New York judge finds Donald Trump liable for fraud

Sprout said:
I recently went through the process of getting an protective order (which was denied)

The fine line is saying that “he should be executed” vs “I will execute you.”

The former is not considered a threat whereas the latter is.

It might be different with a public figure.

One thing about DT, he knows how to push boundaries.
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Indeed he has used mob tactics learned from his mentor Roy Cohn amongst others but his track record of stochastic terrorism is piling up.

I suspect he is baiting the judges trying to get them to do something he will get reversed and make them look biased.

I expect they will give him a little more line to double underscore a pattern of behaviour in breaching the agreement before reeling him in.
 
Spike Trader said:
''It's the banks fault''...


'Buyer beware': Trump blames banks that loaned him money after devastating fraud ruling

"In addition to the fact that my Net Worth is much greater than the number shown in the Financial Statements, there is a POWERFUL Disclaimer Clause (some call it a 'non-reliance clause,' others a 'buyer beware clause'), BOLDLY STATED on pages 1 & 2, explaining that there should be no reliance placed on these Financial Statements, but instead everyone should do their own independent research, analysis, and due diligence," Trump posted on Truth Social.
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Yeah.. Just he bribed his bank's private account manager with a Kushner apartment and more.

Of course she has gone missing.
 
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New York Times: “He now faces not only the prospect of having to pay $250 million in damages, but he could also lose properties like Trump Tower that are inextricably linked to his brand.”
 
gwb-trading said:
Yet all the instances of Trump demanding lower tax values for his properties in New York including hiring lawyers to demand lower tax assessments -- while at the exact same time he was telling banks that the properties were worth over 10 times what he demanded the tax assessment value be. Let's just ignore all of these examples over a long period of time.

It's one thing to appeal a tax valuation on your home or property to a local government -- many homeowners and property owners do this seeking a lower assessment. In this process the local government reviews the valuation and arrives at a new figure (hopefully lower). What Trump did was totally different -- he demanded that properties be assessed at unreasonable low figures and he provided the "required value" of the assessment -- while at the same time telling banks the property was worth much more. BTW -- the judge's ruling touches on this.
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my house is assessed at 40percent of what I paid.
My mortgage is reflective of the actual amount I paid.

how is this different other than trumps intervention?
 
newwurldmn said:
my house is assessed at 40percent of what I paid.
My mortgage is reflective of the actual amount I paid.

how is this different other than trumps intervention?
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Did you tell your bank when getting a loan that it is worth more than 10 times the value you told the tax appraiser to value it at for that year. There are some limits to realistic offset between mortgage property value and property tax valuation (which tends to be lower).

Also there are different standards used for setting assessment value that vary by state and locality -- plus many properties are re-assessed only every 10 years or so. Some states/localities sets the new valuation to the property sale value when the deed changes hands -- while others do not.

Many houses in our area of North Carolina are typically appraised for property tax value at about $100K below the value given on Zillow. However this difference is very different than claiming your property is worth over a billion to a bank while simultaneously claiming that a $26M assessment is too high for property taxes.
 
newwurldmn said:
my house is assessed at 40percent of what I paid.
My mortgage is reflective of the actual amount I paid.

how is this different other than trumps intervention?
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It’s industry standard to have a lower tax assessment than the RMV of your home. It’s to weather the ups and downs of market values that naturally fluctuate.

That’s not the issue. His financial statements have sqft fluctuations for the same tax lot - that’s fraud.

Not even including the RMV per sqft, He claimed taxes on 10k sqft yet prices the same tax lot using 30k sqft as the basis for loan collateral.
 
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