New York AG Sues Trump Family for Financial Fraud

Yes and there are multiple valuations that can be used depending on the situation. Did you read the link about the different types of valuations? She’s using one type of valuation to say another type is fraud.

Again, it isn’t worth 1.8 billion like the dummy Eric Trump tried to say, but 18 million? Naw. Too low. Way too low.

 

Agree 100%, bro.

But don’t underestimate the American public’s ability for stupidity.

 

On what basis do you say 18-27 million is too low? We are talking about the land. Just the land. Not the business that is sitting on the land.

 

You are still mixing two things. Land (or land and buildings) don’t have an income. The business has an income.
The value of the land is based on its location and its zoning. That’s easy to determine based on surrounding similar properties. $X per acre. And the residual value of the buildings on the land. Depreciated for age.
The business that operates on the land could be profitable or not. It could have an income stream or not. But those things don’t affect the value of the land (plus buildings).

 

Not since 2000, then again in 2016....

 

Trump did something I never believed possible. Make GWB look like a decent president.

 

Considering the vacant lot up the street that is much much smaller is on the market currently for 200 million and doesn’t have two sides of ocean front property…. The land alone could be worth the 3-400 mill.

Unfortunately, you cannot take away the business and residence(it has already been established that the owner of MAL can be considered an employee and can live there, so there is a residence there too). It’s part of the property and part of any of the 4 main valuations in real estate.

 

Not really.... Just cemented GWB as not being the worst POTUS of this century... He must be relieved at that...

 

Small vacant lot up the street on realtor.com is going for 200 million. MAL land is 20 acres. The vacant lot is 2.3 acres.

There are 4 different types of valuations when it comes to real estate.

 

Do you have a link?

 

https://www.realtor.com/realestatea...N-Ocean-Blvd_Palm-Beach_FL_33480_M93328-30648

 

In this case, MAL, it does. Again, there are 4 different types of valuations.

 

Stop it, you have no idea what Trump did to get indicted.
Educate yourself.

https://www.cnbc.com/2022/09/21/trump-properties-named-in-new-york-fraud-lawsuit-.html

 

No I understand. I think this particular portion of the summary judgement is flawed, and makes an easy appeal point to call into question the judges judgement.

 

And here is another one, in the same vicinity, land plot more than 6 times larger than mar a Lago, going for 77 million. Hmmmm - maybe a valuation of 18-27 million seems about right.

https://www.realtor.com/realestatea...each_FL_33480_M66699-29383?from=srp-list-card

 

For everyone claiming that Trump's valuations of various assets and properties need to familiarize yourself with GAAP

 

Looking at the map, it appears that is not 131 acres, unless they are somehow including literal ocean(I think they forgot a decimal between the first one and the 3). It happens to have a video:



I am attaching a couple screen grabs of the two lots. MAL is 60 ish acres. That other one is supposedly 131. I’ll let you determine if there was an error in that posting.

I’ve found others that were that much and were 6 acres. I also found this “small” place as well.

https://www.realtor.com/realestatea...each_FL_33480_M93643-15320?from=srp-list-card


To be fair to all sides, it is hard to comp a place like MAL. Historic landmark, country club, golf course, residence, lots of land. Quite a property.

 

It’s all kind of irrelevant. The assessment was between 18 and 28 million for the years in question. Trump declared it to be worth between 427 and 612 million. That isn’t a rounding error. That isn’t a difference of opinion. That’s fraud, plain and simple.

 

The size of his apartment was a matter of opinion? I think it is quite telling that the court specifically addressed Bluesguy’s ludicrous arguments and determined that they didn’t raise an issue for trial. It should probably be posted here.

 

MAL cannot be sold as a residential building.

 

Correct info just falls on deaf ears.

 

That’s a difference between tax value and investment value. Again, there are at least 4 types of values for real estate.

 

Which of those numbers is the investment value? The profit of MAL is tiny and has been dropping yearly

 

There is no way there can be such a large discrepancy for simple land and buildings.

All trump needed to avoid summary judgment against him was an expert witness who would support the valuations he declared. Even getting close would be sufficient to avoid the summary judgment. But he didn’t produce such a witness.

Don’t blame the judge. Blame trump and his lawyers for not producing evidence.

 

This is obviously a bench trial,
I missed the part where Trump requested one.