So, Who Gets Trump's $350 Million? (Page 2): He's been found Guilty so it's up to the appeal court to sort it out. There's a set of rules. He breached the rules so if you do that you...

Bob Smith Loc: Banjarmasin

btbg wrote:

I'm not wrong minded. Since when do you force someone to pay 350 million for a "fraud" where no one was defrauded?

The only possible fraud would be tax fraud, but since they supposedly inflated the value of the properties it's hard to believe that there was tax fraud.

He's been found Guilty so it's up to the appeal court to sort it out. There's a set of rules. He breached the rules so if you do that you get punished for it. Just because he is jumping up and down squealing that it's a plot against him it makes no difference.

DennyT Loc: Central Missouri woods

[quote=FrumCA][quote=Triple G]You are just wrong minded on this case.

https://kirschcpa.com/accounting-services-blog/financial-statement-fraud-dont-believe-everything-you-read/[quote]

https://www.justice.gov/opa/pr/false-claims-act-settlements-and-judgments-exceed-2-billion-fiscal-year-2022/

Quote:

Re: Your 1st link - this addresses fraud against the government. Did Trump defraud the US Govt?

Re: Your 2nd link - evidently the banks that made loans to Trump weren't aware of these principles.

The other shoe is yet to fall. His finance data has been referred to IRS I hear. This the candidate who consistently refused to release his tax returns. Wonder why ??

Triple G

btbg wrote:

I'm not wrong minded. Since when do you force someone to pay 350 million for a "fraud" where no one was defrauded?

The only possible fraud would be tax fraud, but since they supposedly inflated the value of the properties it's hard to believe that there was tax fraud.

There was a sum of $370 mil of ill-gotten gains through fraud and deception. The judge agreed with $365 mil of that tally. Trump will be able to go line by line on that tally on appeal. You can bet that it could have been more.

One Rude Dawg Loc: Athol, ID

pmorin wrote:

Normally fines go to the county of jurisdiction. But the grifter will appeal and it will most likely be years before he has to pay.

That's okay, it ties up the money and costs millions for lawyers.

Triple G

One Rude Dawg wrote:

That's okay, it ties up the money and costs millions for lawyers.

He has to put up that amount to get the appeal just like in the Carroll case. He'll have a lot of money tied up not available as use for collateral or making him money on investments.

Watash

rcarol wrote:

The judge has ruled that Trump is guilty of committing fraud in New York and has ordered him to pay $350 Million in fines. There is no surprise there. The judge had stated from day one that Trump was guilty. My question is, "Who gets the money?" The state of New York? How convenient! I'm sure other New York developers are taking a close look at this ruling.

He will never have to pay. It will be overturned on appeal. I look for the judge to get some dressing down
about some of his statements and actions upon appeal. He's a Dem political hack.

Triple G

Watosh wrote:

He will never have to pay. It will be overturned on appeal. I look for the judge to get some dressing down
about some of his statements and actions upon appeal. He's a Dem political hack.

I believe you will be disappointed in how this goes forward. Trump's probable only defense will be "ineffective counsel".

RixPix Loc: Miami, Florida

rcarol wrote:

The judge has ruled that Trump is guilty of committing fraud in New York and has ordered him to pay $350 Million in fines. There is no surprise there. The judge had stated from day one that Trump was guilty. My question is, "Who gets the money?" The state of New York? How convenient! I'm sure other New York developers are taking a close look at this ruling.

The real question should be what is motivating this moron that started the go fund me page to help him pay?

https://www.hindustantimes.com/world-news/us-news/trump-supporters-set-up-355m-gofundme-campaign-for-unjust-judgement-101708166902771.html

FrumCA

Triple G wrote:

If he didn't pay correct taxes, then yes. Court d... (show quote)

I believe this will be overturned on appeal. The potential tax issues are a different matter.

rbtree Loc: Shoreline, WA, United States

Interest is back-dated. He owes some $450m. The number will only get larger as tRumpty appeals....

Triple G

FrumCA wrote:

I believe this will be overturned on appeal. The potential tax issues are a different matter.

I disagree. The final nail was that even with a court appointed monitor, papers with over $40 million of "internal transactions" with no accompanying paper trails were filed. Note one of the big red flags listed in my earlier citation is exactly that kind of activity. I was surprised that the judgment wasn't greater than the $370 mil asked for...especially if that $40 mil wasn't already accounted for in the $370 mil sum. He's lucky there aren't punitive damages to be assessed once that $40 mil transaction was discovered.

FrumCA

Triple G wrote:

I disagree. The final nail was that even with a c... (show quote)

We shall see.

Blurryeyed Loc: NC Mountains.

rcarol wrote:

The judge has ruled that Trump is guilty of committing fraud in New York and has ordered him to pay $350 Million in fines. There is no surprise there. The judge had stated from day one that Trump was guilty. My question is, "Who gets the money?" The state of New York? How convenient! I'm sure other New York developers are taking a close look at this ruling.

It is going to be appealed and should it fail in the appellate court it will be appealed to a higher court, this ruling is a sham, completely bogus and even the dems know this.

btbg

Triple G wrote:

I disagree. The final nail was that even with a c... (show quote)

I understand what you are saying. Now cite just one other case where New York has gone after another business in the same way when their is no victim.

Also doesn't it concern you that the prosecutors ran for office solely on the platform of getting Trump.

Even if guilty on all counts Trump is not being treated the same as other businessmen, thus making the case political.

Triple G

btbg wrote:

I understand what you are saying. Now cite just one other case where New York has gone after another business in the same way when their is no victim.

Also doesn't it concern you that the prosecutors ran for office solely on the platform of getting Trump.

Even if guilty on all counts Trump is not being treated the same as other businessmen, thus making the case political.

Guilty is guilty when based on evidence. Motivations take a back seat when there really is fire amongst the smoke.

Trump is stupid if he believed that he and his businesses wouldn't be put under the microscope. And, even worse than stupid, arrogant if he knew what was going on and figured he'd get away with it.