Posted on 02/17/2024 12:39:31 PM PST by gitmo
Manhattan Supreme Court Justice Arthur Engoron and New York Attorney General Letitia James may have scored a major hit on former President Donald J. Trump with the unprecedented $354 million penalty but they may have inadvertently inflicted grave damage on the entire real estate industry.
On Friday, leftists were jubilant when Engoron announced the crushing financial blow on Trump, a ruling that in the opinion of one notable business expert, Kevin O’Leary of the popular television show “Shark Tank” is “un-American” and if not reversed on appeal, could potentially lead to other real estate developers facing similar charges from political activist prosecutors.
An entrepreneur and investor who is known as Mr. Wonderful on the long-running business reality show, O’Leary blasted the ruling as “unjust,” “appalling” and “un-American,” three terms that seem to perfectly describe the abomination in Engoron’s courtroom.
“That fact that he was found guilty, you might as well find guilty every real estate developer on Earth,” O’Leary told the New York Post in an interview after the ruling came down.
Engoron also barred the Republican frontrunner, a titan in the New York real estate development industry, from assuming any position as director or officer in the Empire State for three years, which O’Leary “sees as detrimental not just to Trump, but also to the broader business landscape,” according to the outlet.
“I don’t understand where someone got hurt … What developer doesn’t ask for the highest price valued for any building they built?” O’Leary asked.
“It’s not healthy for the country,” O’Leary added. “I want this reviewed and appealed and turned over because it’s wrong for everybody that participates.”
“If this judgment sticks, every developer must be jailed. They must be found guilty. They must be put out of business. You can’t do this to one another. It’s not about Trump,” he said, adding. “It’s appalling. It’s unjust. I would go as far to say it’s un-American.”
But it may turn out to be a Pyrrhic victory for James, Engoron and the Trump haters with the unintended consequences leading to an exodus from the deep blue city, its corrupted system of justice, and the kangaroo courts in which there should no longer be any expectation of getting a fair trial.
Calling New York “a loser state,” O’Leary said, “We’re just stunned. You have no idea. The shock wave sent through the real estate industry. Insane.”
“This ‘decision’ is a Complete and Total SHAM. There were No Victims, No Damages, No Complaints,” Trump wrote on Truth Social on Friday.
Trump also blasted the “corrupt” judge in a statement after the ruling which he will appeal.
“The Justice System in New York State, and America as a whole, is under assault by partisan, deluded, biased Judges and Prosecutors. Racist, Corrupt A.G. Tish James has been obsessed with ‘Getting Trump’ for years, and used Crooked New York State Judge Engoron to get an illegal, unAmerican judgment against me, my family, and my tremendous business. I helped New York City during its worst of times, and now, while it is overrun with Violent Biden Migrant Crime, the Radicals are doing all they can to kick me out…..,” Trump added in another of a series of scathing posts.
Watch those asking prices, sellers.
Big Government is watching you and now has the ultimate authority to determine valuation.
So in New York, you'll have to donate to the Democratic Party.
the intent was to insert government into every business real estate deal...to they have to get their cut -”10% for the Big Guy” for the deal to go forward
thats all. state.gov trying to horn in on the parts of business in NY city that the Irish and Italian mobs once claimed.
They could stop further chaos by reassuring investors that this trial was a one-time deal to selectively punish Donald Trump.
Assure others that this won’t happen again if sufficient “donations” are made to the correct people.
!!!
NYC is gone, (also Kaulifornia) until their inhabitants reap the wind and feel the burn, enough to sober themselves to their own decadence. GOD help us all.
“As one guy stated, “it’s like being convicted of murder and no one is dead”...”
I like that. That is the best analogy I have heard yet.
“‘Mr. Wonderful’ slams Trump…”
They love writing these headlines.
This absurd ruling is so DOA, in the higher courts, and should land Judge E and James in the slammer. Or not.
After all, a communist revolution is underway in America.
just wait until the next tax assessment of Mara lago!
In many locals, the tax assessment is deliberately set well below present market valuations. In a lot of places, sales prices are not public information and so there is no “market” assessment.
The fag child molesters in black robes have way too much powah!
In 2017 a decision was taken to burn the country to the ground and rule the ashes.
Selling real estate isn’t a problem. Financing it with fraudulent numbers is. Especially when the lending institution has government money involved.
“I don’t understand where someone got hurt … What developer doesn’t ask for the highest price valued for any building they built?” O’Leary asked.
Xxxxxxxxxxxxx
Using this standard, every entrepreneur on the shark tank would be guilty of fraud for their higher asking price for their business than the sharks are willing to pay.
<>What do you call one bankrupted NYC real estate mogul?
A good start.<>
Spoken like a government “worker.”
Well, that is stage 3 of the Globalist's plans. All Realestate will be taken over by the world government, managed by Blackrock, Vanguard etc, and rented to the peasants... those who have social credit high enough to be allowed shelter..
I wonder if the good judge ever borrowed money that was collateralized by real property? Maybe Tucker should look into this.
That judge with that cutesy-sweet smile?
The people of New York City will deeply regret the day they cheered this outcome. They will suffer mightily for this in ways most do not foresee.
When NYC is reduced to an uninhabitable trash heap, those who recognize this as pure evil will have no sympathy for the wicked in NYC whose fervent cries for help and deliverance will fall upon deaf ears.
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