Trump Cannot Get $464 Million Bond in New York Civil Case
“…efforts ‘have included approaching about 30 surety companies through 4 separate brokers.’”
(I’m writing this in the car on my phone. Apologies for any missed errors!)
Former President Donald Trump cannot get the $464 million bond required in the New York civil case. AG Letitia James threatened to seize assets if he cannot post bond:
Trump’s lawyers said in a court filing that “ongoing diligent efforts have proven that a bond in the judgment’s full amount is a ‘practical impossibility,’” adding that those efforts “have included approaching about 30 surety companies through 4 separate brokers.”
When a defendant appeals a civil judgment, the defendant can prevent collection efforts while the appeal proceeds by either posting the full amount into an escrow fund or securing a third-party bond to guarantee the full amount.
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Comments
Sickening.
It is sickening! There should be a law forbidding bondsmen from rejecting anyone.
Someone should be forced to lend money!? No, that’s just daft. You’ll just have bondmen leave the industry meaning even more people lose access to justice.
Uh no. It’s more that bondsmen shouldn’t be under the control of a corrupt government.
Making stuff up isn’t much of an argument
Lesson, don’t live and work or invest in New York.
Are other businesses preparing to leave NY? They should be.
Maybe a dumb question: Can he get a bunch of smaller amounts from different companies that total that amount?
The problem isn’t finding a bond company that is capable of writing the bond. The problem is finding a bond company that will issue a bond for anything less than 100% collateral. Even if you had 10 bond companies willing to take a portion of the $464M, each bond company would still want 100% collateral for their respective exposure. This is likely all additionally complicated by the ownership structure (some of which may prevent him from leveraging the property) of Trump’s real estate assets and the leverage that already exists against his assets. Put more simply, he may not have $464M in collateral absent selling some properties outright.
More significantly, anyone issuing the bond will be attacked and destroyed just like Trump.
They have been scared away.
More like threatened.
Well, Chubb CEO defends backing Trump appeal bond in another of his cases. So some companies are willing to do so.
Which is the entire point of the lawfare against Trump – to provide an example of how the Deep State can isolate and destroy someone with the purpose of anyone following in his footsteps.
It wouldn’t surprise me if bond licensing regulators have told them that their license is at risk should they write that bond.
Bingo!
And, given the legal ramifications of the case, none of them will be allowed to underwrite based on the valuations they receive from Trump. Or any realistic valuations, for that matter. The best they could probably do – without facing persecution from James – is dime on the dollar.
Allowed? You are implicitly claiming that bondsmen are forbidden from putting up a bond without collateral. That requires serious proof.
The idea that you have to post a bond for the full amount of a judgement in order to appeal it has always been insane, and simply encourages POS partisan hacks like this judge to enter insane judgements that they know can’t be paid specifically to prevent appeals.
Posting bond for bail is fine because it serves as surety that you’re going to actually show up to court if released.
But this crap is LUNACY. The hack judge entered an insane judgement for which there is absolutely NO precedent in the history of the state.
it’s almost the equivalent of debtors prison
Meh, it also prevents the winning plaintiffs from being stiffed for the judgment at trial. Corporations love to spin out the payment as long as possible to wear down the plaintiffs. If the amount of the judgment didn’t have to be posted during appeals then the defendant could keep spinning it out with delay after delay using every option a staff of clever corporate defense attorneys could come up with. All in order to try and get a settlement less than the plaintiffs won at trial. Requiring the escrow deposit after a trial judgement evens out the playing field.
Exactly this. However, the plaintiff in this case is not even a victim. This is simply a fine…not a damage liability judgment.
I didn’t state that it was. I am merely pointing out the real world reasons for the validity of requirement to post a bond in the amount of the judgment in order to appeal.
Your observation is better directed at Olinser who didn’t narrow the application of his ire but instead made a very broad argument, without stating any limiting principle, against the requirement to post a bond to appeal for seemingly every case.
But in this situation the party that expects the payout 1.) has effectively unlimited resources; and 2.) isn’t going away any time soon.
The ‘payout’ goes into escrow. The State of NY doesn’t get access to the funds in escrow until the appeals process is complete and they secure a victory in that appeals process.
but the plaintif doesn’t get the money until the appeal(s) are decided,..right?
Correct. The funds are held in escrow by the Court. Just as in the decision against Oberlin.
Except in this case there IS NO PLAINTIFF. The ‘plaintiff’ is the government. That money (if it is paid), is going to the government.
So that excuse doesn’t hold water.
There is ZERO justification for demanding that a penalty being paid to the government have a bond posted in order to appeal.
Because state wasn’t actually harmed by Trump there is no party awaiting being made whole. Should Trump not pay up, nobody is actually out $464 million or any part of it.
Excuse? Nope. It’s an explanation of why it is in general important to ensure the amount of the judgement be placed into escrow.
If you want to narrow the scope of your overly broad original statement to focus on the unusual circumstances here in this particular instance that’s totes fine with me but at least be willing to acknowledge that your original statement was too broad.
No. Olinser is right.
“The idea that you have to post a bond for the full amount of a judgement in order to appeal it has always been insane, and simply encourages POS partisan hacks like this judge to enter insane judgements that they know can’t be paid specifically to prevent appeals.”
The way this is done allows SPECIFICALLY for this type of abuse.
It allows the government to effectively end the process by making the defense’s next step impossible.
It is an open and direct violation of the 8th Amendment.
It is an open and direct violation of the 8th Amendment.
IOW, what separates this case from any other case is that the gov’t is claiming to be the plaintiff, with all the powers associated with it?
Azathoth,
You are looking at the responsibility of a defendant to post a bond to appeal the decision of the trial CT as if it is unique to Trump. It is NOT unique. That’s the practice.
Now if y’all want to say the ideological prosecutor here who literally ran on the promise to ‘get Trump’ and incredibly biased, IMO, Judge are using this common practice in setting and demanding an exorbitant fine be bonded as a weapon against Trump…..yep I agree 100% with that argument.
The Forrest y’all are missing here against the backdrop of this particular tree is that this isn’t unique. It is an expected consequence of this whole sham trial. This outcome was one of the known problems those of us who expressed anything less than full throated support for Trump in the primary tried to tell y’all about.
Doesn’t change the fact I will.support the GoP nominee who is for all practical purposes Trump even if not ‘official’ until the GoP nominating convention.
“You are looking at the responsibility of a defendant to post a bond to appeal the decision of the trial CT as if it is unique to Trump.”
The CHARGE is unique to Trump.
He is being charged[–and convicted– of a normal business practice, completely legal in every way.
Nothing in any way illegal was done here.
And nothing can be separated from that fact.
On this charge being unprecedented we agree. Though it does demonstrate the extraordinary lengths the leftists will go to try and ‘get Trump’. Which is itself evidence that the vitriol towards other potential candidates pales in comparison to the irrational hate they hold for Trump. They hate his ass with the heat of 1,000 suns and will seemingly stop at nothing to derail him via lawfare.
The justification is the law and caselaw, the judgement clearly sets out the relevant law. View it as the removal of assets and monies resultant from illegal activity, its akin to taking the assets of a drug dealer because those assets are purchased through drug money.
The bond posts the full amount. You typically post a fraction of that and the bond takes note of the collateral (which has to be easy to liquidate).
This suggests two possibilities:
1. The exorbitant amount and some dirty politics are keeping companies gunshy about taking the bond.
2.Trump’s net worth is not near what he says it is.
I lean towards the former because most people don’t leave a chunk that size in a stagnant but accessible holding. There’s usually too much limit on growth potential that way. That said, it could be a combination because Trump has shown hyperbole when it comes to his wealth.
I don’t disagree with anything here. But, I would also point out that there’s not an underwriter who will issue a bond for the market price of a piece of real estate. Why? Because of the volatility of real estate (particularly commercial real estate prices) and the length of time an appeal takes, think years not weeks or months. So, if you had $1B in real estate (at current market value), maybe an underwriter would write a bond at 60% value (that may be generous).
Also, appellate bonds are generally written for 1.2x to 1.5x the value of the judgement to cover interest and potential penalties and whatnot. So, for that $454M, Trump may need to put up as much as $681M in collateral….collateral that will likely only be valued by the underwriter at 60%. He needs a ton of collateral. As I understand it, there are only two or three underwriters in the country who do this at this level.
Additionally, the bond will not have first lien rights.
So what you argue supports EXACTLY how real estate valuation is a subject of discussion—thus giving the lie to NY’s entire case against Trump.
I doubt anyone has nearly half a billion dollars just sitting around to cover something like this.
That was the entire point, as well as hamstring him to keep him out of the race. Not gonna work, the man is SISU and will never give in. He knows their game better than they do (excepting the blatant Lawfare where “the law” becomes unlawful…but no one could have fully seen that coming.)
2.Trump’s net worth is not near what he says it is.
Or, maybe, it’s that the companies know that whatever collateral they get from Trump will lose value specifically because of the crap the judge pulled in this case.
The theory being everyone would appeal to avoid paying. But it isn’t like interest isn’t running. It does not stop Trump appealing, but the lack of bond means the State of New York can start foreclosing on his properties.
In my state (not New York), the taking of an appeal does not prevent the plaintiff from executing upon (collecting) the judgment while the appeal is going on. A losing defendant who wants to prevent that can stay execution during the pendency of the appeal by posting a bond executed by a licensed bondsman for the full amount owed, plus interest and attorney’s fees that might reasonably be expected to be added to the amount owed accruing during the appeal..
A party who does not post a bond can still appeal. It just means the plaintiff can execute the judgment during the pendency of the appeal. If a plaintiff does so, and the defendant wins, the plaintiff is supposed to give the money back. (Assuming they still have the ability to do so, and if the plaintiff doesn’t still have the full amount, the defendant is left with an uncollectable debt it really shouldn’t have ever had to pay. Sorry, defendant. The legal system screwed you).
The big problem with New York law, as I understand it, is that it requires Trump to post a bond for the full amount of the judgment IN ORDER TO PURSUE AN APPEAL. (I have read this in a couple of sources, although frankly I still kind of find it hard to believe).
In my state, which has held their is a constitutional right of access to the courts, I am confident that such a requirement would be held unconstitutional.
If this is New York law, and it is enforced, it means a judge could do just what Engeron did here: Unilaterally impose an illegal and outrageous remedy which the losing party doesn’t have the means to pay, and thereby prevent that party from obtaining relief from that illegal and outrageous remedy.
If that is how the New York courts in fact interpret and apply their law, I think Trump may have to look to the federal courts for his remedy.
Wisewerds: A party who does not post a bond can still appeal.
That’s true in New York. The bond stays collection proceedings, but it does not mean Trump can’t appeal. (See CPLR § 5519, §2502.)
Note to everyone, the Z is a group of highschoolers who are in a debate club. They don’t know squat but will make little idiotic statements.
And at what point does the state have to repay Trump if he wins an appeal?
After all, if they take the value of property from him, then he no longer has to meet the high bond, he can then appeal?
Why wouldn’t New York be required to put his property in escrow pending his appeal of the entire case?
New York at this point is indictment of America.
Who will light Wyatt’s Torch?
Wyatt wasn’t a con man.
And neither was Trump.
His record says otherwise.
Clear Eighth Amendment violation on this one.
As the prior comment intimates, there is a Consitutional violation for imposing an excessive fine. Once Trump’s request is rejected in state court, maybe he will file in federal court for declaratory judgment or a writ of prohibition, or some other theory, to allow the Consitutional claim to be adjudicated.
What’s the appropriate fine for over a decade-long pattern of fraudulent activity involving at least hundreds of millions of dollars?
Congress should also have to answer to this.
The Presidency?? Ask Joe Biden
They did but it turned out it was Republican projection
Okay, you got me on that one. 🙂
First, there has to BE an “over a decade-long pattern of fraudulent activity involving at least hundreds of millions of dollars”.
So far all the leftists have done is decree that there was such. They have not even found one of their own, who has done business with Trump, to testify that they were defrauded.
So please, go find a fire.
“So far all the leftists have done is decree that there was such” Making up financial statements and providing deliberately inflated valuations is by definition fraud.
Actually all the Trump witnesses testified is that they took Trumps financial statements as estimates, that doesn’t negate the fact the statements were fraudulent. You just aren’t responding to the facts the court considered.
” Making up financial statements and providing deliberately inflated valuations is by definition fraud.”
Yes.
And it didn’t happen.
Over and over you have all been told how these transactions work.
The borrowers comes to the lender and asks for what they need, with the collateral THEY SAY backs it.
The lender then uses their staff of appraisers to see what the value actually is.
This is not just SOP, in many places it is required–and the parties must sign documents should they agree to waive it.
But the statements are not fraudulent. They CAN’T be–because a person who owns a thing decides at what price they’ll sell a thing.
If Trump says ‘I would sell Mar a Lago for a billion’ it doesn’t matter what any appraiser–other than the one representing the lender– says. Because Trump can sell the sale price for anything he owns.
And despite what Leticia James and that fool judge say, the lender can accept it at face value IF THEY SO CHOOSE.
There was no crime, no fraud.
The ONLT time the state should step in is if there’s a default and the borrower can’t pay.
@azathoth
You pretending trump didn’t lie on his financial statements isn’t much of an argument. As you’ve been told, the lender relies on the facts provided. It’s what the witnesses to the case state , read the judgement. What part of that do you not understand. At this point you just aren’t grasping the reality.
What lol, the seller doesn’t determine the price the market does. That’s why valuations exist at all, to try and determine what the market will actually pay for it. He tried valuing mara lago as if it was a residential property but that’s just a legal impossibility due to the restrictive covenants etc on the property
With respect to the lender, again they relied on the financial statements. This is the point they were fraudulen at statements. Good grief
“As you’ve been told, the lender relies on the facts provided”
As I’VE told you, the lender DOES NOT rely on information provided by the borrower.
EVER.
But, if they were to choose to do so, they are within their legal rights to do.
Likewise, the seller can put whatever price on a property they want, and sell it at that price. This has nothing to do with valuation.
Valuation is done by a lender and does not rely on financial statements or property descriptions provided by the borrowers AT ALL.
The lender conducts their own, independent valuation ALWAYS.
I know this because I work in this field. I have marshalled a slate of appraisers. for a lender.
Mar a Lago IS a residence–in fact, it BEING a residence is in those covenants you seem to think Trump was hiding. Trump UNDERVAUED it.
And the leftist persecuting him-well, they understand business as well as you do, i.e. not at all.
@Azathoth
“As I’VE told you, the lender DOES NOT rely on information provided by the borrower.”
Read the judgement, the witnesses say otherwise, or are you going to pretend the witnesses said something else.
“Likewise, the seller can put whatever price on a property they want, and sell it at that price. This has nothing to do with valuation.”
No they cant because the market dictates the price not the seller. Valuations seek to predict the market rate, what the market wants to pay for an asset. Its an idiotic statement to say the seller dictates the value, just think about that for one second
“I know this because I work in this field. I have marshalled a slate of appraisers. for a lender.”
Clearly not given the factual mistakes you’ve made. Lenders use 3rd parties sure, but that’s not true in all instances. Indeed the witnesses specifically state in this case that they relied on the statements provided.
“Mar a Lago IS a residence–in fact, it BEING a residence is in those covenants you seem to think Trump was hiding.”
No its a club, that’s just the legal reality. The only reason Trump can use it as a residence is because he is a bona fide employee of the club. That’s it. Those covenants specifically state its a club. You’re just wrong.
“And the leftist persecuting him-well, they understand business as well as you do, i.e. not at all.”
Given your poor grasp on the facts, this appears to be pure projection.
Azathoth, Over and over we have been subjected to the same vacuous smoke screen.
You would have us believe that lenders require SOFCs and then ignore them. You would have us believe that any attempt at an independent appraisal would not encounter and be corrupted by the same lies that are in the SOFC. Neither idea passes the smell test.
Next, you are not allowed to make !@#$ up on a statement of financial condition (SOFC). Trump and the other defendants did. Lots of times and involving big $$$.
Third, Executive Law 63(12) does not require that the fraud attempt be successful to be illegal. You are claiming that “I missed” is a valid defense against an attempted murder charge. You tried, but no injury, no crime, right?
Read the decisions instead of whatever you’re getting spoon fed. If you can’t read them and say “I’d rule against anyone pulling that crap” then we really have nothing to discuss.
https://s3.documentcloud.org/documents/23991865/trump-ny-fraud-ruling.pdf
Neither of you have a clue as to what you’re talking about.
The lenders testified that they did their own appraisals.
And an SOFC is NOT a property valuation. An SOFC is used to determine the ability to pay back the loan. The appraisal is used to determine the value of the collateral that will be used as recompense if the loan is not paid back.
Again, you have no idea what you’re talking about.
There WAS NO FRAUD.. It was not attempted. It was not there.
When you go for a loan, you paint the best possible picture of the collateral. You paint the best possible picture of your financial condition.
And then the lender does their own assessment.
And then, you haggle and meet at a mutually agreeable point.
Why do you idiots think it’s called ‘The Art of the Deal’? There are no convenient price tags. No checkout where you can show your EBT cards.
The entire process is haggling and verifying.
What happened with Trump –and with ANYONE who has ever taken out a loan– is normal business practice.
And make no mistake, if you have ever taken out a loan through a bank or lender, YOU have done EXACTLY what they’re trying to convict Trump of.
Azathoth,
– Several insurance underwriters and bank employees testified that they did rely on the SOFCs to be truthful, accurate, and complete.
– Multiple appraisers testified that the defendants made up values and then falsely attributed those values to them.
– Trump’s accounting firm dumped him and stated he should inform everyone that received an SOFC that it should not be relied on.
– Many loans required yearly SOFCs to maintain the loan proving the lie of the “it’s just a starting point for negotiations” claim.
– NYC Parks department was also the recipient of fraudulent SOFCs and No MAC Letters (No Material Adverse Change Letters).
Please read the actual rulings instead of what you think you know.
You might want to look up the definition of “fraud” before making that claim.
Preparing, signing, and transmitting false documents are acts of fraud.
PS No action or inaction by the recipient can absolve the fraudster of liability.
To be precise Executive Law 63(12) says “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.” (emphasis mine)
Not $450 million, especially when the “victim” is a phantom.
Define disgorgement. Lets see if you actually understand what the case is about.
Well, another voter season troll coming to visit. Never heard from before, never to be heard from again.
No, he’s been in occasionally before just like that moron Zachriel and BartE, they only show up to spew whatever talking point the left is currently using.
We almost certainly got linked by some far-left site that they frequent, and that’s why they showed up here.
Its funny that you seem unable to counter anything stated though.
Us facts
You feelings
I haven’t said anything “left wing”.* If you think I have then read the actual decisions then take a long look in the mirror.
* My comment at the very top is sarcasm. I mistakenly believed it was obvious enough to not need a /sarc tag.
Sorry to see you go.
Is that question for hunter biden?
IMO it would be very good for the country if a guy like Bezos or Zuckerberg or Buffett put up the $450M (secured by properties) out of pocket change, basically saying, “Enough is enough, this is not how our country is supposed to work.” If no one does, this country is finished.
Something tells me Musk will be the one that ignites the flame.
Musk is the only hope
JB4 – that is not going to happen – the three you mentioned are far leftists
You do realize that those are gigantic mega libs who have as their flags the pride flag right?
The amount was intentionally set to be too high to meet. Destroying President Trump was always the goal, after all.
Very probably so. Which is one reason many of us tried to alert some of y’all to these sorts of known/foreseeable pitfalls of selecting Trump as the nominee.
For better or worse he’s the guy at the top of the ticket now, baring some insane circumstances. We should all support his candidacy but no one can reasonably claim that the level of dirty tricks/law fare crap is not expected or that these attacks won’t land a little harder/more effectively against Trump given the sheer volume that has already been launched at him since 2015.
If any other candidate were a threat to the system, they would be punished, too. And if they aren’t a threat to the system (e.g.: Birdbrain), then they aren’t even worth supporting.
You could name the assets other people have in NEW BLOODY YORK CITY??????
Quick one other candidate who has his primary assets in New York City ready to be seized.
True, though other candidates would definitely not face the same sort or sheer volume of legal issues that Trump does. To suggest otherwise is unserious. That’s the point we tried to make to ‘Only Trump’ folks.
Bottom line though is Trump has all but secured the GoP nomination and as I have repeatedly stated we MUST support his candidacy. Warts and all he is for better or worse the presumptive nominee.
His defeat in court in NY at the hands of an openly partisan DA is one of the warts. So is the case in GA. So is the Federal case. So are the ballot removal cases. All of which serve to weaken him by distracting his focus from what should be the GoP nominee’s first priority; winning the damn election. Please don’t act surprised or upset at all these issues for our nominee b/c some us told y’all it was coming.
No they wouldn’t have to withstand the legal issues, but every conservative of record that did not toe the establishment line since the Clarence Thomas appointment has had to withstand some of the most dirty tactics ever conceived. Truth is the establishment (left and right combined) has proven that the are only about power and money, and will do anything to keep it.
“True, though other candidates would definitely not face the same sort or sheer volume of legal issues that Trump does. To suggest otherwise is unserious. That’s the point we tried to make to ‘Only Trump’ folks.”
And you were wrong.
What is being done to Trump was done to Alex Jones. There are several attempts in process to do it to Elon Musk.
There is no justice system any longer. There is only a leftist weaponized court system designed to punish enemies of the state.
Legal issues will be manufactured as needed.
Trump has done literally nothing illegal. Not one thing. Charges were manufactured.
One ‘felony’ Trump is charged with is telling people to watch a publicly available video.
You live in a fantasy world if you think ANY candidate that is not wholly owned by the junta is safe from this.
Azathoth,
You state that I was wrong in arguing that ‘other candidates would definitely not face the same sort or sheer volume of legal issues that Trump does’.
Then you offer Alex Jones and Elon Musk as examples to ‘prove’ your argument. Neither of those Men are candidates for President. Heck Musk can’t be President b/c he is a naturalized Citizen.
If you want to.say that every candidate who isn’t a d/prog in good standing with ruling Junta of the d/prog hierarchy will face unfair attacks and often false allegations or BS innuendo smear campaigns for things they neither said or did……you would be correct. But saying that every alternative would face the SAME sort or Same volume of legal issues is false. See Ramaswamy and DeSantis and tell me where the SAME legal issues are, you can’t b/c they don’t exist to the same degree, same allegations or even the sheer number.
They were already gearing up for Ramaswamy on pharmaceutical and trading issues.
And, if you don’t understand that DeSantis was manipulated yet, I’m not sure what to tell you.
DeSantis was enticed in–he wasn’t one of them –he is –or was– MAGA– to divide the party when it should have been unified from day one AND to destroy the 2028 threat of DeSantis.
They got him to believe that Trump was too damaged, that it’d be another four years of the Biden junta.
I really hope that DeSantis can salvage his career from what the nevertrumpers did to him.
‘Gearing up’ doesn’t = existing grand jury indictments in multiple States and at the Federal level which Trump already faced.
No doubt whomever the GoP nominated would face some level of law fare and innuendo/smear attacks. Trump unquestionably had more in the hopper and that was my point. For better or worse he is gonna be the GoP nominee and we should all support his candidacy.
None of us should act surprised as if his legal issues have magically appeared or fallen out of the sky unexpectedly. Many of us knew this and understood they would not only distract his focus away from the campaign (how could they not when facing potential imprisonment at his age + loss of his business) but also continue the ongoing character assassination against him waged since 2015.
Pointing out these things doesn’t make us ‘never Trump’, it just makes us cold hearted, cynical realists who see.the world for what is; dog eat dog. We’re past the point of selection so warts and all, multiple legal issues and all Trump is our guy. Embrace the suck,.cinch up the.straps on your ruck,.lean forward and march or die b/c that’s the only option: victory over Biden
@Azathoth
Are you defending Alex Jones!? the fraudulent lying shit bag
Go away
Hmmm. ‘Shut UP’ cried the former d/prog who actively campaigned for exactly the sort of d/prog politicians and d/prog policies that have brought our Nation to it’s knees.
Hard Pass. I don’t take political advice from recent converts to the populist right movement I’ve been a part of since ’92. Glad to have you in the congregation but kindly continue learning the populist right ‘catechism’ before attempting to offer lectures. The ‘new guy’ doesn’t get much voice in any arena.
So you are a caver. You would rather stick with the same old, same old, Republicans who promise and then cave to the left as usual. NO thanks. At least with Trump, we go down fighting for America.
No not at all. Trump is the GoP nominee and I clearly stated we must support his candidacy. My issue here is with all the ‘Only Trump’ folks who castigated all of us who had any reservations about selecting Trump as the nominee.
If you want to accuse me of saying ‘I told you so’ that’s a fair criticism. However, I am not a ‘caver’ or a rino, I am a right wing populist with libertarian beliefs and have been in this same niche since the 1992 campaign. Welcome to all you late comers from the Tea Party era and even later from 2015/16 who did finally make the move to populism…it’s been kind of lonely and we frankly need the help. Glad to have you onboard.
Hopefully with our support Trump wins in Nov. Frankly the Nations can’t survive another term of Biden. Then Trump has another opportunity to build the damn wall which, as I am sure you recall, he promised in his 2016 campaign but failed to deliver. Please spare us the excuses that Paul Ryan and McConnell were somehow able to prevent Trump from doing so. He could have used his VETO but choose not to use the most powerful weapon a President holds so spare us the ‘fighter’ claims for a guy who choose not to fight to get central campaign promise, border wall, across the legislative finish line.
My issue here is with all the ‘Never Trump’ folks who castigated all of us who understood that Trump was the nominee from the moment the GOPe let the election be stolen.
If they had managed to pull their heads from their asses long enough to see what the actions of the left, and the actions of the left supporting GOP had actually done to the country they would have understood that the only way to go was to unite for once, quickly and decisively and begin fighting the left with everything we had immediately.
In short, to act as if the valid president was running as an incumbent.
Instead the GOPe, the leftist controlled portion of the Republican Party, forced a very public fight and allowed this travesty of bogus court cases to happen.
They empowered the left so much that the mask came completely off.
Now the left openly advocates destroying representative government, destroying the rule of law, destroying the bill of rights. They openly advocate pedophilia, and extermination, first racial and then of the ‘useless eaters’.
Because YOU and YOURS empowered them.
How?
Like this–
” Please spare us the excuses that Paul Ryan and McConnell were somehow able to prevent Trump from doing so. He could have used his VETO but choose not to use the most powerful weapon a President holds so spare us the ‘fighter’ claims for a guy who choose not to fight to get central campaign promise, border wall, across the legislative finish line.”
Why did Trump have to negotiate with the GOP for the wall? To get rid of Obamacare? Why didn’t the Republicans –who had a majority the first two years of Trump– greenlight EVERYTHING we ever wanted?
NEVERTRUMPERS.
That’s why. The Leftist GOPe preferring their masters to making America ever greater.
What you people need to to is shut the hell up and LISTEN to the people who know better.
Azathoth,
You got me mistaken for:
1. A rino
2. A never Trumper
I have been arguing in favor of a halt to all immigration for more than decade. Before that I was arguing for a limited, merit/skills based immigration.
I was arguing for tariffs and an end to NAFTA long before you showed up. For that matter we should follow Gen Washington’s advice to ‘avoid entangling alliances’ and end our participation in NATO and UN. Withdrawal doesn’t mean we can’t help out Internationally if Congress votes the authority to do so on a case by case basis for each future event, just means we are not obligated to do so.
Y’all got your wish and Trump will be the nominee in ’24. Lets hope he fulfills his campaign promises this time if he is elected (build the damn wall) and doesn’t enable the tyrannical tendencies of the federal bureaucracy as happened in Covid mania but instead vigorously rejects their posturing and attempts to roll him like Ryan/McConnell did in an uncompromising manner; use the damn VETO if there isn’t full funding for a border wall and a robust interior immigration enforcement that makes the Eisenhower admin seem tame.
You got me mistaken for:
1. A rino
2. A never Trumper
Do I?
“Lets hope he fulfills his campaign promises this time if he is elected (build the damn wall) and doesn’t enable the tyrannical tendencies of the federal bureaucracy as happened in Covid mania but instead vigorously rejects their posturing and attempts to roll him like Ryan/McConnell did in an uncompromising manner; use the damn VETO if there isn’t full funding for a border wall and a robust interior immigration enforcement that makes the Eisenhower admin seem tame.”
Not seeing it.
Still wondering how you think he was gonna build that wall while he had to fight GOPe every step of the way AND THEN fight the left.
Nevertrumpers screwed him from day one. And thereby screwed America.
“Let’s hope”? Stay the hell out of the way, vote like Republicans and we won’t HAVE to ‘hope’. If the nevertrumpers hadn’t screwed everyone those promises would be in the rear view, and there wouldn’t Be a ‘President Joe’ and we’d be looking forward to the 2028 presidency of Ron DeSantis right now–with only feeble leftist resistance.
You may not be a nevertrumper –you may be worse. Like that shrieking harpy that Ann Coulter has become since Trump turned out to be just a man after all.
Trump does ALMOST everything you want. ALMOST. And for that lack of perfection HE MUST PAY.
Because he did not irrevocably set the nation to rights in the three years he had.
At least a rino has the excuse that Trump’s not left wing enough for them.
How? Easy. Veto any and every spending bill submitted to him that lacked full funding for the border wall. It was that simple. Would it have taken more political will than most Presidents? Absolutely, but it wasn’t complicated.
Do that and it would force Ryan/McConnell to either go back and get his funding or risk splitting the GoP into a two factions:
1. Rino, establishment types
2. Populist, Tea Party, MAGA types
Neither Ryan nor McConnell would IMO, be willing to risk splitting the party and opposing in the open in a very public way the signature campaign issue of a newly elected President at the height of his popularity. Unfortunately we will never know b/c Trump for some reason didn’t choose to fight the rino wing with his most effective weapon, the VETO.
All I wanted out the guy was a damn border wall. As you know we didn’t get it.
In a second Trump admin gonna want more. Border wall+interior enforcement and deportation # that make Eisenhower look tame. Then I expect him to finish tariffs and at least not sell out the 2A to gun grabbers. It would be nice if we could prosecute all those who violated our liberties during Covid but I doubt that one happens.
While I would have preferred someone else Trump is the party nominee so we gotta support his candidacy that’s the purpose of a primary, to let everyone have a say and get some actual votes cast to see who can garner the nomination. We did that and Trump won so maybe consider taking ‘yes’ for an answer.
Fines are supposed to hurt. Otherwise they’re pointless at best.*
* Economists have found examples where minor fines _increase_ the undesirable activity.
A man had punched someone and was dragged into court by the victim. The judge fines the man $50. The man pays twice that, then punches the victim again.
You people sure do like making a lot of excuses for Trump, maybe next time don’t commit fraud
Please point out, in DETAIL, the fraud Trump committed.
What lol, he inflated his financial worth including but not limited too lying about the sq ft of his apartment, inflated the value of properties despite facts to the contrary for example Mara Lago pretending it could be valued as residential even when the legal situation is it cant, The Financial monitor has already highlighted serious issues including loans for large amounts that appear fraudulent.
Lets be clear Trump has been caught and found liable multiple times for fraud, when are you going to stop pretending you have a point?
You might want to look up the definition of “fraud.”
Then attempt – without reference to the joke trial – to explain how Trump committed said act.
Lying on financial statements in order to get loans or better rates on loans, please do try and keep up
Fûck off asshat.
Some ones triggered, such a snowflake
Considering the overall trajectory of this case, it seems highly likely that any bond companies that Trump might approach have been leaned on.
…leaned on with extreme prejudice.
They don’t have to lean very hard.
1. Many of these companies are infested with Harvard lefties. 2. The don’t have to be directly threatened to see the way it will go for them if they step out of line.
Have you looked at what Harvard looks like recently?
Unfortunately nobody New York or otherwise has to lean on any part of the financial industry for it to be Dem.
They don’t have to have been leaned on. Trump’s assets were “leaned on” and bond writers know someone will devalue any collateral they assume, to the point it will not cover the bond.
You will never see another young Democrat assume any power.
They expect the guilty to die before being questioned.
It amazing, the either or blindness people have. If you’re a an American liberal concerned about January 6th but have no concerns over Civil Liberties in this case or related to COVID, Social Media manipulation etc. etc. etc. We have problems as a country
No “liberal” is concerned about January 6th. There was never a threat that the US government would be overthrown by tourists wandering through the velvet ropes, and everyone knows it. January 6th is the best thing that happened to the Left. They can beat-up on legacy Americans forever and the Left-stream media never has to address the violent and deadly riots of 2020.
There was a major riot at the capitol on J6. Lots of cops were beaten and some even kidnapped by being dragged into the crowd. Drop the “tourist” narrative.
There were two deaths caused by Capitol police and a few others from the flash bangs that they threw at the peaceful crowd outside that caused heart attacks in 2 men. This was a fedsurrection. Every day there is more and more coming out, that proves this was just another set up.
Over `140 police officers were assaulted, officers committed suicide directly as a result of Jan 6th. Insurrectionists dying committing crimes is there own fault. Maybe check in with reality once in awhile.
You are either a liar or a simp. That is patently untrue.
@GWB
Its fact, many Jan 6thers are in prison because of it, beyond reasonable doubt buddy and plenty of video evidence.
Lots of cops were beaten and some even kidnapped by being dragged into the crowd.
This moves you into the Liar category.
The is plenty of video evidence. Unless you’re claiming it’s all AI or something.
Bingo!
When you realize that Progressivism is a religion, things become much clearer.
The left will be gloating over this. They don’t care about justice being served as their only objective is to get Trump no matter what they have to burn down.
At some point the Judiciary itself HAS to stand up and start shooing down these absolutely bullshit cases before they get out of hand 😂
Im laughing because the judiciary obviously doesn’t give a fuck about justice being blind. Democrats have destroyed the one branch who’s absolute impartiality was a non-negotiable and a necessary protection against America turning in to a third world banana republic.
And unfortunately there is no redeemable features to New York right now.
If you are considering investing in New York….don’t. Even if it gives a good return on your investment it makes you vulnerable to a fascist state (called New York).
This will encourage flight of capital.
Trump being held to account for obvious fraud is justice. The fact is you don’t like your man being held to account.
Ahhhhh, the Biden voter speaks.
What choice do I have lol, I mean i’m not going to vote for the senile, insurrectionist who writes love letters to dictators and spends most of his time playing golf, whining about losing and well losing all the time. I don’t vote for losers. Compare that to Biden who despite being accused of gaffs has managed to achieve a hell of a lot for the progressive agenda, sorted the economy after the mess Trump made and doesn’t lie every other word, he isn’t a total asshat and gets stuff done. Republicans proving that gov doesn’t work by being shit at governing.
Get Out of New York, If You Can
Rough politics has given way to the political weaponization of prosecutors’ offices. The price of living in and doing business in New York should not be that you have to be politically obedient.
Posted by William A. Jacobson Sunday, February 18, 2024 at 08:50pm 184 Comments
Getting out is not enough, buy nothing from any company in NYC, maybe even in the state. This conduct must be punished, think of a boycott on that scale
Those companies don’t want to become targets for insane lawsuits and endless harassment from the state.
The only way this can end right is with Letitia James and the Engoron worm both in prison. Anything short of that is a major failure of society. This is worse than the old Soviet Union.
If James collects immediately, and the appeals court overturns, then James will have to pay back what she took with interest.
So Turmp could make her collect, but that is really playing high stakes poker.
Your mistake here is assuming an AG engaged in something like this would be acting rationally.
The AG already won a judgement, I’m sorry to break it to you but the case against Trump is really strong if you think the Appellate court is going to reverse you are out of luck. The only rational thing to do is to collect the money.
I wouldn’t do it either … too high risk … too high profile … litigation takes too long … Trump isn’t exactly the most honest taco on the plate … and he has a history of stiffing people …
Why wouldn’t trump hotels be sufficient for collateral for bond?
Those properties may already be leveraged, or as operating businesses have financial covenants in place, such that they may not be available as collateral.
Why is everyone refusing to help Trump post bond?
You need look no farther than the case heard before the Supreme Court today
https://www.scotusblog.com/2024/03/justices-to-hear-nras-free-speech-argument-against-new-york-financial-services-official/
“After the Feb. 2018 shooting by a teenager at a high school in Parkland, Fla., led to the death of 17 students and staff, the head of the department, Maria Vullo, issued a press statement and “guidance” letters in which she called on banks and insurance companies doing business in the state to consider the risks of doing business with the NRA and other organizations that promote guns. Vullo also urged the banks and insurance companies to “join” companies that had cut ties with the NRA.
When several insurance companies stopped doing business with the NRA, and some banks withdrew bids for the group’s business, the NRA went to court, where it sued (as relevant here) Vullo, arguing that she had violated the group’s right to freedom of speech by threatening the companies and banks so that they would break off their relationships with the group.
A federal district court in Binghamton, N.Y., allowed the NRA’s First Amendment claims against Vullo to go forward. Senior U.S. District Judge Thomas McAvoy concluded that – when viewed together – Vullo’s statements “could be interpreted as a veiled threat to regulated industries to disassociate with the NRA or risk” action by the Department of Financial Services.
Just a few days ago Trump posted bond for an unrelated case.
How did I get three thumbs down for stating a fact without any opinion attached?
lucky ?? lol sorry could not help it …
I’m holding out for Musk
Of he can spend 44 billion on Twitter he can give the President a hand
Indeed. Despite the ridiculously astronomical amounts involved, the phrase “pennywise, pound foolish” seems applicable. I mean, if they get rid of Trump, Musk is next.
Can you name one way Elon Musk was morally required to shell out 44 billion of his own money on twitter?
Stop trying to make him the villain for not being everywhere all the time.
The way we get New York under control is by retaking the U.S. Federal government and using the levers of power, to for example pass new federal civil rights laws invalidating a states right to penalize a citizen for appeals (which is exactly the kind of law that does have support from the Bill of Rights).
Elon Musk isn’t a god, you don’t worship him and he in turn is not required to answer your prayers, and if you think he is some sort of perfect hero who will single handedly solve all of our problems…..well Elon Musk himself doesn’t think that.
You’re the one trying to use straw to make a mattress darling 😂
No one said he had to help.
No ones making him out to be a villain if he doesn’t.
Stop showing us how infected you are with leftism disease darling 😂😂
Impossible….. its too ingrained in him…… I just pray every day for a block button to be implemented on this site.
I’d be damned happy to take 4-5 trump hotels as collateral. They are productive assets. They generate massive cash flow. Even trump loses, those hotels are going to be making money for the new owner. Its opportunity of lifetime.
Claudine Gay is an accurate representative of the values those companies have. The top firms that have the kind of money Trump needs are staffed by ivy league people.
Claudine gay is DEI/CRT fraud, which appears to be disturbingly common nowadays in ivy league univerisities. Different issue though.
God forbid he state a value for properties offered as collateral — we know the fine would be whatever the claimed value, plus interest, of course.
That is easily avoidable. Trump would just have to submit honest and accurate SOFCs for the bond collateral.
Except those would be subpoenaed and scuttle his appeal…
The problem is no one should be in that position to begin with…regardless of their political affiliation.
In what position? Needing to submit honest and accurate SOFCs?
You’re right that guilt is irrelevant to political affiliation. I wish the Trump Devotion Syndrome folks would figure that out.
You mean like $18 million valuation for Mar-a-Lago?
Haven’t you heard? Lenders ignore the SOFCs so Trump can value it at $18 million and still get a billion dollar loan against it.
BTW here’s what Judge Engoron actually said:
From 2011-2021, the Palm Beach County Assessor appraised the market value of Mar-a-Lago at between $18 million and $27.6 million.
Notwithstanding, the SFCs’ values do not reflect these land use restrictions. Donald Trump’s SFCs for 2011-2021 value Mar-a-Lago at between $426,529 million (sic) and $612,110,496, an overvaluation of at least 2,300%, compared to the assessor’s appraisal. (emphasis in original)
Read that last line again. He didn’t say it was worth $18 million. He just pointed out the absurd difference between the values. He spent the previous page laying out all of the deeded restrictions on the property that greatly reduced its’ real value and the next page rightfully savaging Lawrence Moen’s affidavit. It’s worth reading.
https://s3.documentcloud.org/documents/23991865/trump-ny-fraud-ruling.pdf
There isan 8th Amendment issue with the judgement . The whole thing is unconstitutional. He was not alowwed a jury trial. Judged guilty before hearing, etc.
Trump’s team didn’t even try to request a jury trail. Can’t fault anyone else for that.
Siri, show us someone who doesn’t know how the appeal process works in NY without having to make much of an effort to show us a dumbass 😂😂
If “I changed my mind and want a do over with a jury” is a reason for appeal in NY then you’re correct that I know nothing about how appeals work in NY.
Isn’t this a violation of the 8th Amendment’s prohibition of excessive bail or fines? Requiring a cash bond of such a magnitude is beyond the capacity of most individuals or organisations. Major banks aside, who would actually have that much cash to lend?
Excessive fines are prohibited, but that isn’t excessive for over a decade-long pattern of fraudulent activity involving at least hundreds of millions of dollars IMO.
I think we’ve pretty much been down the track of there being no actual victims here precious 😂
Fraud is fraud even if no benefit accrues to the fraudster.
“Fraud is fraud even if no benefit accrues to the fraudster.”
Yes. The guy lied … a lie is a lie under any circumstances.
The fact that GravityOpera’s post has received so many thumbs down compared to thumbs up … is a clear indication that the Trump fanboy’s here could care less about truth.
That is demonstrably false, the creditors could have chosen different interest rates if they had known the actual non-fraudulent valuations and financial statements. Its also the case that he excessively lowered the values with respect to tax so the tax payer is a victim too. Trump in effect had wealth that was the proceeds of crime, which is what disgorgement is. That value is calculated over a decade long fraud spree; something i hasten to add he has been found liable for multiple times.
Show me a creditor that takes the applicants word on the value of the collateral property….. PLEASE DO!!!!!!! I have some nice land in Ohio I would like to get a loan against.
Dude sit down, shut the F up, you and Danny have surpassed the point of ignorance by such a margin that rocks look smarter in comparison!
@starride
Dude you sit down and get back in your box. If you lie about the size of your property that’s fraud. That’s not a question of value per se that’s a question of being given outright falsehoods in order to artificially inflate the value of the property.
Its amazing when ignorant people start pretending its everyone else who is ignorant. Your position appears to be oh lying on the form is standard therefore its ok, that’s just a silly thing to say.
Please do try that on a judge so what it gets you, there is a jail cell with your name on it.
This is pretty idiotic given the banks are on record stating they used their own information for the loan approvals.
So not only did the banks use their own creditor information to formulate their loan offers…they also received every penny of their loaned money back, with the interest the bank deemed was appropriate for the size of the loan and the risk posed by the person asking for the money.
There was no victim here, other than you’re own hurt feelings. I mean come on man, this is like toying with a retard but a lot more fun 😂
@mailman
“This is pretty idiotic given the banks are on record stating they used their own information for the loan approvals.”
No they are on record as relying on Trumps statements
“Williams further corroborated that as lending officer, he would expect a client to provide truthful and accurate information to the bank, and that Donald Trump’s net worth and personal guarantee were significant factors in Deutsche banks determining whether to underwrite a loan. TT 5427-5428. Williams additionally confirmed his previous deposition testimony, in which he stated that had he determined that Donald Trump’s net worth fell below $2.5 billion at any time, he would have recommend that the private wealth division declare an “event of default” TT5429-5430.”
There are numerous other testimonial extracts with the same points, that Trump et all provided financial statements, even lying about having outside appraisals done in 2018 and 2019,
“So not only did the banks use their own creditor information to formulate their loan offers…they also received every penny of their loaned money back, with the interest the bank deemed was appropriate for the size of the loan and the risk posed by the person asking for the money.”
Not relevant that they got there money back, the fraudulent misrepresentations meant he got a loan in the first place at a more favourable rate.
The fact is you are just wrong, if you’d read the judgement or followed the case you’d know that but clearly you haven’t. Its funny that you call me a retard when the facts show you to be completely wrong on every point. Your projection is quite entertaining
A fine of over 1/3 of a $Billion for what is more akin to an administrative error seems excessive. Especially when there was no one coming forward as a ‘victim’ claiming to have been harmed nor could the State produce any injured party. All that on top of an ideologically motivated prosecution who literally ran for office promising to ‘get Trump’.
I’d suggest reading the judgement, it was not a series of administrative errors.
I’d also point out that if Trump were as wealthy as he often claims why cant he raise a bond. That’s a pretty big indication that actually he isn’t as wealthy as he claims to be.
And?
Still waiting to find out who these victims are you are so keen to make exist? Clearly it wasn’t banks since they used their own financial information for their loan formulations 😂😂😂
Ok bro. A fine that exceeds any proven injury or indeed any monetary impact to any party even alleged by the prosecutor is excessive. The issue here is a difference of opinion re related estate valuations between the AG and every party involved in the transactions. No one involved suffered any injury or even alleged any injury from the transactions.
Wealth isn’t measured in liquid assets alone. You sound financially illiterate, and probably unemployable. Maybe apply for DEI job slot.
@Mailman
Getting a better rate or a loan at all through fraud is still a crime, so yeah the banks were victims and Trump is still a fraudster. Your hand waving isnt an argument.
@commochief
“A fine that exceeds any proven injury or indeed any monetary impact to any party even alleged by the prosecutor is excessive.”
The disgorgement is calculated in the judgement based on various loans etc being in effect the proceeds of a crime.
“The issue here is a difference of opinion re related estate valuations between the AG and every party involved in the transactions.”
It is not opinion to lie about the basic facts forming the valuation, this is just a dumb thing to say. The opinion part is the rate on which the market would value the property. The facts underlying that are NOT.
“No one involved suffered any injury or even alleged any injury from the transactions.”
As per my comment to mailman. Do better
@smooth
“Wealth isn’t measured in liquid assets alone.” I never said it was, pretending I said something isn’t a good look. The point is he has demonstrated he isnt exactly honest about his financial status, this has been proven time and time again and yet people like you still swallow it whole, gullible is an understatement. You projecting your own inadequacy isn’t much of an insult.
These were not administrative errors or mere typos. This was repeated misrepresentations of material facts.
Uh huh. That’s why the banks let the money and got stored on repayments? Oh wait the banks did their own due diligence, set their own valuation and received full payment.
This case is a vindictive prosecution by an ideological AG who literally ran her campaign to become AG by promising to ‘get Trump’. If you don’t or won’t see that you got blinders on.
“The bank did their own validation” does not absolve Trump and the others of producing and transmitting false documents.
Real estate valuations are opinions not static facts. You could have three different appraisers perform a valuation on a property the same damn day and none will match. Heck they gonna show different valuations within their appraisal based upon different appraisal methodologies.
@commochief
“Oh wait the banks did their own due diligence, set their own valuation and received full payment.”
No they did not, not until 2021 after Trump broke the loan arrangements debt service coverage requirements. Up until that point they relied on statements from Trump et all. Indeed the Zurich witness stated that underwriters could do little to learn about the financial condition other than rely on the financial documents that the client provided because Trump is a private company and not a public one. You seem to have a poor grasp of the facts of the case, id suggest reading the judgement.
@Commochief
“Real estate valuations are opinions not static facts.” No, this is a fundamental misunderstanding of valuations. The end result is a judgement based on certain facts. Facts like the size of a property, whether it can be developed or not etc etc. Many of these facts were materially misrepresented. You really are broken record unable to actually engage with the facts of the case.
“Real estate valuations are opinions not static facts.” is both true and not relevant to this case. First, Trump lied about things such as square footage which ARE facts. Second, Trump created real estate valuations based on falsities about the properties such as ignoring rent control, deed restrictions, that Ivanka had an option to buy the condo for several million less than the claimed value, etc. Lastly he claimed fair market valuations nearly an order of magnitude out of line with his own appraiser. In one example the property was appraised at ~$30 million and Trump turned around and claimed it’s fair market value was ~$230 million; this is so far beyond honest differences of opinion that it is undeniably fraudulent.
Funny, the banks he was doing business with weren’t bothered by it.
https://theconversation.com/trump-properties-arent-the-only-ones-to-see-wild-valuations-putting-a-price-on-real-estate-isnt-straightforward-191228
This doesn’t actually reflect on the facts of the case. Everyone knows that valuations vary, the problem is the facts underlying the valuation have been fraudulently misrepresented. Its just not a relevant point.
Every state where I have lived has what is called a ‘property bond,’ where a property owner may give the court a lien on the property (the value of which must exceed the amount of the bond), but the owner retains ownership, unless [s]he violates the terms of the bond, such as failing to show up in court. Only then can the court sell the property to satisfy the bond or judgment. The owner can keep or sell the property at any time, but if the bond is in effect, that lien must be satisfied in order to transfer the property. Does New York not have property bonds? Or are they only unavailable for those named Trump?
It’s a total Charlie Foxtrot. This is what these morons in NY wanted. They may have tied up Trump and his business, but others with money see it and think I could be next. Now watch the quiet exodus. Texas, Florida, Georgia, Tennessee will be the prime beneficiaries of NY stupidity. With all of this lawfare crap, the GOP convention could be the real barn burner of contested nomination. Just sayin😉FJB
NY residents who have accumulated substantial assets who voted for or donated to trump must consider themselves to have target on their back.
Truno will win the Presidency in November and Leticia James and her ilk had best have tickets for Havana becasue he will release ten nmllion partuiots on her and her ilk. That is one thing that I am certain will occur. The rule of law is dead and Trump will restore it after he annihilates the organized crime family masquerading as the Democratic Party. The cancer will be cut out. I look forward to another BIg Steal. The fuse is lit and its going to explode.
Our Constitutional Republic is in free fall.
Guns, food and ammo. Start stockpiling.
The judge’s ruling is based on his personal belief that the valuation process for commercial properties shouldn’t differ by more than 10% – 20%, or else there has been fraud.
Is he really that stupid, or just biased?
Citation please.
I wonder if you’ve been mislead over this section:
In opposition, defendants absurdly suggest that “the calculation of square footage is a subjective process that could lead to differing results or opinions based on the method employed to conduct the calculation.” Well, yes, perhaps, if the area is rounded or oddly shaped, it is possible measurements of square footage could come to slightly differing results due to user error. Good-faith measurements could vary by as much as 10-20%, not 200%. (bold is mine)
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.
OAG unquestionably satisfies its two-prong burden of demonstrating the SFCs from 2012-2016 calculated the value of the Triplex based on a false and misleading square footage, and that some of the defendants repeatedly and persistently used the SFCs to transact business.
https://s3.documentcloud.org/documents/23991865/trump-ny-fraud-ruling.pdf
Are Trump’s lawyers in Federal Court yet?
can we please have a block button … please