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Trump lied about value of business empire — and size of his Trump Tower penthouse, AG James says
NYdailynews.com ^ | 1/22/22 | By Noah Goldberg and Chris Sommerfeldt

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 ...


TOPICS: Chit/Chat
KEYWORDS: chrissommerfeldt; letitiajames; newyorkdailynews; newyorkdailynudes; noahgoldberg; trump
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I'm no expert in finance and loans, but don't banks have auditors, assessors who go over this stuff before giving the OK to a loan? A person must give exact numbers even though the valuation can fluctuate day to day?
1 posted on 01/22/2022 11:45:11 AM PST by GrandJediMasterYoda
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To: GrandJediMasterYoda

But how can a liar prosecute lies while lying?


2 posted on 01/22/2022 11:47:29 AM PST by reasonisfaith (What are the cosmological implications if the Resurrection of Christ is a true event in history?)
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To: GrandJediMasterYoda

These lying attorneys are the worst


3 posted on 01/22/2022 11:49:43 AM PST by Nifster (I see puppy dogs in the clouds)
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To: GrandJediMasterYoda

And still, he’s the overwhelming favorite for president. Much more since this week’s last public ‘speaking’ performance by the illegitimate White House occupant.

They gotta keep trying.


4 posted on 01/22/2022 11:50:17 AM PST by stanne
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To: reasonisfaith

Yep. I love how she let’s Cuomo off the hook after mass murdering 5000 elderly people, but Trump takes a guess on the size of his penthouse and she acts like she caught Hitler in the bunker.


5 posted on 01/22/2022 11:51:20 AM PST by GrandJediMasterYoda (As long as Hillary Clinton remains free, the USA will never have equal justice under the law)
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To: GrandJediMasterYoda
The misleading missives helped Trump fraudulently obtain ... tax deductions

Neat trick, that.

 face with tears of joy face with tears of joy face with tears of joy

The retarded ghettopotamus is talking out her Obama.

6 posted on 01/22/2022 11:53:29 AM PST by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: GrandJediMasterYoda
Hey Ms. James: What about THIS and the Clinton foundation? The Clintons are NEW YORK RESIDENTS unlike Trump!


7 posted on 01/22/2022 11:53:46 AM PST by GrandJediMasterYoda (As long as Hillary Clinton remains free, the USA will never have equal justice under the law)
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To: GrandJediMasterYoda

Loans are based on banks appraisal
Tax is based on cost and county assessment
Insurance is based on their valuation
What are they talking about?


8 posted on 01/22/2022 11:53:57 AM PST by joshua c (Dump the LEFT. Cable tv, Big tech, national name brands)
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To: GrandJediMasterYoda

Then 99% of Democrats are in really big trouble


9 posted on 01/22/2022 11:54:06 AM PST by butlerweave
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To: GrandJediMasterYoda

Their hatred is coming to the forefront.


10 posted on 01/22/2022 11:54:13 AM PST by TBP (Decent people cannot fathom the amoral cruelty of the Biden regime.)
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To: GrandJediMasterYoda

Mouth-breathing retards like Letitia “Ghettopotamus” James gonna retard.


11 posted on 01/22/2022 11:55:45 AM PST by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: GrandJediMasterYoda

Who cares. Really.


12 posted on 01/22/2022 11:57:36 AM PST by Eleutheria5 (Buck Foe Jiden!)
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To: GrandJediMasterYoda

Yeah, any bank would do their own appraisal.

Trump may have been able to influence the bank’s own estimates, but it’s up to the bank to determine the value of the collateral being offered.

If Trump overstated actual revenues or profits that would be fraud. But I’m sure any statements he gave banks were audited.

Trump saying, I think this property is worth $100 million, wouldn’t go very far, unless Trump can make a reasonable case that similar properties have sold for comparable prices.

And if Trump can make that case, then it’s not fraud.


13 posted on 01/22/2022 11:58:18 AM PST by DannyTN
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To: joshua c

Wow! So she is talking out her butt then. This is unbelievable what this man has been going through, they just will not stop. Don’t democrat voters see this? Doesn’t it ring even slightly odd to them why Trump is being so incredibly harassed like this for the past 5 years?


14 posted on 01/22/2022 11:59:54 AM PST by GrandJediMasterYoda (As long as Hillary Clinton remains free, the USA will never have equal justice under the law)
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To: GrandJediMasterYoda

“Lied” to who, and how is that Your Business???

If the banks were satisfied with his valuation how the hell is she able to step in and call it a lie?

And where is that criminal behavior? Are the banks pressing charges?

Trump needs to sue her for every penny she’s got


15 posted on 01/22/2022 12:00:24 PM PST by Mr. K (No consequence of repealing obamacare is worse than obamacare itself)
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To: GrandJediMasterYoda

Yes…. Any bank extending loans without doing appraisals should be investigated.


16 posted on 01/22/2022 12:02:05 PM PST by kjam22
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To: GrandJediMasterYoda

Geez if that is a criminal act, you’d have to arrest every house flipper everywhere..I can say my house is worth 3 million dollars, prove me wrong!


17 posted on 01/22/2022 12:03:41 PM PST by Sarah Barracuda
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To: GrandJediMasterYoda

Leads one to speculate what kind of system could possibly allow such a dearth of morality to become attorney general.


18 posted on 01/22/2022 12:04:02 PM PST by reasonisfaith (What are the cosmological implications if the Resurrection of Christ is a true event in history?)
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To: GrandJediMasterYoda

This is unbelievable what this man has been going through, they just will not stop. Don’t democrat voters see this? Doesn’t it ring even slightly odd to them why Trump is being so incredibly harassed like this for the past 5 years?


Meanwhile the “ big guy” and son are more than likely guilty of much more and nary a concern...


19 posted on 01/22/2022 12:05:02 PM PST by patriotspride (Third generation Vet. Never forget the true cost of freedom)
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To: GrandJediMasterYoda

Letitia sure knows how size matters. She probably sleeps with a baseball bat. And not for protection


20 posted on 01/22/2022 12:05:46 PM PST by Wilderness Conservative (Nature is the ultimate conservative)
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