General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsBig DEAL! He fluffed up property values for lenders, & downplayed them for the IRS. Is that WRONG?
Trumps tax inconsistencies look like bank fraud: Ex-prosecutor
https://www.rawstory.com/2019/10/trumps-tax-inconsistencies-look-like-bank-fraud-ex-prosecutor/
Joyce Alene
@JoyceWhiteVance
No surprise that Trumps NY state tax filings are inconsistent with bank loan applications. Perhaps theres an explanation but it looks like either bank fraud or tax fraud & at a minimum, merits further investigation.
Link to tweet
The Velveteen Ocelot
(115,280 posts)beachbumbob
(9,263 posts)Most property owners in this country would take same route
mr_lebowski
(33,643 posts)beachbumbob
(9,263 posts)income is not.
Filing false asset information to any lender is fraud
Filing false income information to any lender is fraud
exboyfil
(17,857 posts)that is different than assessing property value. Actually you probably couldn't get a fair assessment if you lied about the revenues (which I guess is the point). I would think you can't do that. That seems to be at the heart of bank fraud.
beachbumbob
(9,263 posts)I know I never had to reveal anything income related or IRS/State income tax related to the local tax assessor when they established the property assessment for my rental properties.
too many want to jump on the band wagon with trivial matters whe nwe have real crimes committed by trump & company
Bernardo de La Paz
(48,789 posts)...
A dozen real estate professionals told ProPublica they saw no clear explanation for multiple inconsistencies in the documents. The discrepancies are [b versions of fraud, said Nancy Wallace, a professor of finance and real estate at the Haas School of Business at the University of California-Berkeley. This kind of stuff is not OK.
https://www.democraticunderground.com/10142382006
beachbumbob
(9,263 posts)if the books are fake, then all sorts of crimes have been committed. I know no lender that takes the "word" over official trail of documents
Bernardo de La Paz
(48,789 posts)Didn't some scion of a prominent Republicon get fingered at DB as closely involved in lending to/through tRump? Kavanaugh? ret Justice Kennedy?
Plus, Cohen may have arranged / paid off an accountant or three.
Dread Pirate Roberts
(1,896 posts)why didn't anyone tell me that sort of thing is frowned upon?
RobinA
(9,878 posts)his confusion could be come by honestly. His Daddy made plenty inflating property values and the like and never did get caught. It's a two generations old tradition for these swindlers.
tblue37
(64,982 posts)Yavin4
(35,357 posts)is working some other angle. Trump's record of bankruptcies show that he cannot be trusted in the least.
Blue Owl
(49,934 posts)n/t
Baked Potato
(7,733 posts)Im sure everyday Americans could use them tactics too!
Javaman
(62,442 posts)TygrBright
(20,733 posts)leftyladyfrommo
(18,816 posts)No problem.
yellowcanine
(35,692 posts)Property assessments are supposed to be done by a neutral third party. At least that is the way it works for us little people when applying for a mortgage on a house.
EleanorR
(2,374 posts)But instead of talking about these crimes, we're untangling yet another heaping pile of trump lies, dotted here and there with russian talking points. Oy.