Posted on 09/27/2023 1:37:51 PM PDT by Macho MAGA Man
A New York judge’s Tuesday ruling valuing Donald Trump’s sprawling, headline-making Florida estate at $18 million has left industry experts perplexed.
In his verdict, Manhattan Supreme Court Justice Arthur Engoron delivered a bombshell ruling that the former president committed fraud by inflating the value of his wealth, with details including the monetary value associated with Mar-a-Lago in Palm Beach.
This decision, which came down without a jury, has sent shockwaves through political — and real estate — circles, especially that $18 million base value for the property.
One prominent Palm Beach real estate broker, speaking on the condition of anonymity, told The Post, “It’s utterly delusional to think that property is only worth $18 million.”
The insider added, “If that property were on the market today, I would list it at around $300 million, minimum … at least. He also has the separate golf course minutes away.”
Engoron’s verdict holds Trump, 77, along with his family and his business empire, the Trump Organization, liable for fraud — a central allegation in New York Attorney General Letitia James’ lawsuit against the defendants.
In a 35-page judgment, Engoron sided with James, asserting that Trump had made unequivocally false statements in official documents to secure favorable terms with financial institutions.
Notably, Trump’s claims, such as his triplex penthouse in Trump Tower being 30,000 square feet when it was closer to 11,000, were also described by Engoron as “fraudulent” given their significant discrepancies.
However, the ruling raised eyebrows when Engoron, a Democrat who ran unopposed in the general election on Nov. 3, 2015, evaluated the worth of Trump’s prized Mar-a-Lago Club resort at $18 million, ruling that the property was inflated by 2,300%.
(Excerpt) Read more at nypost.com ...
Talk about having no standing...that is this so-called judge. This breach of law is the worst I've seen yet.
This is so egregious. Judges are not real estate appraisers. I’m willing to bet the court could have secured a professional appraisal but it wouldn’t have helped their cause. Why bother even having the show trial? Why didn’t the judge just make a ruling and hold a presser?
Judge needs to explain HOW he arrived at the $18M figure and reveal his sources. (He made it up). Perhaps but I doubt it. I suspect he had help arriving at the figures and his sources would be quite revealing.
From another forum, a poster said this when asked where did he get that figure:
(The judge didn’t determine the value was $18 Million.
The Palm Beach County Assessor set the valuation at $18 Million IN 2011 and it had grown to $27.6 Million in 2021.)
https://www.usmessageboard.com/attachments/1695847835832-png.834981/
BS
Well if the palm beach county assessor came up with then it is a legit source. Leftist and biased perhaps but they have the responsibility.
One would need to see if this $18M figure for 2011 is consistent with other similar properties if they even exist in this area.
As you said the valuation is not a current valuation but a valuation for 2011.
Statute of limitations New York State
Fraud 6 years CPLR213(8)
Judges put value on property all the time after they have someone appraise it. That happens in probate court on a regular basis and can happen in other civil cases. I assume judges learn that in law school.
It is clear in this case the judgs have expressed they are out to get Trump and the FLA assessments put the judges decision to ie.
probate court after ordering an appraisal.
...................I will add because I don’t think it’s been said. Commercial property assessment is a separate specialty. That’s the first thing this judge should have done. The fact the judge and the AG said they would get Trump means all the NY cases should be moved elsewhere or just dropped.
See discussion of the “tolling agreement” on page 14 of the decision. The tolling agreement extends the statute of limitations.
“They will dismantle Trump’s business dealings before he can appeal. The process is the punishment.”
There are people on “X” cheering that the left will force Trump to file bankruptcy. That is their goal. (In addition to putting him in prison). They want to make sure he doesn’t have the money to mount a defense. The attorney penalties are to make sure no lawyer will take that risk and no one will represent him no matter how egregious the charges.
Today, I’ve been looking for articles by legal scholars, attorneys, law professors, former federal prosecutors, etc., who have read through and dissected the judge’s opinion, whether agreeing with the judge’s reasoning or not. I’ve yet to find one.
Can they not find the law to support the opinion, or a similar case in which the judge’s reasoning has been used? Are they just embarrassed to even give the opinion any credit at all? I’ve found comments and social media posts cheering on the judge’s ruling, but nothing to legally support the opinion.
Usually by now, articles have been written, no matter on nonsensical, by leftist professors citing law and precedent to support a Court’s ruling against President Trump. Are they still searching the laws searching for something (anything at all) that will support the judge’s ruling?
I’m with you. I haven’t found a single thing supporting the Judge’s decision. Not even a peep from Johnathan Turley or Mark Levin. Nothing!
“I’m with you. I haven’t found a single thing supporting the Judge’s decision. Not even a peep from Johnathan Turley or Mark Levin. Nothing!”
Jonathan Turley usually can find SOMETHING to support in the legal witch-hunts against Trump. He makes sure to let his readers know he is not a fan of Trump even when he disagrees with a ruling against him. But to Turley, it’s all a mis-reading of the law on someone’s part and never a deliberate ploy against Trump just because he is “Trump”. That’s the same as with Andrew McCarthy. They both give the prosecutors the benefit of the doubt when it comes to “principles and honesty”.
I’m assuming it is taking Turley a long time to digest the opinion, and we will hear from him tomorrow with his thoughts. LOL. ( Sure, that’s the ticket! Turley has digested 200 page SCOTUS opinions faster than this one.)
How can a judge in ny determine the value of a property in the Free State of Florida? Or, anywhere for that matter?!!!
THERE MUST BE CONSEQUENCES.
This judge is a liar. They should appoint a different judge to this case.
I said if a shrimp costs me .50 cents, I charge $2.00. He said that was entirely too much, and told the defendant they only owed me 1/2 of what I charged. I was baffled.
That judge should be disbarred. He should have awarded you the amount that was in the contract.
I am not a violent person, but have to agree…this is a dangerous public servant.
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