What are the grounds for trumps fraud appeal ?

[Bleipriester]

Not as much money as it should have made for the undisclosed risk it was running.


More than $300 million under valued risk, apparently.

I think this is supposed to make Trump look bad and can easily backfire on November 5 when people who believe that the system is rigged vote for Trump.

 

[Oddball]

Trump ordered to pay $355m to New York for lying to banks

In the civil case, a judge ordered the penalty to keep him and his sons from continuing "fraudulent ways".

www.bbc.co.uk

He will appeal this . I can only see it as a delaying tactic.
Does he have any grounds to appeal this judgement ?

No damaged party.

 

[Cellblock2429]

The fine was based on the amount that trump benefitted from his fraud He made a lot of money from it.

/——/ So did the banks. They made money. When will they be fined?

 

[Oddball]

If two dealers kill each other over a drug deal a crime has still been comitted,Everybody made money during the financial crash until they didnt.

Fucking stoopit example....Murder is an actual crime of violence against an individual.

 

[Cellblock2429]

I think this is supposed to make Trump look bad and can easily backfire on November 5 when people who believe that the system is rigged vote for Trump.

/——/ Trump’s base is fighting back. Truck driver says other truckers will stop accepting loads from NYC after Trump verdict

 

[Tommy Tainant]

Over 20 posts and I am not seeing any grounds for an appeal.

 

[Tommy Tainant]

/——/ Trump’s base is fighting back. Truck driver says other truckers will stop accepting loads from NYC after Trump verdict

Slow news day. Hilarious,

 

[Bleipriester]

/——/ Trump’s base is fighting back. Truck driver says other truckers will stop accepting loads from NYC after Trump verdict

People taking real action for a politician is not often. Trump should remember the workers when we wins.

 

[rightwinger]

There were no victims. Who gets the money?

NY General Revenue

 

[rightwinger]

If you do not fill in an online loan application form correctly you will be sentenced to a fine of 354,9 million USD. You will be barred from receiving loans for three years, your children for two, your cats and dogs for one. The spider in the basement will have its web confiscated and you will get a parking prohibition in your garage for ten years.

If you blatantly and repeatedly lie on your loan applications in order to qualify for larger loans at better terms……you are committing fraud

 

[multivita-man]

Yes, it means risk and there will be bad times now and then. The bank took the risk, they certainly know about Trump´s bankruptcies.

Moral hazard is all well and good, but the State of New York has the power to enforce its statutes.

Again, not a lawyer, but I think the only thing that Trump could realistically challenge is the amount of the fine - perhaps he could somehow argue that it's excessive. I don't know how the fine and other penalties were determined. If it's some sort of common law formula used to assess 'damages', I don't know...maybe there's a leg to stand on. But if those fines are and punishments are written into the statute in explicit terms, then frankly, he's fucked.

 

[Bleipriester]

If you blatantly and repeatedly lie on your loan applications in order to qualify for larger loans at better terms……you are committing fraud

Trump says he did not lie.

 

[Rawley]

No, it shouldn't. If the banking system engages in risky behavior, such as willfully doing billions of dollars in business with people who inflate the value of their property, that's a problem.

THIs transaction is exactly how real estate development has gone on ... forever. If this decision stands it will have a devastating effect on real estate in NY. The poo bahs will order this ridiculous decision be reversed.

 

[rightwinger]

Again, not a lawyer, but I think the only thing that Trump could realistically challenge is the amount of the fine - perhaps he could somehow argue that it's excessive. I don't know how the fine and other penalties were determined. If it's some sort of common law formula used to assess 'damages', I don't know...maybe there's a leg to stand on. But if those fines are and punishments are written into the statute in explicit terms, then frankly, he's fucked.

Trumps lawyers were laughably bad
They did not leave many grounds for appeal

Trump can appeal the amount and will probably get it reduced, but he will still pay Bigly

 

[Bleipriester]

Moral hazard is all well and good, but the State of New York has the power to enforce its statutes.

Again, not a lawyer, but I think the only thing that Trump could realistically challenge is the amount of the fine - perhaps he could somehow argue that it's excessive. I don't know how the fine and other penalties were determined. If it's some sort of common law formula used to assess 'damages', I don't know...maybe there's a leg to stand on. But if those fines are and punishments are written into the statute in explicit terms, then frankly, he's fucked.

Tommy says the amount is based on the revenue Trump made using the loan. So I think the amount can be challenged. This judgement does not seem to be based on actual legal principles or is at least very biased and using up the range of the sentence.

 

[Rawley]

If you blatantly and repeatedly lie on your loan applications in order to qualify for larger loans at better terms……you are committing fraud

The ignorance on this process is breathtaking

 

[rightwinger]

THIs transaction is exactly how real estate development has gone on ... forever. If this decision stands it will have a devastating effect on real estate in NY. The poo bahs will order this ridiculous decision.

Good

If the Real Estate market relies on Fraud, it deserves a wake up call

 

[Rawley]

Good

If the Real Estate market relies on Fraud, it deserves a wake up call

Thats the point Right. THere was no fraud. It's how the process works, If you really care, which I doubt, go back and read the testimony of the bankers he allegedly defrauded.

 

[multivita-man]

THIs transaction is exactly how real estate development has gone on ... forever.

Sure, there's been fraud since time immemorial, and there's been policing against fraud for almost as long.

If this decision stands it will have a devastating effect on real estate in NY.

Nah, it really won't, because the vast majority of businesses in New York are legitimate and follow the law and therefore have nothing to worry about.

The poo bahs will order this ridiculous decision be reversed.

Possible, but not likely.

 

[multivita-man]

Tommy says the amount is based on the revenue Trump made using the loan. So I think the amount can be challenged. This judgement does not seem to be based on actual legal principles or is at least very biased and using up the range of the sentence.

The case will be appealed and the appellate process could take time.