Trump ordered to pay over $350M for business fraud

Knock it off. You can't provide a single report from a single voter fraud investigation and you know it.

 

Why? A partisan judgment from a partisan judge. Who other than Trump cares what he thinks.

 

Typically, loans for Trump deals were routinely overvalued because Trump’s own made up numbers drove up the negotiated amount, as they were intended to do.

Trump’s constant mismanagement and his tendancy to deal in bad faith as a core value, meant that the Trump Organization played a constant shell gave, moving money around from one deal to another to cover the shortfalls in revenues when properties didn’t cover their debts.

These, of course, undermined the real value of the properties themselves as the cooked books destroyed anyone’s faith in the numbers.

DB had entered the US market with a goal of getting big clients in New York. Trump was one of the targets.

DB also laundered a lot of cash for Russians oligarchs.

It was a perfect fit. Russian oligarchs bought Trump condos and sold them at losses to launder money. They lent money to Trump to develop the condos in order to have an outlet of move their money through.

Brighton Beach Russian gangsters laundered their money through Trump’s failing Atlantic City casinos for the same reason.

By 2000, no American bank would lend on a Trump deal, and he was left with DB and offshore banks with even closer ties to Moscow.

These are not recent revelations (although they may be for the low information Trump crowd).

Anyone who read the business pages of New York, or followed the commercial real estate trade press, were fully aware of the Trump Organizations dependence on Moscow’s money.

Don Jr even said it out loud.

 

That’s not what they did they — they lied about data such as square footage (tripling it in some cases), amenities, upgrades, use and occupancy.

It would be different if they just said “I think this is worth $X” but that isn’t what occurred, they said “I think it is worth $X and here is data that supports that” — they edited data to push the valuation they were asking for.

Thats when it becomes fraud.

 

Really ?

What part of his judgment makes you think Engoron is partisan?

 

Except I knew it was fake and now see that it fooled your experts

 

You think that'll be reversed on appeal? Uh, no.

 

Even the Orange Incompetent retained 2 outfits and they reported no fraud. But here's one. It took me less than 30 seconds to find this.

https://www.pnas.org/doi/10.1073/pnas.2103619118

 

And yet DB made the loan which was paid on time.

 

The financial professionals at DB granted loans to Trump and made money. They are fiduciaries and are make money by analyzing valuation and risk.

 

"Forensic audits?" I never hear of that one before.

 

They submitted paperwork to DB. DB reviewed, adjusted, and granted the loan which was paid back on time with interest.

 

an interesting attack on this court's jihad against Trump from a guy who doesn't like Trump
https://reason.com/volokh/2024/02/18/president-trumps-kafkaesque-civil-trial-in-new-york-state/

Professor Calabresi claims the use of the laws to go after Trump were twisted

Ms. James and Judge Engeron have essentially turned a vaguely worded New York State law into a modern day Bill of Attainder targeted at Donald Trump both for political gain and because they despise his political views and desperately want to call his truthfulness into question as he runs for President of the United States inn 2024. In doing this, the have violated Trump's First Amendment right to freedom of speech and of the press; his Fifth Amendment right not to be deprived of liberty or property without due process of law; his Fifth Amendment right not to have property taken away from him except for a pubic use with just compensation being paid; his Eighth Amendment right not to be made to pay an excessive fine; his Article IV, Section 2 right as a citizen of Florida to do make and enforce contracts in New York on the same terms as are other New Yorkers; and his Fourteenth Amendment right to be free to pursue an occupation without unnecessary and burdensome regulation.

 

Look it up.

 

Exactly. The “Get Trumpers” have twisted the law and used that to go after Trump. Letitia ran for office ona pledge to “Get Trump”. This has resulted in a precedent by which any elected prosecutor can now go after any person they might choose and with the right judge prosecute and convict and excessively fine said person. Many New York based business people and individuals are realizing that this could happen to them which is why the governor of New York is doing damage control.

This is Stalinesque. Name the man and I will find a crime.

 

I can also suggest five books detailing the evidence and specifics of forensic audits but you wouldn’t read them.

It has always amazed me that seemingly intelligent people refuse to challenge their beliefs? Why is that? The power of faith?

 

Yes, there was false data provided by Trump, repeatedly in patterns that the judge deemed broke the laws of NY.
It's in the judge's statement that's been provided here repeatedly. You either haven't read it or are intentionally ignoring it.
Consider this. There may be a bigger picture here, not just a one time thing. The judge may have recognized patterns that indicated money laundering schemes but couldn't nail down enough solid evidence for money laundering charges so they went with what was actually fairly easy to prove and went after the one party they could, Trump, using laws on the books in NY.
Trump even bragged about these types of deals for years. Trump Jr. bragged about how much Russian investment money they had. https://www.businessinsider.com/donald-trump-jr-said-money-pouring-in-from-russia-2018-2
You are picking small talking points to try and argue your position, but I don't really think you actually seek the whole truth as it would be bad for Trump, and you feel the need to protect him.
Here's the bottom line: A judge in NY deemed Trump liable in court, based on plenty of documentation, and what you or I think is the truth ultimately is irrelevant.
Trump can have another chance at reduction of amount or even dropped the whole thing on appeal.
What kind of is puzzling is that people still think Trump is a great businessman. If anything this proves that he is not. He should have had his books right and been aware of the rules and laws and abided by them, but he saw shortcuts and took them, and got caught.

 

We are dealing with people who think that you can just "adjust" the square footage of a building, the number of floors in a building, and whether or not you included market value in your estimates after you said that you didn't. Trump himself is documented as not even being able to acknowledge the existence of a reality outside his wishes, even claiming that it wouldn't be a lie to say that he had lunch with someone that he hasn't had lunch with. And it seems like his followers or on-board. @AFM

 

You4 embarrassing yourself here condor. You may want to educate yourself on what happened, and what he is actually accused of.

 

A prosecutor who ran on “getting Trump” and a judge who also was of like mind manufactured this bogus fraud charge and convicted him. Now the Governor is doing damage control.

 

DB had no problem adjusting valuations.

 

Trump had no problem lying on his forms, which is a crime.

 

This has nothing to do with if they paid the loan back — if you rob a bank and pay it back it is still a crime. Such a lazy argument

Is lying on a financial application fraud? Yes or no?

 

I will always listen to a good argument, and frequently to a bad argument. I see no point in wasting time reading a book that claims that Trump won the last election.

Every public opinion poll said that Trump was behind Biden. Judges that he appointed ruled against his claims of election fraud.

Whenever I am given a reading list I know I have won the argument.

If you have read those books and if you understand what you read, tell me in your own words what they claim.

Anyone can find arguments on the internet that they like. The legitimate function of the internet is to document facts.