End of Trump Era?

[JonC]

The End of Trump Inc.

In a business sense?

I was actually surprised at his defense. I thought this was just a "witch hunt", and still think it could be political.

But apparently it is also legitimate. Trump defended himself by saying the financial statements he used in business had a disclaimer that they shouldn't be relied upon.

Imaging you getting a better interest rate by turning in fraudulent financial information with a disclaimer the information you provided shouldn't be relied upon for a financial decision.

 

[canadyjd]

The End of Trump Inc.

In a business sense?

I was actually surprised at his defense. I thought this was just a "witch hunt", and still think it could be political.

But apparently it is also legitimate. Trump defended himself by saying the financial statements he used in business had a disclaimer that they shouldn't be relied upon.

Imaging you getting a better interest rate by turning in fraudulent financial information with a disclaimer the information you provided shouldn't be relied upon for a financial decision.

Probably not yet. Certain appeals will be filed. They judges decision will be challenged.

Now, if only this DA would look into Cuomo sending elderly Covid patients from hospitals back into nursing homes resulting in 1000’s of deaths.

A matter of priorities, I guess.

peace to you

 

[JonC]

Probably not yet. Certain appeals will be filed. They judges decision will be challenged.

Now, if only this DA would look into Cuomo sending elderly Covid patients from hospitals back into nursing homes resulting in 1000’s of deaths.

A matter of priorities, I guess.

peace to you

Oh ...the priorities are strictly political.

I'm just not sure that Trump's defense will stand on this one. It could be a costly business decision.

 

[canadyjd]

Oh ...the priorities are strictly political.

I'm just not sure that Trump's defense will stand on this one. It could be a costly business decision.

Could be, I’m not an expert in business law. I’d be very surprised if DT made any decisions w/o advice from his attorneys.

This case is civil. I don’t think he runs the organization any more anyway. Just another attempt to smear him in an election cycle.

peace to you

 

[JonC]

Could be, I’m not an expert in business law. I’d be very surprised if DT made any decisions w/o advice from his attorneys.

This case is civil. I don’t think he runs the organization any more anyway. Just another attempt to smear him in an election cycle.

peace to you

I agree in terms of this being political.

I am not sure that it will have no affect to Trump's business interests (which is why I was asking).

Yes, I agree it's a civil case.

I was thinking strictly of the "Trump brand".

 

[JonC]

The issue I can see with Trump's disclaimer and the judge canceling Trump's business certificates is that this was a civil case.

I can see his disclaimer protecting him from criminal fraud. I can also see a civil case determining Trump owes damages (at least charged with an amount approximating what he would have had to have paid if the financial statements were correct).

For example, if I guessed that my home was 3,300 ft2, noted that this has not been truly evaluated to standard, and received a loan and interest rate for the value of that sized home....but in fact my home is 2,914 ft2, then I could see having to pay an amount to compensate for the difference. But I can't see it being criminal fraud.

The difference is that with Trump it would be more like me saying I had a 5,000 ft2 home when in fact it was 1200 ft2. And on multiple high value properties.

So I'm not sure that it isn't criminal fraud as well. Not saying either way ...simply not sure (I will say I'd expect a real estate business man to know when a property was overly exaggerated).

 

[canadyjd]

The issue I can see with Trump's disclaimer and the judge canceling Trump's business certificates is that this was a civil case.

I can see his disclaimer protecting him from criminal fraud. I can also see a civil case determining Trump owes damages (at least charged with an amount approximating what he would have had to have paid if the financial statements were correct).

Like I said, not an expert in business law. Whatever he did wasn’t without attorney counsel.

His “brand” appears just fine. How many millions did he raise when he put his mug shot in a coffee cup?

He will be just fine.

peace to you

 

[JonC]

Like I said, not an expert in business law. Whatever he did wasn’t without attorney counsel.

His “brand” appears just fine. How many millions did he raise when he put his mug shot in a coffee cup?

He will be just fine.

peace to you

Yes, both sides here have legal counsel. I realize that. I would expect his legal counselors to encounter some problems with this one as well. I mean, adding 10 stories to a NYC high rise, almost doubling land in Virginia....if it were you or me it'd be fraud.

 

[HatedByAll]

Businesses are required to run Audits. Depending on the size of the business and their way of being organized, the rules are more strict for larger businesses. Large publicly traded businesses are required to use an Auditor from a "Big Eight" firm. Note, 'Big Eight" is what they used to be called, I believe some of the firms may have consolidated, so that may be an archaic term.

What I am getting at, whatever auditing firm he used should have been able to present their evidence to a jury. That is the proper way of handling those cases. Not letting a judge make the decision on something other than generally accepted accounting procedures.

 

[canadyjd]

Yes, both sides here have legal counsel. I realize that. I would expect his legal counselors to encounter some problems with this one as well. I mean, adding 10 stories to a NYC high rise, almost doubling land in Virginia....if it were you or me it'd be fraud.

Fraud? If the NY prosecutor thought for a second she could charge DT with criminal fraud, it would have been done.

Let’s not stretch this too far.

peace to you

 

[JonC]

Fraud? If the NY prosecutor thought for a second she could charge DT with criminal fraud, it would have been done.

Let’s not stretch this too far.

peace to you

I'm saying that if you and ai were to do it on a simple credit application it is fraud.

I get that there are different rules for different settings and classes of people.

 

[JonC]

Businesses are required to run Audits. Depending on the size of the business and their way of being organized, the rules are more strict for larger businesses. Large publicly traded businesses are required to use an Auditor from a "Big Eight" firm. Note, 'Big Eight" is what they used to be called, I believe some of the firms may have consolidated, so that may be an archaic term.

What I am getting at, whatever auditing firm he used should have been able to present their evidence to a jury. That is the proper way of handling those cases. Not letting a judge make the decision on something other than generally accepted accounting procedures.

That was the purpose of the disclaimer - that the financial disclosure did not meet the level of an audit.

That is Trump's defense. The financial disclosures did not meet the criteria to be a basis for a financial decision and this was disclosed.

I would expect this to mean that Trump cannot be criminally prosecuted.

I think they (the Dems) pushed the civil judgment too far.

 

[JonC]

I think it is very obvious that the Democrats are doing all they can to keep Trump from getting the GOP nomination include criminal and civil charges.

I do not think that Trump deviated from common accepted business practices.

I was simply asking what this would mean for the Trump brand.

@canadyjd answered that Trump would challenge the verdict. I agree.

I was primarily asking about his NYC business. Can he move them to another state? Can he pay the costs levied against him?

Those are things I don't know. So I ask here (where all the experts reside ).

 

[Van]

Why should anyone go against Mr. Trump because of his mistakes or alleged mistakes, rather than His policies to make America great again. All these "against the person" arguments are malicious.

1) Whose polices are better to control inflation?

2) Whose polices are better to defend the Constitution with conservative Supreme Court Justices?

3) Whose polices are better to enforce our borders?

4) Whose polices are better to curtail the rising death rate from drugs?

5) Whose policies are better to establish and ensure energy independence?

6) Whose polices are better to reform our education system now ruled by the Teacher's Union Woke leadership?

7) Whose polices are better to provide jobs with a future and a living wage.

 

[JonC]

Why should anyone go against Mr. Trump because of his mistakes or alleged mistakes, rather than His policies to make America great again. All these "against the person" arguments are malicious.

1) Whose polices are better to control inflation?

2) Whose polices are better to defend the Constitution with conservative Supreme Court Justices?

3) Whose polices are better to enforce our borders?

4) Whose polices are better to curtail the rising death rate from drugs?

5) Whose policies are better to establish and ensure energy independence?

6) Whose polices are better to reform our education system now ruled by the Teacher's Union Woke leadership?

7) Whose polices are better to provide jobs with a future and a living wage.

The reason they go after Trump is that he leads the poll for the GOP nomination.

Right now too many candidates for the nomination hold identical or very similar platforms.


That said, from a logical standpoint, if a crime was committed then it would be wrong to ignore the crime.

I do not believe a crime was committed, and I don't believe most people regardless of political camp believe a crime was committed.

The DNC could have maintained an illusion of integrity if it had been more conservative with its accusations. But as it stands it is obvious they were using the government as a political club in hopes of bettering their chances in the next election.

 

[Van]

The reason they go after Trump is that he leads the poll for the GOP nomination.

Right now too many candidates for the nomination hold identical or very similar platforms.


That said, from a logical standpoint, if a crime was committed then it would be wrong to ignore the crime.

I do not believe a crime was committed, and I don't believe most people regardless of political camp believe a crime was committed.

The DNC could have maintained an illusion of integrity if it had been more conservative with its accusations. But as it stands it is obvious they were using the government as a political club in hopes of bettering their chances in the next election.

It is not logical to give any attention to the endless false charges used by the godless left. They are thugs.

To even consider the other Republican candidates for the top spot on the ticket only encourages the godless left to continue to hurl false charges. Lets stop talking about the false charges, and start taking about the wreck Mr. Biden and his administration and crime family has made of the USA. It is flat out ridiculous for polls to say 30 or 40% of the voters would vote for Mr. Biden's second term. Why are these voters voting to continue the destruction of America? Mind-boggling.

 

[JonC]

It is not logical to give any attention to the endless false charges used by the godless left. They are thugs.

To even consider the other Republican candidates for the top spot on the ticket only encourages the godless left to continue to hurl false charges. Lets stop talking about the false charges, and start taking about the wreck Mr. Biden and his administration and crime family has made of the USA. It is flat out ridiculous for polls to say 30 or 40% of the voters would vote for Mr. Biden's second term. Why are these voters voting to continue the destruction of America? Mind-boggling.

Technically they are not "false charges" in the civil suit. Trump did inflate his worth by quite a bit

Trump did report Mar-a-Lago as being valued between $426.5 million and $613.2 million (it was really between $18 million and $27.6 million).

Trump did report the NYC building as 200% larger than it really is (between $114-$201.7 million more than it would actually be worth).

Trump did inflate the value of Trump Park Avenue (by 700% in 2014 and $60% in 2021).

Trump listed 40 Wall Street as valued at $735.4 million when it was actually valued at $540 million.

Trump did list Seven Springs Estate as valued at $261 million when it was valued at $30 million.


Those are facts. His defense is a disclaimer that his financial statements should not be used for financial decisions.


Now, I agree with you about Biden. But it seems like two camps got their hands caught in the cookie jar and are merely pointing at one another.

 

[Van]

Technically they are not "false charges" in the civil suit. Trump did inflate his worth by quite a bit

Trump did report Mar-a-Lago as being valued between $426.5 million and $613.2 million (it was really between $18 million and $27.6 million).

Trump did report the NYC building as 200% larger than it really is (between $114-$201.7 million more than it would actually be worth).

Trump did inflate the value of Trump Park Avenue (by 700% in 2014 and $60% in 2021).

Trump listed 40 Wall Street as valued at $735.4 million when it was actually valued at $540 million.

Trump did list Seven Springs Estate as valued at $261 million when it was valued at $30 million.


Those are facts. His defense is a disclaimer that his financial statements should not be used for financial decisions.


Now, I agree with you about Biden. But it seems like two camps got their hands caught in the cookie jar and are merely pointing at one another.

Once again, you are stating as facts what the godless left claims.

Why should anyone go against Mr. Trump because of his mistakes or alleged mistakes, rather than His policies to make America great again. All these "against the person" arguments are malicious.

1) Whose polices are better to control inflation?

2) Whose polices are better to defend the Constitution with conservative Supreme Court Justices?

3) Whose polices are better to enforce our borders?

4) Whose polices are better to curtail the rising death rate from drugs?

5) Whose policies are better to establish and ensure energy independence?

6) Whose polices are better to reform our education system now ruled by the Teacher's Union Woke leadership?

7) Whose polices are better to provide jobs with a future and a living wage.

 

[JonC]

Once again, you are stating as facts what the godless left claims.

Why should anyone go against Mr. Trump because of his mistakes or alleged mistakes, rather than His policies to make America great again. All these "against the person" arguments are malicious.

1) Whose polices are better to control inflation?

2) Whose polices are better to defend the Constitution with conservative Supreme Court Justices?

3) Whose polices are better to enforce our borders?

4) Whose polices are better to curtail the rising death rate from drugs?

5) Whose policies are better to establish and ensure energy independence?

6) Whose polices are better to reform our education system now ruled by the Teacher's Union Woke leadership?

7) Whose polices are better to provide jobs with a future and a living wage.

Trump is not the godless left. He isn't even on the left.

Facts are facts. It does not matter that Trump and the Dems agree on those facts. (Trump acknowledged those facts, but held that the disclaimer covered the issue....and I believe, legally, he may be right). I doubt such inflation is really abnormal.

I believe Trump's (and most of the GOP nominees) platform is better than the DNC platform. That is why I voted for him.


But that is not the topic of this thread.

I have noticed that every time something questionable comes up about Trump there is a group that screams "but his platform!".

His platform isn't the topic of this thread.

 

[KenH]

I think it is very obvious that the Democrats are doing all they can to keep Trump from getting the GOP nomination include criminal and civil charges.

Don't the Democrats want Donald Trump to win the GOP nomination? Trump is probably the only one that Joe Biden could possibly defeat in 2024.