Trump Indictment Watch

Garmel said:
My point stands because even without the "inflated" value they still loaned him the money, didn't they? Why did they loan him the money even though he wasn't at the 2.5 billion threshold? You know why? Because they know how subjective all of this really is. Just because their assessment is different than Trump's own doesn't make either one right or wrong. I can go along with the idea his brand isn't as valuable as he thinks it is because I don't know either way but it's not the courts' business to decide.

According to this judge if I had assessed that property I discussed earlier at 100K while they valued it at 10k I committed fraud at that exact time. See how stupid all of this is? It's too subjective.
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Wheres the limit. If I apply for a loan and list my 94 Nissan Altima as an asset worth 12 million dollars is it still subjective? Theres reasonable mistakes and high estimations and then theres what Trump did. If people could just make up whatever amounts they want there would be no reason to even ask for financial disclosures for loans or for it to be against the law to lie on them. As I pointed out he grossly inflated assets even on properties he said he didnt include his brand value.
 
Garmel said:
With this case I definitely will. Nearly anybody who deals with real estate will tell you this stuff is too subjective to pin down and the free market rules it, not the courts.
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The free market has precedent and comparable assets to gauge value. Like with the apartment, only one NY apartment has ever sold for 100 million. It was 11,000 square feet. What exactly makes Trumps apartment worth over 3 times more per square foot? When a person has their property appraised and then list on financial disclosures that the value is 600% of that and then lies to their own accounting firm about the existence of that appraisal its pretty clear the intent was fraud.
 
cajunrevenge said:
The free market has precedent and comparable assets to gauge value. Like with the apartment, only one NY apartment has ever sold for 100 million. It was 11,000 square feet. What exactly makes Trumps apartment worth over 3 times more per square foot? When a person has their property appraised and then list on financial disclosures that the value is 600% of that and then lies to their own accounting firm about the existence of that appraisal its pretty clear the intent was fraud.
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When the square footage was corrected they put the value at around 116 million. The whole "lies to the accounting firm" stuff isn't established fact. Trump's people and Mazar aren't seeing eye to eye.
 
cajunrevenge said:
Wheres the limit. If I apply for a loan and list my 94 Nissan Altima as an asset worth 12 million dollars is it still subjective? Theres reasonable mistakes and high estimations and then theres what Trump did. If people could just make up whatever amounts they want there would be no reason to even ask for financial disclosures for loans or for it to be against the law to lie on them. As I pointed out he grossly inflated assets even on properties he said he didnt include his brand value.
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The free market handles it. You couldn't get a loan with that figure. Like I said it's up to the bank to decide market value. I wouldn't be against Trump paying a reasonable fine for having facts wrong like the square footage of a building. However, to call it fraud and take away his business license is ridiculous.
 
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cajunrevenge said:
Wheres the limit. If I apply for a loan and list my 94 Nissan Altima as an asset worth 12 million dollars is it still subjective? Theres reasonable mistakes and high estimations and then theres what Trump did. If people could just make up whatever amounts they want there would be no reason to even ask for financial disclosures for loans or for it to be against the law to lie on them. As I pointed out he grossly inflated assets even on properties he said he didnt include his brand value.
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How many comps for your 94 Nissan Altima are there ?
 
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There's only one cajun.
 
Garmel said:
When the square footage was corrected they put the value at around 116 million. The whole "lies to the accounting firm" stuff isn't established fact. Trump's people and Mazar aren't seeing eye to eye.
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Again with this BS narrative that everyone's out to get Trump. He talks **** about someone then you people say they aren't credible witnesses because "they don't see eye to eye". The Mazars accountant has no reason to commit perjury to "get Trump". That accountant testified that they asked the Trump org if there were other appraisals and they lied that there were none. Trumps lawyers don't even dispute that from what I have seen. If all this was just about the square footage of his apartment he wouldn't be getting sued. That's just one of the many properties he purposely misrepresented the value of. There's lots of opinions and speculation in real estate but you can't claim properties appraised at 40 million are worth 600 million. That's fraud. Keep in mind Trump got to pick who appraised his properties. These were not tax appraisals or appraisals done by parties who don't like him.
 
cajunrevenge said:
Again with this BS narrative that everyone's out to get Trump. He talks **** about someone then you people say they aren't credible witnesses because "they don't see eye to eye". The Mazars accountant has no reason to commit perjury to "get Trump". That accountant testified that they asked the Trump org if there were other appraisals and they lied that there were none. Trumps lawyers don't even dispute that from what I have seen. If all this was just about the square footage of his apartment he wouldn't be getting sued. That's just one of the many properties he purposely misrepresented the value of. There's lots of opinions and speculation in real estate but you can't claim properties appraised at 40 million are worth 600 million. That's fraud. Keep in mind Trump got to pick who appraised his properties. These were not tax appraisals or appraisals done by parties who don't like him.
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My bad. I keep forgetting any witness that testifies against Trump can't be lying or mistaken nor any site you get this info isn't biased and not telling the whole truth either.

Trump's 116m estimate in 2017 for the penthouse is extremely reasonable.
 
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Garmel said:
My bad. I keep forgetting any witness that testifies against Trump can't be lying or mistaken nor any site you get this info isn't biased and not telling the whole truth either.

Trump's 116m estimate in 2017 for the penthouse is extremely reasonable.
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When Trumps lawyers don't even dispute the testimony I assume it's fact, yes. And I think 116 million is a reasonable estimate of his apartment.
 
No mention here of limited gag order imposed on DJT.

Before you start, does anyone think he is a " candidate " for any reason besides keeping his crooked ass outta prison.
 
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