When does Trump have to pay $355 MM?

91,696 Views | 1167 Replies | Last: 10 days ago by aTmAg
shiftyandquick
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aggiehawg said:

shiftyandquick said:

aggiejayrod said:

What I'm learning from this case is that if I'm ever a judge and don't like a defendant, all I have to do is make up a disgorgement of roughly a trillion dollars and then the defendant can't even appeal my judgement .
Trump can appeal without paying any money. If the NY AG is moving on his assets at the deadline, Trump is still appealing. It's just that he can't stop the collection on the judgment.

Now you know.
That is true. He can still appeal. BUT he will be irreparably harmed by the AG's actions and there will never be a remedy to make him whole from that.
There will not need to be a remedy to make him whole, because he will be disgorged from his ill-got gains. He doesn't deserve those gains back. I've still not heard a rationale from the Trump loyalists about why he lied about this assets given that loyalists state he received no benefit from lying. Perhaps just a habit of him and his people to be chronically dishonest?
Rockdoc
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AG
What gains?
fc2112
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Barnyard96 said:

Until what?


bobbranco
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AG
shiftyandquick said:


people to be chronically dishonest

Turn that mirror to view the kangaroo court and the gullible.
jt2hunt
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AG
Rockdoc said:

What gains?


Exactly
fc2112
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jt2hunt said:

Rockdoc said:

What gains?


Exactly

Im Gipper
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Barnyard96 said:

Until what?


The poster has a weird permabone about NY seizing Trump properties. Dude needs help!

I'm Gipper
Proc92
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shiftyandquick said:

aggiehawg said:

shiftyandquick said:

aggiejayrod said:

What I'm learning from this case is that if I'm ever a judge and don't like a defendant, all I have to do is make up a disgorgement of roughly a trillion dollars and then the defendant can't even appeal my judgement .
Trump can appeal without paying any money. If the NY AG is moving on his assets at the deadline, Trump is still appealing. It's just that he can't stop the collection on the judgment.

Now you know.
That is true. He can still appeal. BUT he will be irreparably harmed by the AG's actions and there will never be a remedy to make him whole from that.
There will not need to be a remedy to make him whole, because he will be disgorged from his ill-got gains. He doesn't deserve those gains back. I've still not heard a rationale from the Trump loyalists about why he lied about this assets given that loyalists state he received no benefit from lying. Perhaps just a habit of him and his people to be chronically dishonest?
His asset valuation was not relied upon by the lenders according to the lenders. Therefore, they charged the appropriate interest rate and trump did not profit from the "lies".
fredfredunderscorefred
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AG
shiftyandquick said:

aggiehawg said:

shiftyandquick said:

aggiejayrod said:

What I'm learning from this case is that if I'm ever a judge and don't like a defendant, all I have to do is make up a disgorgement of roughly a trillion dollars and then the defendant can't even appeal my judgement .
Trump can appeal without paying any money. If the NY AG is moving on his assets at the deadline, Trump is still appealing. It's just that he can't stop the collection on the judgment.

Now you know.
That is true. He can still appeal. BUT he will be irreparably harmed by the AG's actions and there will never be a remedy to make him whole from that.
There will not need to be a remedy to make him whole, because he will be disgorged from his ill-got gains. He doesn't deserve those gains back. I've still not heard a rationale from the Trump loyalists about why he lied about this assets given that loyalists state he received no benefit from lying. Perhaps just a habit of him and his people to be chronically dishonest?


Not a loyalist. It's not his loyalists saying he received no benefit from SFCs. The banks testified that he didn't receive a benefit.

As to "lying," there's definitely room for interpretation there. He put a "Trump premium" on a lot of it which has been equated to lying. But the dude is selling $400 ****ty shoes. He sold a damn digital photo for money. There 100% is a trump premium, like it or not, and this was before he was president. And the dude is arrogant and narcissistic so no doubt he believes that Trump premium is incredible. The judge using an appraisal district value for mar largo is more "lying" about value than trumps interpretation of the value. The only thing that gets close is the square footage thing. And even that has a backstory.

"Intent" wasn't required to find "fraud" anyway. The judges horrible, internally inconsistent (eg, "only Trump knows the real value" in one part then ignoring trumps value in others), rulings opens the door to find this "fraud" by any similarly situated person considering the testimony from banks.
Rockdoc
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AG
Proc92 said:

shiftyandquick said:

aggiehawg said:

shiftyandquick said:

aggiejayrod said:

What I'm learning from this case is that if I'm ever a judge and don't like a defendant, all I have to do is make up a disgorgement of roughly a trillion dollars and then the defendant can't even appeal my judgement .
Trump can appeal without paying any money. If the NY AG is moving on his assets at the deadline, Trump is still appealing. It's just that he can't stop the collection on the judgment.

Now you know.
That is true. He can still appeal. BUT he will be irreparably harmed by the AG's actions and there will never be a remedy to make him whole from that.
There will not need to be a remedy to make him whole, because he will be disgorged from his ill-got gains. He doesn't deserve those gains back. I've still not heard a rationale from the Trump loyalists about why he lied about this assets given that loyalists state he received no benefit from lying. Perhaps just a habit of him and his people to be chronically dishonest?
His asset valuation was not relied upon by the lenders according to the lenders. Therefore, they charged the appropriate interest rate and trump did not profit from the "lies".

Well that's what I was trying to get out of him, but he just doesn't comprehend.
fc2112
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LRHF said:

"Come And Take it"

Barnyard96
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AG
Im Gipper said:

Barnyard96 said:

Until what?


The poster has a weird permabone about NY seizing Trump properties. Dude needs help!


Im looking forward to AG trying to run these companies while Trump roasts them from the podium.
Ellis Wyatt
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shiftyandquick said:

]There will not need to be a remedy to make him whole, because he will be disgorged from his ill-got gains. He doesn't deserve those gains back. I've still not heard a rationale from the Trump loyalists about why he lied about this assets given that loyalists state he received no benefit from lying. Perhaps just a habit of him and his people to be chronically dishonest?
Why are you making absurd posts like this? This has all been covered countless times.
shiftyandquick
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The reason he lied has been covered many times indeed. He did it to get better interest rate, saving himself over 170 million dollars. That is what the judge ruled. That is the reality.
Muy
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AG
shiftyandquick said:

The reason he lied has been covered many times indeed. He did it to get better interest rate, saving himself over 170 million dollars. That is what the judge ruled. That is the reality.


Nobody lies about the value of their real estate if someone is willing to pay that much or lend money based on it. Sorry, head East for a more communist country who agrees with you.
Rockdoc
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AG
shiftyandquick said:

The reason he lied has been covered many times indeed. He did it to get better interest rate, saving himself over 170 million dollars. That is what the judge ruled. That is the reality.
m
If that's your reality, I hate to tell you it's a lie.
pacecar02
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shiftyandquick said:

The reason he lied has been covered many times indeed. He did it to get better interest rate, saving himself over 170 million dollars. That is what the judge ruled. That is the reality.
okay, and we are saying what if he wins on appeal, then those conclusions are irrelevant and void

If he wins on appeal then the judges assertions are equal to a steamy pile of horse sh#T



no sig
B-1 83
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AG
Rockdoc said:

shiftyandquick said:

The reason he lied has been covered many times indeed. He did it to get better interest rate, saving himself over 170 million dollars. That is what the judge ruled. That is the reality.
m
If that's your reality, I hate to tell you it's a lie.
No #$&@. Securing loans like this is not some set in stone straight forward process. It's a negotiation and goes back and forth between various appraisers and the banks. In the end, it appears the banks did not accept all of his appraisals, loaned the money based on their interests and numbers, and everyone was happy. No doubt some of the very people defending this third world dictatorial action have asked for more than they thought something was worth when selling an item, or overvalued something for collateral.
Being in TexAgs jail changes a man……..no, not really
UAS Ag
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shiftyandquick said:

aggiehawg said:

shiftyandquick said:

aggiejayrod said:

What I'm learning from this case is that if I'm ever a judge and don't like a defendant, all I have to do is make up a disgorgement of roughly a trillion dollars and then the defendant can't even appeal my judgement .
Trump can appeal without paying any money. If the NY AG is moving on his assets at the deadline, Trump is still appealing. It's just that he can't stop the collection on the judgment.

Now you know.
That is true. He can still appeal. BUT he will be irreparably harmed by the AG's actions and there will never be a remedy to make him whole from that.
There will not need to be a remedy to make him whole, because he will be disgorged from his ill-got gains. He doesn't deserve those gains back. I've still not heard a rationale from the Trump loyalists about why he lied about this assets given that loyalists state he received no benefit from lying. Perhaps just a habit of him and his people to be chronically dishonest?
If he wins the appeal there will be no "ill-got"(sic) gains. They would be LEGITIMATE profits.

You're assuming he wins an appeal but is still guilty?

UAS Ag
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shiftyandquick said:

The reason he lied has been covered many times indeed. He did it to get better interest rate, saving himself over 170 million dollars. That is what the judge ruled. That is the reality.
He didn't get a better interest rate.

And if he wins on appeal, then it will be because they determine there WAS no fraud.

Then what will you hang your hat on?
p_bubel
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Good grief. What a an absolute joke.
Stat Monitor Repairman
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Great moments in political rhetoric:

"We have to pass the bill so that you can find out what is in it."

"If you like your doctor, you can keep your doctor"

"the Recovery Act has now created or saved more than a million jobs."

"We should tax unrealized gains"

"Paying less is the equivalent of profit earned."
We fixed the keg
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AG
Can anyone share some names of these lenders that loan of evaluations provided by the borrowers? I can only seem to find those that replace my numbers with their own and provide loans/rates based on those.

/sarcasm

So much "fraud" these banks were paid back in full, made money, and would line up to fight for the next opportunity to do more transactions with him.
aggiehawg
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AG
B-1 83 said:

Rockdoc said:

shiftyandquick said:

The reason he lied has been covered many times indeed. He did it to get better interest rate, saving himself over 170 million dollars. That is what the judge ruled. That is the reality.
m
If that's your reality, I hate to tell you it's a lie.
No #$&@. Securing loans like this is not some set in stone straight forward process. It's a negotiation and goes back and forth between various appraisers and the banks. In the end, it appears the banks did not accept all of his appraisals, loaned the money based on their interests and numbers, and everyone was happy. No doubt some of the very people defending this third world dictatorial action have asked for more than they thought something was worth when selling an item, or overvalued something for collateral.

Further, these lenders are highly regulated even more so since 2008. If there were even a whiff of something off about these transactions, the regulators would thrown up red flags in a heartbeat, years ago when these transactions originated.

Which reminds me, statute of limitations were ignored by Engeron in defiance of a NY appellate decision. And what should have been inadmissible evidence was allowed in and to make matters worse, Engeron used that time barred evidence in part to make his decision. he completely messed up on his damages calculation, "disgorgement" in the wrong manner. He doesn't even know the difference between proceeds and profits, recourse and non-recourse loans. Financial idiot.
fredfredunderscorefred
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AG
aggiehawg said:

B-1 83 said:

Rockdoc said:

shiftyandquick said:

The reason he lied has been covered many times indeed. He did it to get better interest rate, saving himself over 170 million dollars. That is what the judge ruled. That is the reality.
m
If that's your reality, I hate to tell you it's a lie.
No #$&@. Securing loans like this is not some set in stone straight forward process. It's a negotiation and goes back and forth between various appraisers and the banks. In the end, it appears the banks did not accept all of his appraisals, loaned the money based on their interests and numbers, and everyone was happy. No doubt some of the very people defending this third world dictatorial action have asked for more than they thought something was worth when selling an item, or overvalued something for collateral.

Further, these lenders are highly regulated even more so since 2008. If there were even a whiff of something off about these transactions, the regulators would thrown up red flags in a heartbeat, years ago when these transactions originated.

Which reminds me, statute of limitations were ignored by Engeron in defiance of a NY appellate decision. And what should have been inadmissible evidence was allowed in and to make matters worse, Engeron used that time barred evidence in part to make his decision. he completely messed up on his damages calculation, "disgorgement" in the wrong manner. He doesn't even know the difference between proceeds and profits, recourse and non-recourse loans. Financial idiot.



To give him the benefit of the doubt, he's either a huge idiot or so biased that he should have recused himself. Those are two options that would give him the benefit of the doubt from being an idiot and biased (which is the likely scenario). His rulings are a compendium of bias and idiocy (believed by those with the same)
Funky Winkerbean
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AG
Has anyone plugged this into AI yet?
Im Gipper
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Funky Winkerbean said:

Has anyone plugged this into AI yet?


What does that mean?

I'm Gipper
pacecar02
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Im Gipper said:

Funky Winkerbean said:

Has anyone plugged this into AI yet?


What does that mean?
is a certain poster a bot
no sig
MarkTwain
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While searching to see if this NY Exec Law 63 (12) had ever been used in this way, which it hasn't, did find three very interesting applications fairly recent

People v. JBS USA Food Co.

Filing Date: 2024
Court/Admin Entity: N.Y. Sup. Ct.
Status: Complaint filed. [ 02/28/2024 ]
Description: New York State attorney general's greenwashing lawsuit against beef producer for allegedly making unsubstantiated claims regarding its "Net Zero by 2040" commitment.
READ MORE



People v. Jofaz Transportation, Inc.

Filing Date: 2022
Court/Admin Entity: N.Y. Sup. Ct.
Status: Complaint filed. [ 05/11/2022 ]
Description: Enforcement action against school bus company for violating New York State and City restrictions on idling vehicles.
READ MORE



People of the State of New York v. Exxon Mobil Corporation

Filing Date: 2015
Court/Admin Entity: N.Y. Sup. Ct.
Status: Motion to intervene and cross-motion to submit an amicus curiae brief denied. [ 02/27/2020 ]
Description: Action alleging fraudulent scheme by Exxon Mobil Corporation to deceive investors about the company's management of risks posed by climate change regulation.
READ MORE


These Marxist *******s in NY used it to push their Climate Change agenda
“Never argue with stupid people, they will drag you down to their level and then beat you with experience" - Mark Twain
Stat Monitor Repairman
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Quote:

Description: Action alleging fraudulent scheme by Exxon Mobil Corporation to deceive investors about the company's management of risks posed by climate change regulation.
Prime example of point made a few days ago:

Are companies deceiving investors by failing to warn of risks posed by reliance on traditional business practices?

Does a company have loans on the books which were made on the basis of 'overvalued' assets?

If you admit this is the case you've admitted to a crime. If you don't admit this is the case, you've also admitted to a crime.

We've normalized state interference in traditional business practices. A significant encroachment in the concept of free markets and the ability to rely on stability and consistency of the legal regime itself. Some think this is just about Trump, but all this doesn't bode well long term.

Again, NY cutting off Trump's nose to spite it's own face. Do they think people that assess risk don't understand whats going on here, or they just don't care?
aggiehawg
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AG
And all under some fig leaf of serving the public interest. This is a shakedown move, nothing else.Extortion.

And Hochul said Trump was a one-off. Ha!

Back when I was in law school there was case often taught about beef and freezer scams. Buy a half side of beef and get a freezer to store it, only the freezer was actually only rented at an exorbitant amount. That was the type of scam laws like this one were designed to stop. Only in those cases there were actual victims and economic harm.
Funky Winkerbean
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AG
Im Gipper said:

Funky Winkerbean said:

Has anyone plugged this into AI yet?


What does that mean?
It means I'm curious if anyone has put the facts of this case into AI to see what it might say.
aggiejayrod
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AG
aggiehawg said:

B-1 83 said:

Rockdoc said:

shiftyandquick said:

The reason he lied has been covered many times indeed. He did it to get better interest rate, saving himself over 170 million dollars. That is what the judge ruled. That is the reality.
m
If that's your reality, I hate to tell you it's a lie.
No #$&@. Securing loans like this is not some set in stone straight forward process. It's a negotiation and goes back and forth between various appraisers and the banks. In the end, it appears the banks did not accept all of his appraisals, loaned the money based on their interests and numbers, and everyone was happy. No doubt some of the very people defending this third world dictatorial action have asked for more than they thought something was worth when selling an item, or overvalued something for collateral.

Further, these lenders are highly regulated even more so since 2008. If there were even a whiff of something off about these transactions, the regulators would thrown up red flags in a heartbeat, years ago when these transactions originated.

Which reminds me, statute of limitations were ignored by Engeron in defiance of a NY appellate decision. And what should have been inadmissible evidence was allowed in and to make matters worse, Engeron used that time barred evidence in part to make his decision. he completely messed up on his damages calculation, "disgorgement" in the wrong manner. He doesn't even know the difference between proceeds and profits, recourse and non-recourse loans. Financial idiot.


If we're being honest, the judge is more than just a "financial" idiot.
shiftyandquick
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What did the prosecutor argue in terms of ill-gotten gains figures? I assume that Trump's team said there were zero. But did Trump's team argue that even if you use the logic that the judge is using, the numbers should be X? A much smaller number? Trump's lawyers don't really seem to be all that bright, after all. Sexy, yes. Bright, no.
Build It
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AG
This is nothing new for Manhattan DA's. The've twisted and interpreted the law with extremely broad terms to go after the NY based General Contractors. Under the NY statutes failure to keep accurate records is under the fraud statutes. Do an audit going back 20 years and make up a rule that doesn't exist. Threaten to indict for fraud unless plead guilty and pay a giant fine which is just enough not to bankrupt the company.

The GC's will agree to this because if they get indicted they will lose everything.

It's how things are done in NY. For a long time.
 
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