On 5 January 2024, it was reported that the dishonest NYAG is now seeking $350 million in her lawsuit against former President Donald J. Trump.
Minor issue. The civil action for fraud has no victim -- those involved have testified that they were happy to have the business and were paid in full. The City has received the Property Taxes on its assessment of the properties. If the valuation was low then it was because of some level of incompetence in the City Assessor Office or because State Law requires one of multiple possible means of valuation that the NYAG now is declaring invalid. OR, she is declaring that corporations and lenders utilize the lower valuation method.
There are THREE common means of valuing a property:
1. Fair Market Value (What a willing buyer and willing seller agree is the value)
2. Capitalized Income (what the income generated is the equivalent of relative to fair market prevailing interest rates. NOTE, as interest rates go up, and income remains fixed, the valuation decreases.)
3. Replacement Value (The cost to rebuild the exact structure in the same location under prevailing construction costs.)
Then there is the added or diminished value associated with "Name Brand" or association with an individual or business. The Donald Trump Brand has a significant market value that was omitted from all the assessments of record.
The NYAG is corrupt and criminally applying the law in a way that, if applied as declared, would bankrupt every business in NYC. There is not a single business in the city that conforms to the basis being used by the NYAG. Failure of the NYAG to bring actions against all owners of commercial properties in the city underscores the fact that this action is, on her part, criminal.
The NYAG is trying to create publicity that will distract voters from Trump and have them stay home -- since there are no actions or promotions being made to enhance Biden.
The same is being done with the assertion that 6 January was an insurrection.
Video shows Capital Police peacefully escorting the demonstrators through the building. In contrast, the insurrection amendment targeted a VIOLENT attack on the nation and property -- one consistent with the BLM destruction of multiple communities across the nation. However, the same people attacking Trump have praised BLM for their destruction of private property. They have even gone on record as asserting there should be more such attacks on the citizens of the nation.
Basically, the Insurrectionists have taken over the nation and are striving to destroy it. Given the Israeli-Hamas action and the apparent support for Hamas being demonstrated by the UN, the world is headed for WORLD WAR THREE and a dictatorship by those who favor violence over peace.
Fortunately for the Boomer Generation, most of them will not be alive to see the war. It will be about a decade from now. By then, the NYAG and those supporting her will have destroyed America, so it isn't going to matter... beyond the nuclear bombs that will hit New Jersey, New York, and Washington DC.
