Judges insult real estate giants Cushman and Wakefield over Donald Trump


Reuters / Kate Manche

Reuters / Kate Manche

Cushman & Wakefield, a real estate company allegedly used by Donald Trump to inflate the value of his real estate, did not submit evidence from a New York judge to state investigators every day 1 I was ordered to pay a fine of $ 10,000.

On Tuesday afternoon, apparently frustrated, Judge Arthur F. Engoron signed an order to bite into the real estate giant, alleging that he had missed the deadline for filing documents after being given a two-month grace period.

“I can’t believe why Cushman & Wakefield waits two days after the court order expires before it begins the process of seeking another extension,” Engoron said in the order.

Judge says real estate giant for Trump broke the rule

He criticized Trump’s stumbling block for companies that routinely help value assets in ways that directly benefit him.

“Cushman & Wakefield couldn’t identify a valid reason for the deadline,” he wrote.

Large national real estate companies were supposed to provide documents related to the valuation of all kinds of real estate, so state investigators developed Trump how the company handled other projects. I was able to compare with.

The judge will play the ball to the company in April as the office of Attorney General of New York Leticia James issued a subpoena that the company has not yet adhered to between September 2021 and February 2022. I ordered. However, the company fought it in the Court of Appeals and was defeated.

Judge Engoron then set a new deadline for delivery of goods by Cushman & Wakefield on June 29th. After that, the real estate company missed the deadline.

Time is important. State investigators will interview former President Donald Trump and two of his children (Don Jr. and Ivanka) in a private testimony taking week on July 18. ..

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However, at 11:32 pm on Wednesday, less than 30 minutes before the midnight deadline, a lawyer at a real estate company submitted a document to the court asking the judge to make a last-minute delay.

On Friday, AG’s office intervened with the judge and asked the company to comply with the subpoena and provide important evidence.

Assistant Secretary of Justice Austin Thompson said in a letter that the real estate company seemed to admit that he hadn’t worked at all for a few weeks because he lost with an essentially stupid bet, and he actually appealed. Said. I thought that charm would win, so I will accumulate a pile of evidence.

He pointed out this statement in an affidavit written on the last day of the deadline by an outside company helping Cushman and Wakefield organize the evidence. .. “

Thompson pointed out that it took eight weeks instead of one week for a real estate company to get started.

“This is Kushman [it lost its appeal] Start the compliance process in earnest. If Kushman gets a stay and makes a strategic decision not to use the eight weeks from the April 26 order, it is not obligatory. [the attorney general’s office] Or the court to soften it from the outcome of that decision, “he wrote.

In a statement to The Daily Beast on Tuesday, the company “has spent a great deal of money and effort identifying, collecting, reviewing and producing vast amounts of documents.” It criticized the Attorney General for “misleading the court by downplaying our important efforts to comply with the court’s orders.”

For more information, see The Daily Beast.

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