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  • This is very well worth watching.

    From JAB@21:1/5 to All on Wed Sep 27 19:20:50 2023
    @MichaelCohen212 provides a detailed understanding of the
    reverberating effects of the judge's order to stop Trump Organization
    etc in its tracks and the likely hundreds of millions of dollars in
    damages around the corner.


    Kaitlan Collins @kaitlancollins

    Is Donald Trump still in business in New York after the judge's
    ruling?

    Michael Cohen, whose testimony sparked the investigation: "No"

    9 min Vid
    https://twitter.com/rgoodlaw/status/1706865149775118805 ===================================================

    Trump's organization is history in NY....in essence.

    --- SoupGate-Win32 v1.05
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  • From JAB@21:1/5 to JAB on Thu Sep 28 06:36:18 2023
    On Wed, 27 Sep 2023 19:20:50 -0500, JAB <[email protected]d> wrote:

    @MichaelCohen212 provides a detailed understanding of the
    reverberating effects of the judge's order to stop Trump Organization
    etc in its tracks and the likely hundreds of millions of dollars in
    damages around the corner.

    9 min Vid
    https://twitter.com/rgoodlaw/status/1706865149775118805 >===================================================


    Trump Family Insists Mar-A-Lago Worth Over $1 Billion After Judge
    Calls Value Wildly Inflated. Here's What It Might Really Be Worth.

    ...
    ...
    Engoron's determination that Trump inflated the value of the estate
    cites an appraisal by the Palm Beach County Assessor, which found the
    market value of the 17.5-acre property between 2011 and 2021 between
    $18 million and $27.6 million.

    According to a 2023 market appraisal report by the city of Palm Beach,
    the total value of the property is $37 million, an increase of $6
    million from last year and nearly $10 million more than the appraised
    value Engoron cited in his ruling this week.

    Earlier this year, Forbes estimated the property is worth a more
    generous $325 million, after reviewing its financial history and
    consulting eight real estate experts.

    But Trump and other defendants in a civil fraud case brought by New
    York's Attorney General claim the property is worth more than $1.5
    billion, according to an affidavit from attorney Lawrence Moens, who
    called Mar-A-Lago an "exclusive and extensive family compound in the
    most desirable sections of Palm Beach," saying he is "confident" he
    could find a potential buyer "in short order."

    Trump's financial documents also pegged the value of the estate at
    between $427 million and $612 million, which Engoron called "an
    overvaluation of at least 2,300%" compared to the assessor's report.

    https://www.forbes.com/sites/brianbushard/2023/09/27/trump-family-insists-mar-a-lago-worth-over-1-billion-after-judge-calls-value-wildly-inflated-heres-what-we-know/?sh=60da35065541

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JAB@21:1/5 to JAB on Thu Sep 28 11:48:29 2023
    On Thu, 28 Sep 2023 06:36:18 -0500, JAB <[email protected]d> wrote:

    Trump's financial documents also pegged the value of the estate at
    between $427 million and $612 million, which Engoron called "an
    overvaluation of at least 2,300%" compared to the assessor's report.

    But Trump and other defendants in a civil fraud case brought by New
    York's Attorney General claim the property is worth more than $1.5
    billion, according to an affidavit from attorney Lawrence Moens,

    https://www.forbes.com/sites/brianbushard/2023/09/27/trump-family-insists-mar-a-lago-worth-over-1-billion-after-judge-calls-value-wildly-inflated-heres-what-we-know/?sh=60da35065541


    As the Trumps go around saying Mar-a-Lago is worth $1 billion,
    reminder that the Trump holding company that owns Mar-a-Lago filed
    2020 tax returns saying it had real estate assets of $28 million and a
    yearly net income *loss* of $3 million.

    A $1 billion business, it isn't.

    https://twitter.com/robertjdenault/status/1707091316746617264

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Retrograde@21:1/5 to JAB on Thu Sep 28 18:10:47 2023
    On 2023-09-28, JAB <[email protected]d> wrote:
    @MichaelCohen212 provides a detailed understanding of the
    reverberating effects of the judge's order to stop Trump Organization
    etc in its tracks and the likely hundreds of millions of dollars in
    damages around the corner. Is Donald Trump still in business in New
    York after the judge's ruling? Michael Cohen, whose testimony sparked
    the investigation: "No" Trump's organization is history in NY....in
    essence.

    I dunno. Rumor has it they've already opened up a business in Delaware
    and the courts are scrambling to prevent them from simply shifting all assets/ownership to the new one.

    The "company" is like a metastasizing cancer. Whackamole.

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From JAB@21:1/5 to [email protected] on Thu Sep 28 19:51:29 2023
    On Thu, 28 Sep 2023 18:10:47 -0000 (UTC), Retrograde <[email protected]d> wrote:

    Rumor has it they've already opened up a business in Delaware

    IIRC, some months ago, this was an issue the court addressed. From
    the legal minds I listen to, none of them have suggested this being
    considered currently.
    =======================================


    Trump could lose control of famed properties under New York fraud
    ruling

    A major loss Tuesday in former President Trump's New York civil fraud
    case raises the potential for him to lose control of some of his famed properties and ability to do business in the state.

    A New York judge ruled Tuesday that state Attorney General Letitia
    James (D) proved core elements of her far-reaching case, narrowing the
    scope of the trial that is set to begin as soon as Monday.

    The decision finds Trump, two of his adult children --= Eric Trump and
    Donald Trump Jr. -- and their businesses liable for fraud after
    James's office sued them last September. They have denied any
    wrongdoing and vowed to appeal.

    Here are five things to know about Trump's big loss:

    Judge finds Trump overvalued his real estate empire...

    Trump plans to appeal...

    Judge strips Trump's business licenses...

    Trump, sons lash out at Mar-a-Lago valuation...

    Trump lawyers sanctioned...


    https://thehill.com/regulation/court-battles/4226139-trump-could-lose-control-of-famed-properties-under-new-york-fraud-ruling/

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