Hotshot Attorney Says He Tried to Advise Trump's Civil Fraud Judge: Report

[BumRushDaShow]

Source: Daily Beast

Updated May 09, 2024 4:30AM EDT / Published May 08, 2024 10:53PM EDT


A high-profile real estate lawyer who once told a tenant in a case that they should commit suicide told a New York City news station that he approached the judge in Donald Trump’s civil fraud trial to volunteer a bit of unsolicited advice ahead of the potentially ruinous $355 million verdict that was handed down.

That interaction is now the subject of an investigation by the New York State Commission on Judicial Conduct, sources familiar with the matter told NBC New York Wednesday. Adam Leitman Bailey, an oft-quoted attorney who weighed in on the trial as it proceeded but who had no direct involvement in the case, made the claim in an on-camera interview with NBC New York on Feb. 16, hours before Judge Arthur Engoron’s ruling was made public.

“I actually had the ability to speak to him three weeks ago,” Bailey said, according to the station. “I saw him in the corner [at the courthouse] and I told my client, ‘I need to go.’ And I walked over and we started talking… I wanted him to know what I think and why… I really want him to get it right.” He told NBC New York that he was hardly a fan of Trump, and that he’d “explained” to Engoron that a fraud statute at play in the case had not been created to help shutter a major company, particularly in a case without obvious victims.

The law they discussed is likely the so-called “repeated fraud” statute, or Executive Law 63(12), which only requires that prosecutors show “repeated fraudulent or illegal acts,” not necessarily “intent to deceive or that anyone actually gets duped or loses money,” according to an Associated Press article from January in which Bailey is quoted. (“This sets a horrible precedent,” he said of the statute’s potential use in Trump’s case.)

Read more: https://www.thedailybeast.com/hotshot-real-estate-attorney-says-he-tried-to-advise-trumps-fraud-judge-arthur-engoron-report?ref=wrap

[Freethinker65]

1. Was the "advice" asked for?

Otherwise I can this as a handy way to go after judges in case rulings don't go your way. Just have an attorney (in this instance, but it really could be anyone) outside of the case come into contact with the judge and make some comments about the case or laws applying to the case.

There has been plenty of speculation Judge Cannon is being advised how best delay Trump's case before her. As far as I know, no official judicial misconduct investigation tho.

[woodsprite]

2. A sleazebag trying to get in on 15 min of fame or a trumpster found his price for selling his soul? nt

[The Magistrate]

3. So Mr. Bailey Has Many Clients Engaged In The Same Sort Of Systematic Fraud As Trump

Which isn't really a surprise....

[MartyTheGreek]

4. But the repeated Fraud was against all of NY taxpayers! They are the victims! n/t

[NanaCat]

5. Not to mention when banks issued loans

Based on lies about the actual value of properties used as collateral. That impacted the bank's owners and investors. It affected their honest customers who may have had a loan denied because the Grifter n Thief was sucking up their money other people would have put to better use.

[Happy Hoosier]

6. Rich people lawyer wants rich people to be able to continue gaming the system....

One thing I've learened as my income and wealth have increased as I've aged.... at certain point, the law really allows someone who already HAS money to leverage that money and pay very little in income taxes.

Loans are not taxable income, so rich folks taking out loans against assets for basic living expenses means they don't actually taxes on that money. They do this instead of taking distributions from their assets. An when it comes time to pay the loan, they simply take another loan (a bigger loan) on the appreciated assets, pay off the original plus the interest (which is MUCH lower than taxes would be) and move on. To do this, the cvlaue of the assets have to be ever-increasing. This is why Trump (and others) will inflate the value of their assets and why banks are okay with this. Because this is a just a game of rolling one loan in to another, there isn;t much risk of default... so long as the curtain isn't pulled back. really rich folks... and their lawyers, don;t want this revealed, becasue it's a ginat tax-avoidance scheme and they absolutely do nut want it busted up.