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AG James’s Civil Suit Asks Judge to Find Trump Guilty Without a Trial
Independent Sentinel ^ | August 31, 2023 | By M Dowling

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.


TOPICS: Constitution/Conservatism; Crime/Corruption; Front Page News; Government; US: New York
KEYWORDS: agjames; arthurengoron; blackracistsmatter; gettrump; lawfare; letitiajames; realestate; trump; trumpinc; trumplawsuits; trumporg; trumppersecution; trumprealestate
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To: Red Badger

Once you get an enterprise over $500,000,000 any decent accountant can make it worth almost anything. Unless it’s a pile of $100 bills, valuation becomes a matter of opinion.


81 posted on 09/02/2023 5:37:29 AM PDT by muir_redwoods (Freedom isn't free, liberty isn't liberal and you'll never find anything Right on the Left)
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To: Alberta's Child

which means the bar is even lower, right?


82 posted on 09/02/2023 6:32:36 AM PDT by Jonny7797
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To: Jonny7797

The bar would be even lower in a civil trial, but it should never even go to a jury because the case should be dismissed.


83 posted on 09/02/2023 7:37:43 AM PDT by Alberta's Child (“Freedom is just another word for nothing left to lose.”)
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To: Ultra Sonic 007
The prosecutor hasn't made any claim related to the taxation of the properties or any other financial loss associated with Trump allegedly "over-representing" his net worth. That's why the State of New York shouldn't even be a party to a civil lawsuit against him.

In addition to the political side of this, I'll bet the State of New York is making one last attempt to squeeze some money out of Trump because they hate him for moving to Florida.

84 posted on 09/02/2023 7:40:22 AM PDT by Alberta's Child (“Freedom is just another word for nothing left to lose.”)
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To: Jonny7797

Donald Trump has a team of skilled accountants preparing the Trump Organization taxes. There’s no lying on forms. These guys are pros.


85 posted on 09/02/2023 7:53:28 AM PDT by aligncare ( Make America America Again…Trump 2024)
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To: aligncare

Not talking about tax forms, I’m talking about applying for a loan.


86 posted on 09/02/2023 8:05:27 AM PDT by Jonny7797
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To: Jonny7797; aligncare; Alberta's Child
Not talking about tax forms, I’m talking about applying for a loan.

As someone who works in the mortgage industry as a profession: lenders generally do not care about what an applicant puts down as the "Owner Estimated Value" of their listed property. The only time any additional due diligence is done is when the property in question is needed for some form of collateral or qualifying asset (such as validating estimated net proceeds from a pending sale), in which case the lender utilizes their own tools and processes to validate whether the OEV is supported (and if it isn't, they'll just update the application with what the actual lender's value estimate is for qualifying purposes).

87 posted on 09/02/2023 8:33:47 AM PDT by Ultra Sonic 007 (There is nothing new under the sun.)
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To: Red Badger

She’s trying for summary judgment based on real estate valuation, which is an inherently triable issue of fact.


88 posted on 09/02/2023 10:31:59 AM PDT by Eleutheria5 (Every Goliath has his David. Child in need of a CGM system. https://gofund.me/6452dbf1. )
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To: Red Badger

And where was the damage, anyway? He paid his mortgages off.


89 posted on 09/02/2023 10:32:34 AM PDT by Eleutheria5 (Every Goliath has his David. Child in need of a CGM system. https://gofund.me/6452dbf1. )
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To: Ultra Sonic 007

I understand that. My point is, lying on the form is illegal. That is what they’re claiming Trump did.


90 posted on 09/03/2023 9:52:19 AM PDT by Jonny7797
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To: montag813

She acts like a person who ahs never, ever, owned a piece of dirt in her entire sorry life....................


91 posted on 09/05/2023 5:14:55 AM PDT by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: Red Badger

James must be lynched at the earliest possible moment


92 posted on 09/05/2023 5:20:20 AM PDT by bert ( (KWE. NP. N.C. +12) Joe Biden is a kleptocrat)
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To: Jonny7797

Brands have intrinsic value. A men’s golf shirt with the Ralph Lauren or Tiger Woods logo on it sells for a premium over the same shirt with no logo.

Trump worked decades to build and promote the Trump brand. Many of his real estate properties realized higher sales or rental prices because they had the Trump name on the building. How much is the Trump “premium” on the value of a building. It is a subjective assessment. Before he ran for president his brand was probably worth more than it does today since so many liberals hate him today.

The changing value of brands has recently been demonstrated with the collapse of Bud Light.

So Trump essentially stated his brand was worth $2 billion more than some other “authority”. Who is to say he is right or wrong. That’s why when properties sell banks require an independent appraisal of the value of the property, before they issue a loan.

Recently I’ve seen asking prices of houses in my area dropping. Should the DA prosecute for fraud everyone who lists a house and then several weeks or months later drops the price to move the property?

It is not uncommon for developers and individuals to pay more than market price to secure a particular property. The reality is, the market price for a property is the price a willing buyer and seller will agree to on a particular day.


93 posted on 09/05/2023 5:32:58 AM PDT by Soul of the South (The past is gone and cannot be changed. Tomorrow can be a better day if we work on )
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To: Soul of the South

Agree with everything you said, and I said as much in another post. If this is an issue about judgment, there is no smoking gun. However, they’re going to attempt to prove Trump lied about the value, meaning he knew the values were bogus - that is a crime, which is my point.

I seriously doubt Trump lied - he had no reason to lie but given the corruption in the courts, anything can happen.


94 posted on 09/05/2023 12:22:25 PM PDT by Jonny7797
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