NY Attorney General says she will seize Trump's assets

a reply to: strongfp

A person can say anything is worth anything. That is not fraud.Especially in this case. It is the responsibility of the bank to verify the information provided.

Trump is a brand. Always has been. His name can be used on just about anything. Since he charges 400 bucks for shoes that cost 3 dollars to make....is that fraud?

basing its valuation on the sale of a single nearby building described in the press as setting a new world record. Doing so generated a value in 2015 that was more than $170 million higher than the previous year’s value, nearly $250 million higher than the following year’s value, and $75 million higher than the value derived in any other year using the NOI divided by capitalization rate method.

Bank Testimony

This is called a comp. Ask ANYONE who wants a loan and you look for the most expensive property that is similar and in the same market. The NY AG is calling that fraud. This is part of the breakdown.

Deutsche was also involved with....Hunter and his uncle. Odd nothing became of it huh?

Link

originally posted by: strongfp
a reply to: JinMI

Because it's the bigger picture... how much tax dollars were stolen from the public by the people Weisselberg enriched?

Again, this isn't specifically about Donald Trump, I made that quite clear in my literal, first post in this thread.

New York may very well have hurt their own pocketbook with these shenanigans.

I would never invest in New York now: Kevin O'Leary
O'Leary Ventures Chairman Kevin O'Leary discusses the impact of Trump's fraud ruling on business owners as New York Gov. Kathy Hochul attempts to quell fears.

www.foxbusiness.com...

a reply to: JinMI

a reply to: ColeYounger2

she is opening up a can of worms nobody will
be able to close when..... its republicans turn

a reply to: matafuchs

In the case of Ivanka buying real estate based on options you can't value a property at anything you want.

I gave a full spread you cab go through, it's not as cut and dry as just making up a price and selling it on the market.
It's more complicated than that.

ag.ny.gov...

a reply to: JinMI

For the organization to not get involved in sketchy dealings?

Is that a bad thing to advocate?

a reply to: strongfp

It is. A person can list something for whatever they want. It is the bank who would need to approve a loan based on their own due diligence. This protects the bank.

This is why people can sell an acre of land for millions in midtown Manhattan but 4k in South Carolina.

Ivanka Trump’s Apartment (Penthouse A & Penthouse B) at Trump Park Avenue Ivanka Trump’s rental agreement for a penthouse apartment (Penthouse A) in the Trump Park Avenue building included an option to purchase the unit for $8,500,000. But in the 2011 and 2012 Trump Organization statements, this exact unit was valued at $20,820,000 — approximately two and a half times as much. For the 2013 statement, the unit was valued at $25,000,000 — nearly three times the option price.

Starting in June 2014, Ivanka Trump was given an option to purchase a different, larger unit (Penthouse B) for $14,264,000. That unit was valued at more than three times as much on the 2014 statement — at $45 million on the 2014 statement. In that year, Ivanka Trump’s option to purchase the unit at a steep discount off of the value in the statement was included in a lease in which she was charged a rental payment substantially below the market rent for similar units in the same building. After being repeatedly told by an accountant that it was inappropriate to use the higher value rather than the option price, the Trump Organization used the $14,264,000 value for Penthouse B in the 2015-2020 statements. Despite this correction, this figure was still inaccurate for multiple statements however, because in 2016, an amendment to the lease lowered the purchase price option for Ivanka Trump even lower to $12,264,000.

Again, where is the fraud? They could say it was worth a billion dollars. Then, the bank comes back and says no. Why would DT charge his own daughter market price for rent?

originally posted by: strongfp
a reply to: JinMI

For the organization to not get involved in sketchy dealings?

Is that a bad thing to advocate?

Sketchy dealings these days are fabricated by leftist democrats to attack their opposition, or anyone who challenges their corrupt behavior. It's in the news daily. Inserted within most every news story to discredit anyone against the things being done to all enemies of the left ,corrupt democrats currently holding office and appointed positions, and their behavior shows beyond any doubt that they have no business being in these positions, except to feed your unclean spirit with the slop you crave. And it is quite successful, but beginning to lose ground the more bizarre it becomes.

originally posted by: strongfp
a reply to: matafuchs

In the case of Ivanka buying real estate based on options you can't value a property at anything you want.

I gave a full spread you cab go through, it's not as cut and dry as just making up a price and selling it on the market.
It's more complicated than that.

ag.ny.gov...

the value of anything is exactly what someone else is willing to pay for it. For anyone to argue what the value of something is, other than a bank who's going to loan money based on what THEY believe the value is, is wrong and stupid.

If you lived in the US, you would understand that tax value is NOT what a property is worth, but what the tax assessor values the property at for TAX VALUE.

If you can't grasp the basics, then the hard stuff will end you.

originally posted by: strongfp
a reply to: JinMI

For the organization to not get involved in sketchy dealings?

Is that a bad thing to advocate?

Define sketchy?

Are you not a proponent of freedom of association?


I mean even you seem very confused why the people of new york are the damaged party here.

a reply to: network dude

Do you know what stock options are? It's a contract that you purchase a stock or, I guess in real estate an asset estate for a specific price at a further date down the line.

These, or most, properties weren't being on the "market". They were having evaluations and assements done and then contracts drawn up to purchase around those evaluations.

I know what you're saying, but I don't think you know what you're trying to critique here.

a reply to: NoCorruptionAllowed

Don't break the law? I don't know what you want me to say.

a reply to: JinMI

Like selling property at wierd evaluation prices, or you know their CFO committing tax fraud?

originally posted by: strongfp
a reply to: NoCorruptionAllowed

Don't break the law? I don't know what you want me to say.

Thanks for that shining example of the "Fabrications" I was speaking of.

Don't make sh^t up like Engoron and Letitia, it makes you look even more cheap.

originally posted by: strongfp
a reply to: JinMI

Like selling property at wierd evaluation prices, or you know their CFO committing tax fraud?

Both do not matter.

The summary judgement assumes that the valuations were incorrect. That part according to AEngoron is done.

What makes the valuations "weird" in your estimation?

a reply to: JinMI

Both don't matter? Committing tax fraud and pleading guilty doesn't matter?

As for the properties.

Go look at the link I posted. Twice. It out lines it for you and everyone about the estimations and evaluations. And why they were struck up in court.

It seems everyone here is completely ignoring it.
Or is it too much reading for you all?

a reply to: NoCorruptionAllowed

What's fabricated? The law?

I mean, deep down yea it is. But I guess follow it, or pay the price. Sorry "your guy" is the head of a company that didn't follow the laws

She's bordering on coercion and suppression of due process. She's been commenting like this all through the trial. The more she yaks, the more grounds for reversal on appeal. 😀 Trump is taunting her and the judge too.

originally posted by: strongfp
a reply to: NoCorruptionAllowed

What's fabricated? The law?

I mean, deep down yea it is. But I guess follow it, or pay the price. Sorry "your guy" is the head of a company that didn't follow the laws

Everything inside your mind is fabricated. The lies you keep telling yourself that justifies your current bizarre condition and beliefs.

It's exhilarating to witness, but also somewhat distressing.

a reply to: strongfp

Both don't matter? Committing tax fraud and pleading guilty doesn't matter?

In this case, no. Because it's baked into the summary judgement.

Why can you not grasp this?

It seems everyone here is completely ignoring it.

Because everyone knows it's irrelevant because that part of the case was done....summarily.