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NY State Legally Sues Trump and His Family Calling Them LIARS and CHEATS


SpikedLemonade
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6 hours ago, SpikedLemonade said:

 

NY AG lawsuit alleges Trump Organization financial misrepresentations violate "host of state criminal laws"

 

New York Attorney General Letitia James’ lawsuit alleges misrepresentations on financial statements that “repeatedly and persistently” violated a “host of state criminal law,” including insurance fraud, the falsification of business records and false financial statements. 

The attorney general's lawsuit cited federal law that the alleged conduct could have “plausibly” violated, including bank fraud and false statements to financial institutions, and the lawsuit said her office made a referral to federal prosecutors in Manhattan.

The lawsuit alleges fraud “committed by upper management at the Trump Organization” and approved “at the highest levels of the Trump Organization — including by Mr. Trump himself.” 

“These acts of fraud and misrepresentation grossly inflated Mr. Trump’s personal net worth as reported in the Statements by billions of dollars and conveyed false and misleading impressions to financial counterparties about how the Statements were prepared,” the lawsuit said. “Mr. Trump and the Trump Organization used these false and misleading Statements repeatedly and persistently to induce banks to lend money to the Trump Organization on more favorable terms than would otherwise have been available to the company, to satisfy continuing loan covenants, and to induce insurers to provide insurance coverage for higher limits and at lower premiums.” 
https://www.cnn.com/politics/live-news/trump-ny-attorney-general-civil-lawsuit/index.html

 

 

LOL, this is comical, value is subjective. If it is for sale, it is worth whatever the seller thinks it is. If it is on the market, it is worth whatever a buyer will pay. The onus lies on the lenders This will be ANOTHER waste of taxpayers' money in the name of TDS. Anyone who has applied for a home equity loan has been asked for their SEV off their property tax statement. The bank then multiplies that by 2.5 to get an estimate of the value of the home. That should teach Letitia that taxable value is never equated to asset value. She couldn't find any evidence to criminally prosecute, so now she's going after him civilly. She may get a progressive-liberal activist judge on her side, but eventually it will be dismissed. That's a lot of taxpayer money to spend on a political case, while hundreds of violent criminals go free without prosecution.

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7 hours ago, SpikedLemonade said:

 

NY AG lawsuit alleges Trump Organization financial misrepresentations violate "host of state criminal laws"

 

New York Attorney General Letitia James’ lawsuit alleges misrepresentations on financial statements that “repeatedly and persistently” violated a “host of state criminal law,” including insurance fraud, the falsification of business records and false financial statements. 

The attorney general's lawsuit cited federal law that the alleged conduct could have “plausibly” violated, including bank fraud and false statements to financial institutions, and the lawsuit said her office made a referral to federal prosecutors in Manhattan.

The lawsuit alleges fraud “committed by upper management at the Trump Organization” and approved “at the highest levels of the Trump Organization — including by Mr. Trump himself.” 

“These acts of fraud and misrepresentation grossly inflated Mr. Trump’s personal net worth as reported in the Statements by billions of dollars and conveyed false and misleading impressions to financial counterparties about how the Statements were prepared,” the lawsuit said. “Mr. Trump and the Trump Organization used these false and misleading Statements repeatedly and persistently to induce banks to lend money to the Trump Organization on more favorable terms than would otherwise have been available to the company, to satisfy continuing loan covenants, and to induce insurers to provide insurance coverage for higher limits and at lower premiums.” 
https://www.cnn.com/politics/live-news/trump-ny-attorney-general-civil-lawsuit/index.html

 

 

You're an idiot.  Stupid virtue signaler.

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7 hours ago, SpikedLemonade said:

 

NY AG lawsuit alleges Trump Organization financial misrepresentations violate "host of state criminal laws"

 

New York Attorney General Letitia James’ lawsuit alleges misrepresentations on financial statements that “repeatedly and persistently” violated a “host of state criminal law,” including insurance fraud, the falsification of business records and false financial statements. 

The attorney general's lawsuit cited federal law that the alleged conduct could have “plausibly” violated, including bank fraud and false statements to financial institutions, and the lawsuit said her office made a referral to federal prosecutors in Manhattan.

The lawsuit alleges fraud “committed by upper management at the Trump Organization” and approved “at the highest levels of the Trump Organization — including by Mr. Trump himself.” 

“These acts of fraud and misrepresentation grossly inflated Mr. Trump’s personal net worth as reported in the Statements by billions of dollars and conveyed false and misleading impressions to financial counterparties about how the Statements were prepared,” the lawsuit said. “Mr. Trump and the Trump Organization used these false and misleading Statements repeatedly and persistently to induce banks to lend money to the Trump Organization on more favorable terms than would otherwise have been available to the company, to satisfy continuing loan covenants, and to induce insurers to provide insurance coverage for higher limits and at lower premiums.” 
https://www.cnn.com/politics/live-news/trump-ny-attorney-general-civil-lawsuit/index.html

 

 

LOL

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1 hour ago, Very Wide Right said:

This is what a clown political hack looks like trying to beat the world's greatest President and businessman for political points. PATHETIC

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When you refer to Trump as the "worlds greatest President/bisinessman it's a dead give away you're either just a troll or one totally ignorant brain washed racist. ( Yes anyone who would still support Trump is without a doubt a racist. We watched him play the race card for 4 years, and you all came out of the woodwork. 

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do-you-think-this-republican-would-change-parties-today-full.jpg[/img]
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Just now, micknaboz said:

When you refer to Trump as the "worlds greatest President/bisinessman it's a dead give away you're either just a troll or one totally ignorant brain washed racist. ( Yes anyone who would still support Trump is without a doubt a racist. We watched him play the race card for 4 years, and you all came out of the woodwork. 

Heyyyyy, pull string doll.  RAAAAAAAACCCCIIIST RACIST RACIST................The racist created more employment for African Americans that any President in history. Try again simpleton.

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3 hours ago, Very Wide Right said:

LOL, this is comical, value is subjective. If it is for sale, it is worth whatever the seller thinks it is. If it is on the market, it is worth whatever a buyer will pay. 

That's how it works when you're selling something, not valuing it for tax assessments

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“There he goes. One of God's own prototypes.

A high-powered mutant of some kind, never even considered for mass production.

Too weird to live, and too rare to die.”
6tu3em.jpg

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On 9/21/2022 at 9:14 PM, micknaboz said:

When you refer to Trump as the "worlds greatest President/bisinessman it's a dead give away you're either just a troll or one totally ignorant brain washed racist. ( Yes anyone who would still support Trump is without a doubt a racist. We watched him play the race card for 4 years, and you all came out of the woodwork. 

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On 9/22/2022 at 1:23 AM, Very Wide Right said:

LOL, this is comical, value is subjective. If it is for sale, it is worth whatever the seller thinks it is. If it is on the market, it is worth whatever a buyer will pay. The onus lies on the lenders This will be ANOTHER waste of taxpayers' money in the name of TDS. Anyone who has applied for a home equity loan has been asked for their SEV off their property tax statement. The bank then multiplies that by 2.5 to get an estimate of the value of the home. That should teach Letitia that taxable value is never equated to asset value. She couldn't find any evidence to criminally prosecute, so now she's going after him civilly. She may get a progressive-liberal activist judge on her side, but eventually it will be dismissed. That's a lot of taxpayer money to spend on a political case, while hundreds of violent criminals go free without prosecution.

Two serious questions to you. Looking forward to an honest answer that adresses the questions.

You mention a multiplier of 2.5. Which sounds reasonable. There are reports that he multiplied it by 100 shortly after buying it himself. Do you think that is still reasonable or do you question if he really valued it 100 times more?

And is tax fraud ok, because many taxes are wasted anyway?

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Proud adopter of #54 AJ Klein and owner of Lit while sitting in the drivers seat of the bandwagon of

The Buffalo Ninety-five Percents

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1 hour ago, Topas said:

Two serious questions to you. Looking forward to an honest answer that adresses the questions.

You mention a multiplier of 2.5. Which sounds reasonable. There are reports that he multiplied it by 100 shortly after buying it himself. Do you think that is still reasonable or do you question if he really valued it 100 times more?

And is tax fraud ok, because many taxes are wasted anyway?

There are also reports that he was a Russian agent and that he had Russian hookers and golden showers etc. Real estate is worth WHATEVER, and owner or buyer thinks it is. I would submit that 90% of apartments and rental units are all overpriced. Markets swing wildly. This is 100% political harassment; Lititia announced several times as a candidate that she would "get Trump if elected "and she failed so this is a nonsense civil trial which will be dismissed.

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4 hours ago, Very Wide Right said:

There are also reports that he was a Russian agent and that he had Russian hookers and golden showers etc. Real estate is worth WHATEVER, and owner or buyer thinks it is. I would submit that 90% of apartments and rental units are all overpriced. Markets swing wildly. This is 100% political harassment; Lititia announced several times as a candidate that she would "get Trump if elected "and she failed so this is a nonsense civil trial which will be dismissed.

Seems like you’re still struggling with understanding the difference of putting a price on something for resell and putting a price on something for tax purposes

“There he goes. One of God's own prototypes.

A high-powered mutant of some kind, never even considered for mass production.

Too weird to live, and too rare to die.”
6tu3em.jpg

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On 9/21/2022 at 7:31 PM, Very Wide Right said:

This is what a clown political hack looks like trying to beat the world's greatest President and businessman for political points. PATHETIC

See the source image

You are a racist extremist nut. No clue how the law works… makes me wonder if you are running your company legally. Maybe a call to some folks that in IRS to take a look at your finances.

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20 hours ago, BrewMan said:

The rest of us when VRW claims tRump to be the greatest world President and businessman..................G.I. Joe HasLab Skystriker Official HissTank Watch Thread - Page 182 -  HissTank.com

Apparently, you have no stock portfolio, and you don't pay for goods or services, or you just have memory loss. We have record inflation and the DOW just sunk below 30. Keep laughing like a uniformed ignoramus.

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4 hours ago, Very Wide Right said:

Apparently, you have no stock portfolio, and you don't pay for goods or services, or you just have memory loss. We have record inflation and the DOW just sunk below 30. Keep laughing like a uniformed ignoramus.

I bet he does NOT have 5-7 Black employees either.

LIAR

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Do Your Part to Improve The Range -- Please put the TRIO OF TRUMP FLUFFERSTM  on IGNORE

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