The Sham Trial Against Trump

[bripat9643]

The civil law he is being charged with has nothing to do with some other entity losing money....

Yeah, right, it doesn't matter that there are no victims to this "crime."

Progs are utterly despicable.

 

[j-mac]

They are trying, but now Trump wants to call more than 120 witnesses, just to delay the outcome

So, now defendants who we don’t like, have no rights?

 

[j-mac]

The civil law he is being charged with has nothing to do with some other entity losing money....

So, who’d he fraud?

 

[WorldWatcher]

The infamous box was for a jury trial. The summary judgement in the first part was requested by both parties.

That's a big fucking lie.

Not a lie....

The trump lawyers requested a judicial summary for the entire case, but got it only on one of the case issues and the handful of others, had to go to trial.

Big fucking lie

https://s3.documentcloud.org/documents/23991876/trump-ny-fraud-ruling.pdf

Then go to PDF page 12 in the link above to see the reasoning that the court denied the defendents motion for a summary judgement in their favor.

Ya, they did request summary judgement.

WW

 

[Care4all]

Yeah, right, it doesn't matter that there are no victims to this "crime."

Progs are utterly despicable.

It's the, on the books civil law, he's being accused of breaking. Letitia James didn't write the law, silly one!

Someone in this thread posted it earlier, fraud has many aspects under NY civil law, and financial harm to another entity, does not need to be a part of fraud in all cases.

Regardless, the experts say that the banks would have earned $168 MILLION more In interest off of his loans, if he had not committed his fraud....

 

[j-mac]

It's the, on the books civil law, he's being accused of breaking. Letitia James didn't write the law, silly one!

Someone in this thread posted it earlier, fraud has many aspects under NY civil law, and financial harm to another entity, does not need to be a part of fraud in all cases.

Regardless, the experts say that the banks would have earned $168 MILLION more In interest off of his loans, if he had not committed his fraud....

So, the bank is crying fraud? Show us…

 

[Mac1958]

He's bad because he cheated via lying, with his fraudulent, certified, financial condition schemes.....and he did so repeatedly, over decades.... While all other businesses had to follow the rules and regs and honesty on their certified financial condition forms when applying for their loans....

Pretty funny watching them get so squishy on the law.

For them, now, it's okay if you break the law as long as they don't see a victim.

The party of the Rule of Law and Personal Responsibility is now a mindless cult.

 

[Care4all]

Yeah, right, it doesn't matter that there are no victims to this "crime."

Progs are utterly despicable.

This is not a criminal trial.

The Trump organization/Alan Weisselberg was already found guilty of criminal fraud in a criminal trial and his chief financial guy Alan W. was sent to prison for his felonies.

This is a Civil law case.

 

[Care4all]

So, the bank is crying fraud? Show us…

This is a civil law case, not a criminal law case.

Trump org. was already found guilty in the criminal fraud case and his CFO found guilty and sent to prison for it about a year or so, ago.

 

[Robert W]

As were no doubt his financial statements. The financial statements can reflect what the appreciated value of the property is likely to be over the life of the loan, is sometimes based on anticipated income or whatever. And the lender will consider that, based on the borrower's track record, as well as the appraised value, to determine the amount of money to lend.

No competent lender makes a loan in which he expects to lose money. Lenders of course cannot always anticipate a massive real estate crash such as we had in 2008 that put millions of mortgage holders under water or the deep recession plus Gulf War that crashed the real estate market in Atlantic City in the late 1990's and early 21st Century and other such regional financial collapses.

But they are diligent in looking to their own interests when their income is primarily from lending money and collecting interest. You can be sure no bank makes a high value loan without verifying the value of the property or business getting the loan. Financial statements are never the only way they determine that.

When any party has as much money and assets as Trump has, they hire teams of quality experts who create their financials for them. Trump would never stay awake at night to do his own financials. They are far too complicated.

As to estimates of the future, frankly that is news to me. But as an appraiser of real property, we did particular estimates of earnings but we were also not accountants or experts on predicting the future.
I agree however with the thrust of your remarks.

Assets refer to a wide variety of items you own that have a monetary value. When you apply for a mortgage, the lender looks into your asset inventory and determines their cash value to make sure that you are capable of returning the loan despite facing financial hardship, such as a job loss, during the repayment period.

There could be various asset types, including:
● Money, savings and checking accounts, certificates of deposit (CDs), and other similar sources — cash and equivalent to cash
● Tradable stocks, bonds, or something that can be converted to cash without dropping their actual price — liquid assets
● Lands, vehicles, antiques, business property, and anything that has monetary value but cannot be converted into cash quickly and may lose some of their value in the conversion process — fixed assets
● Investment money that is lent for interest, including government bonds, securities, and any type of investment money that yields interest — fixed-income assets
● IRA, 401(k) accounts, mutual funds, or anything that secures your ownership in a company — equity assets

You can also categorize them into tangible (physical) and intangible (nonphysical) assets. The lender assesses your positive net worth, indicating your assets have more value than your liabilities. It also helps establish your debt-to-income ratio.

To do the required evaluations, America Mortgages requires only an International Credit Report, Accountant Reference, and some paper documents verifying your funds.

Loan Application Form 1003

When you apply for a loan using loan application form 1003, lenders examine your asset inventory to determine cash value to see if you can repay if under duress

www.americamortgages.com

 

[Robert W]

This is not a criminal trial.

The Trump organization/Alan Weisselberg was already found guilty of criminal fraud in a criminal trial and his chief financial guy Alan W. was sent to prison for his felonies.

This is a Civil law case.

No he did not go to jail for fraud. And he was released in the spring of 2023.

NEW YORK (AP) — Allen Weisselberg, the former chief financial officer at Donald Trump’s company, got out of jail Wednesday but might not have freed himself from the legal morass surrounding the former president.

The 75-year-old emerged from New York City’s Rikers Island jail complex facing the same pressures he was under three months ago, when he started serving time for tax evasion.

 

[sealybobo]

LOL. It's not the hands of any court. It's in the hands of a biased partisan judge who is a through and through democrat.

Hey, if you want to do business in NYC, don't cry that it's a liberal town with liberal judges. Waaaahh. She won't let me commit crimes WAAAHHHH

 

[Robert W]

For several years up until we retired my husband and I had a business among other things providing insurance services (premium audits, fire, wind, liability, loss of income etc. inspections) and also value appraisals. Now an insurance value appraisal isn't nearly as detailed as the appraisals you did but pretty closely ballparked what the replacement cost would be of various structures so that an insurance company could know what coverage was needed.

Property owners always want lower appraised values for the tax assessor, just enough value on their property that they can afford to insure it, and, when they sell the property, they want the appraiser to come up with a princely sum.

But I still don't know a single mortgage lender, banker or anybody who is going to loan more money than they think a high value property is worth.

Were I a banker, I never would put my job on the line for the sake of making a loan to anybody.

And since you were in the insurance business end of this, they should listen to your expertise. I had a Brother in law who also was an appraiser. He and I used to talk of him doing what is called by the professionals, bulk real estate valuations for tax purposes.
They will never get permission from every owner to appraise a property so they simply sample some properties and using bulk appraisal systems come up with a derived value for tax purposes only. This probably is why property owners can appeal values and they are able to hire real appraisers who will come up with a reasonable fair market value.

I never met a homeowner who understood appraisals at all. They simply used them to get loans.

 

[Robert W]

Hey, if you want to do business in NYC, don't cry that it's a liberal town with liberal judges. Waaaahh. She won't let me commit crimes WAAAHHHH

Remember, they can do this to you as well.

 

[SeaMajor7]

Hey, if you want to do business in NYC, don't cry that it's a liberal town with liberal judges. Waaaahh. She won't let me commit crimes WAAAHHHH

What crimes?

 

[sealybobo]

What crimes?

What's he on trial for?

 

[sealybobo]

Remember, they can do this to you as well.

Yes if I break the law they will go after me. The problem is some powerful people think they are above the law. They think they can do anything. Even shoot someone and not lose one vote.

 

[SeaMajor7]

What's he on trial for?

Beating Hillary.

 

[rightwinger]

Hey, if you want to do business in NYC, don't cry that it's a liberal town with liberal judges. Waaaahh. She won't let me commit crimes WAAAHHHH

Trump does his crimes in liberal areas and then whines that he does not get a Judge and Jury from Alabama

 

[Robert W]

Yes if I break the law they will go after me. The problem is some powerful people think they are above the law. They think they can do anything. Even shoot someone and not lose one vote.

Trump broke zero laws. This will no doubt end up in appeals and if he loses, the Supreme Court.

I saw the basis the judge used and he is full of shit.