This is John Galt level government targeting. A New York State judge has arbitrarily ruled, no trial – no jury, that President Trump overvalued his real estate holdings in New York, which means he paid too much in taxes, in order to secure financing and loans. [Ruling PDF HERE]
All the banks and lenders did their own due diligence on the financing. All operational loans and business loans were paid back. There were no defaults or banking interests adversely impacted. There are no victims of what the State calls “fraud,” yet the judge is ruling the Trump organization must dissolve all business interests in the state and exit within 10 days.
New York Attorney General Latisha James campaigned for office with promises to target the Trump Organization and Donald Trump himself. This is malicious lawfare in the extreme.
NEW YORK – […] As part of his ruling, the judge canceled the business certificates of all of the defendants, which include the Trump Organization itself and numerous LLCs connected to the company, as well as the business certificates of any entity “controlled or beneficially owned by” Trump, his adult sons, the Trump Organization’s former chief financial officer Allen Weisselberg and company executive Jeffrey McConney.
Engoron ordered that within 10 days of the ruling, Trump and the other defendants must provide names of potential independent receivers “to manage the dissolution of the canceled LLCs.” (read more)
President Trump responded via his Truth Social account.
[Source Link]
Retired Magistrate here: Unfortunately, when you get a Judge with no moral underpinnings at all, this is what happens: total decisions based on what the prosecutor wants the outcome to be.
This judge, along with numerous others should be removed from the bench. However, it is extremely difficult to remove a judge from the bench and it rarely happens.
I am thoroughly disgusted with what the “justice” system in this country has become.
Agree wholeheartedly. But the recently late Alcee Hastings was removed from the bench because of his conviction on corruption charges, and what did he then do? Went on to become an elected representative from Florida. Imprisonment after removal is a better and more suited punishment for corrupt judges.
“This judge, along with numerous others should be removed from the bench.”
No, they aren’t, if you don’t limit yourself to the inside of a court room.
Ultimately, We the People are allowing this to happen, because We are not telling these corrupt bureaucrats no.
Then it is time to bring back tar and feathering. That is what they did back in the day to discourage would-be corrupt appointees from taking advantage of their positions. If such measures worked for our founding fathers when they were still colonists they could work for us.
And the stocks…..bring them back too!!!
🙂
It’s really not so difficult to remove a judge, is it?
That judge needs a visit from Peppermint.
This judge will suffer eternal damnation unless he repents. He has scorched God’s David.
Lead poisoning would solve all of the problems we are experiencing.
I wonder if the slow kind isn’t the cause.
Remove the judge under Rule 308.
Rule .303
The acute variety, no doubt
@Craig- Exactly, is the only remaining solution to this rampant tyranny.
Oh, yeah! I’ve seen that film!
Consult with a NY business law expert, but so-called dissolution by proclamation of corporations is a fairly common occurrence often handled administratively, the state will do it all the time for failure to file. There are businesses that have operated for years whilst formally dissolved, curing it is usually pro forma.
My understanding is that the main consequence is the state no longer recognizes the legal entity, so even if it has an EIN, the business would not be able to enforce contract law in disputes or otherwise protect its interests in state court. This was a known tactic for years with those shady outfits that shipped unwanted toner to businesses and tried to gouge them for payment – if such scam artists were not registered to do business in the state, we could simply tell them to pound sand since the state would not compel payment to unregistered businesses.
I have no expertise in this, but Trump should have options besides having to wind everything down. He might have a problem conducting business within the state unless he has another pre-existing entity distinct from the existing Trump Organization that has operating authority in New York. I’m sure his lawyers have their contingency plans mapped out for this, this seems more like a judgment for PR purposes than something that will substantially burden the company.
Are there no appeals possible?
After reading the last page of the docket I’m sensing a bunch of bluster too. The meat of it is that the judge has ordered the lawyers to pay $7500 each into a “Lawyer’s Fund For Client Protection” fund, and has ordered that within ten days to recommend three potential independent receivers to manage this dissolution. No telling how long said dissolution might take. A week, a month, a year, ten years, fifty years??
.
Ah.
So it is a blood-letting.
And the parasites at the ready are the blood-sucking types.
“I have no expertise in this, but…”
Again, thank God for Sundance! Countless blessings for all you do!
The mainstream media, especially FAUX news refuses to print the truth on Trump.
They really want to shoe DeSantis down our throats.
No way!
It’s TRUMP 2024 for this family!
Having lived in Chicago for over 50 years until I escaped a year ago, I can tell you that blacks, particularly black women, are the most racist people in our country. Affirmative Action gave them a sense of entitlement that makes them arrogant about their own ignorance. Sharika James has no idea how stupid she looks because likely, in her dellsusional mind, she has engineered a brilliant legal manuever.
^^ 100%
Chicago has been a very racist city for many decades. It cut both ways, but the racial animosity seems far greater in some northern cities than the current south.
Have you ever lived in Chicago? If so how long?
I beg to disagree
I worked, shopped, dined, attended theatre, concert and sporting events for decades in Chicago
middle class whites and blacks got along fine
in fact, we always had our favorite black server in the
Walnut room restaurant at Marshall Fields on State Street.
She was there for decades and being seated in her section was tradition.
Everyone loved her!
Likewise, the mostly black employees in each department
we shopped in would call to notify us if there were sales
on items we commonly purchased. I never saw any trouble.
Everyone got along. We were white and they were black and
no one cared or thought anything about it.
there were always problems on the west and south sides
but it was mostly blacks committing crime against other blacks
I had many customers on the west side and I would visit them
before 10 AM because the criminals were “sleeping”/passed out”.
Years prior we would pay young black kids to watch our car
when we were at a Blackhawks game in the old stadium.
Approximately ten years ago we were at a Chicago Bears
night game near or on Halloween and were out on Michigan
Avenue with people celebrating in costume at midnight.
We were not worried at all.
Now, I won’t step foot in the place unless I have to.
There is lawlessness throughout the city. It is unsafe
even in the middle of the day. One of our acquaintances
was on a balcony of her fifth floor condo on Oak St. at 5 pm
enjoying a glass of wine when three black SUV’s
pulled up and parked on the street. Two girls were
walking by, the doors opened and they were grabbed.
That is what is happening in the city. Shoppers are
beat up in the middle of the day.
Gangs of youth are “wilding” and very little is done
about it. The mayor says they need jobs.
Poppycock! They make more money stealing.
They don’t want a job.
This has been happening over the last decade or two.
Definitely became worse after Obama was president.
One other thing; the city is filthy. I can tell you that
never happened under Mayor Daley LOL
The key word is middle class. Elites create the poor and then use them as enforcers of their fringe left ideology. Poor blacks support the oppression they rail against by accepting the terms of leftism. They are dupes, in soviet terms, who are dependent on the elites and will be the first discarded as they are in every communist failure.
Racial animosity is a tool of the new communists. The middle class must be destroyed because it represents civility and a rejection of marxist ideals.
That opinion is flawed. I do not see gangs of “poor” whites looting.
Breakdown of the black family, and years of entitlements.
there is nothing wrong with being poor
there is something wrong with being lazy, selfish and criminal
Lawfare is Power for the powerless. That’s the prog way.
Trump will beat this rap like a drum. You can’t just decree a penalty to a defendent without having had a trial. That is expressed explicitly in the Constitution of the Untied States. This judge and that AG should be punished for going outside the law to prevent themselves from having to prove anything in a courtroom. Trump will get my vote even if he is sent to Hell by these dictatorial legal beagles. Jones and Engoron have made it as high as Fauci, Holder, and Obama on my ship list. That level is beginning to get overcrowded and very smelly by now.
Pres Trump will probably turn this to his advantage, one of his best skills and talents if turning the hits of the Enemy to favor him in some way.
PT is much harder to “get” than these smug liberals thought and they are so frustrated and angry.
This is hard on Pres Trump and his family but it is a beautiful sight for those of us who love our Country and want it restored.
God Bless President Donald J Trump and his family
God Bless America
Is there even one, halfway honest judge remaining in New York?
In a sane world PDJT could get a stay on this outrage in about a New York minute. But that requires a sane world.
A New York minute these days would take the better part of a decade (or so).
Epstein’s house on Palm Beach was just a little to the north of Mar-a-Lago, it sold for 25.8 million as a tear down.
For those who haven’t or won’t ever get to see Mar-a-Lago it is beautiful and is meticulously maintained.
Watching go from the state it was in when PDJT acquired it to now is amazing.
If Mar-a-Lago is only worth $18M, then there is a whole lot of ocean front real estate in Florida that’s now only worth about $250k What a fcuking joke.
If Mar-a-Lago is only worth $18 million, this judge just de-valued all home property (homes are a global market) in the world by 90% and put us on the path to another Great Depression and World War 3.
And yet the gov of Florida will not speak out to protect Florida property values.
Yep, homes in my neighborhood are pushing the 1 mil. mark.
It is a weird concept for me, in the mid 80’s I would pay 15-20K for a lot (1/2 acre) and get a 65K construction loan, sell for 100 to 110K, rinse and repeat. Start to CO was under 2 months.
Did 8 just in this neighborhood, kept one. It’s way more than needed now but, it’s a where to move if this was sold.
There is 1 lot left is basically un-buildable due to the muck in the soil. It was just listed for 296K. We told the current owner not to buy it, he thought he knew better.
He was big sad when trying to clear it the wheel loader sunk to it’s axles and had to get a wrecker to pull it out.
Just did a remodel for someone, 2nd owner, 1959 the 1st owner paid 18K.
New owner paid 435K, we spent 145K on remodel, she rents it for $4500 a month.
If Mar – a -Lago is only worth $18M according to some dimwit judicial bod in NYC, then l would apply to the Property Appraiser of Palm Beach for a refund ! The PB Appraiser has a recorded value of $37M and taxes it accordingly !!
PS. The value of the property is almost certainly a lot higher but there are lots of technical exemptions that can apply – quite legitimately etc.
Give the judge a break. He probably thinks 18 million is the same as 1.8 billion.
Rush Limbaugh’s nearby estate was sold to the Este Lauder executive for $155 million, and has been torn down. Guess it was to modest.
Or the buyer was a corporate leftist who could not stand Rush or what Rush stood for, so he bull dozed the home.
No doubt. The point is, a vacant lot in that neighborhood is worth 10x judge’s figure.
Sounds like a ploy to get more living spaces. Probably for the upper class so they can get away from the lower-class masses that are flooding the state.
That judge must be harassed, tarred and feathered
Yesssss! Make Tar And Feathering Great Again!
It’s idiotic to claim MAL costs $18M. In Palm Beach a condo can cost $18M or more.
Letitia James needs a visit from Jenny Craig
Michael Myers.
Better yet a Mafia boss h**man
Jabberwocky.
So many judges have gone rogue at this point I’m wondering if extra/separate pre-processing facilities will be needed to hold them all.
Nope, just more lumber and rope.
Duly noted on what not to clean out of storage.
Can always tickle the ivories when the rope wears out….
Lots of room in the Aleutians.
So we now know how they intend to ensure we all “own nothing” their judges simply decree that our mortgage contract, business license, deeds of trust or any other legal document is null and void. The state takes control of everything and divides it up for all the newly imported “citizens.”
WE are the 1930’s Jews, Gypsys and those who were ‘othered’ as undesirables, the useless eaters of the time.
They confiscated their property, their businesses, homes, art,…literally everything.
And then loaded them onto cattle cars.
But early on, they confiscated their guns, IIRC.
Our big 1968 anti-gun legislation was modeled on Nazi gun laws.
Folks that drafted it actually obtained a copy of that law and had it translated.
Then they sought extra provisions from the fertile minds of Feebs to enhance the tyranny.
This is what happens when you have political activists, who know very little about law, masquerading as a judge and attorney general.
I disagree. This is what happens when you have lawless people who don’t give a damn about right and wrong; they make up laws to suit their own whims.
This is what happens when you have political activists who know
very littleevery detail about law, and are willing to exploit their position by deliberately ignoring and or circumventing the law. Evil that’s intentional.It’s just the next chapter in the political assasination guide titled “By any means necessary.” If this judgement stands, we can be assured that all is lost.
They are like vultures picking at a carcass.
Trump’s lawyer Chris Kise, who called the decision “outrageous,” said it “seeks to nationalize one of the most successful corporate empires in the United States and seize control of private property .
They’ll try to do that with Tesla next.
The Communist are going after Bezo’s now…. since he stopped fraudulent BLM donations on the site.
Desperation is the key word. What do desperate people do? Make mistakes .. BIG mistakes.
I am completely against RUNNING AWAY FROM New York state. Millions of Americans should RUN TOWARD New York state and overwhelm the wicked there. Run toward the guns of Satan and seize victory. Make the wicked of New York state FLEE FOR THEIR LIVES.
There are millions of good people across New York state crying out to the rest of us for their deliverance.
To hell with Ukraine, let’s rally and liberate New York state.
New York City is NOT New York state.
You have the spirit of a warrior.
Why sink money, time, effort into a rotting mess created by Democrats? New York is the utopia they have always wanted.
Ok. You go first. 👍
More buses filled to capacity. Maybe a few trains that can do that run?
Keep them there, do not let them leave the city. Small towns, work together to keep the illegals in the cesspool NYC. Another 300K might help things along….
This strikes me as more something for immediate impact and furrowed-brows to mutter about in the legacy media than a substantive ruling. Of course it will be appealed and the order enjoined pending appeal. But in the meantime, the left can cluck and dance and wave their hands in the air like they just don’t care. That’s what it’s all about. IMHO
They did this to Rudy Giuliani and Alex Jones. This is wrong.
I am Donald Trump.
I am John Galt.
I am Smartassicuss!!
Hey America, are you waking up yet? They are coming after all of us who disagree with them! And destroying our Constitution & our Country! President Trump is right, he is just in their way!
My observation of all of this leads me to believe that the entire thing is just to get people worked up on both sides of the fence. It is entirely a psychological operation to throw you off your center. Also, distract you from more important things… such as taking the time to enjoy natural beauty, to go fishing without a cell phone, watch the stars, read the Bible, etc.
Even as an ardent supporter of DJ T… I stopped looking at any of this news over a year ago and it has made me a healthier person. The entire news apparatus… Even the stuff we here read… Seems to be entirely dedicated to working over our emotions. I suggest that we all consume much less of it and take in the sunset more often, etc
Put a cap on how much time to dedicate to this please. The goal is somewhat obvious. Pay close attention, and question everything.
God bless
You could have saved all that typing and said “I stuck my head in the sand”
agreed
not everything is hannity’s latest “bombshell”
I’ve been enjoying indian summer immensely
Good plan. Until it’s your house and your business that are gone. You’ll own nothing. You’ll be happy. You’ll eat bugs.
When you want help, I’ll be in my canoe.
Strongly disagree. It is important to be aware of what your enemies are up to, and will not stop you from doing enjoyable things.
It’s important to know, yes, but you can’t focus so much on it that it makes you unhappy.
I agree in this regard. Focusing on the negative, which is all we ever hear about in the news, directs your thoughts to the negative and ultimately increases unhappiness. You see what’s wrong, not what’s right. Negativity is a poison.
There is one person to blame for all of this and his name is John Roberts.
America: a sad state of affairs. Is the dysfunction beyond our capability to fix it? Short of God’s intervention, I don’t see how. Frankly, He owes us nothing and history tells us He despises ingrates.
The New York State Judicial System is a now a laughingstock of America. Any company doing business there ought to think twice about its future. The rapacity of the Democrat crime gang and its minions is unchecked.
Maybe Abbott can send a couple bus loads near his house?
I think if I were Trump I’d buy property all around where this tyrant lives and open homeless shelters as public service.
Biden’s economy is so bad that Mar-A-Lago is only value at 18 million
https://threadreaderapp.com/thread/1706793234515521821.html
Does Trump get his tax overpayment back?
Neither real estate nor anything else has an objective value until it is sold on the open market in an arm’s length transaction. Until that happens, opinions of value are merely opinions. Basically, the upshot of this judge’s ruling is that if your name is Donald Trump, you have no rights in New York.
Of course, we knew when New York repealed its statute of limitations to allow that crazy woman to sue Donald Trump for an alleged sexual assault that has allegedly taken place 25 or 30 years ago. They literally changed the law on the statute of limitations to allow her to sue him. The reason for statutes of limitations is that if you’re talking about something that happened 20 years ago you’re making it all up. Our brains are not that good. And anything that we purport to remember from 25 or 30 years ago, is a an impression in a kaleidoscope that has been buttressed by “filling in” and other psychological tricks that our minds play on us.
But again, the state legislature of New York has basically said if your name is Donald Trump, we will move heaven and earth to destroy you. including ruling that our opinions mean that your opinions are fraud.
Thank you, SD. The more I pray for President Trump and his family, the more Satan and his minions attack. Let the games begin. This is heavy spiritual warfare, fellow Treepers. The Good News: The Battle is the Lord’s. Get ready for the win!🙏😇🏆
Defund all of New York and let it go bankrupt. Gitmo for this judge and all of her family and relatives. Neighbors too.
The case for the “independent judiciary” is over. Lawyers granted black robes to cloak their insanity and lawlessness is all the more unjust when you remember the only ones allowed to review or limit their crimes are other anointed lawyers in black robes.
Enough already.
We The People have Actual Constitutional power over these Bastards. When do we start OUR judicial review?
I read it all. I have some knowledge of commercial real estate valuation.
The judge painstakingly reviews improper legal arguments made by the Trump team and sanctioned several lawyers $7500 each. I can’t do the review necessary to evaluate that. I’m not a judge or lawyer.
I can note that the AG was credited with proving that Trump over valued real estate from 17 to 38 percent. This is not an exact science. I expected a larger figure from her.
The judge found some instances of a few multiples. Also, accused Trump of overstating the size of his residence by a factor of three because Forbes magazine had a different opinion. I don’t know what is up there.
The judge did not cite where the 18.5m valuation of Mar a largo was obtained. It sounds like an old tax assessment, I can’t really say. As I noted above, a nearby property from Rush’s estate, peace be upon him, was sold for nearly 10x that and razed.
Clearly, appraisals from Cushman and Wake were picture in time assessments and Trump was citing his expectation of a sale price. He particularly skewered Trump for an appraisal in 2021 by CBRE, which is Dianne Fienstien’s husband’s company. I couldn’t tell who hired that company.
They are still going to trial on several issues. So, the dissolution did not have to be done here. It didn’t save a trial.
Further, this situation screamed for an evaluation of Trump’s valuations vs achieved sale prices, but none was offered by the court. You would expect sales below his numbers. Likely, any sales exceeded estimates or we would have heard about it.
Worse yet, at trial they will enact “disgorgement” of his profits based on his fraud. This will be a license to empty his estate.
We know what this is. Somebody is getting ready to steal all his property.
I’m sorry for being so long winded on a couple of post tonight. And I have to be at my desk in 4 hours.
It is really the governments of NY that are fraudulent.
Known that since I was a kid. 70s NYC was held up as an example of excess government and spending, going to hell in a hurry.
The more they pile on PDT the more he appears politically persecuted. These operatives don’t understand how respectful sympathy drives attitudes, and drives votes. They’re in the diminishing returns cycle now.
Rich Baris “The People’s Pundit”
@Peoples_Pundit
Very clear to me
@BobMenendezNJ
is being sacrificed on the guilty til proven innocent alter so they can pretend to be consistent when they try to remove Trump from the ballot.
Btw, Democrats removed a Republican from state ballots once before: Abraham Lincoln.
Cont reading…
https://threadreaderapp.com/thread/1706844566723428718.html
Self Deleted…wrong thread
So in a couple of years, once the damage has been done, the appellate court will rule this is unconstitutional. Think about the logic, Trump paid for the loans, paid more NY State property taxes (based on value of property), who is the victim? What a disgrace this country has become.
Well, here we go again.
The impeachment hearings start this week. It must start tomorrow maybe. MSM will clog the airwaves with this ruling for days to drown out witness testimony at the hearings.
But Trump must have recourse to appeal this right? There is no question the judiciary in this country has become third-world.
Unbelievable. This whole scheme by James and the state judge is illegal. 10 Days! If the NY Supreme Court doesn’t intervene on this the state of NY is gone. They may as well wear their clown clothes in public instead of just behind the curtain.
Aside from the absurdity of all of this…..a ‘crime’ where there is no victim, essentially, perhaps the Trump Organization should now sue NY State for reimbursement of all the taxes that they paid, on the ‘overvalued’ real estate.