Letitia James indicted

[Blisterfinger]

Is that all you guys wanted?

It is kind of humorous, you have to admit

 

[Marener]

Because they knew he’d be good for the money and were eager to cement the loan deal.

Trump has defaulted on plenty of loans before. He’s kind of a deadbeat.

If they “knew he’d be good for the money”, why did they have the covenant agreement at all?

You’re just making shit up.

 

[Robert W]

Whether the case is weak is also not in dispute. Documentary evidence has already been uncovered indicting James is not guilty. If you think it's no big deal that the POTUS' enemies are being prosecuted because a jury will likely find them innocent you don't understand the first thing about the design of our legal system.

Documents that are on record shows she committed fraud to the lender and believed her property taxes would benefit as well. I will be amazed if a jury finds her innocent. See one thing almost never mentioned is she is a lawyer. The court holds her to the highest standards.

 

[Robert W]

Trump has defaulted on plenty of loans before. He’s kind of a deadbeat.

If they “knew he’d be good for the money”, why did they have the covenant agreement at all?

You’re just making shit up.

Trump has never at any time defaulted on loans. He bought troubled casinos but those were corporations.

 

[Marener]

Trump has never at any time defaulted on loans. He bought troubled casinos but those were corporations.

New York Times: President Trump had $270M in debt forgiven after failing to repay lenders for Trump Tower Chicago, tax records show

He's had debt forgiven since 2010 after he didn't repay his lenders for a Chicago skyscraper development, the NY Times reported.

abc7chicago.com

 

[Robert W]

He definitely lied. It’s been proven at court.

But none of you guys cared, and didn’t think it was a crime.

Is that because he’s part of that protected class? Elite rich white guys?

Every loan application ever submitted to me from every client was a lie the way you present this argument.

 

[AntonToo]

The court holds lawyers like her to the highest of all standards.

Those words are meaningless.

She is either provably guilty beyond reasonable doubt or she isn't.

 

[Marener]

Every loan application ever submitted to me from every client was a lie the way you present this argument.

How so?

 

[berg80]

Not actually. As I explained to you, dozens of times, we protect ourselves from you liars. You tell us you work for Company ABC and we have you sign papers allowing us to contact that company and they verify if you work there or not.

After presiding over a non-jury trial that began on October 2, 2023, and ended on December 13,2023, with closing arguments on January 11, 2024, this Court makes the following findings of fact and conclusions of law and issues this Decision and Order:

SUMMARY

Donald Trump and entities he controls own many valuable properties, including office buildings, hotels, and golf courses. Acquiring and developing such properties required huge amounts of cash. Accordingly, the entities borrowed from banks and other lenders. The lenders required personal guarantees from Donald Trump, which were based on statements of financial condition compiled by accountants that Donald Trump engaged. The accountants created these “compilations” based on data submitted by the Trump entities. In order to borrow more and at lower rates, defendants submitted blatantly false financial data to the accountants, resulting in fraudulent financial statements. When confronted at trial with the statements, defendants’ fact and expert witnesses simply denied reality, and defendants failed to accept responsibility or to impose internal controls to prevent future recurrences. As detailed herein, this Court now finds defendants liable, continues the appointment of an Independent Monitor, orders the installation of an Independent Director of Compliance, and limits defendants’ right to conduct business in New York for a few years.

https://ag.ny.gov/sites/default/files/decisions/trump-decision.pdf

 

[AntonToo]

If he lied, then the DEI AG lied too.

WTF?

How is one hinged on the other?

 

[berg80]

Documents that are on record shows she committed fraud to the lender

No they don't.

nyag-james-letter-to-ag-bondi

www.documentcloud.org

Prosecutors empaneled a grand jury in May to investigate, but struggled to build a case against James, despite pressure from Trump allies. Emails from the time of the home purchase and other mortgage documents show James clearly indicating that she did not intend for the home to be her primary residence. That evidence makes it difficult for prosecutors to prove that James knowingly lied on the mortgage documents.

 

[Robert W]

New York Times: President Trump had $270M in debt forgiven after failing to repay lenders for Trump Tower Chicago, tax records show

He's had debt forgiven since 2010 after he didn't repay his lenders for a Chicago skyscraper development, the NY Times reported.

abc7chicago.com

The article which in Trumps case seldom is accurate, since their target is always Trump does not present the actual truth. It is spin.

For example, in the article clearly it says the lenders were fine with how it worked out.

 

[Marener]

No they don't.

nyag-james-letter-to-ag-bondi

www.documentcloud.org

This is a different property.

 

[Marener]

The article which in Trumps case seldom is accurate, since their target is always Trump does not present the actual truth. It is spin.

For example, in the article clearly it says the lenders were fine with how it worked out.

You said he never defaulted on his loans.

He did. This proves it.

 

[Robert W]

No they don't.

nyag-james-letter-to-ag-bondi

www.documentcloud.org

Prosecutors empaneled a grand jury in May to investigate, but struggled to build a case against James, despite pressure from Trump allies. Emails from the time of the home purchase and other mortgage documents show James clearly indicating that she did not intend for the home to be her primary residence. That evidence makes it difficult for prosecutors to prove that James knowingly lied on the mortgage documents.

That is very confusing. Who is Shamice? Why is James just a co borrower? Was that the first document or later for refinance? What happened to the forms showing dates of acts?

 

[Robert W]

You said he never defaulted on his loans.

He did. This proves it.

Stockholders as Trump was, is never charged to stockholders as their bankruptcy. When a person owns stock, never are they held to account for acts of the corporation.

 

[SassyIrishLass]

She dug her own hole and now comes payback

 

[berg80]

Trump has never at any time defaulted on loans. He bought troubled casinos but those were corporations.

The trump Org. defaulted on a $640M construction loan in 2008.

 

[Robert W]

You said he never defaulted on his loans.

He did. This proves it.

Corporations bankrupted or did not pay loans. Trump was a stockholder.

 

[berg80]

Stockholders as Trump was, is never charged to stockholders as their bankruptcy. When a person owns stock, never are they held to account for acts of the corporation.

Stockholders are wiped out in a bankruptcy. First in line to recoup any money are first tranche bond holders.