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Started By
Message
re: Letitia James Faces Growing Pressure to Prosecute Jon Stewart over Property Overvaluation
Posted on 3/30/24 at 2:34 pm to BBONDS25
Posted on 3/30/24 at 2:34 pm to BBONDS25
quote:
Who alleged fraud to the department of revenue? Was that part of the damages assessed by the judge?
Yes, it was. It was Cohen who originally said Trump would value his properties high for lenders and low for tax purposes. James brought the receipts.
Stewart referenced lost tax revenue as a reason there were victims of Trump's fraud.
quote:
Not necessarily. You’re smart enough to know that occupancy of apartment buildings fluctuate daily. Were these claims made the same day, month, yea
Average occupancy. But don't get hung up on this one example. Trump had a repeated practice over decades of making these types of demonstrably false statements in his financial disclosures.
And yes, lease terms and average occupancies are a major factor in assessing the value of commercial property.
quote:
The reason he claimed those representations to the lenders were fraudulent was because the assessed value is so much less
As I noted above, we must have seen different Jon Stewart clips. I agree that a vast difference in assessed value vs. Market value is not fraudulent on its own.
But Trump was making objectively false statements in his financial disclosures. He wasn't just claiming properties had certain values, he was making false statements to support those values, such as average occupancies, or the size of his own penthouse.
Regardless, I just don't see how any of this relates to Stewart selling his own home, unless he really does claim having a huge discrepancy in values should be considered fraud.
Even then, Stewart could not be sued under the same provision as Trump, because that statute requires "repeated or persistent fraud or ilegality" and a single transaction is not going to be actionable.
Posted on 3/30/24 at 2:58 pm to Dday63
quote:
It was Cohen who originally said Trump would value his properties high for lenders and low for tax purposes. James brought the receipts.
Cohen? Trump assesses his properties for tax purposes?
Can you provide these receipts?
quote:
Stewart’s response.
What a meltdown
This post was edited on 3/30/24 at 2:59 pm
Posted on 3/30/24 at 3:32 pm to Dday63
quote:
Yes, it was. It was Cohen who originally said Trump would value his properties high for lenders and low for tax purposes. James brought the receipts.
Where is the New York judgement is this? What page? Because if Cohen said trump sets the value for his tax assessment he is a complete moron. If you didn’t know that, you’re a complete moron. Oh, and what receipts did Cohen bring? Anything but his word?
quote:
Stewart referenced lost tax revenue as a reason there were victims of Trump's fraud.
No he didn’t. He said borrowers that couldn’t get a loan because trump got one created the victims.
quote:
Average occupancy. But don't get hung up on this one example
You made the accusation. I explained why you were wrong. If you want to go through them one by one I’m game.
quote:
But Trump was making objectively false statements in his financial disclosures
You’ve already misstated so many facts. Objective to you is meaningless
quote:
Regardless, I just don't see how any of this relates to Stewart selling his own home,
That’s because you’re biased. The hypocrisy is Stewart vloaiming trump using a value above assessed values is fraud is complete bullshite. He and you know that. You ignore that and bring up anything you can to deflect. Like you’re doing in this thread.
This post was edited on 3/30/24 at 4:42 pm
Posted on 3/30/24 at 4:02 pm to Dday63
quote:
It was Cohen who originally said Trump would value his properties high for lenders and low for tax purposes. James brought the receipts.
Stewart referenced lost tax revenue as a reason there were victims of Trump's fraud.
So wait, are you alleging that in Florida, a business gets to declare its own property value for purposes of tax assessment?
Posted on 3/30/24 at 9:26 pm to Dday63
You are a fricking moron. Trump didn't set the tax value on any of his properties. The State set those values. It doesn't matter what he put on his personal financial statement. The State and the Lenders set their own values on the properties.
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