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really have to get an AG and a judge to determine values/deals/loans/sales etc and if fraud was committed
So much FAIL here.Jon Stewart benefited by 829% ‘overvalue’ of his NYC home even as he labels Trump’s civil case ‘not victimless’
Jon Stewart is facing online backlash after saying Donald Trump’s case overvaluing his properties was “not victimless,” and sleuths found his own records.nypost.com
LOL the usual lib hypocrisy. If Trump got taken to court then so should Jon Stewart, but since he's a lib we know thats not gonna happen. Rules for thee but not for me.
Stewart did no such thing. If you had read the OP you would know it was the tax assessor who assessed the property.You're just screeching, not rebutting. Fact is, Stewart undervalued his house for tax purposes, and property tax is how schools are funded. Now, you can tell me what I got wrong or you can screech some more.
Uh huh...and the tax assessor just happened to be off by over 800%? Please.Stewart did no such thing. If you had read the OP you would know it was the tax assessor who assessed the property.
Uh huh...and the tax assessor just happened to be off by over 800%? Please.
According to Judge Engoron, fraud is committed when a materially false financial statement is made. He defines “material” on page 77 of his decision:Provide the quote and link.
The courts are generally not as ignorant of how financial fraud is committed as the MAGA crowd.Of what value is this silly, endless repeated argument?
Do you imagine the courts are going to suddenly agree?
Banks made money off of it, Stewart deprived schools of funding.
Do you understand the difference between a home and a commercial property? You can sell your home for whatever you want, you can even start a bidding war to get the highest selling price. Sheesh.....Jon Stewart benefited by 829% ‘overvalue’ of his NYC home even as he labels Trump’s civil case ‘not victimless’
Jon Stewart is facing online backlash after saying Donald Trump’s case overvaluing his properties was “not victimless,” and sleuths found his own records.nypost.com
LOL the usual lib hypocrisy. If Trump got taken to court then so should Jon Stewart, but since he's a lib we know thats not gonna happen. Rules for thee but not for me.
......are youfor real? You really think people assess their own properties for property tax purposes? Obviously you don't own property.Uh huh...and the tax assessor just happened to be off by over 800%? Please.
In what way?Less funding for the school district he lived in.
See post 131. According to Judge Engoron, the baseline is tax appraised value and any representation of value above 10% of that and certainly above 50% of that is materially false and fraudulent. We’ve been saying all along how profoundly stupid that is, but you guys are just now catching up.......are youfor real? You really think people assess their own properties for property tax purposes? Obviously you don't own property.
It’s unlikely that anyone (other than Trump or other threat to demorat power) would be found to be liable under the ridiculous allegation that they ‘unlawfully’ overvalued their real estate.
See post 131. According to Judge Engoron, the baseline is tax appraised value and any representation of value above 10% of that and certainly above 50% of that is materially false and fraudulent. We’ve been saying all along how profoundly stupid that is, but you guys are just now catching up.
Most real estate people aren't in the habit of committing fraud because if they get caught doing so they get into trouble, like Trump did.Nothing "MAGA" about it. Trump has done that long before he went political and *gasp* so have tons of other real estate people. There is a reason why the NY governor had to made a public statement that no one else would be gone after, and it was only about Trump, because she didn't want business and investment to be scared away.
Straw grasping...Jon Stewart benefited by 829% ‘overvalue’ of his NYC home even as he labels Trump’s civil case ‘not victimless’
Jon Stewart is facing online backlash after saying Donald Trump’s case overvaluing his properties was “not victimless,” and sleuths found his own records.nypost.com
LOL the usual lib hypocrisy. If Trump got taken to court then so should Jon Stewart, but since he's a lib we know thats not gonna happen. Rules for thee but not for me.
According to Judge Engoron, fraud is committed when a materially false financial statement is made. He defines “material” on page 77 of his decision:
“…this Court confidently declares that any number that is at least 10% off could be deemed “material,” and any number that is at least 50% off would likely be deemed material.”
The baseline in this case being tax appraised value. And, indeed, also page 77 he seems to be declaring the very idea of market value as inherently fraudulent:
“Yet another great red herring in this case has been that different appraisers can legitimately and in good faith appraise the same property at different amounts. True enough, as appraising is an art as well as science. However, the science part cannot be fraudulent. When two appraisals rely on starkly different assumptions, that is not evidence of a difference of opinion, that is evidence of deceit.”
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That’s because, until Judge Engoron’s decision, nobody in real estate considered a representation of value above tax appraised value as fraud.Most real estate people aren't in the habit of committing fraud, because if they get caught doing so, they get into trouble, like Trump did.
Of course...the buyer just happened to over pay by over 800%? Totally believable.No, the buyer just overpaid. Try and keep up.
Of course...the buyer just happened to over pay by over 800%? Totally believable.
Are you for real? You think a tax assessor was off by over 800% on accident? I own two homes. Would be nice if the tax assessor undervalued them by over 800% for tax purposes.......are youfor real? You really think people assess their own properties for property tax purposes? Obviously you don't own property.
No, look up the S&L crisis, which was a house of cards built up on inflated real estate values and easy money. In that circumstance, no one got hurt (during the building of the house of cards) until everyone got hurt (when the house of cards collapsed). The financial crisis of 2008 also had a component of this (inflated real estate values and easy money), but was less directly applicable.That’s because, until Judge Engoron’s decision, nobody in real estate considered a representation of value about tax appraised value as fraud.
Of course they did. Lying about the square footage of your property has always been fraud. You don't get to "fudge the numbers" on official documents just because you think your property is worth more than the market value.That’s because, until Judge Engoron’s decision, nobody in real estate considered a representation of value about tax appraised value as fraud.
The judge is completely off the rails. Market value and tax appraised value have always relied on starkly different assumptions. The tax appraiser doesn’t care that Marilyn Monroe once took a dump in the joint. But the Real Estate agent knows that there are people who will pay a premium for that association and value the property accordingly. According to the judge, that is fraud.The judge is correct in his statement.
As I understand it, Trump assessed (or hired someone to assess) his own property values both to the government and to the banks.
The numbers presented to each were wildly different and those discrepancies benefitted Trump.
On the 'science' part, I'd imagine the judge is thinking of the square footage, which Trump blatantly lied about.
Again, Stewart's situation is completely different and there is no evidence he committed any fraud.