If you report massive losses on your tax returns but massive profits on your bank loan applications

[Yavin4]

isn't that fraud?

[gopiscrap]

1. yes

[Rule of Claw]

2. Well

[Blue_true]

3. I believe that it is. I Not an attorney though. nt

[Wicked Blue]

4. And the last I heard, fraud is a criminal offense

[hlthe2b]

5. Yup... Cue Cyrus Vance et al. My guess is they've had these taxes for some time and are just

going through the hoops to make sure their obtaining is by the book.

[Squinch]

18. Maybe that's why they didn't take the tax returns when the judge told them they could have them.

I've been trying to figure out why they didn't, but if they had been tipped that this story was coming out it makes sense.

Because they didn't accept them at the time, they can't be accused of being the ones who leaked them to the Times.

[MustLoveBeagles]

6. Winner winner, chicken dinner

[Sneederbunk]

7. Why would an impeached liar and cheat commit fraud?

[Demsrule86]

8. I believe that is called fraud...and he must have falsified his tax returns because they are usually

required for loans.

[brush]

13. Dual returns...the banks get something different than what the IRS does.

Like two sets of books. trump counts on neither party knowing what the other gets, which is of course fraud and will eventually come to light.

[The Magistrate]

9. It Certainly Is, Sir

People are sitting jail for doing that even as we speak.

[Andy823]

10. There will be investigations

into that I am sure. Lying to the IRS is a crime. Remember Al Capone!

[LizBeth]

11. Yes, that would be criminal.

[bluestarone]

12. Well now could this be

an impeachable offense?

[Celerity]

14. yes, it is criminal fraud

https://www.bankrate.com/loans/personal-loans/bad-idea-lying-on-a-personal-loan-application/

What happens if someone lies on a personal loan application?

Knowingly providing false information on a loan application is considered lying and is a crime. For instance, putting an incorrect salary or falsifying documents would qualify as lying — and can impact you in serious ways. An example: In 2016, the Michigan attorney general’s office filed criminal charges against a state representative accusing him of producing fake income statements when he applied for a personal loan in 2010.

Rep. Brian Banks was charged with two counts of uttering and publishing false information and two counts of using “a false pretense” to get the $3,000 loan from Detroit Metropolitan Credit Union. The most serious of the charges carries a prison term of 14 years upon conviction.

Risks of lying on personal loan application

Going to prison for lying on an application is rare, but it does happen. For instance, a North Carolina woman was sentenced to 60 months in prison in 2015 after she pleaded guilty to providing false information regarding her income and assets to obtain personal loans. Prosecutors allege she used the money to help finance a $1.85 million home. And in 2014, an Ohio woman was sentenced to 14 years in prison for using other people’s identities to take out loans at LendingClub and other institutions. Even if your intent isn’t criminal, you could lose your loan.

Prosper says that 11 percent of the applications it verifies contain false or insufficient employment or income information. In those cases, the company cancels the loan before it is funded. With other companies, you may have to immediately repay loan funds you’ve received if the lender learns that you’ve misrepresented yourself. In addition to these criminal consequences, you also face a long list of other repercussions that could impact your financial future. For example, your credit score can take a large hit, and you may not be able to take out loans going forward.

[Progressive dog]

15. Most law abiding people would say it was fraud,

but Trump and his enablers will call it fake news.

[Baked Potato]

16. I think banks loan him money because he has leverage over CEOs.

Maybe ties in with Epstein and his Enquirer buddy Pecker.

[Yavin4]

17. Deutsche Bank loans him money because they use his properties to launder cash

from global criminals.