Posted on 09/01/2023 9:15:43 AM PDT by Red Badger
Letitia James, who ran on a “Get Trump’ ticket, filed a civil action against President Donald Trump’s Organization that was unsealed in New York.
According to Yahoo News, she wants Trump and his organization found guilty without a trial:
While running his father’s family real estate empire, former President Donald Trump bloated his net worth by a staggering $2 billion, New York Attorney General Letitia James charged in asking a Manhattan judge to rule against the Trumps before their upcoming $250 million civil fraud trial, according to court filings unsealed Wednesday.
James asked State Supreme Court Judge Arthur Engoron to resolve one of the fraud claims facing the Trumps encompassing a chunk of the case slated for trial Oct. 2 by recognizing a “mountain of undisputed evidence” of rampant fraud.
“No trial is required for the Court to determine that (Trump) presented grossly and materially inflated asset values in (financial filings) and then used those (filings) repeatedly in business transactions to defraud banks and insurers,” the filing said.
She doesn’t even want him to have a trial!
James accuses him of inflating his network by $2 billion to strengthen the Trump Organization’s position in the city’s real estate market.
James has been investigating Donald Trump for years. She couldn’t find anything criminal so she went for civil cases. In addition to the one on October 2, she has one for an alleged pyramid scheme on January 29.
GO DEEPER
Among the alleged wrongdoings, AG James claims Trump overvalued by up to 39 percent assets like his New York skyscrapers, golf courses and residential properties, and his Mar-a-Lago compound in Palm Beach, Florida. Doing so, she claims, allowed the Trump brand to deceive banks, lenders, and business partners with “hundreds of millions of dollars in ill-gotten savings and profits.”
[They all have appraisers.]
Despite the Trump Organization laying claim to a real estate empire worth $6.7 billion in 2014, the New York attorney general claims she has hard evidence the combined value did not exceed $4.5 billion.
As part of the unsealed documents, AG James includes public statements by President Trump accusing her of being a racist and saying that the world would have suffered a nuclear attack from North Korea if he had not chosen to forgo his lucrative career and serve the public as president.
In addition to seeking a $250 million judgment against the Trump Organization, AG James hopes to prevent the Trump family from doing commercial real estate deals in New York for the next five years and permanently bar family members from running or helping direct businesses.
Leftist Democrats have called for lawsuits against Donald Trump and his family to bankrupt them. The locales Democrats chose are filled with far-left Democrats.
Now far-left James doesn’t even want the Trumps to have a trial. The Democrats are tearing our Constitution and justice system apart.
Sorry. You have to cut/paste that URL. It usually shows up as a link. Anyway, enjoy.
You have to tell me who lost money...
In other words, if you offer your house for sale for $450,000 and a realtor complains, she would have you declared guilty of deception.
In that case, most of the people doing business transactions in the world are guilty under her jurisprudence. All cattle auctions are violating the law.
This woman is stupid and a racist pig. And the voters in New York are stupid for voting her in. The city is about to collapse and she is going after Trump.
The Trump Organization claimed a real estate empire worth $6.7 billion in 2014.
James claims she has hard evidence the combined value did not exceed $4.5 billion.
She’s nuts.......
The value of real estate changes constantly.....from day to day.
Most listings are priced higher to leave “dickering room.”
Next, some one will want him sentenced without a trial, after that, some one will want him executed without a trial.
What country did you say this was? I must have missed the memo.
Basically a Motion for Summary Judgment or Motion for Summary Adjudication was filed. Standard for these motions: There is No genuine issue of material fact and the moving party is entitled to judgment as a matter of law. Very Common in civil litigation, and it is not an unconstitutional deprivation of the right to a jury trial.
The ‘value’ of a thing, in reality, is exactly what someone is willing to give you for that thing AND what you are willing to accept for that thing.
This applies to real estate, antiques, classic cars, Renaissance paintings, Beanie Babies.
It’s called ‘CAPITALISM’.
That is why she is unfamiliar with the principle, she’s a COMMUNIST....................
Is that the same thing as lynching?
She’s also doing it in the criminal case as well...................
Does Soros only pick blacks for these jobs ? LOL
Their actions are becoming more and more outrageous by the day. They are hoping to elicit a response so they can clamp down.
“We’ll give him a fair trial then we’ll hang him.” - Judge Roy Beane.................
The very sad part of this and other lawfare is that supposedly conservative people believe the claims against Trump and can't see through the intrigue.
They’re cheap..................
Since ALL Real Estate Appraisals are subjective and values can change at any given moment, how does one demonstrate they are false??
I don’t know how it works in NY, but wouldn’t you pay property tax on the property’s assessed value? So not only are there no victims, but the state gained tax revenue it was not entitled to take, according to the state’s persecution?
And even if Trump did everything the prosecutor says he did, this would be a civil matter between the lenders and Trump.
None of the lenders have filed suit against Trump in this matter — for two reasons:
1. The loans aren’t in default, which means the lenders have no standing to sue because they can’t demonstrate that they’ve been harmed (which also means there’s no basis for a criminal case).
2. Any bank that sued Trump over this would get laughed out of court for failing to do its own due diligence (through third-party appraisals, for example) before lending money. Imagine being the CEO of a bank testifying in court that you lent money to a customer based on the customer’s own representations about the value of his properties. “My $250,000 home is worth $2 million, Mr. Mortgage Officer. I swear!”
Without a trial, gee what is the prick afraid of, that even with 12 Trump hating buffoons they might still acquit him
Good points.....
......even if Trump did everything James says he did, this would be a civil matter between the
lenders and Trump. It is notable that NONE of his lenders have filed suit against Trump in this matter.
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