New York's attorney general on Wednesday asked a state judge to declare, even before the start of a trial, that Donald Trump committed fraud by submitting false statements to bankers and insurers and overstating his net worth by up to $2.23 billion.
She is seeking at least $250 million from Trump, his adult sons Donald Jr. and Eric, the Trump Organization and others, and to stop the Trumps from running businesses in New York.
The filing said Trump's reported net worth peaked at $6.1 billion in both 2018 and 2019, when he was U.S. president, but would have been no more than $4.2 billion had he arranged for "full blown professional appraisals" of his properties.
James said Trump should have valued his penthouse triplex in 2016 at $119.9 million instead of $327 million, and valued Mar-a-Lago in 2018 at $25.4 million, based on its restricted use as a social club, instead of $739.5 million.
James said Trump should have valued his penthouse triplex in 2016 at $119.9 million instead of $327 million, and valued Mar-a-Lago in 2018 at $25.4 million, based on its restricted use as a social club, instead of $739.5 million.
So basically the banks didn't do their job of appraising the item they insured, never had to actually pony up any real money, and this is Trump's fault?
Or they did, and it letitiia James that is wrong in the values . I'd put my money in the banks. Of course it is possible that they did not care that they were wrong. I suring valuable properties goes well for them. Overvaluation only bad when shit goes south.
It's worth noting she did actually name the crime here. Jewish lenders were prevailed upon to give lower rates to Trump based on his increased net worth.
Don't "fedpost" whatever that means. I always get the rules that are "don't". I have trouble with the ones that are "don't encourage other people to" because I'm not really in control of people's reactions. So if I say haha look government bad and irredeemable and someone else concludes that some sort of violence is a good a idea well there is not a whole lot I can do about that. Because I do not like to give the government ideas, I do not say that stuff. It's not implied or left unsaid. What to do about it is an exercise for the reader. Some judgement is called for.
This stupid bitch really is going to burn the entire city to the ground to spite Trump, isn't she?
Overvaluation of New York commercial real estate isn't a Trump problem, it's a New York problem. Suing Trump for this is putting the sword of Damocles over everyone's heads.
We aren't a nation of laws. It really is that simple.
You can’t make this shit up.
So basically the banks didn't do their job of appraising the item they insured, never had to actually pony up any real money, and this is Trump's fault?
Or they did, and it letitiia James that is wrong in the values . I'd put my money in the banks. Of course it is possible that they did not care that they were wrong. I suring valuable properties goes well for them. Overvaluation only bad when shit goes south.
It's worth noting she did actually name the crime here. Jewish lenders were prevailed upon to give lower rates to Trump based on his increased net worth.
Hey welcome back again.
Don't "fedpost" whatever that means. I always get the rules that are "don't". I have trouble with the ones that are "don't encourage other people to" because I'm not really in control of people's reactions. So if I say haha look government bad and irredeemable and someone else concludes that some sort of violence is a good a idea well there is not a whole lot I can do about that. Because I do not like to give the government ideas, I do not say that stuff. It's not implied or left unsaid. What to do about it is an exercise for the reader. Some judgement is called for.
it's a fucking retarded rule we never asked for
This stupid bitch really is going to burn the entire city to the ground to spite Trump, isn't she?
Overvaluation of New York commercial real estate isn't a Trump problem, it's a New York problem. Suing Trump for this is putting the sword of Damocles over everyone's heads.
I, for one, think it'd be funny if the city of New York loses $8T in "value" overnight.