By During Monday’s installment of The Daily Show, Jon Stewart, the host, took aim at experts who claimed that Trump’s civil fraud case in real estate had no victims. He questioned whether these experts would hold the same stance if faced with “overvaluations in the real world.”
The Post Millennial noted, “Stewart played a clip of CNN’s Laura Coates interviewing Shark Tank’s Kevin O’Leary, who said that the ruling in the case “didn’t go over well” with the real estate industry.
Coates responded that Trump had been found liable for falsifying business records in the second degree, issuing false financial statements, insurance fraud and conspiracy 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 responded.
Stewart quipped, ‘How is he not this mad about overvaluations in the real world? Because they are not victimless crimes,’ later adding, ‘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.'”
Jon Stewart was found to have overvalued his NYC home by 829%, here is Jon Stewart accusing Trump of "lying" for same action.
"Donald Trump shenanigans cost the city of New York." pic.twitter.com/vNLstEB2is
— The Post Millennial (@TPostMillennial) March 27, 2024
One person who appears to have no concern about being charged by Democratic Attorney General Letitia James for doing something similar to Trump is Jon Stewart.
The New York Post did an investigative report into Jon Stewart and looked into the comedian’s own property history, which “which shows his New York City penthouse sold for 829% more than its assessed value, records confirmed by The Post reveal.
In 2014, Stewart sold his 6,280-square-foot Tribeca duplex to financier Parag Pande for $17.5 million.
But according to 2013-2014 assessor records obtained by The Post, the property had the estimated market-value at only $1.882 million.
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.“
While Trump paid back his loans and the bank testified on his behalf to show that there was no victim in his case, it looks like Stewart’s move did end up costing someone big time.
The Independent noted that Parag Pande bought the home for $17.5m, selling it at a nearly 26 per cent loss for $13m in 2021.
The property’s asking price at that time is not available in listing records.”
Stewart did his best to deflect the accusations by attacking Trump.
OMG!! I've been caught doing something not remotely similar to Trump! I guess all I need to do now is start a fraud college, steal classified docs, bankrupt casinos, pay hush money, grab pussies, discriminate in housing, cheat at golf and foment insurrection and you'll revere me!
— Jon Stewart (@jonstewart) March 27, 2024
He was immediately called out, though.
Caught red-handed and you make a dumb-ass argument. According to YOU, you are a liar, a fraud, a hypocrite, and you're arrogant about it. Sound familiar, Johnny? And, of course, the law should be applied equally, didn't you say that too? So, Letitia James should investigate… https://t.co/XLWXCwPIbz
— Mark R. Levin (@marklevinshow) March 27, 2024
My brother
You sold a property NY valued at 1.8M to someone for 17.5M and they lost 4M because of it
And you paid taxes on a valuation of 748k
"When it came time to pay taxes he undervalued his property" https://t.co/Ju9LMP6Od6
— Tim Pool (@Timcast) March 27, 2024
Trump has been fined over $450 million dollars for fraud after the New York Attorney General James, who ran on finding something to convict the former president on, charged him with overvaluing his properties.
To appeal, the judge, allegedly hoping to undermine the Trump campaign for president, demanded that Trump put up a massive sum of money, and James threatened to seize Trump Tower.
A state appeals court recently overturned the liberal judge, who many claimed was violating the former president’s Eight Amendment rights, and “ruled that Donald Trump and his co-defendants in the New York civil fraud case have 10 days to post a $175 million bond, down from the $464 million judgment that was originally due Monday.
The 11th-hour ruling from a panel of state Appellate Division judges, all appointed by Democratic governors, is a major victory and relief for the former president, whose attorneys had said coming up with the larger bond was a ‘practical impossibility.’ The ruling also means state Attorney General Letitia James’ office cannot yet begin collecting on the judgment.
‘I greatly respect the decision of the appellate division and I’ll post the $175 million in cash or bonds or security or whatever is necessary very quickly within the 10 days, and I thank the appellate division for acting quickly,’ Trump said in front of cameras after he left a New York courtroom for a hearing in the hush money case,” wrote NBC News.
The former president said he will be posting his bond with cash.
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