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NY Judge Claims Trump Defrauded Banks, Insurers

NY Judge Claims Trump Defrauded Banks, Insurers

(ConcernedPatriot.com) – On Tuesday, a judge in New York declined to dismiss the case filed by NY Attorney General Letitia James against President Trump.

On Tuesday, Judge Arthur Engoron decided that Trump and Trump Org. are accountable for fraud. On October 2, a non-jury trial gets underway.

AP stated:

“A judge has ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House.

Judge Arthur Engoron, ruling Tuesday in a civil lawsuit brought by New York’s attorney general, found that the former president and his company deceived banks, insurers, and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing financing.

Engoron’s ruling, in a phase of the case known as summary judgment, resolves the key claim in James’ lawsuit, but six others remain.

Engoron is slated to hold a non-jury trial starting Oct. 2 before deciding on those claims and any punishments he may impose. James is seeking $250 million in penalties and a ban on Trump doing business in New York, his home state. The trial could last into December, Engoron has said.”

Letitia James, the attorney general of New York, claimed earlier this month that Trump had inflated his net worth by billions of dollars to get loans, receive insurance benefits, and evade taxes.

In the court petition, Letitia James claimed that between 2011 and 2021, Trump had exaggerated his net worth.

According to an earlier analysis, Trump may have undervalued his holdings.

September saw the announcement by Letitia James of a lawsuit against the family of former President Donald Trump.

Attorney General James has been looking into potential inflating of the valuations of some of the Trump Organization’s properties.

As stated by Letitia James, the office’s goals are to:

  • Make Trump pay $250 million.
  • Ban the Trumps from running NY businesses for good.
  • Ban Trump and Trump Org from buying commercial real estate in NY for 5 years.
  • We’re making a criminal referral to the US Department of Justice.

“Trump unlawfully inflated and deflated his net worth by billions to obtain and satisfy loans, receive insurance benefits, and pay lower taxes, with the assistance of Donald Jr., Eric, Ivanka, and other defendants. To put it succinctly, he lied to enrich himself greatly,” Letitia James stated in September.

“We discovered that on his yearly financial statements, Trump, his family, and the Trump Organization utilized false and deceptive asset assessments more than 200 times over the course of ten years,” she continued.

“These statements were then used to secure insurance coverage and loans totaling hundreds of millions of dollars,” she added.

The Trump family has been subjected to harassment by Letitia James precisely as she had said she would.

Following her election in November 2018, Letitia James started threatening and swearing at President Donald Trump immediately.

The Trump witch hunt continues.

Copyright 2023. ConcernedPatriot.com

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Hunter Biden Caught RED HANDED Lying Under Oath

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House Republicans have detonated a political bombshell, exposing the brazen corruption and arrogance of the Biden family. They have unveiled indisputable evidence proving that Hunter Biden lied under oath multiple times during his congressional deposition earlier this year. This scandal epitomizes the Biden Administration’s systemic corruption and disregard for the rule of law.

The House Ways & Means Committee convened a crucial session on Wednesday to discuss documents protected under IRS code 6103, a section of the tax code designed to keep sensitive information confidential. The committee’s decision to release this material, despite the severe legal ramifications, underscores the gravity and urgency of the situation.

“Hunter Biden has once again demonstrated his belief that there are two systems of justice in this country – one for his privileged family and one for everyone else,” House Ways & Means Committee Chairman Jason Smith thundered to Fox News Digital. “Not only did Hunter Biden brazenly refuse to comply with his initial subpoena until threatened with criminal contempt, but he also had the audacity to lie before Congress. This investigation and the documents released today are not about a personal vendetta against Hunter Biden; they are about ensuring the equal application of the law in a system that his family seems to believe they are above.”

Smith revealed that the documents show Hunter Biden lied at least three times during his deposition. “Lying during sworn testimony is a felony offense that the Department of Justice has prosecuted numerous individuals for in recent years, and the American people demand the same accountability for the son of the President of the United States,” Smith declared. “Hunter Biden’s lies under oath and obstruction of a congressional investigation into his family’s blatant corruption cast a shadow over his entire testimony. The newly released evidence confirms, beyond a shadow of a doubt, that the only witnesses who can be trusted to tell the truth in this investigation are the IRS whistleblowers.”

The committee asserts that Hunter Biden mischaracterized his role at his firm, Rosemont Seneca, and actually controlled bank accounts he denied having under oath. Emails between Hunter Biden and his former associate Devon Archer show he helped a man named Miguel Aleman with visa documents, directly contradicting his testimony. Furthermore, WhatsApp records reveal that Hunter Biden only spoke with one Zhao — Henry Zhao of Chinese energy firm CEFC — debunking his claim of a mistaken identity due to intoxication.

In one explosive WhatsApp message, Hunter Biden blatantly leveraged his father’s position, telling a Chinese business associate from CEFC that he and his father would ensure “you will regret not following my direction.” Hunter Biden demanded a $10 million wire for his joint venture with CEFC, SinoHawk Holdings.

“I am sitting here with my father, and we would like to understand why the commitment made has not been fulfilled,” Hunter Biden told Henry Zhao, the director of Chinese asset management firm Harvest Fund Management. “And, Z, if I get a call or text from anyone involved in this other than you, Zhang, or the chairman, I will make certain that between the man sitting next to me and every person he knows and my ability to forever hold a grudge, you will regret not following my direction.” Zhao responded, “CEFC is willing to cooperate with the family.”

Hunter Biden has been charged in two separate jurisdictions stemming from Special Counsel David Weiss’ years-long investigation into him. He pleaded not guilty to federal gun charges in U.S. District Court for Delaware and federal tax charges in the U.S. District Court for the Central District of California. The charges include making false statements during the purchase of a firearm, related to information required to be kept by a licensed firearm dealer, and possession of a firearm by a person who is an unlawful user of or addicted to a controlled substance.

IRS whistleblowers Gary Shapley and Joseph Ziegler approached Congress, alleging that prosecutorial decisions in the federal investigation into the president’s son were influenced by politics. They claimed Weiss allowed the statute of limitations to expire for tax charges against Hunter Biden from 2014 and 2015 in D.C., and Hunter Biden should have been charged with tax evasion for 2014 and for filing false tax returns for 2018 and 2019, particularly concerning income from Ukrainian natural gas firm Burisma Holdings. Fox News Digital reported in December 2020 that Hunter Biden failed to report “approximately $400,000” in income from his position on Burisma’s board in 2014.

The American public is fed up with a system rigged in favor of the powerful and well-connected. This is a direct assault on the integrity of our justice system. The time for accountability is now. Hunter Biden and his family’s blatant disregard for the law cannot be tolerated any longer. The American people demand justice.

 

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POLL: Does Hunter Biden belong in prison?

 

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Biden’s Reckless Election Stunt: Draining Strategic Reserves to Lower Gas Prices

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In a desperate and ill-advised move, the Biden administration announced on Tuesday that it is releasing 1 million barrels of gasoline from a Northeast reserve established after Superstorm Sandy, ostensibly to lower prices at the pump this summer. This blatant attempt to manipulate gas prices ahead of the election underscores the administration’s willingness to jeopardize national security for political gain.

The gasoline will be sold from storage sites in New Jersey and Maine in increments of 100,000 barrels, creating a competitive bidding process to ensure it reaches local retailers ahead of the July 4 holiday. The Energy Department claims this will help “lower costs for American families and consumers,” but the real intention is clear: to curry favor with voters by artificially lowering gas prices.

The release follows a congressional mandate to sell off the 10-year-old Northeast reserve and close it. This reserve, established under President Obama, has never been used and costs about $19 million a year to maintain. Its sale, which provides only minimal relief during a severe shortage, highlights the administration’s short-sightedness and disregard for strategic planning.

Gasoline prices average about $3.60 per gallon nationwide, up 6 cents from a year ago, according to AAA. Tapping into the gasoline reserves is one of the few actions a president can take to control inflation, a major election year liability for the party in power.

Energy Secretary Jennifer Granholm stated that the Biden administration is “laser-focused on lowering prices at the pump for American families.” However, this short-term solution ignores the primary purpose of strategic reserves: to provide emergency relief in times of severe national crises, not to manipulate market prices for political benefit.

White House Press Secretary Karine Jean-Pierre touted this release as part of Biden’s efforts to lower gas and energy costs, including historic releases from the Strategic Petroleum Reserve (SPR) and investments in clean energy. Yet, Biden’s previous decision to drain the SPR in 2022, following Russia’s invasion of Ukraine, already pushed the stockpile to perilously low levels not seen since the 1980s. This reckless depletion of a critical national security asset for short-term political gain drew sharp criticism from Republicans.

Despite attempts to refill the SPR, it still stands at over 367 million barrels, significantly lower than pre-Russia-Ukraine war levels. This makes the U.S. vulnerable in the event of a true energy emergency, as the SPR is intended to be the nation’s emergency oil supply, not a tool for electioneering.

The release of the 42-million-gallon Northeast reserve, which must be transferred or delivered by June 30, is a misguided strategy that offers minimal impact on gasoline prices nationally. As analyst Patrick De Haan from GasBuddy points out, the reserve amounts to just 2.7 hours of total U.S. gasoline consumption, providing negligible relief.

This ill-conceived plan not only undermines the strategic purpose of the reserve but also sets a dangerous precedent of using emergency resources for political maneuvering. Biden’s actions highlight a disturbing trend of prioritizing political optics over national security and long-term stability.

 

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POLL: Is Biden trying to manipulate the election results by putting America at risk?

 

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Biden Authorized “Deadly Force” In Mar-a-Lago Raid

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In an alarming display of federal overreach and political maneuvering, it has been revealed that Joe Biden’s administration was prepared to have his main political rival, Donald Trump, and his family killed as part of a dramatic publicity stunt.

On Tuesday, Judge Aileen Cannon unsealed a series of motions related to Jack Smith’s controversial classified documents case against Trump. Among the shocking revelations was the fact that Biden’s FBI authorized the use of deadly force during their raid on Mar-a-Lago in August 2022.

This brazen action by armed FBI agents, ready to confront Trump, demonstrates the extreme lengths to which Biden’s administration is willing to go. The filing stated: “Should FPOTUS [Trump] arrive at MAL [Mar-a-Lago], FBI MM EM and OSCs will be prepared to engage with FPOTUS and USSS Security Team.” Furthermore, it added, “Should USSS provide resistance or interfere with FBI timeline or accesses, FBI MM EM will engage with [redacted] and [redacted] will engage with USSS POC’s per existing liaison relationships.”

A chilling screenshot of the deadly force instructions outlined the conditions under which DOJ law enforcement officers could use deadly force: only when necessary, when the officer has a reasonable belief that the subject poses an imminent danger of death or serious physical injury.

This unprecedented move comes after Biden paved the way for his Justice Department to arrest his political opponent by retroactively revoking Trump’s executive privilege. This revocation facilitated the subpoenaing of Trump, which in turn allowed the Justice Department to charge him with federal crimes.

Following the subpoena, federal agents arrived at Mar-a-Lago, retrieving documents and instructing the former president to add an extra lock to his storage locker. However, two months later, the FBI conducted a full-scale raid on Mar-a-Lago, ransacking Trump’s belongings without allowing his lawyers to be present.

The situation escalated when, in November 2022, Jack Smith was appointed special counsel to investigate the documents at Trump’s Florida residence. By June 2023, Trump faced an indictment on 37 counts related to Smith’s classified documents case, including charges of willful retention, conspiracy to obstruct justice, and making false statements.

This entire episode underscores the alarming extent of Biden’s politicization of the Justice Department and the dangerous precedent it sets for using federal power to target political opponents.

 

POLL: Is Biden turning the Justice Department into political goons?

 

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