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Trump and Co liable for fraud in NY case
Posted by: pdq
Date: September 26, 2023 03:37PM
Wow. Must have been summary judgement.

More coming.
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Re: Trump and Co liable for fraud in NY case
Posted by: Tiangou
Date: September 26, 2023 03:39PM
[apnews.com]

Judge rules Donald Trump defrauded banks, insurers as he built real estate empire

NEW YORK (AP) — A judge has ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House.

Judge Arthur Engoron, ruling Tuesday in a civil lawsuit brought by New York’s attorney general, found that the former president and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing financing.

The decision, days before the start of a non-jury trial in Attorney General Letitia James’ lawsuit, is the strongest repudiation yet of Trump’s carefully coiffed image as a wealthy and shrewd real estate mogul turned political powerhouse.

Beyond mere bragging about his riches, Trump, his company and key executives repeatedly lied about them on his annual financial statements, reaping rewards such as favorable loan terms and lower insurance premiums, Engoron found.

Those tactics crossed a line and violated the law, the judge said, rejecting Trump’s contention that a disclaimer on the financial statements absolved him of any wrongdoing.

Manhattan prosecutors had looked into bringing a criminal case over the same conduct but declined to do so, leaving James to sue Trump and seek penalties that could disrupt his and his family’s ability to do business in the state.

Engoron’s ruling, in a phase of the case known as summary judgment, resolves the key claim in James’ lawsuit, but six others remain...




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Re: Trump and Co liable for fraud in NY case
Posted by: Lemon Drop
Date: September 26, 2023 03:39PM
Wowzer. This effectively ends the Trump org. All certificates allowing them to do business are cancelled.


[apnews.com]


NEW YORK (AP) — A judge has ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House.

Judge Arthur Engoron, ruling Tuesday in a civil lawsuit brought by New York’s attorney general, found that the former president and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing financing.

The decision, days before the start of a non-jury trial in Attorney General Letitia James’ lawsuit, is the strongest repudiation yet of Trump’s carefully coiffed image as a wealthy and shrewd real estate mogul turned political powerhouse....
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Re: Trump and Co liable for fraud in NY case
Posted by: NewtonMP2100
Date: September 26, 2023 03:41PM
….yay…..a big win…….!!!!!



_____________________________________

I reject your reality and substitute my own!



Edited 1 time(s). Last edit at 09/26/2023 03:43PM by NewtonMP2100.
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Re: Trump and Co liable for fraud in NY case
Posted by: pdq
Date: September 26, 2023 03:43PM
Quote

Former President Donald Trump, his top executives, and heirs were declared completely liable of “persistent and repeated fraud”—and the real estate empire was unceremoniously stripped of its business licenses in New York—after a judge’s powerful ruling Tuesday ahead of a massive trial that seeks to hit them with more than $250 million in penalties for bank fraud.

Even before the trial officially starts, the ruling handed New York Attorney General Letitia James a near total victory, meaning that next week’s trial will mostly focus on damages that could pulverize the business empire that helped elevate the real estate tycoon into the White House.

Next, appeal, appeal, appeal. Delay, deflect, deny. Rant, whine, rage.

Nevertheless, the walls are closing in on Donnie. His schtick may work for weak-minded gullible (and sadly desperate) Deplorables, but in a court of law? Not so much.



Edited 1 time(s). Last edit at 09/26/2023 03:44PM by pdq.
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Re: Trump and Co liable for fraud in NY case
Posted by: Lemon Drop
Date: September 26, 2023 03:43PM
I hope she takes every rotten penny and building he's got.

Jack Smith is coming for his ill gotten campaign cash.
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Re: Trump and Co liable for fraud in NY case
Posted by: Tiangou
Date: September 26, 2023 03:43PM
[en.wikipedia.org]

Summary judgment

In law, a summary judgment, also referred to as judgment as a matter of law or summary disposition, is a judgment entered by a court for one party and against another party summarily, i.e., without a full trial. Summary judgments may be issued on the merits of an entire case, or on discrete issues in that case. The formulation of the summary judgment standard is stated in somewhat different ways by courts in different jurisdictions. In the United States, the presiding judge generally must find there is "no genuine dispute as to any material fact and the movant is entitled to judgment as a matter of law."


(Emphasis added.)







Edited 1 time(s). Last edit at 09/26/2023 03:43PM by Tiangou.
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Re: Trump and Co liable for fraud in NY case
Posted by: Lemon Drop
Date: September 26, 2023 03:47PM
I think this ruling did away with any possibility of delay.

And I doubt any judge will allow an appeal givem the facts so painstakingly gathered by AG James.

Black women will bring this man down. Finally. Prosecutors, judges, jurors.
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Re: Trump and Co liable for fraud in NY case
Posted by: pdq
Date: September 26, 2023 03:49PM
4 days ago:

Quote

[The] judge in New York expressed frustration at Donald Trump's defense counsel while considering sanctioning the defendants and their lawyers for making frivolous arguments in the state's civil case against the former president and others.

"When I first heard those arguments, I thought that was a joke," said Judge Arthur Engoron, who added that he has repeatedly ruled on and been upheld on some of the arguments rehashed by defense.

"The rule on sanctions is if you've been warned, don't do it. You were warned," Engoron said.

"As a lawyer, I have to make the arguments," Trump attorney Chris Kise told Engoron.

He meant, as a Trump lawyer, the boss demands that I make ridiculous arguments.
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Re: Trump and Co liable for fraud in NY case
Posted by: pdq
Date: September 26, 2023 03:52PM
Amazon finally sued over anti-competitive behavior.

Alabama ignoring them finally too much for even this SCOTUS to swallow.

And now this.

Is it Christmas already?

Edit:

Whoop: Gov. Newsom signs law raising taxes on guns and ammunition to pay for school safety

New state tax doubles the federal tax on guns and ammo (which has been in place for a century).

Quote

Also on Tuesday, Newsom signed a law overhauling the state’s rules for carrying concealed weapons….California’s new law bans people from carrying guns in nearly all public places - including public parks and playgrounds - public demonstrations and gatherings, amusement parks, churches, banks and any place where alcohol is sold.

Newsom also signed a law that, starting July 1, 2028, would require all semiautomatic pistols sold in California to have microstamping technology. That means each bullet would have a unique marking making it easier for law enforcement to trace the gun it was fired from back to its owner.

California has some of the lowest gun death rates in the country, ranking 43rd out of 50 states with 9 deaths for every 100,000 people, according to 2021 data from the Centers for Disease Control and Prevention.

Help us, Alito, Thomas and Co! You’re our only hope (in getting that rate up.)



Edited 1 time(s). Last edit at 09/26/2023 04:02PM by pdq.
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Re: Trump and Co liable for fraud in NY case
Posted by: Lemon Drop
Date: September 26, 2023 03:59PM
"The judge has ordered cancellation of all [NYS] business certs of "any entity controlled or beneficially owned by Donald J. Trump, Donald Trump, Jr, Eric Trump, Alan Weisselberg, & Jeffrey McConney. An independent receiver will manage the dissolutions."


I'm sure they have hidden some liquid assets, but you can't hide real estate.
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Re: Trump and Co liable for fraud in NY case
Posted by: pdq
Date: September 26, 2023 04:04PM
Quote
Lemon Drop
"The judge has ordered cancellation of all [NYS] business certs of "any entity controlled or beneficially owned by Donald J. Trump, Donald Trump, Jr, Eric Trump, Alan Weisselberg, & Jeffrey McConney. An independent receiver will manage the dissolutions."


I'm sure they have hidden some liquid assets, but you can't hide real estate.

So what is to become of Trump tower? Maybe they can jack it up and move it to Mar-a-Lago.
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Re: Trump and Co liable for fraud in NY case
Posted by: Speedy
Date: September 26, 2023 04:04PM
hot smiley



Saint Cloud, Minnesota, where the weather is wonderful even when it isn't.
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Re: Trump and Co liable for fraud in NY case
Posted by: gabester
Date: September 26, 2023 04:29PM
He's bilked enough of his money people over time I think they're all going to come for him now.

Probably why he wants to crash the economy, if it's in the tank they'll be less focused on getting every last ounce of blood out of his stones.



g=
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Re: Trump and Co liable for fraud in NY case
Posted by: GGD
Date: September 26, 2023 04:29PM
"We're going to wins so much you're going to get tired of winning..."
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Re: Trump and Co liable for fraud in NY case
Posted by: pdq
Date: September 26, 2023 04:30PM
The full brief here. Quick perusal shows that Judge also granted sanctions (very small ones in $s, but nevertheless) against Team Trump, with juicy language.

Before,

Quote

… the Court declined to impose sanctions, believing it had “made its point.”

Apparently, the point was not received.

smiley-laughing001

There’s more:

Quote

In defendants’ world: rent regulated apartments are worth the same as unregulated apartments; restricted land is worth the same as unrestricted land; restrictions can evaporate into thin air; a disclaimer by one party casting responsibility on another party exonerates the other party’s lies; the Attorney General of the State of New York does not have capacity to sue or standing to sue (never mind all those cases where the Attorney General has sued successfully) under a statute expressly designed to provide that right; all illegal acts are untimely if they stem from one untimely act; and square footage is subjective.

That is a fantasy world, not the real world.

Ooh. Ouch. That’s gonna leave a mark.
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Re: Trump and Co liable for fraud in NY case
Posted by: jonny
Date: September 26, 2023 05:04PM
Quote
pdq
Amazon finally sued over anti-competitive behavior.

Alabama ignoring them finally too much for even this SCOTUS to swallow.

And now this.

Is it Christmas already?

Edit:

Whoop: Gov. Newsom signs law raising taxes on guns and ammunition to pay for school safety

hamster dance
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Re: Trump and Co liable for fraud in NY case
Posted by: Steve G.
Date: September 26, 2023 05:04PM
clarified


[www.politico.com]
Attorney General Tish James’ office “has submitted conclusive evidence” that the former president and his co-defendants overvalued their assets by between $812 million and $2.2 billion from the years 2014 to 2021, the judge, Arthur Engoron, wrote in a court filing. “Even in the world of high finance, this Court cannot endorse a proposition that finds a misstatement of at least $812 million to be ‘immaterial.’”

As part of his ruling, the judge canceled the business certificates of all of the defendants, which include the Trump Organization itself and numerous LLCs connected to the company, as well as the business certificates of any entity “controlled or beneficially owned by” Trump, his adult sons, the Trump Organization’s former chief financial officer Allen Weisselberg and company executive Jeffrey McConney.

Engoron ordered that within 10 days of the ruling, Trump and the other defendants must provide names of potential independent receivers “to manage the dissolution of the canceled LLCs.”
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Re: Trump and Co liable for fraud in NY case
Posted by: Steve G.
Date: September 26, 2023 05:06PM
Quote
pdq
So what is to become of Trump tower? .

Demolish it and make it into a nice park for disabled veterans
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Re: Trump and Co liable for fraud in NY case
Posted by: Lemon Drop
Date: September 26, 2023 05:09PM
Quote
Steve G.
Quote
pdq
So what is to become of Trump tower? .

Demolish it and make it into a nice park for disabled veterans

Turn it into affordable housing, homeless shelter, and housing for the Venezuelan arrivals. And office space for nonprofits to support all of the above.
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Re: Trump and Co liable for fraud in NY case
Posted by: Tiangou
Date: September 26, 2023 05:39PM
Since branding is intrinsically part of his business, the dissolution should result in the removal of his marks.

In other words, 721–725 Fifth Avenue will become know to the next generation as GMAC Tower.

(It's not his property. He brands and manages it.)







Edited 1 time(s). Last edit at 09/26/2023 05:39PM by Tiangou.
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Re: Trump and Co liable for fraud in NY case
Posted by: N-OS X-tasy!
Date: September 26, 2023 05:39PM
Quote
Lemon Drop
Wowzer. This effectively ends the Trump org.

Haven't read any articles on this in depth yet, but the Reddit headline I read a few moments ago indicated that the judge has specifically ordered the dissolution of the Trump Org.



It is what it is.
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Re: Trump and Co liable for fraud in NY case
Posted by: steve...
Date: September 26, 2023 06:00PM
The dishes and ketchup must be flying at Mar-a-Lago. :-)

Has he posted an all-caps response yet? I couldn't find anything.




Northern California Coast
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Re: Trump and Co liable for fraud in NY case
Posted by: RgrF
Date: September 26, 2023 06:37PM
This is the same case the then Manhattan District Attorney dropped as unwinnable.
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Re: Trump and Co liable for fraud in NY case
Posted by: Steve G.
Date: September 26, 2023 06:44PM
Quote
RgrF
This is the same case the then Manhattan District Attorney dropped as unwinnable.

Cy Vance and Alvin Bragg have a lot to answer for.

Vance could have nailed him years ago, but was too cowardly to make the case.



Edited 1 time(s). Last edit at 09/26/2023 06:44PM by Steve G..
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Re: Trump and Co liable for fraud in NY case
Posted by: Ted King
Date: September 26, 2023 06:54PM
I'll bet Trump has moved a fair bit of his corporate holdings into other jurisdictions, but losing the business certificates is still going to hurt A LOT if it holds up on appeal. And fines of up to over $250M might even hurt him worse.



e pluribus unum
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Re: Trump and Co liable for fraud in NY case
Posted by: jonny
Date: September 26, 2023 06:58PM
Interesting. This was not in the top of the hour news brief on NPR at 5 o'clock Pacific.
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Re: Trump and Co liable for fraud in NY case
Posted by: hal
Date: September 26, 2023 07:01PM
a tidbit from his deposition:

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Re: Trump and Co liable for fraud in NY case
Posted by: Ca Bob
Date: September 26, 2023 07:19PM
This guy has been doing sleaze and cheating people all of his adult life so it's not surprising that eventually, some government agency would press him on it. Becoming president didn't just give him great power, it put the spotlight on him. When everything you do is crooked and everything you say is a lie, how can you expect to get through an entire life without some legal stuff falling on you?
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Re: Trump and Co liable for fraud in NY case
Posted by: Ted King
Date: September 26, 2023 07:23PM
Quote
hal
a tidbit from his deposition:


Quote

...the numbers cannot be inflated because he could find a "buyer from Saudi Arabia to pay any price he suggests.

Of course Trump's legal argument is specious but I wouldn't be surprised if everything after the word "because" in that statement is true. It's so pathetic.



e pluribus unum
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Re: Trump and Co liable for fraud in NY case
Posted by: Steve G.
Date: September 26, 2023 09:33PM
[apnews.com]

“My Civil rights have been violated, and some Appellate Court, whether federal or state, must reverse this horrible, un-American decision,” he wrote on his Truth Social site. He insisted his company had “done a magnificent job for New York State” and “done business perfectly,” calling it “A very sad Day for the New York State System of Justice!”
-
Engoron found that Trump consistently overvalued Mar-a-Lago, inflating its value on one financial statement by as much as 2,300%. The judge also rebuked Trump for lying about the size of his Manhattan apartment. Trump claimed his three-story Trump Tower penthouse was nearly three times its actual size, valuing it at $327 million.

“A discrepancy of this order of magnitude, by a real estate developer sizing up his own living space of decades, can only be considered fraud,” Engoron wrote.
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Re: Trump and Co liable for fraud in NY case
Posted by: GGD
Date: September 26, 2023 09:50PM
Quote
Steve G.
A discrepancy of this order of magnitude, by a real estate developer sizing up his own living space of decades, can only be considered fraud,” Engoron wrote.

6' 3" 215 lbs.
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Re: Trump and Co liable for fraud in NY case
Posted by: Steve G.
Date: September 26, 2023 10:00PM
Keep talking Chinless, Stephen Colbert will be back soon.


Give me my job back, Daddy

[thehill.com]
Eric Trump railed against a judge’s valuation of his father’s Mar-a-Lago resort in a New York fraud case, claiming the Florida property could be worth over a billion dollars.

“In an attempt to destroy my father and kick him out of New York, a judge just ruled that Mar-a-Lago, in Palm Beach Florida, is only worth approximate ’18 Million dollars’…Mar-a-Lago is speculated to be worth we’ll over a billion dollars making it arguably the most valuable residential property in the country. It is all so corrupt and coordinated,” Eric Trump wrote Tuesday in a post on X, formerly known as Twitter.

In a court filing Tuesday, Justice Arthur Engoron ruled Trump committed fraud in building his real estate empire through falsely valuing multiple of his properties, including the Mar-a-Lago resort and Trump Park Avenue in New York.

On X in the wake of the ruling, Eric Trump insisted his father’s claims about Mar-a-Lago were correct, writing that the Palm Beach estate is “speculated to be worth well over a billion dollars making it arguably the most valuable residential property in the country.” He called the ruling and the lawsuit “an attempt to destroy my father and kick him out of New York.”

See ya at the homeless shelter, moron.



Edited 1 time(s). Last edit at 09/26/2023 10:01PM by Steve G..
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Re: Trump and Co liable for fraud in NY case
Posted by: GGD
Date: September 26, 2023 10:10PM
Quote
Steve G.
Keep talking Chinless, Stephen Colbert will be back soon.


Give me my job back, Daddy

[thehill.com]
Eric Trump railed against a judge’s valuation of his father’s Mar-a-Lago resort in a New York fraud case, claiming the Florida property could be worth over a billion dollars.

“In an attempt to destroy my father and kick him out of New York, a judge just ruled that Mar-a-Lago, in Palm Beach Florida, is only worth approximate ’18 Million dollars’…Mar-a-Lago is speculated to be worth we’ll over a billion dollars making it arguably the most valuable residential property in the country. It is all so corrupt and coordinated,” Eric Trump wrote Tuesday in a post on X, formerly known as Twitter.

In a court filing Tuesday, Justice Arthur Engoron ruled Trump committed fraud in building his real estate empire through falsely valuing multiple of his properties, including the Mar-a-Lago resort and Trump Park Avenue in New York.

On X in the wake of the ruling, Eric Trump insisted his father’s claims about Mar-a-Lago were correct, writing that the Palm Beach estate is “speculated to be worth well over a billion dollars making it arguably the most valuable residential property in the country.” He called the ruling and the lawsuit “an attempt to destroy my father and kick him out of New York.”

See ya at the homeless shelter, moron.

If the Palm Beach County assessors office valued it that high AND sent a property tax bill based on that value, should we assume that PAB45 will pay it, no questions asked?
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Re: Trump and Co liable for fraud in NY case
Posted by: sekker
Date: September 27, 2023 12:03AM
Just waiting for this firing to turn to pro-gun thread...
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Re: Trump and Co liable for fraud in NY case
Posted by: Mr645
Date: September 27, 2023 06:35AM
So banks and lenders for Trump don't do real estate appraisals like they do for every other loan they make? Banks can't be too pissed as they keep writing loans. According to the Palm Beach County tax appraiser Trump has real estate loans from US Bank and Wells Fargo, and paid $1.51 million in property taxes on his residence, Mar-A,Lago, which is comprised of three properties. This does not include the Mar-A-Lago private club, which is a separate entity.

Here is a home slightly larger than Trump home, and on less land in a less prime location.
beachfront mansion at 535 N. County Road sold for $122.65 million, the price recorded at the Palm Beach County Courthouse. The company that bought the house was linked to private-equity specialist Scott Schleifer

This one is a few miles South, $109.63 million, 1840 S. Ocean Blvd.
In June 2021, seasonal resident Dr. Ernst Langner of Hamburg, Germany, sold for a recorded $109.63 million the ocean-to-lake estate he and his wife.

But according to NYC, Mar-A-Lago is only worth $18 million?



"he is going to start WW3!!!!"
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Re: Trump and Co liable for fraud in NY case
Posted by: btfc
Date: September 27, 2023 06:42AM
Lock him up!
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Re: Trump and Co liable for fraud in NY case
Posted by: pdq
Date: September 27, 2023 07:25AM
…he could find a buyer from Saudi Arabia to pay any price he suggests.

A stunning admission of presidential corruption.

Exactly how and why did his son-in-law (who is not and never has been a legitimate investment manager) get $2B in Saudi money to “manage”?

Now we know.

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Re: Trump and Co liable for fraud in NY case
Posted by: pdq
Date: September 27, 2023 07:43AM
Quote
Mr645
So banks and lenders for Trump don't do real estate appraisals like they do for every other loan they make? Banks can't be too pissed as they keep writing loans.

Quote
Kara Scannell, a CNN correspondent well-versed in all of Trump’s various legal and financial entanglements; 3/22 interview

Big Wall Street banks stopped lending to the Trump Organization more than a decade ago following Trump’s bankruptcies and litigation – apart from German lender Deutsche Bank, which was trying to make a mark in the US. Deutsche Bank, which has loaned the company more than $300 million, said after the January 6, 2021, attack on the US Capitol that it would no longer do any future business with Trump.

So now, any new loans are coming from small banks (like Axos Bank, formerly known as “Bank of the Internet” RollingEyesSmiley5 ) that share a certain similarity:

Quote

…its president for more than a decade has been Greg Garrabrants, a Trump supporter… He and the chief credit officer, who signed the loan agreement, have donated thousands of dollars to Republicans, Trump and Trump-related campaigns in recent years.

Basically, more corruption, trying to curry favor, waiting for their big payoff down the road.
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Re: Trump and Co liable for fraud in NY case
Posted by: pdq
Date: September 27, 2023 08:12AM
Quote
Mr645

But according to NYC, Mar-A-Lago is only worth $18 million?

No, that’s according to the Palm Beach County accessor. Take it up with him/her.

But I presume he/she did that as a favor to Trump, to reduce his property tax bill, probably after badgering by Trump.

The thing is, you can’t have it both ways, you know?
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Re: Trump and Co liable for fraud in NY case
Posted by: Mr645
Date: September 27, 2023 08:21AM
Quote
pdq
Quote
Mr645

But according to NYC, Mar-A-Lago is only worth $18 million?

No, that’s according to the Palm Beach County accessor. Take it up with him/her.

But I presume he/she did that as a favor to Trump, to reduce his property tax bill, probably after badgering by Trump.

The thing is, you can’t have it both ways, you know?

So all you have t do is badger the county tax office and they lower your appraised value? I live in Palm Beach County, I should try that trick.

PBC property tax rate is 1.11% and Trump paid $1.51 million in property taxes for the 3 plots that make up his home. Do a little math



"he is going to start WW3!!!!"
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Re: Trump and Co liable for fraud in NY case
Posted by: DeusxMac
Date: September 27, 2023 08:56AM
Quote
Mr645
Quote
pdq
Quote
Mr645

But according to NYC, Mar-A-Lago is only worth $18 million?

No, that’s according to the Palm Beach County accessor. Take it up with him/her.

But I presume he/she did that as a favor to Trump, to reduce his property tax bill, probably after badgering by Trump.

The thing is, you can’t have it both ways, you know?

So all you have t do is badger the county tax office and they lower your appraised value? I live in Palm Beach County, I should try that trick.

PBC property tax rate is 1.11% and Trump paid $1.51 million in property taxes for the 3 plots that make up his home. Do a little math

Typical and transparent! nuts smiley

You completely avoid and ignore the fact that you literally just claimed...

"But according to NYC, Mar-A-Lago is only worth $18 million?"

MAGAt SOP; When the facts contradict your claims, just ignore them.
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Re: Trump and Co liable for fraud in NY case
Posted by: pdq
Date: September 27, 2023 09:47AM
Quote
Mr645
Quote
pdq
Quote
Mr645

But according to NYC, Mar-A-Lago is only worth $18 million?

No, that’s according to the Palm Beach County accessor. Take it up with him/her.

But I presume he/she did that as a favor to Trump, to reduce his property tax bill, probably after badgering by Trump.

The thing is, you can’t have it both ways, you know?

So all you have t do is badger the county tax office and they lower your appraised value? I live in Palm Beach County, I should try that trick.

PBC property tax rate is 1.11% and Trump paid $1.51 million in property taxes for the 3 plots that make up his home. Do a little math

As I said, take it up with the PBC assessor. That's the amount ($18 to 27.6M) in the legal record.

But I bet you still believe Trump paid millions and millions in Federal income taxes and not $750 a year. (And zero in 2020). (And contrary to his protestations and law, he was not audited in his first two years of his presidency.) And of course, he said he couldn't release his taxes as a candidate while under audit (false) but assured us that he would later (also false).

He's really diligent about tax avoidance, like any "billionaire, successful businessman" (who claimed huge net losses to the IRS throughout his presidency). But he's not nearly as diligent in telling the truth about them.

But that doesn't matter to his fawning supporters, does it?
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Re: Trump and Co liable for fraud in NY case
Posted by: gabester
Date: September 27, 2023 09:51AM
Quote

On X in the wake of the ruling, Eric Trump insisted his father’s claims about Mar-a-Lago were correct, writing that the Palm Beach estate is “speculated to be worth well over a billion dollars making it arguably the most valuable residential property in the country.” He called the ruling and the lawsuit “an attempt to destroy my father and kick him out of New York.”

See ya at the homeless shelter, moron.

Wasn't there something specifically about people not being able to live there?



g=
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Re: Trump and Co liable for fraud in NY case
Posted by: Lemon Drop
Date: September 27, 2023 11:48AM
The failsons are having a rough time lately. They may actually need to seek employment.
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Re: Trump and Co liable for fraud in NY case
Posted by: hal
Date: September 27, 2023 01:27PM
another tidbit:

"There is a powerful Disclaimer Clause on the first pages of the Financial Statements it states that nothing in the financial statement should be excepted as fact!"
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Re: Trump and Co liable for fraud in NY case
Posted by: hal
Date: September 27, 2023 02:11PM
Quote
gabester
Quote

On X in the wake of the ruling, Eric Trump insisted his father’s claims about Mar-a-Lago were correct, writing that the Palm Beach estate is “speculated to be worth well over a billion dollars making it arguably the most valuable residential property in the country.” He called the ruling and the lawsuit “an attempt to destroy my father and kick him out of New York.”

See ya at the homeless shelter, moron.

Wasn't there something specifically about people not being able to live there?

it was a local law that they were happy to undo to have the former prez living in their midst...
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Re: Trump and Co liable for fraud in NY case
Posted by: Ted King
Date: September 27, 2023 03:28PM
Quote
hal
another tidbit:

"There is a powerful Disclaimer Clause on the first pages of the Financial Statements it states that nothing in the financial statement should be excepted as fact!"

The law requires that the financial statements had to be reasonably accurate for the purposes they were submitted to banks and insurance companies so that's not going to excuse them from following the law.

I think I heard a while back that it was the separate financial outfit that put together those statements that added the "nothing in the financial statement should be excepted as fact" part because, though they crunched the numbers by the book, the numbers they were working with were provided by Trump and his financial cohorts. I'm sure they knew that the numbers they were given were BS. IOW, they were trying to cover their butts.



e pluribus unum



Edited 1 time(s). Last edit at 09/27/2023 03:30PM by Ted King.
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Re: Trump and Co liable for fraud in NY case
Posted by: Acer
Date: September 27, 2023 03:39PM
I'm gonna add "These financial statements may be complete horse hockey" to my next mortgage app and see how it flies.
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Re: Trump and Co liable for fraud in NY case
Posted by: RgrF
Date: September 27, 2023 04:53PM
Quote
Acer
I'm gonna add "These financial statements may be complete horse hockey" to my next mortgage app and see how it flies.

Get yourself into a "too big to fail" position, it'll work.
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