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Discussion and Debate
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Politics
American Politics
Grand jury to weigh evidence of criminal charges against Trump Organization
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<blockquote data-quote="GreatLakes4Ever" data-source="post: 75976072" data-attributes="member: 415969"><p>Too know how much a commercial property is worth requires knowledge of how much money it brings in. Only Trump’s business would know that so it has to report it to both banks (for loan applications) and the IRS (for tax purposes). It is alleged that Trump purposely over reported how much he was bringing in when he was talking to banks so they would give him a higher valuation (this is bank fraud). It is also alleged Trump would under report how much he was bringing in when he was talking to the IRS so they would give him a lower valuation (this is tax fraud). Both have you sign something that says the numbers you gave them are accurate to the best of your knowledge and it is a punishable crime if you are lying.</p></blockquote><p></p>
[QUOTE="GreatLakes4Ever, post: 75976072, member: 415969"] Too know how much a commercial property is worth requires knowledge of how much money it brings in. Only Trump’s business would know that so it has to report it to both banks (for loan applications) and the IRS (for tax purposes). It is alleged that Trump purposely over reported how much he was bringing in when he was talking to banks so they would give him a higher valuation (this is bank fraud). It is also alleged Trump would under report how much he was bringing in when he was talking to the IRS so they would give him a lower valuation (this is tax fraud). Both have you sign something that says the numbers you gave them are accurate to the best of your knowledge and it is a punishable crime if you are lying. [/QUOTE]
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Grand jury to weigh evidence of criminal charges against Trump Organization
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