Article

2024-10-01 Government Corruption

NY Judges Scrutinize ‘Troubling' $450 Million Penalty In Trump Fraud Case: ‘No One Lost Any Money'

[The Federalist] Manhattan Supreme Court Judge Arthur Engoron ordered in February former President Donald Trump to pay an approximate $450 million penalty in a civil fraud case in which there were no victims. Now, a New York appellate court is raising questions regarding the "troubling" penalty and Attorney General Letitia James’ justification for bringing the case in the first place.

James accused Trump of inflating his personal wealth to get better loan terms. Trump, for example, valued his Mar-a-Lago estate at between $427 million and $612 million, Forbes reported. Engoron, however, cited a one-off local Palm Beach County appraiser who valued the property as low as $18 million. Some experts have reportedly valued the sprawling property in the hundreds of millions.

As my colleague Mark Hemingway explained earlier this year, "Trump took out loans over several years, as real estate moguls are wont to do. For him to get approved for those loans, the banks did their own due diligence about Trump’s finances and ability to pay back the loans and decided to give them to him. Trump paid back the loans, and everyone made money."

Enogoron ultimately ordered Trump to pay $354 million plus an additional $100 million in interest. Trump posted a $175 million bond in April and appealed the ruling.

Posted by Besoeker 2024-10-01 02:52|| || Front Page|| [11149 views ] Top

“Show me the man and I'll show you the crime”
~ Lavrentiy Pavlovich Beria, Stalin's secret police chief.

Posted by Besoeker 2024-10-01 02:58|| 2024-10-01 02:58|| Front Page Top

#2
It is clear to many DC kiss up underlings, DC Cartel days are limited.

I recently downloaded the 922 page Project 2025 Pdf from the Project2025.org site, and started skim reading certain parts and topics. I can see just from the skim reads why the LSD fear it.

Note: There are bogus versions floating around be sure to verify your Dload as real.

Posted by NN2N1 2024-10-01 06:15|| 2024-10-01 06:15|| Front Page Top

#3 Jeez, practical objections?
Whodathunkit.

Posted by ed in texas 2024-10-01 10:42|| 2024-10-01 10:42|| Front Page Top

#4 He's paying real estate taxes on the value of the property. What's the appraised value?

Posted by KBK 2024-10-01 19:02|| 2024-10-01 19:02|| Front Page Top

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