An appeals court in New York struck a major blow to Democrats on behalf of President Donald Trump and his family business on Friday. Radical leftist Judge Arthur Engoron had ordered the Trump Organization and all of its subsidiaries to surrender their business licenses in New York and for all businesses and properties to be liquidated within 10 days—and that was before Attorney General Letitia James’ fake fraud lawsuit had even begun!
Thankfully, the Appellate Division of the New York state court system ordered a stay against Judge Engoron’s unilateral declaration.
This trial is obviously rigged against President Trump. He has worked for decades to build up an extremely successful business in New York, which is worth billions of dollars. We’ve really never seen anything quite like it in the United States before, in terms of the entire system trying to destroy one man.
Trump hasn’t even been accused of a real crime in this New York case. It’s yet another “novel legal theory” in which they have to twist existing statutes to try to come up with a crime he committed.
Look at how upside-down this has been. The judge ordered that Trump’s businesses and family members surrender all their business licenses, properties and homes within 10 days. And NOW we’re going to start the trial after that declaration has been made. It’s insane and fairly terrifying that this could happen in America. You’re declared guilty, all your assets are seized, and then the trial starts. Banana republics should be issuing travel advisories to their citizens, warning them not to come to such a dangerous and unjust place as New York.
Letitia James’ case hinges on an accusation that Donald Trump overvalued his properties to secure business loans. She claims he engaged in “repeated and persistent fraud” to do so. To prove this, they’ve come up with insane property valuations on Trump’s hotels, buildings and homes.
There’s already been a ton of discussion about the crazy valuation that Letitia James gave to Mar-a-Lago: $18 million. There’s literally a patch of trees near Mar-a-Lago that’s for sale for $50 million.
The Trump Organization estimated the value of the iconic Trump Tower in New York City at $207 million. That’s actually insanely low, but Letitia James claims Trump Tower was only worth $93 million.
To give a sense of how crazy that is, there are six luxury condos on floors 86 through 89 of Trump Tower. Each of them is valued at $30 million apiece. That’s $180 million worth of real estate, and it only covers four floors of Trump Tower. Valuing the building at $207 million seems insanely low, let alone the $93 million that Letitia James claims it is worth.
If Donald Trump valued his properties too high (and that’s a big “if”), it means he overpaid his property taxes. What’s really crazy is that Trump is even in the courtroom for this. Do these people actually think that Donald Trump sat there with a pencil filling out loan applications? The case is also incredibly unfair because the State of New York has not identified any victims of Trump’s alleged “crime.” All the banks were paid back in full, with interest. No one got stiffed. Trump didn’t declare bankruptcy and refuse to pay the funds back (which also wouldn’t have been a crime).
Not one single entity has declared itself to have been victimized by Donald Trump. The banks made plenty of usurious interest on the loans, and the State of New York collected extra property taxes from Trump. Who’s the victim here?
The good news is that Letitia James is not a very good lawyer. Her case started falling apart from the very beginning, despite the best efforts of the Trump-hating Judge Engoron. The first day of the trial, more than 80% of the case had to be dismissed, because the statute of limitations on those loans expired back before 2013. She didn’t bother to look at that, because Letitia James is on a mission here. Who needs law?
With this latest appellate court decision, the Trump family now has some breathing room. Judge Engoron is going to have to at least go through the motions of a trial before he can just liquidate the Trump Organization.