FINALLY! Some Trump Action..

NY State had just filed suit charging Trump and three of his children with fraud over the valuations of properties within NY state. The amount of the suit is $250 Million. It is alledged that these valuations were for the purpose of falsely inflating Trumps real Wealth for advantage as well as underpaying Taxes due.
Now if Trump is as rich as is claimed this is peanuts to him. But it does come with the rider that Trump and his kids wont be able to run businesses in NY and the Trump organisation wont be able to operate as it stands.
Further; It is my belief that this will cause the sale or seizure or some Trump properties.. And that they are so heavier encumbured that they wont realize enough to cover their indebtedness, causing more properties to be seized to clear those debts. A gaint, slow motion domino effect I have been waiting for, for some time.

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windinhishair · 61-69, M

Trump has been running a Ponzi scheme for most of his life. This is the start of it catching up with him. Just wait until he has to sell Mar-a-Lago.

softspokenman · M

@windinhishair Maybe the DOJ will seize all his properties and any remaing assets as a penalty and give it to the public treasury.

Pitchblue

@windinhishair Seize Mar a Lardo. All that lard spewing out everywhere. Disgusting

whowasthatmaskedman · 70-79, M

@windinhishair Thats the thing. Lets look at Mar a Largo. His valuation $759 Million. Security on loans , say $350 Million. (Lets be optimistic) True Valuation $75 Million. Assuming its not a fire sale situation.. You can see how selling it isnt going to help his situation, cant you? Now repeat that for 200 plus properties.. The man is a one man recession..😷

windinhishair · 61-69, M

@whowasthatmaskedman The house of cards will start collapsing once his loans are called in.

Pitchblue

@windinhishair I just read Deutsche Bank forgave all his loans.

windinhishair · 61-69, M

@Pitchblue Is this something new? I was under the impression they had forgiven some loans in 2020, but they still had over $300 million in loans still due.

Pitchblue

@windinhishair What I read was they were trying to distance the bank from Trump. They already gave his banking information to investigators. My guess is they did not want to be investigated.

windinhishair · 61-69, M

@Pitchblue I read that as well, but it was in an October 2020 article. Another article the same month said they had $340 million coming due in 2022.

whowasthatmaskedman · 70-79, M

@Pitchblue Deutsche bank did announce they would forgive all the loans they held on Trump. My reading of that is they figure they wont get any money, because there wont be any to get and they should know.. However, Deutsche bank did act as a broker for loans from Russian banks to Trump.. And the Russian announced some time ago it was their intention to chase that money in court.. (After all Putin doesnt need Trump any more..)😷

Pitchblue

@windinhishair Trump won't pay. It would be funny to see Trump Tower get repossessed. All of the properties he owns he's borrowed against.

windinhishair · 61-69, M

@whowasthatmaskedman Can you imagine having hundreds of millions of dollars just forgiven? The rest of us get dinged $40 for overdrawing a checking account by a dollar.

whowasthatmaskedman · 70-79, M

@windinhishair Well, its a little more complex. Deutsche back is the go to bank for moving a lot of "questionable " money. (Surprise, Surprise) . And they have a reputation for discretion. Now they were forced into handing over a lot of Trump and Trump related figures relating to Money laundering some time ago, under threat of losing their US banking licence. (which would have killed them) So the last thing they need is for despots Oligarchs and warlords to lose faith in them by taking Trump to court for their money. Take the loss and move forward..😷

Pitchblue

@windinhishair Yeah, It turns my stomach. I can't go anywhere where someone is not asking me for money and hundreds of millions is nothing to the Trump Organized Crime Family. Laundering money for Russia but still became President. It would be funny if it wasn't so serious.

windinhishair · 61-69, M

@Pitchblue @whowasthatmaskedman Just wait until we find out what Trump was doing with the top secret nuclear documents.

whowasthatmaskedman · 70-79, M

@Pitchblue That case is still running by the way.. It was the one started with his Tax returns.. It will be Money laudering (Deusche Bank themselves identified it) and for sure Fraud and Tax evasion witll follow..😷

Pitchblue

@windinhishair He worships money so I would guess he was selling Isreals Nuclear program to Saudi Arabia or Russia, maybe both, double the money.

windinhishair · 61-69, M

@Pitchblue He allowed a million Americans to die of covid and was more concerned with his own re-election. He would easily sell out the nation, and he may well have already done it.

Pitchblue

@whowasthatmaskedman The only reason he has to run again is to put all of these investigations on hold for 4 years.

whowasthatmaskedman · 70-79, M

@Pitchblue Maybe.. But my money if on France, to the Russians. The Israelis know better than to trust the Americans..😷