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Trump’s Civil-Fraud Trial, Explained: What’s at Stake? | WSJ 

The Wall Street Journal
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Donald Trump’s civil-fraud trial is expected to come to a close in a Manhattan court this week. The former president’s reputation as a New Yorker, businessman and socialite is at the center of the trial, where he and his adult children face allegations that they falsified the value of their assets for millions in ill-gotten gains.
WSJ looks at what’s at stake for the GOP presidential candidate, his New York empire and the business-titan persona he’s built over the course of decades.
Chapters:
0:00 Trump’s civil-fraud trial
0:49 Trump’s NYC roots
3:09 Summary judgment and pending penalties
4:39 Consequences for Trump Organization
5:41 What’s next?
News Explainers
Some days the high-speed news cycle can bring more questions than answers. WSJ’s news explainers break down the day's biggest stories into bite-size pieces to help you make sense of the news.
#Trump #Politics #WSJ

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24 май 2024

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Комментарии : 944   
@worldlife9834
@worldlife9834 2 месяца назад
This whole case is nonsense. Citizens have a right to give their opinion on the value of their assets. I don't see a victim because banks can choose to accept or reject applications. Our legal system is a mess to due weaponization of the courts.
@waneframe
@waneframe 2 месяца назад
At least someone has a brain in the coment section.
@josephkanga5533
@josephkanga5533 2 месяца назад
They hate the man so much and they don't care what they do to get him.
@waneframe
@waneframe 2 месяца назад
@@josephkanga5533 At this point it doesn't even make sense as long as they get him. It's shameful.
@josephkanga5533
@josephkanga5533 2 месяца назад
@@waneframe they removed my comment
@waneframe
@waneframe 2 месяца назад
@@josephkanga5533 lol typically! They don't believe in free speech.
@oshanelaird288
@oshanelaird288 4 месяца назад
This could be brought against any Business
@anilu3021
@anilu3021 2 месяца назад
I don’t understand why the city would sue if the properties paid higher taxes on the properties and the banks did not bring suit themselves.
@shawngerard
@shawngerard 4 месяца назад
3:20 I know nothing about this but when someone says "everything was perfect, there was no crime" I'm immediately suspicious 😂
@progidy7
@progidy7 4 месяца назад
Not only was there no crime, but when the judge ruled that there was indeed fraud Trump blamed the accountants. For the... non-crime?
@hardren101
@hardren101 4 месяца назад
Esp when the individual accepts responsibility for NOTHING and makes himself out to be the injured party and then you encounter so many on social media that appear to believe and defend him.
@glpaschall
@glpaschall 4 месяца назад
They are hoping you will know nothing about it.
@gbanks3339
@gbanks3339 4 месяца назад
Your statement really relies on no information whatsoever. You are just like the prosecutor. My entire career is based on commercial real estate and this case is actually the biggest fraud. This video is a worthless bit of information.
@DerekHise
@DerekHise 4 месяца назад
@@gbanks3339If you think fraud wasn’t committed by the misrepresentations in value and lies told to banks, then you suck at your job.
@fnorgen
@fnorgen 4 месяца назад
Sure is nice to see so much completely legitimate, and not not the least bit sketchy financial advice in this comment section. I don't see how throwing all my savings into a bizarre penny stock could possibly backfire if it is recommended by so many living, breathing, independent humans.
@sportingdirector1
@sportingdirector1 4 месяца назад
😂😂😂
@TheResilient5689
@TheResilient5689 4 месяца назад
And they’re totally not troll/bot/spam accounts either! /s
@jeffsimpson1421
@jeffsimpson1421 4 месяца назад
@@TheResilient5689right😂 definitely real people
@JonathanSwift-ox9ci
@JonathanSwift-ox9ci 4 месяца назад
what about Equity and Inclusion ? ? ? @@loganrogers4560
@therealunicornselene
@therealunicornselene 4 месяца назад
If he'd paid the property taxes based on the overvalued amounts nobody would have minded all that much 😅
@Thebobbyman
@Thebobbyman 4 месяца назад
Then that would be him being an idiot. Knowingly adjusting prices to benefit is fraud
@therealunicornselene
@therealunicornselene 4 месяца назад
@@Thebobbyman lol okay but lookit the market lol anyway don't mind me I'm just saying if he'd paid the extra into the education system like he was supposed to it would have been better than most of the overpriced nonsense in Manhattan
@Thebobbyman
@Thebobbyman 4 месяца назад
@@therealunicornselene okay if he had only simply over pie his taxes is one thing. But when he values his assets higher or lower based on what helps him him more. That’s fraud
@Thebobbyman
@Thebobbyman 4 месяца назад
@@therealunicornselene I mean, are you really surprised? This is the guy whose “university.” And charity got shutdown for fraud
@therealunicornselene
@therealunicornselene 4 месяца назад
@@Thebobbyman I heard you the first time and that was exactly my point 🤦
@cdg715
@cdg715 3 месяца назад
I guess we are going to have to charge everyone who’s done this! Oh wait that is everyone who has any real estate
@LilyEvans1996
@LilyEvans1996 2 месяца назад
So everyone triples the size of their houses?!
@LuisSanchez-km9jn
@LuisSanchez-km9jn 4 месяца назад
If you harrass the judge and prosecutor your problems may double.
@heyzeus9027
@heyzeus9027 4 месяца назад
What if the judge and prosecutor harass people by using the power of government behind their backs. Very totalitarian mindset you have
@3louminati
@3louminati 4 месяца назад
My goodness could you image the amount of property tax you would pay if the Assessors Valuation and Appraised Market Value were the same?
@BK-ri4lj
@BK-ri4lj 4 месяца назад
Seriously. I'm convinced these people in the comments are children that have never owned anything.
@carolejackson8357
@carolejackson8357 4 месяца назад
You may be aware that they are rarely, if ever the same. This is clearly a bogus charge.
@richmiko4185
@richmiko4185 4 месяца назад
@@BK-ri4lj agreed. seriously , no one in this thread owns a home it seems. they also don't know the difference between civil and criminal court.
@therealunicornselene
@therealunicornselene 4 месяца назад
@@BK-ri4lj or making jokes about the market that you're desperate to ignore 😘
@needparalegal
@needparalegal 4 месяца назад
That used to be the reality just 30 years ago
@JayTee2985
@JayTee2985 4 месяца назад
He undervalued his assets when it came to filing taxes to defraud the IRS and overvalued them when applying for loans to defraud the banks.
@stevesutton5498
@stevesutton5498 4 месяца назад
Jayte,not according to the banks,and expert financial people.
@alexbowman7582
@alexbowman7582 4 месяца назад
The court undervalued Mar-a-Lago at $16 million. If Trump put it on the market tomorrow at fixed price $500 million it would sell almost instantly. A realistic valuation would have destroyed their already pathetic case.
@johnmilovich2195
@johnmilovich2195 4 месяца назад
@@alexbowman7582 Mar-a-Lago- any property - is worth what someone is willing to pay for it. Your $500 million valuation "would sell almost instantly" comment is nonsense and shows you're an amateur.
@alexbowman7582
@alexbowman7582 4 месяца назад
@johnmilovich2195 it's worth over $1 billion. The land alone is worth several times $16 million
@walterbo7687
@walterbo7687 4 месяца назад
​​​@@stevesutton5498in fact: the case is not brought by the banks but by the state, coz he is a fraudster (which he is already been found guilty of) The only financial expert that claimed what you said was paid nearly a million dollars to say that: all other experts said the contrary
@worldlife9834
@worldlife9834 2 месяца назад
This whole case must be handled by a jury.
@briandavis8977
@briandavis8977 4 месяца назад
This case has no chance of making it past appeal courts.
@-TheMaskedMan-
@-TheMaskedMan- 4 месяца назад
If he loses the election it’s over for him.
@KznnyL
@KznnyL 4 месяца назад
I work at Home Depot. Wednesday night at closing, I take $100 from the register. I drive to the nearest casino, and put it on 00. I win $3500. I go home and open the store Thursday, returning the $100 to the register. Was anyone harmed, if so, who? Did I do anything wrong?
@-TheMaskedMan-
@-TheMaskedMan- 4 месяца назад
@@KznnyL No one was harmed, but you definitely did something wrong by taking money from the cash register regardless if you had the intention to put the money back or not. Your are blatantly stealing in order to benefit from money that was not originally yours and which was not granted to you. You should be punished for this because if not then everyone will start to do the same thing which will lead to chaos. Rules and regulations are there for a reason and if we let one person get away with it then why should we prosecute anyone else who does it? Don’t defend bad behavior just because you fancy the person committing the wrongful act. No one should be immune to consequences, it is written in our constitution.
@hus390
@hus390 4 месяца назад
@@-TheMaskedMan- Taking a cash from the register is indeed in itself wrong. This is different. The bankers testified and said they were not fooled by estimates and internal memos showed them decreasing his net worth and gave him an interest rate corresponding with real risk. It’s utterly a nonsensical political case by NY AG!
@-TheMaskedMan-
@-TheMaskedMan- 4 месяца назад
@@hus390 Oh I see. So they lenders already knew of the risk. Then your initial analogy should’ve included the fact that your boss knowingly hired someone he knew would take money from the register and had measures in place for that already. Only problem I still have with this is the wrongful act of intent to deceive. At this point I’m honestly trying to be as unbiased as possible because I know people do this all the time. Especially when they are financing a new vehicle. People prop up their income in order to qualify for a better loan. Even if it fails and the bank gives you the loan you deserve due to the fact that they assessed the true risk, the initial intent to deceive still exists. But ultimately I guess it doesn’t matter because the bank gave him what they believe he deserved. His intent to deceive did not work, thus he did not actually commit any fraud although there was intent to do so. That’s ultimately my conclusion to this🤔. He basically received the loan he deserved after lenders assessed and adjusted his true net worth. I’m no lawyer but maybe the one on this case is trying to get him with something similar to…. “Attempted Murder”- where the crime does not occur but there was intent to commit one.🤔 “Murder”- Where the crime is committed. 🤔 That’s my most logical way of viewing the situation.
@alfavhunter7010
@alfavhunter7010 4 месяца назад
Its amazing how even the bank who gave the loan says there was no fraud. Because they did their own asset assessment and chose to still approve the loan. This fraud case is a political hit job.
@EviLLivEClan
@EviLLivEClan 4 месяца назад
there* was no fraud. Doesn't surprise me that you can't speak basic Kindergarten English.
@alfavhunter7010
@alfavhunter7010 4 месяца назад
@@EviLLivEClan phone auto correct changed "therre" into their didnt notice so ty for pointing it out.
@carolejackson8357
@carolejackson8357 4 месяца назад
​@@EviLLivEClanis that all you got? A Personal Slur. I left a couple for you too, just for kicks.
@DerekHise
@DerekHise 4 месяца назад
You are missing every point that matters: 1. What the manager says irrelevant. The reasonable person standard determines how much a real estate value can be misrepresented, and how much he can lie about square footage etc. A victim excusing his bad numbers doesn’t mean the act wasn’t a crime. 2. The bank stands to benefit from pretending those properties are worth more and protecting their reputation that they weren’t tricked. 3. Most importantly, Trump used the extremely inflated numbers for loans, investment solicitations, Forbes articles, etc. WHILE he used undervalued prices on those same properties to pay minimal taxes every year. The bank isn’t relevant to him committing tax fraud.
@alfavhunter7010
@alfavhunter7010 4 месяца назад
@DerekHise fraud requires a victim. The bank would be the victim here and has said there was no fraud. And the bank does their own assessment of assets. They do not just take people's word for it. And your tax fraud argument is irrelevant in this case. It is a civil case for fraud against the bank that is saying there is no fraud. Tax fraud would be a criminal case and is not what this case is. The bank would stand to benefit from fraud being shown because the money he is fined would in part go to the bank that got fraud Ed. Yet thats not where the money will go if trump has to pay for this "fraud" case. They might have a case on tax fraud, but that isn't the place for a civil trail. That would be a criminal trial.
@SolaceEasy
@SolaceEasy 4 месяца назад
"Liable" means "Guilty".
@gerretoutdoors3710
@gerretoutdoors3710 4 месяца назад
Yes, but also no. You can't find someone "guilty" if you have any reasonable doubts. But you CAN still find someone liable even if you have doubts.
@hewitc
@hewitc 4 месяца назад
@@gerretoutdoors3710 Liable is for civil cases. Guilty is for criminal. Liable=pay $ damages. Guilty= Go to jail
@SolaceEasy
@SolaceEasy 4 месяца назад
​@@gerretoutdoors3710"the preponderance of the evidence"
@SolaceEasy
@SolaceEasy 4 месяца назад
​@@gerretoutdoors3710And it's not like it's hard to tell in this case...
@progidy7
@progidy7 4 месяца назад
But it means in a real milquetoast way that WSJ wants to use in order to appear non-biased
@jackd8345
@jackd8345 4 месяца назад
This person isn't honestly trying to point out the truth. The banks aren't made at him this is completely political
@HealthElites
@HealthElites 4 месяца назад
Clean up your comments section WSJ
@sportingdirector1
@sportingdirector1 4 месяца назад
This comment section is ridiculous for the spam
@SolaceEasy
@SolaceEasy 4 месяца назад
Meaning: Monitor your monitors. They're spending work time watching Tik-tok.
@richinoable
@richinoable 4 месяца назад
😅😅😅😅😅it's not theirs. Property is a hard concept
@QuietStormX
@QuietStormX 4 месяца назад
the U.S. Courts are getting wise to these delays. They do talk to other courts and read the News. Watch TV also..
@rudyk5657
@rudyk5657 4 месяца назад
The news is just as balanced as the comments .
@twrourke6557
@twrourke6557 4 месяца назад
He's guilty. Period.
@rb95051
@rb95051 4 месяца назад
Nowhere you mention that the same assets were down estimated for tax reasons. If that is not fraud, then what is it?
@JoseMorales-sw4uc
@JoseMorales-sw4uc 4 месяца назад
The part I do not get is: do banks not estimate the value of assets themselves? How can you inflate them unless banks are that stupid to just take your word for it? When I took a mortgage (different country) the bank sent someone to check the place and estimate its value and they only proceeded with the credit once they got his approval, do things work differently for bigger loans or are American banks outright dumb? Can I then claim my house is worth a billion dollars and get super-cheap money in the US? (or, what did I misunderstand here?).
@user_not_addicted
@user_not_addicted 4 месяца назад
Y'all are not Bankers.. if they say it's okay.. its okay.. they give Philosophy Students Billions in student loan knowing very well they are unlikely to get a job ..
@theprinceofpie
@theprinceofpie 4 месяца назад
@@JoseMorales-sw4uc The banks do an estimate based on information provided but Trump lied about objective facts like the square footage and whether Mar a Lago was approved for development. Even then, the banks repeatedly told Trump's to stop inflating the values.
@holysmokes3723
@holysmokes3723 4 месяца назад
@@JoseMorales-sw4uc I was thinking the same thing also but came across this article written by Forbes a well respected business magazine it's called How Trump Fooled Deutsche Bank.
@JCB576
@JCB576 4 месяца назад
​@@JoseMorales-sw4ucI think there are 3 possibilities 1) the bank didn't do check (which I don't believe) 2) If the banks would have sued and not the IRS then we would have seen somewhere falsified documents 3) he said his brand was worth x amounts based on some underlying calculations. The underlying calculations were wrong based on fraud I think it's a mix of all three personaly, but we'll see
@techcafe0
@techcafe0 4 месяца назад
the "Trump brand" 🤣so much for American values 🤑
@kdenso3196
@kdenso3196 4 месяца назад
When he is actually seen as Hitlr, it is then excusable to abuse him in any manner, lawful or not. There. Explained.
@carolejackson8357
@carolejackson8357 4 месяца назад
True. Go a little further. Dig a little deeper. Read the Marxist Playbook. One of the tactics is to call your opponent what you actually are. Trump is no Hitler. Like him or hate him, he is not the one using tyrannical tactics to attemptto control us. Also note that those who are called antifa are behaving like the brown shirts of Germany. Look at the actions beyond the words.
@needparalegal
@needparalegal 4 месяца назад
Orange Man Bad
@JonathanSwift-ox9ci
@JonathanSwift-ox9ci 4 месяца назад
Walking Dead Biden - Good@@needparalegal
@Jwdude123
@Jwdude123 4 месяца назад
Trump 2024!
@edwardrumick2311
@edwardrumick2311 4 месяца назад
This is a bunch of silly nonsense. They are saying the tax appraised value is the real value and that the banks appraisal of the property is fraud. You don't decide the appraised value of your own property when you take a loan.
@jeff5534
@jeff5534 18 дней назад
“The banks got back their money” - that’s obviously not the issue, he committed fraud in order to obtain the money and that’s what he’s on trial for.
@FriedrichOettingen
@FriedrichOettingen 4 месяца назад
Trump saying „everybody profited“ doesn’t necessarily mean that it was legal.
@stevesutton5498
@stevesutton5498 4 месяца назад
Freidrich,they actually haven't proved anything yet .the judge found him guilty before tha trial even started.doesn't sound like justice to me.
@ericcarlon
@ericcarlon 4 месяца назад
I could be sarcastic, and really rude to you, but I’ll take a different approach. The narrative that nothing was proven, and he was found guilty is false. That is something he’s putting in your head. It was plenty of evidence turned over in the ruling that he was guilty, was due to that evidence. Now, whether or not Donald Trump wants to acknowledge that evidence is a completely different story, and frankly, he does not have to acknowledge that evidence, but that doesn’t mean it doesn’t exist.
@carolejackson8357
@carolejackson8357 4 месяца назад
​@@ericcarlonwhat evidence that Markey value and tax value are different? THAT is the norm. It's not illegal. Ask anyone with experience buying and selling property. What's surprising is that this was not dismissed as frivolous. Even the loan officers are testifying FOR Trump.
@DerekHise
@DerekHise 4 месяца назад
⁠​⁠@@carolejackson8357What you are choosing to ignore because you have no intellectual integrity, is that market value and tax values rarely diverge by more than 15%, even when those values are both fluctuating year to year, due to market conditions. Decades of Trump being off by more than 6,000% isn’t “the norm” or legal.
@ozymandias8523
@ozymandias8523 3 месяца назад
How is illegal if you loan somebody 500 dollars and some time later he gives you 600 back? Both parties agreed to the loan and valued their risk/gain.
@jaylm4112
@jaylm4112 4 месяца назад
Um also if trumps name comes off the buildings it'll be worth more many buildings petitioned to take his name off it all over the USA
@needparalegal
@needparalegal 4 месяца назад
Until TDS burns itself out. Insanity can only go on so long.
@taylorbranson7790
@taylorbranson7790 2 месяца назад
He definitely played the system for sure but that doesn’t change the fact that politicians are playing the system as well, to make it hard on him. This will only continue to make people hate the government and politicians.
@davidsanabria4993
@davidsanabria4993 4 месяца назад
They did it for years. What about Atlantic city
@TheAZPro-yi8bu
@TheAZPro-yi8bu 4 месяца назад
Corrupt to the core.
@homo-sapiens-dubium
@homo-sapiens-dubium 4 месяца назад
Trump for Russia 2024
@SolaceEasy
@SolaceEasy 4 месяца назад
Make America Russia 2024
@413smr
@413smr 4 месяца назад
I want Trump for ADX Florence 2024. ADX Florence is the supermax in Colorado where they put El Chapo, the Boston Marathon Bombing kid and the Unabomber.
@prooveditt4839
@prooveditt4839 4 месяца назад
You advertise your stupidity with that comment. Such bravery.
@homo-sapiens-dubium
@homo-sapiens-dubium 4 месяца назад
@@prooveditt4839 right? Dare.
@ultraspicypineapple3405
@ultraspicypineapple3405 4 месяца назад
Trump for Norillag 2024
@peetgikeri5245
@peetgikeri5245 3 месяца назад
Thanks for the info
@Augie_Primo
@Augie_Primo Месяц назад
Judge Engoron and AG James have used valuations that ignore federal banking regulations. The loan transactions fall under the regulations established for making real estate loans. A formal appraisal is required to be done by the banks for loan transactions where the source of repayment or the collateral pledged is real estate. It has to be done by a qualified appraiser using the accepted valuation methods. Borrower valuations and tax valuations are not considered, and can vary widely, based on several accounting methods and the taxation policies of the various localities. The bank regulators (U.S. Treasury, FDIC, and Federal Reserve), have repeatedly established in the courts that they and their regulations have primary jurisdiction over the banks. But what can one expect from a judge that declared the defendant guilty before the trial began, refused him a jury trial, and reportedly kibbitzed with his clerk while the defense was trying to present their evidence. Not to mention the conflict of interest of the AG, who ran for office promising repeatedly to "get Trump".
@mcGill746
@mcGill746 4 месяца назад
Oh boy i can’t wait to see what the Wall Street Journal’s take is!
@rhondajones4007
@rhondajones4007 4 месяца назад
NY is finished with Trump!!🙌🙌
@KB-ld6ql
@KB-ld6ql 4 месяца назад
Has been for a long time
@richmiko4185
@richmiko4185 4 месяца назад
the USA is done with NY, thats why everyone is leaving that state.
@KB-ld6ql
@KB-ld6ql 4 месяца назад
@richmiko4185 Lol. Just say'n what Don Von ShitHisPants says doesn't make it true. The taxpayer's rejoice proudly. So Mikey grow up and get a brain with some real knowledge in it. Make mommy somewhat proud at least
@KB-ld6ql
@KB-ld6ql 4 месяца назад
@@richmiko4185 Btw, name one??
@richmiko4185
@richmiko4185 4 месяца назад
@@KB-ld6ql easy google search. do you know how to do a google search?
@rickwalden7022
@rickwalden7022 4 месяца назад
This will tell us a lot!
@PalleRasmussen
@PalleRasmussen 4 месяца назад
It will not matter to his cult.
@gund89123
@gund89123 4 месяца назад
Trump: I was speeding, I got a ticket, nobody was hurt, no accident, I am not paying fine. Trump jr: my speedometer was showing that I was 5 below speed limit, its car’s fault.
@ratboy4169
@ratboy4169 4 месяца назад
It’s been repeated over & over how the trump’s discredit everyone else in the courtroom, to makes themselves seem smarter then everyone else but when asked the simplest of questions, they don’t have any answers.
@ichiro5384
@ichiro5384 4 месяца назад
This argument is always used by the other side of comment section. "If the banks are satisfied then it's not fraud."
@cultofmodernism8477
@cultofmodernism8477 4 месяца назад
Terrible analogy. The point is that the banks, that made the loans, conducted their own financial due diligence and valuation/appraisal analysis, before they made the loan. The banks didn't take Trumps word on the value of the underlying properties before making the loan. Laetitia James is not an appraisal expert, cannot retroactively determine the terms on market loans and there is no fraud here at all.
@colliswilliams8992
@colliswilliams8992 4 месяца назад
Trump 2024!!
@ozymandias8523
@ozymandias8523 3 месяца назад
​@@ichiro5384who was the victim of the fraud? In the speed ticket is to avoid the killing or harm of third parties.
@user-mf1xb7rt1v
@user-mf1xb7rt1v 4 месяца назад
Love the phrasing “Adult Children”
@wockyslush666
@wockyslush666 4 месяца назад
That’s just the proper use of the word..?
@Csett1
@Csett1 3 месяца назад
This makes no sense. This is a garbage ruling. When an asset is overvalued it can only go to a revaluation reserve. It never actually materializes. It is literally just on a piece of paper. Is that a crime? Yes, because it misleads the public so Financial reporting standards are violated. The risk is to the shareholders and/or lenders. Banks are required to do due diligence when creating a lean on an asset. I (as the borrower) cannot tell the bank the valuation of my house, the bank needs to get an independent valuation of the asset. There is no way that there would be a mismatch of valuations of assets held on lean that would cause a large enough discrepancy to creat a high degree of risk for a financial institution. If the offended party was a creditor or shareholder or investor then I could understand the large fine but with the information provided this is a real attack. $20 million - $50 million would be a reasonable price but this is by far unreasonable.
@dandykema1090
@dandykema1090 2 месяца назад
I agree. I am not a fan of him but this is excessive.
@sundial-el3nt
@sundial-el3nt 4 месяца назад
===========🌟🌟🌟======== 81% of Americans supported Israel but did not support Hamas hostage deal as too many Hamas terrorists would be released and go back to terrorism. 75% supported President Trump and wanted him to be next President although Americans supported funding for Israel but did NOT support more money for Ukraine and thought EU should pay for the cost of war in Ukraine..Gallop polling..22 Dec 23..====🌟🌟🌟===
@KB-ld6ql
@KB-ld6ql 4 месяца назад
He'll have to sell many properties because they are all leveraged to the hilt.
@THE_WOAT
@THE_WOAT 4 месяца назад
That is a false statement. Please cite proof before making BS OMB statements.
@KB-ld6ql
@KB-ld6ql 4 месяца назад
@THE_WOAT Don Von ShitHisPants has transfered political donations to pay his personal legal fees. Over $50 million in 2023. Give your head a shake.
@KB-ld6ql
@KB-ld6ql 4 месяца назад
@@THE_WOAT Huh??
@LawtonDigital
@LawtonDigital 4 месяца назад
I "like" Trump's logic: "they got their money back. There was no crime." He sounds like an embezzler who gave back what he embezzled. See? No crime!
@patsevigny5044
@patsevigny5044 4 месяца назад
I went into the store and robbed them. So I gave the money back. All set. He's so entitled its pathetic
@carolejackson8357
@carolejackson8357 4 месяца назад
I guess you don't know that everybody involved profited off of this deal ? The bank got the interest as with any other loan. So tell me how is that robbery?
@carolejackson8357
@carolejackson8357 4 месяца назад
​@@patsevigny5044I guess you don't know that everybody involved profited off of this deal ? The bank got the interest as with any other loan. So tell me how is that robbery? There was nothing at all unusual about this the loan negotiations.
@KznnyL
@KznnyL 4 месяца назад
@@carolejackson8357 I work at Home Depot. Wednesday night at closing, I take $100 from the register. I drive to the nearest casino, and put it on 00. I win $3500. I go home and open the store Thursday, returning the $100 to the register. Was anyone harmed, if so, who? Did I do anything wrong?
@jamapx
@jamapx 4 месяца назад
Signing a promissory note kind of obviates embezzlement.
@Jcs57
@Jcs57 4 месяца назад
What were his property taxes based on, his inflated value or undervalue.
@debbie7104
@debbie7104 4 месяца назад
How much taxs will new York lose if they outs president Trumps business.?
@bimopi
@bimopi 4 месяца назад
0
@omgnowairly
@omgnowairly 4 месяца назад
He committed fraud and this is the penalty process. Seems like effort was made to make that unclear.
@jamapx
@jamapx 4 месяца назад
Fraud requires intent to commit fraud, a victim, and damages. None of these elements were proven in the case against Trump.
@ozymandias8523
@ozymandias8523 3 месяца назад
Whom he commited fraud against?
@mcyclonegt
@mcyclonegt Месяц назад
Not fraud if there is no victim.
@DB-ub3wx
@DB-ub3wx 4 месяца назад
What he has done is so dodgy and illegal anyone who try’s to defend him is just as delusional as he is.
@hus390
@hus390 4 месяца назад
The bankers testified and said they were not fooled by estimates and internal memos showed them decreasing his net worth and gave him an interest rate corresponding with real risk. It’s utterly a nonsensical political case by NY AG!
@worldlife9834
@worldlife9834 2 месяца назад
He is a victim of political persecution. Case after case in the legal system.
@LilyEvans1996
@LilyEvans1996 2 месяца назад
Maybe he should be a better person?
@ngauruhoezodiac3143
@ngauruhoezodiac3143 4 месяца назад
I would pay to watch TRUMP being removed from Trump Tower.
@Royale_with_Cheeze
@Royale_with_Cheeze 4 месяца назад
Conmen see their marks (suckers) and take their money. The best conmen make their mark willingly give their money. The "con" in conman is short for confidence. This conman sure has a lot of marks, willingly giving him their money. Others see a conman for what he is snd stays clear.
@patsevigny5044
@patsevigny5044 4 месяца назад
The biggest con job of all. His fans r paying his legal fees but it's called a campaign donation. So dumb.
@effingsix3825
@effingsix3825 4 месяца назад
They don’t mention that Trump has been found liable in the civil fraud case in a bench trial. They are only determining damages at this point. Criminal fraud is not at issue, the prosecutor would have to formally lay charges, though criminal fraud charges can be brought in light of the findings of the court.
@jannarkiewicz633
@jannarkiewicz633 4 месяца назад
The piece was heavily biased toward Trump. It was just pro-Trump propaganda.
@atedinahalf6288
@atedinahalf6288 4 месяца назад
​@@jannarkiewicz633If you think this is pro trump, wait till you see what the average citizen thinks. Especially after all these crimes against humanity come out.
@410cultivar
@410cultivar 4 месяца назад
I tell you what, I won't call you a liar, I say this. Prove it
@jamapx
@jamapx 4 месяца назад
This will be overturned. In the meantime, Leticia James and Arthur Engoron have made some powerful enemies. Couldn't happen to a more deserving couple.
@effingsix3825
@effingsix3825 4 месяца назад
There’s more. Criminal indictments to come!
@freedom2noisemedia
@freedom2noisemedia 4 месяца назад
Gov Mafia 101: Operation Get Trump
@michellen2325
@michellen2325 4 месяца назад
What a BS!!!
@taxpert87
@taxpert87 4 месяца назад
All of this makes me want to vote for the man more than ever…
@quesoblanco444
@quesoblanco444 4 месяца назад
Why?
@nameofmychannel8802
@nameofmychannel8802 4 месяца назад
I guess he’s saying because trump is being prosecuted by the same people who encourage fraud and do fraud aswell. Is the only thing I can think of… why
@atedinahalf6288
@atedinahalf6288 4 месяца назад
​​@@quesoblanco444Because the American populace hates the government and the uni-party. They also like a underdog. Trump gets treated just like we do. He just has the funds to continue to battle them.
@t.m9341
@t.m9341 4 месяца назад
Shut up queso
@jonihaynes-haasch8988
@jonihaynes-haasch8988 4 месяца назад
They seem to be unaware of how much we despise Biden, Trump has done nothing that even compares to Biden, we know
@Ryan125y
@Ryan125y 4 месяца назад
He misvalued his properties for financial gains. It's clear and blatant fraud.
@Dudevegaslv
@Dudevegaslv 4 месяца назад
He is not the only one does that . All the wealthy do that for the record!!
@holysmokes3723
@holysmokes3723 4 месяца назад
​@@Dudevegaslv I agree with you but those other rich people didn't have there own personal lawyer " Micheal Cohen" tell a Congressional hearing under oath and on live TV that Trump over valued his properties to get better loans and devalued them when he filed taxes. Once he did that the feds came knocking and rightfully so we have laws that he violated and got caught.
@skyking6989
@skyking6989 4 месяца назад
But the banks still loaned him the $ and the banks do there own research and the numbers must line up on there end as well or loans aren't given out. Stop the nonsense. No crime was committed. Witch hunt plain and simple
@uglifist309
@uglifist309 4 месяца назад
Stop watching cnn
@dee5778
@dee5778 4 месяца назад
​@@Dudevegaslvcool story, they can go to trial as well.
@joeperry2065
@joeperry2065 2 месяца назад
So the way i see this is if u got a loan from a bank and terms were agreed upon, and everything went fine with repayment, who am i to step in aftetwards and say oh that wasnt right now your going to jail !!!! Especially when the bank had issue with the transaction . Pressung charges should be the banks decision
@mdmonroe82
@mdmonroe82 2 месяца назад
If the realtors and the banks confirmed his estimates, the debts were paid, where does the fraud come in?
@worldlife9834
@worldlife9834 2 месяца назад
I don't see fraud either. I see a big scam and abuse of power.
@MarioRodriguez-gr8wc
@MarioRodriguez-gr8wc Месяц назад
This is why I’m a big Trump supporter now. I hated the man at first. But I started realizing the media, politicians, and even judges are out to get him. Even if he didn’t do anything wrong.
@moyo2850
@moyo2850 4 месяца назад
Does nobody else think its odd that hes not facing prison time for this???? Take a bag of chips from walmart and they jail you for 3 months.
@angiepangie989
@angiepangie989 4 месяца назад
Everyone is too busy being mad at each other they don't even think to question the big picture. You're right, but unfortunately most people are too stupid to realize it.
@blueskynet7926
@blueskynet7926 4 месяца назад
Because he's rich.
@richmiko4185
@richmiko4185 4 месяца назад
this is a civil trial. obviously there is no evidence to convict him for criminality otherwise this would be a criminal case. the judge does belong in prison or to lose his license to practice law though.
@nzs316
@nzs316 4 месяца назад
It's reassuring t see and hear quality reporting. Thank you WSJ.
@YetiTurmoil
@YetiTurmoil 4 месяца назад
quality reporting to you is just anything that reaffirms your bias. If they said it would lessen his value you would be angry and calling it fake news xD
@nzs316
@nzs316 4 месяца назад
@@YetiTurmoil My comment was quite neutral.
@413smr
@413smr 4 месяца назад
From the WSJ? LOL
@gund89123
@gund89123 4 месяца назад
@@413smrWSJ is actually biased to the right, it is owned by Murdoch. So I would trust WSJ as fair in here.
@carolejackson8357
@carolejackson8357 4 месяца назад
​@@nzs316but the report is not neutral. Out of context reporting to spin a narrative is happening here. And, the WSJ once was a mostly reliable source. Sadly, that is no longer true.
@leosingleton3119
@leosingleton3119 4 месяца назад
Why is youtube so anti trump all the time
@XiJiping12.
@XiJiping12. 4 месяца назад
Total BS
@jamapx
@jamapx 4 месяца назад
Are you free to sell your house to a party for more than its market value? Of course you are. Are lenders required to have an independent appraisal on any property offered as collateral? Of course they are. Why? Because borrowers and sellers always overstate the value of their property. And are damages and intent essential elements of criminal fraud? Yes of course. Here, the guilty parties are the prosecutor and the judge, namely Leticia James and Arthur Engoron. It will be interesting to see how they're doing a year from now.
@Gwen3344
@Gwen3344 4 месяца назад
And are you required by law to pay taxes at the rate of those overstated values? Of course you are! trump didn't.
@aikanae1
@aikanae1 4 месяца назад
My 1,000 sq ft apt is now 10,000 sq ft. No problem.
@jamapx
@jamapx 4 месяца назад
It literally makes no difference whatsoever. Lenders are required by federal law to perform their own independent appraisals of property offered as collateral. Do you know why? It's because borrowers (and sellers) have an incentive to overstate the value and extent of their own property. @@aikanae1
@skyking6989
@skyking6989 4 месяца назад
So it's a civil trial which means he won't be going to prison even IF he's found guilty. Civil trials are about $ not criminal wrong doing
@Patt12
@Patt12 4 месяца назад
For this he only need to pay back the state about 500 million dollars , Criminal cases are the capitol attack ,steal document and the election issue for bribe electoral official to put 11,000 vote to his account
@mattsmith9270
@mattsmith9270 4 месяца назад
There is no IF he's already been found guilty. This is to determine the penalty.
@Patt12
@Patt12 4 месяца назад
@@mattsmith9270 $500million been set up and ban for doing business in New York
@MarioRodriguez-gr8wc
@MarioRodriguez-gr8wc Месяц назад
@@mattsmith9270guilty is NY nothing new. It’ll go through appeals and probably in from of the Supreme Court.
@nouneyhill9795
@nouneyhill9795 4 месяца назад
if the loans were repaid; then the fraud yielded no liability. Let President Trump run in theprimary and the people decide for themselves.
@ShhhHhhhz
@ShhhHhhhz 4 месяца назад
with so much heat on him, you bet if he sits on that throne again, swear to god, hes not gonna let it go this time round.. ever. Its up to y'all Americans to view it whether is it a good thing or not
@alexandermilbank8833
@alexandermilbank8833 4 месяца назад
And who will go up there instead? Sleepy Joe? 😂
@jonjone661
@jonjone661 4 месяца назад
@@alexandermilbank8833someone under 60 ideally
@geggilishes5286
@geggilishes5286 4 месяца назад
RFK Jr 2024!🇺🇲
@geggilishes5286
@geggilishes5286 4 месяца назад
​@alexandermilbank8833 RFK Jr 2024!🇺🇲
@iankatz6487
@iankatz6487 4 месяца назад
Thanks for your expert input, random non-American internet stranger. Good luck with your crusade against **checks other comments** American automobiles. 🫡
@user-vf6tr6yt2u
@user-vf6tr6yt2u 4 месяца назад
Put him in prison, so we can save America 🇺🇸
@josephkanga5533
@josephkanga5533 2 месяца назад
But he paid back n no one lost their money. This is really a witch hunt
@Pr0toPoTaT0
@Pr0toPoTaT0 4 месяца назад
Well this is what happens when you hire My Pillow Mike Lindell as your accountant.
@Primo_extracts
@Primo_extracts 4 месяца назад
Trump cannot sit in office. The bathroom, fine. But not the office🗣️🗣️
@holysmokes3723
@holysmokes3723 4 месяца назад
😂😂😂😂
@gilvillamaria632
@gilvillamaria632 2 месяца назад
banks should be the one filing the cases isnt it? but theres no one. they are paid already with profits. so its business talks.
@Dakotako
@Dakotako 4 месяца назад
Peaceful divorce
@hellotheremyolfriend
@hellotheremyolfriend 4 месяца назад
Woke Street Journal and other Fake News Media' relentless political persecution against Donald Trump makes me want to vote for him even more. Down with the cult of wokeism.
@omgnowairly
@omgnowairly 4 месяца назад
Seems like you don't like facts or reality.
@hellotheremyolfriend
@hellotheremyolfriend 4 месяца назад
looks like you love media telling you how to think@@omgnowairly
@redmustangredmustang
@redmustangredmustang 4 месяца назад
He's already been found liable and the summary judgment. It's just all this time. This has been the penalty portion of the trial. We are going to see how much he's gonna have to pay out and penalties and if you can ever do business in New York again.
@Alexrogan0311
@Alexrogan0311 4 месяца назад
All you need to know is what Latisha James said the Judge made up his mind before the trial began, and the trile is the fraud, and everyone knows it!
@jamapx
@jamapx 4 месяца назад
What ever it is will be overturned on appeal. The case is politically motivated and the law as applied in this case is unconstitutional.
@johnharris6655
@johnharris6655 4 месяца назад
That is the first issues, this should have been before the commerce commission, not a judge. That is appeal #1. #2.
@tfking10
@tfking10 2 месяца назад
Baron just became the youngest CEO. Time magazine here he comes
@Bill-vo1wn
@Bill-vo1wn 4 месяца назад
What about NO STANDING you don't GET. WAKE up People.
@nwcigotbetter2001
@nwcigotbetter2001 4 месяца назад
A fraud from the start
@arnolddavis-cu7nh
@arnolddavis-cu7nh 4 месяца назад
Awe poor Donnie is not immune
@Alexrogan0311
@Alexrogan0311 4 месяца назад
All you need to know is what Latisha James said the Judge made up his mind before the trial began, and the trile is the fraud, and everyone knows it!
@maggievedrenne7379
@maggievedrenne7379 4 месяца назад
Tell the TRUTH.
@damoneboyd9945
@damoneboyd9945 4 месяца назад
So the accounting is at fort
@cynthiaforequity
@cynthiaforequity 4 месяца назад
How firing someone became interesting is beyond my understanding. I think it is cruel and mean.
@MaxRuso
@MaxRuso 4 месяца назад
Lock him up
@Mexaxhingon
@Mexaxhingon 4 месяца назад
Trump Whatever happened to the Separation of politics and Church. That should be a warning ⛔️ I guess we can ignore the constitution
@billridarelli5691
@billridarelli5691 4 месяца назад
Trump better start taking his gold out of his pile.
@richinoable
@richinoable 4 месяца назад
The boom is lowering
@onlybuilt4cubantwins500
@onlybuilt4cubantwins500 4 месяца назад
Pretty amazing how a guy goes from being universally loved to disliked and even hated by half the country because he switched from democrat to republican and the mainstream media made people believe he was the devil😂. Every rich political donor could be prosecuted on the same charges as Trump, the question is, why aren’t they?
@carolejackson8357
@carolejackson8357 4 месяца назад
These charges are not illegal. But yes, not the two teared court system
@DerekHise
@DerekHise 4 месяца назад
Trump has always been hated by people who knew him. Example 1. New Yorkers voted overwhelmingly against him as president is first time running. I recall about 75% opposing him. Example 2. He was the inspiration for Biff Tannin in “Back To The Future” long before he entered politics. Drawing national attention to himself was the only change. They see him for the abomination he is, but in greater numbers.
@neilpollicino80
@neilpollicino80 4 месяца назад
ouch
@familypowergroup
@familypowergroup 4 месяца назад
The Thibodaux Journal has the finest weather ladies too
@johnnydoe3603
@johnnydoe3603 4 месяца назад
Banks take No Losses. If Trump got Dirt Cheap Loans, then the People who took Small Loans are made to Pay Higher Interests. 😊
@bsting601
@bsting601 4 месяца назад
You forget that it affects tax and the fairness to others ! At the least you should be taking hes a liar and a conman for doing it !
@user_not_addicted
@user_not_addicted 4 месяца назад
Where did you find this breaking news 😂😂😂
@johnniequinn3215
@johnniequinn3215 4 месяца назад
That is if they get loans at all, since the banks gave money to Trump thst could have generated business elsewhere.
@bsting601
@bsting601 4 месяца назад
@@johnniequinn3215 Shame its illegal to do 🙂
@holysmokes3723
@holysmokes3723 4 месяца назад
Based on expert testimony Trump costed his lenders $168,040,168, which the banks would have made if Trump was given the appropriate interest rate corresponding to the actual value of his assets.
@Xylos101
@Xylos101 4 месяца назад
The bots are more informative than most WSJ comments.
@jessieratcliff3824
@jessieratcliff3824 4 месяца назад
He fires everyone like its a game we dont need a family affair in the white house
@jc1006
@jc1006 4 месяца назад
I have loss all respect for the WSJ. This is clearly political retaliation. This sort of biased reporting would cause me to leave the WSJ if I worked there.
@artemasward5842
@artemasward5842 4 месяца назад
$250,000,000 or $370,000,000 yep.
@joebullwinkle5099
@joebullwinkle5099 4 месяца назад
I do really hope that the US justice system will hold the carpetbagging lier that Trump and his family are whole accountable for their never ending dishonest behavior.
@joeybleu66
@joeybleu66 4 месяца назад
10996 is not equal to 30000 but at trump tower it is. that's not subject to a personal opinion of valuation. had he not appealed his property taxes even based on his abysmally low valuations he might have made out better. every unfortunate who bought anywhere near one of his golf courses. they paid for the ambulances, they paid for the police and they paid for all city services not tfg. 370 million x 15 counts?
@carlitos431
@carlitos431 4 месяца назад
A fraud ?? Against who?? Who is or are the victims ?
@carlitos431
@carlitos431 4 месяца назад
@@bimopi that’s absurd to say the least . The man paid all his taxes and paid off his debts before the agreement was even due . This is all politics at its lowest . Banana republic all the way as it’s done in underdeveloped countries. Tried and jail you political foes before they even get to try to get to power by people’s votes .
@jiconcha
@jiconcha 4 месяца назад
This is a fraud trial where the parties that were supposedly defrauded did not sue and did not suffer losses. I am curious as to whether it is common to charge fraud when the victims have not complained and have not suffered losses.
@johnniequinn3215
@johnniequinn3215 4 месяца назад
The state of NY was defrauded. And yes, class action lawsuits are a common example of holding an entity responsible for bad actions when many if the people affected are not aware that they may have been defrauded.
@twigg43
@twigg43 4 месяца назад
Would you arrest a bank robber, their crime didn't affect me. A crime is a crime
@TheResilient5689
@TheResilient5689 4 месяца назад
Local, state, and the federal government bring lawsuits like this all the time on behalf of people and organizations who were defrauded. It doesn’t always have to be the aggrieved parties bringing the cases here.
@aj_darkblade
@aj_darkblade 4 месяца назад
In that case you should lie about your property value next time you have to pay property taxes and make that defense 🤡 Its really sad how much you and others try to spin the law to defend your cult leader.😂😂
@holysmokes3723
@holysmokes3723 4 месяца назад
We can't forget that he was also found guilty of fraud in the fraudulent Trump University case which he had to pay the defrauded students $25million and also the Trump Charity fraud case that he was also found guilty of and it was shut down he was made to pay $2 million dollars and banned for life from running a charity in NY. There is plenty of victims he is a true CONMAN.
@gund89123
@gund89123 4 месяца назад
Fair & clear reporting.
@carolejackson8357
@carolejackson8357 4 месяца назад
Only if you think that it's appropriate to omit salient facts surrounding the case.
@emilyc8262
@emilyc8262 4 месяца назад
This case is complete nonsense.
@familypowergroup
@familypowergroup 4 месяца назад
The Thibodaux Journal is getting the exclusive
@catfunt3404
@catfunt3404 4 месяца назад
There’s no chance this would have been prosecuted if he never tan for president, or even if we was lent a controversial one. Like does anyone here genuinely believe otherwise?
@aeneas-sails
@aeneas-sails 4 месяца назад
This all stems from a comment, under oath, by Michael Cohen. I genuinely believe that Trump 100% brought this on himself, and that he would have been prosecuted anyhow.
@FilNightmare2187
@FilNightmare2187 4 месяца назад
no wonder why he desperately needs the Presidency pulling every dirty cards in politics as much as possible such as inciting an insurrection because all of these are inevitable and he wants to get away with it.
@emilehote8170
@emilehote8170 4 месяца назад
Insurrection sure
@dee5778
@dee5778 4 месяца назад
​@@emilehote8170 yup, we all watched it live.
@jamesbrinkman9332
@jamesbrinkman9332 4 месяца назад
Lol, you are crazy. He never got charged for that. But keep lieing to yourself
@jamesbrinkman9332
@jamesbrinkman9332 4 месяца назад
​@dee5778 you watched what they showed you. Did you watch the whole thing? You think or government is trust worthy?
@melissadavis7234
@melissadavis7234 4 месяца назад
There was NO insurrection & Fraud has been Proven all over the country. Turn off your Programming Box⚠️ *Tell A Vision 👺 🐑🐑🐑🐑🐑 👈🏽
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