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The ruling was a fine. Money goes back to the general fund accounts of the jurisdiction that levied the fine in the first place. There may be other earmarks for overall court expenses ( including Barbara Jones and her staff), but the majority will go into the general fund.
So theft. This is bogus and you know it is. This is one of the most sophisticated banks in the world, they don’t loan money to anyone who can’t repay them. They do their own due diligence, commissions appraisals, etc. There isn’t a single lender in the world that relies completely on a borrower’s estimate of collateral value. This was purely political in nature.
Now you speak for the SCOTUS. TDS was done a number on you.
SCOTUS deals with questions of constitutional or federal law. Unless there is an angle from one of them in Trump’s case that needs to be addressed, the Supreme Court is not going to play. They are not going to hear any appeals based on judgements in civil trials centered around a state law with no federal or constitutional basis.
ya, You don't need a victim, but it does not mean the DA has the right to use it this way. Those were private business deals; both parties were happy with the value and the loan got paid back. What is the issue? If "overvalue" is the "fraud", why do the "undervalue" from the banks is not a fraud (people who had applied for a loan knew what I meant)?
One final time, how does the 18 million value be the REAL value?
It’s not, and was never represented to be. That number came from the assessor.
The value of MAL is low because of the way it is zoned. Google it.
When Engoron breached the actual statute of limitations ( anything pre-2014), he raised an issue of actual due process on his own.
There's a pathway to SCOTUS. Not a large one, but it's there.
Still local to New York and not a matter of federal or constitutional law. IIRC the NY legislature had extended the statute of limitations, and the governor signed it. Are you thinking of the NY Supreme Court?
And this is why the SCOTUS will actually force this law off the books because it's too easy for a corrupt government to go after innocent people for whatever means. These government types would use this as a form of eminent domain to force people off of their property so they can snatch up prime land and sell it to some wealthy developer for pennies on the dollar. It's going to be glorious when the SCOTUS slaps this law out of their hands and makes things right.
This judge is finding Trump "Guilty" of, well, something, because he sold a property by naming a price that (maybe) exaggerated the value of the property? And the people buying it didn't do their homework and come up with a different price as a counter offer?
In other words, Trump did exactly what most people do when selling some major item (property), the buyer blew it, and now **Trump** is the guilty one?
Yeah, it sounds kind of stupid. Are auctions allowed in the state anymore because when something is for sale at an auction, it usually goes to the highest bidder, and that often includes property.
This is the New York state law,63(12) that made it possible for Trump to have to pay that $355 million.
"In other fraud cases, authorities must persuade a judge or jury that someone was in fact defrauded. But 63(12) required Ms. James only to show that conduct was deceptive or created “an atmosphere conducive to fraud.” Past cases suggest that the word “fraud” itself is effectively a synonym for dishonest conduct, the attorney general argued in her lawsuit."
And this is why the SCOTUS will actually force this law off the books because it's too easy for a corrupt government to go after innocent people for whatever means. These government types would use this as a form of eminent domain to force people off of their property so they can snatch up prime land and sell it to some wealthy developer for pennies on the dollar. It's going to be glorious when the SCOTUS slaps this law out of their hands and makes things right.
What constitutional provision does this law violate?
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