Trump is found liable for fraud in New York civil case

I think she has bias. Good thing she doesn’t decide guilt or innocence

 

No the judge(who's a democrat) also has a bias. Otherwise he's an idiot. I don't know how you could value that home at only 18m. That's not even remotely reasonable or accurate.

https://www.palmbeachdailynews.com/...go-worth-depends-who-youre-asking/8121654001/
"
“It’s priceless,” quipped one seasoned Palm Beach real estate professional, who like others on Palm Beach’s real estate industry spoke about Mar-a-Lago and Trump only on condition of anonymity.

Another didn't hesitate to provide a number: “I’d put Mar-a-Lago's value (conservatively) at $450 million,” the seasoned real estate agent said. "

"Several agents and brokers said that if sold in this market, Mar-a-Lago would be worth about $400 million at a bare minimum and perhaps as much as $550 million or even more. "

I could post several articles that say the same thing; that any realtor asked on the subject come up with some figure between 300 500 million.

It's almost like this show trial is shallow and obvious...

So when people still support Trump after this, please...don't be shocked.

 

The state suffers if it permits companies to commit fraud in their jurisdiction. If the business community concludes that it is unsafe to conduct business with NY companies because fraud is rampant, that hurts NY state.

 

And I imagine him lying about square footage by about 300% is ok too?

 

No doubt Humpty's Lawyers will call those anonymous/faceless valuers at the Trial, yes?

 

For starters, it’s not a home…..it’s a club.

 

Yes you can have two assessments. That's how property appraisal work in the United States. The market value is completely separate from the tax assessment. The tax assessment is usually significantly less than the market value. Everyone who has purchased a home in the US knows this. The judge is being criticized by everyone, including liberal media entities like CNN for this huge blunder.

The tax assessment is based on things like how many employees you have, the operating expenses and income, etc. It has nothing to do with the market valuation of what you believe you could sell the property for.

Additionally, an estimate is just that. It's your opinion. The tax assessor makes their own valuation and that's what you pay unless you sue and take them to court.

There's no victim here. The tax assessor was paid what they determined was owed. And the bank was paid what they agreed to. Nobody is claiming Trump defrauded them.

 

Trump was using it as a residence as well. But none of this doesn't negate the value of that property...how do you get to only 18M if not bias?

 

https://www.sun-sentinel.com/2023/0...rattles-palm-beach-luxury-real-estate-market/
New York judge’s ruling about Mar-a-Lago value rattles Palm Beach luxury real estate market

"“The deed restriction impacts how we value it,” spokeswoman Becky Robinson said in a telephone interview on Thursday. “We use an income approach. We research what the income of the property would be and come up with a valuation.”"

You can't value the property only based on it's yearly revenue. That's ridiculous. Even with non residential limitations, it still hold value because of LOCATION beyond it's yearly revenue. Value is dictated by demand. What anyone would be willing to spend for it.

The judge using the yearly income as the valuation is the DUMBEST ****ing thing I've ever heard. He is either willfully bias or ****ing dumb.

 

Some more bad news.

https://news.yahoo.com/trump-exec-admits-committing-tax-190700084.html
A former top Trump Organization executive Friday testified that he repeatedly committed tax fraud at the direction of then-chief financial officer in a major blow to the defense at former President ’s $250 million civil fraud trial.

 

But he would very likely have been able to secure loans from elsewhere.

 

Yeah. This theory that Trump wouldnt have been able to get the loans elsewhere, and therefore any profits he gained from the entire development project are subject to seizure by NY state under 63(12) is absurd. PURELY speculative that he wouldnt have simply made other arrangements.

 

Wonder why they are discussing tax fraud when she didnt charge him with tax fraud.

 

Because the prosecution is obviously going to try to use that as "evidence".

To draw an analogy, it's similar to how sometimes in a rape trial they will call in another witness who also accuses the man of raping her, even though the man is not on trial for the rape the witness is describing.

So you might have weak evidence that a defendant committed two separate crimes, either of which alone would not be enough to vote guilty, but the prosecutor hopes the jury will combine the evidence of two separate crimes together to vote the defendant guilty of one crime.

If you want to look at it this way, it's not really so much evidence that the defendant committed one particular specific crime, but rather evidence that he may have committed either crime. (Either the crime he is being accused of, or another similar crime being described in testimony at the trial)

Of course some can debate whether this reasoning is really fair, or whether introduction of this type of testimony could unfairly prejudice the jury.

 

Under this NY 63(12) they dont need a victim or damages or even fraud.
Under this law an AG can sue in court a company that has put out misleading advertising, investment prospectus, property valuation or contractual terms offered to consumers, and get a court order to compel them to stop. Stop the fraud before it occurs.
Using 63(12) as intended could get a court order compelling Trump to not overvalue property on any financial dealings. Everything else they are trying to do is not as the law was intended.

 

It's a broadly worded law. And this is the problem with broadly worded laws, they can be misused, or applied in questionable situations.

Some people are naive enough to think that all laws are inherently fair and correct, according to their literal interpretations.

 

A rape trial doesnt have a prior summary judgement stating he is by judicial fiat held to be guilty of rape. Leticia doesnt need show that fraud occurred. The judges summary judgement has already held that fraud occurred.

 

Substantiate the values they used.

 

lol like what? The judge rejected the speculation that you and others have attempted to use in your arguments.

 

It's a moot point much like the point Trump used that the loans were repaid.

 

He is accused of persistent and repeated business fraud.

 

Not according the top executive's testimony.

 

Fraudulent acts. Business fraud would involve a victim and damages.

 

You need to read the NY law.

I looked at it when he was first sued by AG James and if she can prove the facts she alleges, it is hard to see what defense he could have.

 

LOL but no one lost a single dime therefore no one was even defrauded, you know it, I know it, and everyone with a brain that can read past the lefty headlines knows it.