this post was submitted on 07 Nov 2023
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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.

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[–] Rusticus@lemmy.world 129 points 1 year ago (37 children)

I don't think anyone in this community is going to argue that Trump didn't break the law, egregiously and many many times. What everyone doubts is that there will be any real consequences for the wealthy elite, especially this one.

[–] RojoSanIchiban@lemmy.world 77 points 1 year ago (31 children)

"They let him get away with anything."

"Ok he's under investigation but they'll let him slide."

"Ok, he's been charged, but they'll never convict him."

The Trump organization is already criminally convicted of fraud and Weiselberg already spent time at Rikers Island.

Trump has already been found liable for rape and defamation, and another case for that act is going to add to his millions in damages that he will have to pay.

His business in New York is already a dead man walking. He's going to have to liquidate nearly everything to pay off the damages that the Judge will decide from this trial in December, if not earlier, depending on witnesses the defense calls.

There are likely going to be criminal fraud charges brought for the same actions and intent being uncovered in this case.

In March, the Federal criminal case begins for election interference and obstruction. Those charges will put him in prison before the '24 election. After that, Fulton Co. GA and Federal docs case will go forward and he will get more convictions and more time.

We all want the wheels of justice to turn faster on blatant fucks like this, but that's not how the system works.

Trump is going to die in prison if he doesn't off himself first.

[–] firkin_slang_whanger@lemmy.world 37 points 1 year ago (1 children)

That's if he doesn't get elected president first. If he's on the ballot, he still stands a good chance of getting elected and then those charges may not stick. That's why he keeps pushing for further dates on his trials. Let's hope the wheels of justice move quickly this time.

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