Posted on 09/30/2023 5:29:22 AM PDT by SeekAndFind
It was a given when a judge ruled against Donald Trump on the suit that New York State Attorney General Letitia James filed, alleging that Trump defrauded banks to obtain loans. The ruling revealed two interesting and important things about how leftists and their fellow travelers use the legal system and about the ideological corruption of leftist judges.
It goes without saying that the verdict was a joke. The claim was that Trump lied to lenders to get better loan terms. Interestingly, none of the lenders complained, and Trump paid back every penny. More than that, commercial lenders have a due diligence responsibility, meaning they’re supposed to do their own valuations before lending millions of dollars. At Trump’s level, lying is virtually impossible.
Still, it should have been a big story: A judge claims Trump committed fraud and banned him from conducting business in New York, the state where most of the properties Trump developed exist. You’d think that this would have been news fodder for days. I mean, this is the ex-president (or, for some of us, the current president) and one who, before his presidency, was New York’s biggest and most famous real estate maven. And yet, if you paid attention to the news, the coverage was de minimis.
The silence means a couple of things: First, it shows that the decision was timed to be a temporary distraction from the now-impossible-to-ignore news about Joe Biden’s selling out American interests for profit. And if anyone is wondering, what Biden did was worse than what Spiro Agnew did when he was Vice President. Agnew engaged in age-old graft. Based on all the information available, Biden literally sold his own country down the river to line his pockets.
(Excerpt) Read more at americanthinker.com ...
A warning for conservatives who still give woke states any legal jurisdiction over themselves. Sell your property there and get out. Wish Trump had severed his connection with that state decades ago. He was probably still bedazzled by the NY City of yesteryear.
Also New York State had to completely bypass the statute of limitations in this case which is only six years for fraud. If they’re not going to follow the law, they leave few options.
See Nbr 8. Romania’s ex-dictator.
The judge is not crazy. Nor is he stupid.
He’s EVIL.
I don’t think it was the prosecution that came up with anything. I think it was the judge.
“He’s EVIL”
Classic example of a pedophile, wonder which bus station is his favorite.
He looks like the type that has been insanely jealous of Trump for years and now can get his revenge. He also has no idea about running a business.
I hope that President Trump takes this horrible ruling all the way to the USSC. Talk about hate, this so called judge shows all of us exactly what hate is all about.
If the person you make a contract with does not do their own due diligence about the contract, and later does not like something about the contract, they cannot say you defrauded them, unless you misrepresented facts in the contract. But a real estate evaluation is an opinion, not a fact and your due diligence means you get another opinion for yourself. If banks did not do that in Trump’s case, they erred, they were not “defrauded”.
The judge is an idiot ruling in matters they do not understand, or just outright lying about the requirements of law, in a political agenda.
sk anyone in NYC who the consumer advocate is and they’ll say that Puerto Rican guy on Channel 2 ……. Quote of the day
Thanks for the info
BETTER!!!
The strw that breaks the camels back gets closer every day and thats what they want
According to the ruling, Trump’s team continued to put the higher valuation on financial disclosures, thus bringing it under the statute.
With its present restrictions, it is valued at a lower amount as a property.
Should Trump successfully petition to rezone and sell, it is worth $1B.
“If I was DJT I would ask the SCOTUS to hear this appeal, for it is a major constitutional issue, IMHO.”
What is the constitutional issue?
In the Georgia case, Trump has the argument that, as the highest-ranking officer in the federal government, he was discharging an official responsibility to ensure the fairness of an election for federal office. Even in Georgia,`that argument may not fly. (Elections are conducted by state officials. Congress decides whether to accept the state’s electoral votes. The prosecution will contend that the President has no role.)
But the New York case concerns events from before Trump was elected. In fact, that’s why some of the Attorney General’s claims got thrown out by the appellate court — the statute of limitations had expired. If a private businessman violates state law, the U.S. Constitution doesn’t immunize him from the consequences just because he later becomes President.
Pretty soon there will be no state to run to. The left never stop marching.
Letitia got her judgment in part by assigning a value of 18 million dollars to Mar-a-Lago. $250 million would be a wee bit closer to actual.
RE: With its present restrictions, it is valued at a lower amount as a property.
Who exactly is this judge that he has ascribed to himself that ability to value a property?
How something is valued depends on THE MARKET and what buyers and sellers agree upon, not on what someone in a black robe says.
Who exactly is the aggrieved party?
Banks and financial institutions who provide the Trump organization with loans have their own appraisers. They should be the ones deciding how much Trump’s real estates are worth for the purpose of providing the loans, and they’ve done exactly that.
Also, the loan providers have all been paid back without any default or late payments. Exactly what fraud was committed?
This decision is nothing but judicial tyranny and sets a very dangerous and evil precedent. It tells us that ONE MAN sitting on a bench can destroy an entire iconic business based on nothing but his personal whim.
It ought to be overturned on appeal if there is any justice left in this country.
The valuation is based on historical records from the county.
When Trump converted Mara Lago to a club and golf course, the land went from the highest valuation for tax purposes (residential lots) to one of the lowest (agricultural).
To give you a real life example, an HOA developer had a residential vacant lot unsold in a gated community. He decided to deed it over to the HOA as open space but didn’t designate it as common area. Each year, the Association paid several thousand dollars in taxes on that vacant lot.
I pointed out that flaw to my client and, after a hearing with the tax court, we got the land reclassified as common area. The valuation went from $385,000 for a quarter acre to $1. Did the land change? No, the use classification did. If the HOA was desperate for cash, they could file to change it back to a residential lot, take the property tax hit, and sell it at market value.
Here’s the rub. Trump could petition to change the land use back to residential. We see zoning request changes all the time. If he converted that land back, it is easily worth $1B.
In its present classification, it is correctly valued at $28M, similar to other private courses/clubs in Palm Beach. But valuation and worth are two different things and both the judge and the appeals court are conflating the two.
Further, no where in the property tax evaluation are they putting a value on the club, itself, a business that brings in $25M a year.
The sheep are falling for it, screaming fraud.
They are wrong.
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