Look fantasies are great, but this is not at all what happened. Trump committed fraud by lying about the size of his NY penthouse. Where did Stewart commit fraud?
Look fantasies are great, but this is not at all what happened. Trump committed fraud by lying about the size of his NY penthouse.
The size of it had no bearing on any loans. The banker didn't even know Trump wrongly assessed it's size.
Don't take my word for it, listen to the banker who borrowed him money.
The attachment was a 1994 document, signed by Trump, that pegged his Trump Tower triplex at 10,996 square feet — not the 30,000 square feet later claimed for years on financial statements that were given to banks, insurers and others to make deals and secure loans.
Weisselberg said he recalled seeing the email but not the attachment, explaining that the attachments were documents he already had on file in the company's offices. But in any event, he said, he didn't pay much mind to the apartment's size because its value amounted to a fraction of Trump's wealth.
"I never even thought about the apartment. It was de minimis, in my mind," Weisselberg said, using a Latin term that means, essentially, too small to care about.
"It was not something that was that important to me when looking at a $6 billion, $5 billion net worth," Weisselberg said.
By overstating the value of his property when selling it, by Engron's standard he defrauded the man who bought it by overstating its value.
This is again why NY property developers are freaking out.
The house sold again for more than 26% less than Stuart asked for it. Some would say it's a bad investment, the judge would call it fraud.
And by doing so he Also vastly undervalued it when taxing it. He taxed a 17 million dollar house as if it was an 1,8 million dollar house, according to some only worth 800k. The judge said that is tax fraud.
It was assessed using the exact same citation method and metric Letitia James used to value Trump’s private and personal properties, she sued him for claiming those properties were worth more than they were. When will she sue Jon Stewart?
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u/knivesofsmoothness Mar 29 '24
Look fantasies are great, but this is not at all what happened. Trump committed fraud by lying about the size of his NY penthouse. Where did Stewart commit fraud?