Leteicia James has been

Poor Richard Saunders said:
LOL. It will be interesting to see when this gets to an actual court. Because a court will look at the actual documents and the actual facts of the case including the law she allegedly violated as well as the circumstances leading up to her indictment.

Just so you know, she took out the loan in 2020 so she has not defrauded the government of $18,000 dollars as alleged in the indictment.
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I have seen photocopies of the document on a Black Lawyer's site where he discussed them at length. He says she is screwed.
 
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FastLane said:
I have seen photocopies of the document on a Black Lawyer's site where he discussed them at length. He says she is screwed.
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Really? You have seem photocopies of the documents? The government didn't even bother to include the documents in their indictment so how does he even know if he has the correct documents?

By the way, he couldn't legally have her tax documents so I wonder how he got them.
 
Poor Richard Saunders said:
The assessor values property based in similar properties. Mar-A-Lago is not a private residence. What you are avoiding is the fact that Trump committed fraud by claiming its value as if it was a private residence.

The value of $18 million is not something the judge or James made up out of thin air. It is the value assessed by Florida.
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Yep it is Florida that came up with that value. Real estate appraisers have a much higher value.
 
FastLane said:
Yep it is Florida that came up with that value. Real estate appraisers have a much higher value.
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One of the other things Trump did was he had some of his property valued by a real estate appraiser and then Trump inflated the value far above what that appraisal came in at when telling lenders the value of the properties.
 
T. A. Gardner said:
There was no victim. The banks / bank officials testified as much. The loans were between private individuals. The government wasn't involved.

Who was the victim and how much did they lose?

$18,990 and change. Trump didn't take anything from anyone. Private banks made a deal to loan him money at a specified set of terms. The government wasn't involved. The banks said the loans were paid in full.

In Jame's case, she was getting government backed mortgages and by lying on the forms she got better terms and bilked the government out of interest and fees they charged others for the sort of loan she should have gotten. Further, the forms said lying on them could result in criminal charges.

So, how much of a loss is small enough that it doesn't matter, $18,990? How about $10,000? $5,000?
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haha what bunch of lies.

in both cases the BANKS who gave the loans lost out on interest at a high rate, if you believe the filing against James.

But because she made all her payments there was no victim in James case as well, according to magat logic.

Your spin and lie goes no where Terry. The Bank got all its payments and if they suffered loss because the interest rate should have been higher then so to did Trumps banks EVEN IF THEY SAID THEY WERE OK WITH AFTER THE FACT.
 
Poor Richard Saunders said:
In other words you are OK with Trump committing crimes. You just are upset when he is called to account for those crimes.

The reality is that the value of Mar-A-Laga was closer to the tax basis because of the way it is zoned. Trump committed fraud by claiming its value was as if it was zoned as a private residence when it was not.
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And it was worse with 7 Springs which was applying for rezoning, so they could build a bunch of mansions and other things on the property, ...had not got it yet, and yet in Trumps application for the loans he submitted it with the rezoning approved the Mansions and other upgrades complete.

Trump lied and added a the majority of that property value when there was nothing there and no guarantee he would even get the zoning to build them.
 
FastLane said:
She got a federally backed loan and lied to get a more favorable mortgage rate.

The FHFA made the criminal complaint to the DOJ. They do the same thing to hundreds of other people who try to defraud them every year.
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NO VICTIM, NO CRIME!

signed FastLane
 
FastLane said:
Link? The tax assessor assesses the value not the owner. You can challenge the assessed value but in reality few people challenge the state to raise the value of their property. So what are you blathering about?
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The tax assessor valued Mar A Lago at X. Trump then sent his lawyers in to court to argue that it was worth less than X because he had committed to irrevocable trust where it could never be developed. Trump then submitted the property for a loan claiming it was worth about 10X based on his estimation of its worth rezoned to the highest residential in Florida. That is fraud when he knew he had no ability to get it rezoned.
 
FastLane said:
So they have the following evidence against James

A mortgage application for a home in Virginia where she swears that the hone will be use as her PRIMARY residence and that she personally will occupy it in less than 60 days and will use it as her primary residence for at least 12 months.

They have a home insurance application where she swears she is the primary resident of the Virginia home.

There are IRS documents where James lists the Virginia home as a rental property.

There is a second home in Virginia where James signs and swears that it is not a rental property

It is also listed as rental property on IRS documents.

James got a more favorable mortgage rate due to her lies. She saved about 1% on her mortgage interest rate.

Other evidence of lying on mortgages and insurance.

In New York she lives in a 5 unit apartment building. The maximum number of units to qualify for the government backed loan that she has is 4 apartments. She lied on that mortgage by saying the building only has 4 apartments.

She also lied on her home insurance as well in New York.

In both Virginia her lies have resulted in her getting more favorable insurance rates and more favorable mortgage rates.

The NY mortgage is beyond the statute of limitations but it shows a pattern of dishonesty.

Should Letica James not be indicted for he mortage fraud while many other Americans have been trialed and convicted for doing the exact same thing?


I have repeatedly asked Bartender if James was above the law and Bartender has dodged the question.

So what does JPP think should James go to trial?
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I happen to know for fact from prior post that @FastLane disagrees with you and has made it clear...

NO VICTIM, NO CRIME.

@FastLane please get in here and defend your prior principled stand that as long as payments were made and no money lost then there can be no crime.
 
FastLane said:
I was? Where?

James saved over 18K over the life of the loan by lying on her mortgage papers. She also saved on her insurance by lying on her insurance papers.

James says Mar A Largo is just worth 18 million dollars. It is really worth around a billion. There are 2 acre lots near Mar A Largo that are selling for 150 billion dollars.
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Trump saved countless millions and not just 18k by using fraud to get lower interests than he otherwise would have got without the fraudulent filings.
 
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