Judge puts Trump out of business in NY?

[anon_mya1phvcpf5x4]

Hilarious.

So Trump, when he gets the Palm Beach County tax assessment for his property, is supposed to challenge and petition the tax assessor to INCREASE their assessment to "true market value"?

Now you've just indicted every RE owning American...homeowners and commercial.

I think it is more due to overvaluing for purposes of loans and whenever else he needs it to be overvalued.

If you were writing a loan for someone and found out later that they embellished their assets in order to get favorable terms, then I'm guessing you might not be too happy about it because it could change the risk assessment.

 

[Bloom.]

Biden blatantly flouts the border and immigration law every day while in office,

What happened to the Wall Mexico was going to pay for?

violates the constitutional duties of the chief executive,

LOL

and violates his oath of office.

LOL

Yet, the democrats hand picked him for a second term. You just need to STFU about Trump. Trump is chickenfeed compared to what is happening at the border.

Most sitting Presidents run again. He's not hand picked for a second term.

 

[anon_mya1phvcpf5x4]

Yeah...that's not a crime, unless he was somehow bribing the Palm Beach tax assessor illegally to keep his tax assessed value low.

If his lenders had no problem with his estimated market values, there is no issue here.

I read stuffshot's document re Mar-a Lago. I still fail to see what, if anything, is Trump's fault?

His lenders might have had a problem if they realized he was lying to them.

Are we saying lying is ok if they don't know?

Maybe we should let bankers know never to do business with you if that is your thought process.

 

[mattndallas]

Matt, I really don't care what it is worth. Taxing authority says $26 million, Trumps wanted that reduced to $18 million, Eric Trump now says MAL is worth over a billion.
Pick one and stuck with it.

There is not one single passive income RE investor in the country that does that. You'd have to indict every single RE investor in the country that doesn't voluntarily call their local tax assessor and ask them to boost their tax assessed value.

 

[Bloom.]

You wouldn't have to move the goalposts if you had a valid point.

So if I rob a bank and they come to arrest me, then I should just tell them to stop living in the past? lmao

That's what he's saying.

 

[anon_mya1phvcpf5x4]

What’s the dirty business practices? How were we harmed by what Trump said he was worth it?

Lying about the worth of his assets. Want to explain how you think that isn't dirty?

So would you give me favorable terms on million dollar loan?...i'll put up my billion dollar house as collateral (hope you don't find out it isn't worth that much)

 

[mattndallas]

His lenders might have had a problem if they realized he was lying to them.

Are we saying lying is ok if they don't know?

Maybe we should let bankers know never to do business with you if that is your thought process.

Then they should sue him for misrepresentation of fact...but given AT A MINIMUM, they would have detailed building specs, surveys, inspections, etc, completed by the banks themselves.

If he lies, and they find out (which is their job), they can bring charges.

 

[Stuffshot]

Yeah...that's not a crime, unless he was somehow bribing the Palm Beach tax assessor illegally to keep his tax assessed value low.

If his lenders had no problem with his estimated market values, there is no issue here.

I read stuffshot's document re Mar-a Lago. I still fail to see what, if anything, is Trump's fault?

Trump and his cronies are responsible for the content of the SFCs. Fault would lie there if nowhere else.

Keep in mind too that, as I understand, this ruling was only about liability of some defendants (but not all). There is supposed to be an upcoming trial in a week or two for the remaining defendants and also for undecided issues like (1) amount of monetary liability, (2) selection of a receiver to administer the affected properties, (3) procedures for the receiver to follow and who knows what else. Hope I got all that correctly.

 

[anon_mya1phvcpf5x4]

Then they should sue him for misrepresentation of fact...but given AT A MINIMUM, they would have detailed building specs, surveys, inspections, etc, completed by the banks themselves.

If he lies, and they find out (which is their job), they can bring charges.

Are you saying the DA brought charges without any of his victims coming forward?

 

[mattndallas]

Trump and his cronies are responsible for the content of the SFCs. Fault would lie there if nowhere else.

Keep in mind too that, as I understand, this ruling was only about liability of some defendants (but not all). There is supposed to be an upcoming trial in a week or two for the remaining defendants and also for undecided issues like (1) amount of monetary liability, (2) selection of a receiver to administer the affected properties, (3) procedures for the receiver to follow and who knows what else. Hope I got all that correctly.

Fair enough. I'm not interested to read the complete doc. So you're saying there IS a specific creditor seeking justice here?

That said, it appears in the MAL section he is being accused of fraud for not listing MAL at it's taxable value?

 

[SqueakyClean]

What’s the dirty business practices? How were we harmed by what Trump said he was worth it?

Do you really consider willfully putting false information down on documents with regards to financial information being off by a scale of 10x to not be a dirty business practice?
Aren't you an accountant?
The arguments that I am basically seeing from the Trump supporters in this thread basically boil down to this meme:

 

[Stuffshot]

Fair enough. I'm not interested to read the complete doc. So you're saying there IS a specific creditor seeking justice here?

That said, it appears in the MAL section he is being accused of fraud for not listing MAL at it's taxable value?

The task is worse than you say.

To fully understand, we all should probably read (1) the ruling, (2) all the statutes mentioned in the ruling, and (3) all those other documents and court filings identified by their document numbers in the lists on pp. 1 and 2 of the ruling. That's a lot.

Several posts in this thread suggest different outcomes that might be fairer but, at some point, the analysis simply becomes this: The New York statutes describe what is not permitted and what the New York courts can do about it no matter whether the rest of us have a better idea as to a solution. New York has spoken..

 

[mattndallas]

Are you saying the DA brought charges without any of his victims coming forward?

I dunno.

I flew through the doc and only saw language saying (paraphrased)...

"Regardless of whether Trump's lenders had an issue with the business relationship with Trump, and even though it is their fiduciary duty to challenge a borrowers stated values if they consider them consequential, and even though he paid them all as agreed and the business relationship was mutually beneficial...

we want to bar him for aggressively estimating property values (that he knew would be challenged by his lenders)."

 

[mattndallas]

Several posts in this thread suggest different outcomes that might be fairer but, at some point, the analysis simply becomes this: The New York statutes describe what is not permitted and what the New York courts can do about it no matter whether the rest of us have a better idea as to a solution. New York has spoken..

So...he was basically jaywalking?

 

[Stuffshot]

So...he was basically jaywalking?

No, LOL. That's basically what Trump and Eric have been saying.

New York is apparently seeking something like $150 million to $250 million in payments (I don't think they call it "damages" or "restitution" or "disgorgement"), so it's quite a bit more serious than jaywalking. This will come out in the upcoming trial.

 

[CO. Hoosier]

Do you really believe that? You’ve truly jumped the shark on Trump.

You are damn right I believe it.

Trumps “threat to democracy” was unsuccessful, affected relatively few people, and has no lasting effects.

Biden disregard of democracy is in full operation, affects millions of people, adversely affects every area of the country, and is causing irreparable harm.

Yep, Trump is chickenshit compared to Biden.

 

[anon_mya1phvcpf5x4]

You are damn right I believe it.

Trumps “threat to democracy” was unsuccessful, affected relatively few people, and has no lasting effects.

Biden disregard of democracy is in full operation, affects millions of people, adversely affects every area of the country, and is causing irreparable harm.

Yep, Trump is chickenshit compared to Biden.

Biden's disregard for democracy? lmao

That is funny. I'm guessing you slept through Jan 6 but now want to make all these claims against Biden simply because you don't agree with his policies.

 

[stollcpa]

Lying about the worth of his assets. Want to explain how you think that isn't dirty?

So would you give me favorable terms on million dollar loan?...i'll put up my billion dollar house as collateral (hope you don't find out it isn't worth that much)

Bank isn’t loaning you money on the house based on what you say it’s worth.

 

[stollcpa]

Do you really consider willfully putting false information down on documents with regards to financial information being off by a scale of 10x to not be a dirty business practice?
Aren't you an accountant?
The arguments that I am basically seeing from the Trump supporters in this thread basically boil down to this meme:

I’ve sent clients away who I didn’t feel comfortable preparing their financial statements.

This judge is more of Biden and dems doing political prosecutions of Trump. I hope there’s a political war where the republicans do the same thing to Biden and the dems.

 

[CO. Hoosier]

Biden's disregard for democracy? lmao

That is funny. I'm guessing you slept through Jan 6 but now want to make all these claims against Biden simply because you don't agree with his policies.

The executive department of the United States not enforcing a democratically passed law because it doesn’t want to is a violation of the constitution, is a violation of the oath of office, and a violation of the very nature of our system of government. There can be no “policy” of choosing which laws to follow.

 

[anon_mya1phvcpf5x4]

Bank isn’t loaning you money on the house based on what you say it’s worth.

Missed the point

 

[SqueakyClean]

I’ve sent clients away who I didn’t feel comfortable preparing their financial statements.

This judge is more of Biden and dems doing political prosecutions of Trump. I hope there’s a political war where the republicans do the same thing to Biden and the dems.

Good. I honestly appreciate that you did that.

I am a registered professional engineer in several states. I have to maintain those licenses and am obligated to follow the codes and ethics set forth by those states. Violating the ethics clauses in one state would likely have me stripped of my license in every state and it would take a decade to come back from.

It's the same thing with doctors, lawyers, and CPA's (I think, I am not as familiar with moral requirements in the financial sector as compared to the Hippocratic oath and legal ethics).

The point being, you may have turned those clients away, but someone else may not have. Trump and his organization were proven to be lying on documents in order to manipulate the benefits. You are saying that it is the bank's fault because they should have performed their own independent review, but that basically comes down to "I'm lying to you, but it's not my fault. It's your fault because you didn't go out of your way to prove that I'm lying to you."

If I did that to the companies that hired me, they would get the state to review those allegations, and if proven true, I too would have my license stripped and the company I represent would no longer be allowed to perform engineering services in that state.

 

[anon_mya1phvcpf5x4]

I’ve sent clients away who I didn’t feel comfortable preparing their financial statements.

This judge is more of Biden and dems doing political prosecutions of Trump. I hope there’s a political war where the republicans do the same thing to Biden and the dems.

Hardly but glad to know you would be all for your side doing what you falsely claim dems are doing.

Shows the immorality of the right.

 

[anon_mya1phvcpf5x4]

The executive department of the United States not enforcing a democratically passed law because it doesn’t want to is a violation of the constitution, is a violation of the oath of office, and a violation of the very nature of our system of government. There can be no “policy” of choosing which laws to follow.

And yet the only people buying that bs are those that listen to proven liars known as conservative media

 

[CO. Hoosier]

And yet the only people buying that bs are those that listen to proven liars known as conservative media

Explain what is BS and why or STFU. If you think your emogi thing makes you look smart, I have a freebe for you. you post like a moron.

 

[anon_mya1phvcpf5x4]

Explain what is BS and why or STFU. If you think your emogi thing makes you look smart, I have a freebe for you. you post like a moron.

Your post was bs but of course you resort to name calling. Lol

You make up crap about Biden not following the constitution (likely because you're peddling conservative media bull crap) but spent 4 years moving the goal posts in defense of all of Trump's crap.

Maybe think for yourself instead of letting your media of choice think for you.

 

[Bulk VanderHuge]

I’ve sent clients away who I didn’t feel comfortable preparing their financial statements.

This judge is more of Biden and dems doing political prosecutions of Trump. I hope there’s a political war where the republicans do the same thing to Biden and the dems.

So, how was the weather for the ceremony last night?

 

[Stuffshot]

I’ve sent clients away who I didn’t feel comfortable preparing their financial statements.

This judge is more of Biden and dems doing political prosecutions of Trump. I hope there’s a political war where the republicans do the same thing to Biden and the dems.

Oh come on. Did you really mean to claim that Biden controls the New York state judge in a case in a New York state court involving the enforcement of a New York state statute?

 

[mattndallas]

Trump and his organization were proven to be lying on documents in order to manipulate the benefits.

No they weren't.

They disagreed that the value of their real estate was equal to a taxable value (which is actually embarrassing that the State would use that argument), or even a third party vendors "Opinion of Value" (the other reports that were cited).

Unless there's some back end debtors that are getting the potential proceeds here, this clearly looks like (at best) political nonsense, or at worst, a government shakedown.

 

[stollcpa]

So, how was the weather for the ceremony last night?

We moved up an hour. Bright sunshine but moving up we missed sunset ceremony. Turned out original time would have been fine. Trying to predict late afternoon Florida beach weather impossible.

My brides first marriage. It turned out great.

Lots of sun on beach. My golfer boy tan is just about fixed. 😂 I need to lose 15 pounds. 😂

Thanks for asking.

 

[CO. Hoosier]

Your post was bs but of course you resort to name calling. Lol

You make up crap about Biden not following the constitution (likely because you're peddling conservative media bull crap) but spent 4 years moving the goal posts in defense of all of Trump's crap.

Maybe think for yourself instead of letting your media of choice think for you.

The President has the duty to faithfully execute the laws of the United States. Biden deliberately does not do that because he doesn’t like some laws

 

[stollcpa]

Oh come on. Did you really mean to claim that Biden controls the New York state judge in a case in a New York state court involving the enforcement of a New York state statute?

I meant the democrats as a whole have decided to selectively go after Trump. He should have just went away and he would have been fine. His bravado and pride didn’t allow him. Now he’s paying.

Just like the SCOTUS ordeal with Garland, this will come back to get the Democrats.

Clear all dems, pubs and their aides out of DC and ban them from returning. Term limits for the new people.

 

[zeke4ahs]

You are damn right I believe it.

Trumps “threat to democracy” was unsuccessful, affected relatively few people, and has no lasting effects.

Biden disregard of democracy is in full operation, affects millions of people, adversely affects every area of the country, and is causing irreparable harm.

Yep, Trump is chickenshit compared to Biden.

Welp Trump has turned you absolutely irrational. He destroys most everyone around him and now he turns his supporters’ brains to mush. Sad really.

 

[SqueakyClean]

No they weren't.

They disagreed that the value of their real estate was equal to a taxable value (which is actually embarrassing that the State would use that argument), or even a third party vendors "Opinion of Value" (the other reports that were cited).

Unless there's some back end debtors that are getting the potential proceeds here, this clearly looks like (at best) political nonsense, or at worst, a government shakedown.

My state says my house is worth 200k. An independent assessor says my house is worth 200k.

I say my house is worth 2 million.

I'm right, they're wrong. Give me my loan (oh, btw, Mr. county auditor, here's my $2000 property taxes check that is the calculated value of required payment for a 200k house).

You don't see anything unethical in that?

Over-assessing the value of your property by 25% to 100%, that's a disagreement.

Stating that your property is 3x bigger than it actually is and 1000% the value, that's fraud.

 

[zeke4ahs]

Oh for the record Trump not only lied about the value of his properties, he also lied about the square footage. That doesn’t seem subjective.

 

[anon_mya1phvcpf5x4]

The President has the duty to faithfully execute the laws of the United States. Biden deliberately does not do that because he doesn’t like some laws

Sure he doesn't.

And you didn't seem to care when Trump didn't like the law about stepping aside when he lost the election.

Methinks you don't really care about anything but the D next to Biden's name.

 

[Joe_Hoopsier]

No they weren't.

They disagreed that the value of their real estate was equal to a taxable value (which is actually embarrassing that the State would use that argument), or even a third party vendors "Opinion of Value" (the other reports that were cited).

Unless there's some back end debtors that are getting the potential proceeds here, this clearly looks like (at best) political nonsense, or at worst, a government shakedown.

in 35 years of being a real estate owner/ purchaser, I have NEVER had a taxing authority make a valuation of any of my properties that reflect any semblance of a real market value. NEVER
The idea that a private citizen can request a loan for a piece of real property, offer their opinion of the value of said property, then the lender agree, then the borrower pay off the loan WITH INTEREST, being a crime against humanity is pure legal RAPE of the American judicial system.
There is pure and evidence based case of being a threat to, not only our democracy, but our entire principals of our existence.
Trump is viewed by the One World order, like Ukraine is to Russia.
The fact that the demoncrats are waging this war, totally explains that they are pushing some one world order shit and their entire base is an activated terrorist cell that must be ...... extracted. There is not other option at this point to save the country. Hell, Humanity for that matter. If they are this powerful, all of humanity will be under a Putin type control. This is unquestionable. Let freedom seeds ring!

 

[anon_mya1phvcpf5x4]

I meant the democrats as a whole have decided to selectively go after Trump. He should have just went away and he would have been fine. His bravado and pride didn’t allow him. Now he’s paying.

Just like the SCOTUS ordeal with Garland, this will come back to get the Democrats.

Clear all dems, pubs and their aides out of DC and ban them from returning. Term limits for the new people.

He would have been in trouble regardless of whether or not he ran.

One of the big reasons he is running is so that he can escape punishment and pardon himself.

 

[Bulk VanderHuge]

We moved up an hour. Bright sunshine but moving up we missed sunset ceremony. Turned out original time would have been fine. Trying to predict late afternoon Florida beach weather impossible.

My brides first marriage. It turned out great.

Lots of sun on beach. My golfer boy tan is just about fixed. 😂 I need to lose 15 pounds. 😂

Thanks for asking.

Glad it worked out!
My wife and I renewed our vows a few years ago in October for our 30th on the beach in Destin. It was us, our kids and our son in law.
What started out as a joke while drinking in the spring turned into a full on ceremony with minister, photographer, an arch, and our daughter singing. It was awesome.

 

[SqueakyClean]

in 35 years of being a real estate owner/ purchaser, I have NEVER had a taxing authority make a valuation of any of my properties that reflect any semblance of a real market value. NEVER

I am not an expert in this field, but in the twenty years I have owned my home, I have received notices of an increase in my property taxes due to an increase in value of my home, maybe 4 or 5 times. Is that not a taxing authority making a valuation of my property? Maybe that is something different than what you are describing, but it is my understanding that county authorities asses the values of property within their jurisdiction on a yearly basis.