👓 Reading time. Memorandum of law in the New York v. Trump Organization case

[soothsayer]

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Jennifer Taub
@jentaub
👓 Reading time. Memorandum of law in the New York v. Trump Organization case

https://ag.ny.gov/sites/default/files/doc_11_memorandum_of_law.pdf…

[Gothmog]

1. Thank you for posting this

[Wellstone ruled]

2. Pretty lengthy Filing.

So we can expect the states of Illinois and California to be major parties to this case. It is all going to be about lost Tax Revenue plus Interest. Knowing Cali,you know damn well their Lawyers are going to join in just for the Tax money lost.

[Frustratedlady]

4. Was that Illinois mention about the LLC Trump said was valued at $50M...

A loan or whatever from him that never changes? The name didn't sound familiar, but it was a long time ago since I've seen the name of the LLC. There are no expenses or income from it?

[Wellstone ruled]

5. Real Estate Investing as well as

development can be a crooked world. Complete with Appraiser's willing to fudge the numbers for a gratuity. Mortgage Loan Officers willing to look the other way for a gratuity. Underwriters who receive a stipend per piece of paper they handle. Suddenly that Document file grows several times over.

The trick is to inflate your values in order to keep borrowing operating(personal)capital in order to live the good life. Then dump the junk on some sucker at a inflated price. Clear the loans and hurry up and create a LLC to park your profit.

[Frustratedlady]

6. I should think the IRS could have picked up on this if he was audited every year, as he claimed.

It certainly would have taken a ton of unraveling, but at least they had his taxes from many years.

Having so many companies and entities has to be a big help.

[Wellstone ruled]

7. So wish that is a trueism.

Not. Timing of Sales as well as using the Forward Investment option in a project of greater value or using the time required by the IRS to declare or reinvest your gains.

Those profits are all subject to write down via Expenses and loss of Good Will.

Forensic Accountants are worth their weight in Gold and Platinum combined. A one or more will put the Trump Crime Syndicate behind bars.

[The Velveteen Ocelot]

3. Juicy!