No. The 30k square foot claim was a difference of how tax evaluations vs loan collateral evaluations are done.
The judge claimed Trump committed fraud because he didn't use the tax evaluation for his loan. No one on the fucking planet uses their tax evaluation as their property's evaluation for collatetal on a loan. No one. The banks that gave Trump the loan did their own evaluation and came up with a Value that was higher than Trump's evaluation. It would not have been a fraud if Trump hadn't made a single payment. The governor of New York had to make a statement that said, almost specifically, that this type of prosecution was only going to be used against Trump, because every major business owner in New York that's ever made a collateralized loan using property is potentially subject to this type of prosecution and a potential loss of business licensure.
The courts will reject this on appeal because the potential to destroy businesses at will would be the consequence of this being set as precedent.
Have you ever tried to get a loan for property? Do you think any bank on the planet would just take your word that the value of the property is what you say it is? Or, do you think that, maybe, they'd make their own determinations? Like they did for Trump's loan.
30K was a disputed square footage. The tac appraisal was based on living space versus the evalution based on additional areas, like parking, shared amenities, etc.
[ - ] MaryXmas 1 point 2 weeksApr 22, 2024 19:27:11 ago (+1/-0)
Nah it is legit. Real estate is embroiled in fraud. He is probably doing ruthless deals. All the other big players are. Maybe also look at the largest real estate holders in the country and investigate them too- you'd find same or worse and mostly jews.
[ + ] FreeinTX
[ - ] FreeinTX 6 points 2 weeksApr 22, 2024 08:43:28 ago (+6/-0)
The judge claimed Trump committed fraud because he didn't use the tax evaluation for his loan. No one on the fucking planet uses their tax evaluation as their property's evaluation for collatetal on a loan. No one. The banks that gave Trump the loan did their own evaluation and came up with a Value that was higher than Trump's evaluation. It would not have been a fraud if Trump hadn't made a single payment. The governor of New York had to make a statement that said, almost specifically, that this type of prosecution was only going to be used against Trump, because every major business owner in New York that's ever made a collateralized loan using property is potentially subject to this type of prosecution and a potential loss of business licensure.
The courts will reject this on appeal because the potential to destroy businesses at will would be the consequence of this being set as precedent.
Have you ever tried to get a loan for property? Do you think any bank on the planet would just take your word that the value of the property is what you say it is? Or, do you think that, maybe, they'd make their own determinations? Like they did for Trump's loan.
[ + ] Crackinjokes
[ - ] Crackinjokes [op] -1 points 2 weeksApr 22, 2024 20:54:05 ago (+0/-1)
It was the physical description of how many square feet the was.
That doesn't change between tax and true valuation. Just the value does.
[ + ] FreeinTX
[ - ] FreeinTX 0 points 2 weeksApr 23, 2024 06:50:58 ago (+0/-0)
[ + ] Empire_of_the_Mind
[ - ] Empire_of_the_Mind 3 points 2 weeksApr 22, 2024 09:24:58 ago (+3/-0)
[ + ] Crackinjokes
[ - ] Crackinjokes [op] -2 points 2 weeksApr 22, 2024 20:56:44 ago (+0/-2)
Unlawful gain doesn't require a victim per SE.
[ + ] vol09877
[ - ] vol09877 1 point 2 weeksApr 22, 2024 09:56:31 ago (+3/-2)
[ + ] MaryXmas
[ - ] MaryXmas 1 point 2 weeksApr 22, 2024 19:27:11 ago (+1/-0)