XPost: alt.news-media, alt.fan.rush-limbaugh, talk.politics.guns
XPost: sac.politics, talk.politics.misc

https://nypost.com/2024/03/27/real-estate/jon-stewart-found-to-have- overvalued-his-nyc-home-by-829/

Jon Stewart is facing online backlash after the comedian opined on air
this week that Donald Trump’s civil real estate case for overvaluing his properties was “not victimless” — when it turns out the price of a
previous home sale finds Stewart doing the exact same thing, The Post has learned.

On Monday night, Stewart, 61, unpacked Trump’s $454 million appeal bond, calling out experts framing the former president’s New York civil case as
not causing direct harm to any individual.

“The Daily Show” host rolled a clip of CNN’s Laura Coates interviewing
“Shark Tank” star Kevin O’Leary, who commented that the ruling didn’t “go
over well” with the real estate industry that was now fretting over the possibility of becoming the next target.

Coates responds to O’Leary by highlighting that Trump was found liable for falsifying business records in the second degree, issuing false financial statements, insurance fraud and conspiracy, all due to asset inflation.

“Everything that you just listed off is done by every real estate
developer everywhere on Earth in every city. This has never been
prosecuted,” O’Leary replied.

In response, Stewart asked: “How is he not this mad about overvaluations
in the real world?”

“Because they are not victimless crimes,” he said.

To further his point, Stewart argued that “money isn’t infinite. A loan
that goes to the liar doesn’t go to someone who’s giving a more honest evaluation. So the system becomes incentivized for corruption.”

Stewart also contended that failing to declare a higher market value on a property, while paying taxes based on a lower assessed value, constitutes fraudulent behavior.

“The attorney general of New York knew that Trump’s property values were inflated because when it came time to pay taxes, Trump undervalued the
very same properties,” Stewart added. “It was all part of a very specific
real estate practice known as lying.”

In 2014, Stewart sold his 6,280-square-foot Tribeca duplex to financier
Parag Pande for $17.5 million. The property’s asking price at that time is
not available in listing records.

But according to 2013-2014 assessor records obtained by The Post, the
property had the estimated market-value at only $1.882 million. The actual assessor valuation was even lower, at $847,174.

Records also show that Stewart paid significantly lower property taxes,
which were calculated based on that assessor valuation price — precisely
what he called Trump out for doing in his Monday monologue.

Pande, who purchased the penthouse from Stewart, then resold the property
at a nearly 26% loss, according to the Real Deal — at just over $13
million — in 2021.

https://nypost.com/wp-content/uploads/sites/2/2024/03/Screen-Shot-2024-03- 26-at-4.33.48-PM.jpg?resize=768,983&quality=75&strip=all

Timothy Pool, a political commentator known for more right-leaning views, alleged on X that Stewart was being a hypocrite.

“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… Who did he
defraud?? I am SHOCKED,” he wrote.

“This is right in [Letitia James’] jurisdiction! I look forward to the
grand jury indictment,” a user quipped in response to the tweet.

Stewart’s reps did not respond to The Post’s request for comment.


Meanwhile, the New York assessor valuation on Stewart’s former penthouse
is the exact same citation method and metric that New York Attorney
General Letitia James used to value Trump’s private and personal
properties, and then sued him for inflating those assets.

This includes Trump’s Mar-a-Lago estate in Palm Beach, known as his main residence, which was assessed at only $18 million at the time. Real estate brokers had valued the property at 50 times more than that amount.

Same for his private 200-acre New York family estate in Westchester, which
was assessed between $30 million and $56 million.

Trump had valued the property, known as Seven Springs, at $261 million.

Last month, Manhattan Supreme Court Justice Arthur Engoron ordered Trump
to pay $355 million — and temporarily banned him from doing business in
the state — relying heavily on the assessed valuations of the properties
to determine the ruling.

The $454 million bond to appeal the ruling marks the highest bond ever
recorded in United States history against a single individual.


--
We live in a time where intelligent people are being silenced so that
stupid people won't be offended.

Durham Report: The FBI has an integrity problem. It has none.

No collusion - Special Counsel Robert Swan Mueller III, March 2019.
Officially made Nancy Pelosi a two-time impeachment loser.

Thank you for cleaning up the disaster of the 2008-2017 Obama / Biden
fiasco, President Trump.

Under Barack Obama's leadership, the United States of America became the
The World According To Garp. Obama sold out heterosexuals for Hollywood
queer liberal democrat donors.

President Trump boosted the economy, reduced illegal invasions, appointed dozens of judges and three SCOTUS justices.

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