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Trump convicted of fraud - Again

Trump convicted of fraud - Again

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@djj said
If there was any chance of anything going pear shaped, I doubt the banks would have given him the loan in the first place. I'm sure they're not that stupid.
https://www.nytimes.com/2023/10/05/us/politics/trump-mar-a-lago-appraisal.html


"The state has accused the former president of grossly inflating the value of his properties to obtain favorable bank loans while paying taxes on valuations at or below market value."

Trump told the bank the bank the property was worth over $1 billion while reporting $28 million on his taxes. Trump *knowingly* gave the bank a MUCH higher estimate while reporting a lower amount to the government.

That is not only lying, it's also fraud.

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@vivify said
https://www.nytimes.com/2023/10/05/us/politics/trump-mar-a-lago-appraisal.html


"The state has accused the former president of grossly inflating the value of his properties to obtain favorable bank loans while paying taxes on valuations at or below market value."

Trump told the bank the bank the property was worth over $1 billion while reporting $28 million on hi ...[text shortened]... imate while reporting a lower amount to the government.

That is not only lying, it's also fraud.
Banks do their own due diligence on loans that size, are they complaining?

As for under valuing for tax purposes, I recommend everyone do that.

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@no1marauder said
The judge per New York law.
quote the law

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@wajoma said
Banks do their own due diligence on loans that size, are they complaining?
Doesn't matter. Still fraud.

As for under valuing for tax purposes, I recommend everyone do that

Which would be tax fraud. Which is a federal crime.

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@AverageJoe1
In other words, OBVIOUS WITCH HUNT. You are SO transparent. Like you claim you would never vote for your god Trump if convicted of a crime and here we are, at least THREE so far and you clearly will still vote for him even if that proven criminal is in prison.
Tell me this, why did Cohen go to jail over the payments to Stormy but the perp involved gets a slap on the wrist?

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@Mott-The-Hoople
It doesn't matter in the slightest if he DOES quote the laws, you would just go, CORRUPT JUDGES AND JURIES ALL OF THEM since your god king is incapable of being a criminal, such a philanthropist that he is AND such empathy he displays so LEAVE HIM THE FUK ALONE you liberal ASSSHOLES.

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@sonhouse said
@Mott-The-Hoople
It doesn't matter in the slightest if he DOES quote the laws, you would just go, CORRUPT JUDGES AND JURIES ALL OF THEM since your god king is incapable of being a criminal, such a philanthropist that he is AND such empathy he displays so LEAVE HIM THE FUK ALONE you liberal ASSSHOLES.
awe…did your lawyer (😂) friend get called out ?

caught lying again

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@jj-adams said
350 million dollar fine?
The most he should have been fined would be the difference in interest payments he got at the lower rate, certainly nothing ridiculous like 350 million. Proves how biased the court was.
You've heard of punitive damages, yes?

Without that, he's likely to just go back to business as usual and try it again. Punitive damages is a penalty for thinking they are beyond justice, and to make them think twice about doing it again.

Fining him the diff in interest payments would be less than a slap on the hand. He then figures why not do it again, adding in the possibility I won't get caught next time, and if I do, big deal, I only have to pay the same as I would doing it right.

Certainly your suggestion that the penalty be limited to the interest difference is a sick joke. That's not a penalty, if it's only what he would have paid if he did it right. That suggestion is supremely laughable.

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@mott-the-hoople said
awe…did your lawyer (😂) friend get called out ?

caught lying again
You can't fix stupid, either, apparently.

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@suzianne said
You can't fix stupid, either, apparently.
that’s no reason to give up, keep trying, you may make it 👎

black

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@mott-the-hoople said
quote the law
Why don't your read the decision I already cited?

https://www.documentcloud.org/documents/24432598-452564_2022_people_of_the_state_of_v_people_of_the_state_of_decision_after_trial_1688

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@mott-the-hoople said
quote the law
"12. Whenever any person shall engage in repeated fraudulent or illegal acts or otherwise demonstrate persistent fraud or illegality in the carrying on, conducting or transaction of business, the attorney general may apply, in the name of the people of the state of New York, to the supreme court of the state of New York, on notice of five days, for an order enjoining the continuance of such business activity or of any fraudulent or illegal acts, directing restitution and damages and, in an appropriate case, cancelling any certificate filed under and by virtue of the provisions of section four hundred forty of the former penal law   3 or section one hundred thirty of the general business law, and the court may award the relief applied for or so much thereof as it may deem proper.  The word “fraud” or “fraudulent” as used herein shall include any device, scheme or artifice to defraud and any deception, misrepresentation, concealment, suppression, false pretense, false promise or unconscionable contractual provisions.  The term “persistent fraud” or “illegality” as used herein shall include continuance or carrying on of any fraudulent or illegal act or conduct.  The term “repeated” as used herein shall include repetition of any separate and distinct fraudulent or illegal act, or conduct which affects more than one person.  Notwithstanding any law to the contrary, all monies recovered or obtained under this subdivision by a state agency or state official or employee acting in their official capacity shall be subject to subdivision eleven of section four of the state finance law.

In connection with any such application, the attorney general is authorized to take proof and make a determination of the relevant facts and to issue subpoenas in accordance with the civil practice law and rules.  Such authorization shall not abate or terminate by reason of any action or proceeding brought by the attorney general under this section."

https://codes.findlaw.com/ny/executive-law/exc-sect-63/

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@wajoma said
Banks do their own due diligence on loans that size, are they complaining?

As for under valuing for tax purposes, I recommend everyone do that.
Loan money is limited. Those who fraudulently obtain loans they otherwise could not get are cheating those who actually abide by the laws.

I thought you supported government intervention against fraud? Do you ever even attempt to have a consistent, coherent philosophy?

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@no1marauder
It seems more likely whatever YOU support he objects.

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@no1marauder said
Loan money is limited. Those who fraudulently obtain loans they otherwise could not get are cheating those who actually abide by the laws.

I thought you supported government intervention against fraud? Do you ever even attempt to have a consistent, coherent philosophy?
Banks do their own due diligence. Is the bank filing against trump.

We can take it they know better how to run a bank than you or vivfy.

As for undervaluing for tax purposes the goobermint does this because if they tried to peg it to the constantly changing market value they'd be inundated with complaints and appeals, it's well known they play a value versus appeals game. They want to rape rate payers as much as possible but there's a line at which they start to lose again.

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