Utopia Talk / Politics / Trump Getting His Punk Ass Sued

nhill Member	Wed Sep 21 12:22:02 Today, I filed a lawsuit against Donald Trump for engaging in years of financial fraud to enrich himself, his family, and the Trump Organization. There aren't two sets of laws for people in this nation: former presidents must be held to the same standards as everyday Americans. Tip NY AG James @NewYorkStateAG · 1h Actions have consequences. We're seeking to: ➡️Make Trump pay $250 million. ➡️Ban the Trumps from running NY businesses for good. ➡️Ban Trump and Trump Org from buying commercial real estate in NY for 5 yrs. ➡️We're making a criminal referral to the U.S. Dept of Justice. Tip NY AG James @NewYorkStateAG · 1h With the help of Donald Jr., Eric, Ivanka, and other defendants, Trump variously unlawfully inflated and deflated his net worth by billions to obtain and satisfy loans, get insurance benefits, and pay lower taxes. In short, he lied to gain massive financial benefits for himself. Tip NY AG James @NewYorkStateAG We found that Trump, his family, and the Trump Org used fraudulent and misleading asset valuations over 200 times in 10 years on his annual financial statements. These statements were then used to obtain hundreds of millions of dollars in loans and insurance coverage. http://twitter.com/NewYorkStateAG/status/1572611515634823169 Apparently we just break news via tweets in Govt now. MAGA!
nhill Member	Wed Sep 21 12:22:50 Missed one: @NewYorkStateAG Trump's crimes are not victimless. When the well-connected and powerful break the law to get more money than they are entitled to, it reduces resources available to working people, small businesses, and taxpayers.
nhill Member	Wed Sep 21 12:24:34 Let's so how much Teflon Don has saved up for this one. My guess is he'll get off with minimal disruption to his criminal enterprises.
Im better then you 2012 UP Football Champ	Wed Sep 21 12:28:00 She held a press conference. http://www.youtube.com/watch?v=Z7mkcp4oM-c Now waiting for Trump to attack her for being a "black woman" or commenting on her boobs or something.
habebe Member	Wed Sep 21 12:29:58 I suspect we will see a large rise in political legal cases leading up to the midterms that end up going nowhere.
nhill Member	Wed Sep 21 12:36:55 If it takes contrived lawsuits around midterm elections to hold him accountable for being a giant turd I'm okay with that.
habebe Member	Wed Sep 21 13:05:26 Do you really think its going to go anywhere though? This seems like another "we got him now" scenario. The migrants are now suing Desantis for violating their 4th amendment rights, which is brilliant really. I think common sense says that public reaction will not be on the side of the MV attorneys here. Trump in the news atleast makes him relevant and could increase Dem bas voters by making him more relevant.
nhill Member	Wed Sep 21 13:09:49 I highly doubt it will go anywhere, but one can hope. :)
nhill Member	Wed Sep 21 13:09:56 >My guess is he'll get off with minimal disruption to his criminal enterprises.
Im better then you 2012 UP Football Champ	Wed Sep 21 14:54:17 It has already gone somewhere. CFO already turned rat and pled guilty to over a dozen felonies.
Habebe Member	Wed Sep 21 15:41:13 Ibty, Which seems similar to the thousands of other Trump cases Honestly I don't even know the merits of the case, at this point I dont care. Every other week there is a new investigation or case, who can keep up?
murder Member	Wed Sep 21 17:20:15 "It has already gone somewhere. CFO already turned rat and pled guilty to over a dozen felonies." Like he cares about his CFO? If he could have buried him with his ex-wife (Ivana), he would have.
tumbleweed the wanderer	Wed Sep 21 18:37:03 the 200+ page lawsuit available here: http://www...uster-222-page-filing/3874709/ covering just a tiny portion of his life of fraud criminal charges are needed badly for the conman
Im better then you 2012 UP Football Champ	Wed Sep 21 20:55:20 -Habebe This is pretty straight forward fraud. Murder Any CEO should care if there CFO goes to jail.
Habebe Member	Wed Sep 21 21:22:18 Ibty, Seems like a vague attempt to get anything on him. Its not even a specific crime, it sounds like a list going back years. So it's nothing new, they are digging up shit to sling at the wall...yawn. Let's get Carter next! Im sure he did something.
Jesse Malcolm Barack Member	Thu Sep 22 04:06:42 dude we know theres nothing trump could do that you consider to be a crime trying to steal an election? not a crime stealing top secret files after losing? not a crime fraud? not a crime
Habebe Member	Thu Sep 22 04:47:43 How many investigations & cases has he been the target of in thenlast 6 years? I don't think anyone knows its so many.
nhill Member	Thu Sep 22 09:22:10 After 3 years of investigation, they break the news right before midterm elections. Pretty obvious political ploy. I read through about 50 pages and it boils down to this: Trump Organization (but not Trump directly, as usual) inflated the values of their assets. They had internal valuations that were many millions of dollars short of the one they pitched banks. Some banks did their due diligence and confirmed that the assets were inflated. But Teflon Don will get away with it IMO. Everything is a couple degrees away from him, all down to the unqualified person they hired out of college that made "mistakes" on the valuations that caused them to be higher. Why this matters is Trump Organization was able to secure loans of more value than could be reasonably collected as collateral, putting the loan originators at a higher risk in the event of a default or margin call. Trump Org also included cash from a partnership in which Trump himself didn't have access to the cash, but he did have a 30% stake in the partnership. Bunch of nothing burger shit for Teflon Don himself. But multiple people in the periphery of his organization will probably go down like the CFO did.
nhill Member	Thu Sep 22 09:26:49 Caveat: I only read 50 pages in the middle that seemed to be the crux of their investigation, the other 150 pages may include things that invalidate my initial impression.
tumbleweed the wanderer	Thu Sep 22 12:24:44 "But multiple people in the periphery of his organization will probably go down like the CFO did" no one is 'going down' unless they do criminal charges, which seems unlikely... supposedly it's hard to prove he did it intentionally for the benefits has to be proven 'beyond a reasonable doubt' for criminal only has to be 'more likely than not' for civil (also known as 51%)... plus pleading the Fifth can be used against the fraud family in civil, which they did (as they were trying to avoid criminal charges for the crimes they committed & probably worked)
nhill Member	Thu Sep 22 12:28:14 Yes, so Teflon Don is going to be fine here.
tumbleweed the wanderer	Thu Sep 22 12:37:52 forcing him (his org) to pay would be nice... though he'll just up his efforts to soak his cultists highlighting again how all his stuff is overvalued up to ~12x is nice kicking him out of NY would be nice, though his business model seems to involve doing very little of anything anyway... just pretending to be involved in projects to trick investors (that's the actual business practice, walking the line of fraud all the time), & that was before they moved into just politics
Habebe Member	Thu Sep 22 12:49:48 "(but not Trump directly, as usual" Trump is nototious for separating himself. Waka Flacka (rapper) said that was one of the best things he had ever learned and he learned it from Trump, don't out anything* in your name, always in a separate entity to take any heat. The thing about getting Trump for me is the endless desperation to do so. They throw everything at the wall and hope something sticks.Sure I bet he has been involved in a never ending stream of criminal/shady business deals. But dies anyone care that someone had a business that a while ago inflated the value if their property to get a loan on? Seriously if this wasn't Trump related who would care? It goes for all sides, like I get the right is all about getting Hunter, me? I just want to snort drugs of Unkrainian hookers asses.now, sounds awesome.
nhill Member	Thu Sep 22 12:57:54 People do need to be punished for fraudulently inflating their asset values in order to raise more capital than they can secure. 1. It reduces available capital for honest people. 2. If a normal person did this, such as saying you make $500,000 a year on a credit application, they get punished. He (and many others I'm sure) are doing this at a higher order of magnitude. If anything, we should be caring more about Trump Org doing it than everyday people. But I agree with the rest of you.
Habebe Member	Thu Sep 22 13:10:30 "People do need to be punished for fraudulently inflating their asset values in order to raise more capital than they can secure." Yeah, I mean it makes sense, but it's honestly not an issue I'm losing sleep over. But I do agree we shouldn't care so much about regular people doing it within reason. If someone says their house is worth 220k instead of 180, do I really care? No, honestly good for him, the credit market fucks people all the time, mostly little guys Honestly the entire credit score seems like a scam. How the fuck is the algorythm not open-source? I feel like that's akin to having laws and saying "Just be good, follow these basic guidelines" without spelling out the details.
nhill Member	Thu Sep 22 13:10:41 Oh also, the biggest one: 3. It puts the lender at a risk they did not account. So if $500,000,000 of collateral is put up for a $400,000,000, and Trump Org misses a payment or defaults, and it turns out that the actual collateral is worth $350,000,000 the lender eats a major loss.
nhill Member	Thu Sep 22 13:12:40 >it's honestly not an issue I'm losing sleep over. It's more important than you think. In a black swan event, banks need to be able to secure capital from the collateral. Otherwise the banks fail and we taxpayers bail them out. But yes, it's ridiculous that individuals get in trouble but Trump Org, who is putting our financial system at significant risk, isn't held accountable.
nhill Member	Thu Sep 22 13:15:43 I think your also underestimating capital availability. If the Trump Org is routinely getting $100,000,000 extra on each loan, the rest of us pay for it. It is mostly a closed system, other than a few exceptions (e.g. central bank).
nhill Member	Thu Sep 22 13:16:28 That increases the demand for capital and liquidity, which... supply/demand. The rest of us pay for it.
Forwyn Member	Thu Sep 22 13:57:03 New York politicians still dedicating their entire name and career to MUHHHHHHHHHH DRUMPF
nhill Member	Thu Sep 22 14:57:08 Agree it's a political hit piece, but that doesn't detract from the problem here. If it takes political bullshit to make people less likely to abuse our financial system, I'm okay with that. There's no difference between demoncrats and republitards anyways, so idc who is in power out of the two.
Cherub Cow Member	Thu Sep 22 15:39:50 [Habebe]: "So it's nothing new, they are digging up shit to sling at the wall...yawn." Yup. Letitia James is running for reelection as NY's Attorney General. She needs a win in November. A poll from two weeks ago put her competition, Michael Henry, 2 points ahead of her: http://www...Y-General-Poll-Report-0913.pdf This "[I'll sue Trump!]" BS has been her calling card. She's been flagging for a while, has TDS, and the DNC is desperate to hold onto power. She's the one who appeared in a video months ago for basically just saying, "Donald Trump", when asked a question by a rando's selfie-video (i.e., compare to the Lois Griffin "9/11" speech episode http://www.youtube.com/watch?v=Gi4Z06IbSek — substitute "Trump" with "9/11" and you have James' entire platform). She was also one of the DNC's insurrectionists who many-times declared that Trump was an "illegitimate president" due to 2016 fraud (only okay if said by the DNC). The substance of the lawsuit is particularly pathetic, and even their $250 million in damages — despite being inflated — is not that much, showing just how small their claims are. She's basically retarded and is afraid she's going to lose, so she has this pathetic October surprise planned to get midwit NewYorkers to the polls. It'll probably work, since lots of New Yorkers also have TDS and respond to stories like this. These idiots voted for Eric Adams, after all.
nhill Member	Thu Sep 22 15:46:01 $250 million in damages, sure. Creating a cascading liquidity crisis that the taxpayers have to pay for would have been billions in damages, however. They didn't default on their loans so it didn't cause any issues. Get a clue. This type of behavior is what causes taxpayers having to bail out banks.
nhill Member	Thu Sep 22 15:47:23 You can have integrity and admit that: 1. This is a political hit due to midterm elections. 2. This type of behavior needs to be punished with extreme prejudice to deter similar behavior. It's not that hard ;)
Habebe Member	Thu Sep 22 15:49:31 "But yes, it's ridiculous that individuals get in trouble but Trump Org, who is putting our financial system at significant risk, isn't held accountable." I mean assuming they commuted intentional fraud, yeah, that's bad. But also political based persecution, also bad.He can be guilty and still be persecuted because Orange man bad. I mean, as I understand it, the loan he got is paid off. Ive also not read anything on it, or what exactly he did to inflate the value.
nhill Member	Thu Sep 22 15:58:30 You repeated my previous two posts, but I'd like to add that it doesn't matter if the loan got paid off. There's a reason loans are secured. Just because he paid it off doesn't excuse the risk Trump Org put on its lenders. If they want an unsecured loan, they can seek that out. If they secure their loan, they have a responsibility to provide the collateral. Some banks/lenders went the extra mile, fortunately for them, and found out that Trump Org did inflate the value of their assets based on independent evaluations. Good for them in preventing fraud and managing their risk. It is still wrong and dangerous to take out a secured loan without securing it fully. There's a reason interest rates are way higher for unsecured loan (which is obviously the reason they faked securing). The higher interest rate allows lenders to account for the risk of default and prevent contagion in the rest of our financial system.
murder Member	Thu Sep 22 16:02:32 "Trump is nototious for separating himself." Nah, he's a government rat.
Cherub Cow Member	Fri Sep 23 03:55:34 "[A massive conglomeration of UN/WEF asset managers using their trillions to intentionally collapse economies under the guise of ESG/DIE "climate action" is the] behavior ... [that] causes taxpayers having to bail out banks. [They branded this in 2004, executed it in 2008 to force the very model of the "too big to fail" government–corporation total state, and are now doing it again worldwide via their Great Reset.] ... This type of behavior needs to be punished with extreme prejudice to deter similar behavior." Definitely, yeah. What's wild is that Trump has done a lot to act against the WEF totalitarians who are actively collapsing the world's economies, but totalitarian useful idiots such as Letitia James just act on the total state's behalf for these petty and irrelevant real estate charges. She's hitting trump with a $250 million propaganda stunt, meanwhile, former VP Biden is spending trillions to launder money into this WEF pyramid scheme, driving up inflation, intentionally causing the devaluation of U.S. currency, and pushing the world into mass famine and global conflict... So, James' behavior should be punished in the ballots, absolutely. No one should vote for anyone promoting ESG/DIE.
nhill Member	Fri Sep 23 08:41:41 Yes, there are multiple potential risks. Congratulations. You're learning. ;)
Paramount Member	Sat Sep 24 12:01:30 It will be interesting to see if the liberal elite in the USA manages to put the "wrong" candidate in jail or not :)
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