It turns out that inflating property values for borrowing purposes but then minimizing declared values of those same properties for tax purposes is a no-no.
This is the case where Trump has already taken the Fifth 140 times.
It turns out that inflating property values for borrowing purposes but then minimizing declared values of those same properties for tax purposes is a no-no.
This is the case where Trump has already taken the Fifth 140 times.
It has also been referred to the IRS and DOJ for possible criminal prosecution. And part of the relief requested is Trump and his adult children be barred from serving as directors of any business entity registered in the state of New York.
That's gonna burn.
Maybe Trump wasn't a genuinely successful businessman after all!
Originally posted by: MisterPicture
Maybe Trump wasn't a genuinely successful businessman after all!
He is a very successful con artist. He still makes David and the rest of the MAGAs swoon.
Originally posted by: MisterPicture
It turns out that inflating property values for borrowing purposes but then minimizing declared values of those same properties for tax purposes is a no-no.
This is the case where Trump has already taken the Fifth 140 times.
I believe that the report was that he took the 5th 440 times--to quote Trump, "why would you take the 5th if you are innocent."
This was the "business career" that he claimed as his qualifying credential to be President of the United States.
Dont worry - the Steve Bannon wall builders will send him a slew of checks to pay for his legal bills.
Remember Bernie Madoff? One guy picked up on his scam/sham/ponzi and reported it to higher ups in the SEC multiple times. They ignored it, kept saying "no way", putting it at the bottom of the stack if they did anything. For years.
As always, it is who you know, guys who profit by protecting the big shot. Trump should pay, but I wouldn't bet on it happening any time soon. Us ordinary folks just have no idea how things work in the big city. JMHO.
Originally posted by: O2bnVegas
Remember Bernie Madoff? One guy picked up on his scam/sham/ponzi and reported it to higher ups in the SEC multiple times. They ignored it, kept saying "no way", putting it at the bottom of the stack if they did anything. For years.
As always, it is who you know, guys who profit by protecting the big shot. Trump should pay, but I wouldn't bet on it happening any time soon. Us ordinary folks just have no idea how things work in the big city. JMHO.
This is a bit off-topic, but since you mentioned Madoff, I have to repeat one of my very favorite gambling-related facts:
Do you know who identified Bernie Madoff as a fraud to his clients about 10 years before he was finally busted? The original blackjack guru and author of Beat the Dealer, Edward O. Thorp.
(On the other hand, anyone with a room-temperature IQ could have identified Trump as a total fraud long ago.)
Now there's a Vegas connection with this whole thing.
About seven pages of the lawsuit deal with Trump Tower in Las Vegas, where they, you guessed it, inflated property values for borrowing purposes and minimized those same values for property tax purposes.
But I'm a generous guy, so I'd be willing to let partner Phil Ruffin off the hook as long as he turns state's evidence and testifies against DJT and Eric.
