CDFingers wrote: Mon Apr 01, 2019 10:36 am
According to new documents and reports, Donald Trump has apparently (allegedly) been committing financial fraud for years by lying to lenders about his assets. This is 100% illegal, and if it actually happened, these would easily be impeachable and prosecutable offenses that could end Trump’s presidency. And since he’s so secretive about his financial status, Democrats in the House are now working with the banks who leant him the money to find out what’s really happening. Ring of Fire’s Farron Cousins explains what’s going on.
https://trofire.com/2019/03/31/trump-ha ... for-years/
This is sort of like watching a slow motion game of Battle ship, and we know there are only a few un hit squares left. Must suck to be those people in the inner circle who see the incoming rounds 18 miles out...
CDFingers
From the WaPo article it quotes.
When Donald Trump wanted to make a good impression — on a lender, a business partner, or a journalist — he sometimes sent them official-looking documents called “Statements of Financial Condition.” These documents sometimes ran up to 20 pages. They were full of numbers, laying out Trump’s properties, debts and multibillion-dollar net worth. But, for someone trying to get a true picture of Trump’s net worth, the documents were deeply flawed. Some simply omitted properties that carried big debts. Some assets were overvalued. And some key numbers were wrong.
For instance, Trump’s financial statement for 2011 said he had 55 home lots to sell at his golf course in Southern California. Those lots would sell for $3 million or more, the statement said. But Trump had only 31 lots zoned and ready for sale at the course, according to city records. He claimed credit for 24 lots — and at least $72 million in future revenue — he didn’t have. He also claimed his Virginia vineyard had 2,000 acres, when it really has about 1,200. He said Trump Tower has 68 stories. It has 58.
Now all eyes are on NY State Atty Gen Trish James.
New York Attorney General Letitia (Trish) James promised after she was elected in November that she would “use every area of the law” to investigate President Donald Trump. She won in a landslide, primarily because the theme of her campaign was “Get Trump.” And now she has started to make moves that will ultimately result in criminal charges against the president, his family and his business associates. And, according to NBC News, James may also be planning to completely destroy Trump’s business, the Trump Organization, which she has the power to do under New York law.
New York’s statutes give the attorney general’s office the power to dissolve entire business entities in some situations. It has done this in the past, and the Trump Organization may qualify for this special treatment due to its unique history, and its alleged criminal activities.
This could lead James to the conclusion that dissolving Trump’s entire business operation is legally warranted.
Just a few weeks ago James issued subpoenas to several banks where Trump had borrowed large amounts of money. She is seeking more information about Trump’s business and personal finances. James can subpoena witnesses and documents without first receiving a referral from the governor or a state agency, which gives her almost unlimited power.
If a business is found to have engaged in “persistent fraud” a 1921 New York law allows the attorney general to initially seek restitution and damages, and ultimately dissolution. The law applies to any financial transaction conducted in the state of New York.
In the past it has been used to pursue securities fraud and other white-collar crimes. Usually these are handled by federal prosecutors, but not in New York. What’s unique (and very dangerous for Donald Trump) is that New York’s attorney general holds the “power to pass a judgment of corporate death.” According to the state Supreme Court, James could do this to Trump if his company’s crimes are deemed a “harm or menace to the public welfare.” James is actually carrying on investigations that began with her predecessors in the attorney general’s office. It’s not 100% clear what crimes James’ office is currently investigating, but it appears that bank fraud, wire fraud, tax fraud and money laundering may be included in her probe.
She started looking at Trump’s banking relationships after his former attorney Michael Cohen told Congress last month that the president had inflated the value of his assets in financial statements he submitted in loan applications. According to this morning’s report from NBC News, James’ investigation into Trump and his business has been moving very quickly in recent weeks. They may already have evidence that Trump had consistently defrauded financial institutions, along with their investors and customers. Former federal prosecutors say that proving fraud is extremely easy, so long as the prosecutors have the documents which show that Trump misled banks about his assets.
Donald Trump, his children, and his business may soon be indicted for their criminal activities, and there is nothing that Donald Trump can do about it.
https://www.politicususa.com/2019/04/01 ... iness.html
"Everyone is entitled to their own opinion, but not their own facts." - Daniel Patrick Moynihan