Judge orders Trump and companies to pay nearly $355 million in civil fraud trial

[Lacessit]

24 minutes ago, Chomper Higgot said:

No, anyone who’s liabilities are greater than their assets is broke.

 

What you banging on about Obama and Biden for?

It's the look over there strategy.

[Yellowtail]

2 minutes ago, Lacessit said:

It's the look over there strategy.

I know it's tough, but please try to follow along old timer. 

 

 

[Lacessit]

30 minutes ago, Yellowtail said:

 

So, you do not understand the difference between assets and cash? Why does that not surprise me....

 

Everyone knows thy can't try to help Trump or they'll be next. 

 

Again, a proud day for the left. 

Cash is an asset. A liquid one, assets such as property are not because it takes time to liquidate them.

 

AFAIK no accountants, not even Trump's, fail to list cash in the asset column of a balance sheet.

 

https://en.wikipedia.org/wiki/Balance_sheet

 

That's the difference, thanks for demonstrating the depth of your financial expertise.

 

Actually, it's a proud day for the rule of law. However, you are incapable of understanding that either.

Edited February 26 by Lacessit

[Yellowtail]

14 minutes ago, Lacessit said:

Cash is an asset. A liquid one, assets such as property are not because it takes time to liquidate them.

 

AFAIK no accountants, not even Trump's, fail to list cash in the asset column of a balance sheet.

 

That's the difference, thanks for demonstrating the depth of your financial expertise.

 

Actually, it's a proud day for the rule of law. However, you are incapable of understanding that either.

No one said cash was not an asset. Again, please try to follow along. 

[Roo Island]

 

1 hour ago, Yellowtail said:

Why, don't you think it's funny? I know you support and applaud it.

I don't support destroying anyone, unlike Trump. I do support upholding the law. Break it, pay the price.

[Roo Island]

1 hour ago, Yellowtail said:

I'm not big on leftist, Soros funded Attorney Generals that run on "getting" an individual and that then use obscure laws that no one else gets prosecuted for to do it.

 

Why is the bank not being prosecuted for not checking? 

 

I am all for opening every load agreement in the county, and prosecuting every real estate appraiser that overvalued a property and ever loan officer that did not do their due-diligence and approved the loans.

Another conspiracy theory. Boggles my mind as to how anyone would fail for them.

 

Many estate agents and loan officers went to jail or paid fines for the late 2000's real estate crash. Fraud.

Edited February 26 by Roo Island

[Yellowtail]

16 minutes ago, Roo Island said:

 

I don't support destroying anyone, unlike Trump. I do support upholding the law. Break it, pay the price.

Unless you're a Biden or a Clinton, or an illegal alien, then you get a pass. 

[Yellowtail]

15 minutes ago, Roo Island said:

Another conspiracy theory. Boggles my mind as to how anyone would fail for them.

 

Many estate agents and loan officers went to jail or paid fines for the late 2000's real estate crash. Fraud.

Boggles my mind as to how anyone would compare the two. 

 

Did you have any examples? 

[Danderman123]

12 minutes ago, Yellowtail said:

Unless you're a Biden or a Clinton, or an illegal alien, then you get a pass. 

No need to get a pass when you haven't committed a crime.

 

Any "crimes" committed by Joe Biden exist only in your tortured mind, and will disappear the day after Trump loses in November.

[Roo Island]

23 minutes ago, Yellowtail said:

Boggles my mind as to how anyone would compare the two. 

 

Did you have any examples? 

I was involved with it a bit. And know some who got stung. Happens all the time. Do a Google search.

 

https://www.justice.gov/opa/pr/loan-officer-sentenced-54-months-prison-role-mortgage-fraud-scheme-resulted-more-92-million

[Yellowtail]

1 minute ago, Roo Island said:

I was involved with it a bit. And know some who got stung. Happens all the time. Do a Google search.

 

https://www.justice.gov/opa/pr/loan-officer-sentenced-54-months-prison-role-mortgage-fraud-scheme-resulted-more-92-million

That's hilarious. Nothing at all like the Trump case. 

[Lacessit]

51 minutes ago, Yellowtail said:

No one said cash was not an asset. Again, please try to follow along. 

You did. Quote: "So, you do not understand the difference between assets and cash?"

 

Trying to bullsh!t your way out of one of the most stupid posts I've seen for a while is not going to wash with anyone but your fellow Trump acolytes.

[Yellowtail]

2 minutes ago, Lacessit said:

You did. Quote: "So, you do not understand the difference between assets and cash?"

 

Trying to bullsh!t your way out of one of the most stupid posts I've seen for a while is not going to wash with anyone but your fellow Trump acolytes.

 

You are claiming there is no difference between cash and assets?

 

Cash is an asset; assets are not necessarily cash. 

 

Do you see the difference now? 

 

[James Roderick]

On 2/17/2024 at 9:34 AM, Eric Loh said:

With that ruling, we can now officially called Trump a fraudster and a con artist. 

 

What was the fraud exactly and who lost money ??

[Lacessit]

1 minute ago, James Roderick said:

What was the fraud exactly and who lost money ??

Claiming an apartment is three times its actual surface area, to inflate its value, is fraud.

Bank shareholders lost money, as the banks would have charged a higher interest rate on loans advanced to Trump if they had known the true value of the assets.

[scottiejohn]

2 hours ago, Chomper Higgot said:

I’ve said all along, Trump is broke.

Let us hope and pray that what many wish is true!

[Yellowtail]

4 minutes ago, Lacessit said:

Claiming an apartment is three times its actual surface area, to inflate its value, is fraud.

Bank shareholders lost money, as the banks would have charged a higher interest rate on loans advanced to Trump if they had known the true value of the assets.

So, the bank just took his word for it. 

 

I think any banket that take a loan applicant's word for the value of a property is committing fraud as well. 

 

[Lacessit]

14 minutes ago, Yellowtail said:

 

You are claiming there is no difference between cash and assets?

 

Cash is an asset; assets are not necessarily cash. 

 

Do you see the difference now? 

 

I guess I had better throw my bookkeeping diploma in the bin, and start over with your version.

You've been caught out with a dumb mistake, and you're not fooling anyone.

[Lacessit]

2 minutes ago, Yellowtail said:

So, the bank just took his word for it. 

 

I think any banket that take a loan applicant's word for the value of a property is committing fraud as well. 

 

"Banket"? You are adding evidence to the hypothesis you are posting while drunk.

[Danderman123]

8 minutes ago, Yellowtail said:

 

I think any banket that take a loan applicant's word for the value of a property is committing fraud as well. 

 

The banks investigate the contents of a loan application as best they can. But if an applicant commits fraud concerning cash flows, not much a bank can do.

 

That's why asset valuation fraud is a bad thing.

 

When your defense of Trump is reduced to challenging the validity of laws, you are pretty much done.

Edited February 26 by Danderman123

[Danderman123]

28 minutes ago, Yellowtail said:

 

You are claiming there is no difference between cash and assets?

 

Cash is an asset; assets are not necessarily cash. 

 

Do you see the difference now? 

 

Wouldn't it be easier just to say you made a mistake?

 

Or maybe "the Democrats pirated your account and made mistakes to make you look bad".

[frank83628]

5 hours ago, xylophone said:

 

Donald Trump is racing against time to find a half-billion dollar bond

26 Feb 08:22 AM

New York Times: Trump doesn't appear to have enough cash on hand to pay up.

 

trump doesn't look too happy in this pic, poor orange man LOL.......

 

 

and there is another....perfectly fine....

 

[Rimmer]

An unattributed post has been removed

[Danderman123]

2 hours ago, Yellowtail said:

I'm not big on leftist, Soros funded Attorney Generals that run on "getting" an individual and that then use obscure laws that no one else gets prosecuted for to do it.

 

https://justfacts.votesmart.org/candidate/campaign-finance/80307/letitia-james

 

Soros contributed $20,000 to Leticia James. She raised $6 million.

 

 

[scottiejohn]

2 hours ago, Chomper Higgot said:

What you banging on about Obama and Biden for?

Because it has runout, as usual, of a legitimate straight and meaningful answer that is even remotely connected to the question!

Situation normal for it's posts!

[Lacessit]

18 minutes ago, frank83628 said:

and there is another....perfectly fine....

 

You're saying he looks fine in that photo? That's the same vacant look one sees in dementia patients.

[mikebike]

59 minutes ago, James Roderick said:

What was the fraud exactly and who lost money ??

His creditors. As Yellowtail repeatedly says, please follow along 🤣

[frank83628]

11 minutes ago, Lacessit said:

That's the same vacant look one sees in dementia patients.

you would be well versed in that being a Biden supporter and covering for your doddery old man, ..actually, i'm pretty sure there is a thread only the other day that said Biden was too frail to stand trial....but if you disagree, then get him on the stand!!

[mikebike]

46 minutes ago, Yellowtail said:

So, the bank just took his word for it. 

 

I think any banket that take a loan applicant's word for the value of a property is committing fraud as well. 

 

Except that is not how the law works, is it. Tell us when you have reached rock bottom diggin' that hole, eh? 😉

[Lacessit]

Just now, mikebike said:

Except that is not how the law works, is it. Tell us when you have reached rock bottom diggin' that hole, eh? 😉

IMO he will come out somewhere in China.