Tag

Property Valuations

All articles tagged with #property valuations

"Northern Business Group Calls for Overhaul of Council Tax Bands"
politics2 years ago

"Northern Business Group Calls for Overhaul of Council Tax Bands"

The Northern Powerhouse Partnership is calling for an overhaul of council tax bands in England, arguing that the current system is unfair and in crisis. They are urging Chancellor Jeremy Hunt to commit to a national revaluation in the upcoming Budget, proposing changes such as higher bands for expensive foreign-owned properties to level the field between richer and poorer councils. The government has stated that it has no plans for a nationwide band revaluation, but the NPP insists that the current system needs to be made fairer before the next general election.

Trump's Financial Fraud Exposed: Trial Verdict and Warning from Letitia James
legalcivil-fraud2 years ago

Trump's Financial Fraud Exposed: Trial Verdict and Warning from Letitia James

Testimony has concluded in the civil fraud trial of Donald Trump and the Trump Organization, with the court set to hear closing arguments in January. The trial, brought by the New York Attorney General, alleges that Trump and his associates fraudulently inflated the value of his properties to obtain tax, loan, and insurance incentives. The trial has shed light on several key Trump properties, including Trump Tower, Trump Park Avenue, 40 Wall Street, the Trump International Hotel in Washington, DC, Mar-a-Lago, and Trump National Doral Golf Resort & Spa. The outcome of the trial could have significant implications for the Trump Organization and its future business dealings.

Trump's Real Estate Portfolio Exposed in Fraud Trial
legal2 years ago

Trump's Real Estate Portfolio Exposed in Fraud Trial

Testimony has concluded in the civil fraud trial of Donald Trump and the Trump Organization, with the court set to hear closing arguments in January. The trial, brought by the New York Attorney General, centers around allegations of fraud and deceptive business practices, with claims that Trump inflated the value of his properties to obtain tax, loan, and insurance incentives. The trial has shed light on several key Trump properties, including Trump Tower, Trump Park Avenue, 40 Wall Street, the Trump International Hotel in Washington, DC, Mar-a-Lago, and Trump National Doral Golf Resort & Spa. The outcome of the trial could have significant implications for the future of the Trump Organization.

Trump Trial Exposes Inflated Property Values, Fake Mansions, and Memory Loss Claims
politics2 years ago

Trump Trial Exposes Inflated Property Values, Fake Mansions, and Memory Loss Claims

The former controller of the Trump Organization, Jeff McConney, testified in a civil fraud trial that Eric Trump directed him to inflate the valuations of several Trump properties. Internal spreadsheets shown in court revealed notations by McConney indicating that Eric Trump instructed him in phone conversations about property valuations that later appeared on fraudulent financial statements. McConney testified that Eric Trump directed him to factor certain elements into the calculations, leading to inflated valuations of properties such as Seven Springs and the Trump National Golf Club Westchester. The trial has been marked by chaos, with former President Donald Trump attending and receiving a gag order after making false allegations. Allen Weisselberg, Trump's former CFO, is expected to testify when the trial resumes.

"Trump's $250 million civil fraud trial: 5 key takeaways and shocking revelations"
legal2 years ago

"Trump's $250 million civil fraud trial: 5 key takeaways and shocking revelations"

New York Attorney General Letitia James filed a $250 million civil fraud lawsuit against Donald Trump, accusing him of fraudulent business practices. A New York judge ruled that Trump committed fraud by inflating the value of his properties, leading to the cancellation of the Trump Organization's business certificates in New York. As the trial approaches, here are five key takeaways: Trump's lawyers face an uphill battle as the judge criticized Trump's business practices and appeared unconvinced by his depositions; the ruling could damage Trump's reputation as a successful businessman; Trump may appear in court as a witness; the trial could last for months due to the number of witnesses; and the outcome could be expensive for Trump, with potential financial penalties and restrictions on his business activities.

"Judge to Determine if Trump Property Valuations Were Fraud or 'Genius' in NY Supreme Court Hearing"
politics2 years ago

"Judge to Determine if Trump Property Valuations Were Fraud or 'Genius' in NY Supreme Court Hearing"

A judge is being asked to determine whether former President Donald Trump committed fraud or applied his "investment genius" when valuing properties higher than appraisers when applying for loans. The New York Attorney General's lawsuit accuses Trump and others of systematic fraud and seeks $250 million in damages. The attorney general argues that Trump purposefully misrepresented his wealth by billions of dollars. The judge heard arguments related to the attorney general's request and a motion from Trump's team to dismiss the case. The judge will issue rulings on both sides' requests and a separate matter involving sanctions against Trump's lawyers.