Lutecia James won’t stop her vendetta against Trump

[22lcidw]

And you’d still be a deadbeat.

If you have so much integrity and work ethic, why did you manage to run up $37 trillion in debt?

**** that. Your generation is delusional.

Explain how you failed the last four years.

 

[Robert W]

They didn’t defend the statement of financial condition.

Deutch bank defended Trump and told the court he did nothing wrong. Engoron the arch judge did decide all on his own.

 

[The Duke]

James is fighting a losing battle.

It's Quixotic.

 

[Toddsterpatriot]

What’s the lie?

That an NDA is a campaign contribution.

 

[buckeye]

Read the decision. At no point in time did he say the tax assessed value was the fair market value.

It’s on page 66 and 67.


What would happen if you exaggerated your income on a mortgage application?

They don’t LOL about that.

Everyone commits fraud in real estate so it’s okay?

Bullshit.

It’s amazing how you guys don’t give a **** about about rich elites getting away with massive financial crimes. Did you forget that you’re pretending to stand up for the working class?

In his decision, Engoron — who is deciding the trial rather than a jury — cited a local Palm Beach County official saying the country club had been assessed at a range of between $18 million and $27 million between 2011 and 2021.

The above is what the NYP said in the post I made earlier. You directed me to his decision which I am not going to read all 92 pages of to find out where he said that. Numerous other sources said Engoran said exactly that.

Here are numerous sources, none of them right wing, that agree with the NYP.

New York Supreme Court Judge Arthur Engoron’s Sept. 26 ruling stated that from 2011 to 2021, the Palm Beach County property appraiser determined Mar-a-Lago’s value was "between $18 million and $27.6 million." But Trump’s statements of financial condition presented to investors stated that it was worth between $426 million and $612 million, "an overvaluation of at least 2,300%" Engoron wrote.

Video misleads about who valued Mar-a-Lago at $18 million

After a New York judge ruled last month in a fraud lawsuit that former President Donald Trump inflated the value of prop

www.politifact.com

A New York judge ruled last week that former President Donald Trump inflated the value of his Mar-a-Lago estate by an eye-popping 2,300%.

That finding, part of shocking ruling that found Trump and his adult sons liable for fraud,was just one of multiple examples in which Judge Arthur Engoron found the Trump real estate empire to have been grossly inflated in value.

But the Mar-a-Lago finding in particular is raising eyebrows among real estate and legal experts because of the metric Judge Engoron relied on: the county tax assessor’s appraisal value.

“From 2011-2021, the Palm Beach County Assessor appraised the market value of Mar-a-Lago at between $18 million and $27.6 million,” Engoron wrote in his ruling.

https://www.cnn.com/2023/10/03/business/trump-fraud-judge-mar-a-lago

In fact, Engoron's earlier decision cited a Palm Beach county tax appraisal, which found Mar-a-Lago to be worth between $18 million and $27 million. Because the estate is zoned as a social club, it carries business expenses that make it less valuable on paper than it would be if it were only a private residence.

Trump fraud trial judge says there's 'no mistake' the former president's Mar-a-Lago price-tag was 'fraudulent'

Trump's fraud-trial judge Arthur Engoron took a shot at Trump's wildly-inflated claims of Mar-a-Lago's worth in a $364 million verdict.

www.businessinsider.com

Apologize and move on. Apparently your Engoran is a liar in addition to being a partisan hack fake judge. And now you know that the NYP is a very, very credible source.

What would happen if I lied about my income on a mortgage app? I don't see how I could lie about that since the lender requires a tax return.

And no, every real estate developer does not commit fraud. You fail. (AGAIN).

Kevin O'Leary understands how this works, you, otoh, have not a clue. And your TDS makes your ignorance worse.

 

[Marener]

Here are numerous sources, none of them right wing, that agree with the NYP.

You couldn’t even read the headline of the first link:

The judge definitely noted the tax appraisal but never claimed it was the same as the fair market value. His reasoning that it constituted fraud was based solely on the fact that the person who valued it stated under oath that the valuation was based on selling it as a single family mansion, which Trump is forbidden from doing.

It had nothing to do with the tax assessment.

I’m smarter than you. I also work harder. You’re too lazy to educate yourself and read the decision. That’s not my fault. It’s probably because you’re an entitled asshole.

 

[Marener]

That an NDA is a campaign contribution.

Why not? If it’s done for the purposes of protecting the campaign. It would meet all the criteria.

That’s what the FEC fined AMI for doing.

 

[Marener]

Deutch bank defended Trump and told the court he did nothing wrong. Engoron the arch judge did decide all on his own.

They did no such thing. You don’t know what you’re talking about.

 

[buckeye]

You couldn’t even read the headline of the first link:

View attachment 1153029

The judge definitely noted the tax appraisal but never claimed it was the same as the fair market value. His reasoning that it constituted fraud was based solely on the fact that the person who valued it stated under oath that the valuation was based on selling it as a single family mansion, which Trump is forbidden from doing.

It had nothing to do with the tax assessment.

I’m smarter than you. I also work harder. You’re too lazy to educate yourself and read the decision. That’s not my fault. It’s probably because you’re an entitled asshole.

I never claimed that the judge said it was fair market value! I said he used the govt estimate instead of fair market value, goofy. And I asked you why he used a govt estimate of value since those are notoriously way below market value. You never answered, which is not unusual for you.

I thought we have been debating whether or not the judge actually said that MAL was valued between 18-27 million since that is what the liar partisan hack judge is insisting wasn't his fault.

However, Engoron implored the media to stop reporting that he’d been the one to value the golf club and resort at $18 million — the low end of a determination made by the Palm Beach assessor that has left many real estate industry insiders perplexed.

Judge at Trump civil fraud trial implores media to stop saying he valued Mar-a-Lago at $18M

A judge deciding Donald Trump’s fate in a $250 million civil fraud case implored the media to stop saying he valued Mar-a-Lago at $18 million.

nypost.com

Why did Engoran use a local govt taxing estimate instead of a fair market value for MAL?

That he did this is more proof of how partisan the hack judge is.

 

[buckeye]

It had nothing to do with the tax assessment.

I don't think you're right. The figure of 18-27 million came from a local govt tax assessment, according to Engoran, himself.

Engoron asked the media to stop attributing the $18 million figure to him.

"Please, press, stop saying that I valued it at $18 million," he said in court Oct. 2. "That was a tax assessment. Or, something in that range."

Video misleads about who valued Mar-a-Lago at $18 million

After a New York judge ruled last month in a fraud lawsuit that former President Donald Trump inflated the value of prop

www.politifact.com

Man, you can't stop being wrong.

 

[buckeye]

I’m smarter than you. I also work harder. You’re too lazy to educate yourself and read the decision. That’s not my fault. It’s probably because you’re an entitled asshole.

LOL, this was really funny. If you're smarter and work harder, why are you always wrong?

 

[AntonToo]

Can a property have wildly different appraisals? You bet they can.

You really have no clue, do you?

Trump claimed his penthouse is 30,000 sq feet. It's actually 10,000.

Can there be 3x opinion on basic fact of the dimentions of the property? nope, there can't be.

 

[AntonToo]

A now-retired Deutsche Bank executive, Nicholas Haigh, testified earlier in the trial that he assumed the figures “were broadly accurate,” though the bank subjected them to ”sanity checks” and sometimes made sizable “haircuts.”

Trump acted as the guarantor for the loans and was quick to act when the bank raised concerns that the properties weren’t generating enough cash to make payments, Williams said. At one point, Trump moved $8.6 million into the Washington hotel’s coffers after its cash flow fell short of a requirement. No payments were missed, and the loans were never found to be in default, Williams said.

After Williams finished testifying, Trump’s lawyers sought — as they repeatedly had before — to have the case thrown out. They argued the bank executive had neutralized any allegations that the defendants deceived the lender about Trump’s wealth.

Banker involved in big loans to Trump's company testifies for his defense in civil fraud trial

A Deutsche Bank executive says the bank followed its own guidelines when deciding to lend Donald Trump’s company hundreds of millions of dollars.

apnews.com

Thats just another way of saying that Trump submitted financial documents with INSANE valuations.

Trump Co. pattern of fraud was established in both the original litigation Trump lost and and upheld in the appeal ruling.

 

[Toddsterpatriot]

Why not? If it’s done for the purposes of protecting the campaign. It would meet all the criteria.

That’s what the FEC fined AMI for doing.

It's not campaign spending.
It's not illegal to "protect a campaign", whatever that means.

 

[Robert W]

Thats just another way of saying that Trump submitted financial documents with INSANE valuations.

Trump Co. pattern of fraud was established in both the original litigation Trump lost and and upheld in the appeal ruling.

Not according to the bank. They did not testify in favor of James but did in favor of Trump. This is far from over.

 

[Winston]

The bank testified that they could not determine if Trumps loan specifics would have been any different had the numbers been dead on accurate.

The bank was paid in full and wishes to do business with the Trump organization again. Meaning, this was literally "no harm done."

Like we've said all along, the "get Trump" mantra blew up in the lefties faces when Trump WON a 2nd term. They knew the game was over, the bullshit was going to be exposed, the left was DONE as a political party. And we were right.

Deutsche Bank does not do business with Trump.

 

[Winston]

TDS does nothing for your intelligence.

The bond was $175 million and he had to put up 10-20%. Can you do the math or do I have to do it for you?

Yes, it was 175 million, but Trump put up cash collateral, the cost was probably less than one percent, maybe .5%.

 

[Winston]

Then they didn't matter. And I read that the court valued MaraLago at 18 million dollars. That is a monumental joke only a democrat could come up with.


Which the bank accepted as reasonable. Guessing Trump has a pretty lofty credit rating to go with it.

It was their decision to loan him money based on his financial condition, credit ratings and reputation as well as his collateral.

Why is that any of your business? Or Letitia's?

Yeah, when you have four bankruptcies on your credit you have an awesome credit score.

 

[Winston]

None of the loans were to build NY properties.

1. A $125 million Deutsche Bank loan issued in connection with purchasing and developing the Doral Golf Resort and Spa in Miami, Florida, which closed on June 11, 2012 (the Doral Loan).
2. A Deutsche Bank loan issued in connection with refinancing an existing$130 million loan for Trump Chicago, a hotel owned and managed by Trump entities,which closed on November 9, 2012 (the Trump Chicago Loan).
3. A $170 million Deutsche Bank construction loan issued in connection with redeveloping the Old Post Office in Washington, D.C. into a luxury hotel, which closed on August 12, 2014 (the OPO Loan).

 

[Robert W]

Deutsche Bank does not do business with Trump.

Search Assist

Deutsche Bank has had a long and complicated relationship with Donald Trump, serving as a key lender to his organization despite various controversies and legal issues surrounding Trump's financial practices. The bank has faced scrutiny for its role in financing Trump, particularly regarding allegations of inflated asset values and potential money laundering activities. WNYC Studios The Guardian