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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]8th Amendment violation on its face. $454 million in assessed damages for no damages incurred or claimed.[/quote]

Just like Trump continuing to push his unfounded and false stolen election claims, you keep pushing this stupid "no damaged" claim.

Yes, the banks were not damaged.  [b]They used the estimates provided by the Trump organization to give him favorable loans. [/b] The crime was that he then use a different set of assessments for tax purposes.  And using two sets of different assessments constitutes tax fraud.  The damages were that he fraudulently claimed his properties were worth less than their assessed value, he provided falsified documents for tax purposes, he defrauded the government and the tax payers of NYS by paying less than the appropriate taxes than he owed.   So there were definitely damages and he was assessed a civil penalty for the tax fraud and failing to pay the appropriate amount of taxes.

[/quote]

Any bank that uses a borrower's valuation of property is engaging in an unsafe and unsound practice and should be sanctioned.  They always use their own or third party appraisals.  Do you think a bank will give you a mortgage based on your estimate of what it is worth?

Likewise, tax authorities make their own property assessments for determining property taxes due.  So I have never understood the argument that tax fraud was committed. Perhaps someone who is arguing this can explain it?
[/quote]

This is incorrect.

Trump violated a NYS statute: executive law 63(12). It’s been on the books since 1956. It may be used against persons who engage repeatedly in fraudulent or illegal business activities in the state of New York. That’s it. Nothing about tax fraud.

Shkreli is one of the other high profile persons found liable. [/quote]

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