Officials cement plans for Trump's $250 million civil fraud trial

Former President Donald Trump defrauded banks and insurers as he built his real estate empire, a judge ruled Tuesday. Lauren Glassberg has the story.

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[ryebread]

11.99 for the same gallon of milk today. Was 4.99 in 2019. We care about that more.

[dalepiedlow]

Don't they have property appraisers in New York.? Every loan I applied for; the bank sent out an appraiser to be sure the property was worth what I said it was worth. Don't they bother to do that? Did they take Trump's word for it? I think the banks and tax authorities should have to answer for this.

[kamwamtam]

When I was kid, I always hear " Night robbery is thieves, day robbery is the unethical, unrighteous ambitious, incapable judges." Is it true today ? Their money pockets, their properties, their bodies are bigger and bigger of course their hearts, their minds are more and more the wicked, malignant schemes while the ethical, righteous judges and people's pockets, property, bodies are flatter and flatter and their minds are duller and duller .DO NOT HEAR WHAT THEY SAY BUT LOOK AT WHAT THEY HAVE DONE.

[robertmartinez]

"you better take your Diamond Ring, You better Pawn it Babe " like a rolling stone. 1965

[SuperIknow]

Market value and tax value are 2 separate things. The county does their own taxes and appraisal each year. If they say your property tax value is 1BB and the market value is 2BB so be it. That's the bill the county sends out annually.

[MelidyGorham]

😅😅😅😅, and then he had the nerve to add a ridiculous disclaimer to the application. But to say the disclaimer didn't mean anything and to say it was at the lenders peril if they believe the disclaimer, even though it was written on a legal document then it's their problem not his. OK then if that's the case return the money to the lenders.

[MaryReese-oyis]

Bank appraisers on the take? Who runs the bs is. Used to be board members.
Market value and tax value are different due to deductibles like upgrades, repairs etc.

[jimmyk]

I think I'm going to tell the bank my house is worth $3 million and give me a loan for that amount. I see the banks don't see how much it's really worth so show me the money.

[amelliamendel]

Lies, he never spoke to any actual union members, The UAW didn't want him there so he went to a factory that wasn't even a union factory and paid people to hold signs and pretended to speak to Union workers. Reporting that he spoke to Union members is either really sloppy reporting or simply disingenuous.

[Carlospjr]

His lawyer 😂😂😂😂 He’s going into Court with a parking lot Attorney, instead of a powerful law firm.

[mac]

Word on the street is there's going to be some prime real estate in New York. 😂😂😂

[kennethfoley]

Seems to me a property owner should be able to claim any value they want when seeking a loan against their property. It should be the banks responsibility to ensure that the property value is adequate to secure the loan. What's going on here is insane.

[victorortiz-pige]

I wanted to try something. I looked at all of profiles from the 50 comments and all negative comments were bots with no history or any content. Crazy. 😂

[robotmind]

It was a democratic georgia judge means nothing.

[creative-measure]

When will see both the congressional members and senators who still give aid and comfort to the insurrectionists.

[SisterMaryElephant]

Papa Joe Stalin smiles upon this development.

[richardsampson]

Forbes estimated 350 million. He did nothing out of the ordinary.

[Kbaur]

I’m in banking and we don’t lend based on what the customer says. Something is worth. We hire a professional, appraiser to determine the value and we go off that. It doesn’t matter what someone says something is worth on their personal statement. That’s their opinion. This case sounds like a lot of BS to me. It was decided by a judge who does not know much about business. Or clearly has a political angle to try to damage him! They loved Trump up until he came out as a Republican. When he was a Democrat, all these people literally lined up to blow him. It shows you how corrupt these people are.

[marilynbarnett]

By market comparison, Trumps property was way undervalued. Furthermore, it’s the banks job to get a professional appraisal, not Trump. If the banks took Trumps word for it that’s on them because Trump is not a licensed appraiser.
Is the judge smarter than a two year old?

[lambroskampolis]

Did he pay back the loans he received from banks