Mario Nawfal
@MarioNawfal
🚨BREAKING: JUDGE RULES TRUMP DEFRAUDED BANKS & INSURERS
In the biggest blow yet, a judge ruled Trump committed fraud for years as he built his real estate empire.
Judge Arthur Engoron found that Trump and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing financing.
KEY POINTS:
- Engoron found that Trump, his company and key executives repeatedly lied about their wealth on their annual financial statements, reaping rewards such as favorable loan terms and lower insurance premiums.
- Engoron states that those tactics crossed the line, rejecting Trump’s contention that a disclaimer on the financial statements absolved him of any wrongdoing.
- Engoron ordered that some of Trump’s business licenses be rescinded as punishment, making it difficult or impossible for them to do business in New York.
- He also said he would continue to have an independent monitor oversee the Trump Organization’s operations.
- Engoron’s ruling, in a phase of the case known as summary judgment, resolves the key claim in the lawsuit, but six others remain.
“In defendants’ world: rent regulated apartments are worth the same as unregulated apartments; restricted land is worth the same as unrestricted land; restrictions can evaporate into thin air; a disclaimer by one party casting responsibility on another party exonerates the other party’s lies That is a is a fantasy world, not the real world.” - From Engoron’s ruling.
https://twitter.com/MarioNawfal/status/1706779664268644382
Jake Sherman
@JakeSherman
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3m
GAETZ just essentially said on the House floor that he will file a motion to boot McCarthy out of the speakership.
He said Democrats will have an opportunity to hold McCarthy responsible for his record over the last 8 months. And he said we’ll see if Democrats bail him out.
Trump’s lawyers are correct that it is legal and customary to price assets at market values. Up to management discretion.
How did I pass all audits doing the same thing?
Time to get these runaway hack “judges” off the bench.
This is beyond sickening.
Thanks for the ping!
Just got home and yet to read anything!