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[W:778] (Bloomberg Law) Trump Bond Reduced to $175 Million as He Appeals NY Fine

"If you or I were in this situation, I doubt very much we'd see a reduction like that."
EMNofSeattle said:
Lol what do you call debt collection? That’s an industry based on settling your debt for nickels on the dollar after you didn’t pay.

Trump actually did pay back the loans
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You are clearly not following along. No one has accused trump of not repaying the loans. That isn't even relevant. No one is talking about debt collection. At all.
 
EMNofSeattle said:
What is a lie? I think if you look at how many people have made income estimates favorable to themselves when applying for credit you’ll see it’s quite a large group of people.

In order to get a credit card I once listed my before tax income then added my expected tax refund to the number.
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Oh you bad boy! Trump valued Mar a Lago at $739 million when it was worth 37 million at best. That’s 20 times its value. Why didn’t you multiply your income by 20?
 
Ethel2 said:
It’s worth $18m because the honorable judge Engoron says that’s how much it’s worth.
Your opinion doesn’t count.
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Engoron has never said what Mar-a-lago is worth.

Justice Arthur Engoron again rejected Trump’s claims that Mar-a-Lago is worth $1 billion in favor of the much lower valuation issued by local Florida officials.
nypost.com

Judge at Trump civil fraud trial implores media to stop saying he valued Mar-a-Lago at $18M

A judge deciding Donald Trump’s fate in a $250 million civil fraud case implored the media to stop saying he valued Mar-a-Lago at $18 million.
nypost.com nypost.com
 
George50 said:
Oh you bad boy! Trump valued Mar a Lago at $739 million when it was worth 37 million at best. That’s 20 times its value. Why didn’t you multiply your income by 20?
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Didn’t he also state that his suite at Trump tower was three times larger than it actually is?
Someone posted a list of his absurd overvaluations.
 
OpportunityCost said:
Do you really think Mar a Lago is only worth $18M? Thats part of Engeron's contention.

The judge is a ****ing moron when it comes to real estate.
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I'll help you out here as you seem to be running around with Trump's bait and hook in your mouth.

Engoron never made any estimate on the value of Mar a Lago. He used figures from the county tax assessor’s appraisal value.

Between 2011 and 2021 the appraised market values were between $18 million and $27.6 million.

You should also keep in mind that Trump's own tax people challenged the 2020 market value as being too high.

Trump might think Mar-a-Lago is worth $1.8 billion, but in 2020, his own company said the Palm Beach appraiser was right. That year, the county valued Mar-a-Lago at $27 million.

"The Petitioner agrees with the determination of the property appraiser or tax collector," a real estate broker representing Mar-a-Lago acknowledged on a form filed with the local Value Adjustment Board, and obtained by CBS News.

The broker, Michael Corbiciero, had at first filed to challenge the valuation — attesting under penalty of perjury that the filing was on the owner's behalf as the property's authorized agent — before withdrawing the petition and checking a box saying the property had been accurately appraised.


www.cbsnews.com

Trump says Mar-a-Lago is worth $1.8 billion. Not long ago, his own company thought that was over $1.7 billion too high.

Trump might think Mar-a-Lago is worth $1.8 billion, but in 2020, his own company said the Palm Beach appraiser was right. That year, the county valued Mar-a-Lago at $27 million.
www.cbsnews.com www.cbsnews.com

And of course there is the factor that Mar a Lago cannot be assessed based on surrounding properties because Trump has severe restrictions on Mar a Lago so he can save on taxes.

However I'm pretty sure if Trump wants to play make believe that it's worth $1.8 billion, then the county tax assessor would be glad to make the appropriate adjustments.
 
George50 said:
Oh you bad boy! Trump valued Mar a Lago at $739 million when it was worth 37 million at best. That’s 20 times its value. Why didn’t you multiply your income by 20?
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If a lender agreed that was the value and the loan was repayed there was no fraud
 
Ethel2 said:
It’s worth $18m because the honorable judge Engoron says that’s how much it’s worth.
Your opinion doesn’t count.
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The judge was using the numbers given to him by the county tax assessor.
 
EMNofSeattle said:
If a lender agreed that was the value and the loan was repayed there was no fraud
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Fraud occurs when you submit inaccurate documents. Whether or not the loan was repaid is irrelevant.

BTW, why didn’t you multiply your income by 20?
 
SkyFox76 said:
The judge was using the numbers given to him by the county tax assessor.
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Of course! The judge isn’t a real estate broker or professional appraiser! He relied on outside experts to assign a value to MEL.
 
EMNofSeattle said:
This was clearly aimed at stopping an exodus of businesses from New York because it’s obvious Trump didn’t break the law and she needed to reassure donors they weren’t next

I don’t need to hear what you’re making up
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If police come and raid three houses on your street for dealing drugs, are you going to flee when the strongest drug in your house is Tylenol?
 
George50 said:
Fraud occurs when you submit inaccurate documents. Whether or not the loan was repaid is irrelevant.

BTW, why didn’t you multiply your income by 20?
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That’s the law in NY and, I suspect, in many other states. You cannot knowingly lie on loan applications. That is a crime.
 
Ethel2 said:
Of course! The judge isn’t a real estate broker or professional appraiser! He relied on outside experts to assign a value to MEL.
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As did the company that lent money to Trump...
 
Ethel2 said:
Didn’t he also state that his suite at Trump tower was three times larger than it actually is?
Someone posted a list of his absurd overvaluations.
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Trump is like the dumb criminal that wants to get caught. Then he whines like a spoiled toddler when he gets caught. "Not fair! Wahh!"
 
EMNofSeattle said:
This was clearly aimed at stopping an exodus of businesses from New York because it’s obvious Trump didn’t break the law and she needed to reassure donors they weren’t next

I don’t need to hear what you’re making up
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Why would businesses want to flee NewYork? Legitimate businesses might fudge a little like you did when you applied for a credit card. However, they don’t multiply the value of their assets by a factor of 20 and they certainly don’t want to have to deal with a con man who does.
 
DrewPaul said:
As did the company that lent money to Trump...
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The company that foolishly loaned money to the jackass relied on the financial documents (which have been demonstrated to be lies) submitted by the jackass.
I posted proof of that earlier. Try to pay attention!
 
Uriah said:
Yes. If you shoot at someone and miss, I think there's a very good chance you will found guilty of attempted murder or aggravated assault.
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Yep, just like Trump was found guilty of fraud, even though (you claim) he missed hurting them.

Now you are getting it.

And, of course, the banks lost tens of millions of dollars, so Trump didn't miss.
 
justoneman said:
I am stating that banks that make loans, completely assess the valuations of assets used to determine loan terms.
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Except Trump didn't collateralize any assets. Try again.
 
Uriah said:
Who is the potential victim?
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The banks weren't potential victims. They were actual victims... losing millions and millions from Trump's fraud.
 
EMNofSeattle said:
Lol what do you call debt collection? That’s an industry based on settling your debt for nickels on the dollar after you didn’t pay.

Trump actually did pay back the loans
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Trump was not charged with being a dead beat in this trial. So your point is moot.
.
 
justoneman said:
The representative from the bank went on the stand and stated the banks position that they do their own due diligence and that they had no problem with Trump's loan what so ever.
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So you think this is just a bunch of banks buying influence from a presidential candidate?
 
Uriah said:
You say he's a liar. Let's see your evidence. His Testimony is under oath.
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You haven't shown me his evidence. I don't even know if it exists.
 
OpportunityCost said:
Again, they ARE coordinating with Smith and Smith IS coordinating with Garland and Garland does what Biden or the WH asks of him.
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Oh, I hope so. I hope some good Americans somewhere are working to stop the election-cheater, classified-docs' thief and violent insurrectionist.

Is there a place I can go to contribute to the cabal?
 
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