Trump Indictment Watch

[cajunrevenge]

From what I'm seeing the rulings seem to be based on conjecture and with him believing he gets to dictate what the true value is. An example is that the $500 million evaluation Trump has on Mar-a-Lago is correct. That's been proven. He also has a right to get the tax evaluation down if he can.

Most of these so-called lies can be explained with errors and that idiot judge not completely understanding the situation and drawing the wrong conclusion. This case should have been left to the courts that deal with commercial property and not by a judge that seems not to understand anything. If it went to the commercial courts this case would have been dismissed.

This insane judgment won't hold up in appeals.

"Weisselberg directed Kidder to assume certain things when preparing the budget projections, such as presupposing that any vacant space remaining in a property would be fully
leased by the end of the year and omitting management fees from affiliated entities (falsely claiming that “payment[s] to an affiliated company” did not have to be included in costs)."



"When valuing Trump Tower for the 2018 and 2019 SFCs, Weisselberg instructed Birney to remove the management fees from the net operating expenses, even though they were an expense, and to apply a 2.67 cap rate, despite Birney’s raising concerns with Weisselberg that he might not be able to support such a low cap rate. "

[thethe]

Who is the victim for going 55 in a 45?

Is that a serious question?

[cajunrevenge]

Are you a serious person?

[cajunrevenge]

The Judge apparently also added interest from each of the loans. Which adds another 100 million to his payment. For a whopping total of 453.5 million.

[57Brave]

at what point will these people realize, this guy ain't who he says he is ?

[thethe]

at what point will these people realize, this guy ain't who he says he is ?

Tell us what the crime is here and who was hurt...

[cajunrevenge]

The crime is fraud. Lying on financial forms in order to receive favorable terms on his loans. The fines are directly related to the amount Trump saved on his loans from lying. And the Judge applied interest from the points those loands were taken out which added another 100 million. The bank was hurt by making less money. Real estate competitors were harmed by Trump having an unfair advantage by cheating the system.

[thethe]

The crime is fraud. Lying on financial forms in order to receive favorable terms on his loans. The fines are directly related to the amount Trump saved on his loans from lying. And the Judge applied interest from the points those loands were taken out which added another 100 million. The bank was hurt by making less money. Real estate competitors were harmed by Trump having an unfair advantage by cheating the system.

Are you then supportive of extended this 'crime' to all people that do it?

[cajunrevenge]

When theres clear intent to deceive and its persistent fraud and not one simple mistake on a form. Yes.

[thethe]

When theres clear intent to deceive and its persistent fraud and not one simple mistake on a form. Yes.

That leads me to believe that you think what trump “did” was unique? Is that your position?

[cajunrevenge]

Does it matter? If they all do it then better to make an example of someone so they stop doing it,

[thethe]

Does it matter? If they all do it then better to make an example of someone so they stop doing it,

And even better it gets to be Trump that suffers!!!

[thethe]

This case just opened up significant liability at the states discretion.

Why do business in NY at this time with such hostile actors?

I know though - Cajun understand the reality better than someone who does this for a living.

[Garmel]

"Weisselberg directed Kidder to assume certain things when preparing the budget projections, such as presupposing that any vacant space remaining in a property would be fully
leased by the end of the year and omitting management fees from affiliated entities (falsely claiming that “payment[s] to an affiliated company” did not have to be included in costs)."


"When valuing Trump Tower for the 2018 and 2019 SFCs, Weisselberg instructed Birney to remove the management fees from the net operating expenses, even though they were an expense, and to apply a 2.67 cap rate, despite Birney’s raising concerns with Weisselberg that he might not be able to support such a low cap rate. "

So, it wasn't the Trumps who instructed him/her. Even then this is a he side, she said situation.

The troubling sign in all of this is that the judge did a summary judgment against Trump before even listening to the witnesses and only going by what James said. This is troubling and a clear sign of corruption.

Btw, let me reiterate that one of America's foremost accountanting experts went through Trump's books and said everything was fine. The judge and his snooty response questioning the man's integrity because he was paid a lot of money is telling that the judge didn't care about facts but was just out to get Trump.

[cajunrevenge]

And even better it gets to be Trump that suffers!!!

Well he is worth 10 billion dollars according to him so this is chump change to him. He could just sell Maralago and still have a billion dollars left over from the sale after paying the fine. Or sell one of his other properties for the price he says they are worth to cover the cost. That would really show us.

[cajunrevenge]

This case just opened up significant liability at the states discretion.

Why do business in NY at this time with such hostile actors?

I know though - Cajun understand the reality better than someone who does this for a living.

This guy also says the Biden economy is great, so do you think his opinion counts on that too or just when its convent for you?

[Garmel]

This guy also says the Biden economy is great, so do you think his opinion counts on that too or just when its convent for you?

Really?

https://news.yahoo.com/finance/news/...qJKRzPTplMOeR_

[thethe]

Really?

https://news.yahoo.com/finance/news/...qJKRzPTplMOeR_

Cajun clownish as usual

[cajunrevenge]

So, it wasn't the Trumps who instructed him/her. Even then this is a he side, she said situation.

The troubling sign in all of this is that the judge did a summary judgment against Trump before even listening to the witnesses and only going by what James said. This is troubling and a clear sign of corruption.

Btw, let me reiterate that one of America's foremost accountanting experts went through Trump's books and said everything was fine. The judge and his snooty response questioning the man's integrity because he was paid a lot of money is telling that the judge didn't care about facts but was just out to get Trump.

No where did I say Trump was the one personally directing them to do that.


The summary judgement was because it was clear as day they were fraudulently inflating the assets, the only question left was intent. They paid for appraisals of their own properties and then hid them from Mazars. Even if they wanted to claim the value was higher than the appraisals they were obligated to turn those records over to the accounting firm. They signed representation that their values and calculations of assets were GAAP compliant which was a lie. They lied about the square footage of Trumps apartment despite having evidence of the correct amount and then when forced to correct it all of a sudden tripled the value per square foot so as to not lower their valuations of the apartment. They valued Maralago as a residence despite agreements not to do so for lower taxes and even at that Maralago was valued at 400% higher than any residence has ever sold for. These were all indisputable facts before the trial even took place.


Heres what the Judge had to say about the "expert witness" Bartov


Professor Bartov did not assess the valuations of any of the assets on Donald Trump’s SFCs. TT 6445. Yet, as this Court previously noted when denying defendants’ motion for a directed verdict, Bartov’s overarching point was that the subject statements of financial condition were accurate in every respect and that they were “100 percent consistent with GAAP.” TT 6537. As this Court discussed in excruciating detail in its September 26, 2023 Decision and Order, the SFCs contained numerous significant errors. By doggedly attempting to justify every misstatement, Professor Bartov lost all credibility in the eyes of the Court.45

Indeed, Bartov insisted that the misrepresentation of the Triplex, resulting in a $200 million overvaluation, was not intentional46 or material (leading the Court to wonder in what universe is $200 million immaterial). TT 6348-6356.


Bartov opined that “GAAP is not designed to give you the true economic value of an asset.” TT 6240. However, it is undisputed that the SFCs required, and Donald Trump represented, that the assets be presented at their estimated current value and be GAAP compliant, so Bartov’s statement is of no consequence. Bartov further attempted to opine on the disclaimer and “worthless clauses,” previously rejected as a defense by this Court in several decisions and orders (subsequently affirmed by the Appellate Division), repeatedly referring to the clauses as “[j]ust like when you have the Surgeon General warning on the box of cigarettes, this warnings [sic] is not Phillip Morris. This warning
is for the smokers.”

Also as a footnote th

"5 As the Court previously observed, Dr. Bartov suffered essentially the same fate testifying before the Hon. Barry Ostrager in People v Exxon Mobil Corp., 65 Misc 3d 1233(A) (Sup Ct, NY County 2019) (“the Court rejects Dr Bartov’s expert testimony as unpersuasive and, in the case of his testimony about the Mobile Bay facility, finds Dr. Bartov’s testimony to be flatly contradicted by the weight of the evidence”)."

[cajunrevenge]

Really?

https://news.yahoo.com/finance/news/...qJKRzPTplMOeR_

https://www.mediaite.com/tv/rip-roar...lation-on-cnn/


"This is a rip roaring economy. If I was President Biden, I’d take advantage of what’s happening here. These are big numbers. These are good numbers.”