This is just the standard partisan lawfare.
Who’s the victim? Who was defrauded? The banks? They’re sophisticated parties who don’t rely on the word of someone how much their assets are worth when deciding to make a loan. They do their own research. And those loans were paid back anyway.
And how do you value a brand? There is no objective way to do so and people disagree all the time. Real Estate companies/developers are forever saying their assets have one value while somebody else values them differently. Are they all committing fraud now? How do you prove that? Each piece of real estate is unique and brands are unique.
That this Democrat hack would claim Mar a Lago was only worth $18 million tells you all you need to know. That alone gives the game away entirely - Even if Letitia James had not explicitly campaigned on “get Trump at all costs” which she did.
1. Trump has a million strong appeals to this ruling.
2. Most of his assets by far are not in New York - he moved those out a long time ago.
3. NY trying to enforce this would have to go to other states and any claim they would make would be fiercely contested by Trump’s legal team....even if this weren’t an obvious lawfare sham which everybody knows it is.
I don’t know if it would be possible, but Trump’s lawyers should refer both the judge and the DA to a judicial ethics commission and/or lawyer’s board of ethics. This stinks and Trump would probably be able to come up with expert appraisers to counter this retarded ruling.
If a judge can give a fair valuation of real estate, but only a biologist can determine if someone is a man or a woman ... you might be a Democrat.
I think someone needs to investigate what the tax valuation is for his property would be anywhere in NY. Furthermore, there must be some corrupt tax valuations in NY for the favored few.
Who knew judges were able to make retroactive financial valuation judgements on private deals between private parties?
Even when NONE of the parties involved had brought suit, none claimed fraud, and none even complained.
Arthur F. Engoron: Lawyer, judge, real estate appraiser.
Indeed. Valuing Mar-A-Lago at $18mn is utterly absurd.
THIS is an example what $18mn actually buys you in Palm Beach...
https://www.redfin.com/FL/Palm-Beach/449-Australian-Ave-33480/home/42437863
Possibly a dumb question.... Who is the victim in this fraud case?
evaluated the worth of Trump’s prized Mar-a-Lago Club resort at $18 million, ruling that the property was inflated by 2,300%.
How much did Limbaugh’s wife sell his house for?
The judge
Watch me pull a number out of my hat
He is not in the position to determine value.
Indeed
The judges must have been paid big bucks by Dem supporters to make their rulings regarding Real Estate Appraisals. They are not qualified and will lose on appeal.
Find out the insurable values for the properties. That should set the upper limits.
In my county, anyone can do a property search and see what the county values a property at for taxing purposes. I bet the Judge can ask Palm Beach County what they put for a value.
Has the STATE Filed Criminal Charges against this Judge for Issuing a “Real Estate” appraisal without being LICENSED by the State to do so?”:??
https://dos.ny.gov/system/files/documents/2022/03/re-appraiser-3-21.pdf
$18 million wouldn’t cover the cost of the china, silver, glass and linens. The Big Four of Hotels.
For a comp, Rush Limbaugh’s estate which is up the street from Mar a Lago sold this year for $155 million and was not as grand as Mar a Lago. $500 million is a good estimate.
There is only one solution at hand. It does not including living with these commies.
Are real estate taxes public in FL? I’d be surprised if Trump is paying tax based on the Judges 18 million valuation...
Unauthorized Practice of a Profession: NY ED Law 6512
You need not be a surgeon performing procedures nor an account engaged in financial services. Whether you are a dentist, masseuse, physician, lawyer, financial advisor, architect, or even a hairdresser, if you practice and engage in a profession requiring a license without that license, then you are subject to arrest and prosecution for Unauthorized Practice, New York Education Law 6512. In fact, not only will you find yourself before a judge and in need of legal representation from a criminal defense lawyer, know that this offense is a felony. Whether facing an indictment in New York City, the Hudson Valley counties of Westchester, Rockland, Putnam, or elsewhere in the state, a failure to protect yourself will have dire and permanent consequences.
“Heis not in a position to determine value.”
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Correct. And thus, one more reason it will be overturned on appeal.
What this judge and the DAs in New York and Georgia don’t realize is that all of their illegal antics are only making Trump more popular with minorities and increasing his chances of winning in a landslide of Reagan proportions.