President Trump On Trial for Fraud (Civil)

[Striker840]

@WorldWatcher

@Striker840

But you are all saying Trump gave a different value than the tax assessors did. That is NOT the issue, the issue is the value he used was EXCESSIVE to what the actual MARKET value was.

The issue isn’t with the difference between tax assessed and market per se, but the fact that they inflated the market value NOT tax value.

That and claiming his under 11,000 sq/ft residence in Trump Tower was 30,000 sq/ft and basing the excessive value on high cost sq/ft. If you claim a high value to each square foot and then use triple the square footage, of course the valuation will be excessive.

WW

Lol yea that as well. I was only addressing the market vs tax part

[WuWei]

Go down to the bank and ask for a loan and see who sets the collateral value.

[WuWei]

@Orygun

@GWH

We’ll see you at the tax assessors office tomorrow adjusting your assessment for full market value so you can pay your fair share.

Well…the “mona lisa” value of my house is a couple trillion. Hope they don’t make me pay taxes on that.

Go get a loan for it.

[WuWei]

You don’t need to say anything but the address. The bank will tell you how much they will loan you on it.

[WuWei]

@Jezcoe

@PurpnGold

@GWH

Which bank has pressed charges?

Why does a bank need to press charges for it to be illegal?

Don’t you see? It is the tax assessors and the loan manager’s fault that Trump committed fraud.

If the loan officer loaned him 2300% of the value of the asset, the loan officer failed.

[WuWei]

@tnt

@WuWei

You don’t set the value on a loan, the loan officer does.

based on your application.

No, based on his appraisal.

[WuWei]

@Jezcoe

They happily accepted one value for tax purposes and another to get favorable loans.

They who? Trump? Of course he did.

[WuWei]

@tnt

@GWH

We’ll see you at the tax assessors office tomorrow adjusting your assessment for full market value so you can pay your fair share.

Everyone understands there is a difference between tax assessed value and market value.

It’s not a 2,000 percent difference though.

Who determines “market value” for a loan?

[WorldWatcher]

@WuWei

Go down to the bank and ask for a loan and see who sets the collateral value.

Doesn’t absolve you from submitting knowingly fraudulent documentation to the bank.

WW

[WuWei]

@WorldWatcher

@WuWei

Go down to the bank and ask for a loan and see who sets the collateral value.

Doesn’t absolve you from submitting knowingly fraudulent documentation to the bank.

WW

No, it doesn’t. But don’t act like the bank was defrauded. They gave him the loan based on the collateral.

[WorldWatcher]

@WuWei

@WorldWatcher

@WuWei

Go down to the bank and ask for a loan and see who sets the collateral value.

Doesn’t absolve you from submitting knowingly fraudulent documentation to the bank.

WW

No, it doesn’t. But don’t act like the bank was defrauded. They gave him the loan based on the collateral.

I never claimed the bank was defrauded.

The case is about unlawful fraud resulting in fraudulent engorgement.

WW

[WuWei]

Who was defrauded?

[LucyLou]

You can literally read the judges summary judgement for that answer. It’s a public document.

This shouldn’t seem new in relation to Crooked Donald:

"The Trump Organization was convicted of tax fraud last year in an unrelated criminal case for helping executives dodge taxes on perks such as apartments and cars. The company was fined $1.6 million. One executive, Trump’s longtime finance chief Allen Weisselberg, pleaded guilty and served five months in jail.

James’ office previously sued Trump for misusing his charitable foundation to further his political and business interests. Trump was ordered to give $2 million to charity as a fine while his own charity, the Trump Foundation, was shut down."

He’s a serial liar fraudster.

[tnt]

@WuWei

Go down to the bank and ask for a loan and see who sets the collateral value.

Depends what kind of loan it is.

If it’s a mortgage, the bank will be the owner, and so yes, they will get an appraisal. If it’s a business loan, and they are not holding collateral, they may or may not.

[tnt]

@WuWei

You don’t need to say anything but the address. The bank will tell you how much they will loan you on it.

Edit:

It depends on the type of loan.

[Munimula1]

Trump -Lovers: It’s tax evasion. He said his properties were worth less than they were, and then paid lower taxes than he should have. Good night.

[GWH]

Another person who has no idea how assessments work. Sleep tight.

[DougBH]

@PurpnGold

@WuWei

A fraudulent check is not a loan.

Some of y’all have never borrowed money or understand “collateral.” And it shows.

It’s fraud. You seem to be saying it’s ok to commit fraud with a bank since they didn’t catch it.

I don’t think anyone is saying that. I think its more questioning whether having an assessed value of a property at one amount and representing the value to a bank as worth more is really automatically fraud. If the assessed value is what the lender relies on, wouldn’t all lenders just demand to see the assessed value for tax purposes and go with that?

[GWH]

They know it’s not how any of this works. The hatred for Trump overrides any reality.

[Oldandtired]

The country tax appraiser’s problem.
Trump does not set the worth for property tax’s the country does.
My property taxes are going up next year. Not because I went in and told the county that my land is worth this amount. Nope. My taxes are going up because the appraiser hired by the country estimated my land to be worth more.
What I could sell the property for is whatever someone is willing to pay for the land.