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.
@RojoSanIchiban @Rusticus
Jail…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.
The NY case is going to end up with hundreds of millions of fines and the dismantling of Trump’s real estate business. Which is a pretty big deal.
There is a common sentiment of “just send him to jail already” but that’s not how due process works. He’s not going to get sentenced to jail before he’s been convicted in the Georgia case or the federal cases.
And despite the common sentiment, people aren’t generally thrown in jail for the first violation of a gag order, or even the second one. They generally get fined a few thousand dollars the first few times, which is exactly what happened to Trump.
Jailing Trump for two gag order violations might be briefly satisfying, but it would be immediately reversed on appeal and throw the whole case into question. So the judges need to do everything by the book.
You don’t know what you’re talking about, which was the point of my comment to begin with.
You’re simply ignorant of the system and making assumptions based on emotion. You need to absorb actual information on the proceedings from reputable news sources. I can suggest a number of lawyers who moonlight with podcasts if you like.
This is exactly what you’re doing in every comment you’ve made. It’s wishful thinking with zero knowledge of how things will go.
Horseshit. I’m railing against cynics that have absolutely no understanding of the legal system. I do have an understanding of it.
It doesn’t seem so based on the bullshit you’re plagiarizing from talking heads on television.
@RojoSanIchiban
Remindme! 12 months.
While I would love to be wrong, I’ll prep the “I told you so”.
As far as assumptions go, I base them on 77 YEARS of no penalty for a life of crime or do you want to argue that simple fact?
You? You enjoy your dream.
Did you even trigger the remindme bot? Or were you just being cheeky? Lol
Either way, I want to know which of you is right.
@remindme@mstdn.social 12 months
@Lifecoach5000 Ok, I will remind you on Thursday Nov 7, 2024 at 9:31 AM PST.
With your level of conviction to willful ignorance, you may as well grab a maga hat. Or you can go fucking learn something about the legal system instead.