To have jurisdiction, a court must have authority over the subject matter of the case. And, the property involved must be located in the area under the court's control.
If banks are granting loans, the issue is, who has oversight jurisdiction?
According to a CRS Report to Congress paper entitled: "Who Regulates Whom? An Overview of U.S. Financial Supervision Mark Jickling Specialist in Financial Economics Edward V. Murphy Specialist in Financial Economics December 8, 2010" The Federal Government has jurisdiction over bank activities.
On a more general search for who has jurisdiction over loans, we find statements like:
1. "The FDIC is the “appropriate Federal banking agency” as that term is defined in 12 U.S.C. § 1813(q)(2) with respect to the Bank, and the FDIC has jurisdiction over the Bank and the subject matter of this proceeding."
In his ruling, Judge Engoron found that Trump made false and misleading valuations for multiple real estate assets in statements to insurers and banks for years as he sought more favorable terms on insurance coverage and loans.
HUM? Real Estate is depreciable based on its book value. So Trump's taxes would reflect depreciation on either the stated value or a base value that appreciated to the stated value. BUT! That only applies to NYC tax filings, since the NYAG has no jurisdiction to bring a Federal IRS case. Moreover, the State Tax agency would be expected to be a part of the case -- since the overstated depreciation would lower the monies paid in taxes.
ALSO... That Tax Agency has the responsibility of verifying the values the depreciation is based on -- if Trump did lie, they failed to identify it and therefore are incompetent -- probably to the point that ALL real Estate owners in NYC have been defrauding the State. Valuations are, after all, set based on comparable properties, sales (willing buyer and seller), or replacement value/cost. Values can also be set based on income (the monetary equivalent of the funds needed to produce the income at prevailing interest rates).
It was alleged by the NYAG, and found by the court, that Trump inflated his true net worth in annual financial statements by billions of dollars.
In his decision, Judge Engoron wrote “In the defendants’ world: rent-regulated apartments are worth the same as unregulated apartments; restricted land is worth the same as unrestricted land; restrictions can evaporate into thin air; a disclaimer by one party casting responsibility on another party exonerates the other party’s lies.”
Of course, the apartment is just space and not the actual building -- therefore the value of the apartment is either the capitalized rent or the cost of the building it is in. The Judge is apparently unaware that regulated properties can be deregulated and zoning {restrictions on land use} can change at any time.
As pointed out by Trump’s lawyer Chris Kise, “[the Judge and NYAG] seeks to nationalize one of the most successful corporate empires in the United States and seize control of private property all while acknowledging there is zero evidence of any default, breach, late payment or any complaint of harm.”
Judge Engoron's ruling went outside his jurisdiction {and, valued a property in Florida and Scotland} and fraudulently claimed that Trump fraudulently valued his Mar-a-Lago club in Palm Beach, once by more than 2,000%, Trump Park Avenue and 40 Wall Street in New York City, his Seven Springs property in Westchester County, New York, and his golf course in Aberdeen, Scotland.
The Judge challenged the value of the spacious Trump Tower apartment. It should be noted that NYC Manhattan Studio Apartments {measuring about 500 square feet} currently sell for half a million dollars. So, $1,000 per square foot is the Manhattan baseline {example is from 29th Street & Third Avernue}. Trump's apartment as has been seen in many photographs, is large and ornate with Gold toilets and gold trim throughout. Thus the value is the square footage plus the trimmings.
Trump's attorney pointed out: "The Court ignored fully the Appellate Division mandate and basic legal, accounting and business principles. Without even conducting a trial, the Court substituted its own judgment for that of nationally recognized experts from the NYU Stern School of Business and beyond. More importantly, the Court disregarded the viewpoint of those actually involved in the loan transactions who testified there was nothing misleading, there was no fraud, and the transactions were all highly profitable.”
Based on this statement, and the Judge's ruling, those involved in the loan transactions on behalf of the loan institutions were guilty of wilful fraud in granting the loans. If the NYAG is honest (seriously doubted) she has a legal obligation to charge them with fraud. And, under RICO laws, seeing that they serve long prison terms.
Donald Trump Jr., wrote, “In an attempt to destroy my father and kick him out of New York, a Judge just ruled that Mar-a-Lago, in Palm Beach Florida, is only worth approximate ‘$18 Million dollars’ ”
It should be noted that the Judge failed to cite any expert testimony or opinion -- he pulled the numbers out of his or the NYAG's ass. Either way, she probably had an orgasm...
Note, that the Mar-a-largo property sits on 20 acres of land that is adjacent to, or in close proximity to, a vacant parcel of 2.3 acres valued at $200,000,000. Thus, the Mar-a-largo land alone would seem to be worth $2 BILLION. Then add the enormous structure that is a recognized National Historic Landmark. Yet a NYC Judge went outside his legal jurisdiction and authority to value the property at between $18 and $24 million -- or less than ten percent of the vacant land value and significantly less than the going rate for other residential and commercial buildings in immediate proximity to Mar-a-largo.
Of course, Trump is committing fraud. Mar-a-largo earns $20 MILLION a year. But is only worth $20 million -- according to the ruling of Judge Engoron. SO! Either Trump lies and overstates his Mar-a-largo income so he can pay more in taxes, or he's annually making a 100 percent return on the property. THAT IS ENGORON's ruling or ASSERTION. Someone who can make a 100% annual return on an investment is clearly not someone you want as POTUS...better to have someone who profits from bribes. Appearances indicate the Judge and NYAG agree.
It would appear that the Judge and AG are conspiring to interfere with the 2024 election and undermine the ability to have a free and open election. They are doing so by committing multiple ethical and criminal acts.
Not that it matters. The goal is to destroy America. Biden's adoption of Reagan's Open Border [policy is another step in the process and over a third of the nation agrees with their objective.
