Judge rules trump spent decades defeauding insurers and bankers

[Marener]

state has no place between two private groups,,

It’s not really an issue about the two private groups.

More like state deciding if someone who likes to commit fraud so frequently should be allowed to do business in their state.

 

[Fort Fun Indiana]

It’s not really an issue about the two private groups.

More like state deciding if someone who likes to commit fraud so frequently should be allowed to do business in their state.

And the "Disgorgement"

Disgorgement: What it is and how it Works

Disgorgement is repayment of ill-gotten gains that is imposed on wrongdoers by the courts. Funds are paid back with interest to those affected.

www.investopedia.com

 

[progressive hunter]

It’s not really an issue about the two private groups.

More like state deciding if someone who likes to commit fraud so frequently should be allowed to do business in their state.

realestate fraud was invented in NYC long before trump came along and continues to this day,,

I wouldnt be starting with trump,,

How Donald Trump helped save New York City

Long before Donald Trump stamped his name in gold on buildings around the world, posted snarky midnight tweets and joined the race for the White House, he was New York’s most important and bravest …

nypost.com

 

[g5000]

There have been some civil judgments. Since you are a shitstain politically partisan hack, you deem it “proof” of Trump corruption.

And you’re pitiably ignorant. There have been no Trump convictions.

Trump has been found liable in quite few cases, actually. And like those other cases, this is also a civil case.

Trump belongs in prison just for the fact he stole from cancer kids and defrauded the elderly of their life savings at his fraudulent "university".

But he's been lucky up to now. Not just lucky, but also under the protection of prosecutor Rudy Giuliani and the New York DA Bob Morgenthau who recently died.

His protection is gone and he is finally being held to account for being a mobster.

 

[g5000]

and the revenue is about 25 million a yr,,,

that puts the value in the hundredds of millions,,

But nowhere near $714 million. Especially since Trump claims millions in expenses on his taxes.

 

[lantern2814]

"Civil" as opposed to

And? I already showed you where the commercial court is dumbfuck. This judge messed up big time and will be hit hard on appeal.

 

[g5000]

or as we see in this case not allowed to present evidence,,

See?

You didn't read the ruling.

 

[lantern2814]

No. Try to follow along.

For his taxes, Trump paid according to an assessor's valuation of $28 million.

For loans, Trump multiplied the value of Mar-A-Lago by 25 TIMES at $714 million.

That's rank fraud.

Follow along retard. The bank has their own assessors do valuations. Not Trump. Keep flailing...

 

[g5000]

On loans he paid back with interest LOL ok

Interest which was much lower than it would have been if he hadn't committed fraud.

 

[g5000]

Are these the loans he paid back in full with interest, during the banking crisis when most others were defaulting on their loans? The banks he got loans from that haven’t filed any grievances on?
Kind of odd the government is trying to claim he “defrauded” the banks, yet there is zero proof. The judge is claiming Mar-a-Lago is worth only $18 million. Forbes said it is worth $350 million.

Because Trump fraudulently inflated the value of his properties, he got lower interest rates on his loans.

That's the very nature of his fraud. He defrauded the banks, which is why he is no longer able to get a loan from a US bank. They finally got tired of his fraudulent bullshit.

Trump had to turn to Deutsche Bank, renowned for its money laundering operation, to get a loan.

And for his most recent loan rollover, he had to get it from an internet bank which doesn't even have any branch offices.

Trump used to borrow from big banks. Now look who's lending him money.

An examination of legal filings, internal documents and land records shows Axos Financial has a history of handling atypical loans.

www.nbcnews.com

 

[lantern2814]

Don't you get tired of being a submissive cuck parroting the lies being fed to you?

JESUS!

There goes another irony meter....

 

[Fort Fun Indiana]

Interest which was much lower than it would have been if he hadn't committed fraud.

And even if it wasn't, It's irrelevant. The Trump clan is always a font of hilarious irony.

Thus the "disgorgement". It's specifically tailored to make this irrelevant. It's the real "stick" of the law. It discourages this illegal activity.

 

[g5000]

the bank he borrowed from has come out and said they were happy with the deal and made a lot of money,,

That must be why Deutsche Bank is cooperating with the NY AG and will be testifying against him.

You are amazingly consistent in being wrong.

 

[g5000]

the bank he borrowed from has come out and said they were happy with the deal and made a lot of money,,

How Donald Trump got his Deutsche Bank loans

The New York attorney general is suing Donald Trump for defrauding banks

qz.com

The NYAG informed Deutsche Bank of the falsified financial documents in 2020 as part of an investigative subpoena. Afterward, Deutsche Bank asked the Trump Organization questions about the financial documents. The company “refused to respond” so Deutsche Bank decided to “exit its relationship” with the company, the complaint says.

 

[g5000]

If you're gonna defraud somebody why pay them back with interest idiot

Because the banks charged a lower interest rate than they would have if they knew how fraudulent the paperwork Trump gave them was.

See post 714. Deutsche Bank ditched the Trump Organization upon being informed of the fraud.

That's why Trump had to turn to an internet bank. No one else will touch him any more.

 

[progressive hunter]

How Donald Trump got his Deutsche Bank loans

The New York attorney general is suing Donald Trump for defrauding banks

qz.com

The NYAG informed Deutsche Bank of the falsified financial documents in 2020 as part of an investigative subpoena. Afterward, Deutsche Bank asked the Trump Organization questions about the financial documents. The company “refused to respond” so Deutsche Bank decided to “exit its relationship” with the company, the complaint says.

yes we know it is a politically motivated prosecution,,,

 

[g5000]

This is another crooked Soros judicial appointment doing Soros work

Please show us evidence Soros appointed the judge. Thanks ahead of time.

and you're an idiot

Show me where actual fraud occurred. Explain the actual part in your own words

I'll wait

Here you go: Read the Judge’s Ruling in the Trump Fraud Case


You're welcome.

 

[g5000]

Of course. Another victimless crime. Whatever it takes to punish political opposition.

You fascists sure are something.

The banks and the IRS are the victims.

You parroting submissive cucks sure are something.

 

[g5000]

Of course, but valuation by the state for income tax purposes, as an objective standard, does not necessarily mean, that valuation is the market standard that should be used for determining who will pay what for something. Anyone that has studied economics, KNOWS, this is subjective thing in the market.

I got tired of the STATE holding the Trump organization to a higher standard, than they do the rest of the economy. Well, not the rest of the economy, sure, it is a pretty shady organization, but we have lots of shady actors. In the free market, we have a saying, "buyer be beware."

But even when I read an establishment leaning piece on this originally;

https://www.cnn.com/2022/09/21/politics/letitia-james-trump-lawsuit-takeaways-what-to-know/index.html

I have not seen any huge massive corporate malfeasance. Who is really complaining, and who is getting hurt by the exaggerated business practices and deal making? Who filed the complaint here, other than a Soros funded AG? Who has the Trump organization actually harmed in these valuations and shady business dealings when he makes money for himself, his clients, and the jurisdictions he is in?

The truth is, no one's hands are clean, and by comparison, this is small potatoes, THAT is my point.

What about the folks that really HAVE committed fraud. REAL fraud that dwarfs the supposed Trump organizations, and creeps into our current government and establishment. The type of fraud that affects real people, like my own property manager, she told me she got burned by this. . . the fraud the establishment isn't focusing on?

CEO at FTX Made the Second-Largest Donation to Joe Biden’s Campaign

Chief Executive Officer at FTX, a cryptocurrency derivatives exchange, has donated the second-largest value to Joe Biden’s Campaign

www.blockchain-council.org

âI f****d upâ: the rise and fall of US crypto king Sam Bankman-Fried

The 30-year-old wunderkind last week saw his giant FTX digital currency exchange collapse and his $17bn fortune disappear

www.theguardian.com

Sat 12 Nov 2022
". . . Bankman-Fried had set himself up as the acceptable face of a shady sector viewed with deep suspicion by regulators as a refuge for criminals, money launderers and sanctions busters – as a giant online casino in which bedroom traders could rack up life-altering losses.

He spent millions funding Joe Biden’s presidential campaign, becoming the largest Democratic donor after financier George Soros and wooing other left-leaning politicians.

“Politicians speak loudly about the other candidates’ source of money,” said Charles Elson, a corporate governance expert, before FTX collapsed. “If you have taken money from someone who blows up, questions will be asked.”

Oh, and look at this, the SBF FRAUD trial, a REAL FRAUD TRIAL, coincidentally, starts in the shadow of this entire circus. . . what a huge fucking coincidence for the establishment, huh. . . color me shocked.

Who is Sam Bankman-Fried, whose fraud trial starts next week?​

September 27, 2023 6:30 AM EDT

Who is Sam Bankman-Fried, whose fraud trial starts next week?

A few years after graduating college, Sam Bankman-Fried grew worried he was not taking enough risks.

www.reuters.com

And this judge revealed himself to be the shill he is, and what their game was about here;

A judge bleevs that the state should control the economy? This is straight out of the UNs technocractic control paradigm, they don't want a free market anymore. duh.

In a free society, yeah, value is subjective. The market decides value. The state has no standing unless someone has brought a case, or he is asking for bankrupt protection. . . or, in Sam's case, look AT THAT, REAL FRAUD!!!!!!!!!!!!!! IMO.

Why not just nationalize the entire economy if we are going to go down this road, with this non-sense?

Take your red herrings elsewhere, loser.

 

[progressive hunter]

The banks and the IRS are the victims.

You parroting submissive cucks sure are something.

we understand youre upset the russian collusion claim fell flat and need so much for this to be a big deal,,

but youre going to have to do better than to go with a real estate investor overvalued property,,

thats common practice is places like NYC