it's very cool and very legal to lie to the bank to get a loan, right
- Thread starter UncleBuck
- Start date
TacoMac
Well-Known Member
It is illegal, although the actual lie itself is open to different penalties.
For instance, a false entry that can be construed as a mistake ( like you say you made 175,000 salary when you actually make 169,000 ) is not taken seriously.
But should you make egregious entries (you value a building at 50 million dollars when it's only worth 5 million dollars) then you're in trouble. Lies of that magnitude are considered forgery.
Now, should you default on the loan in question you add fraud to the forgery charges.
So, yeah. You can do serious time and face serious fines for it.
For instance, a false entry that can be construed as a mistake ( like you say you made 175,000 salary when you actually make 169,000 ) is not taken seriously.
But should you make egregious entries (you value a building at 50 million dollars when it's only worth 5 million dollars) then you're in trouble. Lies of that magnitude are considered forgery.
Now, should you default on the loan in question you add fraud to the forgery charges.
So, yeah. You can do serious time and face serious fines for it.
dandyrandy
Well-Known Member
But to funnel money from Putin via deutch bank it's required.
TacoMac
Well-Known Member
That's ridiculous. It was a straight up loan. It had nothing to do with Putin. That's not how money laundering is done at all
UncleBuck
Well-Known Member
what if you suddenly listed a house that you valued at $10-15 million for years as being worth $250 million in order to try to get a billion dollar loan.
no biggie, right?
tangerinegreen555
Well-Known Member
Actually, I heard Rachel say it was $291 million one night.
But what's an extra $41 million in lies anyway, right?
What really bothers me is that there's soooo fucking many lies that you can't keep track and it becomes numb white noise. It's a fucking strategy.
UncleBuck
Well-Known Member
i'm sure sdny is not interested in blatant bank fraud
TacoMac
Well-Known Member
That's the same thing. That would be forgery. If he actually got the loan and didn't pay it back, you would add fraud to the forgery charge.
It isn't fraud if nobody loses money or something of value in the transaction.
it's called 'cooking the books'..like my last company did because all of their customers are from real estate industry and according to my attorney, like trump, none of them pay their bills- none.
it's cash up front from renters and those on vacay; the cash disappears into Hilton and Marriott pockets.
i'm sorry i digress..what was the question?
schuylaar's dowsing rod keeps pointing to the OOffice
SDNY is mapping all WH exits and assigning RICO agents to cuff-n-stuff as we speak, indictments in hand so secret service will stand down.
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