Judge Engoron has committed what I consider to be fraud and theft against President Trump. He is now trying to extort $250,000,000 million dollars from Trump. Engoron claims that Trump defrauded the banks, even though everyone of them had the loans paid off in full with interest. He claims that Trump overvalued Mar-a-Lago. So how much does the judge consider a fair value for the -property? He claims it is only worth $18 million dollars.
Mar-a-Lago sits on 20 acres in the section known as Billionaire’s Row. To let you know how ridiculously corrupt the judge is, right near Trump’s estate is two acres of land covered with trees. That parcel is now for sale at a price of $150,000,000 dollars. Mar-a-Lago is 20 acres of fully developed land with quite a bit of infrastructure. Does that give you a clue as to the level of corruption this judge is party to? Democrats and their judges lack even a minimum of morals.
Eric Trump explains as he defends his father:
“In an attempt to destroy my father and kick him out of New York, a judge just ruled that Mar-a-Lago, in Palm Beach Florida, is only worth approximate ’18 Million dollars’…Mar-a-Lago is speculated to be worth we’ll over a billion dollars making it arguably the most valuable residential property in the country. It is all so corrupt and coordinated.”
In a court filing Tuesday, Judge Arthur Engoron ruled Trump committed fraud in building his real estate empire through the overvaluation of property values. That is absurd. If it were true, Trump could not possibly have paid off the loans. He is basically being charged with fraud without a single victim. No doubt these same banks will gladly do business with Trump again. This is lawfare pure and simple.
VISIT OUR YOUTUBE CHANNELIn another post on X, Eric Trump posted an unverified screenshot of home listings in Palm Beach, Fla. which appear to have market values of over $35 million.
“These homes are about 1/30 the size of Mar-a-Lago, not on the beach (let alone the beach and intercostal), don’t span from once side of the Palm Beach Island to the other…it is a travesty of justice and embarrassment to the court,” the younger Trump wrote.
The ruling comes as part of New York Attorney General Letitia James’s lawsuit against Trump, the Trump organization, Eric Trump and Trump’s other son, Donald Trump Jr., over more than a decade of alleged fraud.
The $250 million lawsuit alleges Trump’s company sought lower taxes and better insurance coverage by falsely inflating and deflating the value of its assets.
Trump previously claimed in sworn testimony that the values on his financial statements did not matter because the forms have a disclaimer saying they shouldn’t be trusted, according to the Associated Press (AP).
Engoron further wrote in the decision that Trump’s arguments over the deposition numbers with the New York attorney general’s office were “wholly without basis in law or fact.”
Engoron’s ruling also takes away some of Trump’s business licenses and ordered an independent monitor to continue oversight of the Trump organization.
Banks aren’t stupid and they use their own methods to evaluate whether someone deserves a loan and whether they will get paid back.
