used against many people, most of whom are non-politicians. It was used against that other well-known narcissist Martin Shkrelli for example. The law deals with individuals who engage in repeated and persistent fraud.
Don't cook the books for a decade or more and you don't have anything to worry about.
originally posted by: strongfp
a reply to: ColeYounger2
Who cares. Don't break the law?
originally posted by: strongfp
a reply to: JinMI
They purposely used low evaluations to gain better interest rates. They frauded the banks.
Where did the banks defend him?
The bank’s dealings with Trump are a key issue in New York Attorney General Letitia James’ lawsuit, which accuses Trump, his company and some executives of hoodwinking lenders and insurers by presenting them with grossly inflated statements of his asset values.
The defendants deny any wrongdoing. They have sought to show that the bank felt delighted, not deceived, by Trump and courted his business.
originally posted by: strongfp
a reply to: JinMI
They purposely used low evaluations to gain better interest rates. They frauded the banks.
Where did the banks defend him?
“I think we expect clients-provided information to be accurate. At the same time, it’s not an industry standard that these statements be audited. They’re largely reliant on the use of estimates,” Williams said, so bankers routinely “make some adjustments.”
At times, the bank pegged Trump’s wealth at several billion dollars lower than he did, according to documents and testimony. In 2019, for example, Trump’s financial statement listed his net worth at $5.8 billion, which the bank adjusted down to $2.5 billion.
But Williams said such differences weren’t necessarily unusual or alarming.
n - no ur stupid.
originally posted by: strongfp
a reply to: ColeYounger2
Who cares. Don't break the law?
originally posted by: strongfp
a reply to: dothedew
He was the CFO of the Trump organization... and he plead guilty. What more do you want?
Honestly, what more evidence do you want that they were up to no good?
originally posted by: strongfp
a reply to: network dude
n - no ur stupid.
The law used agaisnt the Trump organization doesn't just come out of the blue. The AG needs to be called upon to make better decisions on what charges to bring.