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For people not named Trump (a key giveaway that this is all political), the city of New York assesses a value to each property for tax purposes. Nearly every property owner in NYC believes his or her assessed value is too high and pushes back, to the point where these disputes are not even handled by a court but through a tax commission grievance process. Owners want a lower value to pay less tax, except when they approach a bank for the equivalent of a refi loan, when they want their property to seem more expensive to secure a bigger loan at a better rate. It is the bank that then decides what a property is worth to them as collateral, via their own due diligence.
It’s always complicated, as much art as science. Beyond the usual valuation factors of location, location, location, some buildings in New York are iconic, or famous for their brand name (cough, cough, “Trump”), what history they represent, etc. Some just have nice views. Sometimes the bank is generous because in return for the loan they’ll secure some other business of value to them.
Over-valuing/under-valuing real estate in New York City is sport, but as a crime is so much not ado about nothing it is not going to send anyone to jail. Imagine the yawns as a jury listens to forensic accountants explain Trump’s tiered exemptions and how their value is subtracted from the DOF assessed value to calculate a taxable value which is then multiplied by the current tax rate for the specific assigned property class. Next session they’ll talk about somewhat sketchy easements Trump obtained going back to when Mayor Koch was in charge in the 1980s.
The jury will quickly discover the regulations governing how one values a New York property are dense. Built into the law is an automatic fudge allowing the same property to have both a high market value and a lower asset value. Problems are sorted out as civil matters and usually settled with the city sending out a bill, especially if the bank is not claiming fraud, only the DA, as in Trump’s case.
And in the end, what? The lawsuit seeks to permanently bar the Trump family members named from serving in officer or director positions in any corporation in New York State. The attorney general also seeks to bar the former president and the Trump Organization from entering into any New York real estate acquisitions for five years, and to take back all financial benefits obtained through the allegedly fraudulent practices, estimated to total $250 million.
None of those things, even if the suit if fully successful, is likely to have an effect on Candidate Trump, and none would prevent him from running for president. Trump merely needs to re-incorporate in another state, maybe business-friendly Florida, to restart operations.
The Democrats’ plan to find Trump guilty of something, anything, seems to be coming to its own sad ending. They have tried to turn belief that Trump is evil into a crime — Emoluments Clause, Russiagate, impeachments I and II, Stormy Daniels, obstruction of justice, and incitement.
On the sidelines were extra-judicial attempts connected to the 25th Amendment, having doctors who never examined the man declaring Trump mentally ill, and even accusations of incest. The Southern District of New York previously failed to indict Trump’s children and failed to prosecute Paul Manafort. E. Jean Carroll’s rape-cum-defamation case is so egregiously lousy that even the Biden DOJ took Trump’s side. The convictions of Trump associates lawyer Michael Cohen and accountant Allen Weisselberg did not touch the principal himself.
The SDNY brought no charges. Early this year, the Manhattan district attorney, Alvin Bragg, instructed prosecutors to halt their effort to seek an indictment of Trump. It looks like Letitia James is the only one left. She can turn off the lights on her way out.
https://www.theblaze.com/news/fbi-raid-pro-life-activist-video
I know some of you on this site are fine with baby murder. But can we at least agree that if you are throwing people in jail for having an opinion that baby murder is wrong, maybe we are the baddies?
Never thought it would be "the right" that woke up first and started realizing just how corrupt the government is, but they are recognizing it, when most of "the left" is still oblivious.
Is all that true?
Um, people who look like you did fuck Christopher Columbus. The first Hispanics, you know.
Remember those lawyers in NYC that decided to toss a couple of Molotov cocktails at a police van???
Misc says
Remember those lawyers in NYC that decided to toss a couple of Molotov cocktails at a police van???
Militant Anti-Zionist and Anti-Cop lawyers literally employed by Soros Funded Orgs.
Zionists are a terrorist group that founded a nation, through terrorism. Do you seriously think that Soros is anti-Zionist?
Soros further described his views on Israel in an essay he wrote for the New York Review of Books in April, 2007 titled “On Israel, America, and AIPAC.”
He expressed frustration with the Bush administration and the Israeli government for not recognizing the “democratically elected Hamas government” and was also frustrated about Israel’s “insistence on treating Hamas only as a terrorist organization” while refusing to recognize Hamas’ “moderate political wing.”
Prospective Juror Booted from Jury Pool after Declaring Trump Is ‘Guilty Whatever the Case Is’
David Hawkins
October 25, 2022
Biden’s Chief of Staff Found Guilty of Violating Hatch Act by Special Counsel, Gets Slap on Wrist
'Now you care about immigration!' Woke MSNBC guest slammed for vow to 'investigate' Elon Musk's US citizenship after ranting he 'does NOT love the USA' and is trying to 'manipulate' the left and right into 'violence'
The Secret Service has found hundreds of documents it previously denied having in relation to the probe into Hunter Biden’s alleged gun violations, conservative watchdog Judicial Watch revealed Thursday.
Judicial Watch has been investigating if the Secret Service protected Hunter from scrutiny after the president’s son revealed in a 2019 text message the FBI got involved in the case of a missing firearm tossed in a Delaware dumpster by Hunter’s former sister-in-law-turned-lover. Nobody was charged with wrongdoing, according to reports.
Text messages purportedly from Hunter reveal what appears to be a contradiction in an official Secret Service statement, which claims the agency had “no involvement” in an alleged case involving Hallie Biden finding a gun “inside of Hunter Biden’s pickup” and tossing “it in a trash can behind a grocery store where they frequently shopped.” Yet Hunter’s text messages say “the police the FBI the Secret Service came on the scene.”
The gun store owner who sold the weapon to Hunter reportedly refused to supply the paperwork to the Secret Service when they allegedly sought to retrieve it at the time of the incident, suspecting the agency’s officers would keep the documents away from scrutiny.
Hunter has also allegedly made false statements on a gun purchase background check ATF form 4473. Conveying false inflation to ATF on form 4473 carries a fine of up to $250,000 and up to ten years in prison. ...
Hunter is under investigation by Joe Biden’s Justice Department for tax and gun related violations.
This is the kind of thing that led to the French Revolution.
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