The value of Mar-a-Lago according to Eric Trump
- Thread starter AProudLefty
- Start date
Overvaluation of his real-estate is how trump co got into trouble in NYC and why his accountant went to prison. He tries that in Florida - he'll meet the same fate.
Guilty of persistent fraud. Including Mar a lago.
The fraud case, idiot, is not about taxes. It’s about inflating value to fraudulently obtain loans.
Note to gomer. Banks base their loans on the actual value of the property, not what the owner determines it to be.
Persistent fraud. Guilty.
A pattern of fraud over a period of years.
Too bad you weren’t his attorney. I’m sure a person with your expertise would have gotten Trump off of all charges.
What do you think the penalties will be for this non-existent fraud will be, Nostradamus?
They do not. They do for those who can easily be verified, but Trump was not investigated. Trump claimed his apartment in NY was 3 times as large as it is. He overvalued Mira Lago by as much as 2300%. He claimed asset values that were way overboard. You are covering up for Donnie, but doing it badly.
Nordberg. Cities and counties base their property tax based on THEIR assessment of the value of that property. Banks will not give loans based on 2300% of that very public value.
Now, if you can show me Trump was paying property taxes on the 2300% value that the county determined, I have no problem.
Eric should be making plans to become an inmate for a year or so.
Boy, is HE going to be disappointed when Papa Tangerine kicks the bucket and he finds out that his inheritance is bupkes.
You are talking at your level. That is not trust for the super-rich. The dishonest evaluations of Trump were about loan collateral. He wanted to make his financial situation to appear more stable than it was. Then when taxes came, he underevaluated his properties by a ton. That is against the law. Many people do that and it is tolerated because the IRS cost in man hours to actually assess properties would be crippling. The judge in NY acted because he had never seen financial lies at Trump's scale.
The Dems wanted to increase that manpower in the IRS to deal exactly with that problem. I bet if you tried hard, you could figure out the Republican Party and Trump fought the IRS expansion so hard. The party works for the wealthy and corporations and uses people like you to vote against your own interests.
Any Bank that would give ANYBODY a loan based on property that the customer valued at 2300% ABOVE the property assessment, they are the one that should be going to jail.
mar-a-largo is not a residential property, so no, it could not be.