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Msg ID: 2743853 Try to defend this .. just try +4/-1     
Author:bladeslap
9/22/2022 8:43:41 AM
  • New York Attorney General Letitia James unveiled an astonishing 200-page civil lawsuit that alleged that the Trump family empire was essentially built on years of grift and self-enrichment by deceiving lenders, insurers and tax authorities and dodging the laws that apply to every American. James is seeking the redress of $250 million in allegedly ill-gotten funds and sanctions that would severely crimp the Trump Organization’s capacity to do business and would effectively drive the former President and his family out of the city that made his name. Still, the case is a civil one and while James referred evidence to the Internal Revenue Service and the Justice Department, she could not make a criminal charge. Trump responded with fierce denials of wrongdoing and claims he was the victim of a “witch hunt.”
  • In a crucial ruling in the case of highly sensitive material that Trump took to his Mar-a-Lago resort, an appeals court handed the Justice Department a victory by allowing it to look at documents marked as classified that were seized in a search by FBI agents last month. Three judges, including two appointed by Trump, ruled that the public has a strong interest in ensuring his retention of the material did not cause “exceptionally grave damage to the national security.” Given Trump’s record of seeking to delay investigations against him as long as possible, he could try another legal maneuver but his options are running out, with one of his only remaining possibilities being an emergency request to the US Supreme Court.


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Msg ID: 2743872 Use you brain! +2/-3     
Author:Old Guy
9/22/2022 12:26:58 PM

Reply to: 2743853

Deceiving lenders, insurers and tax authorizes, really.

LENDERS;

    I know a thing or two about lenders, seeing that I was on the Board of Dierctors of a small saving and loan.  The loans made were to a Trump Corporation, not Trump himself.  Trump may have co-signed personally, my guess he did because he turned in a personal financial report.  This is the data in question, but understand it is still a personal report, not the corporations.  Personal reports would normally be ignored, but the more risk in the loan the more personal reports are investigated.  Personal disclaimers are common place on personal on these reports, I am sure Trump had one.  Which means independent appraiser wound be used to verify personal value.  It is the Banks responsibility to verify any information.  And the Banks did make the loans and were paid back, there is NO injuried parties!

Trump could have used incorrect values in his statement, but it is done every day, on most all loans.  People blowup what value of stuff they have.  These incorrect statements could be used in court if the bank needs to go to court for collection.  with Trump that is not the case.

Bladeslap us your brains for once.  No one was deceived, even if Trump used inflated values, no one was deceived.

The feds, looked into this and finally closed the investigation, they did not find any evidence to even keep investigating.  This case is a waste of time.

INSURERS;

you need to explain to me how insurance can be deceived, if I remember correctly you pay your insurance on the value, the more it is worth the more you pay.  So if you insure for more or less that is what you pay, and that is the insurance value you get.  How does he deceive anyone in that kind of deal.

TAX:

Trumps financial statement are not used for tax values.  There are professional tax appraisers that do that.

 

 

 



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Msg ID: 2743884 Old guy, stop thinking emotionally +4/-1     
Author:bladeslap
9/22/2022 1:41:10 PM

Reply to: 2743872

Old guy,

If you're on the board, you must be sleeping ... and also having been on several boards, the day-to-day operations versus strategy are two completely different things, so nice try trying to pull the wool over my eyes.

If you really knew anything about Banking and Fraud (one of my cousins also sits on the board of a bank in NYC), you would know 

Appraisal fraud is a form of mortgage fraud, whereby the value of a home is deliberately appraised at an inflated amount, well above its fair market value (FMV). Appraisal fraud can occur when an appraiser is in on the scam, and dishonestly overstates the value of the property.

So, when Trump uses one of his proprerties appraised at 80 million ... then says it's worth 327 million the very next year

Lists it in year 1 as 10,900 square feet, then teh next year, lists it as 30,000 feet ...


That ... is ... Fraud ...

It's not like he increased the value 10% ... he quadrupled it .. 

His 2012 statement allegedly valued rent-stabilized apartments in the building as if they were unrestricted, leading to a nearly $50 million valuation for those units. An appraisal that properly accounted for those units’ status valued them at a total of just $750,000, according to the suit.

 

You think that's "Normal"?

I think you need to leave the BOD :) 



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Msg ID: 2743896 You basically just proved my point +3/-3     
Author:Old Guy
9/22/2022 2:37:46 PM

Reply to: 2743884

You posted. "Appraisal Fraud can occur when an appraiser is in on the scam"

That is 100% correct, there needs to be a professional appraiser verifying Trumps personal financial statement in order for fraud to exist.  No appraiser is listed, in fact the personal financial statement even had a disclaimer statement.  The loan was not dependent on Trumps financal statement, it was the Trump Corp. that was taking out the loan.  Trump could have made all kinds of claims.  If I remember, Trump claimed personal value of 3 billion, Banks determined his value around 750 million.  Banks we're not deceived, and they made the loan anyway because it was a good deal and Trump paid it back.  Everybody won!!

God gave you a brain, use it.  If there was any evidence of fraud, Banks would have gone to court, charges would have been charged, not a worthless law suit, just before her election.  Polls show she is behind, this is just a political move.



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