Posted on 10/03/2023 1:04:16 PM PDT by ChicagoConservative27
For decades before his presidency, Donald Trump had long been synonymous with the real estate industry — as well as his namesake New York properties, which have been the subject of great discussion since last week.
That’s when a New York judge, Arthur F. Engoron of the state Supreme Court, concluded in a 35-page judgment that Trump had exaggerated the value of his holdings to secure favorable loan and insurance terms with financial institutions, with some properties being inflated by an estimated 1,000%.
Judge Engoron’s decision was issued as part of New York Attorney General Letitia James’s $250 million civil fraud case against the former president, his company and executives. And if that ruling ultimately stands, Trump could lose control over some well-known New York City and New York City-area properties that bear his name.
(Excerpt) Read more at nypost.com ...
This is totalitarianism, pure and simple.
Uh no its not gonna happen. 🙄
24M AR’s say no
It is pure corrupt political persecution worth of USSR or Red China.
“had exaggerated the value of his holdings to secure favorable loan and insurance terms with financial institutions”
shouldn’t the financial institutions be suing him if that is the case?
Fundamentally transforming civilization’s role model the last 200yrs into a banana republic.
Trump gets to appraise his own properties? I knew a guy that kept throwing money into remodeling, and getting new appraisals, trying to get one high enough that he could secure a bigger loan. I fail to see where that’s fraudulent.
Apparently, the New York Post never heard of an appeal.
With 80% of the case being dismissed due to outdated Statute of Limitations and the absolute demented behavior exhibited by this judge, I would say Donald Trump’s chances of seeing victory in this case has gone up exponentially!!!
How does it become fraud when he is buying things, not selling them? He’s securing loans and insurance. It’s the sellers responsibility in these cases to inspect and evaluate the properties. If they disagreed with his assessment of the values, they should have objected and not made the loans/policies or increased the rates.
It’s a good thing I’m not paying taxes on my property’s market value. I could not afford the taxes on that.
“had exaggerated the value of his holdings to secure favorable loan and insurance terms with financial institutions”
shouldn’t the financial institutions be suing him if that is the case?”
Exactly. Who got hurt in all of this?
I guess the US FAG Government won’t be happy until their Nazi asses have every penny Trump has. Damn bunch of Feral Nazi thieves. I think it might be time for Americans to wake up and ask themselves if they agree with this Nazi horsepucky that the Brandon Administration is pulling just to make “a better life” for every Xeno freeloading arseho who dips his or her toes in the RIO GRANDE.
How does an inflated valuation reduce insurance? If anything, I thought it would increase the premium.
EC
” ... shouldn’t the financial institutions be suing him if that is the case? ... “
I (non-lawyer) would think so.
In my prior life as a senior corporate customer of major banks, I never heard of anything like this.
Bogus radical socialist warfare using the misappliction of justice.
Just like the demographic warfare being wagwed against AMerica across the SOuthern Border.
We need to rid ourselves of them.
FUbarackobama!
And any successful Real Estate business in New York should be liquidating everything right now and preparing to MOVE out of New York, for fear this will happen to them in the very near future. because it will, I Guarantee It.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.