The Judge, Arthur Engoron ruled ex-President Donald Trump committed fraud over the years while building his renowned real estate dynasty.
The decision, stemming from a civil case initiated by New York’s Attorney General Letitia James, claims that Trump and his firm provided misleading information to banks and insurance companies by overvaluing his assets and inflating his net worth in official documents related to deals and financing.
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Here’s the reality. Real estate is worth whatever somone is willing to pay for it. We live in a neighborhood alongside a nature preserve. The valueof the real estate does not comprehend that. Not at all. It Trumps case, his valuation of his property may be higher than that which the judge places on it but the jusge is no involved in real estate. Trump is. His opinion and his estimates hold more power that the judge so the judge got it massivly wreong when he stated Trump overvalued his real estate. Trump simply thought it was worth far more than the judge thought it was worth. That’s the beginning of making a deal. That’s the beginning of Trump getting rich while the judge was simply advancing along the path to become a judge. Estimates are not facts. An estimate may become a fact when the real estate changes hands but estimates are only estimates. The judge didn’t know that.
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