Name:	lucky67 -	Reply
Subject:	trump
Date:	10/2/2023 5:19:49 PM

if you list your home for sale @ $2 mill and accept $1 mill --are you as the home owner committing fraud ? didnt think so--LENDERS do their own due diligence in making residential, commercial, or personal loans to determine value and if a borrower qualifies- or not -shame on them if they don't; NY DA's arent qualified to value property, especially in Fla. and i havent seen any banks suing trump or any evidence of default; the only issue here is this is a great  dem distraction from  Joe & hunters issues--hign fuel & groc prices and illegals storming the border

Name:	Talullahhound -	Reply
Subject:	trump
Date:	10/2/2023 8:42:32 PM

I don't get it either.  I could understand it if the banks were bringing suit for fraud, but what has he done to commit fraud against NYC?  I read a little while ago that 80% of the case is going away because it is outside the statue of limitations.  I wonder what responsibility the lender has to ascertain if the value of the property is as the borrower states?  

And what about all those people that obtained mortgages via lending institutions that didn't have to provide proof of their income?  Did they commmit fraud too?

If these charges are valid, I wonder how many other large borrowers are commiting fraud too, using this definition?

Name:	GoneFishin -	Reply
Subject:	An Actual Example Of Trump Fraud
Date:	10/2/2023 9:38:20 PM (updated 10/2/2023 10:24:26 PM)

Trump did a few things that have created his problem of fraud. First, he liked to appeal that his property assessments were too high. That was his right. However, he would then turn around and raise the assessed value many times when he created a valuation of his assets.

When he wanted to borrow $100,000,000 on a building, he would submit a list of all his income and assets. The bank would do their due diligence on the building he was using to seek the loan. They would then give him a loan using the building value, his income, and assets.  The bank certainly could not visit each of the buildings he listed in his assets statementbut and would accept his statement as true since he signed it.  Because of his inflated assets, he would get a lower interest rate and more favorable repayment terms. No different than the IRS accepting your tax return because you signed it as true.

Here is an actual example…. He has an apartment in Trump Tower. It is 11,000 square feet….on his statement he valued it as 30,000 square feet and stated its worth $327,000,000.

“Donald Trump’s Triplex Apartment at Trump Tower, New York, NY Valuations of this property were calculated using objectively false numbers. For example, the apartment was valued as being 30,000 square feet when it was actually 10,996 square feet. As a result, in 2015, the apartment was valued at $327 million in total, or $29,738 per square foot. That price was absurd given the fact that at that point only one apartment in New York City had ever sold for even $100 million, at a price per square foot of less than $10,000, and that sale was in a newly built, ultra-tall tower. In the 30 year-old Trump Tower, the record sale at that time was a mere $16.5 million at a price of less than $4,500 per square foot. “

There are many, many other examples that the court has called fraud.

A little different than trying to sell a house at an inflated price. That is not fraud but good business if you can pull it off with a buyer paying cash.

Name:	Lighthouse -	Reply
Subject:	An Actual Example Of Trump Fraud
Date:	10/3/2023 6:31:30 AM

Para 2 is a statement of unknowns as fact.

Name:	phil -	Reply
Subject:	An Actual Example Of Trump Fraud
Date:	10/3/2023 8:57:13 AM (updated 10/3/2023 9:01:28 AM)

"The bank certainly could not visit each of the buildings he listed in his assets statementbut and would accept his statement as true since he signed it.  Because of his inflated assets, he would get a lower interest rate and more favorable repayment terms. No different than the IRS accepting your tax return because you signed it as true."  -GFY

So the bank failed to do their job because he owns lots of stuff and there is no way they could ever determine value of property/company in an area without actually visiting a property and thats his fault when there is a statement that says these are our numbers - get your own numbers to verify what we say, its funny never seen a box on loan/credit application that wants to know square footage just wants to know its $ value.  All the bank cares about is will it get paid back ( it did ) or if there is default what can we take that will make up for the loss ( there was none )

"No different then the IRS just accepting your return" - funny I left something off and the IRS rejected it a few years ago, and quickly.  And on another issue still trying to get the IRS to admit a mistake on another where they listed taxes paid as rental income and charged me an extra $2000 - paid it after threats of them going after my house and have been working with my tax person for years to get it fixed and dont hold much hope.  So in both cases they did not accept it just because it was signed.  

Name:	GoneFishin -	Reply
Subject:	Read For Yourself.......
Date:	10/3/2023 9:21:48 AM

Read Them

Name:	GoneFishin -	Reply
Subject:	Lighthouse/phil
Date:	10/3/2023 9:40:18 AM

2 great points...

Lighhouse: Paragragh is a hypothetical example of what Trump did when applying for loans. What issue do you have with the substance of the example?

phil: As to your tax return, did they accept the rest of it based on your signature? Have you filed an appeal?

APPEAL

Name:	MartiniMan -	Reply
Subject:	Why Trump?
Date:	10/3/2023 9:50:07 AM

Why not any other Uber wealthy NY developer?  All of whom I can assure you overestimate the value of their assets.  And where are the banks on this, none of whom participated in this civil trial?  Why not?  Because there was no damages and they made a nice profit on his loans which he paid off.  

This a politically motivated CIVIL trial....not a criminal one because they couldn't make a criminal case.  So please dispense with all this alleged fraud...no crime was committed.  No criminal case has been brought.  This all about destroying Trump and trying to either keep him off the ballot or from winning the election.

Name:	phil -	Reply
Subject:	Lighthouse/phil
Date:	10/3/2023 10:08:55 AM (updated 10/3/2023 10:09:33 AM)

Duh, yes it has been filed and still waiting on an answer.  has been filed multiple times by both me and the tax service.

one rejected and had to be resubmitted with the document I left off

one was accepted, then they sent a bill 6 months later with taxes paid listed as rental income - I do not have any rental income.  Waiting on IRS to get off its a$$ even after jumping through their damn hoops.

can you remove the ones that are not valid due to statute of limitations?  I know you just cut and paste and demand stuff from others.

Name:	phil -	Reply
Subject:	Why Trump?
Date:	10/3/2023 10:10:26 AM

and draining his accounts through lawyers, fines and fees.

Name:	Talullahhound -	Reply
Subject:	Why Trump?
Date:	10/3/2023 10:28:40 AM

I admit that I am no expert on these things.  But I thought in order to bring suit, there had to be damages, real or imagined.  What I can't figure out is why NYC is bringing the suit.  How did they, or the people of NYC suffer as a result of Trump's actions?  

I get why he might have inflated his values, I get that he was likely seeking more favorable terms.  But I keep wondering how many other developers do the same thing?  Unless you get an independent appraisal, opinions may vary as to how much something is worth. 

Name:	lakngulf -	Reply
Subject:	Lighthouse/phil
Date:	10/3/2023 10:40:44 AM

Hx!! no IRS did not accept the rest of it.  Whereever they can make a reasonable tally against data they will check.  They have made decisions over the years, he way banks make decisions, on what it most needed to be checked.  For those they have required businesses and real estate attorneys and indidviduals to report info with IDs they can trace.  They are even now trying to get banks to report a $600 or $1000 transaction you make so they can better trace and track.

The banks here had an obligation to their shareholders to do due diligence.  If they do do instread it is on them.  

Name:	MartiniMan -	Reply
Subject:	Why Trump?
Date:	10/3/2023 11:32:16 AM

I can assure you not one developer could withstand this kind of scrutiny.  In every case known to man except this one the only time this issue comes up is when there is a default.  Actual damages.  This is a grotesque use of lawfare against a political opponent.  And like every bad precedent set by Democrats it will come back to haunt them...bigly.  

What is even more absurd is the idea that Trump personally did this.  His lawyers and accountants filled out loan paperwork, decided on valuations and then had Trump sign them.  Anyone in his position that has obtained financing like this would hire someone to do it for them.  People like Goofy are blinded by their TDS and will never see what a sham this is....all they care about is the outcome they desire damn the methods.  How about this idea....nominate a person for President that can beat Trump instead of a senile kleptocrat criminal.  Then maybe you don't need fake indictments.

Name:	MartiniMan -	Reply
Subject:	Why Trump?
Date:	10/3/2023 11:34:36 AM

Oh they want more than that.  They want to seize all his assets and prevent him from doing business in NY.  This case is headed to SCOTUS where it will be kicked to the curb like the garbage it is.

Name:	GoneFishin -	Reply
Subject:	phil
Date:	10/3/2023 2:25:19 PM

Here is complete list fron NY GOV website:

https://ag.ny.gov/sites/default/files/tto_release_properties_addendum_-_final.pdf

Compare it to what I posted earlier.

Name:	MartiniMan -	Reply
Subject:	It means nothing
Date:	10/3/2023 2:32:52 PM

Until they go after all NY developers, including left wing ones, this just proves it is politically motivated.  My prediction is that not one other developer will be investigated or indicted.....not one.  Just remember this Goofy when GOP AG's start to target Democrats.  

Name:	GoneFishin -	Reply
Subject:	Interesting Exchange
Date:	10/3/2023 2:36:19 PM

Lawyers from the New York attorney general's office confronted former President Donald Trump in court Monday, showing a previously unseen deposition video in which he denied responsibility for the property valuations in his own company.

In the video, shown on the enormous TV screens in the downtown Manhattan courtroom, Trump was asked who at the Trump Organization was tasked with making sure the family company's financial statements abided by generally accepted accounting principles.

Was it Allen Weisselberg, the Trump Organization's chief financial officer?

"I would say yes," Trump answered.

It was Weisselberg who made sure properties were valued according to GAAP, he said.

Moments earlier, Kevin C. Wallace, the attorney general's office lawyer presenting the opening statement, had shown a different deposition video of Weisselberg. Another lawyer from the attorney general's office asked whether he was familiar with GAAP.

"I never took the CPA exam, never studied for it," Weisselberg said, explaining he wasn't familiar with GAAP. "So I don't know all the components for it."

The juxtaposition got to the heart of New York Attorney General Letitia James' lawsuit against Trump, Eric Trump, Donald Trump Jr., Weisselberg, and their fellow executive Jeff McConney. The attorney general's lawsuit says someone is lying about how the financial statements were prepared, and that proves the defendants were acting with an intent to defraud.

By appearing in court, Trump is dodging another deposition

Name:	MartiniMan -	Reply
Subject:	Interesting Exchange
Date:	10/3/2023 3:21:23 PM

Dude, I ran a small company and my CFO was more than familiar with GAAP.  Has nothing to do with passing the CPA exam.  He was either lying to protect himself or totally incompetent....most likely both.  Keep trying Goofy....and ignoring the political nature of this useless and stupid persecution.  Heck, 80% of the case was tossed due to the most obvious statute of limitations.  Great lawyering there.

Name:	phil -	Reply
Subject:	phil
Date:	10/3/2023 3:57:41 PM

So a repost of what you already posted with properties across the world not just in NY.