"Every real estate developer everywhere does this" says Kevin O'Leary reacts to Trump civil fraud case

[justoffal]

Sounds like somebody at the bank needs to be fired and the bank be disgraced. Yet, nothing.

Well....you're now talking about connected people. James doesn't dare go there....she's not important enough or strong enough and would very quickly be shut down.

 

[justoffal]

Bernie was convicted of fraud, money laundering, and other related crimes, for which he was sentenced to 150 years in federal prison. Bernie Madoff died in prison on April 14, 2021, at the age of 82.
The Justice Department announced today that the Madoff Victim Fund (MVF) began its ninth distribution of over $158.9 million in funds ...
The difference between Trump and Madoff is none of the $450+ million was "loaned" NOT INVESTED to Trump .
Every loan was paid back.
But although the bank didn’t conduct its own full appraisals of Trump’s properties, it sometimes gave sizable “haircuts” to the values he’d placed on such holdings as Trump Tower and his golf courses, Haigh said.

Banker says Trump’s financial statements were key to loan approvals, but there were 'sanity checks'

Donald Trump obtained millions in loans using financial statements that a court has since deemed fraudulent, a retired bank official testified.

apnews.com

There were no victims....annnnnd it's SOP for NYC developers....including the likes of Bloomberg.