Donald Trump's Plan to Save Mar-a-Lago Has One Glaring Problem.

Donald Trump's Properties Will Likely Be Auctioned Off, Attorney Says.
Donald Trump's properties will likely be liquidated and sold off at auction after a judge found he had committed fraud, New York's former assistant attorney general has said. Tristan Snell was speaking after a court found that the former president had massively inflated the value of some of his properties and ordered that some Trump companies involved be stripped of their corporate licenses. It's one part of Trump's ongoing civil fraud trial.
https://youtu.be/PWK10qQ2uec
https://www.newsweek.com/donald-trump-properties-auctioned-off-fraud-trial-tristan-snell-1832011
Donald Trump's Plan to Save Mar-a-Lago Has One Glaring Problem.
Donald Trump could put up several roadblocks to stop his Mar-a-Lago estate in Florida being auctioned off following a landmark New York fraud case, a real-estate attorney has told Newsweek.
Whether Trump can use Florida's tough home-protection laws to avoid an auction depends on whether Mar-a-Lago, which includes a private members' club, is considered Donald Trump's residence, something that is far from certain. Paul Golden is author of Litigating Constructive Trusts and a partner at New York law firm Coffey Modica. He spoke to Newsweek after a New York judge ordered that several Trump companies be stripped of their New York business licenses. This was in response to their fraudulent overevaluation of their properties, including the former president's Florida resort, Mar-a-Lago in Palm Beach.
https://www.newsweek.com/trump-florida-court-order-auction-1833390
Donald Trump's company will get a watchdog to ensure no fraud -NY judge
NEW YORK, Nov 3 (Reuters) - A New York judge on Thursday ordered that an independent watchdog be appointed to oversee the Trump Organization before a civil fraud case by the state's attorney general against Donald Trump's company goes to trial. The decision by Justice Arthur Engoron came in state Attorney General Letitia James' $250 million lawsuit accusing the Republican former president, his company and three of his children of over-valuing assets and Trump's net worth through a decade of lies to banks and insurers. Engoron called appointing a monitor "the most prudent and narrowly tailored mechanism to ensure there is no further fraud or illegality," citing "persistent misrepresentations" in Trump's statements of financial condition from 2011 to 2021.
https://www.reuters.com/legal/trump-organization-have-independent-monitor-judge-rules-2022-11-03/
Trump’s business empire topples: Trump’s fall from Forbes ‘long overdue’ against A.G.’s ‘solid case’
The judge overseeing Donald Trump’s civil fraud case issued an order requiring Trump disclose all business transactions. Meanwhile, Trump was dropped off the Forbes 400 list of America’s wealthiest people. Law professor Leah Litman and Investigative journalist Johnathan Greenberg join MSNBC’s Melissa Murray to discuss. Greenberg says the move from Forbes is “long overdue,” adding A.G. Letitia James has a “rock solid case.”
https://youtu.be/PXam4RY8oIY
THE FRAUD CLAUSE?
It’s fascinating to read the language in his company’s official documents and then hear how Mr. Trump talks about those documents. The company’s statements of financial condition that contained his exaggerations said that the assets and liabilities were valued using “various valuation methods,” and that “considerable judgment is necessary to interpret market data” and come up with the numbers. (whatever he wanted or needed at the time) The key phrase — the one Mr. Trump is relying on to get him out of trouble — came in the next sentence of the statements. It said that “the estimates presented herein are *not necessarily indicative* of the amount that could be realized upon the disposition of the assets or payment of the related liabilities.” (I added the emphasis.) To Mr. Trump, that disclaimer makes the statement useless to anyone who would want to do business based on it. He said it’s known in the business as the “worthless clause.” Trump said in his sworn deposition. “When you have the worthless clause on a piece of paper and the first — literally the first page you’re reading about how this is a worthless statement from the standpoint of your using it as a bank or whatever — whoever may be using it, you tend not to get overly excited about it. I think it had very little impact, if any impact on the banks.”
Donald Trump seemingly transferred Mar A Lago estate to his son before his arrest
IT APPEARS DONALD TRUMP MAY HAVE MERELY TRANSFERRED THE OWNERSHIP OF HIS MAR-A-LAGO ESTATE TO HIS SON NOT LONG BEFORE HIS ARREST, ACCORDING TO ONLINE PROPERTY RECORDS.
By BERNADETTE GIACOMAZZO
20:10 ET, Thu, Aug 24, 2023 | UPDATED: 12:04 ET, Fri, Aug 25, 2023 Donald Trump recently "sold" Mar A Lago, his beloved home in Florida, according to online property records. However, it seems the ownership did not, in fact, leave the Trump family's hands. Documents state the property is owned by an organization, and the owner of that organization is Donald Trump Jr. A copy of Donald Trump's booking sheet was made public by Fulton County Sheriff's office. The ex-president listed his address as 1100 S Ocean Blvd, Palm Beach, FL 33480. But, one property listing website reports the property was sold earlier this month for $422,000,000. Zillow, which claims to receive "information from the municipal office responsible for recording real estate transactions in your area", reports the property was sold on August 4, 2023. The site claims: "The information we provide is public information gathered from county records. Our parcel information, which outlines the lot on which a house sits, comes from various public sources, such as the county." A quick search of the website SunBiz, however, that the current owner of Mar A Lago is a company called Mar A Lago, Inc. The owner of the company, and its registered agent, is Donald Trump Jr., the ex-president's oldest son. While Junior has appeared as an agent of record for the corporation for quite a number of years, it's the appearance of the date of property transfer on Zillow - on August 4, just days before his arrest - that is raising eyebrows. Assuming Zillow's records are accurate this suggests that Trump merely transferred the asset into a corporation owned by his son. Donald Trump bought Mar-a-Lago in 1985 for $2 million and used the property as a residence until 1994 when he converted it into the Mar-a-Lago Club, a members-only club. The Trump family still has a private residence on the property. Transferring the ownership of the property to his son is not illegal, and there is no suggestion Trump has done anything wrong in the case that he has given the property to Donald Trump Jr.
https://www.the-express.com/news/us-news/109786/donald-trump-mar-a-lago-ownership
'Death blow': George Conway on NY civil fraud trial and Trump's businessman image 'crashing down'
https://youtu.be/Uy2CSXqfCNs

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