BREAKING: Donald Trump's $454 million bond has been reduced to $175 million thanks to a New York appeals court ruling.
The FACTS that Led Trump to be Declared a FRAUD in a Court of Law Trump’s financial statements, which were provided to banks, insurers, and other business associates, listed Trump’s private residence (a Manhattan Penthouse) at 30,000 square feet, though it is only 10,966 square feet, tripling its value. Despite an appraisal paid for by the Trump Organization valuing 40 Wall Street at $220 million in 2012, Trump’s financial statements claimed a value of $530 million in 2013. Trump’s financial statements claimed a Westchester Estate, which was purchased for $7.5 million, was worth $291 million based on plans to develop the property, but there were no plans to develop the property. In fact, it was put into a conservation easement to get tax breaks that made development impossible. Regardless, Trump’s financial statements continued to misrepresent its value. People within the Trump organization – people Trump hired - testified under oath that Trump routinely instructed them to inflate the value of his properties for the purposes of defrauding his business associates. For tax purposes Trump International Hotel and Tower in Las Vegas was reported at a value of $24.95 million, but on Trump’s financial statement, it was given a value of over $107 million. Numerous of Trump’s New York properties were subject to rent control, but Trump’s valuations of those properties routinely ignored that reality. Trump Organization valued a Penthouse that Ivanka Trump rented at $20.82 million, even though the lease provided a buyout option at just $8.5 million. The evaluations of Trump properties were routinely arrived at through ignoring GAACP (Generally Accepted Accounting Principles). In 2020, Trump Organization paid for an internal appraisal of Trump Park Ave. The property was appraised at $84.5 million, but Trump’s financial statements simply ignored its true value, claiming an evaluation of $135.8 million. On numerous occasions, Trump Organization represented that they arrived at valuations based on the opinions of independent professionals, but no such independent professionals existed. Donald Trump is a FRAUD in business and politics. The evidence is OVERWHELMING. He is a megalomaniac who LIES and CHEATS with abandon. He CONS his business associates, and his VOTERS.
@GrahamAllen_1 IF YOU ARE CELEBRATING YOUR LEADER'S BOND BEING LOWERED AFTER HE WAS FOUND TO BE A FRAUD, MAYBE YOU SHOULD RETHINK SOME THINGS. TRY TO REMEMBER WHAT RIGHT AND WRONG WERE BEFORE TRUMP CONNED YOU!
@GrahamAllen_1 Trump should thank his lucky stars. Now he has ten days to get the cash together. What will Graham do if Donald can't do that either?
@GrahamAllen_1 I find it telling that they reduced it by more than half. I'm really curious how the appeal plays out.
This is welcome relief. But, since this was a novel application of law, there was no victim, and Trump's real estate isn't going anywhere, it should be zero. Trump needs to appeal this as well. Just keep going up the appeal chain to the Supreme Court if necessary. He'll actually be doing NY a favor by doing this. The way things stand now, NY just declared itself to be a business unfriendly place. The quicker this verdict is overturned, the better it will end up being for NY.
@GrahamAllen_1 Nice to see you excited for the rapist and domestic terrorist. 🙄
@GrahamAllen_1 And when he loses his appeal, he will still owe $454+ million to New York. And his criminal trial for his election interference case starts April 15th! Have a great month!