Trump Organization ordered Dissolved

[Whistler]

For individuals bankruptcy is about a last resort, for large businesses, it's just one more financial strategy.
Number of bankruptcies aside, just the sheer scope and scale of his "empire" doesn't strike me as a bad businessman. Maybe I'm placing too much emphasis on his billions...

 

[Renegade]

And let’s talk appraisals.

Mar-a-lago appraised at $18m is a joke. If there was any fraud, it was because it is too low. Like maybe 25x too low.

Compare to Buccees in Boerne at $40m. So a gas station in Texas is 2x a luxury golf/hotel in Palm Beach. Sure.

A typical HEB is over $20m….

 

[General Zod]

Which reminds me...

Has anyone heard from BLM or Antifa lately... or were they laid off after the election?

Funny how that works. Don't worry, though, when Biden loses to whichever candidate BLM and Antifa will immediately let us know they're doing just fine and dandy.

 

[TheDan]

I wonder if this will change anything in NYC real estate. Trump is guilty, but so it everyone else. The whole NYC real estate industry is like that. I'm sure no charges will be filed against any other politicians or oligarchs.

 

[Havok1]

I wonder if this will change anything in NYC real estate. Trump is guilty, but so it everyone else. The whole NYC real estate industry is like that. I'm sure no charges will be filed against any other politicians or oligarchs.

the rest of the CRE industry(which is already falling apart) didn’t kick the hornets nest, and therefore will never be looked at. The same banking industry that was giving mortgages out like halloween candy less than 20 years ago just cares that they made their money off of trump and all the others. They don’t care how.

 

[jmohme]

I wonder if this will change anything in NYC real estate. Trump is guilty, but so it everyone else. The whole NYC real estate industry is like that. I'm sure no charges will be filed against any other politicians or oligarchs.

But Trump is in a different category than the others in NYC. They are not running for President as a Republican so they get a softer set of rules.

 

[Kar98]

And let’s talk appraisals.

Mar-a-lago appraised at $18m is a joke. If there was any fraud, it was because it is too low. Like maybe 25x too low.

Compare to Buccees in Boerne at $40m. So a gas station in Texas is 2x a luxury golf/hotel in Palm Beach. Sure.

I mean, it's Buccee's. Probably gets a lot more traffic. And have you seen what Texas schools spend on stadiums?

Texas' 10 most expensive high school football stadiums

Four of the top 10 most expensive high school stadiums in Texas are in the DFW metroplex.

www.wfaa.com

 

[jmohme]

The fact is that this and all of the other charges they keep throwing at the man are just the democrats and media's way of reprograming weak minded voters into believing the "Orange Man" is indeed bad.

 

[Kar98]

I can honestly not tell if you're cosplaying or if you're actually serious with this yay trump nonsense. He was KNOWN to be a shady ass con man literally 30 years ago.

Example:

Kindle

 

[TEXAS "All or nothing"]

To take over something HE doesn't own is preposterous! He had to relinquish ownership for presidency.

 

[MountainGirl]

Judge issues Order placing Trump's business assets under court monitor.

Trump's Manhattan fraud trial enters day 4

Presiding Judge Arthur Engoron rejected former President Donald Trump’s request to delay a civil trial last week. James sued Trump, his children and the Trump Organization, alleging that Trump "inflated his net worth by billions of dollars" and said his children helped him to do so.

www.foxnews.com

"Judge Arthur Engoron issued an order prohibiting former President Donald Trump from transfering his assets without informing a court monitor on Thursday.

Engoron's supplemental order states that Trump and the other defendants must disclose all of the entities they own and declare in advance "any anticipated transfer of assets or liabilities to any other entities."

In addition to Trump, the order applies to Donald Trump Jr., Eric Trump, former chief financial officer of the Trump Organization, Allen Weisselberg, and Trump Organization controller Jeffrey McConney. The group has until OCtober 26 to hand over the information to former federal judge Barbara Jones, the monitor who is already overseeing the Trump Organization's finances. "

 

[oldag]

Judge Arthur Engoron issued an order prohibiting former President Donald Trump from transfering his assets without informing a court monitor on Thursday.

Engoron's supplemental order states that Trump and the other defendants must disclose all of the entities they own and declare in advance "any anticipated transfer of assets or liabilities to any other entities."

In addition to Trump, the order applies to Donald Trump Jr., Eric Trump, former chief financial officer of the Trump Organization, Allen Weisselberg, and Trump Organization controller Jeffrey McConney. The group has until OCtober 26 to hand over the information to former federal judge Barbara Jones, the monitor who is already overseeing the Trump Organization's finances.
-----

Why the heck is the judge freezing his assets? Why is this necessary or pertinent to this trial?

 

[MountainGirl]

Why the heck is the judge freezing his assets? Why is this necessary or pertinent to this trial?

The goal, my friend, is to destroy DJT, as completely as possible.

Not only him - but to also destroy any lingering thought we might have that they are not in complete control and have ultimate power over anyone, at any time, anywhere.

 

[TheDan]

This is why most corporations are establishment shills. A corporation only exists at the whim of the political elite.

 

[kbaxter60]

Welcome to the Banana Republic that used to be the beacon of freedom to the planet.

 

[popper]

So the court appt regulator will give the 'big guy' his cut?
So NY state can revoke his COMPANIES' realty/business lic but not sure it can legally put it in receivership. That would basically be stealing property from Trump org. which is NOT broke! Nor is it the defendant in the case! Equal to Musk loosing a case and Gov. taking his companies..

 

[BigRed]

Is it time yet?

 

[Vaquero]

Is it time yet?

Yeah.
It looks like it.

 

[MountainGirl]

Yeah.
It looks like it.

Agree.

 

[TAZ]

Wonder if when all is said and done, DJT will be owed back taxes fur paying property taxes on tax assessors fraudulently inflating property values for the purpose of stealing money from property owners.

So banks made millions taking in interest on loan payments based on evaluations they reviews, researched and approved. So are they facing charges. I mean aren’t they willing participants in fraudulent activity???


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