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#1972248 09/22/22 08:41 AM
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#GMSTRONG

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Trump Loses It Over New York Lawsuit, Calls Letitia James ‘Racist’

It didn't take long for the former president to take to Truth Social to rant about getting sued by the state of New York for civil fraud

Former President Donald Trump responded to a new lawsuit brought by New York Attorney General Letitia James on Wednesday by calling James a “racist” and alleging the lawsuit was a “witch hunt.”

“I never thought this case would be brought — until I saw her really bad poll numbers,” Trump wrote on Truth Social, “She is a fraud who campaigned on a ‘get Trump’ platform.”

In a separate post, the former president bizarrely called James “peekaboo,” noting that she is “a total crime fighting disaster in New York.”



Later in the afternoon, Trump once again referred to James as “Peekaboo,” and repeated reporting from the New York Times that real estate fraud cases are difficult to prove.

Wednesday’s Truth Social post wasn’t the first time Trump has called James, who is Black, a racist. He wrote in April, for example, that she was “racist and highly partisan” after a subway shooting in New York.

James’ suit, brought against Trump and three of his children — Ivanka, Don Jr., and Eric — alleges “numerous acts of fraud and misrepresentations” while seeking $250 million and a ban on Trump and his family from running a business in the state. It also seeks to prevent the members of the Trump family named in the suit from serving as officers in New York-based companies.

Trump’s children weren’t happy, either.

“Letitia James is not working for the Attorney Generals office — she is working for the DNC,” Eric Trump, Executive Vice President of the Trump Organization, wrote in a tweet.

His brother and Trump Organization Executive Vice President Donald Trump Jr. added that “the [censored] Dem witch-hunt continues!”

Trump lawyer Alina Habba, who recently settled a lawsuit from a former employee that in part alleged Habba had referred to James as a “the black bitch” said in a Wednesday statement that “today’s filing is neither focused on the facts nor the law … rather, it is solely focused on advancing the attorney general’s political agenda.”

In her Wednesday announcement of the case, James listed some of the evidence against the family, including more than 200 instances of false asset valuations made by the organization over the span of a decade. “Trump and the Trump Organization repeatedly and persistently manipulated the value of assets to induce banks to lend money to the [them] on more favorable terms,” James said in announcing the suit, pointing out that the organization also deflated their asset value when it came to paying taxes.

In an August deposition given to James, the former president pleaded his Fifth Amendment right to remain silent more than 400 times, He is, however, expected to appear in an exclusive interview with Fox News’s Sean Hannity Wednesday night to give his live reaction to the lawsuit.

https://www.rollingstone.com/politi...PoX6FN-ilPRz5rjfTcgKue8SBVK-mpV3wmP8bhkA

Yet another tantrum and meltdown blaming others for his own deeds. Who's the #snowflake again?


Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.

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It is hysterical that rich fat white guy is calling a black woman AG a racist. Oh the irony

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Yeah, the same man who said this...... “Oh, look at my African-American over here. Look at him,” Trump said. “Are you the greatest?”


Intoducing for The Cleveland Browns, Quarterback Deshawn "The Predator" Watson. He will also be the one to choose your next head coach.

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Originally Posted by bonefish
It is hysterical that rich fat white RACIST guy is calling a black woman AG a racist. Oh the irony

Fixed it for you.



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Thanks.

Because trump and daddy were sued for racial discrimination on NY rental properties.

A devout racist calling a black woman AG a racists pure gold jerry.

Like alex jones and follower SB calling Sandy Hook's parents part of the deep state and Sandy Hook was hoax.

It will be a great day when justice is served.

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I don't know how it works in NY, but around here, banks do their own research as far as value, be that property, or whatever. For property, they even hire a second party to value the property.

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Drip, drip, drip.


“The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.” Thomas Jefferson

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Originally Posted by archbolddawg
I don't know how it works in NY, but around here, banks do their own research as far as value, be that property, or whatever. For property, they even hire a second party to value the property.


But then he turns around and reports a tax value of about 10% to the IRS
That then becomes tax fraud

Last edited by Jester; 09/22/22 09:31 PM.

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It's fraud when he lies on loan forms.


Your feelings and opinions do not add up to facts.
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Originally Posted by archbolddawg
I don't know how it works in NY, but around here, banks do their own research as far as value, be that property, or whatever. For property, they even hire a second party to value the property.

True,,, For regular folks like you and me. But for the wealthy they do not. Bottom line, he lied about the worth of his various properties... I mean, to lie about the size of his own apartment? Geez.. I guess if he said it was 30,000 SF and it turned out to be 29500 SF,, no biggie.. But he said it was 30,000 SF and it's less than 11,000.

The guy is a criminal.. His entire family is criminal family.... I would not be surprised if at some point a RICO case could be filed. My guess is that if they started an investigation into Kushner, they'd find him to be a criminal as well. (after all, they put Jared's father in jail for years for some of the same stuff.


#GMSTRONG

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Originally Posted by archbolddawg
I don't know how it works in NY, but around here, banks do their own research as far as value, be that property, or whatever. For property, they even hire a second party to value the property.

Could you please explain what that has to do with submitting fraudulent forms? Could you explain how telling the government you have a 10k sq. ft. apartment worth much less then reporting that same apartment is 30k sq. ft. and worth several times as much on a loan application is okay whether or not somebody checks it out?


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The New York Times

Trump Is Battling a New York Law Used to Take on Corporate Giants
Sat, September 24, 2022, 10:15 AM·5 min read

For decades, the New York attorney general’s office has relied on a little known but powerful law to take on what it sees as the most egregious corporate malefactors, including oil producers, big banks, tobacco companies and Martin Shkreli. Now this dubious club has a new member: Donald Trump.

The attorney general, Letitia James, sued the former president, his family business and three of his children Wednesday, accusing them of lying to lenders and insurers by fraudulently and extravagantly overvaluing his assets — to the tune of billions of dollars.

Like thousands of earlier actions by the attorney general’s office — including those against oil giant Exxon Mobil, global bank UBS, tobacco company Juul, and Shkreli and his former pharmaceutical company — James’ lawsuit against the Trumps hinges on a muscular law that provides her office with an upper hand when investigating and punishing corporate wrongdoing.

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The law, enacted nearly 70 years ago when Jacob K. Javits was New York’s attorney general, has become a mainstay of the office. It has been central to a wide range of recent civil actions that have reaped hundreds of millions of dollars in settlements.

James’ lawsuit is not Trump’s first run-in with this particular statute; her predecessors employed it in legal actions against his for-profit education venture, Trump University, and his family charity, the Trump Foundation, both of which paid millions of dollars to resolve the cases. (The foundation was also dissolved).

Trump has denied all wrongdoing in the latest case and accused James, a Democrat running for reelection, of carrying out a politically motivated “witch hunt.” Trump’s claim that the inquiry was driven by politics was the subject of a countersuit that was thrown out by two judges this year.

The statute, known as Executive Law 63 (12), sounds more like an arcane ordinance than a powerful cudgel against corporate malfeasance. And yet, it provides the attorney general with an unusually broad legal arsenal to investigate businesses and people involved in “persistent fraud or illegality.”

At a news conference Wednesday announcing the case against Trump and his family business, James noted that the law “gives the attorney general broad and special powers.”

“It is a very powerful statute,” said David Nachman, who brought a number of cases that cited the law during his 10 years at the attorney general’s office, including a sprawling suit against the opioid companies. Nachman is now a visiting lecturer at Yale Law School.

The power, he said, stems largely from a relatively low bar to proving fraud. In these cases, the attorney general’s office does not have to show that defendants intended to defraud anyone or that their actions resulted in any financial loss. It can make a case based solely on significant misrepresentations or deceptive practices.

The law also provides for defendants to disgorge their ill-gotten gains, giving the attorney general considerable leverage in potential settlement negotiations before a case goes to trial. The lawsuit against Trump seeks the $250 million that it contends he reaped through his deceptions, and asks a judge to essentially run him out of business in the state.

And the statute affords the attorney general’s office — the only agency empowered to bring cases under the law — substantial authority to investigate companies before suing them. While plaintiffs in a typical civil dispute cannot collect documents or conduct interviews until after filing a lawsuit, “63 12” empowers the attorney general to issue subpoenas, conduct depositions and do other digging upfront, before deciding whether to sue.

With Trump, James questioned him under oath, but he refused to answer her questions, invoking his Fifth Amendment right against self-incrimination, a fact highlighted in her lawsuit against him.

“The conduct alleged in this case is tailor-made for the statute,” said Harlan Levy, who served as chief deputy attorney general from 2011 to 2015.

Most of those accused under this law choose to settle, but at trial, it has had mixed results in recent years.

In 2019, following years of bitter litigation and a 12-day civil trial, a Manhattan judge ruled in favor of Exxon, finding that the attorney general’s office had failed to prove that the oil giant had committed fraud in the company’s public representations about climate change. The complaint — which the judge called “hyperbolic” in his ruling — was filed in 2018 by James’ predecessor, Barbara D. Underwood.

Exxon in turn sued the state in federal court, in part on the grounds that the investigation was politically motivated. The court tossed out the case, and a higher court dismissed the appeal earlier this year.

Exxon is not unique in leveling claims of political motivations — a common accusation in politically sensitive cases brought by the attorney general’s office, not just those involving “63 12.”

In 2005, then-Attorney General Eliot Spitzer used the law to sue insurance giant American International Group and its leader, Maurice R. Greenberg, who in turn accused Spitzer of leveraging the case to bolster his political career.

Trump had also attacked James’ predecessors when they came after him using “63 12.” In 2013, then-Attorney General Eric Schneiderman filed a lawsuit against Trump University, the for-profit education venture, calling it a yearslong “bait-and-switch” operation. Trump’s legal team called the investigation “politically motivated” and a “tremendous waste of taxpayers’ money.”

After fighting the case for years, Trump resolved the matter in 2016 with a $25 million settlement.

Echoing Trump’s objections, the Trump Organization said in response to James’ case this week that her action was the product of “politics, pure and simple.”

Trump sued James in federal court late last year seeking to block her investigation, citing critical statements she made about the then-president during her first campaign for attorney general.

For her part, James noted at the news conference Wednesday that the courts had rejected Trump’s claims, clearing the way for her lawsuit accusing Trump of lying about the value of his properties to secure favorable loan terms and insurance premiums.

Her lawsuit, she said, “demonstrates that Donald Trump falsely inflated his net worth by billions of dollars to unjustly enrich himself and to cheat the system, thereby cheating all of us.”


https://www.yahoo.com/news/trump-battling-york-law-used-141553415.html


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I could, but you, in your blind hate, wouldn't understand.

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The biggest leverage that Trump has is James own words that she would go after him.

But yeah, Trump has been doing this for a while. The amount of overstatement would be problematic to a bank or any lender that did due diligence on a loan application.

The more realist issue is the understatement for property taxes. That would more likely be a more real relevant issue, and possibly tax evasion depending on the circumstance.

But it is rare for a charge for fraud to be made when there is no default on a loan involved.

I am just trying to provide a realistic assessment.


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And you were pretty realistic. You can't walk into a bank and say "here's what X is worth, and I'll put it up as collateral." The bank will do their own investigation on the value.

And on your point - when the loans are repaid, in full. it's tough to prove the banks lost money. They voluntarily lent the money. They got repaid.

Also, why is the state suing on behalf of the banks? Banks have lawyers also. I find it odd the criminal charges have not gone forward, just the civil charges.

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Originally Posted by archbolddawg
I could, but you, in your blind hate, wouldn't understand.

Actually, I don't think you can..


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Originally Posted by archbolddawg
I could, but you, in your blind hate, wouldn't understand.

So a big, fat nothing burger. I get it.


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