1 of 4? New York judge finds Donald Trump liable for fraud

[OzmO]

https://www.cnn.com/2023/09/26/politics/trump-organization-business-fraud/index.html


CNN
 —
A New York judge has found Donald Trump and his adult sons liable for fraud, saying the Trumps provided false financial statements for roughly a decade.

Judge Arthur Engoron’s ruling came days before the civil case involving the New York attorney general’s office and the former president was set to go to trial.

Engoron granted Attorney General Letitia James’ motion for summary judgment, finding Trump, his sons, and others “to be liable as a matter of law for persistent violations” of New York state law. He found the financial statements the Trumps provided to lenders and insurers for about a decade to be false and said they repeatedly engaged in fraud.

In the order, the judge rejected Trump’s deposition testimony in which the former president said that the financial statements were not fraudulent because they contained disclaimers. Trump said the statements contained a “worthless clause” in them warning lenders and others that they shouldn’t be relied on.

Tuesday, the judge said that “the defendants’ reliance on these ‘worthless’ disclaimers is worthless.”

James has alleged that Trump, three of his children, his companies and his business executives defrauded lenders, insurers and other entities.

In the lawsuit, James claims that Trump reaped a “substantial” financial benefit by putting forward faulty information in his financial statements, including $150 million in the form of favorable interest rates he obtained from the banks that the attorney general said his team misled.

Engoron said the remaining issues for trial are determining liability on other claims in the lawsuit, as well as how much Trump and the other defendants should pay.

[Coach is Back!]

lol…sure. Take any of these fake indictments and cases to a venue that’s even close to neutral and it all gets dismissed…all of it.

[Primemuscle]

lol…sure. Take any of these fake indictments and cases to a venue that’s even close to neutral and it all gets dismissed…all of it.

Trump will be pleased to know that you are laughing about this.

[Coach is Back!]

Trump will be pleased to know that you are laughing about this.

It’ll only give him another boost…keep it coming

[Primemuscle]

It’ll only give him another boost…keep it coming

He will need another boost. A very large boost. 


'New York Attorney General Letitia James is seeking a penalty of $250m and a ban on the former US president doing business in the state.

Judge Arthur Engoron, ruling in a civil lawsuit brought by New York’s attorney general, found that the former president and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing financing.

Engoron ordered that some of Trump’s business licenses be rescinded as punishment, making it difficult or impossible for them to do business in New York. The judge also said he would continue to have an independent monitor oversee the Trump Organization’s operations. (Note; about half of Trump's income comes from his business in New York)

Engoron’s ruling – which comes in a phase of the case known as summary judgement – resolves the key claim in James’s lawsuit, but six others remain.'

[Coach is Back!]

He will need another boost. A very large boost. 


'New York Attorney General Letitia James is seeking a penalty of $250m and a ban on the former US president doing business in the state.

Judge Arthur Engoron, ruling in a civil lawsuit brought by New York’s attorney general, found that the former president and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing financing.

Engoron ordered that some of Trump’s business licenses be rescinded as punishment, making it difficult or impossible for them to do business in New York. The judge also said he would continue to have an independent monitor oversee the Trump Organization’s operations. (Note; about half of Trump's income comes from his business in New York)

Engoron’s ruling – which comes in a phase of the case known as summary judgement – resolves the key claim in James’s lawsuit, but six others remain.'

Stalin would be proud….

Until you understand that none of this is legit (which will be never) and all they’re trying to do is render him broke so he can’t defend himself, the more you’ll get it…or not.


But as history has shown, it NEVER ends well for communists.

[Moontrane]

There are at least 12 real estate firms in NY that are larger than Trump’s business entities.  I don’t believe for one second that Trump’s businesses do anything different or differently from those other firms. 

[LurkerNoMore]

I like how retards think adding “fake” to everything automatically renders the proof, outcome, evidence, and reality as invalid.   

Look it’s fake Tuesday.
Hahaha the fake sun rises in the fake west
Qoach has fake retardation

[LurkerNoMore]

Trump will be pleased to know that you are laughing about this.

Wonder how pleased Trumpy is knowing that everyone is aware he isn’t as rich and he likes to pretend?
Wonder how pleased Trumpy is knowing this type of ruling is a New York Corporate Death Penalty?

GOOD TIMES!

[chaos]

There are at least 12 real estate firms in NY that are larger than Trump’s business entities.  I don’t believe for one second that Trump’s businesses do anything different or differently from those other firms. 

This here. All things being fair, Trump isn't the only one manipulating numbers to get ahead. This is a classic case of Trump pissing off the establishment. Meh. 

[obsidian]

Copy paste posts from RT because I am lazy:

Cristo Mario
do they really think Trump sat at his kitchen table, scratched his head and decided he will "inflate" the value of his property? This guy employ multi-billion dollar accounting, property valuation firms to do the numbers for him based on market values at the time... good luck. SCOTUS will end up getting involved and overturn this sham.

Tau
Surely the responsibility of determining the perceived true value of any assets held by the borrower put up as collateral for a loan lies with the lending party themselves. This is what is known as 'due diligence' in the industry. To suggest that the responsibility lies with the borrower is ridiculous and completely unworkable as far as the lenders are concerned.

Cristo Mario
Tau, They are too stupid to think about it that way... as if the bank will give you a bigger loan and more favorable rates just because you say your house is worth twice the value on their books... LMAO.

This is all bullshit and an obvious harassment of Trump, the Candidate. Looks like he will need a restraining order against the illegitimate Biden Regime and Deep State Judges / Prosecutors. This is a clear sign the US is going down the fucking toilet like the Roman Empire.

[obsidian]

This here. All things being fair, Trump isn't the only one manipulating numbers to get ahead. This is a classic case of Trump pissing off the establishment. Meh. 

If you inflate the value of your home by 2x, do you think the bank will take your word for it and give you a bigger loan?! Fuck no, they will have their own numbers. Ultimately the banks signed off on his valuations. And he did not personally do those valuations. He probably had staff or accountants come up with it. And so what if they were overvalued, the banks signed off on it and made money due to the interest he paid.

[illuminati]

TRUMP TRUMP TRUMP TRUMP TRUMP

How so many are so Pissed off & unhappy about everything
Donald does is Truly Marvellous 😂🤣😂🤣😂🤣

Well done Donald 👊🏻
Keep frying their minds 🤣😂🤣

[Dos Equis]

Wait.  This judge said Mara-a-Lago is only worth $18M?  No way. 

[Coach is Back!]

Wait.  This judge said Mara-a-Lago is only worth $18M?  No way.

Greg Kelly on Newsmax just blew that ridiculous number out of the water with a listing of comps in the area. This judge is full of shit.

[Dos Equis]

Greg Kelly on Newsmax just blew that ridiculous number out of the water with a listing of comps in the area. This judge is full of shit.

These fascists have no shame.

[Soul Crusher]

Stalin would be proud….

Until you understand that none of this is legit (which will be never) and all they’re trying to do is render him broke so he can’t defend himself, the more you’ll get it…or not.


But as history has shown, it NEVER ends well for communists.

I had a case with him once years ago in a construction matter.  This judge is as old and senile as Biden THEN.   Look him up. 

[Grape Ape]

I had a case with him once years ago in a construction matter.  This judge is as old and senile as Biden THEN.   Look him up.

Everyone knows all this shit is political.

When someone runs a campaign on the platform they're going after Trump, what does anyone think is going to happen.

I don't even care about Trump, I don't want him elected, but what they are doing is stupid.

Many Democrats agree.

[LurkerNoMore]

Meanwhile, Ivanka is just having a sly smile over all this.  She has proven to be the smartest Trumpy

[OzmO]

lol…sure. Take any of these fake indictments and cases to a venue that’s even close to neutral and it all gets dismissed…all of it.

There are at least 12 real estate firms in NY that are larger than Trump’s business entities.  I don’t believe for one second that Trump’s businesses do anything different or differently from those other firms. 

I don't really think so.  No matter who they are charging whether it's a member of the Biden crime family, Trump, Clarence, or this Menedez shrill, there has to be enough evidence that warrants a charge. There are too many litigators and others who monitor these charges to suggest that there is collusion and a hidden agenda in that a small group of people are deciding this. 

And even so, Trump may beat the charge because maybe he did nothing wrong.

Someone is responsible for inflating the values.  Someone signed off on it in Trump's company or a bank.  That's part of what the investigation is about. 

As for the 12 real estate firms, unless they are fully engaged in blatant fraud it makes no long-term sense to purposefully lie about the value of properties.  Painting all of them with a broad brush and dismissing it isn't practical and in effect has nothing to do with Trump's charges.

Unless of course, the whole dam thing is corrupt which would mean we are fucked anyway.

[Coach is Back!]

I don't really think so.  No matter who they are charging whether it's a member of the Biden crime family, Trump, Clarence, or this Menedez shrill, there has to be enough evidence that warrants a charge. There are too many litigators and others who monitor these charges to suggest that there is collusion and a hidden agenda in that a small group of people are deciding this. 

And even so, Trump may beat the charge because maybe he did nothing wrong.

Someone is responsible for inflating the values.  Someone signed off on it in Trump's company or a bank.  That's part of what the investigation is about. 

As for the 12 real estate firms, unless they are fully engaged in blatant fraud it makes no long-term sense to purposefully lie about the value of properties.  Painting all of them with a broad brush and dismissing it isn't practical and in effect has nothing to do with Trump's charges.

Unless of course, the whole dam thing is corrupt which would mean we are fucked anyway.

They valued Mira a Lago at $18 million. It was speculated between $400-$600 mil with some estimates of over a Billion. Trump said himself as with others that he’s never missed a loan payment and have been paid off and has little debt and can and has proved it. Willis campaign when she was running was to get Trump at all costs.

Again, Stalin would be proud

[OzmO]

They valued Mira a Lago at $18 million. It was speculated between $400-$600 mil with some estimates of over a Billion. Trump said himself as with others that he’s never missed a loan payment and have been paid off and has little debt and can and has proved it. Willis campaign when she was running was to get Trump at all costs.

Again, Stalin would be proud

I doubt Stalin would be proud.  Stalin advocated equal poverty for everyone and was known not to live lavishly with little personal luxuries as opposed to our current state of politicians on both sides who are doing the bidding of the ultra-rich.

Trump is being charged with overvaluing his net worth to gain favorable loan and insurance terms reaping hundreds of millions in benefits.  I read as much as 38%. 

This will all be fleshed in court as Trump's attorneys move to prove he did not do anything fraudulent or misleading.

This is just 1 of 4.

[Dos Equis]

Check out the comps.  It's laughable.  What was this judge smoking? 

Real estate insiders bewildered by judge’s $18M valuation of Trump’s Mar-a-Lago: ‘Would list at $300M’
By Mary K. Jacob
Published Sep. 27, 2023
https://nypost.com/2023/09/27/donald-trumps-mar-a-lago-worth-at-least-300m-sources/

[Coach is Back!]

I doubt Stalin would be proud.  Stalin advocated equal poverty for everyone and was known not to live lavishly with little personal luxuries as opposed to our current state of politicians on both sides who are doing the bidding of the ultra-rich.

Trump is being charged with overvaluing his net worth to gain favorable loan and insurance terms reaping hundreds of millions in benefits.  I read as much as 38%. 

This will all be fleshed in court as Trump's attorneys move to prove he did not do anything fraudulent or misleading.

This is just 1 of 4.

Stalin would be proud. Trump isn’t everyone. He’s the leading political candidate for President.

“The trials were held against Stalin’s political enemies, such as the Trotskyists and those involved with the Right Opposition of the Communist Party. The trials were shams that led to the execution of most defendants. Every surviving member of the Lenin-era part was tried, and almost every important Bolshevik from the Revolution was executed. Over 1,100 delegates to the party congress in 1934 were arrested”

[Coach is Back!]

JUST IN - A New York judge ruled that Trump inflated his property values, including Mar-a-Lago, which the judge determined was worth $18-$27 million from 2011 to 2021.

To put this into perspective, neighboring homes on 0.28-0.89 acres are listed for $18-40 million.

Mar-a-Lago, the 20-acre property in the middle, is worth less despite being 20 to 70 times larger.

@EricTrump: "The real estate circles in Florida are laughing at this foolishness."
 
@DonaldJTrumpJr: "If Mar-a-Lago is worth $18 million… I’ll take 10 please!!!"

https://x.com/kanekoathegreat/status/1706838593086668946?s=46&t=XiPzOUmtpsEiVS5zhlJE2g

A much smaller home on the same street sold for 53 million.