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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDeutsche Bank gave me a $290 million loan against a property that I told the IRS was worth less than
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Donald J. Drumpf
@RealDonalDrumpf
#HowYouKnowItsNotFair Deutsche Bank gave me a $290 million loan against a property that I told the IRS was worth less than $20 million.
Indykatie
(3,695 posts)People are sent to prison everyday for lying on bank applications. It's not a sexy crime but it's an easy to understand crime with cut and dry evidence.
spanone
(135,816 posts)that's called tax fraud, mr former guy.
Danascot
(4,690 posts)they send in a team of proctologists. How does any bank loan hundreds of millions on the say so of a failed 'businessman'?
spanone
(135,816 posts)sarcasmo
(23,968 posts)Turbineguy
(37,313 posts)carefully.
Yavin4
(35,432 posts)The customer was Putin.
DanieRains
(4,619 posts)And look and the return he got.
Rural_Progressive
(1,105 posts)second term was going to be the big payoff, Pooty poot not really happy about how it ended up playing out.
Midnight Writer
(21,738 posts)It will be just another Trump scandal, outraging the Left and leaving the Right yawning.
soothsayer
(38,601 posts)Mr.Bill
(24,274 posts)soothsayer
(38,601 posts)That empty building? Shoot now I gotta look.
Mr.Bill
(24,274 posts)in San Francisco's financial district. The other partners just took out a loan on it. I'm sure Trump's share was mortgaged a long time ago. Probably for far more that it was worth. Trump's whole world revolves aroung having no equity in anything. Everything is hocked.
soothsayer
(38,601 posts)soothsayer
(38,601 posts)Donald J. Trump
9:31pm May 19, 2021
A loan of $1.2 billion has closed on the asset known as the Bank of America Building (555 California Street) in San Francisco, CA. The interest rate is approximately 2%. Thank you!
GB_RN
(2,347 posts)Can't "settle" like a civil case. He might be able to cut a plea bargain - if his massive ego lets him, and the prosecutors are willing to cut one - but it's gotta get to that point first. Personally, I don't think that Letitia James/Cy Vance are gonna want to let him off that easy, if they've got the goods on him. They're gonna use RICO on his underlings and squeeze them like sponges for all they know and have them roll on "the boss", then go after Agent Orange.
paleotn
(17,911 posts)Yavin4
(35,432 posts)Ilsa
(61,692 posts)Deutsche Bank could use as collateral, thinking part of the loan will be unsecured?
I bet he lied on his application.
Chainfire
(17,526 posts)because you aren't seeing the whole story. There may have been very good reasons why the bank was willing to transfer more money than a property was worth. Perhaps it was not the bank's money to begin with.... There are very crooked bankers like there are very crooked presidents and very crooked Supreme Rulers. Perhaps Trump was being paid, under the table for services rendered.
rickford66
(5,523 posts)Grooming him for money laundering and political advantage.
wiggs
(7,811 posts)LetMyPeopleVote
(145,086 posts)keithbvadu2
(36,747 posts)The fickle nature of real estate valuations?
of course
paleotn
(17,911 posts)Hamlette
(15,411 posts)To get the conservation easement he had to state he could develop it but won't. Problem is, he did not have authority to develop the property and he had been fighting in court to be allowed to develop for years.
thesquanderer
(11,982 posts)The IRS cares what you buy someting for, and what you sell it for. It doesn't care what it's worth in the years in between. They don't ask, and it's not part of any tax reporting. What am I missing? I suspect this is a phoney meme.
soothsayer
(38,601 posts)BobTheSubgenius
(11,562 posts)in whatever jurisdiction) and IRS income tax. The only reason for low-balling to the IRS would be to lower your capital gain...but whatever value you happen to put on it means nothing. The price that the purchaser pays is what determines capital gain, less cost basis, and it would take some fancy footwork to disappear a pile of money that big, or some pretty major collusion with buyer, banker, agent, or any combination thereof.
The crimes start getting worse when you're in that territory.
sarcasmo
(23,968 posts)Kid Berwyn
(14,863 posts)Dumpy KNOWS hes a con.