Posted on 09/26/2023 4:23:11 PM PDT by navysealdad
New York judge on Tuesday found that Donald Trump and his family business committed fraud by making misleading valuations on much of his real-estate empire and ordered the cancellation of legal certificates that have allowed the Trumps to do business in the state.
The ruling handed a significant early victory to state Attorney General Letitia James, a Democrat, on part of her civil-fraud case against Trump ahead of a trial that is set to begin next week. She sued the former president last year and has accused Trump in court filings of inflating his annual net worth by as much as $3.6 billion between 2011 to 2021 by falsely valuing his properties.
(Excerpt) Read more at msn.com ...
Property’s value is what people are willing to pay for it.
Tired of losing yet? They left will not stop until Trump is locked up.
The value of a property is always an estimate.
Who was defrauded?
There isn’t a person they’ll get on a jury who will understand that the owner of property has nothing to do with the valuation of said property...
Arthur Engoron is the “judge”.
If Trump is locked up, it means the Republic is no more.
Since when is a person permitted to value their own property and holdings for the purpose of determining taxable value? Isn’t that what the tax assessor and property appraiser are for?
And just who was harmed if these evaluations were above market value?
Exactly! Bank appraise properties to protect their assets. Did they do their due diligence? I could never do my own valuations.
so all his lenders dint bother to do due diligence because he was Trump, just took his word for it... is that it???
Apparently no injured parties, no complaints from banks or commercial real estate entities. Just a ridiculous unjust way for Latitia to steal 250,000,000 from Trump.
Not only is the value fluid at any point in time, Trump’s assets are valued by professional appraisers, who establish the value. The ruling is outrageous made by a know-nothing judge.
So lenders and insurance companies no longer do appraisals?
I would think in order to prove fraud you would have to designate who was defrauded and any money collected would go to the victim.
They are off the scale pathological about this. And why? Because he scares the ever loving crap out of them. The more they attack him the more they show just how they are scared of him.
Losing?
Let me guess, you want to “move on” because they make things up and abuse Trump.
And a Biden donor at that.
Insurers and Bankers always need to get their own valuations.
Kr@p judgement.
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