'Significant' evidence suggests Trump Org misstated asset values for more than a decade, NY AG says

[kpete]

‘Significant’ evidence suggests Trump Organization misstated asset values for more than a decade, NY AG says

KEY POINTS
The New York Attorney General Office’s probe of the Trump Organization “uncovered significant evidence” suggesting that the company’s financial statements for more than a decade relied on misleading valuations of its real estate assets, the office said

Those potentially inaccurate valuations were used “to secure economic benefits — including loans, insurance coverage, and tax deductions — on terms more favorable than the true facts warranted,” the office said in a court filing.

The filing was made in response to the Trump Organization and former President Donald Trump’s appeal of a judge’s order that Trump and two of his adult children, Donald Trump Jr. and Ivanka Trump, had to submit to interviews under oath by investigators from James’ office.

https://www.cnbc.com/2022/03/29/ny-ag-probe-suggests-trump-business-misstated-asset-values-for-years.html

[world wide wally]

1. That's because Trump is a criminal

[SoonerPride]

2. and why have they dropped the criminal case?

Last edited Tue Mar 29, 2022, 11:59 AM - Edit history (1)

these news drops are maddening.

[uponit7771]

5. No on in NYC and state has dropped TFG cases, NYC AG says they will continue ...

[brush]

9. What about the Manhattan DA's failure to back the two...

chief prosecutors who were ready to indict trumlp? Something sure smells with that.

[uponit7771]

27. He claims the investigations is still going on ... I don't trust him though

[uponit7771]

3. Does the NYC AG have similar evidence ?!

[MagickMuffin]

4. So, What are they going to do about it?

Inquiring minds want to know!

[Tree Lady]

11. It's got to the point

As I read each post saying yet another thing Trump has done my first thought is, another crime he will get away with.

[Totally Tunsie]

22. My question exactly.

[dalton99a]

6. Kick

[BlueIdaho]

7. In my dreams some court somewhere

Holds this criminal family accountable. Then I wake up and it’s the same shit, different day.

[Hoyt]

8. Guess we'll be calling for AG James' ouster if she doesn't indict trump soon.

[brush]

10. It's a civil case with the AG. I don't think indictment...

is the word to use in civil cases.

[Hoyt]

12. What is difference in this and Alvin Bragg's case?

[brush]

16. The Bragg case is/was criminal. Prosecutors were sure...

they had the goods on trump fraudulently raising and lowering asset valuations to borrow more from banks with higher valuations, then pay lower taxes by lowering valuations in tax filings.

The AG found much fraudulent activites with the family using his charities for slush funds and such. I think she stayed out of the way on th criminal side for the Manhattan DA Vance but he kept drawing it out for years until the two top prosecutors got the real, clear evidence on trump. Then Vance decided not to run for re-election (I think he had taken campaign funds from trump and had no real appetite to go after him.

Not running was his way of getting out of it and then Bragg punts too. Maybe there was an agreement with Vance, or who knows. Follow the money I say.

[Hoyt]

18. So, same issue-- finanical and property tax allegations. Why can't state DA indict on that?

My guess is that James could indict on that, but knows it is likely to end in trump walking. Alvin Braggs, apparently feels the same.

[brush]

19. Like I said, the Manhattan DA has jurisdiction over...

Manhattan crimes so the AG left it to the Manhattan DA's office. From your writings you seem to think they didn't have a good case despite what the lead prosecutors contended. They came out and said openly that trump is guilty of felonies and they were ready to indict.

They probably know a lot more than you do on the case.

[Hoyt]

20. I think Bragg knows more than we do. But, you seem fine bashing a duly elected Democrat. I'm not.

And, yes, the NY AG could file criminal charges if she thinks they can win.

[brush]

21. 5m pages of documents on the case and he declines...

to move forward after only a month and a half in office?That's not enough time to evaluate the merits of a years-long investigation. That seems right to you?

Why do you thing the press is getting involved now?

[PatSeg]

13. Oh, a whole lot longer than a decade

I think that was standard operating procedure for Trump most of his adult career.

[Totally Tunsie]

23. ...as well as his father before him.

TFG learned his "ethics" sitting at Fred's right side.

[PatSeg]

28. Yes, I was thinking the same thing

He learned a lot from Fred and took it farther. What he didn't learn from daddy, he learned from Roy Cohn. The making of a monster.

[tanyev]

24. Yep. The real shocker would be finding a year when he didn't.

[PatSeg]

29. Yeah and that's not likely to ever happen

For Trump, lying and cheating was just business as usual.

[TheBlackAdder]

14. Meanwhile, in real parts of Ameria, tax accessor offices use real floor plans & visual inspections.

[wryter2000]

15. Fine

Are they effing going to do anything about it?

[lpbk2713]

17. An IRS team should be formed to take them all apart.

It would be well worth the time and there would be a considerable return on the investment.

[ProfessorGAC]

25. Try Over 30 Years

It started before TFG even took over daddy's company.
TFG just turned it into a (unlawful) business model.
Float debt on inflated assets. Hide other debt. Get new loans from sucker loan officers too dumb to have that job.

[Yo_Mama_Been_Loggin]

26. But of course

He's channeling Leona Helmsley. "Only little people pay taxes." Nothing little about Donald Trump.

[Yo_Mama_Been_Loggin]

30. Glad someone's still going after the orange tub of lard

[LetMyPeopleVote]

31. This is an interesting brief

Link to tweet

Link to tweet

Link to tweet