Posted on 01/22/2022 11:45:11 AM PST by GrandJediMasterYoda
Trump lied about value of business empire — and size of his Trump Tower penthouse, AG James says
Lies about size matter.
Former President Donald Trump and his children have lied about seemingly everything in the Trump Org empire — from the size of the patriarch’s luxury Manhattan penthouse to the value of properties around the globe — in order to score an array of financial benefits, New York Attorney General Letitia James charged in bombshell court papers.
The lies to banks, government agencies and other regulators were “part of a pattern to suggest that Mr. Trump’s net worth was higher than it otherwise would have appeared,” attorneys with James’s office wrote in the Manhattan Supreme Court petition filed late Tuesday.
The misleading missives helped Trump fraudulently obtain loans, tax deductions, insurance coverage and other economic perks, James charged.
One of the most egregious alleged examples of the family’s “misstated objective facts” could be found at the top of the twice-impeached former president’s Midtown Manhattan skyscraper.
(Excerpt) Read more at nydailynews.com ...
“did not deal” = “dealt”
I can say my house is worth 3 million dollars, prove me wrong!
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The ask is one thing, the offer is another.
I think Trump actually testified before congress about these tax law changes, said it would hurt the real estate industry.
Filling out forms is most often rough guesstimating.
Bottom line is that it’s the responsibility of the lender to cjeck the figures that most put in from memory.
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