QP!
Verified User
It was submitted in to evidence and it was part of what the Judge already cited in his findings of Trump guilt.
Mara Lago to be liquidated?
- Thread starter Jarod
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It was submitted in to evidence and it was part of what the Judge already cited in his findings of Trump guilt.
QP!
Verified User
Ya, ok.
This is something the Magat's are simply incapable of understanding.
When a Tax Assessor goes out they are making a 'Finding' on what they feel the property is worth based on the factors they consider.
When Trump and his team fought that Assessment as too high they were offering their own 'Finding' based on factors they felt made it worth less.
The Judge did none of that. The Judge did not go out to the site. The judge did not hire experts. The judge did not make, nor try to make any assessment of Finding on the property was worth and instead cited what Trump said it was worth.
Trump Day 1 : '$16MM is too high and here is why...', in documented filings.
Trump Day 2 : 'It's worth hundreds of millions, maybe more than a billon, based on these reasons i said yesterday could NOT be used in valuing this property'.
That is it. Day 1 and Day 2 statements using the same 'Trump stated facts' by Trump to represent two wildly different valuations, one to minimize tax, the other to maximize leverage value, is the core of the main fraud.
If that property sells tomorrow to a Saudi, or anyone, for $10B that does not, in any way exonerate Trump as that in no way relieves Trump of the fact he said in documents it was worth less than $16MM.
The fraud is the massive gap between Trumps X and Y valuation and not specifically what either of those numbers are.
Into the Night
Verified User
Marjorie Post built it in the 1920s.
Bill Hicks on Denis Leary, "I have a scoop for you. I stole his act. I camouflaged it with punchlines, and to really throw people off, I did it before he did."
The reason it is worth so much less than you would expect is it cannot be demolished. Any buyer would be stuck with it.
Tax assessors do not assign the same value every year for 8 years.
The value was 16-24 million over several years.
One year it was valued at 16 million and the last year it was valued at 24 million.
Blatant stupidity seems to be your only hope.
QP!
Verified User
It is laughable watching the Trump Family Fraud be exposed.
When Donald Trump took the POTUS office he did a press conference, stating his two sons Uday and Qusay, would become the legal Officers, Directors and corporate fiduciaries and in charge of the Trump companies, and he, DJT, would not be involved.
Now both Uday (Dn Jr) and Qusay (Eric) have taken the stand, and claimed to have no recollection of signing most of the Financial Disclosure forms they did sign, nor any knowledge of what those forms meant. Eric tried to claim 'I just pour cement'. as if his job is in the ditches with the construction crews.
So this just demonstrates that two Sons were put on the business as 'Names only' and behind the scenes it was always DJT reviewing and deciding what would be signed and sending it down the hall to kids who signed without reading or understanding.
And folks you know that is called right? That is 'Fraud'. A family fraud. Documenting the sons are in charge, are responsible and do understand the roles and responsibilities of what they took on when in fact they were just serving as sock puppets.
FLOL. Fraud, Fraud, Fraud, top to bottom in this family and Ivanka will testify next and say more of the same.
When DJT is forced to sit on the stand the last bit of hilarity will ensue, whether he takes the 5th or not as the Lawyers grill him and paint the web of fraud and lies.
He will be told that each of his kids has denied any involvement or understanding of what was being claimed or written in financial statements. He will be asked if he will then admit or accept that he was responsible for these fraudulent statements or if instead he will say no family, including himself knew what was going on, what was being submitted, and they just relied on accountant and lawyers with zero comprehension themselves of what they were being asked to sign.
The company is entirely trapped by that as you CANNOT to not have any responsibility and simply not to understand. That could arguable take away some criminal liability that would land you in jail (no intent) but that is not an excuse to not have your companies guilty of fraud and dissolved as the people who are the Officers, Directors and Fiduciary cannot wash their hands of any knowledge and not then trigger the company to be dissolved.
Think of every Officer, Director and Fiduciary all jointly saying 'we have no knowledge of or responsibility for anything disclosed in outside filings'. The response then is 'ok, your corporate certificates are being dissolved then as someone in the company who wears those titles HAS to be a point of responsibility'.
When Donald Trump took the POTUS office he did a press conference, stating his two sons Uday and Qusay, would become the legal Officers, Directors and corporate fiduciaries and in charge of the Trump companies, and he, DJT, would not be involved.
Now both Uday (Dn Jr) and Qusay (Eric) have taken the stand, and claimed to have no recollection of signing most of the Financial Disclosure forms they did sign, nor any knowledge of what those forms meant. Eric tried to claim 'I just pour cement'. as if his job is in the ditches with the construction crews.
So this just demonstrates that two Sons were put on the business as 'Names only' and behind the scenes it was always DJT reviewing and deciding what would be signed and sending it down the hall to kids who signed without reading or understanding.
And folks you know that is called right? That is 'Fraud'. A family fraud. Documenting the sons are in charge, are responsible and do understand the roles and responsibilities of what they took on when in fact they were just serving as sock puppets.
FLOL. Fraud, Fraud, Fraud, top to bottom in this family and Ivanka will testify next and say more of the same.
When DJT is forced to sit on the stand the last bit of hilarity will ensue, whether he takes the 5th or not as the Lawyers grill him and paint the web of fraud and lies.
He will be told that each of his kids has denied any involvement or understanding of what was being claimed or written in financial statements. He will be asked if he will then admit or accept that he was responsible for these fraudulent statements or if instead he will say no family, including himself knew what was going on, what was being submitted, and they just relied on accountant and lawyers with zero comprehension themselves of what they were being asked to sign.
The company is entirely trapped by that as you CANNOT to not have any responsibility and simply not to understand. That could arguable take away some criminal liability that would land you in jail (no intent) but that is not an excuse to not have your companies guilty of fraud and dissolved as the people who are the Officers, Directors and Fiduciary cannot wash their hands of any knowledge and not then trigger the company to be dissolved.
Think of every Officer, Director and Fiduciary all jointly saying 'we have no knowledge of or responsibility for anything disclosed in outside filings'. The response then is 'ok, your corporate certificates are being dissolved then as someone in the company who wears those titles HAS to be a point of responsibility'.
QP!
Verified User
And since you can NEVER develop it or change it use from a "Resort", which Trump purposely got it classified as to save on tax money, you have ZERO speculative value based on redevelopment into high end homes and condos, etc, which is where all the top value lies.
Instead, it would be valued as any company would be where the only thing the buyer can EVER get from it is Revenue and Profit. So you value it in the same way you would buying a McDonalds franchise. How much Revenue does it generate and how much profit hits the bottom line and what multiple do i want to pay for that Revenue stream as that is how i will get paid back.
This is fact, being an Historic Landmark makes it less valuable. It would be worth a lot more if it could be torn down and beach front condos built.
When Trump was given Mar-A-Lago by the Federal Government, he agreed to restore it and to give up any rights to redevelopment. That took away the bulk of the value of the land.
Dutch Uncle
* Tertia Optio * Defend the Constitution
I look forward to the day he has to sell it.
QP!
Verified User
I just wish Trump would add you to his Dream Team of lawyers. You, Alina Hobba and the Kraken could go to the Appeals court for him.
You know you are not supposed to comment on law anymore lest you say stupid things like the above.
The Appeals court will see Trump said on Day 1 - $18mm-$27MM is TOO HIGH and here are the reasons why it is not worth that much.
Then they will see on Day 2 Trump say "it is worth hundreds of millions or billions' and him using the exact reasons to increase the value that he said in the prior filing could NEVER be factored in to the value.
That is fraud 101 but you being Alina Hobba and Kraken level stupid read that and would advise your client to make those filings as those are ok and not fraud.
QP!
Verified User
LIES.
Because there was not sole reliance does not mean there was not reliance and the Banker admitted had Trump been fully disclosing with the data the bankers are now seeing and Trump had and knew, HE WOULD NOT have got the loans.
QP!
Verified User
Only you are stupid enough to say it is a 'denial' to ask a person to cite a claim they are saying the Judge made a ruling (public doc) and yet they are not quoting it or showing it but continue to claim it exists.
No one is obligated to believe the lies you will not substantiate.
It is up to you to 'prove', and until you do, he is not denying anything.
What finding of fact would be appealed?
QP!
Verified User
In PmP's case it is made all the more absurd due to him claiming to be a lawyer, even if just a slumlord lawyer.
I want to say it is not possible, someone so incapable of getting any issue of law correct could be a lawyer, but then Alina Habba and the Kraken lady exist and he shows similar legal prowess.
Into the Night
Verified User
Never said they did.
Tax assessors do not use a range.
Link?
Inversion fallacy. This is YOUR fixation, not mine.