New York AG Sues Trump Family for Financial Fraud

Discussion in 'Current Events' started by Egoboy, Sep 21, 2022.

  1. Hey Now

    Hey Now Well-Known Member

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    You post has reduced itself to pure deflection when you are clearly faced with facts and definitions that do not support your political word game and subpar spin. Time to up the quality of the spinning if that's even possible. Here's the clear distinction AGAIN and it indisputable, it's not quibbling, it exposing disingenuous B/S partisan rhetoric:
    Debt Investor vs. Equity Investor: What’s the Difference?
     
    Last edited: Sep 26, 2022
  2. Bluesguy

    Bluesguy Well-Known Member Donor

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    Your post are merely arguing semantics and not substance. Even your site shows they are BOTH investors.
     
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  3. Hey Now

    Hey Now Well-Known Member

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    Yeah, another B/S flailing deflection because subpar partisan spin was destroyed by mere facts. Do better or it just misinformation or worst.
    Debt Investor vs. Equity Investor: What’s the Difference?
     
    Last edited: Sep 26, 2022
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  4. Izzy

    Izzy Well-Known Member

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    [​IMG]
     
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  5. Hey Now

    Hey Now Well-Known Member

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    Touché! :)
     
  6. Izzy

    Izzy Well-Known Member

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    Remember Trump's "disclaimer" that was somehow supposed to make all of his asset valuations legal?
    No so according to James's lawsuit.

    snip:

    3. Explaining the disclaimer"
    A big question in all of this is whether Trump’s allegedly false “Statements of Financial Condition,” containing purportedly inflated figures, might have broken the law and were held up as actual financial statements. The documents came with disclaimers that assured they were not the full picture of his finances.

    But James’s lawsuit says that while that disclaimer could insulate the accountants involved, it doesn’t absolve Trump.

    “While the accountants gave notice in the reports that they did not audit or review the Statements to verify the accuracy or completeness of the information provided by Mr. Trump or the Trump Organization, they confirmed that their clients were responsible for preparing the Statements in accordance with generally accepted accounting principles in the United States,” the suit says.

    It adds that such disclaimers “do not give license to Mr. Trump or the Trump Organization to submit to their accountants fraudulent and misleading asset valuations for inclusion in the Statements.”

    Elsewhere in the lawsuit, the attorney general’s office says the disclaimers were adjusted after McConney was questioned in the investigation in 2020. It says that after McConney was asked about the claim in the disclaimer that the valuations were reached in consultation with “outside professionals,” the language was changed to downplay the role of those “outside professionals.”

    The Trump Organization’s abrupt removal of any specific references to consultation with outside professionals in connection with specific valuations is a tacit admission that such references in prior years were inaccurate and misleading,” the lawsuit says.


    https://archive.ph/R6QEd
     
  7. Bluesguy

    Bluesguy Well-Known Member Donor

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    Yes TWO types of INVESTORS............don't blame me if you don't understand you own cites.
     
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  8. Bluesguy

    Bluesguy Well-Known Member Donor

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    Where is the tort? Who claimed they were defrauded? Who file a lawsuit claiming damages?
     
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  9. dixon76710

    dixon76710 Well-Known Member

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    And then there is the real world where there is no indictment.
     
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  10. Zorro

    Zorro Well-Known Member

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    She's got nothin'. Never has. Banks have their own Real Estate Appraisers and the State has their own Property Assessors. She'd have to be a real idiot to think they would just take Trump's word for it, when he is NOT an Appraiser, nor an Assessor, or, she is confident that her Left wing audience is largely made up of folks dumb enough to buy her idiotic claims.

    Andrew McCarthy Take Leticia To Pieces

    [​IMG]

    'It will never go to trial'.

    "This isn't the Bernie Madoff case. There's no victims here," McCarthy said. "Every prosecutor and prosecutors crawled through Trump's financial records for three years. Federal prosecutors. James' said that she would refer her complaint to the Justice Department' when that agency initially had the case!

    [​IMG]

    "Letitia James does this all the time. She did the same thing with Cuomo. She does this long investigation, she figures out a way to dump the investigation into the public record because she's got her eyes on his job [and] she dumps out a bunch of stuff that she was never able to prove…"

    Nothing more than chum for the clapping seals.
     
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  11. Hey Now

    Hey Now Well-Known Member

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    Debtor vs Investor, not two investors straw man grasp and flail. Juvenile semantic games were left in the sandbox, big boy pants now......this continuous desperate attempt to deflect and gas light to save face is as pathetic as it is disingenuous. Here, educate yourself instead of desperate word games:
    Debt Investor vs. Equity Investor: What’s the Difference?
     
    Last edited: Sep 26, 2022
  12. yardmeat

    yardmeat Well-Known Member

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    Back here in the real world, there is indeed an indictment. Catch up.
     
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  13. Egoboy

    Egoboy Well-Known Member Donor

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    Oh, I agree it likely won't go to trial, but Chump is going to have to make a MUCH better settlement offer to make this particular witch hunt go away.... and it's likely going to have to include the 5 year business suspensions as well...
     
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  14. Zorro

    Zorro Well-Known Member

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    Of course you can misuse the legal process to extort settlements for the price of defense. I trust that Red State AG's are taking note of the Left's new rules. Flag this post so that when the time's right we can revisit your enthusiastic support of this misuse of the legal process.
     
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  15. Izzy

    Izzy Well-Known Member

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    Damages weren't needed by the banks or insurance companies for James's fraud suit against Trump & Co.
     
  16. Egoboy

    Egoboy Well-Known Member Donor

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    Law has been around for DECADES, dude... I posted the historical use of it in NY since the 60's, at least twice against T****.

    If the Red States AG's don't prosecute their fraudsters, it's probably because they're getting a cut.
     
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  17. Izzy

    Izzy Well-Known Member

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    James takes reporter's questions @ 50:00
    @ 58:45 she's asked about the biggest institutions in NY's banking/insurance industries just taking Trump's word/numbers on his asset valuations.
    Trump isn't absolved if bank/insurance didn't (Mazars) certify/audit statements.
    Cushman Wakesfield is being investigated and Deustch Bank is cooperating.

     
    Last edited: Sep 26, 2022
  18. Izzy

    Izzy Well-Known Member

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    In James's presser she mentioned that numerous offers for a settlement by Trump were refused.
    Some "witch hunt", eh? lol
     
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  19. Egoboy

    Egoboy Well-Known Member Donor

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    Much like the time he (reportedly) tried to pay a lawyer with a horse, he's going to have to pony up here....

    Remember though, she wants WAY more than actual money here.... she wants the fraudsters and their sham organization shut down, at least temporarily....
     
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  20. Bluesguy

    Bluesguy Well-Known Member Donor

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    Civil lawsuits for fraud between two parties in a contract or other business agreement require damage to one party. This is a tort she is trying to find. The CRIMINAL fraud, where harm does not have to be claimed by someone or harm, was dealt with by the SDNY and it is dead in the water.

    THAT is what is so curious, no one filed a complaint about it. So why is she sticking her nose into where there was no dispute or claim of harm?
     
  21. Izzy

    Izzy Well-Known Member

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    The civil suit is the People of the State of NY against Trump and Co,
    The Feds and the IRS will decide if criminal charges for fraud are warranted which has zilch to do with SDNY DA Bragg who James said has an ongoing investigation.

    lawsuit

    https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=q0KunqL6AzoiHioXkB85aw==


    "SUPREME COURT OF THE STATE OF NEW YORK COUNTY OF NEW YORK "

    PEOPLE OF THE STATE OF NEW YORK, by LETITIA JAMES, Attorney General of the State of New York,

    Plaintiff, -against

    DONALD J. TRUMP, DONALD TRUMP, JR., ERIC TRUMP, IVANKA TRUMP, ALLEN WEISSELBERG, JEFFREY MCCONNEY, THE DONALD J. TRUMP REVOCABLE TRUST, THE TRUMP ORGANIZATION, INC., TRUMP ORGANIZATION LLC, DJT HOLDINGS LLC, DJT HOLDINGS MANAGING MEMBER, TRUMP ENDEAVOR 12 LLC, 401 NORTH WABASH VENTURE LLC, TRUMP OLD POST OFFICE LLC, 40 WALL STREET LLC, and SEVEN SPRINGS LLC,

    Defendants. Index No. SUMMONS Date Index No. Purchased: _____________ TO THE ABOVE-NAMED DEFENDANTS: You are hereby summoned to answer th
     
  22. Egoboy

    Egoboy Well-Known Member Donor

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    I never really paid much attention to the list of defendants until you posted it here...

    TRUMP ENDEAVOR 12 LLC

    Grifting so fast he didn't have time to come up with a real name for whatever that is......LOL...
     
  23. dixon76710

    dixon76710 Well-Known Member

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    YOUR world is a product of your own delusions. There is no indictment. Isnt it revealing how utterly convinced you are of your own delusions.
     
  24. yardmeat

    yardmeat Well-Known Member

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    Your refusal to keep up with the case is not my responsibility. There is, indeed, an indictment.
     
  25. Egoboy

    Egoboy Well-Known Member Donor

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    Boys... Boys... let's be clear.... there was no indictment from AGNY, only because she wasn't trying for one.

    There was, of course, an indictment against Weisselberg and the Trump Org, trial which I believe starts in October. This from the Manhattan DA.

    I'm a little fuzzy at what the criminal penalties will be when the Trump Org is found guilty, but Weisselberg gets off light, once he testifies against his company.

    SNIP
    In addition to exposing the Trump Organizations to fines, the criminal case could make it more difficult for the business to secure bank loans or strike deals — a hit that comes at a particularly bad time, with the company already reeling from lost business because of the coronavirus and the backlash over the Jan. 6 attack on the Capitol.

    “Companies that are being indicted, whether they are private or public, big or small, face serious collateral consequences,” said Daniel Horwitz, a white-collar defense attorney. “Companies in the financial services industry are reluctant to do business with them. Their access to capital is limited or cut off.”
    ENDSNIP

    BTW, another "witch hunt" where the highest charged witch pleaded guilty.... as usual... LOL
     

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