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NY Prosecutes Couple For Fraud: Listed House For $499K When It Sold For $485K
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NY Prosecutes Couple For Fraud: Listed House For $499K When It Sold For $485K
Good to see people prosecuted for overvaluing real estate.
New York Prosecutes Couple For Fraud For Listing Their House For $499,000 When It Ultimately Sold For $485,000
NEW YORK — Local couple Marty and Shelly Cross have been officially charged with fraud after listing their home for $499,000 when it ultimately sold for slightly less.
“The Cross family knowingly and willfully tried to get a good deal when they sold their home,” explained Attorney General Letitia James. “The State of New York hereby assesses the Cross family a fine of $50 million for their egregious actions. If they cannot pay by tomorrow, we will begin kidnapping their children to hold as ransom.”
babylonbee.com
NEW YORK — Local couple Marty and Shelly Cross have been officially charged with fraud after listing their home for $499,000 when it ultimately sold for slightly less.
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4 Replies
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They Should Contact Trump ORG . …. The masters in Fraud until they got Caught
Common Law Fraud
The instant action is not a garden-variety common law fraud case.
Common law fraud (also known as “misrepresentation”) ha s five elements: (1) A material statement; (2) falsity; (3) knowledge of the falsity (“scienter”); (4) j ustifiable reliance; and (5) damages. See, e.g., Kerusa Co. LLC v W10Z/515 Real Estate Ltd. Partnership , 12 NY3d 236, 242 (2009) (“[T]he elements of common law fraud” are “a false representation . . . in relation to a material fact; scienter; reliance; an d injury.”). Alleging the elements is easy; proving them is difficult. Is the statement one of fact or opinion? Material according to what standard? Knowledge demonstrated how? Justifiable subjectively or objectively? In mid-twentieth century New York, to judge by contemporary press reports and judicial opinions, fraudsters were having a field day
Seven Springs conservation easement over seven mansion lots at $775,000 per raw lot, an estimate that would have valued the entire seven-mansion development at approximately $5.5 million. PX 3296; TT 2707-2708.
Notwithstanding, the SFC backup data for 2013 demonstrates that on August 20, 2013, Eric Trump advised McConney to value the seven-mansion undeveloped plots on the SFC at a staggering $161 million
(161 MILLION – 5.5 MILLION) / 5.5 MILLION) * 100 = 2827.27 %…. now that is quite the fraud
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Blaine
Member February 26, 2024 at 7:45 am
As long as this same standard applies to the wealthy political and entertainment celebrities who list their properties for millions of dollars over what it is worth and what it actually sells for.
It’s only been applied to one person: Donald Trump.
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The low life Florida Criminal Scum probably would have never been caught if he did not throw Michael Cohen under the bus
https://www.youtube.com/watch?v=4zmgQDRU6v4&pp=ygUkbWljaGFlbCBjb2hlbiB0ZXN0aW1vbnkgY29uZ3Jlc3MgQU9D
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