Overvalued Real Estate - Is Latisha James Playing With Fire in Trump matter?

[Robert W]

Yes, the only one that bold and arrogant! They expect some exaggeration of 10% to even up to 30% variance.

But trump exaggerated on all his property values by 300% to over 1000% higher estimates than market value or general accounting standards....something never seen before! Bill Gates and Warren Buffet don't need to lie about their worth and assets to get loans at a good interest rate, like the 6 time bankrupt, Trump Organization, silly one!

This isn't about "a bad guess". Trump outright lied on his loan applications, such as saying an 11,000 SF apartment was 30,000 SF, or that a building with operating revenue of $20,000,000 was generating $100MM in profits. These aren't whoopsies, these are outright frauds. And the fact that Duetschbank went along with the fraud doesn't make it any less fraud.

Look, you guys hate Trump. Were this same thing happening to Biden, you would cheer him on and praise his perverted self to high heaven.

 

[JoeB131]

I would almost bet money that you have submitted financials that you would call fraudulent.
The bank wears big boy pants and has experts on staff in the case you don't know that.

I'm sure they did. I am sure that those experts were overruled by executives who just wanted to do business with Hump.

None of which matters, Trump still committed fraud.

 

[JoeB131]

Look, you guys hate Trump. Were this same thing happening to Biden, you would cheer him on and praise his perverted self to high heaven.

But that's the point. Biden doesn't engage in this sort of behavior. You've been investigating Hunter for seven years now, and the only thing you've been able to prove is he underpaid his taxes.

Trump has a long history of fraud, bankruptcy and criminality... it's finally caught up to him.

 

[Robert W]

But that's the point. Biden doesn't engage in this sort of behavior. You've been investigating Hunter for seven years now, and the only thing you've been able to prove is he underpaid his taxes.

Trump has a long history of fraud, bankruptcy and criminality... it's finally caught up to him.

Biden's crimes are currently catching up to him.
Fraud is a crime. And when you talk, you often use fraud. So should you be put into prison?
Fraud when you defend Biden. Biden will meet his match in courts of law. Hunter was an undeclared agent of Ukraine. Hunter has convicted himself by being sloppy in his personal pursuits. Bankruptcy is not a crime. Show me a single instance of Trump serving time in prison???

 

[Robert W]

I'm sure they did. I am sure that those experts were overruled by executives who just wanted to do business with Hump.

None of which matters, Trump still committed fraud.

Please cite even one case that Trump was convicted of fraud.

 

[Kilroy2]

Are you maintaining that TRUMP!'s company (under his control) was actually allowed to appraise TRUMP!'s own property and the lender accepted their appraisal for collateral on a multi-million-dollar loan, that there was no independent appraisal done? That seems to be the height of fiscal mismanagement, do you not agree?

The bank needs certain information in order to make the loan. Trump as the owner provides that information

Trump also also personally guarantees the loan based on his net worth from other entireties that he owns.


40 Wall Street in New York, The Doral Golf Resort & Spa in Florida, Trump International Hotel & Tower in Chicago, and the Old Post Office project in Washington DC. etc

So whether the bank will do their own appraisal is up to them based on what was given to them. Trump personal income may be enough as he owns quite a few properties.

Trump has used the same bank for the last two decades. Really the only bank that would work with Trump. So that had a relationship and I would assume that the worked out for both parties which would determine if the bank will do business with him



The point is it that Trump as the owner signs loan agreements on behalf of the companies he owns.

He also personally (net worth) guaranteed the loans based on his wealth from other business that he owns.

The bank decides on how much money they can make on the deal and if it is a good risk then they can ignore what the want as long as the loan will benefit them.

People with poor credit may still get a loan if they agree to an outrageous interest rate.


The same bank that gave him a loan announced a couple of years ago that they will no longer do business with him back in 2021



Deutsche Bank has decided no longer to do business with Trump, a source told CNN Business in January, a move that will deprive him of a major source of loans that once helped fund his golf courses and hotels.

The Trump Organization owes Deutsche Bank approximately $340 million in the coming years, said the source.

https://www.cnn.com/2021/02/04/business/trump-bankers-deutsche-bank/index.html

Deutsche Bank will not do future business with Trump - NYT

Deutsche Bank (DBKGn.DE) will not do business in the future with U.S. President Donald Trump or his companies in the wake of his supporters' deadly Jan. 6 assault on the U.S. Capitol, the New York Times reported.

www.reuters.com

 

[JoeB131]

Biden's crimes are currently catching up to him.
Fraud is a crime. And when you talk, you often use fraud. So should you be put into prison?
Fraud when you defend Biden. Biden will meet his match in courts of law. Hunter was an undeclared agent of Ukraine. Hunter has convicted himself by being sloppy in his personal pursuits. Bankruptcy is not a crime. Show me a single instance of Trump serving time in prison???

Right... that's why you guys keep trying to pass off the same fake emails like they are evidence, because you almost got him.

Look, look Jim Biden repaid a loan! We got him now!

 

[hadit]

The bank needs certain information in order to make the loan. Trump as the owner provides that information

Trump also also personally guarantees the loan based on his net worth from other entireties that he owns.


40 Wall Street in New York, The Doral Golf Resort & Spa in Florida, Trump International Hotel & Tower in Chicago, and the Old Post Office project in Washington DC. etc

So whether the bank will do their own appraisal is up to them based on what was given to them. Trump personal income may be enough as he owns quite a few properties.

Trump has used the same bank for the last two decades. Really the only bank that would work with Trump. So that had a relationship and I would assume that the worked out for both parties which would determine if the bank will do business with him



The point is it that Trump as the owner signs loan agreements on behalf of the companies he owns.

He also personally (net worth) guaranteed the loans based on his wealth from other business that he owns.

The bank decides on how much money they can make on the deal and if it is a good risk then they can ignore what the want as long as the loan will benefit them.

People with poor credit may still get a loan if they agree to an outrageous interest rate.


The same bank that gave him a loan announced a couple of years ago that they will no longer do business with him back in 2021



Deutsche Bank has decided no longer to do business with Trump, a source told CNN Business in January, a move that will deprive him of a major source of loans that once helped fund his golf courses and hotels.

The Trump Organization owes Deutsche Bank approximately $340 million in the coming years, said the source.

https://www.cnn.com/2021/02/04/business/trump-bankers-deutsche-bank/index.html

Deutsche Bank will not do future business with Trump - NYT

Deutsche Bank (DBKGn.DE) will not do business in the future with U.S. President Donald Trump or his companies in the wake of his supporters' deadly Jan. 6 assault on the U.S. Capitol, the New York Times reported.

www.reuters.com

So, IOW, it sounds like you're saying the given value of the collateral property was meaningless to this transaction because TRUMP! had a prior relationship with the bank, they KNEW he was good for the loan, they would make money off of it, and he could have said the value was anything he liked because no one was going to bother checking. Does that sound about right, that you're saying that? Remember, in this transaction, there was no harm done, no one was damaged because TRUMP! paid it off on time.

 

[Kilroy2]

I will tell you this only one time: the banks hire their own appraiser to value the property.

Do you understand that?

Do you understand that your point is irrelevant in this case. Trump and his organization are still required to provide truthful and accurate information. They didn't do this and thus the judge has found him guilty in a civil case

It just a defense as the lawyers have to prove a defense for their client

testimony in the trial by the bank

“I think we expect clients-provided information to be accurate. At the same time, it’s not an industry standard that these statements be audited. They’re largely reliant on the use of estimates,” Williams said, so bankers routinely “make some adjustments.”

At times, the bank pegged Trump’s wealth at several billion dollars lower than he did, according to documents and testimony. In 2019, for example, Trump’s financial statement listed his net worth at $5.8 billion, which the bank adjusted down to $2.5 billion.
So according to the bank testimony, they really did not care if trump lied. They would use there own evaluations and adjust it down.

This clearly support the states case that trump provided fraudulent information to get favorable loans.


Yes you can say they did not care because Trump appears to have paid them back for all loans so they were incline to give him more. 2 years ago this German bank had decided to cut ties with Trump

The bank representative in the case clearly states that they expect Trump to provide accurate information as required by law but they also admit that they had to do adjustments because he did lie

The law requires that the borrow provide truthful information

Section 63(12) of New York’s Executive Law,
Executive Law Section 63(12),
Under this New York statute, however, the attorney general did not have to show that there were victims, only that Mr Trump committed ongoing fraud.

In his deposition, Trump claimed that the valuation statements were “worthless,”
really just admitted that there really was no defense an downplaying it as business as usual
luckily it is just a civil case

 

[CrusaderFrank]

Do you understand that your point is irrelevant in this case. Trump and his organization are still required to provide truthful and accurate information. They didn't do this and thus the judge has found him guilty in a civil case

It just a defense as the lawyers have to prove a defense for their client

testimony in the trial by the bank

“I think we expect clients-provided information to be accurate. At the same time, it’s not an industry standard that these statements be audited. They’re largely reliant on the use of estimates,” Williams said, so bankers routinely “make some adjustments.”

At times, the bank pegged Trump’s wealth at several billion dollars lower than he did, according to documents and testimony. In 2019, for example, Trump’s financial statement listed his net worth at $5.8 billion, which the bank adjusted down to $2.5 billion.
So according to the bank testimony, they really did not care if trump lied. They would use there own evaluations and adjust it down.

This clearly support the states case that trump provided fraudulent information to get favorable loans.


Yes you can say they did not care because Trump appears to have paid them back for all loans so they were incline to give him more. 2 years ago this German bank had decided to cut ties with Trump

The bank representative in the case clearly states that they expect Trump to provide accurate information as required by law but they also admit that they had to do adjustments because he did lie

The law requires that the borrow provide truthful information

Section 63(12) of New York’s Executive Law,
Executive Law Section 63(12),
Under this New York statute, however, the attorney general did not have to show that there were victims, only that Mr Trump committed ongoing fraud.

In his deposition, Trump claimed that the valuation statements were “worthless,”
really just admitted that there really was no defense an downplaying it as business as usual
luckily it is just a civil case

If the banks used their own values, how were they defrauded by the Bad Orange Man?

 

[Kilroy2]

Who is the victim? He did not go bankrupt on any of these charges.

That's like the lady was sitting reading in a boat on a lake. The game warden came by and wrote her a ticket for fishing without a license. When she claimed she was simply reading, he said that she had all of the poles, nets, and other equipment in her boat to fish and would receive a ticket. She then stated that she would be charging him with rape. When he inquired, she then explained he had all of the equipment necessary!

For the civil trial there does not need to be a victim. Republicans keep repeating this but have no ideal about the law

good example, you cheat on your taxes then they can go after you for tax fraud. Who is the victim ?

your example is flawed. Unless she was in the act of fishing , he can write a ticket because of fishing equipment found in the boat. Now if there were fish in the boat then that is evidence.

Its not illegal to have fishing equipment. If the sign say no fishing, you actually have to be fishing

see the difference

Say thing with your rape example. Just because he has a penis does not mean she was raped.

There has to be penetration for it to be rape

if he waves his dick at her then it still not rape, now it could be indecent exposure

 

[Admiral Rockwell Tory]

For the civil trial there does not need to be a victim. Republicans keep repeating this but have no ideal about the law

good example, you cheat on your taxi's then they can go after you for tax fraud. Who is the victim ?

your example is flawed. Unless she was in the act of fishing , he can write a ticket because of fishing equipment found in the boat. Now if there were fish in the boat then that is evidence.

Its not illegal to have fishing equipment. If the sign say no fishing, you actually have to be fishing

see the difference

Say thing with your rape example. Just because he has a penis does not mean she was raped.

There has to be penetration for it to be rape

if he waves his dick at her then it still not rape, now it could be indecent exposure

You really should proofread your posts. This one looks like it was written by a third-grader. Your capitalization and spelling sucks!

Why would anyone cheat on their "taxi's"? Most people might cheat on their taxes. The victim is the government.

He can write a ticket for fishing equipment? She had the equipment, so she was fishing without a license.

Say thing? Ok, thing!

That screaming noise you probably heard was my joke screaming over your head because you have no sense of humor.

Never go into a battle of wits unarmed.

 

[Kilroy2]

You really should proofread your posts. This one looks like it was written by a third-grader. Your capitalization and spelling sucks!

Why would anyone cheat on their "taxi's"? Most people might cheat on their taxes. The victim is the government.

He can write a ticket for fishing equipment? She had the equipment, so she was fishing without a license.

Say thing? Ok, thing!

That screaming noise you probably heard was my joke screaming over your head because you have no sense of humor.

Never go into a battle of wits unarmed.

The point was still clear and yet you address the misspelled words.

So you admit defeat in the victim issues that your trying to present as relevant to the case.

heed your own warning about a battle of wits

 

[Admiral Rockwell Tory]

The point was still clear and yet you address the misspelled words.

So you admit defeat in the victim issues that your trying to present as relevant to the case.

heed your own warning about a battle of wits

Your arguments made no sense. Perhaps they did to you, but we had to suffer through your pathetic spelling, grammar, and word choice errors. My point illustrates the problem exactly. It all depends on whose ox is being gored!

 

[Kilroy2]

Your arguments made no sense. Perhaps they did to you, but we had to suffer through your pathetic spelling, grammar, and word choice errors. My point illustrates the problem exactly. It all depends on whose ox is being gored!

again you complain about grammar but don't address the topic

 

[Kilroy2]

But that's the point. Biden doesn't engage in this sort of behavior. You've been investigating Hunter for seven years now, and the only thing you've been able to prove is he underpaid his taxes.

Trump has a long history of fraud, bankruptcy and criminality... it's finally caught up to him.

The main reason that it caught up with him is because he wanted to be in a bigger spot light. The center of universe well at least in the US . There is no bigger spotlight than the presidency. He tried the TV star thing but it was not enough. The NYC social scene was not bright enough.

The things that trump is accused of are well known especially in NYC but still a small stage in the world. When he became president he instantaneously gained a large number of followers who just cheer him on no matter what he did. His distractors just shake their heads in disbelief.

The problems he had before he became president are mostly the same as when he was a socialite.

How many former president would socialize with Jeffrey Epstein. Trump did not know what he did for a living?

How Trump Has Survived Decades of Legal Trouble

Trump's standard strategies for eluding legal consequences—honed over decades—are facing the ultimate stress test.

time.com

 

[Admiral Rockwell Tory]

again you complain about grammar but don't address the topic

I guess you need remedial reading instruction also. Did you not read my comment that it depends on whose ox is being gored? I can explain that for you, if you need further help.

 

[Admiral Rockwell Tory]

The main reason that it caught up with him is because he wanted to be in a bigger spot light. The center of universe well at least in the US . There is no bigger spotlight than the presidency. He tried the TV star thing but it was not enough. The NYC social scene was not bright enough.

The things that trump is accused of are well known especially in NYC but still a small stage in the world. When he became president he instantaneously gained a large number of followers who just cheer him on no matter what he did. His distractors just shake their heads in disbelief.

The problems he had before he became president are mostly the same as when he was a socialite.

How many former president would socialize with Jeffrey Epstein. Trump did not know what he did for a living?

How Trump Has Survived Decades of Legal Trouble

Trump's standard strategies for eluding legal consequences—honed over decades—are facing the ultimate stress test.

time.com

Trump did not associate with Epstein when he was a former President.

You obviously don't know how Epstein made his money.

Another couple of intellectual shortcomings? You have so many!

 

[Kilroy2]

Trump did not associate with Epstein when he was a former President.

You obviously don't know how Epstein made his money.

Another couple of intellectual shortcomings? You have so many!

Well I did not say he that Epstein was in his circle when he became president

Trump did associate with Epstein years ago prior to him becoming president. The point was that Trump did associate with a known pimp back in the 90's. They were best buds.

Yeah when Epstein went to jail it probably was not a good idea to associate with him.

Details on Trump-Epstein Relationship | Law & Crime

In the wake of Jeffrey Epstein’s recent arrest on sex-trafficking charges, the wealthy financier's past friendship with President Donald Trump has come under increased scrutiny. A New York Times report on Tuesday took a deeper look into the relationship between the two and provided insight into...

lawandcrime.com

 

[Admiral Rockwell Tory]

Well I did not say he that Epstein was in his circle when he became president

Trump did associate with Epstein years ago prior to him becoming president. The point was that Trump did associate with a known pimp back in the 90's. They were best buds.

Yeah when Epstein went to jail it probably was not a good idea to associate with him.

Details on Trump-Epstein Relationship | Law & Crime

In the wake of Jeffrey Epstein’s recent arrest on sex-trafficking charges, the wealthy financier's past friendship with President Donald Trump has come under increased scrutiny. A New York Times report on Tuesday took a deeper look into the relationship between the two and provided insight into...

lawandcrime.com

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I also had a close relationship with someone who went to prison for child porn. What does that say about me? Not a damned thing.

My best friend's daughter went to prison for murdering her boyfriend with drugs. What does that say about him? Again, not a damned thing!