Next Level in the Lawfare Against Trump By Charles Taylor (Florida)
A New York judge has delivered the verdict, from a New York jury, in the Trump fraud case, fining Trump more than $350 million and barring him from serving as an officer or director of any New York corporation for three years. This was done as a political act to bankrupt Trump by manic Democrats. The case was based upon allegations by the state that Trump had over-valued his assets to get bank loans. But while a civil case, here was no plaintiff other than the state, for all banks had been paid back with no complaint. And, it was a matter of opinion if Trump's assets were over-valued. And even if they were, banks do independent assessments and by granting the loans, they were thus in agreement with Trump.
Trump stated in a post to Truth Social:
"The Justice System in New York State, and America as a whole, is under assault by partisan, deluded, biased Judges and Prosecutors. Racist, Corrupt A.G. Tish James has been obsessed with "Getting Trump" for years, and used Crooked New York State Judge Engoron to get an illegal, unAmerican judgment against me, my family, and my tremendous business. I helped New York City during its worst of times, and now, while it is overrun with Violent Biden Migrant Crime, the Radicals are doing all they can to kick me out…."
And according to the former president, Engoron conspired with New York Attorney General Letitia James.
"This Election Interference and tyrannical Abuse of Power by a Crooked Judge and Crooked Attorney General cannot be tolerated. My case was already won in the Appellate Division, and more than 80% of the frivolous claims were wiped out. Yet, as I suspected, and in order to hurt me and the Republican Party politically, Crooked and Corrupt Judge Arthur Engoron ignored his loss at the Appellate Division, and came up with an outrageous $355 Million Dollar fine against me. Using a statute that has never been applied like this before, the Corrupt Judge conspired with the Crooked Attorney General, Letitia James, and punished a liquid and beautiful Corporate Empire that started in New York, and has been successful all around the world….."
This case, along with equally absurd defamation case, shows that once the Left get control of the legal system, politics, not justice follow. There were clear cases of bias exhibited in both cases, and Trump is appealing. As long as anything remains within Democrat states, justice and the rule of law will not operate. Once more, these cases are relevant to the rest of the West, about how corrupt legal systems can go, even in once lands of the free. If there was an Australian version of Trump, you would see the same in your country.
"Judge Arthur Engoron fined former Donald Trump and the Trump Organization on Friday in civil a fraud case for more than $350 million and barred him from serving as an officer or director of any New York corporation for three years.
New York Attorney General Letitia James sought to essentially bankrupt Trump by calling for a $370 million fine and a lifetime of from the real estate industry in New York State. James claimed Trump committed financial fraud.
Trump plans to appeal the ruling. "This is a case that should have never been brought, and I think we should be entitled to damages," Trump said during closing arguments.
Constitutional scholar Jonathan Turley called the ruling "confiscatory, extreme, and abusive."
The judgment is the second this year in which Trump was found guilty and required to millions. In writer E. Jean Carroll's defamation case against him, the judge ordered Trump to pay $83.3 million.
James contended the defendants used the inflated financial statements to obtain bank loans and insurance policies at rates he otherwise wouldn't have been entitled to and "reaped hundreds of millions of dollars in ill-gotten gains."
…
Among the examples cited as fraud by the attorney general's office during the trial was Trump valuing his triplex home in Trump Tower in New York City at three times its actual size and value, as well as including a brand value to increase the valuation of his golf courses on the financial statements, which explicitly said brand values were not included.
Another example pointed to by the attorney general clearly got under his skin — a dispute over the value of Mar-a-Lago, his social club and residence in Florida. Trump's financial statements between 2011 and 2021 valued Mar-a-Lago at between $426 million and $612 million, while the Palm Beach County assessor appraised the property's market value to be between $18 million and $27 million during the same timeframe.
The judge fined Donald Trump's children as well, CNN reported:
Judge Arthur Engoron found Trump's adult sons, Donald Jr. and Eric, liable for a host of civil fraud counts in New York, including issuing false financial statements, falsifying business records and conspiracy.
He ordered them each to pay $4 million for their personal profits from the fraud.
In addition, Engoron fined former Trump Organization Chief Financial Officer Allen Weisselberg $1 million.
James' case against Trump is just one of many legal challenges the former president faces. Local and federal prosecutors filed four indictments against the president.
The indictments account for 91 counts: 34 counts in New York, with a maximum penalty of 136 years; 40 counts in Miami, with up to 450 years; four counts in Washington, DC, with up to 55 years; and 13 counts in Georgia, with up to 76.5 years."
https://www.zerohedge.com/political/ny-judge-hits-trump-364-million-penalty-alleged-fraud
"A Crooked New York State Judge, working with a totally Corrupt Attorney General who ran on the basis of "I will get Trump," before knowing anything about me or my company, has just fined me $355 Million based on nothing other than having built a GREAT COMPANY. ELECTION INTERFERENCE. WITCH HUNT (more to follow!)," said Trump in a post to Truth Social.
"The Justice System in New York State, and America as a whole, is under assault by partisan, deluded, biased Judges and Prosecutors. Racist, Corrupt A.G. Tish James has been obsessed with "Getting Trump" for years, and used Crooked New York State Judge Engoron to get an illegal, unAmerican judgment against me, my family, and my tremendous business. I helped New York City during its worst of times, and now, while it is overrun with Violent Biden Migrant Crime, the Radicals are doing all they can to kick me out…."
And according to the former president, Engoron conspired with New York Attorney General Letitia James.
"This Election Interference and tyrannical Abuse of Power by a Crooked Judge and Crooked Attorney General cannot be tolerated. My case was already won in the Appellate Division, and more than 80% of the frivolous claims were wiped out. Yet, as I suspected, and in order to hurt me and the Republican Party politically, Crooked and Corrupt Judge Arthur Engoron ignored his loss at the Appellate Division, and came up with an outrageous $355 Million Dollar fine against me. Using a statute that has never been applied like this before, the Corrupt Judge conspired with the Crooked Attorney General, Letitia James, and punished a liquid and beautiful Corporate Empire that started in New York, and has been successful all around the world…..
"There were no victims, and not one person testified there was any fraud. The actual witnesses established my Net Worth exceeded that reported in my Financial Statements as those Statements never included my most valuable Asset – the TRUMP Brand. The Highly Respected Expert Witness said my Financial Statements were among the best he has ever seen. I paid over $300 Million Dollars in taxes to New York City and State, and they want me gone. They are Crazed Lunatics who are destroying everything in their way. It all starts with Biden's attacks on his Political Opponent!"
Trump also said he'd appeal Engoron's decision.
"The actual bankers who were involved in the loan transactions testified I was a highly sought-after "whale" of a client with "one of the strongest personal balance sheets" they had ever seen, and I was overqualified for the loans. Those banks earned more than $100 Million Dollars in profits doing business with me and my companies. But to justify his crazed attack on me and my family, this biased, Trump Hating Judge, ignored all this, and even said Michael Cohen told the truth, although Cohen admitted to lying hundreds of times, and lied right in front of the Judge during the trial. This shocking and corrupt Interference in the Free Markets for political gain places every New York business transaction at risk. We must make sure Corrupt Politicians and Judges cannot continue to abuse the power of their office, and violate the public trust. We have already won, and will continue the fight on appeal!"
The months-long civil trial included testimony from Trump and his oldest children. The former president was combative in his day on the stand, blasting James as a "hack" and calling the judge "extremely hostile."
Trump repeatedly complained about Engoron before and throughout the trial, and the judge slapped him with a partial gag order after he started blasting the judge's law clerk as well. Trump's complaints led to a flood of death threats against the clerk, as well as Engoron, court officials said, and Trump was fined $15,000 for twice violating the order. -NBC News
During the trial, Deutsche Bank executive David Williams, who directly worked on at least one of several loans obtained by Trump over several decades, testified that it's "atypical, but not entirely unusual" for a bank to internally slash a client's stated asset values by 50% and approve a loan anyway, as they did with Trump, Bloomberg reported in November.
"It just depends on the circumstances," said Williams, a managing director at the bank.
Deutsche Bank, which loaned hundreds of millions of dollars to Trump for properties in Miami, Chicago and Washington, cut his stated net worth in 2011 and 2012 from about $4.2 billion to $2.3 billion, according to internal bank credit memos. The same documents indicated the bank approved the loans anyway because it expected them to generate a profit based on Trump's history of successful developments and other criteria.
Trump, who denies wrongdoing and claims the case is politically motivated, is calling to the stand this week four current and former Deutsche Bank employees — including the family's former private banker Rosemary Vrablic — as part of his defense case, seeking to flip the script on the state's version of events. -Bloomberg
The testimony undermined AG James' premise, that Trump defrauded the German bank. But of course, none of that matters to Engoron - while Trump's Martyr status just intensified.
Expect this decision to be reflected in upcoming polls."
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