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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.”

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“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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