---President Elect Musk and Convicted Felon Donald J Trump---

mickeyrat

https://twitter.com/CREWcrew/status/1757799364766978089?s=19

Halifax2TheMax

2023

CNN is live streaming the Georgia court hearing to remove Fani Willis from the POOTEH Georgia election interference case. You should tune in. Entertaining stuff.

pjhawks

This Stormy Daniels case for election interference going to trial in late March has teeth.   With Cohen already sentenced for it would think it's a slam dunk but who knows how a jury will react.  This is one to watch I think.

Gern Blansten

2023

Halifax2TheMax said:

CNN is live streaming the Georgia court hearing to remove Fani Willis from the POOTEH Georgia election interference case. You should tune in. Entertaining stuff.

It's crazy....Willis needs to walk away and let someone else take over. I don't really think there is anything nefarious there but the optics are bad. Well done by the tRumpsters to discredit her in order to put up a smokescreen and delay everything.

mickeyrat

https://twitter.com/TristanSnell/status/1758182563430953301?s=19

mickeyrat

https://twitter.com/CheriJacobus/status/1758325508725416384?s=19

Halifax2TheMax

2023

mickeyrat said:

https://twitter.com/CheriJacobus/status/1758325508725416384?s=19

Anyone who was paying attention back in the day knew of this shit. POOTWH is compromised in serious ways and is a traitor. Leavenworth or Super Max Florence would be way too good for him. He’s fucked with the wrong people.

Gern Blansten

2023

$355 Mil....lol

Fucking douchebag

Halifax2TheMax

2023

Gern Blansten said:

$355 Mil....lol

Fucking douchebag

Sooooooo much winning! Are you tired of winning, yet?

Judge orders Trump to pay nearly $355 million in civil fraud trial

• Today's major ruling: A judge has ordered former President Donald Trump and his companies to pay nearly $355 million in a ruling in the New York civil fraud case. He is also barred from serving as an officer or director of any New York corporation or other legal entity in the state for three years, and he cannot apply for loans from any financial institution registered in the state for three years. Read the full ruling.
• Trump's sons are also impacted: Meanwhile, Trump's adult sons, Donald Jr. and Eric, have been ordered to pay $4 million for their personal profits from the fraud and are barred from serving as an officer or director of any New York corporation for two years. Two former Trump Organization executives are permanently banned from running finances for New York businesses.
• What happens next: Trump's attorney said he plans to appeal the decision. The trial in this case has served as a precursor to the four criminal trials Trump faces this year as he campaigns to regain the presidency.

But remember, they're coming for YOU!

Halifax2TheMax

2023

Totally normal. "Only the best people, folks, only the best." Have you heard about the laptop? From hell?

Judge says that Michael Cohen "told the truth"

Judge Arthur Engoron recapped Michael Cohen's theatrical trial testimony, acknowledging Cohen's credibility issues but saying he ultimately believed him.

"Michael Cohen told the truth," the judge wrote of Donald Trump's former lawyer. "Although the animosity between the witness and the defendant is palpable, providing Cohen with an incentive to lie, the Court found his testimony credible, based on the relaxed manner in which he testified, the general plausibility of his statements, and, most importantly, the way his testimony was corroborated by other trial evidence."

Engoron pushed back on Trump's narrative that Cohen was a star witness for the attorney general's office.

"Michael Cohen was an important witness on behalf of the plaintiff, although hardly the linchpin that defendants have attempted to portray him to be," Engoron said.

The judge said the testimony from Trump's former fixer was compromised by his previous perjury plea in another case and some "seeming contradictions" in what he said at this trial, but Engoron believed Cohen when he testified that "Trump did not expressly direct him to reverse engineer financial statements, he ordered him to do so indirectly, in his 'mob voice.'"

Trump found liable for multiple fraud counts in New York civil case

Judge Arthur Engoron found Donald Trump liable for issuing false financial statements, falsifying business records, and conspiracy, all part of a lawsuit filed by New York Attorney General Letitia James.

James accused Trump and his co-defendants of fraudulently inflating the value of his assets to obtain more favorable loan and insurance rates.

Remember: Before the three-month-long trial started, Engoron had already found Trump and his co-defendants liable for persistent and repeated fraud.

Trump has been ordered to pay $438 million this year in fraud and defamation cases

udge Arthur Engoron hit Donald Trump with his biggest punishment to date Friday, in a ruling that fined the former president nearly $355 million for fraudulently inflating the values of his properties.

The dollar amount dwarfed the verdict against Trump issued last month in the defamation case brought by E. Jean Carroll — an $83 million judgment — hitting home just how much the New York attorney general’s civil fraud case threatens Trump’s business empire.

Engoron found Trump liable for fraud, conspiracy, issuing false financial statements, and falsifying business records, barring him from serving as director of a company in New York for three years.

While the judge pulled back from trying to dissolve the Trump Organization altogether, Engoron issued a blistering 93-page opinion that painted the former president as unremorseful and highly likely to commit fraud again.

"This Court finds that defendants are likely to continue their fraudulent ways unless the Court grants significant injunctive relief,” Engoron wrote. 

2 former Trump Org executives permanently banned from running finances for New York businesses 

Judge Arthur Engoron found former Trump Organization chief financial officer Allen Weisselberg and former controller Jeffrey McConney liable for multiple civil fraud counts in New York, including issuing false financial statements, falsifying business records, insurance fraud and conspiracy. 

He permanently banned Weisselberg and McConney from serving in the financial control function of any New York corporation or business, and banned them from serving as an officer or director of any New York corporation for three years. 

Weisselberg was also fined $1 million in the ruling. 

Trump’s adult sons are barred from serving as an officer or director of any New York corporation for 2 years

Donald Trump’s adult sons, Eric and Donald Trump Jr., are barred from serving as an officer or director of any New York corporation for two years.

Meanwhile, the former president is barred from serving as an officer or director of any New York corporation or other legal entity in the state for three years.

(4) Live updates: Decision reached in Trump civil fraud trial (cnn.com)

Halifax2TheMax

2023

Wasn't too long ago that we had posters claiming that none of this mattered, that it wasn't serious enough of a crime and that they were concerned about the "political" optics of it. How about the legal optics of it? Who on here has told their realtor, bank or insurance company that their house is worth 400% more than houses of comparable size, features, etc., in their neighborhood? Anyone? Or knowingly falsified tax returns and/or loan applications with such bullshit? Anyone? Anyone sign anything that has a clear financial impact to your personal finances under the threat of committing perjury without reading them, like bank loan applications, insurance enrollment applications, etc.? Anyone?

Keep sending those checks. Suckers.

Judge knocks Trump for valuation of Mar-a-Lago

Judge Arthur Engoron cited Donald Trump’s valuation of Mar-a-Lago on his financial statements as one of the properties where the former president committed fraud — while also chiding the former president for claiming his Florida resort was worth more than $1 billion. 

Engoron wrote that Trump’s 2002 deed gave away the right to use Mar-a-Lago as a single-family residence, meaning that Trump paid significantly lower property taxes and that it could not be valued as highly as he claimed.

"Nonetheless, Donald Trump insisted that he believed Mar-a-Lago is worth 'between a billion and a billion five' today, which would require not only valuing it as a private residence, which the deed prohibits, but as more than the most expensive private residence listed in the country by approximately 400%,” Engoron wrote. 

In a footnote, Engoron noted of Trump and the deed: "A fact of which he is well aware, having signed the deed himself."

“There is no legal gray area surrounding the permanent nature of the deed restrictions,” Engoron later wrote in his ruling. "Accordingly, there can be no mistake that Donald Trump’s valuation of Mar-a-Lago from 2011-2021 was fraudulent.”

mickeyrat

https://twitter.com/AnthonyMKreis/status/1758582697461481754?s=19

Halifax2TheMax

2023

Summary and Introduction provided by the judge in his ruling. Poor The Dumb One, he just gets to be known by his full name.

SUMMARY

Donald Trump and entities he controls own many valuable properties, including office buildings, hotels, and golf courses. Acquiring and developing such properties required huge amounts of cash. Accordingly, the entities borrowed from banks and other lenders. The lenders required personal guarantees from Donald Trump, which were based on statements of financial condition compiled by accountants that Donald Trump engaged. The accountants created these “compilations” based on data submitted by the Trump entities. In order to borrow more and at lower rates, defendants submitted blatantly false financial data to the accountants, resulting in fraudulent financial statements. When confronted at trial with the statements, defendants’ fact and expert witnesses simply denied reality, and defendants failed to accept responsibility or to impose internal controls to prevent future recurrences. As detailed herein, this Court now finds defendants liable, continues the appointment of an Independent Monitor, orders the installation of an Independent Director of Compliance, and limits defendants’ right to conduct business in New York for a few years. INDEX NO. 452564/2022 NYSCEF DOC. NO. 1688 RECEIVED NYSCEF: 02/16/2024 1 of 9

INTRODUCTION

In this civil action, plaintiff, the People of the State of New York, by Letitia James, Attorney General of the State of New York, seeks monetary penalties and injunctive relief against Donald John Trump (“Donald Trump”) (the former president of the United States); Donald Trump, Jr. (“Donald Trump, Jr.” or “Trump, Jr.”) and Eric Trump (two of his sons); Allen Weisselberg and Jeffrey McConney (two former employees of defendant The Trump Organization, Inc.); and various real estate holding entities. Plaintiff essentially alleges (1) that the individual defendants violated New York Executive Law § 63(12) by submitting false financial statements to banks and insurance companies to obtain better rates on loans and insurance coverage; and (2) that the holding entities are liable for the individual defendants’ misdeeds. Defendants (1) allege that the statements were completely or substantially correct; and (2) crow that the borrowers paid back all loans fully and on time.

Halifax2TheMax

2023

And the Devil chimed in.


In the subsequent six decades, the State has toughened the statute. In Laws of 1965, Chapter 666, the definitions of the words “fraud” and “fraudulent” were expanded to include “any device, scheme or artifice to defraud and any deception, misrepresentation, concealment, false pretence [sic], false promise or unconscionable contractual provisions.” 

Halifax2TheMax

2023

They should serve prison time. Walking, talking FRAUD Family.

In February 2014, Dillon’s firm once again engaged Cushman & Wakefield to appraise Briarcliff. PX 158. In April 2014, Cushman & Wakefield submitted a written appraisal to Dillon, valuing the hypothetical 71-unit development at Briarcliff at $43.3 million. PX 3194; TT 2687.

Dillon confirmed that it would have been her practice to share the values with her client along the way. TT 2687. Notwithstanding, beginning in November 2015, Eric Trump instructed McConney to leave the value of the 71 units at just over $101 million. PX 742, 758, 843. TT 3378-3379. He continued to do this for the 2016, 2017, and 2018 SFCs.

By at least June 2014, Dillon became aware that the Trump Organization’s rights to build units at Briarcliff had been reduced from 71 units to 31 units. PX 3261; TT 2701-2702. Notwithstanding, the supporting data for every SFC from 2015-2021 values Briarcliff as if it had the right to build 71 units, and, indeed, explicitly states: “Sale of 71 Mid-Rise units approved.” PX 731, 742, 758, 774, 843, 857, 1501. 

f203be39-020c-4f82-a423-96aa20c08e3a.pdf (washingtonpost.com)

Halifax2TheMax

2023

Totally normal business behavior folks. In fact, so normal I encourage you to do it.

Claudia Markarian

Claudia Markarian, previously Claudia Mouradian, was an underwriter at Zurich Insurance from 2010-2020. PX 3324 at 7-10. During the period from late 2017 through 2020, she worked on the Trump Organization account as an underwriter for the commercial surety program. PX 3324 at 8, 18. Markarian worked with the insurance brokerage firm AON during her time working on the Trump Organization account. PX 3324 at 18.

Markarian recalled that when reviewing the Trump financials for her underwriting responsibilities, she was prohibited from retaining a copy of any financials, and she was only permitted to view them at Trump Tower with Allen Weisselberg or Jeffrey McConney, or both, in the room at all times. Markarian testified that this was a “rare requirement by a customer.” PX 3324 at 17-18, 24-25, 58-59.

During these on-site reviews at the Trump Organization, which occurred in late 2018 and early 2020, Markarian was shown the 2018 and 2019 SFCs, respectively, which listed as assets real estate holdings with valuations that Allen Weisselberg represented to Markarian had been determined each year by an outside professional appraisal firm. PX 1561, 1552, 3324 at 25-32. Markarian considered Weisselberg’s representation, which she recorded in her contemporaneous notes, to be favorable and an indication that the valuations were reliable. PX 1561, 1552, 3324 at 51-75. Notwithstanding Weisselberg’s explicit representation to Markarian, the Trump Organization never retained a professional appraisal firm to prepare any of the property valuations for the 2018 and 2019 SFCs. TT 952-955.

Halifax2TheMax

2023

This is how its done. +227M, we should all be so fortunate.

During the period of 2012-2016, the Trump Organization hired Cushman & Wakefield to appraise 40 Wall Street, as required under the terms of another lending agreement. Doug Larson, of Cushman & Wakefield, was the primary contact on this project, and McConney was the Trump Organization’s conduit for all 40 Wall Street appraisals. TT 668-669. As part of these  appraisals, Larson included cap rate calculations that he viewed as appropriate for the specifics of the property. On the valuations for the SFCs for the corresponding subject years, McConney selected cap rates that were lower than those that Doug Larson selected. 13 The supporting spreadsheets for the same time period credit Doug Larson as the source for the chosen cap rates, notwithstanding that the rates were much lower than those that appeared in Larson’s appraisals. When questioned about the difference, McConney admitted that when choosing the lower cap rate, he relied on a generic marketing report that Cushman & Wakefield emailed a large customer base that was derived from data not specific, or even closely related, to 40 Wall Street. TT 660-681, 4995, 5101-5102. McConney further admitted that he made no attempt to adjust the numbers to reflect more accurately the value of 40 Wall Street when he was selecting cap rates. TT 681-682.

Footnote #13 to the above paragraph:

13 Cap rates have an extraordinary effect on the value of a property, and the higher the cap rate, the lower the value. In a single year, McConney selected a cap rate of 3.04% that resulted in a $227 million dollar increase in the value of a property as compared to the appraisal’s cap rate of 4.25%. TT 660-664, 678- 679.

Lerxst1992

he wins the election, then what? Engoron and Cohen winds up like Navalny and trump seizes control of Fort Knox and the fed bank in NY?

Halifax2TheMax

2023

Its always the bookkeeper. Next up, Alan Weaselberg:

Allen Weisselberg

Allen Weisselberg was the CFO of the Trump Organization from 2002 until he was placed on leave in October 2022, after pleading guilty to 15 criminal counts of tax fraud and falsification of business records at the Trump Organization. TT 790; PX 1751, 3041. In that same vein, his testimony in this trial was intentionally evasive, with large gaps of “I don’t remember.” He conceded that his Separation Agreement, on which he is still apparently awaiting four payments, prohibits him from voluntarily cooperating with any entity “adverse” to the Trump Organization or its former or current employees. PX 1751. That alone renders his testimony highly unreliable. The Trump Organization keeps Weisselberg on a short leash, and it shows. 

OnWis97

The field

Lerxst1992 said:

he wins the election, then what? Engoron and Cohen winds up like Navalny and trump seizes control of Fort Knox and the fed bank in NY?

That is the likely future.