Posted on 10/03/2023 10:43:33 AM PDT by ChicagoConservative27
The purported value of Ivanka Trump’s Park Avenue penthouse came under scrutiny this week during testimony at trial in the New York attorney general’s $250 million civil fraud case against the former president.
Donald Bender, a former accountant for Donald Trump at the accounting firm Mazars USA, testified in Manhattan Supreme Court on Monday that he saw errors between the value listed for the posh pad on financial documents and its potential sale price.
Bender explained from the witness stand that, while he wasn’t in charge of auditing the company financials, he “from time to time” would tell Trump Organization officials that there were discrepancies on company financial documents, according to a CNN report.
(Excerpt) Read more at nypost.com ...
Yes there was a crime! Trump took out loans, paid the banks back with interest and created jobs! That’s CAPITALISM which is illegal today in the eyes of Marxists! And Marxism MUST be the system we live under today!
Seriously, that’s one of the reasons why they hate Trump so much because he’s a Capitalist and Capitalism is the enemy to these psychopaths.
Get an appraisal and then appeal the valuation. I just had to do the same thing and no way the County can disagree.
That Trump might have a clause in the agreement his ex wife could buy the condo at a less than market rate is perfectly legal.
These people are morons and should be charged for malicious prosecution.
Frog march these people
Every US bank should be charged with fraud.
Their RE portfolio values are based on 4% mortgages-
at the current 8% levels-they are all overvalued.
Good Lord you are daft
Where did you get your accounting degree?
Pretty sure you don’t have one
You are committing fraud by making such a lunatic statement
Well, maybe President Trump has finally figured out, on his own (without any so-called "political advice" from Jared & Ivanka), that all Establishment Washington insider Republicans have always hated him, being an outsider, and continue to hate him. Here's what President Trump said yesterday:
“... national Republicans are more concerned about helping Joe Biden than ensuring a safe and secure election."
Exactly. Thank you, President Trump. I only wish your political advisors Jared & Ivanka (and the rest of them) would have properly advised you about that in early 2019 leading up to the 2020 election. It's a shame I wasn't one of your political advisors because I would have advised you about Establishment Washington insider Republicans as soon as you got elected in 2016.
That's why it's so tough for an outsider to survive in Washington. You must always have your head on a swivel. Establishment Republicans only want other Establishment politicians to be elected President, regardless of Party. Establishment Republicans prefer the Establishment Democrat Joe Biden (60+ years in Washington DC) over outsider President Trump. I really hope President Trump's grassroots campaign is victorious in 2024!
Many Indian marriages are still arranged. Nearly every Indian person I’ve worked with was in an arranged marriage. Most of them seemed very content.
Let me see if I’ve got this right. The financials say the apartment was worth $20.8 million but had a buyout clause, applicable only to Ivanka, that she could buy it for $8.5M and THAT is a false valuation?
Let’s say that my parents pass away and I inherit their house that’s worth $250k. I rent it to my 20 year old kid for $500/mo while he’s finishing school and add a “rent to own” clause that he can buy it for $100k. Does that mean that the house is now only worth less than $250k if I put it on the open market or use it as collateral for a loan?
No. Heck no! These people are out of their doggone minds.
I can dream can’t I?
So it’s legal to falsify financial statements?
https://www.cnn.com/2022/12/06/politics/trump-organization-fraud-trial-verdict/index.html
On the face of it, it sounds like pretty typical real estate valuation.
My home has a county property tax assessed value,
It has the real estate website estimated value,
It has the property inspection estimated value,
And, if I was selling it, it would have my sales price. If I will not sell below some lower price, that establishes what the value of the property is to me, the owner.
All these numbers are different (very significantly in some cases). Yet, all these numbers are valid for the purpose intended. Which one is invalid (i.e., fraudulent)?
To show how much they can change, my county tax collector decided to switch from assessed value to market value for my 2023 property tax assessment. Result: a 63% increase in my property taxes. (And yeah, we are fighting that.)
If I got a loan using my 2023 assessed (market) value and all the parties knew the source of the number and accepted that valuation, is it fraud if later some politically-motivated prosecutor comes along and says you should have used the lower 2022 county assessors value?
One last thing, how many other cases using this same analysis has the NYS AG brought before a grand jury?
the assessed value of a property, which you get taxed on, and the POSSIBLE sale price are usually quite different.
if this is the garbage they’re throwing around as ‘illegal’, i would demand all new yorkers who were paying taxes on the assessed value be charged immediately
Well the Judge knows Park place is valued at Park Place empty is $175.. to build 4 hoses the cost is $800.00. To put up a hotel is 4 houses plus $200.00 according to Monopoly so Trump is way over the value.
This argument about what Trump’s property is worth is beyond stupid or more likely intentionally deceptive.
The only true value is that which someone will pay and an agreement or contract with someone who will sell that same property.
Example...land in the surrounding area here has become so high that we who are just outside the high dollar area are being flooded with offers to buy our land.
What to they offer? The property tax valuation. Now I realize all trades have a starting point, but anyone who sells property in this area at the tax value is an idiot.
I can see where a court case in this area would have a really contentious fight over the true value.
But even more important, unless someone in the deal actually suffered a loss, such as a payment default, there is no damage and therefore no grounds for either civil or criminal proceedings.
Trump’s case should be thrown out of court by the judge.
What it amounts to is we are reaching the end of the “law” and its ability to be effectual. We see it around us everywhere from immigration to the dysfunction of personal relationships. Either grace or hell lies down the road we’ve embarked upon. Humans will inevitably choose hell without divine intervention. And it seems, hell we will have.
It's like a line backer saying he's 10 pounds heavier on the roster.
We got a good deal on one of our houses because they missed a course and half the basement had a low ceiling. We saved about $10 thousand.
And the damn town assessors really stink sometimes. They do their square ft stuff....and forget the cost of the custom made cupboards...or don't count the Marble floors...imported from Italy. etc etc etc....
Exactly.
That’s why I’m always leery of upgrades, you never get that money back, so if you do it, do it because you enjoy it, and not because you think it will increase the value of the house, it won’t.
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