Page 3 - Material Misrepresentation News Today

Denials? >> it doesnt -- what do you mean, denials of what? everything. he said he didnt pay off stormy daniels and did he. >> i said i would not talk about stormy daniels on your show. i dont appreciate it coming up. >> listen. >> i do not opine about like the media, i do not opine this things i do not know about. >> my only about that we can be talking about what he ate for breakfast. theres a material misrepresentation that comes from the white house. do you understand why people are skeptica...

>> i do not opine about like the media, i do not opine this things i do not know about. >> my only about that we can be talking about what he ate for breakfast. theres a material misrepresentation that comes from the white house. do you understand why people are skeptical when they say were on the up and up here how weve conducted ourselves? >> im talking about this case and the special counsel. im saying it doesnt matter if one day the president says he fired comey because he wouldnt come out p...

Re-evaluating. i believe you think paul manafort might also have that opportunity. >> all depends on whos affected by the actual wire taps. im not privy to that. were still left with a lot of speculation. but if there are intercepts over the course of those many months that are going to be used in court by a prosecution, then this motion almost writes itself for the defense, the challenges. one way they ever get in trouble is either by lying or making a material misrepresentation. >> dana: right...

South florida thank god. have you seen st. maarten? have you seen it? you should google it now. thats what happens when a 185 comes by. everything is gone. every single thing is gone. that didnt come to south florida. because the mountains of cuba ripped the storm up and kept it from happening. if it wasnt for those mountains, we would have a humanitarian disaster on our hands. spreading the fake news that nothing is wrong down there is counter productive and un-american. right? >> absolutely ri...

>> i cannot see a violation, it warrants an investigation. you have been testing all morning on what is the possible subjects and no one has really responded. >> maybe the subject included private business deals or -- >> okay, we are lose ing the auo of avery there. richard, what were you going say? >> it is a violation because it is a material misrepresentation to that national security clearance form. it is a material misrepresentation to leave out when they ask you the last seven years you mu...

I dont know if youve spent a lot of time reading -- >> i dont recognize -- >> theyre the glossy pamphlets. you get it. this is what your offering is. the martin act in new york doesnt require theres an intent to defraud, it requires theres actually -- >> or any fraud at all. just material misrepresentation. >> material misrepresentation. if you look at that thing and says this is for the lincoln tunnel and show a judge or jury that map weve been showing you, you know, youre halfway to a case alr...

Intent to defraud, it requires theres actually -- >> or any fraud at all. just material misrepresentation. >> material misrepresentation. if you look at that thing and says this is for the lincoln tunnel and show a judge or jury that map weve been showing you, you know, youre halfway to a case already. >> absolutely. and, you know, the issue here is really, as the prosecutor is looking at it, is this creative politicking, creative money managing or something thats criminal? >> heres the bigger c...

The the second issue is me as investor, ibk, or aca, i have a feud uribery obligation as a buyer to do my homework. thats my responsibility. but in the united states, we have the securities and exchange commission act. we have laws that make securities very different than used cars or anything else. >> and thats a security. >> this is a security. >> which is a group of obligations to a company, it could be debt, it could be anything. can i interrupt you very quickly. the vote came out of the sen...

Regional director of the u.s. securities and exchange commission in new york, if i recall correctly. thats why we invited you. if you design an investment vehicle and you sell it to clients who can only make money if it gains in value but secret heat its designed to lose value and you dont disclose that information, isnt that a material misrepresentation of fact and isnt that fraud? >> absolutely, gregg. thats exactly what the sec is alleging that goldman sachs did. theyre saying that goldman sa...