Judge Rules Trump Committed Fraud, Stripping Control of Key Properties

[tebowlives]

The only ones denying reality is yourself, the prosecutor and the judge. The idea that your property is only worth what the county assessor has it listed at is ridiculous. County assessments are always under the true value and then increases are capped until the property is sold. It's very likely that you, the prosecutor and the judge all misrepresented your property values when getting loans in the same way. Your TDS is clouding your judgement, and you're willing to go along with a malicious prosecution.

The property tax value was low because of the way Mara Lago is categorized. here is what I found, "The lower valuation comes from Mar-a-Lago technically being a social club in an agreement Trump made in 1995 to receive tax benefits rather than a private residence."

 

[acptulsa]

Ok, the orange one can do no wrong and runs big beautiful perfect businesses, you all win. I explained, you all don't accept the reality of the situation, I'm done.

This still doesn't explain how someone can be sued in civil court by a prosecutor who can't produce a victim.

Habeas corpus just doesn't cut any ice with you, does it?

 

[Philhelm]

Ok, the orange one can do no wrong and runs big beautiful perfect businesses, you all win. I explained, you all don't accept the reality of the situation, I'm done.

It's the opposite. You're trying to justify (or at least assuage) the most insane example of, "Show me the man and I'll show you the crime," in U.S. history...on a Ron Paul/libertarian forum. You're willing to go along with burning the entire nation to the ground because you dislike Trump, a person who isn't even responsible for this nation's problems, which were decades in the making.

The problem is that this doesn't end with Trump. What they have done to Trump they can more easily do to regular people who run afoul of the government's good graces. The next Ron Paul that emerges will be destroyed, and likely will not have the resources that have allowed Trump to stay afloat. You will never be allowed to elect a candidate that you like.

 

[Sonny Tufts]

It's a civil suit. There not only has to be a victim, but until now, the victim has always had to instigate the case.

Not quite. The basis of the complaint is Section 63(12) of the New York Executive Law, which authorizes the New York Attorney General to file suit to enjoin fraudulent business conduct and seek damages.

12. Whenever any person shall engage in repeated fraudulent or illegal acts or otherwise demonstrate persistent fraud or illegality in the carrying on, conducting or transaction of business, the attorney general may apply, in the name of the people of the state of New York, to the supreme court of the state of New York, on notice of five days, for an order enjoining the continuance of such business activity or of any fraudulent or illegal acts, directing restitution and damages and, in an appropriate case, cancelling any certificate filed under and by virtue of the provisions of section four hundred forty of the former penal law or section one hundred thirty of the general business law, and the court may award the relief applied for or so much thereof as it may deem proper. The word "fraud" or "fraudulent" as used herein shall include any device, scheme or artifice to defraud and any deception, misrepresentation, concealment, suppression, false pretense, false promise or unconscionable contractual provisions. The term "persistent fraud" or "illegality" as used herein shall include continuance or carrying on of any fraudulent or illegal act or conduct. The term "repeated" as used herein shall include repetition of any separate and distinct fraudulent or illegal act, or conduct which affects more than one person. Notwithstanding any law to the contrary, all monies recovered or obtained under this subdivision by a state agency or state official or employee acting in their official capacity shall be subject
to subdivision eleven of section four of the state finance law.

More specifically, the fraudulent conduct alleged to trigger Section 63(12) includes violations of New York Penal Law § 175.10 (Falsifying Business Records); Penal Law § 175.45 (Issuing a False Financial Statement); and Penal Law § 176.05 (Insurance Fraud).

Keep in mind that the Trump organizations that are defendants in the suit are corporations and limited liability companies formed under New York law and entities formed out-of-state that are registered to do business in New York. As such, they are subject to New York law including Section 63(12).

The complaint can be read here: https://ag.ny.gov/sites/default/files/tto_complaint.pdf

 

[acptulsa]

Another excellent reason to secede from New York. Time for us to figure out that we're fools to stay in any club that has New York as a member.

When the government drags someone to court without the slightest pretense that the government itself is owed something, ostensibly on behalf of the common good, that's a prosecution. And there's nothing in the Bill of Rights I read which says, "... unless the government disguises its prosecution as a suit and conducts it in civil court."

 

[TheCount]

Ok, the orange one can do no wrong and runs big beautiful perfect businesses, you all win. I explained, you all don't accept the reality of the situation, I'm done.

Laws are for other companies, like Disney and Facebook.

You see, laws are supposed to protect "us" from "them." They're not supposed to bind "us" in the process.

 

[spudea]

Yeah you are missing something. Trump wasn't borrowing based on stated or evaluated value of the purchased property. He was borrowing on the stated value of his total net worth. He exagerated his net worth which got him more lower and more favorable loan rates. This is an unfair trade practice because it gives his company an advantage over those who correctly value their net worth. It's not victimless, those who follow the rules are the victims.

You all can argue that this happens all the time and you aren't wrong. But that doesn't make Trump not guilty of it. When you do things lilke this, you roll the dice you won't get caught, he did.

Again, net worth is a highly subjective estimation. The bank representatives testified that they routinely gave high net worth individuals a 50% haircut to their stated net worth before evaluating loan terms and conditions. The suggestion that this was unfair and impacted others in the market for loans is really ridiculous, when you can't name a single victim. Trump received favorable loan terms not because of his highly subjective stated net worth, but because he was an incredibly sought after individual that all the biggest banks in the world competed to earn his business because it was known to be low risk and lucratively profitable at the same time.

How you can endorse the state seizing such a fine, and openly support it on this liberty forum, is shameful, just because you hate trump.

 

[Matt4Liberty]

The property tax value was low because of the way Mara Lago is categorized. here is what I found, "The lower valuation comes from Mar-a-Lago technically being a social club in an agreement Trump made in 1995 to receive tax benefits rather than a private residence."

That's the case in this situation. It doesn't mean that the county assessed value isn't almost always dramatically lower, and just about anyone who ever took out a mortgage would be guilty by the standards set forth by this Marxist judge.

 

[Anti Federalist]

directing restitution and damages

To whom?

There was no plaintiff, nobody got ripped off, the loans were paid back, everybody made money.

So who was defrauded?

This is nothing more than a case of a colored communist channeling Lavrentiy Beria for personal political reasons.

"Show me the man and I'll show you the crime" - Soviet secret police chief Lavrentiy Beria

 

[Anti Federalist]

Dersh agrees

“I didn’t make it up,” Dershowitz replied. “I wish I were creative and original, but I got it from obviously Letitia James campaign. She ought to be brought up before the bar. You should not have an elected prosecutor campaigning on the promise to get a particular defendant. Now if she didn’t get him. She would lose the election. This is a variation of Stalin and Beria back in the 1930s when the head of the KGB says to Stalin, show me the man, I’ll find you the crime. This is — show me the man, we know who it is. She told us who it was, Donald Trump, and we’ll find you the fraud even though there was no harm.”

 

[69360]

So all of you defending Trump already made your donations right?

https://nypost.com/2024/02/17/us-ne...se-355m-ex-prez-owes-after-civil-fraud-trial/

 

[Anti Federalist]

So all of you defending Trump already made your donations right?

https://nypost.com/2024/02/17/us-ne...se-355m-ex-prez-owes-after-civil-fraud-trial/

The judge will rule that money is tainted and cannot used.

Or "GoFundMe" will shut it down.

Watch.

 

[unknown]

Ok, the orange one can do no wrong and runs big beautiful perfect businesses, you all win. I explained, you all don't accept the reality of the situation, I'm done.

You really believe that the blatantly biased prosecutors initiated this case due to their moral outrage?

https://rumble.com/v1fh3nd-attorney-general-letitia-james-1.html

This was so incredibly "anti-competitive" that they had to do something...

I'm assuming they'll be announcing the prosecution of other NY developers any day now.

 

[tebowlives]

That's the case in this situation. It doesn't mean that the county assessed value isn't almost always dramatically lower, and just about anyone who ever took out a mortgage would be guilty by the standards set forth by this Marxist judge.

I should have continued my thought.
I'm going by, the "premium loan value" is as a residence which as far as the lenders ability to recover money in case of a default is what matters. Lender forecloses, it sells Mara Lago as a private residence. The taxed value doesn't matter. Not that you are saying one way or the other.

 

[69360]

You really believe that the blatantly biased prosecutors initiated this case due to their moral outrage?

https://rumble.com/v1fh3nd-attorney-general-letitia-james-1.html

This was so incredibly "anti-competitive" that they had to do something...

I'm assuming they'll be announcing the prosecution of other NY developers any day now.

No, they were out to get Trump. This is a selective prosecution, many others do the same and got away with it. That doesn't mean Trump isn't guilty of it.

 

[69360]

The judge will rule that money is tainted and cannot used.

Or "GoFundMe" will shut it down.

Watch.

That would not surprise me.

 

[unknown]

No, they were out to get Trump. This is a selective prosecution, many others do the same and got away with it. That doesn't mean Trump isn't guilty of it.

It's difficult to say whether Trump actually did anything wrong.

Especially if the Judge/court applied the same valuations to the rest of his assets.



https://nypost.com/2023/09/27/donald-trumps-mar-a-lago-worth-at-least-300m-sources/

A New York judge’s Tuesday ruling valuing Donald Trump’s sprawling, headline-making Florida estate at $18 million has left industry experts perplexed.

One prominent Palm Beach real estate broker, speaking on the condition of anonymity, told The Post, “It’s utterly delusional to think that property is only worth $18 million.”

The insider added, “If that property were on the market today, I would list it at around $300 million, minimum … at least. He also has the separate golf course minutes away.”

To put it in perspective, a 2-acre wooded lot at 1980 S. Ocean Blvd., just 5 minutes from Mar-a-Lago, is currently listed for $150 million.

Mar-a-Lago, situated at 1100 S. Ocean Blvd., dwarfs this lot tenfold and operates as a commercial business with around 500 members as part of the golf club.

Also nearby: a 2.3-acre plot of land at 1063/1071 N. Ocean Blvd., on the market for a sky-high $200 million.

Trump’s Mar-a-Lago estate boasts a sprawling 20 acres.

Forbes had appraised the property, which is made up of 128 rooms, at approximately $160 million in 2018 following extensive renovations and its exclusive Palm Beach location on Billionaires’ Row.

 

[unknown]

From the comments:

Granting Summary Judgment, instead of letting the case go to a jury, only happens where there is no material issue of fact in dispute for a jury to consider.

As a civil litigator in NYC, I can tell you that each & every material fact of this frivolous case is in dispute; from the statute of limitations, all the way to Mar-A-Lago's valuation.

I am a licensed attorney in NJ and NY and I agree with your post.

There must have been significant, well thought out, highly compelling expert affidavits in support of the government's SJ motion and in support of DJT's opposition to same.

I just can't fathom that the defendants' experts opinions failed to raise material issues of fact warranting a trial, and not conducive to being dismissed on a SJ motion.

The Judge's obvious and documentable misstatements of fact will be the basis for the appeal.

Why even have a trial if the Judge is going to just declare somebody guilty without even hearing expert testimony?

This case depends on an understanding of market value, vs assessed value, vs insured value.

If you are not in the real estate game, you probably don't know why these values differ on the same property.

 

[unknown]

https://twitter.com/chicago1ray/status/1758674105446838535

 

[Sonny Tufts]

Lender forecloses, it sells Mara Lago as a private residence.

The conservation easement Trump put on the property limited its use to that of a social club. See post # 26 in this thread.