4,350
 

Jan 19 - "Significant Evidence" Trump’s company misled banks & tax officials



ADVERTISEMENT
 
topics gone triple plat - Number 1 spot 3X PLAT




section  x1   |  0 bx goons and 1 bystanders Share this on Twitter       Share this on Facebook

section news
  
 4 months ago '07        #1
901 page views
44 comments


yola  topics gone triple plat - Number 1 spot x79
avatar
Props total: 113203 113 K  Slaps total: 15468 15 K
Jan 19 - "Significant Evidence" Trump’s company misled banks & tax officials
 

 

NEW YORK (AP) — The New York attorney general says her investigators have uncovered evidence that former President Donald Trump’s company used “fraudulent or misleading” valuations of its golf clubs, skyscrapers and other property to get loans and tax benefits.

In a court filing late Tuesday, lawyers for Attorney General Letitia James told a judge they have not decided whether to bring a lawsuit in connection with the allegations, but that investigators should be allowed to question Trump and his two eldest children under oath as part of the civil probe.

The Trump Organization issued a statement Wednesday calling the investigation “baseless” and politically motivated.

The court documents contain the attorney general’s most detailed accounting yet of a long-running investigation into allegations that Trump’s company exaggerated the value of its holdings to impress lenders or misstated what land was worth to slash its tax burden.

The Trump Organization, James’ office said, overstated the value of land donations made in New York and California on paperwork submitted to the IRS to justify several million dollars in tax deductions.

When giving estimates of Trump’s wealth, the company misreported the size of his Manhattan penthouse, saying it was nearly three times its actual size — a difference in value of about $200 million, James’ office said, citing deposition testimony from Trump’s longtime financial chief Allen Weisselberg, who was charged last year with tax fraud in a parallel criminal investigation.

James’ office detailed its findings in a court motion seeking to force Trump, his daughter Ivanka Trump and his son Donald Trump Jr. to comply with subpoenas seeking their testimony.

Investigators, the court papers said, have “developed significant additional evidence indicating that the Trump Organization used fraudulent or misleading a*set valuations to obtain a host of economic benefits, including loans, insurance coverage, and tax deductions.”

In its statement, the Trump Organization said “the only one misleading the public is Letitia James.”

“She defrauded New Yorkers by basing her entire candidacy on a promise to get Trump at all costs without having seen a shred of evidence and in violation of every conceivable ethical rule,” they wrote. “Three years later she is now faced with the stark reality that she has no case.”

Donald Trump Jr. said on Twitter that the investigation “is nothing more than political retribution from her on behalf of the entire Dem Party. She should be disbarred!”

The disclosure comes as Trump has been laying the groundwork for a potential comeback campaign for president in 2024. He held his first rally of the new year last weekend in Arizona, where he slammed the “monsters that are using law enforcement for political retribution at the local, state and federal level” and aired an anti-James video that highlighted her past anti-Trump statements.

Trump’s legal team has sought to block the subpoenas, and it asked a federal court last month to put an end to James’ investigation. That lawsuit is pending. His lawyers say James is improperly attempting to obtain testimony in her civil probe that could be used in a parallel criminal investigation overseen by Manhattan District Attorney Alvin Bragg.

In a statement late Tuesday, James’ office said the evidence gathered so far shows that her investigation should proceed unimpeded.

“For more than two years, the Trump Organization has used delay tactics and litigation in an attempt to thwart a legitimate investigation into its financial dealings,” James said. “Thus far in our investigation, we have uncovered significant evidence that suggests Donald J. Trump and the Trump Organization falsely and fraudulently valued multiple a*sets and misrepresented those values to financial institutions for economic benefit.”

Although James’ investigation is separate from the criminal investigation, her office has been involved in both, dispatching several lawyers to work side by side with prosecutors from the Manhattan D.A.’s office.

James’ office said that under state law, it can seek ”a broad range of remedies” against companies found to have committed commercial fraud, including revoking licenses to conduct business in the state, seeking the removal of company officers or seeking restitution and “disgorgement of ill-gotten gains.”

In the court papers, James’ office said evidence shows that Trump’s company:

— Listed his Seven Springs estate north of New York City as being worth $291 million, based on a dubious a*sumption that it could reap $161 million from building nine luxury homes.

— Added a “brand premium” of 15% to 30% to the value of some properties because they carried the Trump name, despite financial statements explicitly stating they did not incorporate brand value.

— Inflated the value of a suburban New York golf club by millions of dollars by counting fees for memberships that were not sold or were never paid.

— Valued a Park Avenue condominium tower at $350 million, based on proceeds it could reap from unsold units, even though many of those apartments were likely to sell for less because they were covered by rent stabilization laws.

— Valued an apartment being rented to Ivanka Trump at as high as $25 million, even though she had an option to buy it for $8.5 million.

— Said in documents that its stake in an office building, 40 Wall Street, was worth $525 million to $602 million — two to three times the estimate made by appraisers working for the lender Capital One.

One judge previously sided with James on an earlier request to question another Trump son, Trump Organization executive Eric Trump, who ultimately sat for a deposition but declined to answer some questions.

Last year, the Manhattan district attorney brought tax fraud charges against the Trump Organization and Weisselberg, its longtime chief financial officer.

Weisselberg pleaded not guilty to charges alleging he and the company evaded taxes on fringe benefits paid to executives.

The disclosures about the attorney general’s investigation came the same day as Trump ally Rudy Giuliani and other members of the legal team that sought to overturn the results of the 2020 presidential election were subpoenaed by a House committee investigating the U.S. Capitol insurrection.
+9   



best
worst
44 comments
 

 4 months ago '20        #2
Xiox  topics gone triple plat - Number 1 spot x1
Props total: 58787 58 K  Slaps total: 10813 10 K
But will the feds do him dirty ?
-2   

 4 months ago '21        #3
Swisha2k11  topics gone triple plat - Number 1 spot x3
Props total: 4286 4 K  Slaps total: 1685 1 K
 yola said


Meanwhile, if you're poor and black you'd get 10 for bouncing a cheque at Walmart...


To be white & wealthy in Amerikkka...



+14   

 4 months ago '07        #4
yola  topics gone triple plat - Number 1 spot x79 OP
Props total: 113203 113 K  Slaps total: 15468 15 K
 Swisha2k11 said
Meanwhile, if you're poor and black you'd get 10 for bouncing a cheque at Walmart...
or fu*kin k*lled for sellin cigarettes
+13   

 4 months ago '13        #5
DiegoRivera  topics gone triple plat - Number 1 spot x16
Props total: 74693 74 K  Slaps total: 5725 5 K
Everyone here should read the following threads






EDIT:




Last edited by DiegoRivera; 01-19-2022 at 04:01 PM..
+8   

 4 months ago '17        #6
TROY 
Props total: 16344 16 K  Slaps total: 1138 1 K
 Xiox said
But will the feds do him dirty ?
Lake cocytus will freeze over before that happens…I’ll eat crow if they ever do but he will end up 6 feet deep before he’s in a 6 by 6
+4   

 4 months ago '08        #7
popsjenkins 
Props total: 2390 2 K  Slaps total: 155 155
Ain't sh*t gone happen so why care?
+4   

 4 months ago '16        #8
fam 
Props total: 6442 6 K  Slaps total: 2701 2 K
let this have been joe biden or fauci this thread would be 10 pages
+6   

 4 months ago '17        #9
SPdaGOAT  topics gone triple plat - Number 1 spot x7
Props total: 103976 103 K  Slaps total: 38622 38 K
 popsjenkins said
Ain't sh*t gone happen so why care?
This what these n*ggas live for man lmfao
-1   

 4 months ago '07        #10
yola  topics gone triple plat - Number 1 spot x79 OP
Props total: 113203 113 K  Slaps total: 15468 15 K
 DiegoRivera said
Everyone here should read the following threads






this is crazy, they have at least 10 corroborated testimonies from people who worked for him and so much documented evidence and other testimonies




"fraud bro"


+8   

 4 months ago '16        #11
Boogersugar  topics gone triple plat - Number 1 spot x17
Props total: 98009 98 K  Slaps total: 14185 14 K
Y'all saying that nothing is going to happen are crazy. These are paper crimes. They have all the evidence. They're just cognizant that the burden of proof to convict a former president and members of his family is going to be very high. They're going to nail him to the wall, the only question is when the indictment is handed down. May not be this year but will definitely be before 2024
+13   

 4 months ago '10        #12
SandmanNyC 
Props total: 6041 6 K  Slaps total: 1970 1 K
 Swisha2k11 said
Meanwhile, if you're poor and black you'd get 10 for bouncing a cheque at Walmart...


To be wealthy in Amerikkka...



Fixed for you.

Wealthy is wealthy, does not matter what color you are. You think Obama didn't do any slick sh*t? Jay Z? All these elites got each others back. The only color they care about is the color of money. Its the wealthy man's world, don't matter what color you are. They will divide and conquer.

 4 months ago '05        #13
stanis3k  topics gone triple plat - Number 1 spot x6
Props total: 5760 5 K  Slaps total: 419 419
Civil case, this sh*t ain't going nowhere
-3   

 4 months ago '12        #14
OldBusiness  topics gone triple plat - Number 1 spot x4
Props total: 202238 202 K  Slaps total: 11724 11 K
 Boogersugar said
Y'all saying that nothing is going to happen are crazy. These are paper crimes. They have all the evidence. They're just cognizant that the burden of proof to convict a former president and members of his family is going to be very high. They're going to nail him to the wall, the only question is when the indictment is handed down. May not be this year but will definitely be before 2024

Crazy in the twitter thread above they have this:



Cause Mike Cohen just broke the incident down with the fraud behind the property the tweet is referencing.

Also the hilarious thing is Trumps defense keeps saying shes doing this for attention, yet in her filing she was trying to do it outside of the public eye until they started talking and bringing attention to it:



Last edited by OldBusiness; 01-19-2022 at 01:45 PM..
+4   

 4 months ago '21        #15
Swisha2k11  topics gone triple plat - Number 1 spot x3
Props total: 4286 4 K  Slaps total: 1685 1 K
 SandmanNyC said
Fixed for you.

Wealthy is wealthy, does not matter what color you are. You think Obama didn't do any slick sh*t? Jay Z? All these elites got each others back. The only color they care about is the color of money. Its the wealthy man's world, don't matter what color you are. They will divide and conquer.


Good point...
+2   

 4 months ago '19        #16
Big Gurthy  topics gone triple plat - Number 1 spot x3
Props total: 25011 25 K  Slaps total: 2618 2 K
 SandmanNyC said
Fixed for you.

Wealthy is wealthy, does not matter what color you are. You think Obama didn't do any slick sh*t? Jay Z? All these elites got each others back. The only color they care about is the color of money. Its the wealthy man's world, don't matter what color you are. They will divide and conquer.
Wealthy black ppl are not treated the same as white.
+5   

 4 months ago '16        #17
MadMarlo 
Props total: 22947 22 K  Slaps total: 4734 4 K
They just indicted our DA in Baltimore for not disclosing a few properties she owned, while trying to get a loan for another house in Florida......


Now compare that to what the Trumpies have been doing for years. If his family not in jail by 2024, then I don't know what to tell you lol
+4   

 4 months ago '04        #18
gh3tto 
Props total: 53999 53 K  Slaps total: 14482 14 K
2022 is a terrible year for lying magats and i love it

+2   

 4 months ago '05        #19
Tha TC  topics gone triple plat - Number 1 spot x3
Props total: 36943 36 K  Slaps total: 1797 1 K
Rico incoming
+4   

 4 months ago '04        #20
gh3tto 
Props total: 53999 53 K  Slaps total: 14482 14 K
 GUCCI C0ND0MS said
"we really got him this time, guys!" thread #908981132312908



i told you your obese cult leader was going to lose everything you retarded bi*ch




+6   

 4 months ago '22        #21
BReNDon 
Props total: 7580 7 K  Slaps total: 1534 1 K
Ain't he a billionaire
+2   

 4 months ago '04        #22
ILLUSHUN 
Props total: 4018 4 K  Slaps total: 396 396
 Xiox said
But will the feds do him dirty ?
That’s what I’m wondering.. you know this n*gga gonna squeal on both sides of this hits the fan
+1   

 4 months ago '04        #23
LordBlanco|M  topics gone triple plat - Number 1 spot x2
Props total: 61388 61 K  Slaps total: 4771 4 K
Scumbags doing scumbag things… Shocker
+3   

 4 months ago '04        #24
NAKHI ALLAH 
Props total: 54868 54 K  Slaps total: 3987 3 K
 Boogersugar said
Y'all saying that nothing is going to happen are crazy. These are paper crimes. They have all the evidence. They're just cognizant that the burden of proof to convict a former president and members of his family is going to be very high. They're going to nail him to the wall, the only question is when the indictment is handed down. May not be this year but will definitely be before 2024
Yeah I think trying to make sure when they get him they got him . Making sure all their ducks are in a row
+2   

 4 months ago '14        #25
Cuttysark 
Props total: 47497 47 K  Slaps total: 3216 3 K
 Boogersugar said
Y'all saying that nothing is going to happen are crazy. These are paper crimes. They have all the evidence. They're just cognizant that the burden of proof to convict a former president and members of his family is going to be very high. They're going to nail him to the wall, the only question is when the indictment is handed down. May not be this year but will definitely be before 2024
Lettuce pray that this happens asap
+1   



Sign me up
 
 

yesterday...


most viewed right now
+148online now  28
When that liquor kicks in
112 comments
19 hours ago
@wild'ish
most viewed right now
+22online now  17
Gervonta Davis is leaving Mayweather Promotions
99 comments
22 hours ago
@sports
most viewed right now
+40online now  15
Video inside New Thor Trailer
100 comments
19 hours ago
@movies
most viewed right now
+30online now  15
"judge i actually enjoyed this gunna video (take it to trial)"-atl prosecutor
159 comments
24 hours ago
@hiphop
back to top
register register Follow BX @ Twitter search BX privacyprivacy