New York attorney general adds 'criminal capacity' to probe of Trump Organization

Poor Richard Saunders said:
Hmm... So you think it is not a crime to provide false information to a bank because the bank is supposed to do it's own assessment? I suggest you try going to a bank and signing a document saying your house is worth 2.5 times it's actual value and see if they think it violates 18 U.S. Code § 1344 - Bank fraud

But then you failed to address the insurance fraud and the tax fraud which are part of the allegations.
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I have no idea about the insurance fraud allegation. Maybe you can inform me. Guaranteed if I go to a bank and sign a document claiming my house is 2.5 times it’s worth it would never get past the bankers trash can. They’re not that stupid. They simply don’t make risky loans based on false information.
The tax fraud I addressed.
This is going nowhere like the Mueller investigation and the two impeachments. but keep hoping. Maybe your dreams will come true someday.
 
Truth Detector said:
What part is FAKE information dumb fuck? Do you have anything to back your bullshit up with? Or is it just that the PHONY Trump hating media told you so? Try to be less of a dumbass. :palm:

For the uneducated dumbasses on the left; it is very common to use HIGHER "estimates" to secure loans on property. It isn't criminal. If it were, everyone would be in jail at some point. Try to be less uneducated dunces. Keyword; ESTIMATES. No one ever knows the exact value of RE until you actually SELL it. :palm:
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Try to teach a pig to fly TD. You have a better chance than with this dunce.
 
anonymoose said:
I have no idea about the insurance fraud allegation. Maybe you can inform me. Guaranteed if I go to a bank and sign a document claiming my house is 2.5 times it’s worth it would never get past the bankers trash can. They’re not that stupid. They simply don’t make risky loans based on false information.
The tax fraud I addressed.
This is going nowhere like the Mueller investigation and the two impeachments. but keep hoping. Maybe your dreams will come true someday.
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Whether the bank falls for it or not doesn't matter when it comes to bank fraud. It's like arguing you didn't commit a crime if the teller doesn't give you money during a bank robbery. The crime still exists in both cases.
 
bankers trash can. They’re not that stupid. They simply don’t make risky loans based on false information.


LMFAO. You have a short memory. The entire Bush real estate crash was BECAUSE they make such loans, then bundled them and sold them as securities and they all were junk bonds rated higher than the value by S&P. There were fucking movies made about how they were doing undocumented RE loans and the underwriters were all asleep at the wheel.
 
Poor Richard Saunders said:
Whether the bank falls for it or not doesn't matter when it comes to bank fraud. It's like arguing you didn't commit a crime if the teller doesn't give you money during a bank robbery. The crime still exists in both cases.
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And large office space is more complicated. But this one Trump is going down for. When you hand one appraisal that says $10 to IRS and the next day hand a lender one that says $20
the only question is did you commit fraud once or twice. Anonymoose CLEARLY knows nothing.
 
archives said:
This from the poster who was supposedly taking bets from anyone saying that Trump wouldn’t win in a landslide
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...fuck, TDAK is discredited by virtue of his rates of voluminous thoughtless spam apart from any other consideration

sorry Truth Detector
 
ThatOwlWoman said:
I really like this part, don't you? From your CNN link:

"In an increasingly serious sign for former President Donald Trump, the attorney general's office is working with the Manhattan district attorney's office, whose wide-sweeping probe into the Trump Organization has looked into whether the company misled lenders and insurance companies about the value of properties and whether it paid the appropriate taxes. James' notification to the organization brings a new level of potential legal risk to the former President, with the attorney general now able to seek criminal penalties as part of the probe."
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It's about time that Trump faces the music.
 
Micawber said:
And large office space is more complicated. But this one Trump is going down for. When you hand one appraisal that says $10 to IRS and the next day hand a lender one that says $20
the only question is did you commit fraud once or twice. Anonymoose CLEARLY knows nothing.
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The bank fraud is more likely to be charged in my opinion. But it ends up being a lot more complicated than that. It isn't uncommon for a tax appraisal to be 20% off from a bank appraisal so simply have different values isn't always an issue.

It appears there are 3 different times that Trump set the price of his properties for transactions.
He argued they were lower in order to reduce property taxes.
He argued they were higher to take out loans
He also argued the value was higher when he donated the property as a tax write off.

One of the questions is going to be who did the appraisals, were the appraisers corrupted in some fashion, and how and when were the different appraisals used for Trump's advantage.
 
anonymoose said:
So basically you’re saying the banks are the ones who are criminally liable for undervaluing trumps property yet they lent him money based on overvalued property.
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I bet there's a meme you forgot to post. lol

I don't think you get it. Lying (undervaluing is considered "lying") about the value of your property in order to lessen the taxes you owe on your property is a crime. That is what the NYS and NYC AGs' offices are investigating. I doubt if they care what the lenders lent out or whether they're receiving timely payments. Their only legal interest is in discovering whether the Toadstool Crime Syndicate evaded paying what they legally owe.
 
ThatOwlWoman said:
I bet there's a meme you forgot to post. lol

I don't think you get it. Lying (undervaluing is considered "lying") about the value of your property in order to lessen the taxes you owe on your property is a crime. That is what the NYS and NYC AGs' offices are investigating. I doubt if they care what the lenders lent out or whether they're receiving timely payments. Their only legal interest is in discovering whether the Toadstool Crime Syndicate evaded paying what they legally owe.
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This guy is as thick as a brick.
 
ThatOwlWoman said:
I bet there's a meme you forgot to post. lol

I don't think you get it. Lying (undervaluing is considered "lying") about the value of your property in order to lessen the taxes you owe on your property is a crime. That is what the NYS and NYC AGs' offices are investigating. I doubt if they care what the lenders lent out or whether they're receiving timely payments. Their only legal interest is in discovering whether the Toadstool Crime Syndicate evaded paying what they legally owe.
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Well here we are again. Is this it? Finally?
 
anonymoose said:
Well here we are again. Is this it? Finally?
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We won't know until the investigation is done. My guess is the minimum is going to be a civil filing for taxes that were not paid. Whether it rises to criminal tax evasion or bank fraud we won't know until the investigation is done. What we do know at this point is there is enough evidence to support at least a hard look at the legality of the actions taken by the Trump organization. The problem with the legal case is much of the legal jeopardy requires showing intent. Trump can always claim stupidity as a defense and it would be hard for the prosecution to prove he isn't stupid. (Other than playing the clips of him claiming to be the smartest person ever but that would just be hearsay.)
 
Poor Richard Saunders said:
We won't know until the investigation is done. My guess is the minimum is going to be a civil filing for taxes that were not paid. Whether it rises to criminal tax evasion or bank fraud we won't know until the investigation is done. What we do know at this point is there is enough evidence to support at least a hard look at the legality of the actions taken by the Trump organization. The problem with the legal case is much of the legal jeopardy requires showing intent. Trump can always claim stupidity as a defense and it would be hard for the prosecution to prove he isn't stupid. (Other than playing the clips of him claiming to be the smartest person ever but that would just be hearsay.)
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Actually he reminds me of Hillary. Really leaves himself open for scrutiny but never really goes anywhere
 
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