Bingo: Trump Admits Intent to “Induce Lending” With Financial Statements
Bingo: Trump Admits Intent to “Induce Lending” With Financial Statements
This is the very crux of the New York attorney general’s case against the Trump Organization.
Donald Trump got caught red-handed during his $250 million New York bank fraud trial on Monday when lawyers for the New York attorney general’s office revealed Trump had long ago signed financial documents with the clear intent that they would be used to curry favor with banks.
After being shown a loan agreement he had signed with Deutsche Bank in 2012, Trump agreed that his faulty financial statements were intended to induce banks to lend money.
While it might not sound like much, the admission is key to the New York attorney general’s case, which hopes to prove that Trump deceived banks and insurers by massively overvaluing his net worth. Trump essentially admitted on the stand that these financial documents were produced with the express intent to induce lending. The Trump Organization was likely able to secure loans at far lower interest rates due to all the overinflated valuations.
I don't think anyone in this community is going to argue that Trump didn't break the law, egregiously and many many times. What everyone doubts is that there will be any real consequences for the wealthy elite, especially this one.
132"They let him get away with anything."
"Ok he's under investigation but they'll let him slide."
"Ok, he's been charged, but they'll never convict him."
The Trump organization is already criminally convicted of fraud and Weiselberg already spent time at Rikers Island.
Trump has already been found liable for rape and defamation, and another case for that act is going to add to his millions in damages that he will have to pay.
His business in New York is already a dead man walking. He's going to have to liquidate nearly everything to pay off the damages that the Judge will decide from this trial in December, if not earlier, depending on witnesses the defense calls.
There are likely going to be criminal fraud charges brought for the same actions and intent being uncovered in this case.
In March, the Federal criminal case begins for election interference and obstruction. Those charges will put him in prison before the '24 election. After that, Fulton Co. GA and Federal docs case will go forward and he will get more convictions and more time.
We all want the wheels of justice to turn faster on blatant fucks like this, but that's not how the system works.
Trump is going to die in prison if he doesn't off himself first.
76I'm really hoping that it all turns out that way and he does die in prison, a broken, pathetic man, but suppose those cases get delayed just enough, through blatant fuckery by Trump & his lawyers to put it past the election, and then suppose Trump still wins? I wish it wasn't so, but that he's still somehow neck & neck with Biden in the polls is astounding, in a sane world it wouldn't even be this close. What kind of chaos does the US Government get thrown into when a President-Elect is getting charged with multiple felonies and facing jail time? Or suppose Trump does go to jail and still runs for President (this has happened before) and actually wins? How does the system cope with that without just letting Trump out of prison? Or suppose something happens to Biden and the Democrats really don't have any viable replacement?
I went into the 2016 election thinking, "There's no chance in hell he gets elected," and yet, he still won. We can't really trust our fellow Americans to make the right choice anymore. That millions of people are still ready to vote for Trump despite all the available evidence really doesn't bode well for the country, even if Biden still wins in 2024.
10Trump is going to die in prison if he doesn't off himself first.
Don't give me hope like that man
8I appreciate your certainty and optimism, but at the end of the day it's going to come down to the jurors. I don't have any faith that a mostly random group of 12 people isn't going to have at least 1 MAGAt. Just look at the grand jury votes to indict. They weren't unanimous, because there were people that refused to believe Trump and Co could do wrong.
7Trump is going to die in prison if he doesn't off himself first.
Or he will flee to Russia, a magical land where Enemies of the State™ tend to fall out of windows.
The thing that I wonder about is this: trump will eventually die. Either in prison, or from having too many hamburgers, or from a sudden momentum transfer into concrete. When that happens, then what? Nobody likes his coked out children, and none of the other GQP hopefuls are as popular.
6Jail...for Donnie Two-Scoops?
Nah, it'll be more fines and bullshit.
You can tell by the way the courts just let him continue to FUCKING THREATEN court staff.
This is a great dream you have there, but let's not pretend it'll happen in the world we live in.
4
The minimum that will happen here is the $250 million fine. That's because he's already been found guilty of the top count. The current trial is to determine if he's guilty of the other counts, and how much more Trump will be fined. He could also lose his ability to operate any of his businesses in NYS (this may have already happened, I can't remember.)
This is also a bench trial, since his attorneys forgot to ask for a jury trial. That means the judge will decide if he's guilty of the further counts, and what the punishments will be. The same judge that he's been screaming at from the stand, threatening on social media, and whose staffers trump has also been threatening and doxxing.
24There will be none. There will be a fine sure but there will be a banking institution somewhere that will loan him the money and he will just set up shop somewhere else and continue as he has always done.
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"Bingo:"
Telltale sign this is a shitty article.
21
4J'rackpot!
1
I’m just imagining the judge being like “Bingo!” and getting a bingo card out of a drawer looking at it confused, Frank Drebin style.
2
He's already been found guilty. The court is now just trying to show how much he needs to pay in damages.
13Which is unfortunate that the only outcome of this trial will be him paying damages (that he’ll never voluntarily pay).
3This isn't the only trial, and others aren't civil trials.
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