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stout
Arizona Fan
Smoking Crack with Hunter Biden
Member since Sep 2006
157232 posts

NY AG says Mar-a-Lago was valued as high as $739M when it should've been at $75M

THEY GOT HIM NOW!


quote:

New York Attorney General Letitia James announced a lawsuit against Trump for violating the law as part of his efforts to generate profits. She gives the example that Mar-a-Lago was valued as high as $739M when it should've been at $75M. In a more than 200 page lawsuit, the Attorney General said that Donald Trump, his family, and the Trump Organization committed more than 200 criminal acts by falsifying asset evaluations to inflate their wealth. The lawsuit also names three of Donald Trump's children: Donald Trump Jr., Ivanka Trump, and Eric Trump. Attorney General James is seeking to permanently bar the Trump family from conducting business in New York and $250 million in penalties.


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Liberals are insane. This is going to be more NY tax payer money wasted on an investigation and lawsuit that will lead nowhere.


momentoftruth87
Arkansas Fan
Member since Oct 2013
53177 posts

Yep. Tired of paying these idiots.


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519
BBONDS25
LSU Fan
Member since Mar 2008
38573 posts

That’s going to blow up in her face.


BigMob
Georgia Fan
Georgia
Member since Oct 2021
5032 posts
 Online 

They’ve got him !


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365
bayoudude
LSU Fan
Member since Dec 2007
23382 posts

Well opinions are like a-holes. you can value something at whatever you want it’s getting someone to pay the price that’s tricky
This post was edited on 9/21 at 12:54 pm


idlewatcher
Houston Astros Fan
County Jail
Member since Jan 2012
67637 posts

Damn, they got him now!


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135
Nono
Member since Nov 2017
4068 posts

Doesn’t the bank or lender do independent appraisals before lending money?


upgrayedd
US Space Force Fan
Lifting at Tobin's house
Member since Mar 2013
131090 posts
 Online 

quote:

New York Attorney General Letitia James announced a lawsuit against Trump for violating the law as part of his efforts to generate profits. She gives the example that Mar-a-Lago was valued as high as $739M when it should've been at $75M. In a more than 200 page lawsuit, the Attorney General said that Donald Trump, his family, and the Trump Organization committed more than 200 criminal acts by falsifying asset evaluations to inflate their wealth. The lawsuit also names three of Donald Trump's children: Donald Trump Jr., Ivanka Trump, and Eric Trump. Attorney General James is seeking to permanently bar the Trump family from conducting business in New York and $250 million in penalties.

Wall St. does this shite all day every day


stout
Arizona Fan
Smoking Crack with Hunter Biden
Member since Sep 2006
157232 posts

Who knew the NY AG was a FL real estate valuation expert?
This post was edited on 9/21 at 12:56 pm


udtiger
US Space Force Fan
Over your left shoulder
Member since Nov 2006
90804 posts
 Online 

quote:

the Attorney General said that Donald Trump, his family, and the Trump Organization committed more than 200 criminal acts


yet...no criminal prosecution


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beebefootballfan
Hawaii Fan
Member since Mar 2011
17061 posts
 Online 

What exactly is she basing it off off? Forbes valued the residence at 160 mil in 2018. Being as property went crazy a few years back during covid its plausible to think that the 2nd largest mansion in Florida is well worth 739 mil now.


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3113
GumboPot
Georgetown Fan
Member since Mar 2009
103019 posts

I don't understand the charge. Did she cite the law that Trump broke?

And were are the banks in all this? They are the harmed party. Not the state of New York unless New York secured the loans on false information.


GWM
Member since Aug 2021
1128 posts

quote:

NY AG says Mar-a-Lago was valued as high as $739M when it should've been at $75M


Let's check her personal bank accounts about a year from now. I'm curious as to how much Soros, and the DNC, is paying her to act as their personal stooge.


Sev09
LSU Fan
Nantucket
Member since Feb 2011
14907 posts
 Online 

So is he overinflating his wealth or paying $0 in taxes? Can’t really have it both ways


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Scream4LSU
LSU Fan
Member since Sep 2007
865 posts

The bank appraises value of an asset/collateral and loans the money. Not sure why the NY AG would be a player in this. The banks shareholders would be the party that would need to sue if that where the case.


the808bass
SE Missouri Fan
The Lou
Member since Oct 2012
100853 posts
 Online 

My property brings in $0 in revenue for me.

Do I multiply by three to get the asset value?

What the hell is going on here?

You couldn’t build Mar-a-Lago for $75M today.
This post was edited on 9/21 at 1:00 pm


keakar
Member since Jan 2017
23938 posts

quote:


That’s going to blow up in her face.


yep, because if they win, nothing happens to trump, and then NY owes him a few hundred million in tax refunds for the amount of overpaid taxes based on those asset values


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253
stout
Arizona Fan
Smoking Crack with Hunter Biden
Member since Sep 2006
157232 posts

quote:

Doesn’t the bank or lender do independent appraisals before lending money?



Sure and I can value my possessions by whatever amount I see fit. It's up to the lender to do their due diligence.

It looks like their argument is going to be Trump lied on loan documents or something I guess to prove fraud. It's a pretty poor argument in Trump's case unless he did lie with no intention if paying the loans back.


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David_DJS
Member since Aug 2005
9357 posts

quote:

committed more than 200 criminal acts

I thought this was a civil action?


stout
Arizona Fan
Smoking Crack with Hunter Biden
Member since Sep 2006
157232 posts

quote:

You couldn’t build Mar-a-Lago for $75M today.




Lots in that part of FL sell for $100 million


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