The former US president has been found to have unlawfully inflated the value of his properties and businesses.
A New York State civil court has found former US President Donald Trump and his family business liable for illegally inflating his net worth, Justice Arthur Engoron revealed on Tuesday.
State Attorney General Letitia James had sued Trump and the Trump Organization last September, claiming he had lied for a decade about his net worth. The judge found that the reality TV star had inflated the value of his assets by between $2.23 and $3.6 billion in order to secure favorable terms on bank loans, insurance, and other financial resources.
Trump’s Mar-a-Lago estate in Florida, his Trump Tower penthouse, multiple golf courses and office buildings were among the assets whose value he inflated, the ruling has found. Justice Engoron backed James’ accusation that the value of several properties had been exaggerated and dismissed the Republican presidential hopeful’s defense as “wholly without basis in law or fact.”
A trial to resolve the multiple claims in the suit is scheduled to begin on Monday.
In addition to the civil suit, Trump is facing dozens of criminal charges stemming from his alleged involvement in the January 6 Capitol riot, his alleged payment of hush money to a porn star nearly a decade ago, and his alleged hoarding of top-secret government documents after leaving the White House. He has dismissed the growing thicket of cases against him as a political witch hunt and used the federal indictments – the first ever to be leveled against a former US head of state – to raise money for his 2024 presidential campaign.
James claimed in her $250 million lawsuit that the entire family was guilty of “staggering fraud” and is seeking to prohibit the Trumps and their company from doing any business in New York at all. Aside from Trump, defendants in the suit include three of his adult children and two Trump Organization executives, Allan Weisselberg and Jeff McConney.
The former president has denied wrongdoing in the case, pointing out that “not only was no bank harmed” by his optimistic valuations of his own possessions, but “they profited handsomely to the tune of hundreds of millions of dollars in interest and fees – and never once took any issue with any of the loans in question.”
Image credit: Wesley Tingey
Strange how the banks and their armies of auditors never had any problems with the property valuations in all the years they dealt with Trump 🤔
Weird how speculators couldn’t tell fair market value from fictitiously inflated figures (even though that’s literally their forte). Trump must truly be a criminal mastermind to have pulled off this con while somehow still remaining within the parameters of IAS16🤔
Odd that all of the bank loans were paid off IN FULL and that not a single bank is signed on as a plaintive in this civil suit 🤔
Strange how the judge (who has no documented expertise in the property market) values Mar a Lago at just $18M when there are tiny plots of land bordering the gargantuan property that are themselves in excess of $30M each. Odd how the judge doesn’t seem to think Trump Tower isn’t located in Manhattan (one of the most expensive real estate areas in the world) 🤔
Strange how the judge has declared Trump guilty of an offence without actually holding a trial or convening a proper jury etc.🤔
Weird that they want to cancel all of his business licences and seize his properties for the apparent crime of applying for bank loans and repaying them. 🤔
Its almost as if it’s really complete and utter horse sh!t and they’re just trying to financially bleed this man and his family dry. Almost…
This is Soviet / Nazi-styled pre-planning for the theft of property by the *state.(*Deep State. Trump will eventually own nothing (due to non-jury judge-only totalitarian forfeiture and illegal seizure) and like it?
I don’t think so…!
Dis be hows dat New Yark States at-torney gits backs at de rich white man dat has all dat money dat he didn’t gives to the people livin’ in de Bronx and down dere in Harlem…!
Make no mistake- Trump has been asked, warned and have had supporters plead with him to move his campaign and ALL assets to Russia away from harm by the state and it’s theft disguised as ‘asset forfeiture’ and ‘property seizure’., and the illegal and un-Constitutional prosecutions.
This entire ‘fraud’ lie by ignorant prosecutors, lawyers, and Deep State mechanisms show just how ignorant on the intellectual, moral and ethical levels that they are!
Never before in American History has any President, in and out of office been treated this horribly, despite the fact that he was duly elected by the majority of Americans.
And yet, the J6ers who protested the election being trashed are now political prisoners.
Washington DC Police Lieutenant Michael Bird has not even been charged in the execution death of Air Force Veteran Ashlii Babbitt…! Buts, if she’s was black, dat wo’ been pro-tested wid BLM, NAACPs and da J3wi$h-run and finances Suthern Povertys Law Center!
Lt Bird is an executory murderer who will never be charged, but if I were related to Ashlii and ended-up being diagnosed with a terminal illness, I would certainly go after Byrd and serve proper justice!!!
Trump & RFK Jr. both need to ask Russian President Putin for political asylum so they can run their campaigns from Moscow, and transfer their wealth to Rus Bank.
RFK Jr. has already had one assassination attempt, and needs to re-file as an Independent Presidential Candidate, AS HE WAS TOLD TO DO BY HIS SUPPORTERS MONTHS AGO!!!
The RINOs in Congress (a J3wi$h entity- the USA is referred to as ‘Israel West’ by those Congressional Freemasons ‘in the know’…) have done NOTHING to stop the malicious prosecutions of Trump, as they too are guilty of Zionist / CIA / Mossad directed Deep State Tactics, or have been blackmailed by Mossad paedophilia, bribed with cash and gold bars, oil dividends, and stock certificates, or extorted by the CIA / FBI / Deep State, etc.
Those who pay back bank loans, have multi-million dollar assets and property, and who serve the people as their President are now the newly constructed ‘criminal terrorists’ in the crossed-eyes of the Karens, Tommys, and Moonbats in general.
A Purge is coming to America, and it ain’t going to be pretty; plus, the Kilgali and UN Map of America’s geographical break-up has already been published and leaked!
Americans in their valium haze, and captivated staring at screens should understand- they will be rounded-up, snuffed-out and the war against White America will have then been completed.
They have no one to blame but themselves, as the J6ers should have gone in armed, and staged simultaneous uprisings on ‘Federal Property’ in all 50 States and Territories, and taken back the country from the Zio-Communist Nazis that infest D.C.!
See the video titled ‘McMinn County Uprising’ where World War Two Veterans had the guts and balls to take back their county government from corrupt officials…!
the banks are completely dry and are using clients assets to function.
So what is next ? civil war ?
Wonder what the kangaroos think about this?