ITS BEEN ALONG TIME BUT CYCLOPS has been WAITING
Trump Sued by New York Over ‘Fraudulent’ Asset Valuations bloomberg
This is a civil suit
But it will force the Feds, the State and NY City to pursue criminal indictments
THE COURT FILING IS NEARLY 300 PAGES STUFFED WITH INFO.
"New York Attorney General Letitia James filed a sweeping lawsuit Wednesday against former President Donald Trump, his three eldest children and the Trump Organization in connection with her yearslong civil investigation into the company’s business practices.
In the suit, which runs more than 200 pages, James’ office details what it says are Trump's efforts to inflate his personal net worth to attract favorable loan agreements and alleges more than 200 instances of fraud over 10 years." nbc news
Egregious examples of Donald Trump’s inflation of his wealth used to con lenders, insurers and FORBES LIST
Trump’s New York City apartment
Trump claimed in 2015 that his triplex apartment on Fifth Avenue was 30,000 square feet
More than three times its actual size of 10,996 square feet. He valued apartment stratospherically at $327 million,30k/sq.ft . At time one NY apartment had sold over $100 million Record price for an apartment in Trump tower was $16.5 million ----- less $4,500 per square foot.
Mar-a-Lago
Trump claimed that there were no restrictions on the property; could be developed and sold for residential use at any time. Placed a value on the property of $739 milIion. In truth deeds Trump signed in 1985 severely restricted type of developement Professional valuation was $75 million
AND ON AND ON
But these you can read for yourself
Do not feel ANY sympathy for the lenders who went along with this
Deutsche Bank is Trumpski’s largest KNOWN lender, it extended him more than $1 billion while US Money Center Banks would not lend him a nickel.
$300 million of which remains outstanding.
Deutche made[under wrote] huge loans, most of which IT sold on to unsuspecting smaller creditors in Europe and in the US sticks.
The team which put the loans together and their superiors made huge commisions.
None of them now work for Deutche and and none of them have been indicted.
Including the then head of their world wide real estate portfolio ; the son of Supreme Court Justice Kennedy
Not a single US money center Bank was involved in their origination or sale
Much less taking any Trump exposure.
To work in real estate lending in NY when these loans were originated it was IMPOSSIBLE not to know about Trump or to to be able to assess the true value of the assets or the value of Trumps guarantees.
"None so blind who WILL NOT see"
The magic of the bonuses for bankers at work👿
I now append previous posts on DEUTCHE BANK loans to Trump
Enjoy,
Cyclops wrote this in early 2017 in a blog entitled "Russian connections"
In 1995, Trump declares a $900+million loss on his casino developments on his income tax returns. U S banks “unwilling "to lend him money due to what they termed ‘the Donald risk.'
- With the help of Wilbur Ross he turns to Deutsche Bank and the Bayrock Group'
- In 1998 Deutsche Bank provides Trump $125 million to renovate an office building at 40 Wall Street.
- Deutsche Bank goes on to underwrite over a $ billion of loans to Trump.
- Deutsche Bank has been at the centre of Russian money laundering schemes
"SUPREME'S CONSPIRACY"
"How on earth is Trump's larcenous borrowing linked to the Supreme Court ?" you ask
READ ON 😇 Not a WORD is fiction
https://kingcyclops.blogspot.com/2019/05/deutsche-redux.html
MAY 2019 DEUTCHE REDUX
https://kingcyclops.blogspot.com/2018/07/supremes-conspiracy.html
"How on earth is Trump's larcenous borrowing linked to the Supreme Court ?" you ask
READ ON 😇 Not a WORD is fiction
An aside on the Supremes which CYCLOP wrote in June 2018 [over 4 years ago]
https://kingcyclops.blogspot.com/2018/06/the-supremes.html
