Trumps property-in 1995 for $7.5mm; In 2012, Trump told lenders it was worth $291mm....

[riversedge]

NO significant improvements made!! seems like the lenders need to answer questions also.


One more time:
It was purchased in 1995 for $7.5mm
There were NO significant changes made to the property or its use.
In 2012, Trump told lenders it was worth $291mm

That was 9 years ago, how was a red flag NOT raised until now?

Link to tweet

?s=20

Link to tweet

?s=20

Link to tweet

?s=20

[mucifer]

1. I know everyone is praising the NY federal prosecutors. But, WHY did they let him run

for President????

Why didn't they go after him decades ago??

I wonder if someone got paid off.

[Dorian Gray]

5. The NYC DA

Had enough info to go after the trump business ages ago, and dropped all charges prior to the election. Cyrus Vance is trying to make up for it now, but I don't know.... don't have a lot of faith.

And then the NY AG also investigating. I have more faith in her, but.... also, I don't know.

[choie]

11. NYC DA Vance received

refused to move forward with prosecution, over ruling his staff. He then received a $32,000 donation from trump in 2012 (through trump's lawyer Marc Kasslowitz) (which he returned). Also had previously received a donation when his department was investigating Trump jr. and Ivana. Same thing with Harvey Weinstein. No hero, he.

[Clash City Rocker]

2. Now probably worth less than he paid for it

It’s lovely to see the value of everything with his name on it plummeting.

[PCIntern]

3. Ridiculous... I'd like to see him try that with

Lending Club. They’d turn him down in a nanosecond.

[musclecar6]

4. Nothing I enjoy more

Than the prospect of seeing our favourite conman liar and a cheat roasting on the legal spit. He's managed to weasel his way out of any accountability his whole life and who knows maybe he will continue to get away with it. If not though, we are all going to enjoy watching him get his long overdue comeuppance.

[madville]

6. These lenders don't conduct appraisals?

Seems odd. If you refinance a property or or get an equity loan, an appraisal is pretty standard.

[TreasonousBastard]

9. Sure they do, but this was for a development, so he could bullshit that the future value would be...

a lot more than appraised for.

[localroger]

7. Well, it's very simple and obvious

Trump's property must be made of bitcoin. He was that far ahead of his time!

[C_U_L8R]

8. Did he pay taxes at that valuation?

[TreasonousBastard]

10. Heh.

[Cicada]

12. Lenders knew Trump lied and all but 2 lenders said no

Trumps son: we don’t need American banks, we get money from Russia now. And Deutsch Bank, convicted of money laundering for Russia lent to Trump. Probably a coincidence but worth checking out whether someone guaranteed payment on Trump loan.