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re: Letitia James Faces Growing Pressure to Prosecute Jon Stewart over Property Overvaluation

Posted on 3/30/24 at 1:31 pm to
Posted by Dday63
Member since Sep 2014
2298 posts
Posted on 3/30/24 at 1:31 pm to
quote:

The sole argument he made justifying the judgment against trump was that his appraised value of MAL was so much larger than the assessed value


That wasn't Stewart's sole argument, and he don't think he even mentioned MAL. I don't think he was even justifying the size of the judgment. He just said Tump's fraud was mot victimless.

Edit....we may have seen different Jon Stewart clips. All I saw was the "not a victimless crime" rant.
This post was edited on 3/30/24 at 2:14 pm
Posted by BBONDS25
Member since Mar 2008
48521 posts
Posted on 3/30/24 at 2:14 pm to
quote:

That wasn't Stewart's sole argument, and he don't think he even mentioned MAL. I don't think he was even justifying the size of the judgment. He just said Tump's fraud was mot victimless.


Yes it was his sole argument. And his claim the alleged fraud isn’t victimless was dumb too. Is there ANY indication that the lenders ran out of money to lend because they lent to Trump? Of course not. Using Stewart’s own logic, Trump actually helped other potential lenders by times paying the principal and interest to the bank. It’s ok to say Stewart made a stupid comment. It’s also ok to say Trump didn’t commit fraud. You just can’t bring yourself to do it. So you go in these Lon winded irrelevant diatribes.

Do better.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
74064 posts
Posted on 3/30/24 at 2:24 pm to
quote:

He just said Tump's fraud was mot victimless.


Who was the victim? Of said "fraud"
Posted by bird35
Georgia
Member since Sep 2012
12230 posts
Posted on 3/30/24 at 2:27 pm to
The reason the State wants to ban Tic Toc is so they can censure these kinds of stories and ignore them.

Posted by dgnx6
Baton Rouge
Member since Feb 2006
68845 posts
Posted on 3/30/24 at 2:31 pm to
quote:

I believe in everything for Trump, and everything against James, but as I understand these two scenarios, they are not even remotely similar. It’s a terrible hill for us on the right to die on, because it gives the left a simple argument to say it’s OK to prosecute Trump and not Stewart.



Explain how they are different, besides the main similarity, they overvalued property and deceived New Yorkers.


Posted by Dday63
Member since Sep 2014
2298 posts
Posted on 3/30/24 at 2:34 pm to
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 by blueboxer1119
Baton Rouge
Member since May 2013
8029 posts
Posted on 3/30/24 at 2:41 pm to
quote:

"OMG!! I've been caught doing something not remotely similar to Trump!" the comedian posted on Wednesday. "I guess all I need to do now is start a fraud college, steal classified docs, bankrupt casinos, pay hush money, grab pussies, discriminate in housing, cheat at golf and foment insurrection and you'll revere me!"


Stewart’s response.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
74064 posts
Posted on 3/30/24 at 2:58 pm to
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 by BBONDS25
Member since Mar 2008
48521 posts
Posted on 3/30/24 at 3:32 pm to
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 by BBONDS25
Member since Mar 2008
48521 posts
Posted on 3/30/24 at 3:32 pm to
quote:

guess all I need to do now is start a fraud college, steal classified docs, bankrupt casinos, pay hush money, grab pussies, discriminate in housing, cheat at golf and foment insurrection and you'll revere me!"


There it is. Deflect deflect deflect
Posted by blueboxer1119
Baton Rouge
Member since May 2013
8029 posts
Posted on 3/30/24 at 3:57 pm to
quote:

There it is. Deflect deflect deflect


Pretty much what I expected.
Posted by Antonio Moss
Baton Rouge
Member since Mar 2006
48328 posts
Posted on 3/30/24 at 4:02 pm to
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 by stampman
Louisiana
Member since Oct 2006
4919 posts
Posted on 3/30/24 at 4:07 pm to
quote:

Half of them know the entire case is bullshite, but they don’t care because OMB.


Just like some on this board...right, Roger, Ricks, SFP, etc.etc.you know the rest!
Posted by Rebel
Graceland
Member since Jan 2005
131444 posts
Posted on 3/30/24 at 4:10 pm to
At the very least, Stewart should pay years of back taxes based on the true property value vs the “taxed value”.
Posted by beaux duke
Member since Oct 2023
424 posts
Posted on 3/30/24 at 4:22 pm to
I'll need to see more than comments from a freshman GA congressman, a right wing radio host and, you know, Trump's attorney to consider this as (((growing pressure))) to prosecute Letitia
Posted by BBONDS25
Member since Mar 2008
48521 posts
Posted on 3/30/24 at 4:43 pm to
quote:

I'll need to see more than comments from a freshman GA congressman, a right wing radio host and, you know, Trump's attorney to consider this as (((growing pressure))) to prosecute Letitia


There is nothing to prosecute. The point that is being made is that Stewart is a complete hypocrite for using the difference between assessed value and appraised value as evidence of fraud.
Posted by BBONDS25
Member since Mar 2008
48521 posts
Posted on 3/30/24 at 4:57 pm to
quote:

Pretty much what I expected.


I didn’t expect THAT response from Stewart. I expected him to differentiate the transaction. To bring up Trump’s failed ventures is remarkably naive or disingenuous. Ask ANY billionaire out there how many ventures they have that failed. It’s a really really dumb argument to make. Stewart should know better. All the other stuff is just complete BS. It’s almost as if it was a knee jerk emotional reaction.
This post was edited on 3/30/24 at 4:59 pm
Posted by Auburn1968
NYC
Member since Mar 2019
19635 posts
Posted on 3/30/24 at 4:59 pm to
Posted by Auburn1968
NYC
Member since Mar 2019
19635 posts
Posted on 3/30/24 at 5:00 pm to
quote:

Nothing will happen


She's likely too stupid to even be embarrassed.
Posted by Wildcat1996
Lexington, KY
Member since Jul 2020
6052 posts
Posted on 3/30/24 at 5:01 pm to
This isn't real pressure. WTF are you trying to kid?
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