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Discussion » Statements » Rosie's Corner » Inflating the value of assets to get bank loans is ILLEGAL/FRAUDULENT. Deflating assets to minimize taxes is ILLEGAL/FRAUDULENT. Do you?

Inflating the value of assets to get bank loans is ILLEGAL/FRAUDULENT. Deflating assets to minimize taxes is ILLEGAL/FRAUDULENT. Do you?

There is a mansion don owns in Bedord, New York called 7 Springs. The don originally paid $7.5 million for it sometime in the 1990's. It naturally rose in value over the years. In  2012 the don valued it at $ 291,000,000 on some loan document to Deutsche bank I believe. In 2013 he valued it at $25-$50,000,000. Don't know what kind of financial document it was..maybe to the IRS. So the don committed a felony at the bank and tried to cheat the IRS out of tax monies. He did tht apparently regularly. He'd inflate when he wanted Forbes magazine to list him as one of the wealthiest folks and deflate it when it suited him. I expect y'all do that don'tcha? Now inflating by a quarter BILLION bucks is very cheeky and brazen. But then why not go all the way when you defraud? The don goes all the way all the time.

Posted - March 1, 2019

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