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Trump Grifts, Loans, and Investigations

Discussion in 'BBS Hangout: Debate & Discussion' started by deb4rockets, Aug 22, 2020.

  1. JuanValdez

    JuanValdez Member

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    I'm going to stick with my faith in the American judicial system, as imperfect as it is, and in the good faith of ordinary citizens who try to their best when seated in a jury. They heard the case and I didn't, so I'll trust them to make the call.
     
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  2. El_Conquistador

    El_Conquistador King of the D&D, The Legend, #1 Ranking

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    The state will use many dishonest methods to try to take away your wealth, power, and reputation if you dare oppose them. And liberals cheer it all on, like fools. The vindictive American liberal throws all morals, civic duty, and integrity out the window, eroding public confidence in once-respected institutions, in order to win political disputes and hold on to power. If they don't like you, then they want you broke and in prison -- that would make the American liberal feel good!

    Honest, decent Americans are smarter now than they ever have been -- the internet doesn't let the statist liberals' dishonest acts go on unnoticed anymore. Which is why in the face of all of these lawfare political attacks, Trump grows stronger in the polls.
     
  3. No Worries

    No Worries Member

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    'Very revealing': Trump biographer says 'fire sale' will expose financial 'house of cards'

    The astonishing amounts Trump may be on the hook to pay are exposing his real wealth.

    Trump's staring down the barrel of an $83.3 million E. Jean Carroll jury judgment and possible $370 million civil fraud decision by a New York judge that could jeopardize his business license and hinder his real estate empire.

    Author David Cay Johnston appeared on CNN, saying former President Donald Trump's in huge trouble.

    "I think we can expect the judge will renew his order removing Donald's business licenses, we call them certificates in New York, so Donald can't do business in New York," Johnston said.

    He's referring to the late September ruling by Manhattan Supreme Court Justice Arthur Engoron siding with Attorney General Letitia James' prosecutors who brought the civil lawsuit.

    He determined the former president’s companies must be wrested from his control and dissolved because Trump, his grownup sons Erik and Don Jr., some executives, and the Trump Organization overhyped the value of his portfolio and bottom line in critical paperwork to secure more favorable deals and bank loans.

    The state is asking for $370 million and to bar Trump and other defendants from being able to oversee any company in the Empire State.

    If he doesn't have the $10 billion that he claimed back in 2015, the 45th president will need to liquidate.

    "He is probably going to have to sell some properties, and it may be done through the monitor, to come up with the necessary cash, but of course the sale under these circumstances is not going to be at the highest price, it'll be closer to a fire sale price, for any of his assets."

    Compounding Trump's issues are the details in a report delivered to Engoron by Trump Organization's monitor, Barbara Jones who reported to Engoron that the issues, specifically a $48 million loan between Trump and one of his companies, "may reflect a lack of adequate internal controls," according to The New York Times.

    Trump’s lawyers hit back at Jones denying the fraud and accusing her of acting in bad faith.

    This may be the start of exposing Trump's financials.

    "There's a lot you don't see in Trump's financial statements that raise questions about reality versus fiction," said Johnston. "So, this is going to be very revealing about how much of a house of cards Donald's finances are."
     
  4. adoo

    adoo Member

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    the E Jean Carrol 83.3 million E. Jean Carroll jury judgment could be just the beginning of Trump's collapse into another bankruptcy, the first one in this century


    the Washington, D.C., juries could make that New York number look small if they return verdicts against Donald Trump in the civil cases brought against him by 11 members of the House of Representatives.”

    Three police officers are also suing over Jan. 6, he added, and each case could result in “hundreds of millions of dollars” from Trump.

    Trump could end up with $1 billion or more in judgements against him in the coming years, making the $90 million he owes Carroll “just be the beginning of Donald Trump’s collapse into bankruptcy,”

    https://www.huffpost.com/entry/lawr...ext=Trump could end up with,,” O'Donnell said.
     
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  5. deb4rockets

    deb4rockets Member
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    He won't need the money in prison anyway. They don't have McDonalds there.
     
  6. No Worries

    No Worries Member

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    Lucky for the One Man Crime Wave that his Mar-a-Lago property is worth over a billion.
     
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  7. NewRoxFan

    NewRoxFan Member

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    I wonder how much court time and its impact on our legal process is wasted by specious and frivolous trump legal maneuvers... does he get billed for stuff like this?

     
  8. NewRoxFan

    NewRoxFan Member

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    The criminal claiming its not a crime...

     
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  9. NewRoxFan

    NewRoxFan Member

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  10. No Worries

    No Worries Member

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    Many old white rich people are saying ...
     
  11. No Worries

    No Worries Member

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    We want delays!

    Dementia Don's lawyers are also screaming election interference.

    IIRC Dementia Don has to be present in court every day for his criminal trail(s). This will cause Dementia Don many hardships in starting his golfing three day weekend early ... and perhaps political rallies weekday nights.

     
  12. deb4rockets

    deb4rockets Member
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    It's such a stupid defense. He's running again to try and avoid prosecution for his crimes, and fundraise for lawyer fees. He isn't above the law. Can you imagine if any indicted felon in this country could just run for election after their crimes to avoid prosecution? LOL
     
  13. NewRoxFan

    NewRoxFan Member

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  14. Commodore

    Commodore Member

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  15. Andre0087

    Andre0087 Member

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  16. edwardc

    edwardc Member

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  17. No Worries

    No Worries Member

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    Trump will certainly appeal and delay, delay, delay. Each delay will increase the fine, since the fine gathers interest as time goes by.

    But at some point the court appointed monitor will start liquidating Trump Inc assets to pay his fine.

    ETA:
    IIRC for this fine and the E Jean Carroll fine, Trump will need to either pony up the entire fine or get a bond to cover (80% with the other 20% as cash upfront).
     
  18. Amiga

    Amiga Member

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    "Overall, Donald Trump rarely responded to the questions asked, and he frequently interjected long, irrelevant speeches on issues far beyond the scope of the trial," the judge wrote. "His refusal to answer the questions directly, or in some cases, at all, severely compromised his credibility."

    "The accountants created these 'compilations' based on data submitted by the Trump entities," the decision said. "In order to borrow more and at lower rates, defendants submitted blatantly false financial data to the accountants, resulting in fraudulent financial statements. When confronted at trial with the statements, defendants' fact and expert witnesses simply denied reality, and defendants failed to accept responsibility or to impose internal controls to prevent future recurrences."
     
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  19. ROCKSS

    ROCKSS Member
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    He has to pay interest on that money which is at $100 million now................could not happen to a nicer man and spare me the crap this was a victimless crime; laws were broken and now he can't do business in NY for 3 years.................I read a large part of his ruling and it was well thought out and articulated, the boy wonders also have to pay a million each
     

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