In a stunning twist of lawfare irony, New York Supreme\u2064 Court\u2064 Justice \u2063Arthur Engoron has committed the very same financial fraud that he accused former President \u200cTrump of: economic overvaluation. The difference is that Judge Engoron’s fraud\u2062 has \u200dreal victims – Trump, the\u2062 Trump organization,\u200c and the American people. On the other hand, Trump’s alleged fraud had \u200cno victims.<\/p>\n

You’re probably familiar with the \u200dbasic facts\u200b of \u200cthe Trump civil fraud case. New York\u200d Attorney General Letitia James, who campaigned on a\u200b Third World-esque platform targeting \u2063Trump, launched civil fraud proceedings \u200cagainst the \u2062Trump organization under a New \u2063York consumer protection statute. These laws are meant \u200bto\u2063 protect consumers from fraud in their transactions.<\/p>\n

James claimed that Trump overestimated the value of real estate \u200cand other assets used to secure commercial loans. She believed \u2063that even \u200clarge banks like Deutsche Bank needed her \u200bprotection in their loan business. However,\u2062 banks perform their own \u200cvaluations when lending, even for smaller amounts. They do more thorough estimates for larger loans.<\/p>\n

Now let’s talk about\u2064 Engoron, the man who ruled on \u200cthe\u2062 Trump case and committed financial\u200d fraud against Trump \u200cand America. Engoron had to draw certain \u2062conclusions based on undisputed evidence. There were \u2064no victims of Trump’s alleged fraud, and no losses resulted from it. The lenders who made the loans had performed their \u2062own valuations, were fully paid back, and made significant\u200c profits.\u200c They\u200c were satisfied with their business\u2063 with Trump and wanted to continue \u200bworking with him.<\/p>\n

Overvaluing Trump’s ‘Ill-Gotten Gains’<\/h2>\n
In a sane world, that would have been the end of it. \u2062But in Democrat-controlled\u200c New York, Engoron used\u2062 a rarely used form\u2063 of “equitable”\u200b relief called “disgorgement” \u2062to prevent Trump from keeping his alleged “ill-gotten gains.” Engoron then proceeded \u200cto overvalue \u200cTrump’s gains to an absurd extent, surpassing anything Trump was accused of.<\/p>\n
First, Engoron ordered \u200dTrump to disgorge $168 million in so-called interest payment “savings” that he supposedly gained from certain loans. Engoron claimed that Trump took advantage of lower interest rates<\/a>\u200d on recourse loans compared to non-recourse \u2063loans.<\/p>\n
<\/div>\n
Recourse loans provide more security for lenders \u2063and therefore have lower\u200d interest rates compared to non-recourse loans. Engoron’s calculation of \u2064disgorgement was based on a\u2063 false comparison between the two types of\u2063 loans,\u2062 resulting in a grossly overvalued amount.<\/p>\n
Engoron could have used a proper \u200deconomic analysis to\u200d calculate Trump’s alleged gains accurately. \u2062However,\u2064 doing so would have resulted in zero “ill-gotten \u200cgains”\u200c for Trump. The interest rates Trump obtained were based on\u2062 the \u200blenders’ own valuations, not Trump’s.\u200c Therefore, Engoron’s \u200b$168 million disgorgement calculation was falsely overvalued by the\u200b full amount.<\/p>\n
Fabricating Old Post Office Building Profits<\/h2>\n
Judge Engoron \u200balso ordered the\u2063 Trumps \u2064to disgorge approximately\u2062 $135 million in profits\u2064 from the acquisition, transformation, and sale\u200c of the Old Post Office property in Washington, D.C. Engoron based his order \u200bon the theory that\u200c without\u2063 alleged “ill-gotten savings on interest rates,” Trump wouldn’t have been able to invest in the project. However, this determination is also overvalued as Trump obtained no such savings. \u200cEngoron falsely inflated this portion of his disgorgement valuation by the full $135 million.<\/p>\n
Engoron’s analysis is economically absurd. His reasoning is \u200climited and fails to establish that Trump’s profits are “ill-gotten gains.” The loans may have helped Trump enter\u200c the deal, \u200dbut the\u200d profits were\u200d made through Trump’s creative transformation of the old\u200d post office building<\/a>. Loans alone don’t guarantee success.\u2063 Engoron’s \u200ddecision to \u200battribute all the profits to the loans is another improper and extreme overvaluation.<\/p>\n
Unlike Trump’s alleged overvaluations, \u200bEngoron’s financial manipulation has real victims – \u200dTrump, his family, \u200dand the Trump organization. But the\u200d harm \u200dgoes\u200c beyond that. \u200bMade during\u2063 an election\u200b year against a\u200c major party candidate<\/a>, Engoron’s ruling is a financial fraud on America.<\/p>\n
<\/div>\n
\t\t\t\t\t \t\t\t\t\t\t\t\t\t<\/div>\n
rnrn <\/p>\n
What negative consequences does\u2064 Engoron’s ruling have on \u200cTrump’s businesses \u2064and the American economy, and how does it set a dangerous precedent for future cases<\/h2>\n
Lued \u200bfigure.\u2062 Furthermore, Engoron did not\u200d take into account the fact that Trump had obligations and expenses associated with those loans, which would have significantly reduced \u2062any supposed savings.<\/p>\n
Second, Engoron ordered Trump\u2063 to disgorge an additional $25 million in\u2064 so-called\u2063 “fraudulent benefits” that\u200c he gained from certain brand licensing agreements. Engoron claimed that Trump overvalued the worth of his \u200cbrand,\u200b resulting in inflated royalty payments. However, Engoron \u2062failed \u2063to consider the subjective nature of brand valuation and the fact \u2064that many brand licensing agreements are negotiated between willing \u200dparties. It is not uncommon for well-known figures \u2064to receive large\u2064 royalty \u200bpayments for the use of their brand, and there \u200bis no evidence \u2063to suggest that Trump’s agreements were any\u200b different.<\/p>\n
In total, Engoron\u200c ordered Trump to disgorge a staggering $193 million based on his questionable and \u200doverinflated calculations. This is a blatant abuse of judicial power and a clear example of biased decision-making<\/a>. Engoron’s \u2062actions demonstrate a political agenda rather \u200cthan a commitment to justice and fairness.<\/p>\n
Not only does Engoron’s ruling unjustly harm Trump and his business interests, but it also has negative consequences for the American people. Trump’s\u2064 businesses employ thousands of individuals \u200cand contribute significantly to the economy. By imposing such excessive financial penalties, Engoron is effectively punishing\u2062 innocent employees \u2064and hindering economic growth<\/a>.<\/p>\n
Furthermore, Engoron’s ruling sets a\u2062 dangerous precedent for future cases. If judges are allowed to overvalue assets and impose exorbitant penalties based\u2064 on subjective interpretations, it undermines the integrity of our legal system. Justice should be based on facts\u200b and \u200devidence, not personal biases\u200d and \u200bpolitical agendas.<\/p>\n
It \u200bis clear that Engoron’s actions are a prime example of \u200bhypocrisy and abuse of power in the legal system. While\u2063 accusing \u2064Trump of financial fraud, Engoron himself \u2063has \u200dengaged in the very same \u200cmisconduct. His overvaluation of\u2063 Trump’s assets and his unjustified disgorgement orders reveal a lack \u200cof integrity and impartiality.<\/p>\n
It \u200bis crucial for the American people \u2064to be \u200baware of\u2063 the injustices carried out by individuals \u200bin positions of power. Engoron’s ruling not only\u200c targets Trump but also undermines the\u2064 principles of fairness and justice that our\u200b legal system \u2064should uphold. It \u2064is a stark reminder that the pursuit of justice should not be clouded \u2063by personal biases or political\u200d motivations.<\/p>\n
In conclusion, New York Supreme Court Justice Arthur\u2064 Engoron’s \u2063ruling in the Trump civil fraud case is an egregious example of hypocrisy\u200c and abuse of power.\u200b By overvaluing Trump’s assets and imposing excessive financial penalties, Engoron has \u2064shown a clear\u200d bias and a \u2063disregard for justice. His actions not only harm Trump and his business interests\u2064 but also have \u200dnegative consequences for the American people. It is\u200b essential for the integrity of our legal system that such\u200b injustices are brought\u200d to light and\u200b rectified.<\/p>\n","protected":false},"excerpt":{"rendered":"
New York Supreme Court Justice Arthur Engoron, in a twist of lawfare irony, replicated the financial fraud he accused former President Trump of: economic overvaluation. However, unlike Trump’s alleged fraud, Judge Engoron’s actions have tangible victims – the Trump organization, Trump himself, and the American public<\/p>\n","protected":false},"author":2785,"featured_media":2184547,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/thefederalist.com\/wp-content\/uploads\/2024\/02\/48064047178_b438776b61_k-e1708639241602.jpeg","fifu_image_alt":"","footnotes":""},"categories":[546],"tags":[],"class_list":["post-2184546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-federalist"],"fifu_image_url":"https:\/\/thefederalist.com\/wp-content\/uploads\/2024\/02\/48064047178_b438776b61_k-e1708639241602.jpeg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2184546","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2785"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2184546"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2184546\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2184547"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2184546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2184546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2184546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}