Trump ordered to pay over $350M for business fraud

It doesn't matter if the property is a home loan or a commercial property.
No bank makes a loan on millions of dollars for either without their own assessment.
Which is what Deutsche Bank claimed they did.

 

So you support being charged with bank fraud, even when the bank says your never defrauded them.
Let us know how that works out for you

 

Because it was fraudulently inflated, and used to falsify business records.

 

trump committed fraud

 

Yes it does

With a residential loan the sales comparison method is typically used to determine value

With a commercial loan they require documents that include ledgers, rent rolls, amenities, accurate square footages, leases, and other income sources.

These are the items the trump family has been found to have lied about — and while some of it is easily verified others must be taken at reported value as long as they are in a typical bracket.

 

Banks do not prosecute bank fraud (or mortgage fraud)

It seems to be working out fine for me because I don’t lie about my properties when applying for loans.

What do you think would happen to our financial system if everyone could lie to secure a loan with no penalty?

 

What business records? You sound like a parrot repeating something you heard on the corner.
Tell us, what business records did Trump create that makes Trump property value assumptions illegal.

 

In every commercial real estate deal, in every state, the lender and the property owner ALWAYS, ALWAYS, have different value assessments on the property or the project they are developing.
The bank ALWAYS, ALWAYS, assess these properties conservatively.

And every single state knows evaluations are subjective. Always have been, Always will be.

This corrupt judge did nothing but use a DA who ran on getting Trump as her election campaign headline, refuse to allow a jury to hear the evidence, then undercut values by MILLIONS to make an out of context claim just to get Trump.

And this will bite NY in the ass as every single real estate investor in NY is walking away. This is how dumb the left has become. They are so blinded by their salivations of getting Trump they have no clue how this will effect them.

Investment banks around the world to include domestic bank have all chimed in on this idiocy. They are all pulling out of NY.

So we are all glad to see leftist cheering this on. It shows American voters who they are and what they will do if you cross them politically.

 

Trump Org: We'd like a loan and here's our collateral.

Bank: Looks good, here's your money.

Liberals: That's racist

 

Trump has also lied about the surface areas of his properties, the renovations he has carried out and the rents collected.

His condo in Trump tower changed size three times in the same year in three financial documents.

You didn't know about this?

The laws that the Trump Org broke are clearly stipulated in the Engoron ruling.

I read it in 10 minutes, you can probably do it too.

 

You know what really amazes me more than anything else, how the lefts hatred for one person is so vile, they will ignore any and all constitutional requirements even to their own detriment.
Cheering an corrupt DA, who's political claim was if elected, she would get Trump.
Cheering a judge, so corrupt, he would order no jury for Trump to plead his case.
Cheering a court, who ignores the very banks claims of not being defrauded, the court alleges was defrauded.
Cheering a ruling of 355 million where no victim was provided to the court.
Cheering a case of fraud, against an ex president running for office, where no bank is claiming to be defrauded.

I for one am happy to see you and others like you, cheering these things as your victories.
It leaves no doubt in any voters minds the extent you would go to in an effort to silence your political opponents.

So, please continue. Be understand, it isn't having the effect you dreamed it would.

 

Trump was targeted and now everything he does is being monitored? Big brother is here. Stalin is here. The Chinese Communist Party is here. All in New York.

 

This is Stalinesque. How many times were comma’s misused? Show me the man and I will find a crime. The United States is being destroyed from within. This could happen to anyone on New York.

 

It’s absolutely true. Anyone who does business in New York could have their loan applications scrutinized at anytime by someone in the New York department of justice to find any error or discrepancy regardless of criminal complaint and brought to trial. That’s America in New York.

 

The financial professionals at DB reviewed the documents and approved the loan which was paid back on time with interest. Why isn’t the New York justice department going after DB for fiduciary irresponsibility? They should have discovered all these lies and denied the loan. Why hasn’t the New York justice department begun to monitor all of DB’s contractual activities. Or maybe they have as “punishment” for lending to Trump and making money in so doing.

 

That made no sense at all on your part.

 

The fact that very few Conservatives here in PF want to support Condor's weak, ill-thought, illogical arguments is probably the biggest tell of all on this thread. Most of those conservatives, a number of whom can debate quite well, know deep down that Trump is a criminal, loser, insane wannabe autocrat and slowly, far too slowly, they are peeling off from him.

It is what it is.

 

For their to be fraud, someone, or some entity has to have been defrauded. Especially in a civil case.

 

Before the loan was paid back, by Trump signing the loan request form based on known inflated property prices and lying about floor space area and then receiving the money, did an attempt of fraud take place?

 

Who needs to be defrauded under the statute upon which this civil claim was based? Quote the statute.

 

He did NOT “decide” that valuation. He referred to an assessment at that valuation, but he did not “decide” that was the value of the land.

 

Condor is absolutely correct. The actions of the NY justice department are the same used by Stalin and the Chinese Communist Party. Name the man and I will manufacture a crime. That is exactly what it is.

 

Your question is improper. Hopefully you understand why.

Trump signing the loan request form with his estimated valuation and data is not fraud.

 

No, don't understand why. Why don't you explain it?

Lying about floor area is not a valuation

 

Someone needs to be defrauded. The statute you're referring to says that fraud has to occur.

Under New York law, this is how fraud is defined...

"Under New York law, the five elements of a fraud claim must be shown by clear and convincing evidence: (1) a material misrepresentation or omission of fact (2) made by defendant with knowledge of its falsity (3) and intent to defraud; (4) reasonable reliance on the part of the plaintiff; and (5) resulting damage to the plaintiff."

https://laninlaw.com/fraud/


Who was the plaintiff and how was the plaintiff damaged?