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Thread: Proven In Court - Trump is a fraudster

  1. #1
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    Default Proven In Court - Trump is a fraudster

    A sitting president of the United States has written a check for $25 million to a group of Americans who credibly claimed in court that he ripped them off by perpetrating a fraud.


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    Tom

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    Default Re: Proven In Court - Trump is a fraudster

    At least those people Trump fooled have got a cash settlement.
    The American public he fooled will get nothing.

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    Default Re: Proven In Court - Trump is a fraudster

    Sure they do, they get to have an America that's "Great" again. That's got to be worth something no?
    If one advances confidently in the direction of his dreams, and endeavors to live the life which he has imagined, he will meet with a success unexpected in common hours.
    -Henry David Thoreau-

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    Default Re: Proven In Court - Trump is a fraudster

    The Washington Postreported in 2015 about students sometimes “max[ing] out their credit cards to pay tens of thousands of dollars for insider knowledge they believed could make them wealthy.”
    Isn't participating in 'insider knowledge' to gain money a crime?
    If it is were any 'students' charged?

    Why didn't the Attorney General charge Mr Trump with a criminal fraud case?
    Enjoy a good rum on the rocks at sunset.

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    Default Re: Proven In Court - Trump is a fraudster

    Worth a hollow laugh, maybe.

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    Default Re: Proven In Court - Trump is a fraudster

    Bet he finds a way not to pay.

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    Default Re: Proven In Court - Trump is a fraudster

    Quote Originally Posted by Ian McColgin View Post
    Bet he finds a way not to pay.
    Like he got Cohen to pay off Stormy?

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    Default Re: Proven In Court - Trump is a fraudster

    Quote Originally Posted by Rum_Pirate
    Isn't participating in 'insider knowledge' to gain money a crime?
    If it is were any 'students' charged?

    Why didn't the Attorney General charge Mr Trump with a criminal fraud case?
    Thnx for the laffs!
    50% of people are below average in intelligence.


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    Default Re: Proven In Court - Trump is a fraudster

    Quote Originally Posted by Ian McColgin View Post
    Bet he finds a way not to pay.
    True. You can get an award but then you have to go to Court again to sue for non-payment. Then you (might) get paid some, then you go to Court again to sue for balance, then you get some, eventually it would probably cost you more to get final balance.

    Sometime the Courts seem to be on the side of the criminals.
    Enjoy a good rum on the rocks at sunset.

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    Default Re: Proven In Court - Trump is a fraudster

    Quote Originally Posted by Rum_Pirate View Post
    True. You can get an award but then you have to go to Court again to sue for non-payment. Then you (might) get paid some, then you go to Court again to sue for balance, then you get some, eventually it would probably cost you more to get final balance.

    Sometime the Courts seem to be on the side of the criminals.
    At least you are characterizing Trump correctly.
    Tom

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    Default Re: Proven In Court - Trump is a fraudster

    Quote Originally Posted by Tom Wilkinson View Post
    At least you are characterizing Trump correctly.
    Also the US justice system.
    Enjoy a good rum on the rocks at sunset.

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    Default Re: Proven In Court - Trump is a fraudster

    Quote Originally Posted by Rum_Pirate View Post
    Isn't participating in 'insider knowledge' to gain money a crime?
    No. Silly wording; the claim was that they would be taught techniques for real estate investing based on Mr Trump's supposed expertise, They weren't; it was a complete scam.
    Last edited by Keith Wilson; 04-16-2018 at 10:50 AM.
    "For a successful technology, reality must take precedence over public relations,
    for nature cannot be fooled."

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    Default Re: Proven In Court - Trump is a fraudster

    Quote Originally Posted by Rum_Pirate View Post
    Isn't participating in 'insider knowledge' to gain money a crime?
    No.

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    Default Re: Proven In Court - Trump is a fraudster

    None of this is news to most of us. As for the Trump cheerleaders, they won't care.
    Elect a clown expect a circus

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    Default Re: Proven In Court - Trump is a fraudster

    Quote Originally Posted by ccmanuals View Post
    A sitting president of the United States has written a check for $25 million to a group of Americans who credibly claimed in court that he ripped them off by perpetrating a fraud.
    Did it bounce?
    The best statement I've seen from this latest carnage came from a student who lived through it -

    "My generation will not allow this to continue!"

    Remember voting age is 18. Read it and weep reds.

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    Default Re: Proven In Court - Trump is a fraudster

    Quote Originally Posted by birlinn View Post
    At least those people Trump fooled have got a cash settlement.
    The American public he fooled will get nothing.
    We'll get something. We just won't like it.
    How do we form a mutiny? Our new captain is navigating poorly.

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    Default Re: Proven In Court - Trump is a fraudster

    Quote Originally Posted by Rum_Pirate View Post
    Isn't participating in 'insider knowledge' to gain money a crime?
    Quote Originally Posted by Dan McCosh View Post
    No.
    So why did the following (among others) go to jail for using insider knowledge/trading?

    Martha Stewart

    Michael Milken

    R, Foster Winans

    Jeff Skilling

    etc ?
    Enjoy a good rum on the rocks at sunset.

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    Default Re: Proven In Court - Trump is a fraudster

    Is that willful ignorance or just plain old stupidity?
    The best statement I've seen from this latest carnage came from a student who lived through it -

    "My generation will not allow this to continue!"

    Remember voting age is 18. Read it and weep reds.

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    Default Re: Proven In Court - Trump is a fraudster

    'Insider trading' is a technical/legal term for a very specific type of stock market fraud. 'Inside information' as described in the Trump University advertising is not at all the same thing, even if it were real.
    "For a successful technology, reality must take precedence over public relations,
    for nature cannot be fooled."

    Richard Feynman

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    Default Re: Proven In Court - Trump is a fraudster

    Quote Originally Posted by John of Phoenix View Post
    Is that willful ignorance or just plain old stupidity?
    Schroedinger's cat?
    If I use the word "God," I sure don't mean an old man in the sky who just loves the occasional goat sacrifice. - Anne Lamott

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    Default Re: Proven In Court - Trump is a fraudster

    Quote Originally Posted by Rum_Pirate View Post
    So why did the following (among others) go to jail for using insider knowledge/trading?

    Martha Stewart

    Michael Milken

    R, Foster Winans

    Jeff Skilling

    etc ?
    Don't be daft lad! Insider TRADING, ie working the stock market because you know in advance that certain deals, buy-outs etc. are going down, is illegal. Learning stuff at college (or not) from people who understand the business, is normal. Oops, Keith beat me to it
    Somewhere between Murder and Suicide, there is a place called Merseyside.

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    Default Re: Proven In Court - Trump is a fraudster

    On second thought, the cat's dead.
    If I use the word "God," I sure don't mean an old man in the sky who just loves the occasional goat sacrifice. - Anne Lamott

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    Default Re: Proven In Court - Trump is a fraudster

    Quote Originally Posted by isla View Post
    Don't be daft lad! Insider TRADING, ie working the stock market because you know in advance that certain deals, buy-outs etc. are going down, is illegal. Learning stuff at college (or not) from people who understand the business, is normal. Oops, Keith beat me to it
    My post was in relation to this:
    "The Washington Postreported in 2015 about students sometimes “max[ing] out their credit cards to pay tens of thousands of dollars for insider knowledge they believed could make them wealthy.”
    Enjoy a good rum on the rocks at sunset.

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    Default Re: Proven In Court - Trump is a fraudster

    Quote Originally Posted by Rum_Pirate View Post
    My post was in relation to this:
    "The Washington Postreported in 2015 about students sometimes “max[ing] out their credit cards to pay tens of thousands of dollars for insider knowledge they believed could make them wealthy.”
    I know. That's not illegal. It passes for education.
    But what Martha Stewart did involved stock trading.
    Michael Milken's conviction followed a guilty plea on felony charges for violating U.S. securities laws.
    Last edited by isla; 04-16-2018 at 11:38 AM.
    Somewhere between Murder and Suicide, there is a place called Merseyside.

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    Default Re: Proven In Court - Trump is a fraudster

    Quote Originally Posted by Keith Wilson1
    'Insider trading' is a technical/legal term for a very specific type of stock market fraud. 'Inside information' as described in the Trump University advertising is not at all the same thing, even if it were real.
    You mean to tell me Rum_Pirate was being serious??? Egad!
    50% of people are below average in intelligence.


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    Default Re: Proven In Court - Trump is a fraudster

    Quote Originally Posted by Sailor View Post
    Sure they do, they get to have an America that's "Great" again. That's got to be worth something no?
    Indeed! How could the world survive without American greatness? Unimaginable.
    There is no rational, logical, or physical description of how free will could exist. It therefore makes no sense to praise or condemn anyone on the grounds they are a free willed self that made one choice but could have chosen something else. There is no evidence that such a situation is possible in our Universe. Demonstrate otherwise and I will be thrilled.

  27. #27
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    Default Re: Proven In Court - Trump is a fraudster

    Rum_Pirate may be naive about the legal definition of "insider knowledge" in capital markets versus the more general "inside knowledge" in various markets, here real estate, which is all about understanding the market itself. Trump, with his flamboyant lack of concern for what's legal and what's not, is also blurry on this point.

    In a nutshell, using private knowledge to gain an unfair competative edge is, like using a mirror to check an opponent's poker hand, the illegal insider trading. Having a deep understanding of a given market's dynamic is perfectly legal insider information.

    When he taught economics at Stony Brook, Robert Lekachman's fameous markets course involved playing various markets with monopoly money, though one of my friends used a scholarship grant and terrifying leverage as his ante in real estate, in the course of a semester lost two small fortunes but gained three. Got an A. Point is, Lekachman was a sort of Keynsian socialist who believed in strong market regulation who was worshipped by free market radicals for his insights into what a market was about even as they excoriated his prescriptions. His lecture on wheat futures during Caeser's Gallic Wars helped many future insiders see the romance and excitement of what to outsiders sounds dry and boring.

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    Default Re: Proven In Court - Trump is a fraudster

    Quote Originally Posted by isla View Post
    I know. That's not illegal. It passes for education.
    Wow a thin line there.

    Now realize that it is basically very poor reporting (in a previous post) by the Washington Post reporter, probably wanting to refer to insider knowledge of the workings of a particular 'industry', but put a 'negative' spin on the article (sell more 'papers' and advertising).
    Enjoy a good rum on the rocks at sunset.

  29. #29
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    Default Re: Proven In Court - Trump is a fraudster

    Insider trading is NOT anything like insider knowledge.

    The former is illegal, the latter is not.

    It's not complicated.
    The best statement I've seen from this latest carnage came from a student who lived through it -

    "My generation will not allow this to continue!"

    Remember voting age is 18. Read it and weep reds.

  30. #30
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    Default Re: Proven In Court - Trump is a fraudster

    Wow a thin line there.
    Not at all a thin line, not even close. 'Insider trading' has a very specific legal definition, and is a crime. 'Inside information' is a vague general term with no necessary legal implications.
    "For a successful technology, reality must take precedence over public relations,
    for nature cannot be fooled."

    Richard Feynman

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    Default Re: Proven In Court - Trump is a fraudster

    Quote Originally Posted by Keith Wilson View Post
    Not at all a thin line, not even close. 'Insider trading' has a very specific legal definition, and is a crime. 'Inside information' is a vague general term with no necessary legal implications.
    When your entire understanding of the world is muddy, it can be hard to discern a line that is quite clear to most.
    David G
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    Default Re: Proven In Court - Trump is a fraudster

    Quote Originally Posted by Rum_Pirate View Post
    My post was in relation to this:
    "The Washington Postreported in 2015 about students sometimes “max[ing] out their credit cards to pay tens of thousands of dollars for insider knowledge they believed could make them wealthy.”
    I think they used that term because it's what Trump U promised - that students would gain "insider knowledge" - IOW - that they'd learn the secrets.

    Of course, it doesn't take a degree in rocket surgery to file bankruptcy multiple times, or to stiff subcontractors regularly, but I'm sure the prospective students were blinded by the lights.
    "If it ain't broke, you're not trying." - Red Green

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    Default Re: Proven In Court - Trump is a fraudster

    Quote Originally Posted by Garret View Post
    I'm sure the prospective students were blinded by the lights.
    A common symptom of those who operate guided by faith rather than facts.
    One of the most enduring qualities of an old wooden boat is the smell it imparts to your clothing.

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    Default Re: Proven In Court - Trump is a fraudster

    Quote Originally Posted by Rum_Pirate View Post
    My post was in relation to this:
    "The Washington Postreported in 2015 about students sometimes “max[ing] out their credit cards to pay tens of thousands of dollars for insider knowledge they believed could make them wealthy.”
    Come on Rum. Even you know the difference between knowledge and trading.
    Tom

    "Leave the gun, take the cannolis"

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    Default Re: Proven In Court - Trump is a fraudster

    I have mentioned on here before. My 16-year-old son got a flyer from Trump University, he saw it as a get rich quick scheme. I went with him to the seminar, hoping that he would figure out it was a scam.
    It was really interesting. The flyer implied that Trump himself would be there, of course he wasn’t. We all got a copy of the book the art of the deal. The scheme Lowe’s by real estate get the seller to hold the second mortgage as a deposit. Rent the house out, make millions. I was very pleased my son so I just complete scam, but I was completely surprised when he asked who it further interest about 3/4 the room but the hands of soda scary that people could be so informed. I’m glad he got called out.
    -

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