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

[Magnus]

No amount of calling your opponents “retard” will negate the fact that only Trump was prosecuted for actions others have done and given a pass.

The best outcome will be for the SCOTUS to reduce his fine to $10. And they could.

Prove it. Prove that only Trump has been prosecuted for actions others have done and who have been given a pass.

Prove it or accept the fact that you are indeed a retard. Your choice. Go.

 

[Fort Fun Indiana]

And there's another fantasy that Trump haters use for a crutch. "The Trump Cult" so sad, so silly.

Nobody wants to hear a grown man whine.

Make us laugh. Make up another lie.

Don't make me ask twice.

 

[Lisa558]

Prove it. Prove that only Trump has been prosecuted for actions others have done and who have been given a pass.

Prove it or accept the fact that you are indeed a retard. Your choice. Go.

No. YOU prove that others have been charged under the same circumstances.

 

[Hollie]

Wear those shoes proudly, retard.

You just like the retard moniker. It fits you,

 

[MarathonMike]

Nobody wants to hear a grown man whine.

Make us laugh. Make up another lie.

Don't make me ask twice.

Fort Fantasy sez: : "Show me the man and I'll show you the crime".

 

[justoffal]

Oh the dumb shit the cult tells themselves.

There's nothing dumb about it
This is the he 800 million pound Gorilla......you already know this....I said from the outset that this case would eventually run aground because it must. You confuse that with defending the actions....which I do not.

 

[Lisa558]

Fort Fantasy sez: : "Show me the man and I'll show you the crime".

Thats from Stalin, I believe: the liberals’ hero.

 

[Care4all]

Setting a high price for a luxury property is not a "lie". That is business as usual. The entire case against Trump is a ridiculous application "the law". James and Engoron should be disbarred. You hate Trump and love Stewart so you pick and choose who was right or wrong based on that.

Setting a high price , FOR WHOM matters.... to sell your home, by all means....go for it! To brag in the public about its worth, go for it!

To say your asset is worth X amount in value, because you can raise rental rates each year... thus income each year, making the property quite valuable on the market to a buyer... is expected and a common way to say your estimated property value is higher than what it may appear this moment in time... And things like that, which borrowers use as a way to increase their assets... so to lower their loan risk in the bank's eyes.

But, the Trump org did fraudulent things to claim their assets were higher...using the example above, the Trump org on a few properties that had lots of rental income, coming in, where he claimed its value was much higher due to the rise in future rental income,

were RENT CONTROL buildings.... Where their building value and Trump's asset, was worth much LESS than he claimed when he lied on the form saying those buildings he owned were not under RENT CONTROL.

THEN the Trump org lied about Trump's penthouse home, claiming its asset value in the 1000% over the market value of it, by claiming his 10,000 sq foot penthouse was 30,000 feet.

These, fraudulent type claims and over valuing his assets over the statutory 10 year period, were repeated over and over again, changing lies even, over the period.

These were INTENTIONAL fraudulent claims....not just an opinion of market value that could be subjective. Trump org, put down outright made up lies over and over and over again similar to the ones listed above...

 

[justoffal]

Setting a high price , FOR WHOM matters.... to sell your home, by all means....go for it! To brag in the public about its worth, go for it!

To say your asset is worth X amount in value, because you can raise rental rates each year... thus income each year, making the property quite valuable on the market to a buyer... is expected and a common way to say your estimated property value is higher than what it may appear this moment in time... And things like that, which borrowers use as a way to increase their assets... so to lower their loan risk in the bank's eyes.

But, the Trump org did fraudulent things to claim their assets were higher...using the example above, the Trump org on a few properties that had lots of rental income, coming in, where he claimed its value was much higher due to the rise in future rental income,

were RENT CONTROL buildings.... Where their building value and Trump's asset, was worth much LESS than he claimed when he lied on the form saying those buildings he owned were not under RENT CONTROL.

THEN the Trump org lied about Trump's penthouse home, claiming its asset value in the 1000% over the market value of it, by claiming his 10,000 sq foot penthouse was 30,000 feet.

These, fraudulent type claims and over valuing his assets over the statutory 10 year period, were repeated over and over again, changing lies even, over the period.

These were INTENTIONAL fraudulent claims....not just an opinion of market value that could be subjective. Trump org, put down outright made up lies over and over and over again similar to the ones listed above...

Yes.....and his actions pull the covers off of one of NY states most oft repeated real estate practice. ....legal or not.....this is SOP for the big transactions. NY state is not alone.

 

[mudwhistle]

Trump wasn't selling his house!

Doesn't matter. Jon Stewart overvalued his condo by 900%.
Jon Stewart valued his property at around $18 million, but turns out he's only paying taxes on $800,000

You claim Trump overvalued his home, Mar-a-lago. Turns out he didn't.
Trump said his property was valued at between $300-400 million......and many Real Estate professionals say they could sell it for that.
Engeron claims a property he claims is only worth $18 million, that is bigger than all the properties that are on both sides of Mar-a-lago which are valued at $100-150 million, is only worth a fraction of that.

It doesn't matter if Jon Stewart was trying to build another property or he was selling his own home. The issue that they charged Trump with is exactly the same. Overvaluing his own property. There's no laws on the books that says you can't do this.

Also, you can sell your property for whatever price you want. Be it $1 or $1 million. It doesn't matter what the appraiser says your property is worth as long as there is a buyer willing to pay what your asking price is.

Have you ever heard of house-flipping?

It's when you buy a property and then sell it within a short period of time for more than you paid for it. If you buy a property from a motivated seller you can usually get a bargain on the purchase price. Then turn around and sell it 6 months later. You can also game the market and sell it when the price goes up do to it being a seller's market. My wife bought her home for $37,500.00 and sold it for $427,000.00 several years later.

 

[justoffal]

Prove the crime, retard.

In case you haven't noticed no crime has yet been proven....

The appeals process is just beginning and the case will run aground because it must....sure there are charges but those are a dime a dozen.

 

[mudwhistle]

Setting a high price , FOR WHOM matters.... to sell your home, by all means....go for it! To brag in the public about its worth, go for it!

To say your asset is worth X amount in value, because you can raise rental rates each year... thus income each year, making the property quite valuable on the market to a buyer... is expected and a common way to say your estimated property value is higher than what it may appear this moment in time... And things like that, which borrowers use as a way to increase their assets... so to lower their loan risk in the bank's eyes.

But, the Trump org did fraudulent things to claim their assets were higher...using the example above, the Trump org on a few properties that had lots of rental income, coming in, where he claimed its value was much higher due to the rise in future rental income,

were RENT CONTROL buildings.... Where their building value and Trump's asset, was worth much LESS than he claimed when he lied on the form saying those buildings he owned were not under RENT CONTROL.

THEN the Trump org lied about Trump's penthouse home, claiming its asset value in the 1000% over the market value of it, by claiming his 10,000 sq foot penthouse was 30,000 feet.

These, fraudulent type claims and over valuing his assets over the statutory 10 year period, were repeated over and over again, changing lies even, over the period.

These were INTENTIONAL fraudulent claims....not just an opinion of market value that could be subjective. Trump org, put down outright made up lies over and over and over again similar to the ones listed above...

Clearly you haven't a clue how Real Estate financing works.

Your leftist masters filled your mind full of BS and you actually think you have a valid point when you don't.

Anyone who has qualified for a loan would know this if they had half a brain in their noggin.

 

[justoffal]

Doesn't matter. Jon Stewart overvalued his condo by 900%.
Jon Stewart valued his property at around $18 million, but turns out he's only paying taxes on $800,000

You claim Trump overvalued his home, Mar-a-lago. Turns out he didn't.
Trump said his property was valued at between $300-400 million......and many Real Estate professionals say they could sell it for that.
Engeron claims a property he claims is only worth $18 million, that is bigger than all the properties that are on both sides of Mar-a-lago which are valued at $100-150 million is only worth a fraction of that.

It doesn't matter if Jon Stewart was trying to build another property or he was selling his own home. The issue that they charged Trump with is exactly the same. Overvaluing his own property. There's no laws on the books that says you can't do this.

Yep...The people of NY state have been duped out of sales tax and property tax. Hoo-boy....

This is a door they really don't want to open.

 

[justoffal]

Clearly you haven't a clue how Real Estate financing works.

Your leftist masters filled your mind full of BS and you actually think you have a valid point when you don't.

Anyone who has qualified for a loan would know this if they had half a brain in their noggin.

This practice was wide spread for the 15 years leading up to the great derivatives crash of 2008....it was happening everywhere.

 

[westwall]

Nope! One can lie, brag etc all they want about their own home value in the public. One can also sell their property for what a buyer is willing to pay, as long as the seller reveals all known problems to the buyer.

The core issue is lying on a certified to be true financial asset form listing the borrower's property assets, that is required when borrowing money in the multi-million dollar range, to determine the customer risk and rate of interest.

Interesting double standard you live by.

 

[Lisa558]

Interesting double standard you live by.

If libs didn’t have double standards, they’d have no standards at all.

 

[westwall]

No amount of calling your opponents “retard” will negate the fact that only Trump was prosecuted for actions others have done and given a pass.

The best outcome will be for the SCOTUS to reduce his fine to $10. And they could.

No, the best outcome would be for the appellate court to dismiss with prejudice.

 

[justoffal]

Setting a high price for a luxury property is not a "lie". That is business as usual. The entire case against Trump is a ridiculous application "the law". James and Engoron should be disbarred. You hate Trump and love Stewart so you pick and choose who was right or wrong based on that.

NY real estate is very corrupt business....it probably needs a good catharsis! The question here is how do you open the door and just go after one person?

Jo

 

[justoffal]

No, the best outcome would be for the appellate court to dismiss with prejudice.

I think we will now see a parade of similar transactions make their way into the light. They all own property.....lol.....
Wisdom: "Never shit in your own nest"...

 

[Lisa558]

No, the best outcome would be for the appellate court to dismiss with prejudice.

That would be the constituional thing to do, in light of selective prosecution, but the appellate court is still in NY - liberals.