News NY AG sues Trump and Trump Org for Financial Fraud (Update: Fraud verdict with $454M judgment)) (1 Viewer)

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    Gaetz is flailing, same loosely organized arguments - I think Biggs was the only other speech in favor of the motion.
     
    Oh I can't wait when they auction off his properties. We will see definitively his worth ignoring his unknown debt status.

    Oh and whoever did this pic is doing the Lord's work.
    1696389122691.png
     
    Oh I can't wait when they auction off his properties. We will see definitively his worth ignoring his unknown debt status.

    Oh and whoever did this pic is doing the Lord's work.
    1696389122691.png
    man the three stooges should sue them. for stealing their look.
     
    So, lost in the arcane accounting talk is this part of the story. I don’t have much accounting knowledge, but by reading the entire thread I think what they are describing is that the “loans” being discussed are not actually loans, they are “pass-through” money laundering from Russian oligarchs. This was a division of Deutsch Bank, not the actual bank, but a trust, that gave Trump the money. That’s why they didn’t care if he was inflating assets - it didn’t matter to them. They needed to convert rubles to dollars tax free. If this is true, Trump has been owned by the Russian mob for decades, probably.

    I would appreciate if anyone with financial knowledge can look at the entire thread linked below and see if I am reading it correctly.

     
    The point was made this morning on TV that there are some real issues for Trump in this case:

    1. He doesn’t have $250M cash to pay - so he will undoubtedly lose some assets and he knows this.
    2. This hits him hard where it matters - his prestige and his money.
    3. These other indictments and crimes don’t seem real to him, but this does.
    4. Most of his actual assets lie in the state of NY, so if he is barred from doing business there he will lose his Wall Street property, Trump Tower, and several other Manhattan buildings.

    He’s scared and he‘s furious. Especially because the AG is a black woman. That just rubs salt in the wound in his mind.
     

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