Bad Bob Loc: Virginia

https://www.yahoo.com/news/yorks-attorney-general-wants-trump-145730266.html

nwtk2007 Loc: Texas

Tish: Mr Trump, did your organization commit fraud?

Trump: Most certainly.

Tish: Was it rampant fraud?

Trump: Most definitely!!

Tish: Was it EEEEVIL fraud??

Trump: Is there any other kind?????

Tish: Mr Trump, do lie often?

Trump: Why yes, I do!

Tish: Are you lying right now?

Trump: But of course, Ms Tish, of course!!!

Wonttakeitanymore

More crap from lefty zombies!

Wonttakeitanymore

Brandan are unelected president? Did u c***t ? Do you even remember where ur ur is? I don’t lie!!!

JW

I was a licensed realtor for a short time. I learned one important fact immediately. The value of a piece of real property is determined by the buyer. An owner can claim any value desired. The county determines the tax value irrespective of any claim of the owner. The bank determines the loan value irrespective of the owner's desires/claims. The buyer's wallet determines the actual property value irrespective of all other assessments.

proud republican Loc: RED CALIFORNIA

😁😁😁😁😁😁😁😁👍👍👍👍👍👍👍👍👍

woodguru

What do you know about the legalities of misrepresenting a value to the bank for loan purposes?

It's fraud, there is usually some form of due diligence on loan values, my point here is that the higher values trump represented for loan purposes have a far higher credibility than the far lower stated values that he then used for tax purposes...

So the question is, as you are filling out a tax filing, where does the grossly understated values come from? Obviously they are not only pulled out of his butt, but there is a signature involved that swears the information submitted is true to the best of the tax payer's knowledge, then signed by a certified accountant who also has a duty to verify the values used.

Values in regards to the bank are not wh**ever the real estate holder wants to decide they are, they have to be based on reality, then when your representation goes down by more than 90% because taxes are based on them, you better have a good story, because you have knowingly committed fraud in one place or the other, if not both.

As far as anyone trying to defend trump like there is innocence there, give that one up, it just sounds really stupid to try, trump has been playing the c***t on taxes game all his life. Knowing the man rolls like this why try to defend him?

nwtk2007 Loc: Texas

Trump has hired attorneys for his taxes and anything wrong there, they are responsible for. He would not be held criminally responsible for tax violations.

woodguru

It is what it is, it's called what happens when you are being investigated for fraud, they have the goods on him, now he gets a chance to answer questions before he's indicted, it's how the law works. If he's innocent he has nothing to worry about, if he lies he will be also charged with perjury, if he pleads the fifth they will treat him as guilty. They know the answers to the questions, they just need to know if he knew what he was doing.

woodguru

Depends on what degree of evasion we are talking about. In past cases we saw where trump attorneys and accountants were telling him where they were filing false tax returns. They may be looking at cases like the one that is past the statute of limitations where the attorneys literally made trump sign an acknowledgement.

nwtk2007 Loc: Texas

Never happened. F**e news.

JW

Sorry, it is not fraud. It is the responsibility of the lender to confirm the value of the collateral being offered to secure the loan. The borrower can name any value he likes. If you peruse the following link, you will learn whay constitutes mortgage fraud. https://www.wallstreetmojo.com/mortgage-fraud/ You might note that nothing there involves the stated mortgagee's valuation of a property.

As for tax value of a piece of property, that is always determined by the tax man, not the taxpayer. https://www.investopedia.com/articles/tax/09/calculate-property-tax.asp Once again, it is the tax assessor who determines the value for tax purposes. It makes no difference what value the owner declares. The value of a golf facility, for example, could be 100 million dollars as a golf facility but as a piece of real property it is one clubhouse and several acres of open ground, maybe valued at a few thousand dollars, depending mostly on its location.

I have written a great deal of loan/lease software. Believe me, I know the rules!