It called a “Major announcement” wonder if it is, finally,
the indictments of IQ45…
Kropotkin
civil fraud case. kids named.
best part is that liz harrington got on twitter and said that he didn’t overvalue his assets, and that he actually undervalued them. funny because that’s also fraud.
then trump got on truth social and posted that they’d have a hard time proving that he overvalued anything because valuations are subjective. funny because he fudged some hard numbers like the sq footage of his trump tower condo, which a the primary metric by which real estate is valued in a given market. he also inflated the value of mar-a-lago from arounf 70 million to over 750 million. at a certain point, all but the most brainwashed will have to acknowledge that this is plainly an overvaluation. to say otherwise is to render the term itself meaningless.
also revealed that deutsche bank has been fully cooperating
also a bankruptcy judge appointed a 3rd party to run infowars so alex jones doesn’t have control of his own company for the time being.
now james is seeking a baseline of 250m in damages for this trump case, and to have those named in it precluded from holding and corporate board positions in companies that do business in new york. and she’s seeking to bar them from real estate transactions in new york.
they’re making him show his hand. banks wont touch him now, and if he has to pay these kinds of judgements he’ll have to work up the cash or grift his supporters harder. my suspicion is that he’ll use the money from his pac somehow, but then they’ll get him for doing that. he’s circling the drain.
skip to 25 mins for it to start
[youtube]http://www.youtube.com/watch?v=UP2tXSRpLCA[/youtube]
After AG James spent $millions in NY tax and 3 years in a desperate attempt to find something to charge Mr Trump - coming up empty and with her reelection coming up - she decides to pursue a victimless civil suit claiming only that SHE thinks Mr Trump over-evaluated his properties when seeking bank loans.
Her problem is that not only did the banks get the loans completely payed off - it was their responsibility to evaluate his properties to their own satisfaction - which they did - and had no complaints.
AG James doesn’t actually have a case but had to attempt something just to justify her expenditures while having ignored actual crimes in NY (letting murderers and others out of jail). It has been purely political (she ran her bid for AG on the boast that she will find something to ensure that Mr Trump goes to jail).
In addition AG James can now be sued for malicious prosecution by Mr Trump, family, and the Trump Organization team.
As usual - due to your extreme fantasy hatred - you blokes are getting ahead of your skis (again).
you saying he didn’t commit those crimes?
- It is a civil suit - there are no “crimes” involved.
- There is no credible evidence yet that any injury was suffered.
- There is strong evidence that no injury was suffered.
It is incumbent upon the AG to PROVE the degree of suffering ($250 million) stated in the suit. Prior to AG James’ 3 year struggle to find something to indict Mr Trump for - no bank registered any complaint - and all loans were paid off.
It would be very difficult to prove hardship of the banks when they did their own assessments - made the loans - and profited from those loans. If Mr Trump’s properties were over-assessed -
- The banks involved were responsible for that (no bank takes your word for your value).
- The banks profited MORE by over assessing (they get a percentage).
I think Mr Trump and family and corporation all individually have a strong civil case against AG James and New York (already - even before any litigation). They might all substantially profit by AG James’ rhetoric (tune of millions each).
he broke the law bruh
Then why is it a civil suit mate?
State the “law”.
K: fraud… for income tax purposes, he would state different
valuation of homes, to lower his taxes… for example, his Bedford
NY home, he purchased it for 7.5 million, and he estimated its
tax value as 745 million, but it was appraised for 56.5 million…
and by using that inflated appraised amount, he asked for millions
in bank loans… that boys and girls is fraud… in America,
banks get far more legal protection than its average citizens…
and for tax purposes, he varied the appraised value to decrease
his taxes… once again, defrauding the government…
so exact same house was appraised differently depending
on whom he was defrauding…
that is the laws he broke… financial laws… this is why the
state of NY is going the civil route and not the criminal route…
to get back the money he defrauded the state of NY…
in a criminal suit, they are not going to get the money back…
but in a civil suit, they should get their money back…
Kropotkin
You must be thinking “NY taxes” because the US IRS would have nailed him long ago - but neither did NY for how long? - why not? - because they were not trying to illegitimately prosecute for political purposes.
And again - this is a CIVIL suit. Tax fraud is NOT a CIVIL case but a felony - a CRIMINAL case.
Did you think about that claim?
The higher the value - the MORE tax you pay. If he assessed his own property to be worth 10 times its actual value - he would PAY far greater taxes.
The actual accusation is that he over estimated his property value TO the BANKS so as to get larger bank loan qualification. The problem with that is that the banks are responsible for making their own assessments and loan accordingly. It is not a crime to tell someone that your house is worth $billion.
In addition the banks got payed from their loans. That means that the banks made more money than they would have if they assessed the property lower. And until AG James pushed - no banks were complaining - despite the media promoting TDS for years.
If it involves a LAW - it is a criminal case. Civil cases are for accused civil injustice - including and especially financial injustice. A judge gets to choose who should be rewarded or not - nothing to do with laws - else the judge would have no choice.
Their intent is to jail him (actually just to make idiots think that he is a criminal - to hide the fact that O’Biden is the actual criminal). There has been NO MONEY LOST.
When it comes to assessing property - everyone makes a guess. There is no official price. The government wants to over estimate to get more tax money. The property owner wants to under estimate to pay lower taxes. A purchaser or loan officer tries to estimate to gain their own profit/probability goals. Note that AG James claims that the property value was actually $6.5 million - a LOWER amount = LESS taxes. Her claim is that the banks were cheated - but they made their own assessments and got payed all they asked for.
For punishment to be reward - LOSS must be evaluated. But No matter which way you go - no one lost money. So where is the case? Even if they proved that he lied - without actual “real” loss - there is no penalty for lying (else ALL of your politicians would be in jail).
Peter Kropotkin:
K: fraud… for tax purposes, he varied the appraised value to decrease
his taxes… once again, defrauding the government…
so exact same house was appraised differently depending
on whom he was defrauding…
K: I can’t speak for the IRS… I can only state that in NY, as in CA,
where I live, if you lie about the value of your house to cheat
the government of taxes, that is breaking the law…
as I have already noted, you’re not being an American, means
you have no understanding of American law… which differs from
state to state…thus NY law about taxes is different than California laws
about taxes…
K: that is the laws he broke… financial laws… this is why the
state of NY is going the civil route and not the criminal route…
to get back the money he defrauded the state of NY…
in a criminal suit, they are not going to get the money back…
but in a civil suit, they should get their money back…
K: and in a criminal case, he would be facing jail, but NY is trying
to get their money back and thus is taking the civil route, and not
the criminal route…as usual, just follow the money and we can see
why the state of NY, is taking the route it is…it is more interested
in recovering its money…
Kropotkin
They are NOT merely trying to get their money back (don’t be an idiot - well --try). They would gladly pay more than $250 million just to be able to indict Mr Trump (they have already spent that much pursuing him).
And if they wanted the money - the way to get it is to prove that he committed the crime - then sue for recompense.
She wants to assess his properties for one amount. He assessed them at a different amount. She wants to convict him of something - anything - even said so herself. He can sue her for more than she can sue him.
And for someone who has clearly never even read his nation’s constitution - you really shouldn’t be talking about who knows about your laws.
to make this simple, for even the dummies around here, can
understand, I present this as an example…
We own a condo in California, which is appraised to around 950,000…
and I go to the tax office and claim that my million-dollar condo is
only worth $10.00 bucks… and so I would pay, if they actually bought
that, I would pay taxes based on my estimation of my property being
only worth $10 dollars… thus saving me thousands of dollars…and
screwing the state of California out of those thousands of dollars…
that is against the law…
now if I turn around and say to the bank, my property is worth
$20 million dollars and try to get a loan based on my false assessment
of my property being worth $20 million dollars, that is lying to the
bank and that too is a felony… and I can be subject to the laws
of the state of California… I can’t cheat either the government nor
can I cheat the bank… and that is exactly what IQ45 did…
He cheated both the government and the banks by either
increasing the value of his property, the banks, or decreasing
the value of his property, the state…
and that is what the State of NY is doing… trying to get back
real money based on the lies of IQ45…
Kropotkin
K: and this isn’t the constitution, this is state law being the state law of
NY… and I personally would love it if IQ45 sued NY or her…
the discovery stage of the trial would destroy IQ45…
and thanks for admitting you aren’t an American…
you can’t even tell the difference between state law
and the constitution…
Kropotkin
watch the press conference g. james gonna make criminal referrals to doj
From what I have observed - the DOJ gets referrals for investigation (which would be required before anything else) and prosecution concerning criminal activities of all congressmen and administration officials and agents. Of course the third-world corrupt AG Garland will only attend to republican - specifically Trump related concerns.
You obviously love to hate based on mere suspicion - I don’t.
The investigation stage of AG James’ malicious prosecution has already done all of the discovery possible. She found nothing - but pursued anyway -THAT is where she has violated his rights and created damage by publicly announcing a fraud case that she has been trying to create.
And you are not from NY - so obviously you don’t know anything about NY laws, right - - right? – isn’t that right? “If you don’t live there - you know nothing about their laws” - that IS what you said - right?
What is truly fascinating here, of course, is in imagining the reaction of the MAGA crowd if all of this had unfolded after Obama left the White House.
But that’s how the minds of the fulminating fanatic objectivists often work. They see what they want to see in order to sustain their own political convictions prejudices.
In fact, few were better at this than I was back in my own “one of us” [the good guys] vs. “one of them” [the bad guys] days.
The “psychology of objectivism” let’s call it. 