Remember President Carter’s family peanut firm? Repubes didn’t allow him to keep it to inflate the value because of “PrESiDenTiAL PrOpERtY”
Fucking traitors.
If he also paid tax on those inflated value, then go right ahead.
It becomes problematic and fraudulent when you want to pick and choose.
I mean, obviously tax fraud is tax fraud, but it is fraud against a bank to lie to a bank. McDonald’s can’t lie to you to sell you a hamburger and Trump can’t lie to people to get investors. Separate issues than tax fraud.
McDonald’s can’t lie to you to sell you a hamburger
A court just ruled they can in fact do that
not really. Not even close, actually.
The question in the lawsuit is… is the photograph really lying? the judge or whoever in that trial decided that reasonable people would not look at a photo advert and assume the burger would be exactly like that photo- which is reasonably assumed to be doctored to look more appetizing than it normally would be. In part, because taking pictures of food is actually difficult, things get cold, dry out. get disgusting pretty quickly.
but at no point did any one say they were selling you a 1/3 pound beef patty and actually sell a 1/4 pound beef patty- or a patty made of something other than beef. In short, it was a stupid lawsuit. McDonalds does some genuinely awful things… but making nice-looking advertisements is not one of them.
I said fraud, not tax fraud.
Some folks are born silver spoon in hand Lord, don't they help themselves But when the taxman come to the door Lord, the house lookin' like a rummage sale, yeahSecuring loans against inflated equity is fraud and problematic regardless still. It’s like if a normal person was to Photoshop bank statements and paychecks to secure a mortgage they didn’t qualify for. It’s fraud and it’s a felony.
This is what we get for failing to enforce the Emoluments Clause.
This is what we get for not enforcing the tax code and basic business regulations (like “don’t commit fraud”) on the rich.
Trump’s tax fraud schemes have been public knowledge for decades, but apparently it’s not possible to prosecute these things when the fraud reaches amounts of 7+ figures.
Once you get enough money, you can openly commit fraud in the country. It’s not even a secret. Once you have a big enough legal fund prosecutors don’t want to go after you, because they could lose. They can’t possibly risk having another loss on their tally. Better to force some brown people to plead out on planted dime bags because they can’t afford a lawyer.
Sorry, enforcing the law on the rich will hurt The Holy Economy so we can’t do it.
Early on, I hoped that Trump would destroy the GOP. Now it looks like he may take a lot of bankers and fraudulent rich folks with him.
Anyone who has had to show three paychecks to rent an apartment is livid over the idea that Trump could get millions in loans with fake documents.
Seems sus since he was doing it well before he became president.
This is what I wondered, weren’t these under audit before he became President? His bullshit excuse for not releasing his tax
fraudreturns.I know it’s separate from the NY investigation, but I assume that was part of the audit.
This is the best summary I could come up with:
After journalists revealed several years ago that former President Donald Trump was likely not as wealthy as he claimed, executives at his company scrambled to justify new allegedly inflated valuations, volleying around ideas like applying a “premium for presidential property” to certain assets, according to evidence presented during Trump’s civil fraud trial in New York.
The internal deliberations began after Forbes magazine revealed in 2017 that Trump’s Manhattan triplex, or three-story apartment, was about a third of the size he had long claimed — about 11,000 square feet, instead of more than 30,000 — and thus far less valuable.
And, New York Attorney General Letitia James claimed in her 2022 lawsuit, those high valuations were also personally important to Trump.
Weisselberg acknowledged during his Tuesday testimony another directive he gave to former Trump Organization controller Jeffrey McConney that was intended to boost the value of properties: simply say some of them are worth 30% more.
Attorneys for the defense have argued in filings that the company was within its rights to add so-called “brand premiums” to its valuations.
Birney fired off a series of emails to the company’s bankers and others — some he said may have been dictated by Weisselberg — seeking information related to the values of various properties.
The original article contains 727 words, the summary contains 211 words. Saved 71%. I’m a bot and I’m open source!
Attorneys for the defense have argued in filings that the company was within its rights to add so-called “brand premiums” to its valuations.
Was the “brand premium” considered in property tax assessments?
Hahahaha🤣
❤️ you, bot!
Is it just me, or do Trump’s legal defenses involve an awful lot of “maybes”?
