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Providing false information is fraud.Shw me the document where he did that.
Read any article about Trump. You can't be this fucking stupid.
In articles about his relationship with the German bank, he told them his net worth was over 8 billion. Fraud.
The bank does due diligence then decides if they want to lend. If the bank takes him at his word without verifying his net worth, that’s on the bank.
Claiming that you’re worth $8 billion is not fraud. Providing fraudulent documentation is fraud.
Trump values his brand at whatever is over a billion dollars. It’s up to the bank to determine if his brand value is worth that much.
So, it is perfectly legal to verbally misrepresent ones financial strength when applying for a loan.
I don't disagree. I was using an example. We also don't know that he didn't submit false documentation. We do know that he lied about his net worth, and we know the underwriters at deutsche bank knew he was lying. Was that documented? We are going to find out, you know.There’s no evidence that Trump submitted false documentation
When you sign the loan application and then sign the loan note based on that information, it most certainly is fraud. In fact, It's a felony. You are way offbase. Whether or not the nodding sycophant banker was complicit in this fraud does not relieve the borrower of responsibility for this fraud. That would just be a conspiracy, and both parties would be guilty of fraud.Claiming that you’re worth $8 billion is not fraud
Do you understand why we have an NMLS registry?
100% false. The borrower has still committed a crime.If you go to the bank to get a loan on your home and claim it’s worth $2 million when it’s really worth $200,000, and the bank gives you a million dollar loan, that’s on the bank.
It is, if trump is knowingly lying. And if the banker knowingly goes along with the lie, he is also guilty of fraud.It’s not fraud if Trump claims his brand is worth $7 billion and has $1 billion in hard assets.
I don't disagree. I was using an example. We also don't know that he didn't submit false documentation. We do know that he lied about his net worth, and we know the underwriters at deutsche bank knew he was lying. Was that documented? We are going to find out, you know.There’s no evidence that Trump submitted false documentation
No, granting a loan to a defaulted,poorly qualified borrower to pay off another lending division of the same bank is NOT typically how banking works. Saying it is is as absurd as saying that granting a loan based on knowingly false information relieves the borrower of accountability for the felony they have committed .
I didn't say it was. I said signing a loan application which states that and then signing a loan note based on that information IS fraud. Please stop with the dishonest garbage, thanks.Claiming that you’re worth $8 billion without backing it up isn’t fraud.
Still wrong. The fraud is in the intent. Yes, that can still be fraud.Why it’s not fraudulent to claim what your brand is worth is because it’s almost impossible to know for certain.
I didn't say it was. I said signing a loan application which states that and then signing a loan note based on that information IS fraud. Please stop with the dishonest garbage, thanks.Claiming that you’re worth $8 billion without backing it up isn’t fraud.
Still wrong. The fraud is in the intent. Yes, that can still be fraud.Why it’s not fraudulent to claim what your brand is worth is because it’s almost impossible to know for certain.
Irrelevant. One would only have to prove that he knowingly inflated this number. Yes, that would be tough to do, but if enough people are willing to testify to this, it can sway a jury.No, it’s not because you can’t prove that he’s wrong.
The last time you mentioned your banker friend, you claimed he said that trump paid deutsche bank in full. That is false, by a margin of up to $175 million. Your friend either does not exist, or he is a shameless liar, or you are lying about what he said. In any of these cases, we can reject your banker friend as a credible source of anything.I know the banker.
I don't disagree. I was using an example. We also don't know that he didn't submit false documentation. We do know that he lied about his net worth, and we know the underwriters at deutsche bank knew he was lying. Was that documented? We are going to find out, you know.There’s no evidence that Trump submitted false documentation
No, granting a loan to a defaulted,poorly qualified borrower to pay off another lending division of the same bank is NOT typically how banking works. Saying it is is as absurd as saying that granting a loan based on knowingly false information relieves the borrower of accountability for the felony they have committed .
Claiming that you’re worth $8 billion without backing it up isn’t fraud.
What’s fraudulent is if an appraiser says your building is worth $200 million but bribe him to say it’s worth $400 million. There is no evidence that happened.
Why it’s not fraudulent to claim what your brand is worth is because it’s almost impossible to know for certain. Someone might say his brand is worth $7 billion and someone else might say it’s worth $7.
Irrelevant. One would only have to prpve that he knowingly inflated this number. Yes, that woild be tough to do, but if enough Peole are willing to testify to this, it can sway a jury.No, it’s not because you can’t prove that he’s wrong.
The last time you mentioned your banker friend, you claimed he said that trump paid deutsche bank in full. That is false, by a margin of up to $175 million. Your friend either does not exist, or he is a shameless liar, or you are lying about what he said. In any of these cases, we can reject your banker friend as a credible source of anything.I know the banker.
And my job title is "executive vice president of lending". So you go ahead and have your banker friend log on to this board and i will happily discuss who knows what and what the facts are.
I don't disagree. I was using an example. We also don't know that he didn't submit false documentation. We do know that he lied about his net worth, and we know the underwriters at deutsche bank knew he was lying. Was that documented? We are going to find out, you know.There’s no evidence that Trump submitted false documentation
No, granting a loan to a defaulted,poorly qualified borrower to pay off another lending division of the same bank is NOT typically how banking works. Saying it is is as absurd as saying that granting a loan based on knowingly false information relieves the borrower of accountability for the felony they have committed .
Claiming that you’re worth $8 billion without backing it up isn’t fraud.
What’s fraudulent is if an appraiser says your building is worth $200 million but bribe him to say it’s worth $400 million. There is no evidence that happened.
Why it’s not fraudulent to claim what your brand is worth is because it’s almost impossible to know for certain. Someone might say his brand is worth $7 billion and someone else might say it’s worth $7.
So its only fraud if you get caught? Good to know.
Apparently, just by reading a newspaper, i know more than your "banker friend".You work on Wall Street? Or are a community banker? What do you know about DB’s lending to the Trump Organization?
Apparently, just by reading a newspaper, i know more than your "banker friend".You work on Wall Street? Or are a community banker? What do you know about DB’s lending to the Trump Organization?
Trump still owes deutsche bank up to $175 million. Deutsche bank's private lending division made a loan to trump while he was in default on a loan from the deutsche bank commercial division. He used that loan to setlle his defaulted loan with the same financial institution. Those are facts. And that is supicious lending activity, to say the least. I look forward to examining the documentation that congress has demanded from deutsche bank, and which is set to be delivered to them next month. If I ever get to see it, that is.
The equation is rather simple.......The bank needed to launder Russian oligarchs' ill-gotten and huge gains; they needed an American STOOGE to do their dirty deeds........and the orange clown is the "prefect" stooge.
Bear in mind that Trump lied and told him he was worth $3 billion......and the bank determined that the liar was only worth about $650 million.....but went ahead and loaned him $2 billion anyway.....
When does the bank FRAUD penalty apply???
Should this mafia bank be allowed to exist?
That "mafia bank" is getting even bigger, its merging.
Bloomberg - Are you a robot?
Using Forbes, Fortune, and Bloomberg Trump's net worth was around $3.5b during 2016
My understanding is that he’s worth a bit less than a billion
Which is a little under a billion more than you’re worth, fuckface
Ah, poor baby. You have to come running to the defense of your Orange God.
If I inherited as much as Trump, I’d be worth much more than a billion.
