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Trump gets a $355 million kick to the crotch, will he pay up?

mitchell76

Well-known member
Aug 10, 2010
22,543
9,244
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Shark Tank’s Kevin O’Leary is back again, this time scorching CNN’s Laura Coates:
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“Excuse me, what fraud? This is no longer about Trump. I care about America."
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The exchange gets heated quickly when Coates defends the judgment against Trump, and asks why companies would want to business with “people like yourself...if they know they can get away with fraud." O’Leary: "Excuse me, what fraud? This is not about Trump anymore. This haggling has gone on for decades. That’s how it works….forget about Trump. I care about America. I care about entrepreneurship. I care about democracy. And the fairness of the judicial system is now being criticized. People in New York should wake up and asking themselves, why is this becoming so perverse. Why are we the focus of this injustice? New York is slowly becoming the number one loser state in America." This entire exchange is fire. Worth watching in its entirety.
 

rhuarc29

Well-known member
Apr 15, 2009
9,649
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Except doesn't he have to come up with the cash in order to appeal?
If he doesn't appeal he can declare bankruptcy again or try to cheat the judge watching his business.
But if he appeals...
When has Trump ever declared bankruptcy?
 

mitchell76

Well-known member
Aug 10, 2010
22,543
9,244
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The ruling from Manhattan Democrat Judge Arthur Engoron is predictable and outrageous. Hyperpartisan New York Attorney General Big Tish James teamed up with Engoron to bring unconstitutional and punitive damages of more than $350 million against President Trump and his family. The New York Appellate Courts must overturn this ruling, because courts are going to lose their legitimacy, and when they lose their legitimacy, they will lose their funding. Thanks to
@DanNewsManBall
and
@OANN
for having me.
 

WyattEarp

Well-known member
May 17, 2017
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But devalued his properties to the city and insurer to pay as little as possible.
I'm kind of surprised to see this comment from you. From our MERB days, you seemed to fashion yourself as a successful business person. By the way you got very chummy with the girls, I suspect you might have been focused on the sales and marketing side. So perhaps you can be pardoned if you weren't directly engaged in the financial and accounting side.

As Butler noted, there are routinely different appraisals for different purposes. There is never any legal requirement they all reconcile. When this charge was first announced, some members were trying to make the case that Trump was defrauding the city and county on his real estate tax basis. This would be very difficult to do. There might be different perspectives on value, but County Appraisers make the determination not the property owner and his appraisers. The county appraisal will be subject to all sorts of mechanisms/limitations and not directly reflect market values. When a property is sold, the property will be re-assessed.

Bank appraisals, insurance appraisals and all down the line will all have different methodologies based on their varying business objectives.

This Judge sounded to me like an anti-Trump avenger who simply decided to throw out the business principles in a case regarding private business transactions.

Jalimon, you are a world class monger and you represent the values of TERB. That's a good thing...... a fair thing. Others just come to TERB to carry their political torch to more and more social media sites.
 

WyattEarp

Well-known member
May 17, 2017
7,372
2,136
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A big quebec fast food chain got caught a few years ago because they were fraudulently reporting 4 times more hot dog buns buying then sausages… At some point your lying in values still needs to make sense.
No offense, but I think you're trying to shoehorn an analogy here.

Palm Beach real estate isn't even in the same universe as hot dog buns.
 

Frankfooter

dangling member
Apr 10, 2015
92,008
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I'm kind of surprised to see this comment from you. From our MERB days, you seemed to fashion yourself as a successful business person. By the way you got very chummy with the girls, I suspect you might have been focused on the sales and marketing side. So perhaps you can be pardoned if you weren't directly engaged in the financial and accounting side.

As Butler noted, there are routinely different appraisals for different purposes. There is never any legal requirement they all reconcile. When this charge was first announced, some members were trying to make the case that Trump was defrauding the city and county on his real estate tax basis. This would be very difficult to do. There might be different perspectives on value, but County Appraisers make the determination not the property owner and his appraisers. The county appraisal will be subject to all sorts of mechanisms/limitations and not directly reflect market values. When a property is sold, the property will be re-assessed.

Bank appraisals, insurance appraisals and all down the line will all have different methodologies based on their varying business objectives.

This Judge sounded to me like an anti-Trump avenger who simply decided to throw out the business principles in a case regarding private business transactions.

Jalimon, you are a world class monger and you represent the values of TERB. That's a good thing...... a fair thing. Others just come to TERB to carry their political torch to more and more social media sites.
Trump broke the law.
The law is clear, you can't lie to banks, insurance companies and IRS giving different valuations of your property to avoid paying interest, insurance and taxes.

The evidence has been publicly known for years, its just taken this long to hit the courts.

Why would you be against elitists having to abide by the same rules and laws as the rest of us?
 

jalimon

Well-known member
Jan 10, 2016
6,838
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No offense, but I think you're trying to shoehorn an analogy here.

Palm Beach real estate isn't even in the same universe as hot dog buns.
Just trying to point out you can play a bit in a grey zone with your accountants, banks, etc... But if you overdo it you will eventually get caught.

Trump has fraud everything he could for years and years...

If Trump was really rich he would have been so dangerous. Imagine a Bezos or Gates with the mental disorder of Trump :(
 

WyattEarp

Well-known member
May 17, 2017
7,372
2,136
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Just trying to point out you can play a bit in a grey zone with your accountants, banks, etc... But if you overdo it you will eventually get caught.

Trump has fraud everything he could for years and years...

If Trump was really rich he would have been so dangerous. Imagine a Bezos or Gates with the mental disorder of Trump :(
No offense again, but you are not saying anything specifically. Yeah, there are grey zones and most of them don't amount to illegality.

Another prominent member recently made the almost child-like argument I'm fine with going after Trump people because rich people get away with too much. This is the age-old many rich people are bad sentiment. Clearly, this about getting Trump as this case is unprecedented. In other words, no other "rich" people are being prosecuted for such matters. It would be naive to think that these situations don't exist elsewhere. We also know this Trump appraisal situation existed before Trump was President.

In any event, it doesn't matter how any of us feel about this. The court decision will likely be overturned or retried. The large fine will not stand.
 
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