Trump lies about his assets

F

floridafan

Verified User
Donald Trump grossly inflated his assets, says Attorney General Letitia James, and now the full transcript in that civil fraud case is being revealed to the public.

In nearly 500 pages, and on tape, Trump is probed about his properties and business and whether or not he has lied about all of it on official documents.

Taken April 13, 2023, Trump explained that he was far too busy being president to handle his personal businesses. Under oath, the former president claimed to have saved millions of lives, indeed the whole world, from nuclear war. What's worse, he claimed, it still might happen.

"I considered this the most important job in the world, saving millions of lives. I think you would have nuclear holocaust (sic), if I didn't deal with North Korea. I think you would have a nuclear war, if I weren't elected. And I think you might have a nuclear war now, if you want to know the truth," Trump claimed in the now-public deposition

https://www.rawstory.com/trump-deposition-letitia-james/
 
I'm not seeing anything about him lying about his assets.

That was hardly an in depth article, it's like three tiny paragraphs.

And I've no desire to read a 500 page deposition, I doubt you did either.
 
floridafan said:
Donald Trump grossly inflated his assets, says Attorney General Letitia James, and now the full transcript in that civil fraud case is being revealed to the public.

In nearly 500 pages, and on tape, Trump is probed about his properties and business and whether or not he has lied about all of it on official documents.

Taken April 13, 2023, Trump explained that he was far too busy being president to handle his personal businesses. Under oath, the former president claimed to have saved millions of lives, indeed the whole world, from nuclear war. What's worse, he claimed, it still might happen.

"I considered this the most important job in the world, saving millions of lives. I think you would have nuclear holocaust (sic), if I didn't deal with North Korea. I think you would have a nuclear war, if I weren't elected. And I think you might have a nuclear war now, if you want to know the truth," Trump claimed in the now-public deposition

https://www.rawstory.com/trump-deposition-letitia-james/
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Wow! Trump is a liar? Who knew?!! LOL

https://abcnews.go.com/US/trump-inflated-net-worth-22-billion-nyag-filing/story?id=102795013
Trump inflated his net worth by $2.2 billion, New York AG says in filing
In an April deposition, Trump called his holdings "the Mona Lisa of properties."
Former President Donald Trump routinely overstated his net worth -- sometimes by more than $2 billion -- during years when the actual values of his real estate holdings were far less than he claimed, according to a court filing Wednesday by the office of New York Attorney General Letitia James.

The attorney general's office included the numbers in a motion for summary judgement that asks the court to resolve a civil fraud claim before the AG's $250 million civil suit against Trump goes to trial.

The former president, meanwhile, called his real estate portfolio "the Mona Lisa of properties" during an April deposition in the suit, according to a transcript of the deposition that was made public Wednesday.
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floridafan said:
Donald Trump grossly inflated his assets, says Attorney General Letitia James, and now the full transcript in that civil fraud case is being revealed to the public.

In nearly 500 pages, and on tape, Trump is probed about his properties and business and whether or not he has lied about all of it on official documents.

Taken April 13, 2023, Trump explained that he was far too busy being president to handle his personal businesses. Under oath, the former president claimed to have saved millions of lives, indeed the whole world, from nuclear war. What's worse, he claimed, it still might happen.

"I considered this the most important job in the world, saving millions of lives. I think you would have nuclear holocaust (sic), if I didn't deal with North Korea. I think you would have a nuclear war, if I weren't elected. And I think you might have a nuclear war now, if you want to know the truth," Trump claimed in the now-public deposition

https://www.rawstory.com/trump-deposition-letitia-james/
Click to expand...

Shocking the guy who lies about his height, weight, and everything else, lied about his wealth?
 
Tinkerpeach said:
I'm not seeing anything about him lying about his assets.

That was hardly an in depth article, it's like three tiny paragraphs.

And I've no desire to read a 500 page deposition, I doubt you did either.
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When Cohen was charged he told all who listened that Trump lied about his wealth, inflating it when he wanted a loan and cutting it at tax time. A guy who does not think he should pay taxes is not the guy to be in charge of our tax money.
 
Nordberg said:
When Cohen was charged he told all who listened that Trump lied about his wealth, inflating it when he wanted a loan and cutting it at tax time. A guy who does not think he should pay taxes is not the guy to be in charge of our tax money.
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...much less a guy who conspires to steal an election and, failing that, take it by force.
 
floridafan said:
Donald Trump grossly inflated his assets, says Attorney General Letitia James, and now the full transcript in that civil fraud case is being revealed to the public.

In nearly 500 pages, and on tape, Trump is probed about his properties and business and whether or not he has lied about all of it on official documents.

Taken April 13, 2023, Trump explained that he was far too busy being president to handle his personal businesses. Under oath, the former president claimed to have saved millions of lives, indeed the whole world, from nuclear war. What's worse, he claimed, it still might happen.

"I considered this the most important job in the world, saving millions of lives. I think you would have nuclear holocaust (sic), if I didn't deal with North Korea. I think you would have a nuclear war, if I weren't elected. And I think you might have a nuclear war now, if you want to know the truth," Trump claimed in the now-public deposition

https://www.rawstory.com/trump-deposition-letitia-james/
Click to expand...

I’m no fan of trump but I don’t see where lying about the valuation of personal assets is against any law. If he did it to get loans that’s the bank’s responsibility to verify.
If he paid assessed property taxes, so what.
 
anonymoose said:
I’m no fan of trump but I don’t see where lying about the valuation of personal assets is against any law. If he did it to get loans that’s the bank’s responsibility to verify.
If he paid assessed property taxes, so what.
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https://www.law.cornell.edu/uscode/text/18/1344

If Trump provided valuations to a bank knowing they were false to get a loan it is a violation of the law. Claiming the bank is responsible to make sure his valuations are accurate doesn't make it not a crime.

This law also applies
https://www.law.cornell.edu/uscode/text/18/1014

Whoever knowingly makes any false statement or report, or willfully overvalues any land, property or security, for the purpose of influencing in any way the action of ...
any institution the accounts of which are insured by the Federal Deposit Insurance Corporation ...
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anonymoose said:
I’m no fan of trump but I don’t see where lying about the valuation of personal assets is against any law. If he did it to get loans that’s the bank’s responsibility to verify.

If he paid assessed property taxes, so what.
Click to expand...
Not a lawyer, but it appears what he did was illegal.

That may be part of the problem, he appears to have overvalued his property for loans then undervalued for taxes.
 
anonymoose said:
I’m no fan of trump but I don’t see where lying about the valuation of personal assets is against any law. If he did it to get loans that’s the bank’s responsibility to verify.
If he paid assessed property taxes, so what.
Click to expand...

It's a crime! Another Trump crime.
 
Doc Dutch said:
Not a lawyer, but it appears what he did was illegal.

That may be part of the problem, he appears to have overvalued his property for loans then undervalued for taxes.
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The assessor valuates for taxes. What he or anyone else does is irrelevant. I would think. I’m certainly not a lawyer either.
 
Poor Richard Saunders said:
https://www.law.cornell.edu/uscode/text/18/1344

If Trump provided valuations to a bank knowing they were false to get a loan it is a violation of the law. Claiming the bank is responsible to make sure his valuations are accurate doesn't make it not a crime.

This law also applies
https://www.law.cornell.edu/uscode/text/18/1014
Click to expand...

The problem with that is what fair market value is at any given time. The ONLY sure way to know that is to sell the property. Then you KNOW what the market value is. You can make a guess as to what the property value is, but without selling it, there's no way to know if that's accurate.
 
Poor Richard Saunders said:
https://www.law.cornell.edu/uscode/text/18/1344

If Trump provided valuations to a bank knowing they were false to get a loan it is a violation of the law. Claiming the bank is responsible to make sure his valuations are accurate doesn't make it not a crime.

This law also applies
https://www.law.cornell.edu/uscode/text/18/1014
Click to expand...
As always, I don’t care and I’m no lawyer.
Just seems like an odd law.
I could get about $600,000 for my house here in anchorage. If I want to borrow $2,000,000 with my house as collateral and tell the bank that’s what my house is worth, well the bank is pretty stupid.
But they’re not stupid. They take advantage of other’s stupidity. They’re notorious for that.
 
Doc Dutch said:
Not a lawyer, but it appears what he did was illegal.

That may be part of the problem, he appears to have overvalued his property for loans then undervalued for taxes.
Click to expand...

The county or other tax assessor places a value on a property for taxes. That can be negotiated, but usually isn't. In any case, the government and property owner agree that's the value for taxes. The value of a property otherwise is a guess unless you sell it. There is no sure way to know what a property is really worth any other way.

For example, I sold two houses about two years ago, one for a bit more than $400K, another for just shy of $500K. Both went to a company that flips houses nationally. The first sold about 8 months later for a bit more than I sold it for. The second sold about two months ago for about $425 K a big loss for the company. Property values are what somebody is willing to pay for it and not a fixed thing.

Unless Trump grossly-- made the values many times what they were possibly worth and misstated the condition and stuff on the property--the prosecution's got nothing. Now, if he did, and he lied about buildings, structures, etc., as well maybe the prosecutor has something, but I doubt it given she's another Trump hater.
 
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T. A. Gardner said:
The county or other tax assessor places a value on a property for taxes. That can be negotiated, but usually isn't. In any case, the government and property owner agree that's the value for taxes. The value of a property otherwise is a guess unless you sell it. There is no sure way to know what a property is really worth any other way.
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The Constitution is over, the Regime does whatever the fuck they want to do to Trump, dissidents must hurt..4 UTOPIA!

Its later than the Modern Morons know.
 
Ms. James’s lawsuit disputes the value of some of Mr. Trump’s best-known properties, including Mar-a-Lago, his Florida estate, and Trump Tower in Midtown Manhattan. In her new filing, she wrote that, given the way that the worth of Trump Tower was calculated in 2018, it was overvalued by nearly $175 million. The following year, she said, the value of the building was falsely boosted by nearly $323 million.

https://www.nytimes.com/2023/08/30/nyregion/trump-james-civil-lawsuit-trial.html
 
Hawkeye10 said:
The Constitution is over, the Regime does whatever the fuck they want to do to Trump, dissidents must hurt..4 UTOPIA!

Its later than the Modern Morons know.
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This is what you get when the Left runs things. They want what they want and that's all that matters...
 
BidenPresident said:
Ms. James’s lawsuit disputes the value of some of Mr. Trump’s best-known properties, including Mar-a-Lago, his Florida estate, and Trump Tower in Midtown Manhattan. In her new filing, she wrote that, given the way that the worth of Trump Tower was calculated in 2018, it was overvalued by nearly $175 million. The following year, she said, the value of the building was falsely boosted by nearly $323 million.

https://www.nytimes.com/2023/08/30/nyregion/trump-james-civil-lawsuit-trial.html
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It's going to be hard for a New York prosecutor to use property in other states and countries as the basis for her suit. There is no way for her to know the actual value of a property that Trump didn't sell, and if he didn't default on loans or other stuff IN New York, she's got shit for a case.

That isn't to be on anybody's side here, that's just facts.
 
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