Eric really is that stupid

Yeah, by lying on his Statement of Financial condition and getting better loan terms then he would otherwise be entitled to.

 

I can promise you, trump never borrowed any significant amount on a handshake. You're welcome to prove me wrong.

 

Actually it's this judge who is a moron. Did you see what he ruled on the value of Mar-a-lago?

 

Who said anything about a handshake?

He provided a statement of financial condition that, if he lied on it, constitutes fraud.

 

He did not rule on the value of Mar-a-Lago

His ruling was that the value Trump provided as an appraisal was 2300% greater than the tax assessment value.

That amount is ludicrous and the judge ruled that it constitutes fraud.

 

It’s obvious Trump is evil and needs to be locked-up and the key thrown away.

/joke

 

The judge is an idiot. Take it up with the appraiser. And the bank does their own appraisal. And Trump paid back the loan. A corrupt judge and prosecutor trying to rig another election for Bribed Joe.

Doesn't seem to be working though, Bribed Joe is 11.1 points behind last cycle against The Trumpster. Should Bribed Joe be trying to win on integrity when he has his whole family on the take, including some grandchildren?

 

Yeah, this judge it seems that his stupidity is only exceeded by his corruption. Banks don't loan on assessed value.

 

lol…just like daddy.

 

Look up postal fraud. No victim is required

 

Exactly.
If he had bankrupted again then it would be fraud? It can't be fraud only when he fails to pay it back.
Laws like this exist not just to penalize harm but to prevent it. The police don't pull me over in my Lamborghini for doing 200 MPH only when I cause an accident but to prevent me from causing an accident.

 

In other words the folks who loaned on the word of borrower were stupid... And they were even too stupid to notice the TAX value lmfao..

A fool and their money are soon parted

 

Loan establishment bares some responsibility I would think..

 

They were not "stupid".

The laws against lying on your statement of financial condition are there to ensure trust.

If the Trump organization is allowed to get away with this fraud then it tells other companies that they too can lie on their balance sheets. Pretty soon banks won't be able to trust companies and the whole system breaks down.

 

There is some of course. But not to the level all the Trump defenders think there should be.

 

No, in the case of huge multi national corporations like Trump Org banks loan based on the financial health of the institution. That health is given in their statement of financial condition.

When you lie on your SFC that is considered fraud.

Saying that a property is worth 2300% more than the tax assessment value is lying and is fraud.

 

So you think that it is not illegal to carry out fraud on stupid people?

 

Financial fraud. not political.

 

Even more of a stretch and that's a federal not a state crime.

 

That's odd. I've always felt exactly the same about the way The Following clings on to Don when any other politician would have been regarded as a pariah long ago. The same way you ostracize anyone in the party who dares to call out his routine depravity. Like he's a member of the family. Which, as the cult leader, I suppose he is.

 

It may still be a "disgusting charade" and could be reversed on appeal. Apparently Eric learned from his father how not to keep his mouth shut. Like father......

 

Nah, wasteful. Melt down the key.

 

I think a simply tally of how many Trump derailment and off topic deletions where counted we would know just exactly where the obsession lay

 

Are you saying it's smart to put stupid people in charge of investors money?

Oh wait, look at our current leaders, country and our coffers.. Sorry, I just realized what letter I was replying too

 

They lent the money, they clearly didn't due their due diligence. I bet there have been several changes as to how they loan money today