Donald J Trump
Gregg Jarrett and Elizabeth MacDonald—Thank you to both! Letitia James is a corrupt politician using her office for political gain, although her run for Governor was not exactly successful—She polled at close to ZERO, and went back to the AG’s office and “Getting Trump.”
Gregg Jarrett and Elizabeth MacDonald—Thank you to both! Letitia James is a corrupt politician using her office for political gain, although her run for Governor was not exactly successful—She polled at close to ZERO, and went back to the AG’s office and “Getting Trump.”
Gregg Jarrett
This case should never have been filed, and Trump has several viable defenses:
1. This all about valuations of property, which is highly subjective. It’s opinion, not fact. Disparities are common. But the lenders and insurers did their own independent “due diligence.” They confirmed Trump’s valuations and found no fraud or false statements.
2. Those same banks made enormous profits from Trump —$100 million plus interest— when he repaid all the loans. It’s hard to claim fraud when no one was harmed and there’s no victim.
3. Trump’s valuations complied with accepted General Accounting Principles…and were performed not by Trump, but by expert professionals who will testify at trial that they were valid.
4. Some of the claims are so old that they’re barred by the statute of limitations, which the judge ignored.
This is a classic case of a political prosecution. AG Letitia James ran for office on the promise of “getting Trump.” She prejudged a case of which she had no knowledge. That’s an egregious violation of the cannons of ethics governing prosecutors.
The judge seems equally biased. For example, his pronouncement that Mar-a-Lago is only worth $18 million is laughable. Florida real estate experts say the land alone is worth $500 million.
Nevertheless, the die is cast. Having already ruled against Trump last week on one of the main fraud claims, it’s obvious that Judge Engoron will find in favor of James. This will set the stage for a lengthy appeal.
Donald J Trump
A chief property tax appraiser for Palm Beach County, Cecil Jackson, told Newsweek that clubs like Mar-a-Lago are assessed based on membership numbers, dues, and the cost to run the facility. These valuations are “for tax purposes only and not for financing or … for a lending institution,” he said.
“It’s almost obnoxiously low,” another Palm Beach realtor with over 30 years of experience in the area, tells the Sun…Mar-a-Lago has 17 acres and stretches across the island, with beachfront on both sides. “There are no comparables. There’s nothing to go on. It would be like you asking me how much is the Mona Lisa worth?” he says.
This case should never have been filed, and Trump has several viable defenses:
1. This all about valuations of property, which is highly subjective. It’s opinion, not fact. Disparities are common. But the lenders and insurers did their own independent “due diligence.” They confirmed Trump’s valuations and found no fraud or false statements.
2. Those same banks made enormous profits from Trump —$100 million plus interest— when he repaid all the loans. It’s hard to claim fraud when no one was harmed and there’s no victim.
3. Trump’s valuations complied with accepted General Accounting Principles…and were performed not by Trump, but by expert professionals who will testify at trial that they were valid.
4. Some of the claims are so old that they’re barred by the statute of limitations, which the judge ignored.
This is a classic case of a political prosecution. AG Letitia James ran for office on the promise of “getting Trump.” She prejudged a case of which she had no knowledge. That’s an egregious violation of the cannons of ethics governing prosecutors.
The judge seems equally biased. For example, his pronouncement that Mar-a-Lago is only worth $18 million is laughable. Florida real estate experts say the land alone is worth $500 million.
Nevertheless, the die is cast. Having already ruled against Trump last week on one of the main fraud claims, it’s obvious that Judge Engoron will find in favor of James. This will set the stage for a lengthy appeal.
Donald J Trump
A chief property tax appraiser for Palm Beach County, Cecil Jackson, told Newsweek that clubs like Mar-a-Lago are assessed based on membership numbers, dues, and the cost to run the facility. These valuations are “for tax purposes only and not for financing or … for a lending institution,” he said.
“It’s almost obnoxiously low,” another Palm Beach realtor with over 30 years of experience in the area, tells the Sun…Mar-a-Lago has 17 acres and stretches across the island, with beachfront on both sides. “There are no comparables. There’s nothing to go on. It would be like you asking me how much is the Mona Lisa worth?” he says.
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