Trump committed fraud by inflating wealth,
NY judge finds — clearing way for trial
New York Post,
by
Ben Kochman
Original Article
Posted By: DW626,
9/26/2023 6:16:13 PM
A Manhattan judge on Tuesday found Donald Trump committed fraud for years by exaggerating the value of his wealth – clearing the way for a civil trial where the former president could be ordered to pay $250 million and banned from doing business in the Empire State.
Manhattan Supreme Court Justice Arthur Engoron found Trump, 77, his family and his business, the Trump Organization, liable for fraud – the key claim in New York Attorney General Letitia James’ sprawling lawsuit against the defendants.
In a 35-page ruling, Engoron sided with James, who argued that Trump made several indisputably false statements in business documents to secure favorable terms
More garbage
100 people like this.
Reply 2 - Posted by:
Venturer 9/26/2023 6:29:44 PM (No. 1563976)
Manhattan needs a new Judge. This one is woefully ignorant of the law.
87 people like this.
Reply 3 - Posted by:
LC Chihuahua 9/26/2023 6:30:40 PM (No. 1563978)
Isn't it ironic that this comes out the same day the House announces an impeachment hearing of Joe Biden? Actually, it's not ironic at all when one considers our government is loaded with corrupt tyrants covering for each other.
100 people like this.
Reply 4 - Posted by:
formerNYer 9/26/2023 6:44:13 PM (No. 1563993)
Every time some judge or DA charges Trump his poll numbers go up.
81 people like this.
Reply 5 - Posted by:
Omen55 9/26/2023 6:44:16 PM (No. 1563994)
The banks got paid.
Call them to the stand!
84 people like this.
Reply 6 - Posted by:
Historybuff 9/26/2023 6:45:37 PM (No. 1563996)
And who was harmed?
85 people like this.
Reply 7 - Posted by:
vesparado1 9/26/2023 6:46:01 PM (No. 1563997)
What a BS charge. Wonder if any lenders will be charged with defrauding their stockholders/depositors/investors by accepting Trumps estimate of his property worth because they obviously didn't do due diligence
?
69 people like this.
Reply 8 - Posted by:
Blackbird 9/26/2023 6:51:14 PM (No. 1564003)
Does this so-called “judge “ think that banks simply accept a client’s statement of net worth & client’s valuation of his property value, or do banks do their own due diligence and appraisals? This is pure BS. Nothing more, nothing less.
110 people like this.
Reply 9 - Posted by:
NorthernDog 9/26/2023 6:55:35 PM (No. 1564005)
Putting a value on real estate, especially in NY City, is very subjective. The value of a building fluctuates wildly depending on economic conditions and the local marketplace. If the lender thought the values were overstated they could have easily said so.
72 people like this.
Reply 10 - Posted by:
Birddog 9/26/2023 7:00:34 PM (No. 1564007)
NONE of the Banks, Investment funds, Investors, or insurance Companies that made decisions based upon these figures/forms, made ANY complaint, they all made money, all of the loans were paid.
No one else has ever been prosecuted on this same basis...and the Prosecutor and Judge have telegraphed that their "Goal" is to drive not just The Donald, but ALL of the trumps OUT of Business, and keep them out of Business of any kind in the State of NY.
Particularly galling is that this judge and prosecutor both are insisting that ALL of these "Private" documents from 2014-2020 MUST be charged over, even though they had ZERO Govt involvement, Taxes, or effects, and statute of limitations have already expired....while at the same time DOJ, Special Council, and these same prosecutors are not/ did not and have no interest in charging Hunter Biden for NOT paying Govt taxes, or even filing required documents during those same years, and including "business" done in the very same districts.
Much of what they call "Inflated Valuations", is what Trump, and the Market, considered the "Premium" attacked to the Trump Name. Much as a NYC street corner Rolex may be purchased for under $50...the REAL DEAL costs at least ten times that much, maybe 100 times as much. The same applies to YSL/Chanel/Gucci "Names", particularly in NYC.
Heck...just certain CHEFS equate to over $10 Million in additional valuation for ANY restaurant they put their name on there.
59 people like this.
Reply 11 - Posted by:
Red Ghost 9/26/2023 7:01:15 PM (No. 1564008)
I'm not a lawyer, and only a lowly little retired civil servant, but, BUT, the judge that has decided Trump committed fraud and also sanctioned his lawyers for making frivolous arguments is the SAME JUDGE that will now hear the case. I'm hoping because of my senior citizen status, even though I read the article a few times, I got that wrong. Please someone tell me I am terribly wrong. That will make my day. But if not, what the heck. How is this justice? I get that it's justice as applied to Trump, but really?
49 people like this.
Reply 12 - Posted by:
Fosterdad 9/26/2023 7:07:48 PM (No. 1564016)
If he defrauded so many banks and insurance companies, why didn't any of them sue for damages? Where are the victims?
74 people like this.
Reply 13 - Posted by:
john56 9/26/2023 7:17:14 PM (No. 1564021)
If i were Trump, I'd liquidate all my NY holdings and no longer conduct any business in the state, much like Rush Limbaugh did when he moved to Florida.
86 people like this.
The hanging judge, jury and executioner has decided Trump is guilty. Now let's get this trial over with so we can proceed
to the hanging. That's the new American Way.
49 people like this.
Reply 15 - Posted by:
ironchefw 9/26/2023 7:49:01 PM (No. 1564039)
Remind me how many big bank CEOs went on trial after losing billions in 2007 and 2008.
58 people like this.
Reply 16 - Posted by:
padiva 9/26/2023 8:08:02 PM (No. 1564051)
But it's OK if he stashed hundreds of thousands of dollars in his jacket pockets, envelopes and a safe??????
31 people like this.
Reply 17 - Posted by:
envirodude 9/26/2023 8:33:49 PM (No. 1564061)
What a joke.
The Democrat New York Attorney General had a Democrat judge simply rule Trump committed fraud.
No trial.
No jury.
For the non-fraud of Trump paying back sophisticated Wall Street banks.
In full.
With interest.
Democrat law-fare.
Appellate courts must reverse.
60 people like this.
Reply 18 - Posted by:
caljeepgirl 9/26/2023 9:20:15 PM (No. 1564085)
Yeah, let's waste more taxpayers' money...that's the ticket!
28 people like this.
Reply 19 - Posted by:
Skinnydip 9/26/2023 11:43:37 PM (No. 1564134)
Just remember. They don’t really believe he’s guilty of anything. They only want to tie him up in court proceedings and drain his finances with lawyer fees defending himself.
47 people like this.
Reply 20 - Posted by:
judy 9/27/2023 12:26:32 AM (No. 1564153)
Wow …now they complain because of inflated wealth which caused pay more taxes paid ….in the ole days they fined you for under inflating??
23 people like this.
Reply 21 - Posted by:
RuckusTom 9/27/2023 12:39:23 AM (No. 1564156)
That's a stretch. If I tell everyone I've got a pet elephant in my back yard and you find I don't, can you sue me?
18 people like this.
Reply 22 - Posted by:
Strike3 9/27/2023 2:31:06 AM (No. 1564192)
This charge has been waiting in the wings since Donald Trump ran for president the first time. An estimate of real estate value is just that, an estimate. More garbage from a corrupt Soros AG.
33 people like this.
Reply 23 - Posted by:
FJB 9/27/2023 3:48:26 AM (No. 1564201)
Garbage, for sure. It won't matter since, after getting away with stealing 2020, America-hating Democrats and the Chi-Comms will not permit an election in 2024. They've been making that clear all along, without any objection from Republicans or, worse, nary a word of protest from an apathetic population. MAGA in our dreams.
20 people like this.
If you have read this far, just think of this; these unqualified appointed Judges are just like the Congressmen and Women, and the U.S. Senators who are led around by their noses that are being led by their legislative aids, and it is these aids that are really running these places because these Judges, Congresspeople, and U.S. Senators do NOT do ANY rational thinking by and for themselves!! They all need to have limits of their service imposed on them ASAP, if not sooner.
This Country is going down hill faster than you'd like to realize.
30 people like this.
Reply 25 - Posted by:
ARKfamily 9/27/2023 6:00:27 AM (No. 1564228)
How can you inflate anything? It is third-party entities that make the estimations.
19 people like this.
Reply 26 - Posted by:
millstream 9/27/2023 6:16:56 AM (No. 1564232)
OMG a real estate developer over valued a property
23 people like this.
Reply 27 - Posted by:
ARKfamily 9/27/2023 6:29:05 AM (No. 1564237)
One more comment. From the article: "In a 35-page ruling, Engoron sided with James, who argued that Trump made several indisputably false statements in business documents to secure favorable terms with banks – including by claiming that his soaring triplex penthouse at Trump Tower was 30,000 square feet when it was in fact closer to 11,000 feet."
I don't know about you but my understanding of things is the more square footage, the more taxes. So Donald Trump's estimator overstated square footage so he could pay more taxes?
I guess, going forward, Donald Trump can be incited for not using proper use of quotation marks, too?
27 people like this.
Reply 28 - Posted by:
Rinktum 9/27/2023 6:31:40 AM (No. 1564240)
Does any reasonable person have any trust in any segment of our government? Democrats and apathetic Republicans who will not oppose them have done immeasurable damage to the country by destroying the integrity of the judicial system which is the bedrock upon which this country functions. If there is no justice there is only tyranny. Welcome to Amerikka.
32 people like this.
Reply 29 - Posted by:
mifla 9/27/2023 6:34:12 AM (No. 1564243)
The judge is a registered Democrat, as well as a willing participant in the 24/7 harassment of Trump.
27 people like this.
Reply 30 - Posted by:
bighambone 9/27/2023 6:58:42 AM (No. 1564255)
Sounds about right these days, when you are a Republican, a Democrat Judge announces that you are guilty of offenses and then becomes the Judge presiding over your future trial involving those same offences. The old banana republics never did better than that!
23 people like this.
This is the culmination of “Tish” James psychotic dream, to take Trump out for good. She is as rotten as anyone who has ever been a member of the Bar, and that is saying something. Cases in point: she has never investigated the Clintons and their egregious flaunting of the laws that govern foundations and charitable organizations. She also let pass the incredible theft of a Billion in taxpayer dollars by the former first wymun of GnuYakSitty, Chirlane McCray and her worthless, do nothing but grift Warren Wilhelm Jr aka “Bill DeBlasio..” This “state” is rapidly circling the drain.
17 people like this.
Reply 32 - Posted by:
anniebc 9/27/2023 7:41:27 AM (No. 1564277)
Then arrest all the critters in Washington; they commit fraud every single day.
16 people like this.
Reply 33 - Posted by:
msjena 9/27/2023 7:51:49 AM (No. 1564285)
Not true fraud. This judgment was under an investigatory statute that defines fraud as making false statements--no requirement of intent or deception. I think it will be overturned on appeal. The allegations of real fraud will be the subject of a trial.
15 people like this.
Reply 34 - Posted by:
thomthomp 9/27/2023 10:37:49 AM (No. 1564411)
"sentence first (and) verdict afterwards", said the red queen in Alice's Wonderland.
That's where the Democrats have taken us, to a world where everything is upside down and ass backwards.
7 people like this.
Reply 35 - Posted by:
AmericaYes 9/27/2023 10:41:17 AM (No. 1564416)
The announcement of the decision was timed to deflect attention from the Biden impeachment inquiry
9 people like this.
Reply 36 - Posted by:
Kafka2 9/27/2023 10:50:23 AM (No. 1564423)
This sounds like the banks that loaned Trump the money should be explaining why they failed due diligence before loaning him the money. Since the banks have not lost a dime on these loans, I fail to see who was defrauded. The most that can be blamed is telling a lie, but a victimless lie. Without a victim, where is the fraud?
10 people like this.
Reply 37 - Posted by:
Kate318 9/27/2023 11:02:50 AM (No. 1564431)
Come on, Ron. Step up to the plate here. Invite President Trump to move his entire operation/headquarters from NYC to FL.
5 people like this.
Reply 38 - Posted by:
PrayerWarrior 9/27/2023 11:37:26 AM (No. 1564444)
We just received "Government Gangsters", Kash Patel's new book and Chapter 3 on "When Politics Obstructs Justice" seems to explain this crooked judge to a "t". I also watched Kari Lake on a podcast and she's not giving up on fighting the corruption of the Arizona 2022 election where 750,000 votes were stolen. We need more fighters like these two.
5 people like this.
Reply 39 - Posted by:
MickTurn 9/27/2023 12:10:05 PM (No. 1564462)
Real Estate values go up/down like an elevator in a 50 story building...SO WHAT!
5 people like this.
Reply 40 - Posted by:
NotaBene 9/27/2023 1:04:02 PM (No. 1564491)
Since Mar-a-Lago is valued at 15 million I would like to buy two. Will get mortgages.
3 people like this.
Reply 41 - Posted by:
wsdiego 9/27/2023 1:09:14 PM (No. 1564498)
Why would anybody want to live in New York with so many vindictive people?
3 people like this.
Reply 42 - Posted by:
swarfer 9/27/2023 6:31:35 PM (No. 1564675)
Send NY more illegals immigrants and stop the buses in front of the court house and tell them to inside. I dare the judge to run them off.
0 people like this.
This judge is not only ignorant of the law #2, they are also deliberately misquoting and misleading real estate values in Florida as well. If you were to check Zillow's site, you can see that far less land plots near MAL are going for literally millions as bare land. Meanwhile Trump is accused of misvaluing his Estate and Resort.
0 people like this.
Below, you will find ...
Most Recent Articles posted by "DW626"
and
Most Active Articles (last 48 hours)