Trump ordered to pay over $350M for business fraud

Discussion in 'Current Events' started by Patricio Da Silva, Feb 16, 2024.

  1. AFM

    AFM Well-Known Member Past Donor

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    When all you have is name calling and personal attacks you have lost the argument.
     
    Last edited: Mar 7, 2024
  2. Nemesis

    Nemesis Well-Known Member

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    Never having tried a case is “name calling”? A “personal attack”?

    It’s the truth. And Trumpers are very delicate.

    He should volunteer for the Trump appeal. Except that he already knows it’s a loser.
     
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  3. AFM

    AFM Well-Known Member Past Donor

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    Dershowitz is a man of true integrity. You aren't the first to disparage Dershowitz due to his true 19th century liberals philosophy. I used to despise him due to his contribution to the defense of OJ.

    Dershowitz, Alan. The Price of Principle: Why Integrity Is Worth the Consequences (pp. 15-16). Hot Books. Kindle Edition.
     
    Last edited: Mar 7, 2024
  4. cd8ed

    cd8ed Well-Known Member Past Donor

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    You think you can get a loan against a commercial property with zero evidence what the property brings in?

    HAHAHAHAHAH

    Jesus, that’s not how it works bud

    Take two seconds and google “how are commercial properties valued”. The most common ways are the Income capitalization method or Cost / square foot. I doubt sales comparisons would have been done as it’s a fairly unique property in the area. They could have also estimated what it would have cost to completely rebuild it but those are rare.

    Would you like to guess what a bank would require to arrive at those numbers for a final valuation? Would ya? (Hint: it’s all those “irrelevant” numbers that you think can be left blank)

    How laughable.
     
    Last edited: Mar 7, 2024
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  5. WillReadmore

    WillReadmore Well-Known Member

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    The LAW is not a popularity contest.

    Trump lost in cases on his sexual assault, his defamation of his victim, and of major league financial wrongdoing designed to benefit himself.

    You can't whine about that. It just doesn't make sense.

    Trump can appeal by posting the various penalties. He might as well, as he'll have to pony up if he doesn't.
     
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  6. hawgsalot

    hawgsalot Well-Known Member

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    lol or just pics from Trump's inauguration, truth is I don't play stupid games, we've all seen both. I won't derail this thread anymore with your nonsense, everyone know's Trump isn't a mob boss, dumb comment by a maxine waters wannabe.
     
  7. LibDave

    LibDave Newly Registered

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    Plenty. The false "financials" are estimates requested and provided by the borrower, Trump? The bank did their own valuations and utilized those, as they do with EVERY loan, to determine whether to grant the loan. No one has EVER been charged with Mortgage Fraud based on their own valuation regardless of how poor the estimates. The only charges and convictions have stemmed from listing collateral which is not owned by the applicant. Furthermore, delving into personal contracts without any complaint ever being filed is highly irregular. The bank never filed a complaint indicating they had been defrauded. The opposite. They testified their valuation was above that submitted in the application, were paid back earlier than anticipated, and were quite happy with the proceeds they subsequently obtained in full. What compelled them to delve into the matter at all? Highly irregular and a fails due process to the point of being nothing more than a witch hunt.
     
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  8. cd8ed

    cd8ed Well-Known Member Past Donor

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    Long winded way of saying you don’t have anything
    We know
     
  9. hawgsalot

    hawgsalot Well-Known Member

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    LOL you don't think there were estimates on property value, and income on a property that Trump was purchasing to completely renovate and update? No one could ever get a loan to update a freaking commercial property if there aren't revenue and value estimates.
    You guys are hilarious. Process is simple yet complex. Trump says I want a loan for x, property cost x, renovations x, I estimate revenue will be x and here's my plan. Bank evaluates and say nope that's to much unsecured, but you can secure with other properties, and they negotiate more. Of course there are estimates by the purchaser and the lender but only the lender's really matter.
     
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  10. AFM

    AFM Well-Known Member Past Donor

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    It depends on what the lender determines as valuation and potential.
     
  11. AFM

    AFM Well-Known Member Past Donor

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    What is happening in New York is a perversion of the rule of law.
     
  12. cd8ed

    cd8ed Well-Known Member Past Donor

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    You need to go back and reply to the poster that said “The entire section could have been left BLANK.”

    If you want to participate in the discussion all I ask is that you at least follow it.

    Let me ask you a question you will ignore

    If a property is currently 50% occupied and bring in 50k per month and a person reports on financial disclosures to a bank that it is 70% occupied and brings in 70k per month — is that fraud?

    Yes or no

    Now so the same thing with square footage. And the same thing with occupying tenants. And the same thing with gross income.
     
  13. hawgsalot

    hawgsalot Well-Known Member

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  14. cd8ed

    cd8ed Well-Known Member Past Donor

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    And if the applicant has lied about many of the metrics that banks use to determine valuation, how do they calculate it?
     
  15. cd8ed

    cd8ed Well-Known Member Past Donor

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  16. hawgsalot

    hawgsalot Well-Known Member

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    No I think I'm good.

    No not fraud, there are algorithms for occupancy that banks use and its way more in depth than what someone writes on a piece of paper lol. Want to know why???? Occupancy rates change daily! DUH. What you going to start calling everyone a fraud because the occupancy rate wasn't the same as the day you filed paperwork? How would you determine that on an upscale reno? Hell one day you can be flush, next day 25% because of a BLM burned the block last night. If I want to rebuild my burnt building, would a bank only give me money on the 25% occupancy rate? Quite being silly.

    Now since you're so big on people answering a question, answer mine posed to you days ago. What is Maralago truly worth give us the real number?
     
  17. WillReadmore

    WillReadmore Well-Known Member

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    Well, you lose on that one.
     
  18. LibDave

    LibDave Newly Registered

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    We have all witnessed what transpired. In each case we witnessed time and again evidence of the most biased courts ever seen in the US. Judge shopping. The Scottsboro Boys had a less biased venue. Which is why Trump's standing with the electorate has increased. The voters see it for what it is, and the tactic has failed. There will be a huge backlash for the lack of integrity on the part of the left, especially in the judiciary. No one gives a DAMN what the FBI, DOJ, DHS, CBP, and certainly not the radical left-wing communist judge in NY claim. They have been exposed for their lack of integrity and left-wing political bias. They're now meaningless in the minds of the average American. Biden will end up losing by and even greater margin as a result. They just don't get it. Their policies just don't work and their tactics are being met with a great deal of ire from everyone but the Left-Wing radicals who have already taken the blue pill. They have failed miserably for all to see. They know they can't win at the ballot box with their policy failures. So they attempt to circumvent the democratic will of the People by going the route of the courts. Reminds me of 3rd world Venezuela.

    BTW you should be thanking those Americans who are finally waking up to the lack of integrity among the left. You may root on such corruption now. But what happens should they succeed in undermining the rule of law. This isn't the first nation in which such attempts have been made. You may think the leadership in the DNC are "your guys" now. Once they succeed you may discover you aren't as much in their favor as you thought. And you will have naively given away your ability to subsequently remove them by the time you finally wake up. This was a repeated sentiment expressed in NAZI Germany after the end of the war. Hitler was "their guy" so they turned a blind eye to the NAZI's unscrupulous tactics until they found themselves unable to refuse commands ordering them to execute women and children. The Germans realized millions were being starved to death in work camps. All but the most fervent NAZI's were appalled by what they saw occurring. Many more who once supported them found they later lost favor with the NAZI's and they too became a target of unspeakable retribution. By then it was too late. Careful, what you wish for. The same injustices can be directed towards you once you give up the ability to alter the course.
     
    Last edited: Mar 7, 2024
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  19. hawgsalot

    hawgsalot Well-Known Member

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    Yawn I never said anything about Biden signs. Brain Dead was the exVP during Trump's inauguration, why would there be Biden signs?
     
  20. AFM

    AFM Well-Known Member Past Donor

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    The loan officers of the bank are financially sophisticated lenders who are experts in valuation, risk, and interest rates. That's how banks stay in business.
     
  21. AFM

    AFM Well-Known Member Past Donor

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    It's not over until it is over. This should go to the Supreme Court if the judgment is not thrown out on appeal at the state level.

    See post # 1820
     
    Last edited: Mar 7, 2024
  22. LibDave

    LibDave Newly Registered

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    Haha! Couldn't take being schooled by a difference of opinion. They censored my speech. Someone must have cried to the principle. lol. Unbelievable!!!! You can't say someone is exhibiting "confirmation bias". Essentially it means their preconceived notions result in their refusing to accept an obvious opposing truth.
     
    Last edited: Mar 7, 2024
  23. WillReadmore

    WillReadmore Well-Known Member

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    Equal treatment under the law is not always popular.

    Poor, poor NAZIS. They used to be so popular.

    This isn't about "the left". Trump broke MANY very serious laws.

    He sexually assaulted a woman.
    He then falsely derided her for years, impacting her very livelihood and safety.
    He grifted our systems of banking, loans, and taxes for personal benefit.

    And more importantly, he worked HARD to subvert our democracy. He IS an insurrectionist. The SC Ruling didn't challenge that finding by the state of Colorado and several others.

    What the HELL are you thinking about - suggesting that someone should support someone who LITERALLY attacked America and the democracy we stand for???
     
  24. Arkanis

    Arkanis Well-Known Member

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    When you say everyone, you're forgetting about Fanni Willis and the Georgia Grand Jury who indicted Trump under the RICO law.

    A law that justice uses to convict criminal organizations.

    In this trial, several of Trump's associates have pleaded guilty and will testify against him.
     
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  25. AFM

    AFM Well-Known Member Past Donor

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    Why hasn’t Trump been charged with insurrection?
     

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