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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
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To: Tell It Right

I’ve thought about James and the judge not owning property. Is there any way to check that? A lot of people in NYC rent.


41 posted on 10/03/2023 1:38:20 PM PDT by McGavin999 ( A sense of humor is a sign of intelligence, leftists have no sense of humor, therefore……)
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To: ChicagoConservative27

What if Trump gives Melania and his son, Barron, all of his properties?


42 posted on 10/03/2023 2:08:04 PM PDT by jonrick46 (Leftniks chase illusions of motherships at the end of the pier.)
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To: ChicagoConservative27

Strange thing - in the very actions of determining their value in order to seize them, they’ll find the judge lied through their teeth when valuating them.


43 posted on 10/03/2023 2:08:54 PM PDT by T.B. Yoits
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To: ChicagoConservative27

If Trump loses his properties to a black Soros AG, financial institutions will flee NYC. No one’s property or assets are safe. This creepy judge is holding a gun to the head of New York. It would be nice if Wall St spoke out. Not holding my breath.


44 posted on 10/03/2023 2:17:55 PM PDT by DeplorablePaul
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To: aculeus

Bear in mind that his attorney forgot to check the box on the court paperwork to request a jury trial.


45 posted on 10/03/2023 2:24:27 PM PDT by Coronal
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To: Georgia Girl 2

Unfortunately... This is how the state governments and Federal government are going to steal all private property. This is just the beginning of it.

https://www.criminaljustice.ny.gov/ops/assetforfeiture/index.htm


46 posted on 10/03/2023 2:26:52 PM PDT by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
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To: jonrick46

Any such transactions would likely be reversed as a fraudulent conveyance. If you move or hide assets in anticipation of an adverse court ruling that can be overturned.


47 posted on 10/03/2023 2:35:34 PM PDT by Coronal
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To: ChicagoConservative27

Trump should have dissolved all of his business holdings in that shithole long ago. F NY!


48 posted on 10/03/2023 2:42:52 PM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: ChicagoConservative27

Judge Engoron is PURE EVIL and NEEDS an EXORCISM by his RABBI!


49 posted on 10/03/2023 2:47:23 PM PDT by Ann Archy (Abortion....... The HUMAN Sacrifice to the god of Convenience.)
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To: AnotherUnixGeek
 
 
Very much a parallel to what went on during the final decline of the Roman Empire. Political opponents being denounced as criminals on the flimsiest of legal grounds, having their property seized by the state. And people should take notice. If they get away with this on Trump, we can all be targets.
 
 

50 posted on 10/03/2023 2:47:40 PM PDT by lapsus calami (What's that stink? Code Pink ! ! And their buddy Murtha, too!)
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To: ChicagoConservative27

We need to go safter these pukes with a vengeance, Trump spend my tax dollars to go after these pr###


51 posted on 10/03/2023 3:15:28 PM PDT by ronnie raygun
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To: ChicagoConservative27
DJT’s only hope is in the Federal appeals courts.
52 posted on 10/03/2023 3:52:32 PM PDT by Gay State Conservative (Two Words: Banana Republic)
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To: Georgia Girl 2

RE: Uh no its not gonna happen. 🙄

But isn’t it the thought that counts?

When I first heard about the NY conspiracy last year I was energized to hate the perpetrators. Plot to ruin the one man who opposed the banana republic Dems——politically, financially, his family and wanted him to die in prison.


53 posted on 10/03/2023 4:10:47 PM PDT by frank ballenger (You have summoned up a thundercloud. You're gonna hear from me. Anthem by Leonard Cohen)
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To: Ancesthntr

RE: Apparently, the New York Post never heard of ...appeal.

Banana republic actions always have a peel.🍌


54 posted on 10/03/2023 4:14:00 PM PDT by frank ballenger (You have summoned up a thundercloud. You're gonna hear from me. Anthem by Leonard Cohen)
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To: Ancesthntr
Apparently, the New York Post never heard of an appeal.

True, New York uses the word "Supreme" in the name of its courts of original jurisdiction. This judge was the first stop in the state court's system - there was no way the buck was going to stop with him.

55 posted on 10/03/2023 4:39:16 PM PDT by Charles Martel (Progressives are the crab grass in the lawn of life.)
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To: lapsus calami

“If they get away with this on Trump, we can all be targets.”

We are all already targets.

L


56 posted on 10/03/2023 4:44:04 PM PDT by Lurker ( Peaceful coexistence with the Left is not possible. Stop pretending that it is. )
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To: Lurker
 
 
Those who have something substantial to steal, yeah. The rest who don't, still get robbed but in less dramatic, overt ways - inflation, currency devaluation, for starters. No escape for anyone.
 
 

57 posted on 10/03/2023 6:33:54 PM PDT by lapsus calami (What's that stink? Code Pink ! ! And their buddy Murtha, too!)
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To: frank ballenger

These cases against Trump are designed to energize the public to hate the deepstate perpetrators. Its part of waking people up. I guess its working.


58 posted on 10/03/2023 10:00:54 PM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: ChicagoConservative27

But he made too many enemies
Of the people who would keep us on our knees.


59 posted on 10/03/2023 10:32:37 PM PDT by gnickgnack2 (They’re pushing us because they want us to push back. Then comes martial law. They see it as a win-w)
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