In October 2023, CNN ran a free fact sheet for Democrats about the value of Donald J. Trump's Mar-a-Lago after an overzealous and partisan hacking incident in which Manhattan Judge Arthur Engoron falsely claimed it was worth only $18 million. Confirmation has been performed.
The so-called 'fact check' claimed by CNN on October 3, 2023 is as follows.
“The court has now agreed that Mar-a-Lago is worth 50 to 100 times what Mar-a-Lago is worth,” former President Donald Trump claimed on social media Tuesday before appearing in court for the second day of his civil fraud trial in New York. . ” New York Attorney General Letitia James put $18 million on it.
Trump therefore argued that the court agreed that the Florida real estate was worth between $900 million and $1.8 billion.
Facts first: Trump's claims are false. There was no such agreement in court. Judge Arthur Engoron and lawyers from James' office did not support arguments in court Monday by Trump lawyers that Mar-a-Lago could be sold for more than $1 billion.
In Engoron's decision last week finding Trump liable for the fraud, he wrote, “From 2011 to 2021, the Palm Beach County Assessor assessed the market value of Mar-a-Lago between $18 million and $27.6 million.”
He also noted that the property was subject to significant land use restrictions, and Trump's financial statements, which valued Mar-a-Lago from 2011 to 2021 at roughly $426.5 million to $612.1 million, “It is materially false and misleading,” he wrote. Please do not reflect these restrictions.
Trump lawyer Alina Habba responded to this conclusion in court Monday, saying, “We have experts, reputable experts, who say properties like Mar-a-Lago are worth over $1 billion, $1.5 billion, and I assure you that do. “There are people who would buy that property, that wonderful property, for over a billion dollars.”
Trump and his team are entitled to argue that the judge's analysis is inaccurate. But Trump himself was wrong to claim that the judge agreed in court that Mar-a-Lago was worth much more than his financial statements claimed. The judge didn't do that.
Engoron again noted in court Monday that there are “substantial” restrictions on how the property can be used and said he “specifically said” in last week's decision that “I do not assess or appraise the value of the property.”
“Please stop telling me I valued it at $18 million,” he said. It was a tax invoice. Or something in that range. “There would have been a question of fact as to what that value was.”
But five months later, CNN's Erin Burnett appeared on her network in a discussion of how President Trump could potentially sell his real estate to meet the $454 bail obligation set by NY AG Letitia James, a self-described Trump hater. exposes a lie that has been pushed for months. . Suddenly and without explanation, CNN appears to have changed its mind about the actual value of Trump's Mar-a-Lago.
In an interview with Bess Freedman, CEO of luxury real estate firm Brown Harris Stevens, CNN host Erin Burnett said President Trump would buy a crazy $454 million offer from a Manhattan hacking group. We discussed how he could sell his property to meet bail requirements. Judge Arthur Engoron.
“It’s going to take at least 30 days to sell a property like this,” a luxury real estate expert told CNN host Erin Burnett, laughing about the financial plight of New York AG Letitia James, a top presidential candidate who is out on bail. Requirements. “But the Mar-a-Lago property you mentioned could potentially be something that sells quickly,” she said.
“I think it’s worth hundreds of millions of dollars,” Friedman told the CNN host.
The CNN host reacted excitedly to the prospect that President Trump would be forced to sell his home to meet his bond obligations: It’s literally writing a check.”
Mr. Freedman responded to his host's suggestion that selling Palm Beach's most luxurious real estate would be easy. “That's right. This means there may be a lot of people overseas who want to buy that property. I mean there's $150 to $200 million worth of real estate nearby, and Palm Beach is like the Nvidia of real estate. It just launched like a rocket. And do people want to live there? They've moved there so I think that's the best scenario if he's trying to sell quickly. “I would encourage that.”
And that's when the CNN host debunked the absurd presumption made to Mar-a-Lago by a bizarre partisan hack Manhattan judge that the left has been supporting for months. “Okay, that’s $240 million, but who knows? In this case, you know he's a desperate seller. I don't know what's going to happen this week because someone picked up the phone and called me. That’s still half of what’s expected,” Barnett said.
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CNN now acknowledges that Mar-a-Lago is worth “hundreds of millions” rather than $18 million.
Unreal.
— Benny Johnson (@bennyjohnson) March 21, 2024
In a Truth Social post this morning, Trump shocked the left, which had been choking a bit in anticipation of a hard-working, successful businessman and his family being forced into liquidation. Trump announced that he currently has $500 million in cash. Secure his bail.
President Trump’s Truth Social message begins, “Through hard work, talent and luck, I now have nearly $500 million in cash, much of which I intend to use on my presidential campaign.”
Through hard work, talent, and luck, I now have nearly $500 million in cash, much of which I intend to use on my presidential campaign. The often overturned political hack judge on the rigged and corrupt AG case where I did nothing wrong knew this and wanted to take it away from me, and that's how and why he came up with the shocking numbers combined with his crazy antics. Interest demand is approximately $454,000,000. I didn't do anything wrong except I didn't expect to win the 2016 election. We did much better in 2020, and now have an even bigger lead going into 2024. This is American communism!
On President Trump's campaign page, where he reminds Americans that he has done nothing wrong, he asks his supporters to: donation Join his campaign and help him raise the money he needs to win the upcoming November 2024 election. The left is using every tactic in the book to destroy him, destroying our chance to take America back from those who want to turn it into something we no longer recognize. He will need the financial support of his followers more than ever.
The left thinks that if they bury me with enough witch hunts and threaten my family and colleagues, I will eventually throw up my hands and give up the America First movement.
I will try to explain as clearly as possible.
I will never stop fighting for you.
As the never-ending witch hunt heats up, please help defend the MAGA movement.
The Shark Tank host and billionaire investor warns that the crazy ruling against President Trump will have a chilling effect on both American and foreign investors, who will refuse to do business in the United States for fear of a weaponized court system with the ability to enact retaliation. Against enemies.
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Kevin O'Leary:
“At this point we have absolutely nothing to do with Donald Trump.”
“This is an attack on America.”
“And I don’t know how you could look at it any other way.”
“I know a lot of investors who are completely uneasy about this.”
“No one is going to invest money to work in New Jersey… pic.twitter.com/IL9ZBFeD2h
— Wall Street Silver (@WallStreetSilv) March 21, 2024