Trump criticizes New York case during recess, calls it disgraceful.
Former President Trump Takes Center Stage in New York Fraud Trial
Former President Donald Trump made a dramatic entrance into the courtroom for his civil fraud case in New York. He arrived at the last minute, captivating the press with his remarks and confidently facing the cameras. During a break in the proceedings, he delivered another speech, expressing his frustration with the trial.
“This situation is an absolute disgrace,” he exclaimed. “While murders are happening, we’re wasting time on this case. The banks have already been paid, and we didn’t even need the loan money. We built a successful company, and now we have to endure this.”
Trump claimed that a recent appeals court ruling favored him, dismissing “80 percent of the case.”
“And this judge refuses to acknowledge the ruling, which is very clear,” he stated.
The ruling (pdf) stated that the New York Attorney General had grounds to sue President Trump, but limited the case to transactions completed after Feb. 6, 2016, and claims accrued after July 13, 2014. Ivanka Trump was no longer a defendant in the case as she had stopped working for the Trump Organization in 2016.
President Trump’s legal team argues that this statute of limitations effectively dismisses the case. However, the Attorney General argues that the fraud falls within the statute of limitations.
“The appellate division ruled in our favor for 80 percent of the case,” President Trump confirmed during the break, consulting with his legal counsel. “The judge is biased and refuses to address it.”
Last September, the New York Attorney General sued President Trump after a three-year investigation, seeking $250 million in penalties and a ban on him and his adult sons from holding executive business posts in New York state. The judge’s recent pretrial summary judgment revoked Trump’s business certificates and ordered the dissolution of the Trump Organization and its related LLCs.
The judge estimates that the trial will last until late December.
Questionable Valuation?
President Trump referred to an article in The Sun, where Florida experts criticized the judge’s use of county assessor data to determine the value of Mar-a-Lago.
During the court proceedings, Justice Engoron clarified that he was quoting county assessor data, not personally valuing Mar-a-Lago at $18 million. He ruled fraud based on Trump’s failure to consider property easements.
Real estate professionals, such as John Pickett III, president of the Palm Beach Board of Realtors, and Eli Beracha, director of the school of real estate at Florida International University, criticized the use of county appraisal data as an inaccurate measure of value.
President Trump has consistently claimed that Mar-a-Lago is worth at least $1 billion.
He read from the article, which stated that the judge’s reliance on county appraisal data was a “misunderstanding” of real estate practices.
“This court is rigged,” Trump asserted. “The judge made a ruling without giving us a chance to testify.”
“I hope my lawyers fight hard,” he added.
President Trump is not expected to testify today as he is at the bottom of the prosecution’s witness list. However, he attended the trial’s first day to witness what he calls a “witch hunt” against him.
When asked why he decided to attend, he replied, “I want to see this witch hunt for myself. I’ve been targeted for years, but now it’s getting really dirty.”
What are the specific allegations against the Trump Organization in this civil fraud case?
P Organization.
The civil fraud case revolves around allegations that President Trump and his company, Trump Organization, misled investors about the value of their properties. It is claimed that the company inflated the value of its assets in order to secure loans and obtain favorable terms for insurance coverage. The case specifically focuses on transactions completed after February 6, 2016.
During the trial, President Trump expressed his frustration with the proceedings, highlighting what he believes to be a waste of time. He argued that the banks involved in the case had already been paid, and that the loan money was unnecessary as the company was already successful. He emphasized the ongoing challenges and the impact the trial has on him personally.
President Trump also cited a recent appeals court ruling that dismissed “80 percent of the case,” according to him. He claimed that the judge overseeing the trial refuses to acknowledge this ruling, despite it being clear. The ruling mentioned in the article limited the case to transactions completed after February 6, 2016, and claims accrued after July 13, 2014. Ivanka Trump, his daughter, is no longer a defendant in the case as she ceased working for the Trump Organization in 2016.
President Trump’s legal team argues that the statute of limitations effectively dismisses the case, while the New York Attorney General disagrees, claiming that the fraud falls within the statute of limitations. The disagreement over the interpretation of the statute of limitations is a crucial point of contention in the trial.
Regardless of the trial’s outcome, the implications for President Trump and his business are significant. The New York Attorney General seeks $250 million in penalties and a ban on President Trump and his adult sons from holding executive business posts in New York state.
The pretrial summary judgment handed down by the judge earlier revoked Trump’s business certificates and ordered the dissolution of the Trump Organization. This ruling has already had a notable impact on President Trump’s business interests and could potentially reshape his future endeavors.
The trial itself is receiving significant attention from the media and the public, as it involves a former president facing civil fraud charges.
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