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To: Thank You Rush; Lockbox
What does “insurance” have to do with that complaint and what does SFC stand for? Count me lost!!

In this context, SFC is a Statement of Financial Condition. It's similar to a balance sheet.

MSN gives this explanation:
"His 2021 statement of financial condition – the documents at the centre of the fraud case, and the most recent available from the trial – stated that he had roughly $294m in cash, a figure that New York Attorney General Letitia James alleges is inflated." from https://www.msn.com/en-us/news/politics/how-trump-can-appeal-his-fraud-verdict-and-if-he-can-afford-it/ar-BB1ix04P

I haven't read Engoron's decision so I don't know how an allegedly inflated SFC fits into dealings with the insurance companies. I would think it would relate more to the AG's argument that Trump induced banks to give loans that they otherwise wouldn't give. That's just the view from here in the cheap seats, though. I personally don't deal with financial issues that have this many commas.
107 posted on 02/20/2024 10:49:47 PM PST by Eagle Forgotten
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To: Eagle Forgotten

“Insurance companies” Was me, the SFC showed up under insurance when I Googled. Unsure if insurance is involved with Trump.


108 posted on 02/20/2024 11:05:46 PM PST by Lockbox (politicians, they all seemed like game show hosts to me.... Sting…)
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To: Eagle Forgotten

Thank you for that. A Balance Sheet I understand, having worked as a bookkeeper for more years than I care to admit to. I don’t understand the insertion of “insurance” into the situation at all but I can live not knowing. There will be a dozen more things that will come up today that I fail to understand. Have succeeded this a.m., getting a new cartridge into my printer when it didn’t fit last night...maybe the rest of my day will go well and hope yours does also.


124 posted on 02/21/2024 7:26:27 AM PST by Thank You Rush ( )
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To: Eagle Forgotten

See Post #69 - possibly SFC is “Suspected Fraudulent Claim”...who knows except the person who used the term in the article, I guess. But as the poster said, an insurance claim would have nothing to do with what the charges were all about... All interesting anyway.


126 posted on 02/21/2024 7:32:24 AM PST by Thank You Rush ( )
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