Trump Found Guilty In NY Civil Fraud Case

Trump Found Guilty In NY Civil Fraud Case

#accounting #accountant #accountingmajor #business #businesspodcast #podcast

[SoccerBoyAP]

They should apply the same court rulings to the rest of Washington DC; clean the swamp real quick.

[sass]

Banks do their own appraisals, right?

[davidseed]

i. an drivw at 100mph through a town at night and noone get hurt.
but it's still a crime and i could go to prison. but no victim.

that's not how the law works.

[capitalistlife]

So if I tell the bank my house is worth $50 million they’re just gonna believe me?

[josephmeade]

Best start jailing all real estate people???

[stephenstafford]

This is willful ignorance. These are crimes, you can understand, and choose not to.

[nukemaster]

so your saying its ok to break rules as long as you make money?

[fjb]

TELL EVERYONE ABOUT JOHN STEWART AND HIS OVER EVALUATION OF HIS PROPERTY WHICH HE OVER VALUED HIS DUPLEX TO THE SUM OF 18 MILLION ANDS WAS ONLY WORTH 1.5. IT WAS IN NEW YORK HE PAID TAXES ON $875K WHICH WAS WHAT IT WAS REALLY VALUED
SO WHEN DO THEY ARREST MR STEWART

[garylovelace]

He is screwed, the interest on this is 17 dollars a second.

[alexmcleod]

I'm gonna confuse a lot of commenters here. I don't like Trump. But whenever you apply for a loan, the bank appraises your collateral and decides how much it is worth to them. When you pay property taxes, a government official tells you how much it is worth and you pay tax based upon that number. Use that information as you see fit.

Also, someone mentioned something about money not apparating from nothing. That is literally how our monetary system works. For every dollar a bank has, they can loan 10.

[dodgeman]

See that this has now put a chill on New York City developers who are basically holding off there's been many projects shuttled because of this finding because they don't want to be sued.

[maryreyes]

The lenders should be liable to since they approved the loans. It’s not like Trump forced them to give the loans.

[wirebrushproductions]

Each state can make its own laws, as long as they don't contravene the Constitution. New York has chosen to define business based on lies as fraud.

[gene]

What trump did was standard practice and the bank would do business with him again they said so them selves.

[trillofernando]

That argument is so stupid.. he defrauded the state amongst others... it's like saying "but officer, i didnt hit another car when i was going 130mph! There's no victim" see how that works out..

[PhiladelphiaFreedom]

What about the taxpayers? They are the victims

[ΦίλοςΤουΑλήθειας]

There was no jury. The judge, (Arthur Engoron), refused to allow this to go to trial. He also refused to allow defense to present evidence. There were no injured parties and the NYC’s assessments of value were commensurate with the Banks own appraisals. Yet, this is a “conviction”? Of what?

[harmonj]

A crime is a crime, and that's not a defense, hence him losing.

[sidengland]

ALL total BS. Everybody agreed to the deals.

[loganl]

Dumb place to cut that off, I bet he goes into explaining how money doesn't just apparate out of nowhere, if someone gained money they shouldn't have SOMEONE lost money they shouldn't have.