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

mitchell76

Well-known member
Aug 10, 2010
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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
 

Frankfooter

dangling member
Apr 10, 2015
91,806
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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
New tactic, all crooks should run for president and therefore never have to face trial.
You wanna do some rape, just wait for an election year.
Gotta kill someone, announce you're running and go buy that gun!
 

TomFord1980

Well-known member
Jan 9, 2017
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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.
.
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.
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.
 

SchlongConery

License to Shill
Jan 28, 2013
13,089
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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.
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.
 

Butler1000

Well-known member
Oct 31, 2011
30,615
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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.
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.
 

toguy5252

Well-known member
Jun 22, 2009
15,964
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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.

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
 

Frankfooter

dangling member
Apr 10, 2015
91,806
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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.
Sure they lost money.
The IRS 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.
 
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TomFord1980

Well-known member
Jan 9, 2017
1,339
955
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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.
Would love to see it schlonger man. Mar A Lago valued at 18 million 🤣
 
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TomFord1980

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Jan 9, 2017
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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.
Wait, toguy just said that Trumpy Man over inflated the values? Which one is it gentlemen?
 
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Frankfooter

dangling member
Apr 10, 2015
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Wait, toguy just said that Trumpy Man over inflated the values? Which one is it gentlemen?
Try keeping track, tom.
rump would inflate the value to banks to get loans and then tell the IRS it was worth way less for taxes.

 

mitchell76

Well-known member
Aug 10, 2010
22,331
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I purposely stayed away from the D.C. Vote because it is the “Swamp,” with very few delegates, and no upside. Birdbrain spent all of her time, money and effort there. Over the weekend we won Missouri, Idaho, and Michigan - BIG NUMBERS - Complete destruction of a very weak opponent. The really big numbers will come on Super Tuesday. Also, WAY UP ON CROOKED JOE! Donald Trump Truth Social 09:39 PM EST 3/03/24
 
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Valcazar

Just a bundle of fucking sunshine
Mar 27, 2014
32,643
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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
Trials aren't investigative steps or bringing criminal charges.
The DOJ isn't violating their guidelines.
Try harder.
 

Valcazar

Just a bundle of fucking sunshine
Mar 27, 2014
32,643
60,773
113
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
Odds on this post just being ignored even though it directly responds to the question?
 
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