So much that is written is contestable.Shubin also pointed to a 1993 agreement between Trump and the city that said Mar-a-Lago would revert to private residential use if the club were “abandoned”.
“Anybody who buys it … would just step into the shoes of President Trump,” defence lawyer Christopher Kise said.
Some Palm Beach luxury real estate agents have told The Associated Press that the property would sell for $US300 million to $US600 million, and possibly $US1 billion or more if it sparked a bidding war among ultra-wealthy contenders.
So said Moens, a longtime Mar-a-Lago club member who has said he once sold another Palm Beach property on Trump’s behalf.
Acc/ording to SMH
So much that is written is contestable.
It depends entirely on which side you support.
Mick
the case was heard by a Judge who examined the facts of the all the properties held by the Trump organisation
If all that was true, why have the IRS not gone after him for tax evasion?In reality the case was heard by a Judge who examined the facts of the all the properties held by the Trump organisation and all the financial statements relevant to their operations over 10 years in relation to providing evidence of the companies financial capacity when looking for loans.
In the case of Mars a Lago the Judge found that because Donald Trump had agreed by signed deed to restrict the use of the property to a social club it was fraudulent of the company to then pretend it should be valued as a prime piece of subdivisable real estate when it suited their purpose. ( Remember Trump entered the deed of arrangement to reduce his local tax liability and enjoyed this value for 20 years)
Bas, the case was heard by an elected democrat, who had already exhibited bias against Trump before the case even started.The Judge also found the other SIX properties and the financial statements around their value and usage were dishonest and largely misrepresented the financial position of the company. The details of their deception are laid out in the judgement. An appellant court can decide if the Judge made a grievous error and that all the statements were as true as Trump claims. Quoting Trumps Real Estate buddies as authorities is not useful - particularly when they were used as expert witnesses in the trial and the Judge found their testimony unconvincing.
Mick your buying the story that the judge was biased against Trump. That he thought he was a bad guy.If all that was true, why have the IRS not gone after him for tax evasion?
Geez, the IRS has gone after anyone to the right of Ghengis Khan.
Bas, the case was heard by an elected democrat, who had already exhibited bias against Trump before the case even started.
When discussing the Letitia James case against Trump, he is on record as saying that trump is Just a bade guy and she shold go after him".
He is on record as donated to the Democrat campaign funds.
You can believe what you like, I have doubt about any of the crap that comes out of a Judicial system where the judges are elected based on their party affiliation.
The whole legal setup is about stopping trump being elected.
If that is not judicial corruption I don't know what is.
The only body that should decide whether trump gets elected are he citizens of USA.
Mick
When you go for a loan Bas, the bank asks you to put down the value of your assets and liabilities, they have people who look at that and decide the risk on what information you have given.Who knows what Trump is actually worth. $5B ? $6B Whatever figures he puts up in lights ?
One is reminded of the old stock market saying.
"When the tide goes out you see who is swimming naked"
Well I suppose that is one way of viewing the situation. It appears as if you are saying that really it doesn't matter what the Trump organisation did as far as their business enterprises. If Donald wanted to make up fancy figures about his net worth that was just his boasting. And really why should anyone get upset about a business that just routinely makes up quite fictitious figures about their multi billion dollar operation - particularly if they can get away with it ? Am I reading you right SP ?When you go for a loan Bas, the bank asks you to put down the value of your assets and liabilities, they have people who look at that and decide the risk on what information you have given.
They aren't muppets, if they think you have overstated your assets, they don't take on the risk.
Who is at fault, Trump for overvaluing his assets, or the banks for no carrying out due diligence?
The bigger question is, did he ever become delinquent on any of the loans? I'm sure I've read that Musk has been very creative in some of his financial dealings, especially in the early years, yet he is the pin up boy of entrepreneurship.
Guess it depends if the media like you or not, Elon slips in and out of favour, where Trump they just plain hate and the chorus joins in.
I personally don't give a rats behind one way or the other, but watching the fervour is entertaining, especially when his popularity heads in exactly the opposite way the media want it to go.
Just great entertainment.
It's like a "survivor USA" special, "will Trump survive the all the challenges that the establishment and the media throw at him", stay tuned.
Well it sounds like one was a foundation, but correct me if I'm wrong, isn't that a charity sort of thing, I think Twiggy supports heaps of them if one goes off the rails should Twiggy be held personally responsible?Well I suppose that is one way of viewing the situation. It appears as if you are saying that really it doesn't matter what the Trump organisation did as far as their business enterprises. If Donald wanted to make up fancy figures about his net worth that was just his boasting. And really why should anyone get upset about a business that just routinely makes up quite fictitious figures about their multi billion dollar operation - particularly if they can get away with it ? Am I reading you right SP ?
So on that topic what did you think of the other 4 actions taken against the Trump organisation and referenced in Judge Engerons summary ? I noted them on Post 1365
Well it sounds like one was a foundation, but correct me if I'm wrong, isn't that a charity sort of thing, I think Twiggy supports heaps of them if one goes off the rails should Twiggy be held personally responsible?
The rest sound like low level accounting scams, that no doubt any high flying company attempts, how many companies here have been done for underpayment.
Do you think for one minute that all the companies that all the politicians in the U.S are as clean as driven snow and only Trumps companies push the boundaries? I mean really.
Or do you think you might be a bit over the top fixated on the ant Trump rhetoric and you may have lost you objectivity?
When you go for a loan Bas, the bank asks you to put down the value of your assets and liabilities, they have people who look at that and decide the risk on what information you have given.
They aren't muppets, if they think you have overstated your assets, they don't take on the risk.
Who is at fault, Trump for overvaluing his assets, or the banks for no carrying out due diligence?
The bigger question is, did he ever become delinquent on any of the loans? I'm sure I've read that Musk has been very creative in some of his financial dealings, especially in the early years, yet he is the pin up boy of entrepreneurship.
Guess it depends if the media like you or not, Elon slips in and out of favour, where Trump they just plain hate and the chorus joins in.
I personally don't give a rats behind one way or the other, but watching the fervour is entertaining, especially when his popularity heads in exactly the opposite way the media want it to go.
Just great entertainment.
It's like a "survivor USA" special, "will Trump survive the all the challenges that the establishment and the media throw at him", stay tuned.
US greatness was built by big noters with exagerated notions of self and personal wealth. It seems to be a proven recipe of success.
All men are frauds. The only difference between them is that some admit it. I myself deny it.A lot of people also built their wealth on fraud. It appears from the Courts judgment that Donald Trump business success owed more to direct fraudulent behaviour than just a bit of big noting.
The "Trump University" fraud highlights one of the most direct examples of his capacity to rip people off.
Trump University: A Look at an Enduring Education Scandal
As the long-standing legal case on Trump University comes to a close, this brief looks at new evidence and insights on Trump and his hallmark educational initiative.www.americanprogress.org
Profound, as usual, Tisme. This is "The don't go to jail free card " ?All men are frauds. The only difference between them is that some admit it. I myself deny it.
H. L. Mencken
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