The Truth About Mar-a-Lago value

@jj-adams said
No it gets me because the punishment they are talking about is ridiculous.

The American justice system tends to have that effect

@jj-adams said
No it gets me because the punishment they are talking about is ridiculous.

It's not uncommon.

@wildgrass said
There's an ongoing trial and weisselberg has already plead guilty. It appears to be illegal to overinflate your assets in order to secure more favorable loans. From what I hear, it appears to be pretty standard practice to overinflate your assets anyway, hoping you don't get caught, and then when companies get caught they just settle it with attorneys out of court.

I thi ...[text shortened]... ks love to talk tough about crime and law enforcement until your cult leader gets caught in the mix.

waiting for you to show the fraud

@mott-the-hoople said
waiting for you to show the fraud

What?! Lol. You ask as if I'm some sort of white collar crime expert.

Fraud has already been shown to have occurred. We're looking at it. Now it's up to the cultists to out maneuver Trump's well paid legal team and show us why the judge is wrong. As was mentioned earlier this is a pretty standard deal that usually gets settled out of court. Probably trump wants to create the image for his cultists that he's being peeeeersecuted. Feel bad for him.

If someone is imprisoned for murder, and they didn't actually commit the crimes, they're still a convicted murderer. It's up to you to exonerate him.

@wildgrass said
Your posts read like a baseball fan blaming the umpires for a team loss.

Of course there are people who get away with fraud or any number of other crimes. That doesn't mean that the thing trump did is not fraudulent.

Do you even read what I said? Or did you cut and paste a talking point that doesn't really fit?

Did I say ANYTHING remotely resembling "yeah it's fraud but everyone else does it too?"

@techsouth said
Do you even read what I said? Or did you cut and paste a talking point that doesn't really fit?

Did I say ANYTHING remotely resembling "yeah it's fraud but everyone else does it too?"

Just an observation. No need to get all offended.

Overvaluing an asset, which is what your post describes, to secure more favorable loans and rates is fraud.

@wildgrass said
Just an observation. No need to get all offended.

Overvaluing an asset, which is what your post describes, to secure more favorable loans and rates is fraud.

You have made an assertion. I am not convinced.

What about overvaluing an asset to to sell it at a better price? Is that fraud? If I ask $550,000 for my house and it appraises for $475,000, is that fraud? Why or why not? How is it different? They buyer can make a counter-offer. Or they can walk away. Same as the bank.

Seems like the banks are quite savvy and know how to look out for themselves. Trying to persuade them your house is worth more than an appraisal seems salesmanship to me. The fact that the loan was paid back seems to support the idea that there was no intent to defraud.

Anyone who brings up "tax value" demonstrates they know so little about real estate that they should just sit the conversation out. Well, I suspect the prosecutor knows better, but she knows the voters generally either don't understand or will choose to blind themselves to reality because they all want to get Trump so bad.

@wildgrass said
Just an observation. No need to get all offended.

Overvaluing an asset, which is what your post describes, to secure more favorable loans and rates is fraud.

So why aren't the financial institutions complaining about it?
Why dids a city DA have to dig it up and after the Feds declined to prosecute it, she took it upon herself to do it?

@techsouth said
You have made an assertion. I am not convinced.

What about overvaluing an asset to to sell it at a better price? Is that fraud? If I ask $550,000 for my house and it appraises for $475,000, is that fraud? Why or why not? How is it different? They buyer can make a counter-offer. Or they can walk away. Same as the bank.

Seems like the banks are quite savvy an ...[text shortened]... understand or will choose to blind themselves to reality because they all want to get Trump so bad.

It seems what trump did amounts to fraud. That's not my assertion. It's now a fact.

It happens. Companies settle these types of claims often. There's so much emotional energy behind this type of fraud not being a crime that I think maybe the trump cult might actually be able to make progress. It's like it's their first ever experience of a criminal being railroaded by an overzealous prosecutor. Yay for criminal justice reform.

Take trump out of this. Criminals settle the same charges all the time.

@jj-adams said
So why aren't the financial institutions complaining about it?
Why dids a city DA have to dig it up and after the Feds declined to prosecute it, she took it upon herself to do it?

I dunno.

Prosecutorial discretion. This has long been a complaint of the leftists who think sentencing for criminals is too harsh. Maybe we need reform.

@wildgrass said
I dunno.

Prosecutorial discretion. This has long been a complaint of the leftists who think sentencing for criminals is too harsh. Maybe we need reform.

@wildgrass said
“I dunno.”

if you had stopped right there you would appear as less idiotic

@wildgrass said
I dunno.

Prosecutorial discretion. This has long been a complaint of the leftists who think sentencing for criminals is too harsh. Maybe we need reform.

You mean reform like New York Baltimore Chicago Los Angeles etc etc etc did and crime went wild?

@mott-the-hoople said
@wildgrass said
“I dunno.”

if you had stopped right there you would appear as less idiotic

2 separate questions were asked.

@wildgrass said
2 separate questions were asked.

2x idiotic then 😉

@jj-adams said
You mean reform like New York Baltimore Chicago Los Angeles etc etc etc did and crime went wild?

It seems like you're trying to argue that overinflating the value of your assets to secure more favorable loan terms should not be illegal?

It seems like that would require major changes to current legal and financial systems, for all kinds of lending practices.