Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Donald Trump’s Tower and these other NY properties could be lost in $250M civil fraud case
NY Post ^ | 10/03/2023 | y Mary K. Jacob and Zachary Kussin

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 ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: abuseofprocess; bs; donate2trump; donatedonaldtrump; donatetrump; fraud; harassment; lawfare; newyork; persecution; properties; tower; trump
Navigation: use the links below to view more comments.
first previous 1-2021-4041-59 next last
To: ChicagoConservative27

The Justice System just seems to have decided that they want to take his stuff.

It’s a bit non-standard. Usually you need a reason. But it’s 2023 so anything goes.


21 posted on 10/03/2023 1:18:13 PM PDT by ClearCase_guy (They say "Our Democracy" but they mean Cosa Nostra.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChicagoConservative27

The fact democrats aren’t embarrassed about having Attorney General Letitia James in their party tells you all you need to know about the democrat party.


22 posted on 10/03/2023 1:21:17 PM PDT by GOPJ (MSNBC bimbos and pretentious 'men': "THE ELITE " ARE NOT "THE 1%". MAGA's not Marxist/Class envy..)
[ Post Reply | Private Reply | To 1 | View Replies]

To: aculeus

Moreover, his banks are not naive individuals, they’re well-staffed institutions capable of making informed judgments of property values.

They are all (probably) NYC HQ’d and thus very well-informed about local real estate.


23 posted on 10/03/2023 1:21:46 PM PDT by aculeus (Just Call Him "No Border" Biden)
[ Post Reply | Private Reply | To 17 | View Replies]

To: ChicagoConservative27

Selective prosecution. Wonder who many other developers have been investigated for the same “crime”.


24 posted on 10/03/2023 1:21:58 PM PDT by gov_bean_ counter (Eccl 10:2 - The heart of the wise inclines to the right, but the heart of the fool to the left )
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChicagoConservative27

Welcome to the Communist States of America..if Trump had a D next to his name the commie left would have adored him, built a statue in his honor, but because he went against them and the neocons, they want to not only put him in jail for the rest of his life they want to take every damn cent he’s ever earned..so whose going to stop them because we have a GOP that is allowing it to happen


25 posted on 10/03/2023 1:22:24 PM PDT by Sarah Barracuda
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChicagoConservative27

ping


26 posted on 10/03/2023 1:22:44 PM PDT by Hot Tabasco
[ Post Reply | Private Reply | To 1 | View Replies]

To: Parley Baer

And he paid back all the loans.


27 posted on 10/03/2023 1:22:51 PM PDT by vivenne (⁹)
[ Post Reply | Private Reply | To 14 | View Replies]

To: ChicagoConservative27
"...He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance...
28 posted on 10/03/2023 1:23:04 PM PDT by mewzilla (Never give up; never surrender!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChicagoConservative27

That is pure pipe dream.


29 posted on 10/03/2023 1:23:35 PM PDT by taxcontrol (The choice is clear - either live as a slave on your knees or die as a free citizen on your feet.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Westbrook

IN CALIF-—your property taxes are based on what you paid for your property.

1% of the sale price + and bond issues in the county the property is in.

Works out to about 1.25%


30 posted on 10/03/2023 1:25:27 PM PDT by ridesthemiles
[ Post Reply | Private Reply | To 13 | View Replies]

To: Ex-Con777

Same thoughts here.


31 posted on 10/03/2023 1:25:49 PM PDT by ridesthemiles
[ Post Reply | Private Reply | To 16 | View Replies]

To: AnotherUnixGeek

They are ignorant, evil, Demonrat morons. No clue about how life works. Reprehensible fools. 🙄


32 posted on 10/03/2023 1:26:47 PM PDT by DennisR (Look around - God gives countless clues that He does, indeed, exist.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: ChicagoConservative27

Since tax revenues are based on appraised value, is NYC going to reimburse Trump for the overpayment? Yeah....I thought not....


33 posted on 10/03/2023 1:27:20 PM PDT by duckbutt (I prefer dangerous freedom over peaceful slavery - T. Jefferson)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChicagoConservative27

Not a lawyer but a civil suit conducted by a public official is a new one.


34 posted on 10/03/2023 1:27:39 PM PDT by aculeus (Just Call Him "No Border" Biden)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChicagoConservative27

Will become MLK Tower.


35 posted on 10/03/2023 1:29:40 PM PDT by nwrep
[ Post Reply | Private Reply | To 1 | View Replies]

To: ChicagoConservative27

Nevermind how banks have and rely on their own property assessors, so fraud is not likely.


36 posted on 10/03/2023 1:29:52 PM PDT by Darksheare (Those who support liberal "Republicans" summarily support every action by same. )
[ Post Reply | Private Reply | To 1 | View Replies]

To: JSM_Liberty

That’s how anyone with brains knows this is VS.


37 posted on 10/03/2023 1:30:17 PM PDT by Darksheare (Those who support liberal "Republicans" summarily support every action by same. )
[ Post Reply | Private Reply | To 6 | View Replies]

To: ChicagoConservative27
Evidently neither Judge Engoron nor Letitia James own property in NY. Or they fail to see how their case against Trump lowers their own property values in NY and the property values of everybody else.

Unless that's maybe their goal: to lower property values so they can snatch some up.

38 posted on 10/03/2023 1:31:21 PM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Parley Baer

hard to find a victim.

IF he overvalued the properties and I don’t see how that happened because the lender should have had their appraiser to a valuation; then the risk is he would default and the lender stuck with the property.

But according to Eric on FOX last night, they never missed payments So by now the structures should have increased value from the time they were financed.

Again hard to see who was victimized. Maybe some of the lenders will appear in trump’s defense.

A omrla judge would have thrown the case on on the fact tye ag and da campaigned to take him out.


39 posted on 10/03/2023 1:31:41 PM PDT by coalminersson
[ Post Reply | Private Reply | To 14 | View Replies]

To: ChicagoConservative27; All
"Demented on how they are trying to destroy this man"

The question is: Why?

Why go to the BIZARRE lengths they are going to, to stop him from running for POTUS, even going as far as trying to COMPLETELY ruin his life?

Does it have something to do with his claim that he "caught them all"?

What have THEY done?

What are THEY hiding?

🤔

40 posted on 10/03/2023 1:33:07 PM PDT by Pajamajan (Pray for our nation. Never be slave in a new Socialist America )
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-59 next last

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson