Posted on Feb 26, 2024

Real estate investor to 'immediately discontinue' working in NYC over Trump verdict, eyeing...

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Looks like Trump’s fine s going to prove a big negative for New York. Law fare is terrible and needs to end! Kevin O’Leary has also issued a warning about increased risks of New York real estate development.

Real estate investor to 'immediately discontinue' working in NYC over Trump verdict, eyeing...

Posted from foxbusiness.com

Posted in these groups: Courts of New York Imgres

Law

Posted 9 mo ago

Responses: 3

LTC Kevin B.

Posted 9 mo ago

I suppose if a state has demonstrated that it won't allow someone to cook the books as a means to pad their bottom line at other people's expense, they probably should look elsewhere to invest their money.

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LTC David Brown

9 mo

LTC Kevin B. - The loan officer for the bank said they did their own evaluations. The forensic account said there was no fraudulent book keeping. Engoron didn’t seem to know the difference between tax appraisals and property value.I guess if Engoron suggests a lobotomy you’re up for it?

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LTC Kevin B.

9 mo

LTC David Brown - Judge Engoron has access to far more factual evidence and expert testimony than you. So yes, I defer to his many years of legal expertise and courtroom experience over someone who is a keyboard lawyer.

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LTC David Brown

9 mo

LTC Kevin B. - Judge Engoron maybe of the charts when actual bankers and forensic accounts counter Engoron’s claims. Other developers say Trump’s practices were standard. Then these people point out that Hochul is trying to calm fears and recognizes the BS finding and penalty may set a precedent for other developers.

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LTC Kevin B.

9 mo

LTC David Brown - "It's standard practice" is not a defense. Plus, if developers are scared away because they think the risks are too high (due to people being forced to obey the law), then they should invest elsewhere. Finally, the fact that this guy wasn't even investing in NY prior to this is evidence that he is simply being political. If it was profitable before Trump was busted, why wasn't he doing business there?

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