Episode Transcript
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Speaker 1 (00:00):
A New York judge found Donald Trump and his adult
sons liable for repeatedly committing fraud for years by defrauding
banks and overvaluing his assets. The judge canceled the Trump
Organization's business certification, which means Trump could possibly lose control
of his New York based businesses, to include his office businesses,
(00:22):
office buildings, his golf clubs, and Trump Tower. The judge
rule that Trump inflated his net worth to be between
eight hundred and twelve million and two point two billion.
Trump's trial is set to begin October second, and he
may have to pay two hundred and fifty million dollars
in monetary damages. Trump's lawyers, of course, planned to appeal
the judge's ruling.
Speaker 2 (00:44):
Well, this is the.
Speaker 3 (00:45):
First time who had they really got him on you
because this is all in paperwork that he's turned in.
Speaker 2 (00:52):
This is going to stick, ain't.
Speaker 3 (00:56):
You can't say anything about this is politicized enoughing of
his assets.
Speaker 2 (01:01):
He had the square footage.
Speaker 3 (01:03):
At fifteen thousand dollars per square foot and that just
doesn't make sense, and so they looked that up.
Speaker 2 (01:10):
That was over value.
Speaker 3 (01:12):
Then he said his penthouse apartment was which was thirteen
some thousand square feet.
Speaker 2 (01:21):
He put it at thirty three thousand square.
Speaker 1 (01:23):
Feet, just lying, just lying, lying line.
Speaker 3 (01:27):
So lie lying, you have said this worth fifteen thousand
dollars of square foot.
Speaker 2 (01:33):
Do you have any idea how expensit that is? Man
for every square foot thousand dollars? He knows we ain't
got to lie.
Speaker 1 (01:47):
Yes, he does on a regular about everything. The news
story is Donald Trump tells the truth. That is a
news story right there.
Speaker 2 (01:57):
And you don't believe that? Uh huh wow. Yeah.
Speaker 1 (02:02):
So he inflated his net worth to be between eight
hundred twelve million and two point two billion because he
I guess he wanted to be billionaire status at that point.
Speaker 2 (02:10):
Right, So let me give you an exact.
Speaker 3 (02:14):
If you got something that's fifteen thousand square feet, you're
saying that's the value. And you got a five thousand
square foot apartment and you say it's value at fifteen thousand.
What you're telling us here is that apartment is seventy
five million.
Speaker 1 (02:30):
Dollars square feet.
Speaker 2 (02:38):
No that I know how to do.
Speaker 3 (02:41):
So check this out at fifteen thousand dollars in square foot,
and he overvalued it at thirty three.
Speaker 2 (02:49):
Thousand square feet.
Speaker 3 (02:51):
That property worth four hundred and ninety five million.
Speaker 1 (02:55):
Five thousand square feet.
Speaker 3 (02:57):
No, thirty three thousand square feet. Okay, he said it was,
and it wasn't. Thirty three thousand square feet. That's four
hundred and ninety five million dollars. You gotta go jail
for that.
Speaker 1 (03:07):
Yeah, yeah, Well, his lawyers planned to appeal, so we'll see.
Coming up next, we'll switch gears here and Roscoe Wallace
will be in the building right after this.
Speaker 2 (03:18):
You're listening Hard Morning Show