Guest Post by Alex Berenson
Will New York state attorney general Letitia James really try to seize a half-billion dollars in Trump’s assets as punishment for a non-existent crime?
I have a confession.
I never thought the show trial over Donald Trump’s loans would go this far. I never thought New York state would seriously try to enforce the absurd $464 million judgment against Trump for his “crime” of borrowing money and paying it back.
I assumed the adults would step in once the kids had had their fun putting Trump through the wringer, because the case was so obviously politically motivated. I figured a higher court would quickly reverse Judge Arthur Engoron’s verdict, or at least that New York attorney general Letitia James would ensure Trump could appeal.
I was wrong. It turns out Trump does not have $500 million lying around to post a bond, which is a requirement for him to appeal the case. And it turns out that James is actively laying the groundwork to seize Trump’s assets. If Trump can’t post the bond by Monday, she may take them.
How do I put this politely?
Everything about this case is insane.
I am trying to find an understandable analogy for the basis of the case against Trump, the crime he is supposed to have committed.
Here’s the best I can do:
You decide to replace some windows. The contractor comes, quotes you a price. You agree. He says, “Are you sure you can pay?”
You say “Yes, I have the money in my bank account.”
This is a lie. You don’t have the money in your account, but you are sure you’ll get it next week. You have a check coming.
He looks dubious but agrees.
He does the job. The money comes in as promised and you pay on time. He is satisfied.
New York state finds out that you lied about having the money in your account.
It claims you have committed fraud. And it takes your house.
—
I cannot keep emphasizing this point enough: yes, Trump overstated the value of his assets when he sought these construction loans.
But the banks that lent him the money were enormous and sophisticated institutions well aware of Trump’s penchant for exaggeration. They performed their own analysis of his assets and whether to make the loans. They made them happily.
AND TRUMP REPAID THEM.
In his own initial decision against Trump in September, Engeron himself found:
“The record is devoid of any evidence of default, breach, late payment, or any complaint of harm…”
He then blithely rejected those facts as “completely irrelevant.”
If this is civil fraud worthy of a nearly half-billion dollar penalty, then practically every business owner in New York risks losing everything for any exaggeration.
You said your bagels were the best? We’re shutting your store!
You claimed LaGuardia is a great airport these days? Too bad, we’re fining you a billion dollars and seizing your planes!
You told investors you were close to a big new contract for solar panels? Sorry, you weren’t actually close, at least not in our opinion! Your factory is ours now!
—
Meanwhile, the coverage of the case has been a case study in how hatred for Trump distorts reporting. Here is how the Associated Press reported on Engeron’s initial ruing against Trump last September:
Judge Arthur Engoron, ruling in a civil lawsuit brought by New York Attorney General Letitia James, found that Trump 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 loans…
Nowhere – NOWHERE – in the story did the AP acknowledge that Trump had repaid all the loans with interest.
So here we are. The leading opposition candidate for President risks having a huge chunk of his assets seized and sold by an official who is a member of the party in power, for a “crime” which had no victims. Meanwhile the media leers.
The adults – if any are left – had better step in soon.
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“Will New York state attorney general Letitia James really try to seize a half-billion dollars in Trump’s assets as punishment for a non-existent crime?
I have a confession.
I never thought the show trial over Donald Trump’s loans would go this far. I never thought New York state would seriously try to enforce the absurd $464 million judgment against Trump for his “crime” of borrowing money and paying it back.
I assumed the adults would step in once the kids had had their fun putting Trump through the wringer, because the case was so obviously politically motivated. I figured a higher court would quickly reverse Judge Arthur Engoron’s verdict, or at least that New York attorney general Letitia James would ensure Trump could appeal.”
“The adults – if any are left – had better step in soon.”
Even after he chronicled the covid disaster, Alex will never shake his government-centric, “government is good” bias. It’s thoroughly ingrained in him, clearly.
Now you know why he was originally hired by the NY Times.
This is nothing compared to what the niggers and Jews have planned for whitey.
They will fail.
Once we get it thru our thick, well intentioned skulls that this ain’t a drill watch the F out .
Sphincter, you are dead on right except the niggers haven’t planned anything.
Exactly, they can’t get up before noon anyway lol
That’s because they were up past 3 am fuckin’ the shit out of your mudshark daughters…and sons.
Not to mention, they’re refusing to let Trump appeal until he pays the fine first.
The regime is just making crap up depending on your political affiliation for these show trials. Still remember the J6 political prisoners being forced to renounce Trump by the judge in a court of law; this has never happened in our country before.
The Democrats could teach Joe Stalin a few things about trials.
There is an even more basic principle at work here . If someone owns something the value that they place on it is what they would be willing to let it go for, whether they aren’t that eager to part with it , or whether they are desperate to let it go for less than it is worth is totally irrelevant to the fact that its theirs and are under no requirement to let it go for less ,or at all for that matter . Furthermore the prospective buyer is under no requirement to purchase it at the value the seller arrived at . I have a guitar , someone asks me how much I would sell it to them for , I love that particular guitar for whatever intrinsic personal and or subjective reasons that are entirely my own and so I tell the interested buyer a million dollars is what would be required for me to let go of that guitar .Its completely no body’s effing business , let alone the governments, but mine ” ” Caveat Emptor “
You are correct. If this ruling stands, it is indeed the END of the free market and private property.
You may be found guilty of fraud if you sell property for more than the value at which the government assesses it.
Maybe good news for me as, once retarded real estate markets figure it out, housing prices will drop through the floor, past the basement, through the sub-basement and start drilling towards the Earth’s core. I take no comfort in that prospect, however.
It will almost certainly be tossed at the Supreme Court; … BUT, it should be remembered that SCOTUS now contains a “Justice” who believes it to be extraordinary and bizarre to think that the 1st Amdt could ever be interpreted in a way that would “hamstring” the Fedgov.
A nigger tool.
Who down votes a comment like yours ?
Jim could fix it so you’d never have to ask that question again. Then EVERYONE would know. It’s apparently not a priority…and who am I to judge?
I never thought the show trial over Donald Trump’s loans would go this far.
You underestimate hate, brought to you by the “big lie” and regurgitated over and over by the partisan propaganda.
Yes NY city and state are insane. Their self destruction to screw Trump is incomprehensible. Yet they haven’t won yet, there is a lot more to go. It ain’t over until it is over.
Turley: Letitia James’ Trump Asset Seizure Unlikely
Turley pointed out that Trump’s properties, being partnerships with leveraged debts, would require a meticulous unraveling process. “So these aren’t just this one-to-one Trump versus James type of equation,” he said.
Turley further emphasized that the seizure of the properties would likely involve court battles and challenges, making it far from an overnight occurrence. He dismissed the notion of Trump Tower being padlocked as a celebration and stated, “It’s not likely to happen, and it’s certainly not likely to remain very long.
Furthermore, Turley raised concerns about the potential harm James’ actions could inflict on the value of the property she intends to seize. While he acknowledged that it might not matter to James, Turley noted that such impacts would be relevant to a court’s considerations.
“I don’t think that matters to her, but it might matter to a court,” he said.
https://www.newsmax.com/politics/turley-letitia-james-trump/2024/03/22/id/1158311/
Turley is a p***y. He is too naive to understand the maliciousness of these criminals. They will stop at nothing.
The jEwi$h is desperate and panicking, because its ‘central bank’ pyramid scheme is collapsing, and six-million spinning plates are colliding in mid-air.
Stealing Trump’s wealth doesn’t solve that. So what is your point?
I’m guessing Jared Kushner, the Khazarian mole, ends up with Trump’s properties in the end.
He is too busy arranging to buy up beach front property in Gaza.
Just from the standpoint of actual basic American Law, you can’t have a lawsuit for damages unless you have suffered provable injury, and acts by defendant causing the injury…So this case is a nullity, barred by the 8th Amendment of the Constitution…If it stands, New York will be boycotted by serious businesses, and the financial industry is already fleeing for Miami…
Right, feral judges are only quick to say a case has “No Standing” when We The Deplorables present evidence of institutional fraud and cavalier rape of the public trust.
She is not even done with Trump and already on the attack on beef in the name of “Climate Change”.
From 2/28/2024 – Gateway Pundit
All theater. Go online or FOIA and read the briefs and associated records of Trump’s case. Betcha its unavailable. That’s because the government would not allow their most successful popular puppet to be railroaded for reelz.
The actions against Trump are simply a warning to us. They are just showing us what they have been doing to little people for years. Bastiat said something to the effect that the thieves create a system of government that justifies and makes their stealing legal.
The government already has that, it is called taxes.
If this Jabba the James can take Trump’s scalp, there will be many more to come. This nonsense needs to stop now.
As long as I’m there when he falls off that high horse he rode in on. Everything else is just bullshit. That’s gonna be the show stopper.