New tactic, all crooks should run for president and therefore never have to face trial.
We’re in the middle of an Election. We have Super Tuesday coming up very shortly. According to Justice Department guidelines, they shouldn’t be prosecuting me: “Federal prosecutors and agents may never select the timing of any action, including investigative steps, criminal charges, or statements, for the purpose of affecting any election, or for the purpose of giving an advantage or disadvantage to any candidate or political party.” THIS IS ELECTION INTERFERENCE, AND SHOULD BE STOPPED IN THE COURTS! Donald Trump Truth Social 11:51 AM EST 3/03/24
Don't send him money, mitch!
Any actual examples of Trump doing this or are you just making assumptions?You are missing the point. I have been in the real estate industry for many years and have commissioned and reviewed and relied upon hundreds of appraisals. It is not a precise science. An owner can believe that his or her property is worth whatever they like. Trump’s lenders would have appraised and done their own due diligence with respect to any particular loan they were considering.
the fraud was in the credit applications which goes into the pricing of the loan. Lenders would not due and due diligence on the individual components of the application other than the subject property.
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real estate is generally valued based upon certain multiples . So for example if you think an apartment unit is worth $100 K and the building has 100 units the building might be worth $10m. But if you lie and say the building has 200 units you are saying it is worth $20m. The lender the thinks you are much more credit worth so the may knock 1/2 a point off the rate on the subject loan. That is fraud whether or not you default on the subject loan and there are many people I jail for that type of thing.
Ohhhhhh …. you “Googled it and did not see any evidence!”Any actual examples of Trump doing this or are you just making assumptions?
I googled and do not see any evidence.
I do see that the banks were satusfied with every loan they gave Trump and all interest was paid.
In conclusion, this was a political witch hunt and many businesses will be leaving New York because of it.
Shlong the point is there was no victim and no one lost money. The banks testified as much, said all loans were paid, and they would loan to him again.Ohhhhhh …. you “Googled it and did not see any evidence!”
Well there you have it folks!
Ever think the presiding Judge has a special, ‘Libs only Deep State Google”!
I suppose I could use my secret credentials and Google the actual case filing, which includes the evidence that the judge relied on to make the finding. But you wouldn’t read it anyways.
Any actual examples of Trump doing this or are you just making assumptions?
I googled and do not see any evidence.
I do see that the banks were satusfied with every loan they gave Trump and all interest was paid.
In conclusion, this was a political witch hunt and many businesses will be leaving New York because of it.
Sure they lost money.Shlong the point is there was no victim and no one lost money. The banks testified as much, said all loans were paid, and they would loan to him again.
Kevin O'Leary has been quite vocal on it but many real estate developers all say the same thing. Its been common practice. So now it becomes as much about a DA who stated she would specifically target Trump during her campaign, but is not applying the law equally.
Would you like to see GOP DA's doing the same to Dem candidates? The law this is based is flimsy and will probably result in a successful appeal.
Would love to see it schlonger man. Mar A Lago valued at 18 millionOhhhhhh …. you “Googled it and did not see any evidence!”
Well there you have it folks!
Ever think the presiding Judge has a special, ‘Libs only Deep State Google”!
I suppose I could use my secret credentials and Google the actual case filing, which includes the evidence that the judge relied on to make the finding. But you wouldn’t read it anyways.
Wait, toguy just said that Trumpy Man over inflated the values? Which one is it gentlemen?Sure they lost money.
The IRA lost tax money from rump declaring his property worth less.
Insurance companies lost money through premiums that were lower because of claims of lower value.
Banks lost money on lower rates than would have been offered for a riskier loan on a higher cost enterprise.
That value came from what his Trumpitude declared to insurerWould love to see it schlonger man. Mar A Lago valued at 18 million
Try keeping track, tom.Wait, toguy just said that Trumpy Man over inflated the values? Which one is it gentlemen?
Trials aren't investigative steps or bringing criminal charges.We’re in the middle of an Election. We have Super Tuesday coming up very shortly. According to Justice Department guidelines, they shouldn’t be prosecuting me: “Federal prosecutors and agents may never select the timing of any action, including investigative steps, criminal charges, or statements, for the purpose of affecting any election, or for the purpose of giving an advantage or disadvantage to any candidate or political party.” THIS IS ELECTION INTERFERENCE, AND SHOULD BE STOPPED IN THE COURTS! Donald Trump Truth Social 11:51 AM EST 3/03/24
Odds on this post just being ignored even though it directly responds to the question?Here are a few. there were many more.
The former president’s personal triplex apartment in Manhattan was valued as being 30,000 square feet, but it is less than 11,000 square feet, according to the office of attorney general.
Mr Trump bought the 212-acre estate property in 1995 for $7.5m but was valued at up to $291m over the past decade based on claims that the property was zoned for nine mansions that could be sold for a profit of more than $161m, a “fiction, totally unsupported” by the development’s history, according to Ms James’s office.
The golf course was valued at $327m in 2014, based on the Trump Organization’s claim that 2,500 homes could be developed on the property, though the company only received zoning approval to build fewer than 1,500 units, according to the lawsuit. The units proposed by the Trump Organization accounted for 80 per cent of the company’s total valuation.
The Trump Organization “falsely inflated the value” of Trump National Golf Club Los Angeles “by inflating the value for a substantial number of potential lots for sale in the areas around the golf course and, starting in 2013 to 2020, applying an undisclosed 30 per cent brand premium that inflated the value of the golf club