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Drudge Retort: The Other Side of the News
Wednesday, September 21, 2022

New York Attorney General Letitia James filed a civil fraud lawsuit Wednesday against former President Donald Trump, according to court records. The case docket indicates the defendants are Donald J. Trump, Donald Trump Jr., Eric Trump, Ivanka Trump, Allen Weisselberg, Jeffrey Mcconney, The Donald J. Trump Revocable Trust, The Trump Organization, Inc., and other businesses associated with Trump.

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" years of large-scale fraud"

That's his M.O.

#1 | Posted by LegallyYourDead at 2022-09-21 11:56 AM | Reply

The shoes start to drop. Or perhaps the balloons are going up. Regardless, there will be a tremendous wave of stinking self-pity arriving from Mara-A-Lago any minute now.

#2 | Posted by Zed at 2022-09-21 12:38 PM | Reply

Funny, when you say "fat traitorous scum", everyone knows who you mean.

#3 | Posted by Zed at 2022-09-21 12:39 PM | Reply | Funny: 1 | Newsworthy 3

"They attempted to delay this investigation," she said. "Two judges have dismissed those claims that this was a political witch hunt, so I give no credence to those names that he has referred to me. Two, Mr. Trump, the Trump Organization, as well as his family, will still have to deal with this complaint, they will have to respond. They will have to respond to the allegations therein. If he decided to move to Florida, the reality is, he still has to deal with the great state of New York and respond to the complaint."

Agent Orange claimed in filing that MAL can be turned into residential property, which goes directly against the agreement he has with the local government. MAL makes $25M a year in revenue and therefore is worth $75M. Agent Orange says $726M. He lies like he breathes.

Also, all this has been turned over to the Justice Department and IRS. LOL!!!! Time for the perp walk.

#4 | Posted by Enlightened at 2022-09-21 01:11 PM | Reply | Newsworthy 2

Regardless, there will be a tremendous wave of stinking self-pity arriving from Mara-A-Lago any minute now.

#2 | POSTED BY ZED AT 2022-09-21 12:38 PM | FLAG HAHA

Booski Hoohooski

#5 | Posted by RightisTrite at 2022-09-21 01:14 PM | Reply | Funny: 1 | Newsworthy 2

The 1/6 Committee may be dissolved the day after the mid-term election. Merrick Garland's work may stop on inauguration day, 2025. Assuming this lady get re-elected, she will be able to grind on for the next four years, telling her legal team they will be seen as national heroes if they win the case. Can Trump continue to pay legal bills that long? He probably will have the wherewithal to do so, but not the stomach for it. A little-remembered fact about Der Dotard is that he has settled and paid in many legal matters. This could be added to the list...

#6 | Posted by catdog at 2022-09-21 01:16 PM | Reply

Mar-a-Lago "generated less than $25 million in annual revenue," James said. "It should have been valued at about $75 million, but it was valued at $739 million."

She is clueless in so many ways, this one alone makes no sense. Real estate like that generating 25 million would be at least worth 350 million, not even near 75 million. Not 739 either but if she's lying about this she is lying about the income. And saying he's inflating the value and size of his real estate for more favorable tax rates. I would assume she is talking about real estate taxes, where the lower the value the lower the taxes. Why would someone want to increase the value to pay more taxes. And she says he inflated the size of his condo, again taxes are based on values that the town assesses and the assessment includes the size that is based on building permits.

#7 | Posted by fishpaw at 2022-09-21 01:21 PM | Reply | Funny: 3

As far as shoes continuing to drop...
beautifullyseaside.com

Remember... "Branding is Everything" to them.

We are watching the toppling of a make-believe empire.

#8 | Posted by RightisTrite at 2022-09-21 01:23 PM | Reply

When do the Q-tard Riots start?

#9 | Posted by LegallyYourDead at 2022-09-21 01:26 PM | Reply | Funny: 1

"According to the lawsuit, the Trump Organization deceived lenders, insurers and tax authorities by inflating the value of his properties using misleading appraisals."

Are the lenders or insurers suing him?

Are they at least cooperating with the NY AG?

#10 | Posted by eberly at 2022-09-21 01:57 PM | Reply

Any idea when (if?) this may go to trial?

#11 | Posted by LampLighter at 2022-09-21 02:13 PM | Reply

-During Wednesday's news conference James also said that Trump inflated the square footage of his Trump Tower triplex apartment in order to misrepresent the value at over $300 million.

even in podunk, KS you can't get away with that.

The county records, which are used by banks and insurance companies, confirm information such as square footage of dwellings and buildings. Not to mention other resources both banks and insurance carriers use to ensure the value of real property.

there is just something weird about this.

#12 | Posted by eberly at 2022-09-21 02:17 PM | Reply

I believe I heard tell the Q ----- have 9/24 slated

#13 | Posted by RightisTrite at 2022-09-21 02:20 PM | Reply

@#13 ... there is just something weird about this. ...

Perhaps that weirdness is fmr Pres Trump's relationship with the banks providing loans?

I am waiting for this to get to trial so the evidence can be questioned under oath.

For some background on how fmr Trump lies about his worth...

TrumpNation
en.wikipedia.org

...TrumpNation: The Art of Being the Donald is a 2005 biographical book about Donald Trump that was written by Timothy L. O'Brien and published by Warner Books. After the book was published, Trump filed a $5 billion lawsuit against O'Brien, who had written that Trump was not a billionaire and that his net worth actually ranged between $150 million and $250 million. Trump sought $2.5 billion in compensatory damages and an additional $2.5 billion in punitive damages. The lawsuit was dismissed in 2009, and an appeals court affirmed the decision in 2011. ...

Also during depositions, O'Brien's attorney, Andrew Ceresney, asked Trump about earlier claims made in two ghostwritten books credited to him " How to Get Rich (2004) and Trump 101: The Way to Success (2006) " which stated that he was $9.2 billion in debt during the early 1990s. Trump stated that the number was a mistake made by ghostwriter Meredith McIver, and that he was unaware of the exact number, but preferred to say "billions".[19][20] Trump had previously said in 1997, "I owed the banks as much as $9 billion".[21] The Washington Post later wrote, "It appeared that Trump had exaggerated the lows, to make his comeback seem even more impressive."[19]...

On May 18, 2009, O'Brien and his attorneys requested that the lawsuit be dismissed, stating that the book did not slander or damage Trump's brand name. William Tambussi, Trump's attorney, said that O'Brien damaged Trump by referring to him as a "faux millionaire", a "train wreck", "the walking embodiment of financial pornography" and a "serial bankruptcy addict". Ceresney said that O'Brien made such statements during radio interviews and at book signings, which he said were "intimate settings" that did not damage Trump's reputation.[18]...




#14 | Posted by LampLighter at 2022-09-21 02:42 PM | Reply

"According to the lawsuit, the Trump Organization deceived lenders, insurers and tax authorities by inflating the value of his properties using misleading appraisals."
Are the lenders or insurers suing him?
Are they at least cooperating with the NY AG?

#10 | POSTED BY EBERLY AT 2022-09-21 01:57 PM | FLAG:
(CHOOSE)

The lenders and insurers are the ones who have the appraisals done so they would be suing themselves. And again, why would anyone inflate the value of his property for tax authorities, it would mean you would pay more taxes.

#15 | Posted by fishpaw at 2022-09-21 02:59 PM | Reply | Funny: 1

there is just something weird about this.

#12 | POSTED BY EBERLY AT 2022-09-21 02:17 PM | REPLY | FLAG

It's a whackjob. Le'cretia is is up for reelection and the race is squeeky tight. And 12%of the people remain undecided.

www.libertynation.com

#16 | Posted by lfthndthrds at 2022-09-21 03:15 PM | Reply

-During Wednesday's news conference James also said that Trump inflated the square footage of his Trump Tower triplex apartment in order to misrepresent the value at over $300 million.

even in podunk, KS you can't get away with that.
#12 | POSTED BY EBERLY

Perhaps that's why he's not getting away with it in New York City?
January 19, 2022
In a statement, James gave an example of how Trump allegedly valued his triplex apartment at $327 million in 2015 and 2016 financial statements, based on claims it was 30,000 square feet in size.
In 2017, Trump's financial statement changed the value of the property yet again, stating it was worth $116.8 million and for the first time revealing it was only 10,996.39 square feet in size.
As noted by James' office, longtime Trump Organization CFO Allen Weisselberg previously testified to them that the value of Trump's apartment had been overstated by "give or take" $200 million.
www.newsweek.com

#17 | Posted by snoofy at 2022-09-21 03:20 PM | Reply

@#15 ... And again, why would anyone inflate the value of his property for tax authorities, it would mean you would pay more taxes. ...

From what I've seen, Fmr Pres trump raised the values of properties when he was using them as collateral for loans, and then he lowered the values when he had to valuate them for tax purposes.

Fmr Pres Trump didn't just raise the values and leave them there, he varied the values based upon what he was using the values for.

Taxes: low values
Collateral: high values


#18 | Posted by LampLighter at 2022-09-21 03:21 PM | Reply | Newsworthy 1

Any idea when (if?) this may go to trial?
#11 | POSTED BY LAMPLIGHTER

On Monday, in a year that starts with a "2"

AGs need to stfu until they indict.

this specific case will drag on and on and on and on and on and on, so another pointless announcement.

With the SDNY already deciding no criminal charges for -------, and the "referals" from this filing meaning, ------- might, could be, maybe investigated that might, maybe, someday, possibly lead to a maybe indictment

IOW INDICT OR SHUT THE ---- UP

#19 | Posted by truthhurts at 2022-09-21 03:38 PM | Reply

@#19 ... AGs need to stfu until they indict. ...

That's my view as well, which is why I asked about a trial date.

fwiw, when AG James first ran for the office, one of her talking points was along the lines of, if elected, she would investigate fmr Pres Trump.

Here's an article about it. I believe I posted Mr Rosenberg's January 2019 article here.

The New York Attorney General Should Still Consider Recusal (May 2021)
www.lawfareblog.com

... In January 2019, I wrote an article for Lawfare in which I suggested that then United States Acting Attorney General Matt Whitaker and newly elected New York State Attorney General Letitia James should both consider recusing themselves from cases about which they commented publicly prior to taking office. Whitaker publicly prejudged the Mueller investigation that he later inherited during his short tenure as attorney general. As a private citizen when he made his remarks, it was acceptable for Whitaker to speak out, even though he was (in my opinion) absolutely wrong about the investigation. James"as a private citizen while running for state attorney general"made remarks prejudging the criminal investigation of Donald Trump and the Trump Organization. She later inherited that investigation after winning election in 2018.

That New York state investigation is back in the news after James's office recently announced it was "now actively investigating the Trump Organization in a criminal capacity" and that it would be working jointly with the Manhattan district attorney's office on the matter. It was acceptable for James to speak out as a private citizen and candidate but, like Whitaker, she should be accountable for her prior comments and consider recusal from a matter she publicly prejudged and inherited. Whitaker, by the way, did not recuse himself from the Mueller investigation. That was a bad call. And the last thing James should do is follow the precedent set by Whitaker.

In the criminal justice system, prosecutors have to be both objectively fair and perceived as objectively fair. One without the other is insufficient. Former President Trump has again seized on James's comments to argue that the investigation she shepherds is unfair. I doubt it is unfair. Indeed, it strikes me as precisely the type of investigation that ought to be conducted. But her prior remarks give rise to a perception of unfairness. Every good prosecutor knows just how important that perception is. ...


#20 | Posted by LampLighter at 2022-09-21 03:45 PM | Reply

TRUTHHURTS

I was thinking the same thing. Too much information. I heard a lot of bark but not much bite. I didn't like this at all.

Plus, was it really necessary for her to name every single staff member, one by one, by name, who was involved in their investigation.

I thought that was a really dangerous thing to do considering the death threats that Trump's cabal likes to throw around.

#21 | Posted by Twinpac at 2022-09-21 04:01 PM | Reply

there is just something weird about this.

Exactly! Certain facts, like the size of an apartment is easily determined. Banks and insurance companies have the means to do the type of investigation to verify certain claims made by Trump. I believe they choose not to. The next shoe to drop in this investigation should be of the banks and insurance companies that let Trump (and others?) get away with this type of fraud.

#22 | Posted by FedUpWithPols at 2022-09-21 04:29 PM | Reply

Background on Trump Organization Properties and Fraudulent Schemes (PDF)
ag.ny.gov

...
I. Fraudulent, Misleading Values of Properties and Other Properties Properties and other asset values and associated descriptions presented in the Statements of Financial Condition were fraudulent and misleading. Examples include:
[see PDF]

II. Financial Benefits Gained
The false and misleading Statements of Financial Condition were used to obtain and maintain favorable loans over at least an 11-year period. All told, the financial benefit realized from this scheme was approximately $250 million, including interest savings and transaction profits. Examples include:
[see PDF]
...


#23 | Posted by LampLighter at 2022-09-21 04:46 PM | Reply

Gee, why are people so confused. I know the Putin Pedophiles like Fishy & Turd are too stupid to learn and too feeble minded to understand. Even Trumps accountants said this back in February - www.forbes.com

The accounting firm that spent years preparing Donald Trump's taxes and helping put together his personal statements of net worth"told the former president last week that it is severing ties with him, and that ten years of Trump's balance sheets "should no longer be relied upon."

Take 2011, for example. Trump's statement of personal financial condition from that year, published by The Washington Post, is a sprawling, 22-page document filled with big numbers like $490,000,000 (the supposed value of his Trump Tower stake) and $1,314,600,000 (how much his golf courses and clubs were allegedly worth). But first, there's a two-page disclaimer from Trump's accountants at Mazars, warning that the CPAs "have not audited or reviewed the accompanying financial statement" and can't vouch for the accuracy of the numbers, which come from Trump.

In other words, for years Trump's accountants were willing to sign off on their famous client's numbers"but admitted that if you want to know what Trump is really worth, you might not want to look at his balance sheet at all. Capital One, which loaned Trump $160 million against his Wall Street skyscraper, apparently knew Trump's math didn't add up. According to recent legal filings by the New York attorney general, when Trump's chief financial officer, Allen Weisselberg, tried to refinance the loan from Capital One in 2015, he touted the $550 million valuation of the skyscraper on Trump's 2014 statement. The bank did its own analysis, which determined the building was worth $257 million. It declined to restructure the debt.

#24 | Posted by Enlightened at 2022-09-21 05:06 PM | Reply | Newsworthy 1

Oh, and you do realize this is about taxes...TRUMP was the one who put the numbers down that devalued his properties to get lower taxes. But, the Putin Pedophiles probably thinks the IRS does that. They are too stupid to live.

#25 | Posted by Enlightened at 2022-09-21 05:09 PM | Reply | Newsworthy 1

Trump's not worried. He's going to get a lot of fundraising out of this.

#26 | Posted by Twinpac at 2022-09-21 05:31 PM | Reply

"Oh, and you do realize this is about taxes..."

Right now this is about fraud. That's why his pleading the 5th 400-500 times can and will be used against him. And this is a shot across the bow. And the real pain will come if the IRS determines he evaded his taxes with this mega fraud on banks. Tax evasion is a federal crime. And it's the easiest way to put away mob bosses like Trumpy.

#27 | Posted by donnerboy at 2022-09-21 06:50 PM | Reply

@#27 ... Tax evasion is a federal crime. And it's the easiest way to put away mob bosses like Trumpy. ...

Al Capone Convicted On This Day In 1931 After Boasting, They Can't Collect Legal Taxes From Illegal Money' (2020)
www.forbes.com

...On this day in 1931, Al Capone was found guilty of tax evasion. The gangster who had reportedly boasted, "They can't collect legal taxes from illegal money" was sentenced to 11 years in prison for failing to file tax returns. ...

#28 | Posted by LampLighter at 2022-09-21 07:05 PM | Reply

#7 | Posted by fishpaw

LOL!

Ol' fish-boy pretending to understand any of this is funny.

#29 | Posted by Angrydad at 2022-09-21 07:58 PM | Reply

My favorite headline for this story is:

"Trump Crime Family Indicted"

It's the Headline that America Deserves after years of putting up with the Trump Mafia and their Q-ball dupes... who are now out rigging elections for them as we speak.

#30 | Posted by Corky at 2022-09-21 08:45 PM | Reply

@#30 ... It's the Headline that America Deserves after years of putting up with the Trump Mafia ...

Here in the NYC media market, the TV stations' news has been talking of [private citizen] Trump escapades for decades. ( drudge.com scroll down to message #14 ).

There is a reason why the Republican town of Greenwich, CT (home of The Wealthy[1] here in CT and one of the wealthiest towns in the country) voted against candidate Trump twice, when they usually vote for Republican presidents. Being part of the NYC media market, the Greenwich Republicans knew full well that which was candidate Trump.


1 - Greenwich, Connecticut (Wealth) - https://en.wikipedia.org/wiki/Greenwich,_Connecticut#Wealth

... Greenwich is home to two of the wealthiest zip codes in Connecticut, 06830 and 06831, with average adjusted gross incomes of $638,560 and $721,550 ...


#31 | Posted by LampLighter at 2022-09-21 09:14 PM | Reply

"AGs need to stfu until they indict."
#19 | POSTED BY TRUTHHURTS

An indictment is criminal. This is a civil case. DUMBFUQ.

#32 | Posted by LegallyYourDead at 2022-09-21 11:48 PM | Reply | Newsworthy 2

TRUTHY

"AGs need to stfu until they indict."

I assume you mean when the federal indictments are officially announced by the SDNY and the IRS.

#33 | Posted by Twinpac at 2022-09-22 06:25 AM | Reply

Must be a whole lot of really rich people in NYC really angry with the Trump family. If they had kept their grift to manageable size, and if he hadn't called attention to himself by running for the White House, NYC might still be a wonderful place, for those who also use rich people's math to do their taxes and apply for loans.

#34 | Posted by Hughmass at 2022-09-22 07:02 AM | Reply

According to the lawsuit, the Trump Organization deceived lenders, insurers and tax authorities by inflating the value of his properties using misleading appraisals."
Are the lenders or insurers suing him?
Are they at least cooperating with the NY AG?

#10 | POSTED BY EBERLY AT 2022-09-21 01:57 PM | FLAG:
(CHOOSE)


As long as the payments are coming in, I doubt the banks cared much until this lawsuit was filed. I am pretty sure when this lawsuit dropped the legal departments of everyone he owes money to went into overtime mode assessing the ramifications of it. Most likely they had already started assessing their options when Mazars pulled back his 10 years worth of financial statements as unreliable. When the buildings are due to be refinanced I doubt you're going to see lenders lining up to finance him with the revelations of his CPA firm and this lawsuit.

The worst thing Don the con could have ever done is run for public office and be as bombastic -------- in office as he was. Being exposed as a low key criminal by the Cohen case and his testimony after dotard threw him under the bus along with recorded meetings with dotard was the kick off point for this. www.newyorker.com

Cohen turned over all his tapes to the FBI who would have supplied copies to NYAG www.usatoday.com

If he would have stayed out of the public eye and not made so many enemies, his crimes would have most like stayed hidden as long as he didn't trip up. However decades of getting away with low key criminal activities gives people a false idea that they won't get caught and the crimes grow ever bigger as they get complacent and arrogant that they are too smart to get caught.

A smart man doesn't have to tell you how smart he is.
An honest man doesn't have to tell you how honest he is.
A brave man doesn't have to tell you how brave he is.
A rich man doesn't have to tell you rich he is.

Trampy's entire cult of personality was built on lies. Lies that he is smart, rich, honest, brave, etc.

My father told me one life lesson that I pass on to everyone that wants to know.... "You don't have to remember the truth". The truth is the truth and lies will eventually fall apart.

#35 | Posted by Nixon at 2022-09-22 07:26 AM | Reply | Newsworthy 1

"Cohen turned over all his tapes to the FBI who would have supplied copies to NYAG"

David Corn
@DavidCornDC

A reminder: this case against Trump and his kids might never have materialized were it not for...Stormy Daniels.

That led to the criminal case against @MichaelCohen212, and Cohen's testimony helped lead to the probe of Trump's alleged fraud. #TheStorm

#36 | Posted by Gal_Tuesday at 2022-09-22 09:13 AM | Reply

35

Awesome response, Nixon.

Thank you.

#37 | Posted by eberly at 2022-09-22 09:24 AM | Reply

One aspect of white supremacy is infantilizing white adults like Trump's progeny as "children who didn't know any better," while demonizing Black children like Trayvon Martin & Tamir Rice as "mature villains looking for trouble."

Qasim Rashid, Esq.

#38 | Posted by tonyroma at 2022-09-23 08:44 AM | Reply

Trump University was dissolved due to blatant fraud.
The Trump Foundation was dissolved due to blatant, fraud.
It now appears the Trump Organization will eventually be dissolved, due to blatant fraud.
I think we may have averted the destruction of our democracy due to Trump's fraud, no thanks to many Republicans and essentially all MAGAts.
Time will tell.

#39 | Posted by anton at 2022-09-23 09:16 AM | Reply

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