Manhattan DA's investigation into the Trump Co's Finances

But do they have to match?

 

Tax laws and GAAP rules are different for presentation purposes and filings so yes differences can occur in how you tally up the underlying records. But the underlying records, the “books”, will be the same. Having “two sets of books” is an indication that a crime is being committed.

From the article:

“Inconsistency is not a crime. The intent to defraud is a crime," Robbins told Insider. "What a prosecutor is going to be looking at is: Did Trump seek to defraud the government of the United States with respect to the valuation of assets and the paying of taxes? Was there an intent to defraud banks?"

 

Aren't real estate appraisals usually lower than tax valuations. Doesn't the government access property value for tax purposes

 

An appraisal for a bank loan is p

When I worked in bank lending the property tax value was always lower. Banks require appraisals from a third party we all know. That's the other thing, a bank would require an appraisal to make a loan. The loan isn't based on what Trump told them

We all know your home appraisal is more than the property tax value

 

Similarly, the Madoff scheme went on for 40 years and no one had sued him, so that investigation was also a waste of no time. No chance there could be fraud.

 

Yeah a bank didn't know a fifty million dollar building actually wasn't there. Great comparison

 

Yeah, this happens waaaay more than you realize.

 

Are you seriously comparing the process for which normal people finance a home vs Trumps lending relationship with Deutsche bank?

Your note too about the bank suing him is an important note. Because Deutsche bank is in as much hot water as he is if not more financially because they were in on the scheme themselves to help him out as they were benefiting from the relationship themselves at the time.

The fact is that Trump didn’t have a 30 year mortgage. These were hundreds of million dollars in a business fund that Trump could use for practically anything. Deutsche bank was essentially part owner of the Trump business/brand and were investing in him. Think of them more like a cash investor who gives 100k to real estate flippers to do what they want on a property as long as they get their 15%. Only in this case Deutche bank were factoring in the value they got in marketing from Trump’s celebrity so a loss on his business and never recouping the 15% or whatever the percentage of the loan was wasn’t a factor they were banking on and never held him accountable. They didn’t mortgage a house for him and weren’t going to seize Trump tower if he recording a loss and didn’t make payments. It was a scheme.

You are judging space debris vs the planet Jupiter.

 

It doesn't matter if it's a home or the Empire State Building. The government doesn't value your property for property tax purposes as much as it's market value.

People really don't understand banks. They would never put depositos' money at risk like that for anything especially for something as trivial as being associated with Trump. Do they advertise they such loud mouth borrowers?

 

Your last sentence doesn’t make sense, but I think you are asking if banks loan money just for celebrities to promote themselves… and in this case yes. Deutsche bank scratched his back so he would scratch theirs. Again… this was pre-presidency. No other legit bank would touch him because Deutsche bank has been proven to dabble in scams most larger banks won’t involve themselves in. There are accusations about them just being a money laundering front for foreign dictators but in this case we don’t know that for a fact but we do know from 98 to 2015 Trump had a promotional relationship with them at the very least.

Its been reported numerous times that Trumps loans are not always real estate mortgages, but personal loans that are highly uncommon. 6 months to a year deferrals were also reported. This isn’t your normal 30 year mortgage. I don’t know why that’s so hard to understand.

Deutsche bank also has had like 5 billion dollar loss years recently. It’s not really a legit bank anymore even if it has a part of it that is operating like it is.

To your point about taxes & appraisals which is incoherent as well…banks require an appraisal before they loan so they know that they are not giving you more money than the property is worth so if you default they know they can easily foreclose and resell without a loss. It’s that simple. That’s not how Trumps loans work or a capital investment loan works for a business where the bank is an investor.

I don’t understand the point you are trying to make about Trumps lending relationship with Deutsche bank. Nothing you are saying really makes any coherent sense. The basic fact is they and other banks lent him money when they shouldn’t and we know he scammed the government out of millions of taxes by misreporting his property values. It’s not that complicated.

 

Your griefing degrades the bbs experience for everybody else.

 

https://www.reuters.com/article/us-usa-trump-deutsche-bank-idUSKBN29H0PM


Trump's loans with Deutsche are for a golf course in Miami and hotels in Washington and Chicago.

They dropped Trp because of the the assault on the Capitol and the loans were real estate loans. Wtf are youu talking about and stop saying I don't know what I'm talking about.

Now where are your sources or stfu. TIA Good lord you totally made that **** up and you have idiots liking the post.

I mean really bro. talking down to me like you are in that post like you're absolutely certain they're not real estate loans when the investigation is about the property valuations. You need help bro

@adoo this is the delusional idiot you're latching on to in your pgabriel hate. Wow

Adoo not the other idiot, you agree with that stupid post? You're an informed accounting/finance person. Trump has driven you insane, from the Ivanka stupidity to this. If you're a CPA someone needs to report you

 

Some of you guys need to let go of beliefs like Trump is broke, involved in money laundering, etc etc. Real estate is pretty ****in simple and well regulated. Yes banks do make mistakes and give money to dreamers and scammers but Trump's business is older than him. Let it go

 

Nah, we have public testimony from Cohen that Trump committed crimes related to this, hence the investigation.

Investigations are good things, because they reveal the truth.

If he didn't do anything wrong then the the investigation will show that and we will have finality.

Everyone should be in favor of an investigation. Its very odd you would argue against one.

 

It hasn't revealed **** so far