364 million verdict against the trumpster
- Thread starter kurt cloverdales
- Start date
Where's the AG all those years? Where's the SDNY? Apparently they only care about big banks but not the average Joe.
I assume it’s more common bc NY is a finance and investment hub
One of the reasons Engoron came down so hard on Trump is (for lack of a better term) his lack of remorse and his propensity to be a repeat offender. A financial monitor (chosen by both parties) was put in place a year ago. Retired Federal Judge Barbara Jones was appointed by the Court after both parties submitted her as a suitable choice. She filed her report with Engoron last week (which is why the verdict was delayed so long) and what she reported had a great deal of import on the penalty...
Trump Organization monitor flags errors and financial misstatements ahead of ruling in fraud case
The report was issued at the request of Judge Arthur Engoron to summarize the 14 months of the Trump Organization's independent monitorship.
The previous examples of Trump U and the Trump Foundation had a major effect as well...
"The judge said Trump and his companies' past run-ins with the law were part of the reason for the stiff penalties. The Trump Organization was found guilty of criminal tax fraud in 2022. Two other entities Trump ran previously settled allegations of wrongdoing brought by New York state."
Criminal prosecutions by state AGs sounds like what only the goofball state AGs do, you know, Rokita for instance.
These civil cases are based on consumer fraud statutes. . Consumer protection has become an important function of AG offices. To my knowledge they are filed in connection with consumer fraud, like Trump University, or Fly-by-Night vacation clubs. . These are filed to recover consumer losses and to enjoin shady dealings. . I’ve never seen a case like this one where tables are turned and the perp is a customer and nobody was defrauded resulting in a loss.
Trump does not act like anyone you know in Washington, Indiana. Why do you worship him?
Trump is the wannabe dictator.
Trump's vow to only be a dictator on 'day one' follows growing worry over his authoritarian rhetoric
Donald Trump's assertion that he would only be a dictator on “day one” comes as he is facing scrutiny over his increasingly authoritarian rhetoric.
apnews.com
Why do you worship him?
I don’t worship Trump. Every American should fear the weaponization of the legal system.
Who was the victim here? The banks loaned the money and were happy with the results.
No they didn't.
They said he gave them false financial statements and refused to be his bank any longer. They lost no money because they refused to do business with him any longer.
Or send out yet another appeal for $20 donations from his gullible followers.
Correct. Because, as I said, he wasn’t reported, because he made it too difficult. Everyone was afraid of him. You really think it’s ok to treat people who did work for him that way?
Wow. Smalltown values in Washington, Indiana, sure are different than they used to be.
And, to think, some people think Donald Trump is a bigtime robber baron from New York City. Apparently, Stoll thinks he's the Mayor of Mayberry.
Especially when you've lied to the world about how much money you actually have.
Not sure the relevance other than your bleating. Trump doesn’t know or care about you. Your anger is a waste
The bank made a lot of money from Trump. They were whale hunting for more loans with his friends and acquaintances.
I’ve been on multiple bank boards and loan committees within those boards. Every single financial statement with assets shown at FMV were adjusted downward by the bank when analyzing a loan related to the customer or potential customer. It was the bank loan department’s job to do their due diligence on all loan applications.
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www.nytimes.com
Nope. Can't stand the guy. But funny how, only recently, anyone cared. And to get him, they get a judge that rules before hearing evidence.
There's has been lots of stuff on which to nail Trump over the years. This was a true witch hunt.
Cases like this one are not common anywhere. The NY AG ran on the promise to end Trump,. Her only way was to use a consumer protection statute for a purpose for which it wasn’t intended. Kinda like the Colorado Secretary of State using a constitutional provision directed at confederates against Trump and Smith dusting off a never used KKK statute against Trump.
It's close, but he might be able to close the merger just before it would be subject to NY court supervision:
I don’t think bank examiners would allow a bank to use a FS at face value. Correct?
Also FS‘s are not collateral or security.. If the bank takes real estate as collateral, a whole different set of rules apply.
Is that what a BitchCoin looks like?
Now selling for an all time low cost of $1000 per coin. All proceeds will go to your favorite billionaire victim so he can pay off his fines.
Business financial statements are presented on a cost basis.
Personal financial statements are market value. They include notes showing the balance sheets of entities owned by the applicant. The assets on those balance sheets are adjusted to market value. The notes clearly state whether the applicant determined the FMV or if independent appraisals were used.
Same type of notes for other assets and properties owned.
You don’t understand why a small business would not want to go against Trump Organization?
Jared is done with Donald:
Apparently, Kushner thinks it's more fun to get screwed by Ivanka than by Donald.
..... but, you do admit they stopped doing business with him.
An ex-President but they won't do business with him. Sounds like they're wide awake now.
No. I don't understand why the state AG, let me repeat that, as you have failed to comprehend that information the multiple times I have stated it - why the state AG or SDNY would not "go against" Trump only until he wants run for President a second time? Now, try to stay on topic with the terms AG and/or SDNY. Can you do that?
Stoll can't legitimately post his support for Trump in Post No. 5 without doing just that.
That's the thread you just joined.
I guess we are talking past each other. I quite realize you are focused on the AG. I neither know, nor care, why someone didn’t try to get his cheating a$$ before now. I’m just happy the roosters have finally come home to roost.
