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BREAKING: Judge Rules Trump Committed Fraud, Trump Organization To Shut Down?


Will the “lawfare” against President Trump ever end?

Heck, will the lawfare against AMERICA ever end?

This is absurd.

In the latest installment, we have a New York Judge finding that Donald Trump committed fraud.

With all due respect to the “Judge”, I’m going to explain why that’s absurd in just a moment.

Take a look:

Mike Davis lays it out perfectly:

What a joke.

The Democrat New York Attorney General had a Democrat judge simply rule Trump committed fraud.

No trial.

No jury.

For the non-fraud of Trump paying back sophisticated Wall Street banks.

In full.

With interest.

Democrat law-fare.

Appellate courts must reverse.

Absolute insanity.

Every single point he makes above is spot on, but to me the biggest one is HE PAID BACK ALL THE BANKS!

Let me back up for a minute and explain what happened here so you can understand how patently absurd this is….

The theory of the prosecutor is that big, bad Donald Trump “defrauded” all these banks over the course of his entire career.

How?

By borrowing money and then not paying it back?

Nope.

Not even close.

He paid the loans back, with interest, exactly as he promised.

No bank was harmed.

But the theory goes that he “overstated” the value of his real estate and so the poor banks were “defrauded” thinking he had more assets than he really did.

Do you know how insane that is?

These big top-tier banks that have armies of accountants, lawyers and appraisers working for them, they had no way to possibly determine how much Trump’s collateral was worth so they just trusted whatever number Trump told them?

And they did no due diligence of their own?

Absolutely insane.

Before he ran for President, these banks for falling all over themselves to get Trump’s business.

They craved it!

Fought for it!

No bank was harmed, and yet now Trump is claimed to have committed fraud because he thought the real estate was worth a certain number?

Even that is absurd on it’s face.

Real estate valuation is, by definition, an ART and not a science.

Real estate is worth whatever a disinterested Buyer and Seller are willing to pay for it on the open market.

Countless factors can impact that and it can change yearly, monthly, weekly or even daily in fast moving markets!

Give 10 real estate appraisers the same property to “value” and don’t give them a Purchase and Sale Agreement to base their decision on, tell them they have to value the property on their own, and all ten of them will give you a different number!

THIS is the basis of their case?

And a Democrat Judge just runs with it?

Insane.

The real key is they needed this ruling to revoke his business licenses and try and shut down his business operations:

EVIL STUFF.

These people will stop at nothing.

Here’s what the AP reports:

A judge ruled Tuesday that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House.

Judge Arthur Engoron, ruling in a civil lawsuit brought by New York’s attorney general, found that the former president and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing financing.

Engoron ordered that some of Trump’s business licenses be rescinded as punishment, making it difficult or impossible for them to do business in New York, and said he would continue to have an independent monitor oversee the Trump Organization’s operations.

A Trump spokesperson did not immediately respond to a request for comment on the ruling. Trump has long insisted he did nothing wrong.

The decision, days before the start of a non-jury trial in Attorney General Letitia James’ lawsuit, is the strongest repudiation yet of Trump’s carefully coiffed image as a wealthy and shrewd real estate mogul turned political powerhouse.

Beyond mere bragging about his riches, Trump, his company and key executives repeatedly lied about them on his annual financial statements, reaping rewards such as favorable loan terms and lower insurance premiums, Engoron found.

Those tactics crossed a line and violated the law, the judge said, rejecting Trump’s contention that a disclaimer on the financial statements absolved him of any wrongdoing.

Another Bogus ruling indeed:

Here’s more, from CBS News:

Donald Trump and his company “repeatedly” violated state fraud law, a New York judge ruled Tuesday.

The ruling came in response to a request by New York Attorney General Letitia James seeking judgment on one of the claims in her $250 million civil lawsuit, which is scheduled to go to trial on Oct. 2. Judge Arthur Engoron agreed in his ruling with James’ office that it is beyond dispute that Trump and his company provided banks with financial statements that misrepresented his wealth by as much as $3.6 billion.

“The documents here clearly contain fraudulent valuations that defendants used in business,” Engoron wrote in his ruling, in which he ordered the defendants’ New York business certificates canceled. He ordered that within 10 days, they must recommend potential independent receivers to manage the dissolution of the canceled LLCs.

James’ office sued Trump, his sons Donald Jr. and Eric, and the Trump Organization in September 2022, claiming they committed extensive fraud over more than a decade while seeking loans from banks. In addition to $250 million, her office is seeking several sanctions that would severely hamper the company’s ability to do business in New York.

Both sides sought summary judgments from Engoron. James’ office asked for the ruling delivered Tuesday, saying it would streamline the trial if Engoron found certain facts were beyond dispute: that Trump and the company issued false business records and false financial statements.

The Trumps’ legal team asked Engoron to toss the case. They argued many of the loans in question occurred too long ago to be considered as part of this case.

Engoron also ruled on that motion Tuesday, rejecting it.

The upcoming trial will now focus on other allegations in the lawsuit related to falsification of business records, issuing false financial statements, insurance fraud and conspiracy.

The Trumps and their company have denied wrongdoing and accused James, a Democrat, of pursuing them for political reasons.



 

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