Judge orders Trump to pay nearly $355 million in civil fraud trial

If we're relying on the bank to opine today as to what the valuations should have been then and they didn't even bother to look at it then, that neuters their credibility. This case seems to be relying on that testimony and that's ridiculous as the valuations are subjective in the first place. Let alone the fact you didn't even look into them before you made the loan, but you want us to take your word for it now, years later, when it's the politically expedient thing to do?

 

A few things:

Trump and their accountants set up a circular fraud where each said they were relying on the judgment of the other to the accuracy of the valuations. This was to allow them to each point the finger at each other if anyone ever raised any issues.

The GoFundMe has been shut down as their rules do not allow contributions to satisfy monetary fraud judgments.

The merger for Trump Social still has to close and their partner is foreign and shady. Trump can't sell his stock until 6 months after the merger closes. Who knows what the stock price might be worth at the time of closing?

 

It's pretty simple. Trump and the Trump organization took a risk by playing games with their financials because they didn't think they'd get caught. If they got caught, they figured it would be a slap on the wrist compared to the benefit received as a result of their fraud. That risk came back to bite them. The blame lies nowhere except with Trump and the Trump organization.

 

One other thing: Trump can't take a loan from any lender licensed to do business in NY. There aren't many lenders worth their stripe that qualify then.

 

Reckon his signature is anywhere on the loan application stating the information provided is accurate?

 

There's also NY state's unique "persistent fraud" law which was essentially an accelerant on the flames of his punishment.

 

The 92 page ruling has been linked in this thread. If you read it, you will have many of your questions answered.

 

https://www.washingtonpost.com/technology/2024/02/15/truth-social-trump-merger-sec/

Ritter said that in his opinion the merged company’s valuation — roughly $9 billion, based on Digital World’s current price — is out of sync with the Trump company’s financial performance. Trump Media generated $3.4 million in revenue and lost $49 million during the first nine months of 2023, Digital World said in a recent SEC filing.
Trump Media is “a money-losing company that generates less than $5 million per year,” Ritter said. Digital World, he said, is in his view “a classic meme stock, whose price is totally unrelated to the underlying fundamentals.”

 

Trump would actually have to pay the fines for it to even be a "slap on the wrist." There will be at least one appeal and then if he happens to somehow win in November, something tells me this ruling won't stand the test of time. Just a hunch.

 

The court didn’t rely on the banks for valuation. What came into evidence was the lending criteria. Separate experts weighed in on the value. Even TO’s own accountants have retracted the balance sheets claiming they’re unreliable.

 

In today's America once the jury has been selected their verdict can be predicted with astonishing accuracy, facts be damned.

 

Well then, that makes more sense, because the more likely scenario is the banks did underwrite the loans and were good with them. They found a few experts who hate Donald Trump and boom he's guilty. Kangaroo courts are fun. More misuse of taxpayer funds, as Trump won't pay a dime of this fine.

 

I think I figured out why you are are struggling so badly trying to figure out what happened and why.

"So, whether you like the TO or not .... you can evaluate the substance of the various transactions discussed at length in the ruling and decide for yourself if NY's discouragement laws, as utilized/applied in this prosecution, were done so in politically-unbiased, honest, reasonable and equitable fashion."

Thanks for the chuckle, that was genuinely funny.

 

This case shows what can happen to you if you reside in a state run by Democrats, like California, Illinois, New York or Delaware. I advisey clients to move.--Per a famous tax attorney

 

lol @thelouisianagator must be angry he's giving out dislikes to everyone.

 

Trump is the most oppressed person to have ever lived. Every judgement against him is politically motivated. Trump U, Rent discrimination, Charity Fraud, Rape, Financial fraud, 81 cases of election security and shortly Georgia election interference, hiding top secret documents, and improper use of campaign money to pay pornstars.

I mean… how could every single one of those cases not be a deep state op? Trump would have to have no regard for laws to have done all that and we know he is a stickler for following rules.

 

At least he’s not flip flopping. He hates everything… except Life cereal.

 

Lol …… wooosh!!

 

How can we trust your judgement when you can’t put your comments outside my quote?