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    HomeBreakingDonald Trump Finds Smoking Gun That Destroys Case Against Him

    Donald Trump Finds Smoking Gun That Destroys Case Against Him

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    Letitia James, the radical, social justice-obsessed Attorney General of New York, has been revealed as a loser who has repeatedly failed in her attempts to take down President Donald J. Trump. If Trump is correct in his most recent court papers, this most recent attempt by the insane AJ might not be an outlier.

    In official legal documents provided to investors, Trump claims he warned individuals of the very things James is now trying to convince the country he was trying to hide by alleging he displayed dishonest business practices.

    In order to obtain hundreds of millions of dollars in bank loans and tax incentives, James accused Trump of systematically inflating the worth of his properties. She is asking a judge to impose fines of $250 million and restrict the Trump family from buying, selling, renting out, or borrowing money in New York.

    The result is not guaranteed in any way. Trump has a number of alternatives for retaliation in response to the radical left AG’s highly politicized activities.

    “Donald Trump says a simple disclaimer gives him immunity from fraud. Could he have a point? Trump’s net-worth statements start with disclaimers that essentially warn lenders: Check my math,” Business Insider’s Lauren Italiano wrote.

    The unsealing of Trump’s financial statements last week as part of James’ fraud lawsuit against him has been ridiculed in the eyes of the general public, reducing the disgraced James to nothing more than an obnoxious social justice warrior.

    Trump recently told Sean Hannity of Fox News that the AG has “no case” and that his financial disclaimers to investors free him of culpability.

    Italiano covered the information and added:

    “Donald Trump hunched forward in his gold-painted, spindle-backed chair under the chandeliers of Mar-a-Lago’s glittering grand ballroom and told Sean Hannity why New York’s attorney general, who’d sued him earlier that day, has “no case.”

    The Fox News host was informed by Trump, “We have a disclaimer.”

    “Right on the front. And it basically says, you know, get your own people. You’re at your own risk … It may be way off.”

    Business Insider provided the following images to support Trump’s claim:

    Trump was referring to the 20-page “Statements of Financial Condition” at the center of AG Letitia James’ massive lawsuit against the former president, his three oldest children, and his real estate and golf resort empire. The disclaimer fills the second and third pages of Trump’s annual declarations of net worth.

    James labels these claims as “fraudulent” and claims that they are all supported by impossible math that tricked banks into giving hundreds of millions of dollars to Trump and the New York-incorporated Trump Organization over the previous ten years.

    However, Trump informed Hannity that it wouldn’t matter because each Statement of Financial Condition starts with a warning.

    The disclaimers basically indicate Trump told Hannity, “Be careful.”

    Even Business Insider’s own analysts assert that Trump’s reporting may be accurate.

    Trump claimed to Hannity that he had “the smoking gun” to prove his assertion regarding the disclaimer:  “Because it may not be accurate. It may be way off … get your own people. Use your own lawyers,” Trump continued. Don’t depend on us.

    “Former financial crimes prosecutor Armen Morian, who worked for the AGs office from 2006 to 2019 before founding Morian Law, believes Trump has a point.

    Sure, the annual Statements of Financial Condition may be filled with real whoppers, including all those years — from 2012 through 2016 — when they tripled the actual square footage of Trump’s triplex atop Manhattan’s Trump Tower, adding as much as $200 million a year to the former president’s net worth,”according to Italiano.

    However, the disclaimers warn banks to review the figures twice before relying on them to determine how much money to lend and at what interest rate, according to Morian.

    In order to provide more information about the defense, Yahoo News engaged legal professionals like Tristan Snell, the main prosecutor on the AG office’s independent, productive investigation into Trump University:

    Trump’s team will undoubtedly make the case that a property’s value is arbitrary in an effort to defeat James’ lawsuit. However, as James is saying Trump did for years, you cannot simultaneously low-ball (for a tax deduction) and high-ball (to impress lenders) prices for the same property, the former prosecutors argued.

    McCallion said that “they can’t both be true” at the same time. And to demonstrate fraud, “you don’t have to prove which one was true and which one was fake.”

    A valuation cannot be created out of nothing.

    Snell said, “There’s subjective, and there’s complete fantasyland.”

    More on this story via The Republic Brief:

    Fantasyland, as in Trump’s objectively false 2015 claim that his Trump Tower triplex on Manhattan’s Fifth Avenue spanned 33,000 square feet. It was actually 11,000 square feet, a whopper of an exaggeration first reported by Forbes.

    Tripling his square footage let Trump claim his triplex was worth $327 million in collateral for a bank loan. CONTINUE READING…

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