this post was submitted on 01 Nov 2023
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politics

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Highlights: Former President Donald Trump relied on a Forbes article to “prove” his net worth when placing a bid to buy the NFL's Buffalo Bills – a decade-old business move that came under scrutiny during his New York civil fraud trial on Tuesday.

K. Don Cornwell of Morgan Stanley testified in court that Trump distributed printouts from Forbes regarding the highest-paid entertainers to affirm his financial standing to Buffalo Bills executives after claiming a net worth of over $8 billion in an offer letter. The former president refused to disclose financial statements to bankers involved in his $1 billion bid for the football team in 2014.

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[–] Heresy_generator@kbin.social 102 points 1 year ago (6 children)

That's actually devious. He submitted incomplete and false documentation to Forbes as evidence of his worth and then used a Forbes article to try to convince banks.

Because submitting incomplete and false documentation to Forbes isn't a crime and trying to use a Forbes article as evidence of your finances isn't a crime (though it is pathetic, embarrassing, and dumb) but taking out that middle step and submitting incomplete and false documentation directly to a bank is fraud.

[–] jeffw@lemmy.world 32 points 1 year ago (2 children)

That's not really how crimes work afaik. You can't just add an extra step and say you're innocent. That's like if I put a car in neutral at the top of a cliff and waited for someone else to bump into it and make it roll into somebody, then said they were guilty of murder, despite my intent clearly being murder/manslaughter.

[–] angelsomething@lemmy.one 21 points 1 year ago (2 children)

I agree but we all know what you’ve described is exactly what trump thought.

[–] Wrench@lemmy.world 3 points 1 year ago

And it's certainly enough to give prosecutors pause when trying to bring a case.

[–] hemmes@lemmy.world 1 points 1 year ago

Right, we're all in agreement here but it does make you want to spell it out again due to the share madness of it all

[–] Wilibus@lemmy.world 1 points 1 year ago

This type of argument is why establishing motive is so integral to criminal prosecution.

[–] SatanicNotMessianic@lemmy.ml 18 points 1 year ago

I’m not too sure about the second part there. We can see if/how they pursue it, but I’m pretty sure using something like a Forbes article containing lies in order to lie in court testimony (or even to fraudulently enter into a contract is fraud.

He loves to skirt the line on these things. He’s watched so many mafia movies literally all of his lawyers have said that’s his technique. He doesn’t say “make fake votes,” he says “I need you to find some votes.”

That’s the level of criminal mastermind it takes to run the United States and the gop.

[–] FuglyDuck@lemmy.world 15 points 1 year ago

Because submitting incomplete and false documentation to Forbes isn’t a crime and trying to use a Forbes article as evidence of your finances isn’t a crime (though it is pathetic, embarrassing, and dumb) but taking out that middle step and submitting incomplete and false documentation directly to a bank is fraud.

pretty sure, that middle step is still bank fraud. Submitting information you know to be false is fraud. Doesn't matter if there was an extra step or not. though the bank was pretty fucking stupid for accepting it- an that's the crux of trump's legal defense. (and his defense is hilariously bad.)

[–] partial_accumen@lemmy.world 15 points 1 year ago (1 children)

That’s actually devious. He submitted incomplete and false documentation to Forbes as evidence of his worth and then used a Forbes article to try to convince banks.

Post hoc ergo propter hoc

[–] originalucifer@moist.catsweat.com 6 points 1 year ago (1 children)
[–] ripcord@kbin.social 5 points 1 year ago (1 children)

"No. I was just clearing my throat"

[–] Tronn4@lemmy.world 1 points 1 year ago

Oh Yogurt the wise!

[–] Crackhappy@lemmy.world 5 points 1 year ago (1 children)

You are totally correct. I never thought of that, that man is a genius. Lying to one person and getting them to write my lies totally obfuscates my years of lying to everyone else. Simple genius.

[–] Crackhappy@lemmy.world 3 points 1 year ago

While you may think what I just said was sarcasm, what you may not know is that I just took an IQ test. It came back negative.

[–] Blackmist 2 points 1 year ago

The man is just an Anna Sorokin who never got caught.

[–] dhork@lemmy.world 30 points 1 year ago (3 children)

Part of me wonders whether if the NFL would have just let Trump buy the Bills, if he would have been too busy hanging out with Ryan Fitzpatrick and Kyle Orton to run for President. Maybe us Bills fans should have "taken one for the team"....

[–] TheJims@lemmy.world 18 points 1 year ago

Yeah but hasn’t buffalo suffered enough?

[–] Leeny@lemmy.ca 4 points 1 year ago (1 children)
[–] dhork@lemmy.world 1 points 1 year ago

Dude went to Harvard, he knows how to pump those Ivy league connections

[–] ReluctantMuskrat@lemmy.world 2 points 1 year ago

Whatever else he did, he'd have probably been spending most of his time with the cheerleaders.

[–] CharlesDarwin@lemmy.world 16 points 1 year ago (1 children)

Weird, I thought all the failing media was "fake news".

[–] shalafi@lemmy.world 9 points 1 year ago* (last edited 1 year ago)

Got your timeline mixed up Bubba.

Forbes was bigly financial media back then. Totally valid estimate of individual worth. Hell, I would've put it in a prospectus.

Until a Russian billionaire bought it. Now it's fake news.*

* Trump is free to roll this back given, uh, recent, uh, circumstances. Caveat: Trump is not beholden to any sort of Russian influence. It is what it is. Coincidence. If he says that. I guess.

(Fuck me. I can't even sustain the sarcasm and irony in this timeline. Agent 3733: Done here, punch me out, coming home. Let President Ocasio-Cortez I'll be back for dinner.)

[–] Fandangalo@lemmy.world 10 points 1 year ago

Pretty sure “intent to deceive” is on his face every day with that horrible tanner/bronzer makeup.