Political discussions about everything
#137304
After Stewart slammed Trump, which showed Stewart knew nothing about the real estate business, it turned out that Stewart himself had vastly overstated the value of his own NYC casa.

In other news, the value of Clowntoker's postings on this fine forum were also overvalued by 829 percent over the past 78 years he has posted online.
#137312
No...his property sold what the based upon what the market is willing to pay for it.

If you knew anything about residential real estate the government assesses property values for tax purposes. And there is what the market is willing to pay for the property. Both values are independent of each other. Now Trump claimed Mar de Lago was worth 1.8 billion, but Trump's own company agreed with the assessed value by the government. The property was deeded as commercial not residential, which lowered his tax rate on the property. He deeded it as commercial to lower his tax rates.

Now it's fraudulent for Trump to claim his property is worth 1.8 billion, knowing very well that the property was deeded as commercial and assessed at the 25 million or whatever. And then lying to banks claiming it was worth some 500 million to get favorable loan rate.
#137313
The Engoron theory was utter nonsense and the entire case was merely "lawfare" designed to remove Trump as a political opponent.

Trump's loan applications had professionally written caveats at their beginning, and the lenders do their own due diligence anyhow.

The lenders were happy and repaid, and would be glad to do business again.

Nobody was defrauded, and Trump operated in the SOP for real estate investing.
#137319
Lying on a loan application is fraud. Trump lied on his loan application by overstating the values of the properties. Trump falsified the data so he could get favorable terms on the loan. That's fraud. Cut and dried no questions asked.

What is it that you don't understand? I'm not getting it?
#137320
Yes..and the banks took him at his word......and didn't bother to go out there and see if the properties even existed..
They just handed him the money , no questioned asked... Bad, Bad Trump..
But now New York says , "you don't owe the banks...you owe us.... :O :laugh:
#137321
Since everyone is apparently thrilled to loan Trump money, I wonder how much of his own money johnforbes would lend to Trump?

I bet the number is somewhere in the neighborhood of "none".

But I guess that makes sense because johnny sunk all of his liquid net worth into DJT stock at $77 bucks a share yesterday. And why? Trump supporter "due diligence" -- johnforbes simply believes everything Trump tells him.

Smooth move EX LAX.
#137331
sillydaddy wrote: Fri Mar 29, 2024 10:30 am Yes..and the banks took him at his word......and didn't bother to go out there and see if the properties even existed..
They just handed him the money , no questioned asked... Bad, Bad Trump..
But now New York says , "you don't owe the banks...you owe us.... :O :laugh:
If you knew any better Finanical institutions and investors rely on independent auditing firms to audit financial statements to ensure they are accurate. It's not worth the time, money and effort for any financial institution to audit Trump themselves, so they relied on Mazars accounting.

And apparently Trump was providing Mazars with fraudulent information. As the old saying goes, garbage in garbage out. So Mazars backed out and said that Trump's financial statements were not reliable because he misstated the values of his assets. Henceforth, that's why nobody would ever dare posting bond for Trump. What was is according to Trump? Some 30 or so? Ironically who knows if that is a reliable statement.....
#137335
Elkin knows that bankers have cold eyes.

They do their own due diligence, and they have to.

The lenders were repaid, they were happy to do business in the future with Trump, and there was no fraud.

Some sane appellate judge will overturn this ridiculous mess.
#137340
^^^^^^^ Wow, this is so simple that what eludes the flabby legal mind of johnforbes completely can be understood even by an ignorant child, apparently... :O :laugh: :laugh:

When will johnforbes start discussing crimes Trump is actually charged with as opposed to propaganda from his wacky Right Wing nutjob conspiracy sites?
#137366
johnforbes wrote: Tue Apr 02, 2024 9:19 am Elkin knows that bankers have cold eyes.

They do their own due diligence, and they have to.

The lenders were repaid, they were happy to do business in the future with Trump, and there was no fraud.

Some sane appellate judge will overturn this ridiculous mess.
Trump committed fraud by falsifying his financial records. There is absolutely no question about that.

So according to your logic if a someone were to lie on their mortgage application and they were still to pay if off, then that is not fraud? Therefore, also according to your logic, a viable defense would be to claim that the lender "was not harmed" therefore there is no crime???

And this is supposedly coming from the party of "law and order?"
#137367
Elkin, the elements of the crime were not present.

To be fraud, somebody must have been defrauded.

Nobody was.

Also, the judge (and Democrat fans of his) are revealing their ignorance as to how real estate works. What Trump did was SOP.

The lenders were repaid and happy. and willing to do business with Trump again.

No fraud, but a political prosecution by Democrats.
#137371
§ 175.10 Falsifying business records in the first degree.

A person is guilty of falsifying business records in the first degree when he commits the crime of falsifying business records in the second degree, and when his intent to defraud includes an intent to commit another crime or to aid or conceal the commission thereof.

Falsifying business records in the first degree is a class E felony.


According to the law Trump committed fraud by falsifying his business records. That is crystal clear. No questions asked.
#137373
elklindo, don't confuse johnforbes with something as abstract as "the law".

johnny's brain is incapable of comprehending it, as he demonstrates here on a regular basis. His idea of arguing the law is to make impotent ad hominem attacks on people who made him look like a fool.

Notice dimwit johnny can never cite any relevant statutes or rational arguments to support his purely partisan positions. He can't even grasp the charges filed against Trump and instead considers the substance of internet gossip site postings to be legal arguments.
#137375
Utterly absurd.

Bill C paid 850,000 to Paula Jones and nobody mounted some silly lawfare like this.

Stormy Daniels is on record as saying there was no affair.

Clowntoker is so dumb as to think citing some statute about fraud means there was fraud in the instant case.

The judge has to recuse under NY rules because a first degree relative stands to profit from the case.

His daughter is a leftist advocate who worked in digital persuasion for Kackling Kamala.

His wife donates to Act Blue.

Clowntoker merely acts out.
#137389
Generally speaking a 20,000 square foot rounding error on a 10,0000 square foot property is obviously fraud. And not to mention the fact that the Dozy Don signed off on the documentation indicating that it was 10,000 square feet. And also not to mention that is where he lived.

As if he didn't know that he was living in half acre condo???
#137394
For there to be fraud, somebody has to be defrauded.

In the instant case, nobody was.

The lenders were repaid and happy, and said they would be glad to do business again with Trump, who had merely conformed to the SOP of real estate.

A mind is a terrible thing to waste, and even though Elkin's mind is small, it is a shame he wastes it.

How small is Elkin's mind? Well, let's just say it is so small that the mice walk bent over.

And, speaking of walking bent over, Clowntoker walks that way after his wacky weekends of depraved deeds in fetid Frisco...
#137397
NY Penal Law § 170.10: Falsifying Business Records in the First Degree

Under this statute, a person is guilty of falsifying business records in the first degree if they, with the intent to defraud, make or cause a false entry in the business records of an enterprise, or alter, destroy, conceal, or remove any such record. The enterprise can be any type of organization, including corporations, partnerships, non-profit organizations, and government agencies.

The statute is designed to protect the integrity of business records and prevent fraudulent activities that could harm individuals, organizations, or the public. Examples of conduct that may be covered under this statute include falsifying financial statements, tampering with accounting records, or concealing information to misrepresent the true financial or operational condition of a business.
#137410
Of course there was intent to defraud.

Can't you read a simple fraudulent loan application, johnny?

Simply including a disclaimer that says "Of course I could be lying about all these numbers I've given you" does not get someone off the hook for lying, dummy.
#137416
"There was no intent to defraud,..."johnfuckingmoron

Sorry, you don't understand intent.

It isn't for some tedious troll on the insipid Interwebs to declare that, in their fevered love of Trump, they discern no intent.

See how it works, dimwit? My comment is every bit as valid as your completely unsupported comment.

If mine is not valid, then yours is not valid, so you're saying no one should pay any attention to your unsupported partisan stupidity.

At least we all agree on that, so that's something.
#137424
When you claim on your financial statements that...

1. Your property is 30,000 instead of 10,000 sq/ft.
2. Your building magically grew 10 floors.

That is intending to defraud a lender.

Try doing the same on your mortgage application and see how fast they will arrest your dumb ass.
#137425
The man is supposedly a wiz at real estate development, yet here's Dishonestjohn insisting with a straight face that Trump was honestly unaware that his own 10,000 square foot home wasn't 30,000 square feet.

Heck, even johnforbes would know the difference, and he's a complete moron. So what is he telling us about Trump?

"No intent" Criminy, what a fucking imbecile... Trump obviously knew it, and he intentionally lied about it on his application.
#137429
"Your 10,000 square foot home can easily increase to 30,000.
All you need to do is add on."-Dumfuckjohnforbes

It could, but it didn't, did it, johnfuckhead.

Or are you saying Trump has built a 69th, 70th, 71st, 72nd, 73rd, and 74th floor onto his 58-story Trump Tower that nobody knows about but you and Trump? :laugh:

Notice johnforbes is here claiming that Trump, a lifetime real estate developer with a Wharton degree, doesn't know the square footage of his own home to within plus-or-minus 1000 square feet. And that's who Dishonestjohn wants acquitted of blatant fraud and running America. :/
#137440
Let me explain some very simple mathematics to John Forbes.

Take numbers, the most basic is called an integer.

You see, the newfangled edifices called skyscrapers have a fixed number of floors after construction is completed.

Therefore a building that has 58 floors....has 58 floors. The building does not have 68 floors. Because 58 does not equal 68.

I hope that makes sense to you......
#137443
"Let me explain urban real estate to His Lordship.
Take Hong Kong, which is densely populated.
You don't build laterally, but upward.
These newfangled edifices are called "skyscrapers"..."-johnfibs


Incredible.

I was joking, but after explaining to us that he himself had built laterally a 20,000 square foot garage onto his own 10,000 square foot home as an example of how a 10,000 square foot home could easily grow to 30,000 square feet without the owner's knowledge, johnforbes actually returned to claim Trump had built "upward" a 69th, 70th, 71st, 72nd, 73rd, and 74th floor onto his 58-story Trump Tower skyscraper to make his home 30,000 square feet that nobody knows about but him and Trump.

That is johnny's actual defense of Trump's blatant loan application fraud. :/

I hate to tell you, but that defense is not going to hold up in court. Someone's eventually going to go outside and look up and notice that Trump Tower is still only 58 stories tall.

"Lock him up! Lock him up!" (This isn't "hate for Trump," johnny. I'm just pretending I'm at a Trump political rally and that's what people who love America do, right?)
#137446
johnny, the only reason Trump is living rent free anywhere is that he has a history of refusing to pay his obligations.

One of his strategies is to repeatedly declare bankruptcy to avoid paying what he owes. He's done it many times.

Another example is that he will promise to pay someone's legal fees and then fail to provide any support whatsoever when things get bad for the guy.

johnforbes knows perfectly well that if Trump ever tried to rent one of johnny's slum rentals, johnforbes would refuse to rent to him because he knows Trump's word isn't worth the lease paper it's printed on and Trump would simply never pay him for its use.

Yet knowing this, johnforbes still wants to hire the scumbag to run his country.

Incredible...
#137476
"Trump is a billionaire, and obviously he does what everybody has to do -- avail themselves of the tax code."-Dishonestjohn

Yes, Trump's such a crappy businessman that he repeatedly "avails" himself of the tax code by failing at his real estate developments, driving the projects into the ground, declaring bankruptcy, and then leaving unpaid contractors holding the bag. (Trump's $1.2 billion Taj Mahal Casino sold for a whopping $50 million, as just one example of Trump's shrewd real estate development "genius" that johnforbes so admires.)
#137487
"The pathway to billionaire status is not smooth."-johnflubs

Yes, that's true, and we just saw the closing arguments on one of Trump's trials for business fraud. As opposed to his Trump University fraud trial he lost, or his theft from his Trump Foundation non-profit where he had to pay a $2 million fine. Those sorts of theft and fraud are mere bumps in the road to billionaire status for dishonest clowns like johnforbes.

When johnforbes says the pathway is "not smooth" he means sometime you get caught committing crimes.
#137498
The selection of the judge in that case was almost surely not random. It was his 4th anti-Trump case.

The jurors were from the most pro-Democrat jurisdiction in America.

They relied on serial liar Cohen who admitted he was on a revenge tour against Trump.

And, even now, nobody -- including Democrat prof Dershowitz -- can say what crime was supposedly committed.

And this will probably backfire and help Trump's poll numbers.
#137504
"They relied on serial liar Cohen who admitted he was on a revenge tour against Trump."-johnfibs

No, the case did not rely soley on Cohen. Why must you ALWAYS lie to make your transparently moronic arguments?
There were three corroborating witnesses and A RECORDING OF TRUMP HIMSELF saying what Cohen said Trump said.


"The jurors were from the most pro-Democrat jurisdiction in America."-johnflubs

Then Republicans would have to be real fools to commit their crimes in that jurisdiction, wouldn't they. Your silly argument that no Republican criminals should be tried in New York City is patently absurd.


"And, even now, nobody -- including Democrat prof Dershowitz -- can say what crime was supposedly committed."-johnfibs

Again, Trump committed 34 counts of falsification of business records in the first degree, which is a felony in New York.
How much of a dimwit are you that you still can't understand a jury verdict, even after claiming you attended law school.


"And this will probably backfire and help Trump's poll numbers."-johnflubs

Then why do you care, dummy? Those of us who dislike criminals committing crimes without consequences do care about criminals being prosecuted for their crimes, regardless of the fact that Republicans are quite happy to vote for felons.
We get to have criminals convicted while you can still vote for the criminals of your choice. Sounds like a win/win.
#137525
Well, Trump's at it again. He claims there were 20,000 at his rally in Las Vegas when there was only room for 3000. Sounds a lot like his New York apartment that magically grew to 30,000 sq.ft. in a space of just 10,000 sq. ft..


"Trump addressed the weather during his remarks, telling rallygoers that his campaign told people "do not come," which resulted in "only 20,000" attendees. The trouble is, there wasn't enough room for that many people.

The Clark County Parks and Recreation's Special Events Services told Newsweek on Monday that the area of the park where the Trump campaign held the rally has a maximum capacity of 3,000 people.

"That [rally] was a little different because they used just a specific part of the park, and that has a capacity of, like, 2,000 to 3,000, depending on the setup," the park spokesperson said."-Newsweek


After yet another lie from Trump, no doubt johnforbes takes great solace when Trump told him he doesn't care about johnforbes, only his vote.
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