I’m just going to assume you don’t know very much about what’s going on with this case.
“I’m just going to assume you don’t know very much about what’s going on with this case.”
And assuming is not real sound.
Trump and his company massively overvalued his assets, creating “a fantasy world” on the financial statements he gave to banks and others, Judge Arthur Engoron found in the lawsuit brought by the New York attorney general.
Trump’s Florida Mar-a-Lago club, for example, was overvalued on one financial statement by as much as 2,300%, the judge found.
The former president also lied about the size of his Trump Tower penthouse apartment, claiming it was nearly three times its actual size and worth $327 million, according to the ruling.
The exaggerated picture of Trump’s wealth got him more favorable loan terms and lowered insurance costs, the attorney general argued.
That discrepancy from a real estate developer describing his own longtime home “can only be considered fraud,” the judge wrote.
He created false financial statements, he accepted loans on false terms that he lied to get, thus he defrauded companies out of money he would have had to pay. And that’s why the law is there.
Under the ruling, limited-liability companies that control some of his key properties, such as 40 Wall Street, will be “dissolved” and authority over how to run them handed over to receivers. So employees were sent packing.
The judge’s order, if not successfully appealed, could mean Trump would no longer have any say in who to hire or fire, who to rent office space to, whether to pay back loans or take on new ones, essentially make any decision in New York state. And this will go on a credit report that could place other properties into investigation in other states possibly terminating others under his employ.
Clinton lied under oath and was not charged or impeached for perjury and he got off scot free. Trump lied contractually and they prosecuted him and people are saying that’s wrong. Please make up your minds. Either we have laws to protect people, or we don’t.
Will I still vote for him...yes. But he broke the law so he is paying the price. And with the numbers he works with, it isn’t that much. But saying others do it to let him escape the law is not the answer either. It all comes down to two wrongs...
Wy69