Steeles Royal

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

lomotil

Well-known member
Mar 14, 2004
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Oblivion
Trump is the “last great orange hope” for many frustrated, fearful and feed up Americans. He is a demi-god to MAGA followers and the media cannot get enough of him The MAGA folders and there are a lot of them, enough to put Trump as the favourite for POTUS this November are a significant political force and if Trump doesn’t win, there will be major civil unrest. Trump’s base is allied with the UCP and Canadian trucker protest, Elon Musk, Tucker Carlson, the National Front in Europe and Putin.
Trump has been able to obscure judgements that went against him him and indefinitely defer settlements that he has been ordered to pay, as he knows how to work the rigged system. Trump is able to say say “fuck you” to legal decisions that he doesn’t like and will likely not pay a cent in these civil suits.
Trump’s political career is an ongoing populist reality show.
 
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bver_hunter

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Nov 5, 2005
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bver_hunter

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Nov 5, 2005
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bver_hunter

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Nov 5, 2005
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Butler1000

Well-known member
Oct 31, 2011
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I'm still trying to figure out a crime here.

He gave a valuation for property to a bank. They agreed and loaned him money based on that. And he paid all the money back. The Bank testified as much in the trial. It's pretty much what every single real estate investor in the world does.

I see, with the prosecutor's comments leading up, a pretty good appeal case.
 
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Not getting younger

Well-known member
Jun 29, 2022
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I'm still trying to figure out a crime here.

He gave a valuation for property to a bank. They agreed and loaned him money based on that. And he paid all the money back. The Bank testified as much in the trial. It's pretty much what every single real estate investor in the world does.

I see, with the prosecutor's comments leading up, a pretty good appeal case.
Banks also send appraisers because it’s their $$ on the line. Not unlike they did prior to 2008 and still do. That said, and I haven’t followed it closely enough nor give a flying hoot, with the loan in hand, all kinds of shell games are possible.
 

madappl3s

Active member
Oct 6, 2022
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Buffalo New York
I'm still trying to figure out a crime here.

He gave a valuation for property to a bank. They agreed and loaned him money based on that. And he paid all the money back. The Bank testified as much in the trial. It's pretty much what every single real estate investor in the world does.

I see, with the prosecutor's comments leading up, a pretty good appeal case.
There was none, this was a rogue DA with a carefully selected Democrat Party Judge who took it upon himself and removed the jury from the trial so he could solely provide his own summary judgement and punishment.

This was after the bank said there was no crime and he paid back the loan.

I'm just shocked they still went thru with it even with his numbers going up. Either way, won't matter as this is an easy appeal win
 
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jalimon

Well-known member
Jan 10, 2016
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I'm still trying to figure out a crime here.

He gave a valuation for property to a bank. They agreed and loaned him money based on that. And he paid all the money back. The Bank testified as much in the trial. It's pretty much what every single real estate investor in the world does.

I see, with the prosecutor's comments leading up, a pretty good appeal case.
But devalued his properties to the city and insurer to pay as little as possible.
 
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Frankfooter

dangling member
Apr 10, 2015
95,403
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There was none, this was a rogue DA with a carefully selected Democrat Party Judge who took it upon himself and removed the jury from the trial so he could solely provide his own summary judgement and punishment.

This was after the bank said there was no crime and he paid back the loan.

I'm just shocked they still went thru with it even with his numbers going up. Either way, won't matter as this is an easy appeal win
Insurance fraud.

You tell the bank your building is worth $1 billion for the loan then tell the insurance company its only worth $1 million and you tell the IRA its worth $100,000 for low taxes and insurance. Its really stupid fraud.
 

madappl3s

Active member
Oct 6, 2022
138
126
43
Buffalo New York
Insurance fraud.

You tell the bank your building is worth $1 billion for the loan then tell the insurance company its only worth $1 million and you tell the IRA its worth $100,000 for low taxes and insurance. Its really stupid fraud.
I can tell the bank whatever I like about my assets. "This building is worth a billion to me" and the bank just says "yup, sounds good to me"?

And, as a legal scholar; nothing in that ruling made legal sense and read like a personal vendetta hate letter with no precedent used in his ruling. This judge is trying to create precedent but will likely end up being disbarred as a result.
 

squeezer

Well-known member
Jan 8, 2010
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I can tell the bank whatever I like about my assets. "This building is worth a billion to me" and the bank just says "yup, sounds good to me"?
I guess you never heard of mortgage fraud? Yup, it is amazing what we can and can't do eh? LOL

 
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Butler1000

Well-known member
Oct 31, 2011
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But devalued his properties to the city and insurer to pay as little as possible.
Which is, again, something every single real estate investor does. Hell my house is undervalued by the city for tax purposes, BY THEM. And insurance companies send out people, just like banks, to make their own assessments, just like they did to my house.

As real estate pricing is fluid, this is just common practice. I'm trying to see a victim here, when all parties were paid in full, according to their own assessments, and on time.

And will she now go after all the rest?
 

Frankfooter

dangling member
Apr 10, 2015
95,403
24,253
113
Can't be fraud when legal steps by the bank has to be taken before accepting said deal. Everyone has a legal right to value their own assets at whatever price they like.
That thought cost rump half a billion.
You should definitely try it in court some day.
 
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