And what part of that, assuming it is factually correct, defrauded anyone?
The city? The bank?
Who was defrauded?

 

The Federal Government. You. Me. And everyone else that pays taxes. When an entity cheats on their taxes it affects all of us. You included. Crime may be alright with you but it's not alright with me.

 

You know, that's what Trump said when he was asked why he lied in order to qualify for a loan from the bank, which is not actually an answer to the question. I guess great minds do think alike.

Seriously, Trump hasn't defaulted on the loan, or declared bankruptcy yet, so what's the harm? It doesn't seem like much, but banks get weird about stuff like that.

 

Bron, the harm is that if the bank is federally chartered it is a federal crime to falsify valuations of property. That is one of the issues that is dogging former President Trump. Over valuing property for loan purposes and under valuing it for tax purposes. Both are crimes. Bankers package a bunch of loans together and sell them. Imagine you are the buyer. You buy these packaged loans, expecting that you'll make money from the interest that was charged on the various loans. In that package is a bogus loan. Maybe a big one. One that the bank did not vet properly. You buy the package of loans at a certain price with the expectation of defaults at a certain rate, That is baked into the price you pay. Now the big one defaults. What does that do to your company? Makes you leery of buying these products,
This is one of the things that happened in the 2008-2009 subprime banking crisis. If banks do not do their due diligence then it puts the whole financial system at risk. Part of the reason it is a crime. Yea, they get a little weird about stuff like that. Our whole economy depends on the truthfulness of borrowers and lenders. Otherwise we go down.

 

Is this pro-Trump lawyer lying? The National Enquirer's former chief may have the receipts

Matthew Chapman
March 27, 2023



Photo: Screen capture


On Monday, prosecutors in the Manhattan grand jury investigating former President Donald Trump's $130,000 hush payment to adult film star Stormy Daniels called David Pecker, the former publisher of the National Enquirer and a longtime ally of the former president, to the stand.

It's unclear immediately why Pecker, who was instrumental to bringing down Trump's former attorney and fixer Michael Cohen, was called. But, wrote Jordan Rubin for MSNBC.com, a possible reason is to expose false claims by Robert Costello, a Trump-aligned lawyer who testified to the grand jury last week to try to discredit the claims made by Michael Cohen.

"Costello said he told the grand jury that Cohen acted on his own to make the payment, without Trump," wrote Rubin. "It struck me as a somewhat strange point at the time, because even if it’s true, it doesn’t necessarily negate a charge of falsifying business records, if in fact that’s a charge prosecutors are seeking. That’s because such a charge wouldn’t have to hinge on the motive for making the payment but rather the cover-up. So Trump’s knowledge ahead of time is arguably beside the point, at least for that charge."

"Yet, to the extent that the grand jurors are assessing Costello’s credibility generally, they might want to hear from Pecker about whether he has additional testimony that directly contradicts Costello’s," said the report. "One would imagine that Pecker’s direct knowledge of Trump’s role would have been brought before the grand jury the first time he testified. But it’s possible that Costello’s testimony raised specific questions that required recalling Pecker."

Pecker, who received immunity in exchange for his cooperation in the Cohen prosecution, played a role in Trump's prior hush payment schemes, setting up a "catch-and-kill" arrangement for a story on an alleged Trump affair with model and former Playboy Playmate Karen McDougal.

In January, it was reported that Pecker was meeting with New York prosecutors to provide evidence to them in the hush payment case.

ALSO IN THE NEWS: How 'additional charges' may be coming for Trump



https://www.rawstory.com/costello-pecker/

 

Republicans quit caring whether their candidates are criminals and honesty is seen as an inconvenient personal flaw.

They admire the person who can cheat for personal gain. The eventual consequences of this is of little concern.

 

"This is one of the things that happened in the 2008-2009 subprime banking crisis. If banks do not do their due diligence then it puts the whole financial system at risk."​

 

Trump is a pathological liar but due to his other FORMS of mental illness sometimes he freaks out and accidentally let's the truth slip out. So I am really interested to see what this is all about.

Trump rages at the IRS in bizarre rant about a mysterious ‘deal’

Travis Gettys
March 28, 2023



Chip Somodevilla/Getty Images


Donald Trump raised eyebrows with a pair of posts on his Truth Social platform suggesting some type of deal he had reached with the Internal Revenue Service.

The former president criticized the purported visit by an IRS agent to Substack writer Matt Taibbi's home the day he voluntarily testified before Congress on the alleged "weaponization" of the federal government, saying the move was "just plain dangerous and stupid."

"But even more dangerous & stupid is the way they have handled me, leaking information (which is illegal!) &, making a deal & then breaking it for strictly political reasons," the ex-president posted in all capital letters. "I had a 'done deal' before running for president -- they broke it! Treated worse than Tea Party & evangelicals."

IN OTHER NEWS: Tempers flare at Tennessee Capitol in aftermath of Nashville school shooting: report

The House Ways and Means Committee issued a report in December, following a yearslong fight to obtain his tax records, that found the IRS had failed to pursue mandatory audits of him on a timely basis during his presidency, although congressional investigators produced no evidence Trump had directly discouraged the agency from reviewing his taxes.

"I could have easily made a very good deal with the IRS during my 4 years as President, but thought it inappropriate to do so," Trump posted. "Besides, I already had a deal from before my Presidency -- A deal which they choose not to honor. So now I am demanding the original deal, without late changes in the rules & regulations so that deal would be harder to make. Most people would say that after watching the Biden family take advantage of government, I should have made deal during my term. To me, CONFLICT.

https://www.rawstory.com/donald-trump-irs-2659667947/

 

Trump's impotent attacks are just comical at this point. All he can see is Black people coming after him. When the reality is he has very contempt prosecutors coming after him with the law on their side.

Trump Rips Letitia James as He Heads to Her Office to Testify

426
Ryan Bort
Thu, April 13, 2023 at 7:14 AM MDT



Donald-Trump - Credit: (Photo by CHANDAN KHANNA/AFP via Getty Images)

Donald Trump used to call New York City home. He still goes back, but only, it seems, under court order.

The former president is in Manhattan on Thursday to answer questions under oath in a lawsuit brought by New York Attorney General Letitia James. The $250 million suit accuses Trump and three of his children of “numerous acts of fraud and misrepresentations” related to their business in the state. The case is expected to go to trial later this year.


Trump was deposed in the case once before, last summer, before James brought the suit. He wasn’t interested in answering questions, invoking the Fifth Amendment hundreds of times. The former president doesn’t seem like he’s going to be in a mood to answer questions on Thursday, either.

“I will be heading downtown to meet with a Racist who leaked that I would be there at 9:30 A.M.” he wrote Thursday morning on Truth Social. “The leak makes it much more difficult for the Police and Secret Service to do their job. This civil case is ridiculous, just like all of the other Election Interference cases being brought against me. If I had a fair judge, this case would have never happened. MAGA!”

Trump has been trying desperately to cast the myriad investigations into his conduct as “election interference,” while labeling the Black people investigating him — including James, Manhattan District Attorney Alvin Bragg, and Fulton County District Attorney Fani Willis — as racist. Trump was in Manhattan last week to plead not guilty to 34 felony counts of falsification of business records brought by Bragg in a historic indictment of the former president. Willis is investigating whether Trump meddled in Georgia’s 2020 presidential election.

The investigation that could pose the biggest threat to Trump, however, may be the Justice Department’s probe into his handling of sensitive material upon leaving the White House, which is being overseen by Special Counsel Jack Smith. The New York Times reported on Wednesday that investigators are now asking witnesses whether Trump showed off a map with classified information to people who shouldn’t have seen it. Smith, who was appointed by Attorney General Merrick Garland last fall, is also investigating the effort to overturn the 2020 election results.

There’s also the defamation case brought by E. Jean Carroll, who has accused Trump of raping her in the 1990s. Trump has repeatedly tried to get the case thrown out, to no avail, and his lawyers are now arguing the April 25 trial should be pushed back due to the chaotic media coverage surrounding Trump’s other legal woes. Carroll’s lawyers don’t agree, to say the least. “The Constitution does not excuse Trump from standing trial on a sexual assault claim just because the national media has once again revisited longstanding reports about his assorted extra-marital affairs,” one of them, Robert Kaplan, wrote on Wednesday.


https://www.yahoo.com/entertainment/trump-going-under-oath-york-131450754.html

 

Trump's unused mansion falls under investigation for possible tax fraud

Travis Gettys
April 20, 2023



Olivier Douliery - Pool/Getty Images


The latest financial disclosures filed by Donald Trump raise new questions about a large tax break he got on a Batman-like estate north of New York City.

The former president reduced his tax bill on the land listed as Seven Springs LLC by more than $3.5 million in 2015, when he first entered politics, and new filings show the property earned him less than $2,500 in the form of a vaguely labeled "rebate," although he valued the land at $50 million, reported The Daily Beast.

“There has been an enormous amount of valuation abuse," said Nancy Assaf McLaughlin, a national expert on conservation easements, who was speaking generally because she did not know the details of Trump's property. "People will come up with a ‘before value’ that exceeds anything a willing buyer would pay, using ‘subdivision development analysis’ and coming up with a hypothetical subdivision of lots."

“It has no relation to what somebody would actually pay you for that property on the open market," added McLaughlin, a law professor at the University of Utah. “Income tax deduction is inappropriately lucrative in those cases."

IN OTHER NEWS: Fox News owes accountability to a hell of a lot more people than just Dominion

Trump has reported no income on the estate since he started filing federal disclosure forms required by some executive branch officials, and an expert compared his arrangement to a rancher who decided to leave their land to sit unused.

“Many ranchers are earning next to nothing on their farmland, but as soon as they give it up, they get a very generous tax break relative to what they were earning," said James Vercammen, a land economist at the University of British Columbia in Vancouver. "You’re going to learn a lot more from the tax break than what you’d earn from the land itself."

Trump had hoped to build a golf course and several mansions on the property, but local residents opposed any land development, so he instead cashed in on the tax break -- and New York attorney general Letitia James is now investigating the value he placed on the underdeveloped land.

“When an appraiser comes back with values that are lower than what Trump wants, he’ll get fired, won’t get paid, or they’ll hire another,” said a source who had seen some of Trump's transactions in recent years. “He’s extracted the highest possible he can find.”



https://www.rawstory.com/donald-trump-seven-springs/

 

So in the state of New York the property owner sets the value of property for tax purposes??

Really??

Probably the only taxing authority in America that does it that way.

 

I think it's a twist on logic where Trump is inflating the price, not the state, on 40 Wall Street anyway.

https://www.businessinsider.com/don...lain-40-wall-street-doubled-value-2022-4?op=1

 

Wait.
So now trump is responsible for what an outside real estate company appraises his property for?

By the way, did you see the part where the bank does its own appraisal when evaluating loans?

 

No, all I'm stating is that the building is being appraised higher than what the state would appraise it at, something unusual as most entities want to pay fewer taxes on their properties.

 

Cushman wakefield does not establish property value for tax purposes.

The state is the only authority that can set the value of a property for tax purposes.

A creditor is the only proper authority to set property value for loan purposes.

The value used by a creditor for loan purposes is almost certainly different than the states valuation for tax purposes.

The property owner, any real estate agency, and pundits can state any value for a property that serves their agenda. It has no meaning for tax purposes or loan purposes or anything except maybe propaganda.

 

The latest financial disclosures filed by Donald Trump raise new questions about a large tax break he got on a Batman-like estate north of New York City.

What is so hard to understand. Former President Trump filed financial disclosures related to the values he thought his property was worth and the State of New York disagreed.

 

That is true Shooter. As far as you have gone. What makes it a crime is that in doing so he ATTESTED, to it. (I'll wait, while you look it up) He said that on a property valuation form. Signing your name on such a form, if not near the actual value, is a state crime. That is like someone saying that their 1300 sq. ft mobile home is actually 25,000 sq. ft. It is not a crime to say it. It is a crime to ATTEST to it.

 

And what he would have ATTESTED to was on a loan form, wasn't it?
1) How the fuck is that a crime, when it's a civil matter between a bank and a borrower?
2) The state gives not an ant fart what a property owner ATTESTS to the value of a property. They do their own thing.
3) If the bank accepts an ATTESTATION and makes a loan based on that plus their own valuation, and the loan is paid according to the agreement, then no one, but especially the state, has a fucking thing to say about it, do they?

If trump's ATTESTING to the value of property is any part of the states CRIMINAL case and if the system works as intended, Trump will be found NOT GUILTY.

But we all know,
If a despicable does it, it's politics
If a deplorable does it, its a crime.

So we'll see, won't we?

 

What if he is found guilty? Will you accept that or say the system is rigged?

 

At this point, we are up to the gills in ridiculous 'What Ifs'.

What if this? What if that? Trump's got to be guilty of something!

And the mindless Libtard 'useful idiots' who parrot this sentiment just hate Trump because the mainstream media told them they should. Fucking brainless.