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247
Jon Stewart found to have overvalued his NYC home by 829% after slamming Trump’s civil case as ‘not victimless’...🤭😎👌 (media.greatawakening.win)
posted 2 years ago by purkiss80 2 years ago by purkiss80 +247 / -0
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▲ 33 ▼
– HermitAu 33 points 2 years ago +33 / -0

"Did @jonstewart commit fraud when he sold his penthouse for $17.5M?

NY listed its market value at $1.8M an AV at around 800k"

NOPE Not fraud, this is money laundering, baby!

Overvaluing a property to receive a loan is one thing. Actually selling a property worth $1m for $17m?? Ha! It makes less sense than buying a Hunter Biden painting.

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▲ 12 ▼
– UpwardBound 12 points 2 years ago +12 / -0

Is it a crime to sell something to a fool who is willing to pay far more than the real value? Sure it may be unethical, but isn't value based on what someone is willing to pay for it?

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– deleted 8 points 2 years ago +8 / -0
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– Buttery 1 point 2 years ago +1 / -0

"writing it off on their taxes" doesn't negate the damage of a failed investment/gamble. Sure it will lead to them paying less taxes, as it did for Trump all the years where he paid little taxes, but I don't see it as anything more than a failure on the purchaser's part.

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– boataholic 4 points 2 years ago +4 / -0

An overpayment of 25% is a failure. When you overpay by multiples of the value it is a bribe, a payoff, or money laundering. Local politicians do this all the time.

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– MAGA_mandalorian 5 points 2 years ago +5 / -0

This is a good question ^^^ Wouldn't even be an issue if they didn't do it to Trump first. If you make the rules, you gotta die by them too kek

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– HermitAu 3 points 2 years ago +3 / -0

No, but surely anyone with that kind of money would be wise enough not to pay 14x the market value for a property. But it sure is a good way to shift money around.

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– Moosemeadow 1 point 2 years ago +1 / -0

The fool is the American public and the seller is the bi party Democratic and Republicans

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– pente1776 1 point 2 years ago +1 / -0

I don't have the juice to get a million dollar loan. But if I could show I and only I could buy Mar a Lago for $100,000,000. I could get a loan. What that judge did is the crime.

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– PhDinNY 7 points 2 years ago +7 / -0

There seems to be a regular scheme like this working in Dutchess County, NY. When selling our place, I would review the county parcel records, and I found many where there was a big up, then down fluctuation in the prices over a short time, and it wasn't due to the market or remodeling. My theory is that someone buys a place at the going rate, then sells it to someone they know for a lower price, and then that person sells at the going rate, with that difference being some kind of payback, without it appearing as a simple cash payment. I probably only reviewed a few dozen houses, but found this on 3 or 4. I wouldn't be suprised if it is mafia related. The other scheme I see is where a business does very well for years, and then goes out of business. I believe that is probably a way to keep profits without paying taxes, so that on paper, it appears the business isn't making much money. The other one is a business that you notice never has customers, yet goes on and on for years. I think this is where on paper, the business appears to be doing well, with taxes paid on the supposed profits, but of course, the "profits" are likely from illegal business such as drug sales. "Breaking Bad" showed this where a car wash was used to launder the drug money.

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– Island_Photo 1 point 2 years ago +1 / -0

Unless he got a kickback from the sale ...

Or perhaps he included something else in the sale...

Like maybe he included a set of luggage with tags providing full access to the Comet Pizza canned tomato archives?

Or perhaps New Mexican Ranch sauce archives?

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– Standingoak 1 point 2 years ago +1 / -0

Driving up property values artificially to expand the money supply by making new loans must make sense to someone. Then the really rich can buy the write off ,turn it back to the Banks and the Fed can cover.

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– americanjerky 14 points 2 years ago +14 / -0

If Jon Stewart really is making the argument that Trumps crime was not victimless, and that Mar-a-lago was really worth 18M, he is a fool and a shell of his former self.

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– deleted 16 points 2 years ago +16 / -0
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– LongTimeListener 10 points 2 years ago +10 / -0

He is the exact same death cult mouthpiece hes always been.

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– PeacemakerSlowAndLow 5 points 2 years ago +5 / -0

He's that either way.

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– purkiss80 [S] 3 points 2 years ago +3 / -0

He is...

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– pnwhomebrewer 1 point 2 years ago +1 / -0

He has always been one of them

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– Richard_Scrottum 12 points 2 years ago +12 / -0

John Stewart = Jonathan Stuart Leibovitz.

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– CheekyBastard 3 points 2 years ago +3 / -0

EVERY

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– deleted 1 point 2 years ago +1 / -0
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– CuriousLurker 2 points 2 years ago +2 / -0

https://m.imdb.com/name/nm0829537/bio/

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– MICHIGANisRED 8 points 2 years ago +8 / -0

"This entire thread is antisemitic, and therefore any information within should be ignored entirely. Jon is the victim here and you are the wrongdoer."

-some lib somewhere

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– BakasEverywhere 5 points 2 years ago +5 / -0

🤦‍♀️

Submitting fraudulent real estate prices in order to gain a larger loan from a lender is fraud.

Someone paying above listing price for your home is not fraud. Have you guys never seen a bidding war on a property? Remember how during the pandemic, people were paying stupid money, way above asking price for houses? People overpay for real estate all the time, and for some really stupid reasons sometimes. Some people will overpay just because the previous owner was famous or an idol of theirs. As long as the new buyers weren't given fraudulent information about the property (square footage, for example), then them choosing to overpay for a property is not fraud.

Before people get butt hurt about my post, let me clarify that I don't believe President Trump is guilty of anything. First of all, he has real estate lawyers and tax attorneys doing his loan papers and doing his taxes. If anyone did anything illegal, it was them. Second, what President Trump is accused of is what pretty much every large commercial real estate developer does, to one extent or other. They're simply singling President Trump out because of who he is.

Now, having said that, people really need to work on that whole "research" part of being an elite research board.

What Trump was prosecuted for was basically using two sets of books for the same property, depending on who that information was being given to. For example, when information was given to a lender for a loan, an apartment building would be said to have a high rate of occupancy, the square footage of the apartments would be increased, and the rent rates would be increased. That way he could get a higher loan.

But when information would be given to tax authorities, for the very same building, the occupancy rate would be lower, the rents would be lower, the square footage of the apartments would be lower. That way he could pay lower taxes.

THAT is what makes it fraud. Knowingly giving loan officers or tax accessors information that is not true in order to benefit from it. (Again, not saying Trump is guilty of anything. I personally couldn't care less if he never paid a penny in taxes in his life.)

But people need to understand the basics of what they're talking about. Especially if they're going to try to be redpilling anyone. Please don't make the entire group look ignorant.

Some of these posts are just mind bogglingly dumb sometimes.

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– enough_of_the_racism 2 points 2 years ago +2 / -0

None of that had ever been said that I have read. All that has been mentioned is the value of the properties. “Mar-A-Lago is worth $18 million and Trump said it was worth more.” And if a bank is relying on provided information, they would verify it. A bank doesn’t hand over millions of dollars based on what a borrower guesses their assets are valued at.

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– BakasEverywhere 1 point 2 years ago +1 / -0

What? That's what the entire case was about, the discrepancy between property values given to lenders vs tax authorities.

I don't know what, or how much you've been reading, but it's obviously not very much.

Here's an article that uses financial statements gathered through the FOIA to show the difference between numbers given for the same property to different officials.

https://www.propublica.org/article/trump-inc-podcast-never-before-seen-trump-tax-documents-show-major-inconsistencies

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– enough_of_the_racism 2 points 2 years ago +2 / -0

I don’t know why some people on here can’t just have an intelligent conversation without lobbing insults. I could easily do the same, but I won’t.

The article you provided doesn’t relate to the case at all. (Well, one sentence does.) Your article is an independent investigation by some group and they outlined all the things they found on the documents that they think is fraud. But in the whole thing, it only once mentions the trial we are talking about. And in the sentence, it mentions just the concern of inflating and deflating assets. Not overreporting or underreporting vacancy rates, rent rolls, or any of that. So your article further makes my point.

Here is the summary of the case, directly from the NY AG office. You’ll notice the only “crime” it mentions, including what Peek-A-Boo herself directly says, is about inflating the value of assets.

https://ag.ny.gov/press-release/2024/attorney-general-james-wins-landmark-victory-case-against-donald-trump

Might I make the friendly suggestion that in the future, instead of focusing on the volume of articles you read, you focus more on reading comprehension to better understand what you are reading.

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– BakasEverywhere 1 point 2 years ago +1 / -0

The article you provided doesn’t relate to the case at all.

Part of being well informed about something in the news is reading a wide variety of articles over the time period things are developing. If you keep up with news as it happens, it's easier to see how all the puzzle pieces fit together than it is to go back years later and then try to figure out what was going on.

So, if you had been paying attention to things as they were happening, you would see that this article was written after rumors and allegations of Trump committing real estate/tax fraud were wide spread. This article is the next logical step in the process of how news works. Investigating the allegations made. In large part to investigative journalism like this, the DA is made aware of possible crimes and uses that info (along with a ton of other stuff) to help determine if the DA's office should investigate it themselves. Lawsuits aren't just magically conjured for no reason from thin air.

So that is how this article relates to the case. It's one of the reasons the case even exists. It's absolutely exhausting having to spoon feed this stuff to people.

And in the sentence, it mentions just the concern of inflating and deflating assets. Not overreporting or underreporting vacancy rates, rent rolls, or any of that.

When they talk about inflating and deflating assets, who do you think those numbers are for? Where do you believe they got those numbers? How do you think they determine those numbers?

The article plainly says that they got this information from FOIA acts from forms/paperwork Trump's people gave to loan officers and forms/paperwork they gave to tax authorities.

The paperwork/forms that they're giving people are where you'll find the information on vacancy rates, rents rolls, and property information. That is how they determine the value of assets. How much people are paying to rent an apartment, if anyone is renting the apartment at all, and how large the apartment is has quite a bit to do with determining how much that apartment is worth. See how that works?

I'm not sure why you think this needs to be spelled out specifically in the article. In all the conversations I've had about this, and involving this article (and I've had many), this is the first time someone has not understood the basics of how the value of assets for commercial rental property is determined.

But it is absolutely precious that you're criticizing my reading comprehension here. Ironic, as well.

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– Buttery 2 points 2 years ago +2 / -0

I was surprised to see it on the NYPost. At least the top comment here is pointing out how it's not fraud, even if it's still pivoting to another theory without any evidence.

This comment should be stickied even if a bit harsh.

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– lithopedion 2 points 2 years ago +2 / -0

Agreed. Stickied and everything. Nobody fucking reads anymore and we look ACTUALLY retarded.

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– BakasEverywhere 1 point 2 years ago +1 / -0

You have no idea how refreshing it is to know that I'm not the only one seeing this or be bothered by this.

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– magglepuss 2 points 2 years ago +2 / -0

You can't be serious, a bidding war?? I sold my house 3 years ago, 30k over listing price. If they had offered me 6 million do you think I would take it? Of course not! It would be painfully obvious some kind of fraud was afoot.

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– BakasEverywhere 1 point 2 years ago +1 / -0

Ok, well, guess you just proved me wrong about how someone choosing to pay more than the seller is asking is fraud.

You should start calling around to all the DAs around the country telling them about the millions and millions of potential fraud cases they need to prosecute.

You're going to be famous for cracking this conspiracy. Congratulations!

🙄

Also, do you know what a Strawman argument is? If not, you should look it up. It might help you in the future when you're trying to prove someone wrong about something.

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– magglepuss 1 point 2 years ago +1 / -0

Ok, so now your just flat lying? I never said that paying more than asking price is fraud, and you know that. However, I believe you know how bidding wars work. But, since you may not, I will give you a break down.

Someone goes and looks at a house for lets say 465k. They really like the house and would want to live there. The house is listed fairly, but it is a sellers market. Your RA tells you they will get several bids on the house, so you decide to go as high in your range as you can. To win the bid, you go over by 7 or 8 %. What you don't do, if it is on the up and up, is offer 5 or 6 million for the property. If you had that kind of money to spend, you would be house hunting in a totally different neighborhood.

Bottom line, your analogy that someone overpaid by that much is simply a bidding war, is simply dumb. Most of us no longer buy these stupid cover stories.

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– BakasEverywhere 1 point 2 years ago +1 / -0

I wasn't saying that what was going on with Jon Stewart's situation was a bidding war. I brought up bidding wars on properties because it's something that happens regularly, many people are familiar with them, and is an example of when someone pays more than asking price for a property. It was an example to show that just paying above asking price is not fraudulent.

Remember when I said you should look up what a Strawman Argument is? This is why.

The original argument was that Jon Stewart received more for his house than he was asking for, and that was fraud.

When it's pointed out that no, it's not fraud to receive more than asking price for a property, you (along with others) are now stating or implying (with zero evidence) that Jon Stewart committed fraud by cooking up some scheme to get someone to pay too much so then they both benefit financially.

That's a Strawman argument. And it's simply just wrong.

People pay stupid prices for things all the time. Doesn't mean it's illegal. Super wealthy people tend to have different outlooks on things than the rest of us, so judging what they do by our own values just doesn't work.

I'd also look into how accurate the information is in this post about how much Stewart actually listed the apartment for, and how much was paid. The information provided here hasn't been all that confidence inspiring, and I wouldn't take it for granted that any of those numbers are right.

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– magglepuss 1 point 2 years ago +1 / -0

If you think that going from 1.8 million to 17.5 million is something the rich do all the time, and it's normal operating procedure, move along, nothing to see here, then I have a bridge to sell you.

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– BakasEverywhere 1 point 2 years ago +1 / -0

I didn't say they did it all the time. Just that it's not fraud to pay more than asking price. And, again, I'd double check the numbers before choosing this argument as your hill to die on.

Now, if you had some evidence that Stewart was involved in real estate or tax fraud, then that would be different. But saying that it's stupid to pay so much, or that your values don't match the buyers isn't evidence. It's just speculation and unfounded accusations.

Trying to minimize or deflect from someone else's actions (Trump's fraud conviction) by falsely accusing someone else of the equivalent (saying Jon Stewart was involved in fraud because someone paid more than he was asking for his real estate) is wrong on a couple of levels.

  1. It doesn't wash away the wrong doings of the first person. (Again, just a reminder that I don't personally believe Trump to have committed any wrong doing. I'm pointing out the flaws in the arguments logic.)

  2. What Stewart is accused of doing isn't even a fraud. What's worse, even after it's pointed out, several times, that it's not a fraud, you're still gnawing on that bone.

It just reeks of desperation to have to do so many mental gymnastics to try to make Stewart look like a hypocrite on this. It's no different than when liberals look for anything they can twist about Trump to make him look bad.

What do you think those people you're trying to redpill with these fallacy ridden arguments are going to do when you present them? From what I've seen, they're going to point out everything wrong with what you're saying, note that you're either unwilling or incapable of understanding basic facts (like how accepting a real estate offer that's over your asking price isn't fraud), and then question your judgement in everything you're telling them.

I'm trying to get people to realize that they're destroying any sort of credibility they might have when they make arguments like this.

I honestly believe that one of the main reasons we haven't won over anywhere near them number of normies that we should have by now is because we have people running amok out there making the entire Q community look ignorant because of things like this.

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– magglepuss 1 point 2 years ago +1 / -0

So now you're going to move the goalposts? You know darn well those numbers aren't normal operating procedures for rich people. So you change the argument to weather the numbers are true or not? It looks to me you believed those numbers when you so condescendingly tried to get us to buy that was a normal bidding war.

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... continue reading thread?
▲ 5 ▼
– Westiemom3 5 points 2 years ago +5 / -0

Evil fuckers

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– purkiss80 [S] 5 points 2 years ago +5 / -0

https://archive.is/mneHT

https://nypost.com/2024/03/27/real-estate/jon-stewart-found-to-have-overvalued-his-nyc-home-by-829/?utm_medium=social&utm_source=twitter&utm_campaign=nypost

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– SuckaFree 2 points 2 years ago +2 / -0

This is what these asshats don't understand about the valuation process when it comes to loans or sales: it's all relative to the amount the buyer or the loan company is willing to accept terms on. If someone "values" the property or item enough, they will pay ass loads of money for it. And the State gets it's cut from the proceeds, too!!! So everyone wins, right? Just logic alone should be enough to throw this case out, as well as throw Engoron and James out on their ears after seeing to it they're disbarred.

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– Buttery 1 point 2 years ago +1 / -0

The challenge is proving that someone was willing to pay that much at that time.

Jon Stewart didn't claim his property was worth 17 mill for leverage, he simply sold it for that amount.

If Trump sold one of his "overvalued" properties for the amount he claimed they're worth to pay for the bond, that would have been embarrassing for the prosecution.

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– solarsavior 2 points 2 years ago +2 / -0

I gave up on this assclown.

Watch this cringe fest. (you only have to watch a little to see how lefty attacky it is)

Interview with Oklahoma State Sen. Nathan Dahm | The Problem with Jon Stewart

https://www.youtube.com/watch?v=tCuIxIJBfCY

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– Brent75 1 point 2 years ago +1 / -0

Arrest him and seize his assets for cheating on his taxes!

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– pente1776 1 point 2 years ago +1 / -0

Das link Herr Wienerschnitzel

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– COLNE68601 1 point 2 years ago +1 / -0

https://www.mansionglobal.com/articles/netflix-producer-lists-manhattan-penthouse-two-months-after-purchasing-it-228073

Here's the Jon Stewart property. It has been bought and sold a couple times since then in the range of 13 to 15 million according to this article. Based on the photos and what others have been willing to pay for it, it appears the property is worth roughly what Jon Stewart was paid in 2014.

I'm wondering, how did Jon Stewart manage to get the property valued so far below it's actual value?? Seems like that would be some sort of fraud. Taxes would probably be much lower for starters.

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– deleted 1 point 2 years ago +1 / -0

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