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From the NY suit...
Posted on: September 21, 2022 at 12:37:59 CT
Gyro MU
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James said that Trump had falsely claimed that his apartment in Manhattan was more than triple its actual size as part of the fraud.
And the suit says Trump valued his Mar-a-Lago club property in Palm Beach, Florida, on the false premise that it sat on unrestricted property and could be developed for residential use, even though he allegedly knew that asset was subject to a slew of tight restrictions.
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.”
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That's not a tough case to make because it's all documentary. So if the underlying misdeeds are easy to prove, they'll need to show purposeful action, which shouldn't be that hard since the context of much of this is either to save money or to obtain access to money via loans.
And the suit says Trump valued his Mar-a-Lago club property in Palm Beach, Florida, on the false premise that it sat on unrestricted property and could be developed for residential use, even though he allegedly knew that asset was subject to a slew of tight restrictions.
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.”
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That's not a tough case to make because it's all documentary. So if the underlying misdeeds are easy to prove, they'll need to show purposeful action, which shouldn't be that hard since the context of much of this is either to save money or to obtain access to money via loans.
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From the NY suit... - Gyro STL - 9/21 12:37:59
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