Leteicia James has been

[QP!]

No career prosecutor would touch it because they thought it had no merit. So, he removes them and puts his real estate lawyer in charge. Retribution through and through.

Illegal
Abuse of power
Impeachable

You have ZERO credibility, Maynard. Best to shut the fuck up and move on to your other cultist topics.

A career prosecutor would not even have been able to get the Indictment as the DoJ has as a policy and norm that they MUST present to the grand jury any evidence that counters what they are presenting and helps the defense, so that they do not get an indictment only on one sided information KNOWING the jury will see both sides.

And that makes sense because if you cannot get the Grand Jury to indict to the much lower standard seeing both sides of the evidence you will not get a trial jury to convict to the much higher standard when they see the evidence.

There is not a person with any functioning brain cells who believed Trump's Defense Insurance Lawyer rammed in as a fake Prosecutor followed the DoJ norm and policy and showed the Grand Jury, in either case, any of the countering material. All the legal experts expect, when this Grand Jury info is released and we see what was presented (and that will be released as soon as these cases are dead), that we will see a singular, one sided presentation ignoring all the countering material, which is how dishonest prosecutors can indeed, indict a ham sandwich.

 

[Poor Richard Saunders]

I did I say only the property he want a loan on? He provided collateral. You are naive if you think a bank would loan tens of millions on the borrowers appraisal. They send out their appraiser to get a fair market value of the assets. You are a moron if you think they didn't do due diligence.

No. He wasn't providing collateral. The property he was buying was the collateral. His personal guarantee is where he lied. You don't know what the heck you are talking about. Clearly you have never had to personally guarantee a business loan. Business loans come with many requirements in the codicil. One of the requirements for Trump's loan was his net worth had to stay above a certain level. If his net worth dropped below that level, the loan could be called in. When you make a personal guarantee you are not using your other assets as collateral. You are simply showing that you have the assets to pay if the loan is defaulted. What those assets are doesn't really matter.

Here is an example:
I want to take out a business loan for $500K to buy an apartment building for $400K and spend $200K to fix it up. (I am putting up $100K.)
Then I create an LLC to do the business.
The bank is going to require my personal guarantee so that I can't strip the LLC and leave them with a worthless piece of property that is their collateral. That personal guarantee means that if the LLC goes bankrupt in 3 years and the building is worth $400K and it owes $100k in taxes and utilities and $450 left on the loan, they will still get paid their full amount. They take the building and sell it for $200K but I still owe another $250K left on the loan personally.
Part of that personal guarantee is that I have to have a net worth of $1 million.
My only asset at the time of the loan is 10,000 shares on Intel at $200 per share which gives me a net worth of $2 million.
Those shares are not collateral. I am free to sell them and buy Nividia or IBM or even buy a nice mansion. The only requirement is that my net worth stays above $1 million.
Let's say I sell all of the shares of Intel and go to Vegas and blow $1.9 million. I buy 1,000 shares of IBM at $200. The next year. I don't have assets of $2 million but if I just tell the bank that I have 5,000 share of IBM at $200, it will appear I have over that $1 million along with the $20K in equity in the building I bought.
Did I commit fraud by telling the bank I had assets I don't really have?

 

[Poor Richard Saunders]

Appraisers have apprised Mar Largo for many times 18 million dollars.

ROFLMAO. Really? Why didn't Trump introduce that in court then? It would have shown that the claim by James was false.

The fact is that there wasn't any appraisal of Mar-a-Lago for many times that 18 million at the time Trump claimed it was worth close to $500 million. Court records show that from 2011 to 2021, the Palm Beach County property appraiser determined Mar-a-Lago’s value was "between $18 million and $27.6 million." If Trump had a private appraisal why did he not introduce it as evidence for that time period?

 

[Poor Richard Saunders]

It is like taking out a 2nd loan on your home. The bank determines the value of your home and what they will loan you on your home.

LOL. It is NOTHING like taking a second loan out on your home. Your personal guarantee on a loan doesn't depend on the value of your home.

 

[QP!]

No. He wasn't providing collateral. The property he was buying was the collateral. His personal guarantee is where he lied. You don't know what the heck you are talking about. Clearly you have never had to personally guarantee a business loan. Business loans come with many requirements in the codicil. One of the requirements for Trump's loan was his net worth had to stay above a certain level. If his net worth dropped below that level, the loan could be called in. When you make a personal guarantee you are not using your other assets as collateral. You are simply showing that you have the assets to pay if the loan is defaulted. What those assets are doesn't really matter.

Here is an example:
I want to take out a business loan for $500K to buy an apartment building for $400K and spend $200K to fix it up. (I am putting up $100K.)
Then I create an LLC to do the business.
The bank is going to require my personal guarantee so that I can't strip the LLC and leave them with a worthless piece of property that is their collateral. That personal guarantee means that if the LLC goes bankrupt in 3 years and the building is worth $400K and it owes $100k in taxes and utilities and $450 left on the loan, they will still get paid their full amount. They take the building and sell it for $200K but I still owe another $250K left on the loan personally.
Part of that personal guarantee is that I have to have a net worth of $1 million.
My only asset at the time of the loan is 10,000 shares on Intel at $200 per share which gives me a net worth of $2 million.
Those shares are not collateral. I am free to sell them and buy Nividia or IBM or even buy a nice mansion. The only requirement is that my net worth stays above $1 million.
Let's say I sell all of the shares of Intel and go to Vegas and blow $1.9 million. I buy 1,000 shares of IBM at $200. The next year. I don't have assets of $2 million but if I just tell the bank that I have 5,000 share of IBM at $200, it will appear I have over that $1 million along with the $20K in equity in the building I bought.
Did I commit fraud by telling the bank I had assets I don't really have?

If you made that representation then (you) lied to the bank and committed fraud and can be prosecuted, even even if both @FastLane and @T. A. Gardner watching only magat media claim 'no victim, no crime' as is being spun to idiots via magat media and believed by the gullible.

It does not matter if you never miss a payment on repaying that loan as the fraud is in the misrepresentation of your assets value, which then has the bank exposed more risk that is not priced in to the loan, via a higher rate or called as being insufficiently collateralised.

 

[QP!]

ROFLMAO. Really? Why didn't Trump introduce that in court then? It would have shown that the claim by James was false.

The fact is that there wasn't any appraisal of Mar-a-Lago for many times that 18 million at the time Trump claimed it was worth close to $500 million. Court records show that from 2011 to 2021, the Palm Beach County property appraiser determined Mar-a-Lago’s value was "between $18 million and $27.6 million." If Trump had a private appraisal why did he not introduce it as evidence for that time period?

AI Summary:

Yes, Mar-a-Lago is deed restricted as a private club. The deed itself is restricted, it can't be used for any other purpose, as such our office values it as we value the other private clubs in Palm Beach County," Haltermon Robinson said.

"Clearly, when you have restrictions on a property, it'll only decrease, not increase the value of the property," Beracha said. "Every time you limit basically what the property can be, the chances are that it decreases the value."

The method the county appraiser uses for a property like Mar-a-Lago is called the income approach, which reflects the club's finances. (*not the speculative redevelopment value as it CANNOT be redeveloped [QP addition])

Mar A Lago had a tax assessment value by the Palm Beach County Assessor that ranged from $18 million to $27.6 million. Trump originally had his lawyers go to court arguing that value was too high due to the "restrictions on property development" but later that year he settled and agreed that Mar-a-Lago's appraisal at about its $27 million valuation was correct and acceptable. Trump and the company then went on to list it as worth $490 million on financial documents given to banks, specifically citing that based on the highest value residential redevelopment values in the region. He did so despite knowing and citing in his tax filings that he had executed "restrictions on property" that would not allow such redevelopment as a condition of being allowed to buy the property.

 

[domer76]

No. He wasn't providing collateral. The property he was buying was the collateral. His personal guarantee is where he lied. You don't know what the heck you are talking about. Clearly you have never had to personally guarantee a business loan. Business loans come with many requirements in the codicil. One of the requirements for Trump's loan was his net worth had to stay above a certain level. If his net worth dropped below that level, the loan could be called in. When you make a personal guarantee you are not using your other assets as collateral. You are simply showing that you have the assets to pay if the loan is defaulted. What those assets are doesn't really matter.

Here is an example:
I want to take out a business loan for $500K to buy an apartment building for $400K and spend $200K to fix it up. (I am putting up $100K.)
Then I create an LLC to do the business.
The bank is going to require my personal guarantee so that I can't strip the LLC and leave them with a worthless piece of property that is their collateral. That personal guarantee means that if the LLC goes bankrupt in 3 years and the building is worth $400K and it owes $100k in taxes and utilities and $450 left on the loan, they will still get paid their full amount. They take the building and sell it for $200K but I still owe another $250K left on the loan personally.
Part of that personal guarantee is that I have to have a net worth of $1 million.
My only asset at the time of the loan is 10,000 shares on Intel at $200 per share which gives me a net worth of $2 million.
Those shares are not collateral. I am free to sell them and buy Nividia or IBM or even buy a nice mansion. The only requirement is that my net worth stays above $1 million.
Let's say I sell all of the shares of Intel and go to Vegas and blow $1.9 million. I buy 1,000 shares of IBM at $200. The next year. I don't have assets of $2 million but if I just tell the bank that I have 5,000 share of IBM at $200, it will appear I have over that $1 million along with the $20K in equity in the building I bought.
Did I commit fraud by telling the bank I had assets I don't really have?

Your example is WAY too complicated for a cultist to grasp.

 

[Lionfish]

Your example is WAY too complicated for a cultist to grasp.

What is easy for normies to grasp, the banks valued and accepted the terms, and they were fully paid back with interest.

 

[QP!]

What is easy for normies to grasp, the banks valued and accepted the terms, and they were fully paid back with interest.

if that was all that mattered in the law then there would be no charged against Letisha James.

But despite the fact magats are lied to by magat media and believe the law cannot be broken by simply signing fraudulent declarations, it is fact that the law can be broken, as Trump did, simply by signing fraudulent representations in the documents.

That is easy for normies to understand but magats... not so much.

 

[Lionfish]

if that was all that mattered in the law then there would be no charged against Letisha James.

But despite the fact magats are lied to by magat media and believe the law cannot be broken by simply signing fraudulent declarations, it is fact that the law can be broken, as Trump did, simply by signing fraudulent representations in the documents.

That is easy for normies to understand but magats... not so much.

QPeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee,

Am I happy or sad that that overweight dipshit got indicted? She has destroyed her own reputation, so who lost?

 

[Into the Night]

Sad.

Our creep into authoritarianism continues.

Nope. Trump is arresting rioters, deporting the illegal aliens, and arresting Democrats that break the law.

There is no 'creep'. Trump is President of the United States. He has all the authority he needs to put down the riotous fucks and arrest lawbreaking Democrats.

 

[Into the Night]

The Revenge Tour continues

Good!

and our democracy suffers.

What democracy?? The United States was never a democracy, Dumber.

 

[Into the Night]

It's pretty obvious to anyone not under the spell.

So? What 'spell'??

They're wildly different issues - but I liken this to the Iraq War.

The United States isn't Iraq.

Rational people knew at the time that it was dumb, and wrong.

So you would never have freed Iraqis from their dictator, eh?

But the right fell into lockstep, and didn't question it.

Of course I did. I abhor dictators.

Of course they ended up on the wrong side of history, and most deny ever supporting it now.

Nope. I always support deposing dictators and freeing the people.

It will be the same w/ Trump and what he's doing right now.

Good! Trump SHOULD go after The Oligarchy and restore order in the United States, and defend the Republic.

In 10 years, we'll hear a lot of "well, I just couldn't vote for Harris" and not much "Trump is awesome!"

You wish!


MAGA! Trump in 2028!

 

[Into the Night]

Word is that this indictment is every bit as bad and specious as the Comey one has proven to be, which means it almost certainly will not survive the motions to dismiss.

So i suspect her smug look is fully in place and only getting stronger as she realizes she will make a fool of the Trump admin and best him once again.

HAHAHAHAHAHAHAHAHAHAHAHAHA! It's going to trial, Kewpie. You can't stop it!

 

[Into the Night]

The admin will look stupid. But get ready for Trump & his cult to yell "rigged!" when they don't get what they want.

We got what we want! Trump was elected, despite your election fraud. Now steps are being taken to limit your fraud.

 

[Into the Night]

Here is a link to the indictment.

https://www.justice.gov/usao-edva/media/1416106/dl?inline

This is pretty sketchy.
It alleges that more than five years ago James took out a mortgage claiming it was her second home. That puts the original document outside the statute of limitations.

No, it doesn't, Poorboy.

They then try to get it into the statute of limitations by saying those original documents apply to all payments after that.

They do.

This is pretty ridiculous because it means everyone that ever bought a home, live in it for a while and then rent it out could be accused of this crime.

Not everyone committed fraud when purchasing their home, Poorboy.

 

[Into the Night]

A career prosecutor would not even have been able to get the Indictment as the DoJ has as a policy and norm that they MUST present to the grand jury any evidence that counters what they are presenting and helps the defense, so that they do not get an indictment only on one sided information KNOWING the jury will see both sides.

There is no defense or defense attorney at an indictment hearing, Kewpie.

And that makes sense because if you cannot get the Grand Jury to indict to the much lower standard seeing both sides of the evidence you will not get a trial jury to convict to the much higher standard when they see the evidence.

The Grand Jury is not the Trial Jury, Kewpie.

There is not a person with any functioning brain cells who believed Trump's Defense Insurance Lawyer rammed in as a fake Prosecutor

A defense attorney is not a prosecuting attorney in a trial, Kewpie.

followed the DoJ norm and policy and showed the Grand Jury, in either case, any of the countering material.

There is no defense or defense attorney at an indictment hearing, Kewpie.

All the legal experts expect, when this Grand Jury info is released and we see what was presented (and that will be released as soon as these cases are dead), that we will see a singular, one sided presentation ignoring all the countering material, which is how dishonest prosecutors can indeed, indict a ham sandwich.

Indictment hearings ARE one sided, Kewpie.

 

[Into the Night]

No. He wasn't providing collateral.

All real estate loans have collateral, Poorboy.

The property he was buying was the collateral.

Correct.

His personal guarantee is where he lied.

Property collateral is nothing to do with 'personal guarantees', Poorboy.

You don't know what the heck you are talking about.

You are describing yourself again.

Clearly you have never had to personally guarantee a business loan.

In fact, I have done exactly that! Business loans are not real estate loans.

Business loans come with many requirements in the codicil.

None.

One of the requirements for Trump's loan was his net worth had to stay above a certain level.

Nope. The only requirement is that the bank is satisfied with taking the risk of the loan, and they were.

If his net worth dropped below that level, the loan could be called in.

Nope. As long as the loan payments are being made, the loan stays intact. Personal net worth is no longer being monitored at all.

When you make a personal guarantee you are not using your other assets as collateral.

Business loans HAVE collateral.

You are simply showing that you have the assets to pay if the loan is defaulted.

Nope. The bank can seize the assets of the business that you put up for collateral.

What those assets are doesn't really matter.

True.

Here is an example:
I want to take out a business loan for $500K to buy an apartment building for $400K and spend $200K to fix it up. (I am putting up $100K.)
Then I create an LLC to do the business.

Nope. To make a business loan, you must first have the business (the LLC). The loan is in the name of the LLC.

The bank is going to require my personal guarantee so that I can't strip the LLC and leave them with a worthless piece of property that is their collateral.

Nope. They require collateral, which is the assets of the LLC...in this case, the property itself.

That personal guarantee means that if the LLC goes bankrupt in 3 years and the building is worth $400K and it owes $100k in taxes and utilities and $450 left on the loan, they will still get paid their full amount. They take the building and sell it for $200K

Nope. They will take the building and property and sell it what they can get for it. Property values generally go up, but there ARE exceptions. In that case, the bank loses money on the deal.

but I still owe another $250K left on the loan personally.

Nope. You owe nothing, The LLC is bankrupt.

If YOU took out such a loan personally, than YOU would be bankrupt.

Part of that personal guarantee is that I have to have a net worth of $1 million.

Okay...just for giggles and grins, let's say you claim this asset is worth $1 million to the bank. The bank will look at the property and determine that you are full of it and not issue the loan.

My only asset at the time of the loan is 10,000 shares on Intel at $200 per share which gives me a net worth of $2 million.

YOU are not the LLC. 100% of the 'shares' of the property in question is the LLC's. The loan application is by the LLC.

Those shares are not collateral.

YOU are not the LLC. 100% of the property is collateral.

I am free to sell them and buy Nividia or IBM or even buy a nice mansion. The only requirement is that my net worth stays above $1 million.

No such requirement. As long as the LLC makes payments on the loan, it remains intact. If the loan is paid, the loan is satisfied.

Let's say I sell all of the shares of Intel and go to Vegas and blow $1.9 million. I buy 1,000 shares of IBM at $200. The next year. I don't have assets of $2 million but if I just tell the bank that I have 5,000 share of IBM at $200, it will appear I have over that $1 million along with the $20K in equity in the building I bought.
Did I commit fraud by telling the bank I had assets I don't really have?

YOU are not the LLC.

IF you use LLC assets for personal use, the LLC is effectively dissolved, and YOU are exposed to that liability if the loan fails.
If there are other members in the LLC, you have defrauded them by breach of contract (the LLC constitution). This is theft, and can easily land you in jail on felony charges.

Under the State of Washington law, this can be construed as a class A felony. This would result in a penalty of at least twenty years in jail (up to life imprisonment), and up to $50,000 fine. A bankruptcy cannot erase that fine.

As far as the bank is concerned, they will collect their collateral (the property), and sell it for what they can get for it, since the loan failed.
You have not defrauded the bank, but you HAVE defrauded any other members in the LLC.

 

[Into the Night]

ROFLMAO. Really? Why didn't Trump introduce that in court then?

No court. A kangaroo court is not a court.

Leticial James broke the law and so did the judge. NEITHER of them have any authority over property valuation in Florida or even in New York.
The bank was paid, and the loan was satisfied. There was no bank fraud. The loan was satisfied.

It would have shown that the claim by James was false.

Any claim she makes on property valuation is false. She has no authority to valuate property in any State.

The fact is that there wasn't any appraisal of Mar-a-Lago for many times that 18 million at the time Trump claimed it was worth close to $500 million.

Irrelevant. If Trump make a claim of valuation on the property, the bank will examine that property and determine if the claim is valid before making the loan. The bank was satisfied with the claim, and they issued the loan. That is not fraud. The loan was paid. It was satisfied. That is not fraud.

Court records show that from 2011 to 2021, the Palm Beach County property appraiser determined Mar-a-Lago’s value was "between $18 million and $27.6 million." If Trump had a private appraisal why did he not introduce it as evidence for that time period?

No court records. No court. A kangaroo court is not a court.

Tax appraisers DO make valuations of property (one for the property itself, and one for the building(s) and improvements on that property) for real estate tax purposes. Such valuations can be contested. They usually aren't, because such valuations are typically lower than market value.

Market value appraisals are often conducted by banks when you apply for a loan. Trump claimed a valuation on the property for a loan, and the bank agreed with that valuation after conducting their own appraisal. They then issued the loan. That loan was paid, and therefore satisfied.

No fraud.

 

[Uncensored2008]

Sad.

Our creep into authoritarianism continues.

But it was really good when Trump was convicted of entering into and NDA - because Uber Alles democrat and shit...