Posted on 01/19/2022 12:21:06 AM PST by knighthawk
New York's attorney general is seeking a court order to force Donald Trump and his two oldest children to testify in their fraud case, stating that she has 'uncovered significant evidence' of financial misconduct.
Letitia James has since March 2019 been looking into the tax affairs of the Trump Organization, after former Trump confidante Michael Cohen shed light on its business practices.
James is looking at whether the Trump Organization inflated the value of its assets in a bid to claim tax relief.
(Excerpt) Read more at dailymail.co.uk ...
But nothing on that ugly faced De Blasio wife who ‘lost’ $850,000,000 of taxpayer money and hasn’t had to answer for it?
If you applied for a mortgage I a sure you presented a profile of your net worth. This would have included your assets and liabilities.
You probably had to produce documentation about this stuff.
In some cases you list out the assets and your estimate of their worth. Knowingly supplying fraudulent information on those in which is “meaningful” would allow the bank to refuse a loan, or cancel a loan. It would open you to civil litigation.
I doubt that the three officers of the company they are asking had little to no involvement with establishing the value of anything.
Sometimes I think there is an mental image of the Trumps sitting in their office, sleeves rolled up, filling out forms with a pencil, eraser, and calculator completing a loan application.
That’s not how any of this works.
My son flipped a house in Nashville. It was a fairly old house , still solid but needed a lot of work. When it was over the bank appraised it at $250k but would nay loan $225k. I wonder if this couldn’t have to do with income evaluation of property?
The only “net worth” my mortgage bank cared about was my liquid assets — checking and savings accounts, and investment funds outside retirement accounts.
And I am sure you had to provide statements.
If you said you had a million in assets...and the bank discovered that during the process, my guess is the bank would not be happy.
Is it a “crime.” Only if they can prove fraud. It would be a cause for withdrawing any offer or foreclosing on an existing loan.
The issue here is that I think I read they were using the “inflated valuations” to get some sort of tax relief. I am not sure how that works—but fraud on a state or fed document is a bad thing.
But, as I wrote before, the three people in question might have their signatures on the docs, but I doubt very much they knew the valuations, instructed anyone to lie, or files an obviously false document.
But we all know that if you are not 100% accurate on government documents, they can nail you to the wall.
I don't think a bank would even be able to pursue a fraud claim in CIVIL court unless it could demonstrate that it had suffered a material loss as a result of my misrepresentations. If I default on the mortgage, for example, then they can sue me in civil court and perhaps even refer me for criminal prosecution. But if I make every payment on the loan and meet all the terms of the loan agreement until the loan is paid off, then the bank probably has no legal standing to take action in civil court.
Some banks didn't even care about that prior to the 2008 GFC. I am old enough to remember NINJA loans..
I think this has to do with inflating asset values for a tax benefit.
I am sure the details will come out. But again, Trump never would have calculated this stuff.
IQ of a doorknob.
The team of accountants and attorneys who filled out this paperwork for the Trump organization are undoubtedly very good at their jobs.
This is for propaganda purposes only.
James identified a suspect in Trump and has been trying to find the crime to match him with ever since.
Pelosi's insider trading is not illegal. For her, anyway, and other members of congress.
They wrote the law that makes it legal for them and illegal for everybody else.
It's that old plantation mentally. People like James and Donna Brazile can't shake the good "house n*gga'" syndrome. They's jus' doin' the dirty work dat the white massa' don't wanna' do.
They started investigating him the day he threw his hat into the political ring. That was in June of 2015. Over six years ago...and still nothing.
What about all that house appraisal during the “Country Wide” house loan era?
As shown in the movie “The Big Short”?
Who bailed out whom after that?
Mortgage fraud is a classic way to take down politicians. You get discovery of their financial lives, which doesn’t prove what you sought to prove (bribery or other corruption) but does prove that a mortgage application failed to disclose that the politician was given his down payment by his mother-in-law, or overstated income, etc.
I believe the state of NY did ‘investigate’ the Clinton Foundation and found it to be a model ‘charity’ in spite of the fact that it had to refile tax returns for several years. Kind of like how Cuomo was considered the ‘gold standard’ of China virus response.
Or how James Comey “investigated” Hillary over the 110 violations of the espionage act where only gross negligence is required for a conviction. If 110 times isn’t grossly negligent, what is? 111 times? That’s a life sentence BTW as each count is a 10 year jail term and he laughably claimed no “no reasonable prosecutor would bring a case” Yeah because they would probably end up committing “suicide” and we ended up with this multiple felon almost taking the White house and after she lost she committed ANOTHER criminal act against the USA by creating a fake Russia collusion hoax!!
Trump should immediately sue this bitch for everything she’s got.
Who does she think she is, a real estate expert??
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