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re: What value did NY courts place on MAL?

Posted on 3/22/24 at 1:07 am to
Posted by tgerb8
Huntsvegas
Member since Aug 2007
6003 posts
Posted on 3/22/24 at 1:07 am to
This is the "fraud" trial right? Can someone refresh me on why NYC has ANY say so over MAL or how "overvaluing" MAL has any effect on NYC?

IE. how the FCK do THEY have standing?
Posted by SECSolomonGrundy
Slaughter Swamp
Member since Jun 2012
15985 posts
Posted on 3/22/24 at 6:02 am to
quote:

This is the "fraud" trial right? Can someone refresh me on why NYC has ANY say so over MAL or how "overvaluing" MAL has any effect on NYC?



NY says he overvalued his properties for some loans he got from a NY bank. They say thats fraud. But the loan was repaid and the banks didnt lose a dime.
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