“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
"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.
Why are you accepting the words of a hostile judge that found Trump guilty before the trial? The judge already had massively UNDER-estimated the value of Mar-a-Lago. His subjective opinion was that Trump's property values were overstated. Trump's companies routinely included a "brand premium" in their property valuations, which the Trump brand does carry and support. When they sold properties, they were routinely sold for MORE than they were on the books for. There is literally no proof of any over-statement of values.
"Trump’s Florida Mar-a-Lago club, for example, was overvalued on one financial statement by as much as 2,300%, the judge found."
Same as above. In the Mar-a-Lago example, the judge said it was worth only $18 million, while real estate experts valued it in excess of $1 billion. Vacant land in Palm Beach, running the full width from the inter-coastal to the ocean is worth more than $18 million.
"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.
Explained at trial - it was a 3-story apartment of 10,000 sq. ft. This was mistakenly taken to mean 3 10,000 sq. ft. floors, totaling 30,000 sq. ft. It was self-corrected long before the charges were brought.
The exaggerated picture of Trump’s wealth got him more favorable loan terms and lowered insurance costs, the attorney general argued.
The banks did their own due-diligence, applied their own valuations, and set lending rates accordingly. You'd have to explain further why you believe this got him more favorable loan terms. Likewise, you'd need to explain further why insurance costs would be lower on a higher valued property.
That discrepancy from a real estate developer describing his own longtime home “can only be considered fraud,” the judge wrote.
Again, why are you believing any of this rogue judge's musings?
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."
See ALL of the above. NONE of what you say here is true.
You’re sort of an idiot.