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Investor Exodus: Investors React to Trumps $355 Million Verdict

DAMON K JONES
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Investor Exodus: Investors React to Trumps $355 Million Verdict

Prominent investors are making significant shifts in their business strategies following a notable legal ruling involving former President Donald Trump in New York. Grant Cardone, a real estate mogul, declared on Tuesday that his firm, Cardone Capital, would cease underwriting New York real estate. This decision came shortly after Kevin O’Leary, known from Shark Tank, expressed his decision to halt investments in the state due to the verdict.

The ruling, delivered by Judge Arthur Engoron, requires Trump to pay over $355 million for manipulating his net worth to gain tax and insurance advantages. Additionally, Trump and his sons are barred from conducting business in New York for three years.

Speaking on the Cats Roundtable radio show hosted by billionaire John Catsimatidis, Hochul aims to allay fears that the penalties imposed on Trump could negatively impact businesses in New York. She emphasizes that law-abiding businesspeople need not worry, as the circumstances surrounding Trump’s case are exceptional and do not reflect the typical behavior of New York entrepreneurs. Hochul acknowledges concerns raised by some business leaders regarding potential repercussions on the state’s business environment but highlights the unique nature of the case, where Trump and his allies allegedly manipulated real estate values to secure favorable loans and insurance rates.

During an interview with CNN, O’Leary remarked, “I believe this case transcends Trump entirely.” He stressed its wider ramifications for investors, expressing disapproval of what he perceived as selective prosecution in New York. O’Leary suggested that such actions unfairly target individuals like Trump for behaviors considered inappropriate, prompting investors to wonder, “Who will be targeted next?” He characterized the situation as a “victimless crime,” arguing that it did not cause any financial harm.

Coates raised concerns about the legal acknowledgment of crimes such as falsification of business records and insurance fraud, questioning whether these should have been prosecuted.

In response, O’Leary highlighted the unprecedented nature of the case, emphasizing that similar practices had gone unprosecuted for 75 years. He pointed out that activities like falsifying records were common among real estate developers worldwide and had never faced legal action before.

Expressing his apprehension about investing in New York again, O’Leary underscored his belief that the city’s actions were alienating investors and diminishing its appeal as a business hub.

Coates further delved into the broader ethical implications of business practices, challenging the normalization of fraudulent behavior within the industry.

O’Leary defended the industry’s reliance on banks for due diligence and emphasized the traditional negotiation processes between developers and financial institutions. His argument aimed to highlight the industry’s established norms rather than solely defending Trump.

He questioned the basis for the fraud allegations, emphasizing that the issue transcended Trump and underscored broader concerns about legal and ethical standards in the business world. “Excuse me. What fraud? This is not about Trump anymore.”

In a post on X, formerly Twitter, Grant Cardone said, “Dear Cardone Capital team, Immediately discontinue ALL underwriting on New York City real estate. The risk outweigh the opportunities at this time. Recent political decisions will continue to deteriorate price and benefit states that don’t have these challenges. Focus on Texas & Florida.

Grant Cardone, CEO of Cardone Capital, made a decisive announcement via a post on X platform. He directed his team to cease all investment activities in New York City real estate immediately. Cardone cited concerns over recent political decisions, which he believes will lead to a decline in property prices.

In his message, Cardone emphasized the need to prioritize investor interests, stating that the risks currently outweigh the potential benefits of investing in New York City real estate. He expressed apprehension about the unpredictability of cash flow due to various factors such as legal rulings, migration patterns, and restrictions on evictions. Cardone highlighted the competitive advantage of states like Florida over New York, attributing it to what he perceives as New York’s unfavorable business environment.

Both investors emphasized that the issue transcends partisan politics and is more about the business environment in New York. They underscored the need for clarity and fairness in legal proceedings to maintain investor confidence in the state.

Congressman Bowman Endorsed By Fellow Educators

AJ Woodson
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Congressman Bowman Endorsed By Fellow Educators

On the 59th anniversary of the assassination of Malcolm X, Congressman Jamaal Bowman received endorsements from representatives from the Alliance for Quality Education (AQE), leaders of the New York Working Families Party (NYWFP), and Citizen Action New York, in addition to local school parents, students, and activists organizing for stronger public schools.

Zakiyah Shaakir-Ansari, Co-Director of AQE, Bronx parent & Education Advocate Thomas Sheppard, Co-Director of NYWFP Jasmine Gripper, Parent & Greenburgh School Board Trustee Jamaal Thomas, Tanesha Grant & her Daughter-Harlem parent and grandmother, and Jamell Henderson of Citizen Action New York joined Rep. Bowman, Wednesday morning in front of One World Middle School at Edenwald (3750 Baychester Avenue in the Bronx) to show their support and share why they felt he should be re-elected to continue serving the 16th Congressional District.

“As an educator, I’m proud to be endorsed by AQE, and I’m excited to continue working with my fellow educators in fighting for stronger public schools in New York and across the country,” Congressman Bowman shared.

“Congressman Jamaal Bowman stands as a dedicated friend and ally of Alliance for Quality Education, earning our wholehearted endorsement for re-election,” said Alliance for Quality Education. “His unwavering advocacy for stronger public schools mirrors our collective goal to dismantle systemic racism and economic oppression in New York State’s public education system. Our endorsement is a rare expression of confidence, as we’ve backed only two other candidates in our 20+ year history. Congressman Bowman has proven himself to be a true and unwavering education warrior for New York’s public schools. During his tenure as principal at Cornerstone Academy for Social Action, he organized student walkouts and collaborated with AQE to host teach-ins in support of Black Lives Matter at Schools for two consecutive years. He quickly established his position again, during his brief time in Congress. We look forward to playing our role in helping send him back to Congress to continue championing increased funding for NYS’ public schools, supporting our dedicated teaching workforce, and pushing and passing legislation that improves education opportunities from birth to higher education.”

Rep. Bowman and AQE were joined by leaders of the New York Working Families Party and Citizen Action New York at today’s announcement outside One World Middle School at Edenwald.

In just three years in Congress, Rep Bowman has established a record of strengthening public schools and delivering progressive results for NY-16. Rep. Bowman has delivered over $1 billion in new investments for the district in affordable housing, safety, public schools, jobs, and health care. As Chair of the Subcommittee on Energy, Rep. Bowman helped write and pass the CHIPS and Science Act, which includes his legislation on STEM education. Rep. Bowman was also involved in negotiations to successfully pass the Inflation Reduction Act, which includes tax credits to fund new public school facility upgrades and reduce school district energy bills. 

In addition to AQE, Rep. Jamaal Bowman’s re-election campaign is endorsed by: 

  • Rep. Yvette Clark
  • Rep. Alexandria Ocasio-Cortez
  • Congressional Black Caucus PAC
  • Congressional Progressive Caucus PAC
  • State Senator Jamaal Bailey
  • NYC Comptroller Brad Lander
  • NYC Public Advocate Jumaane Williams
  • NYC City Councilmember Kevin Riley
  • Hastings-on-Hudson Mayor Nicola Armacost
  • Mamaroneck Trustee Leilani Yizar-Reid
  • Hastings-on-Hudson Trustee Doug Alligood
  • Mamaroneck Trustee Manny Rawlings
  • New Rochelle City Councilmember Shane Osinloye
  • Former Westchester County Legislator Damon Maher
  • Former Mount Vernon City Councilmember Lisa Copeland 
  • SEIU 1199
  • National Nurses United
  • Working Families Party
  • Justice Democrats
  • Sunrise Movement
  • League of Conservation Voters
  • The Jewish Vote
  • Make the Road NY
  • Citizen Action of NY
  • NY Progressive Action Network

Westchester’s First Recreational Cannabis Dispensary Opens In Mount Vernon

AJ Woodson
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Westchester’s First Recreational Cannabis Dispensary Opens In Mount Vernon

Elevate Cannabis Dispensary, located at 127 S. Terrace Ave. in Mount Vernon, held its grand opening on Tuesday, February 20th at 11 am. Evevate, Westchester County’s first recreational dispensary, actually opened on December 5th, following a months-long legal battle that prevented dispensaries across the state from obtaining licenses.

Mount Vernon Mayor Shawyn Patterson-Howard, City Council President Cathlin Gleason-Boncardo, and members of the New York State Office of Cannabis Management were among those present at the historic ribbon-cutting ceremony.

Although recreational marijuana has been legal in New York since 2021, the process of granting licenses to dispensaries has been slow. Elevate New York received its license on Dec. 4, and the soft opening followed shortly after a judge approved a settlement to end lawsuits that had hindered the state’s retail marijuana licensing program.

The settlement paves the way for an estimated 436 license holders to continue with their plans to open their businesses, according to The New York Times. While the lawsuits were in progress, the State created a new licensing period where 1,000 additional licenses would be open to applicants who didn’t qualify for the initial round of licensing. It’s expected that at least 40 recreational marijuana dispensaries in New York will be open for business by the end of 2023.

“What’s particularly heartening is not just seeing these stores open, but seeing who is operating them. Before the end of the year, we will have 12 Black-owned dispensaries operating and 5 Hispanic-owned dispensaries. Considering the national landscape, where Black and brown ownership of cannabis is exceedingly rare, I am incredibly proud of this result. This isn’t just about numbers; it’s a clear indication of our dedication to creating a more equitable and inclusive cannabis industry,” New York State Office of Cannabis Management Executive Director Chris Alexander said in a press release.

About 20 percent of recreational cannabis dispensaries in New York are majority Black-owned while that number goes down to less than 0.2 percent when calculating all U.S. dispensaries.

Elevate Cannabis Dispensary in Mount Vernon won’t be the last recreational dispensary in Westchester NY. You’ll likely see more popping up soon as the following cities have voted to allow the sale of cannabis, according to the Yonkers Times as of April 1, 2023:

  • Mount Vernon
  • New Rochelle
  • Pound Ridge
  • Sleepy Hollow
  • White Plains

The following Westchester County has passed laws preventing the sale of cannabis as of April 1, 2023:

  • Ardsley
  • Dobbs Ferry
  • Eastchester
  • Elmsford
  • Harrison
  • Irvington
  • Larchmont
  • Lewisboro
  • Mamaroneck Town
  • Mamaroneck Village
  • Mount Kisco
  • Mount Pleasant
  • New Castle
  • North Castle
  • North Salem
  • Pelham Manor
  • Pleasantville
  • Port Chester
  • Rye City
  • Rye Brook
  • Somers
  • Tuckahoe
  • Yorktown

Elevate is planning a 420 Concert Festival, to be held on April 20 at Memorial Field in Mount Vernon. Panel discussions and music are among the plans for the annual event.

The new dispensary is open seven days a week, offering a variety of adult-use cannabis products from 9 a.m. to 9 p.m.

Black Church Leaders Call for Halt to All US Funding of Israel Amid ‘Mass Genocide’

AJ Woodson
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Black Church Leaders Call for Halt to All US Funding of Israel Amid ‘Mass Genocide’

African Methodist Episcopal Church Leaders Call for Halt to All US Funding of Israel

The bishops accused Israel of denying Palestinians “access to food, water, shelter, and health care” and said that “after this torture, they plan to murder them.”

The African Methodist Episcopal Church’s top officials have called for the U.S. government to halt all its funding of Israel, citing the deaths of tens of thousands of Palestinians in the Hamas-Israel war.

In its statement, the church’s Council of Bishops said in part:  

“Today as we celebrate the birth of Richard Allen, the apostle of freedom, Israel has trapped 1.6 million desperate Palestinians in the southern Gaza city called Rafah. Most of them are women and children. They have denied them access to food, water, shelter, and health care. After this torture, they plan to murder them. The United States of America will have likely paid for the weapons they use. This must not be allowed to happen.

“The Council of Bishops of the African Methodist Episcopal Church calls on the United States Government to immediately withdraw all funding and other support from Israel.”

“Since October 7, 2023, in retaliation for the brutal murder of 1,139 Israeli citizens by Hamas, Israel has murdered over 28,000 Palestinians, mostly women and children. The United States is supporting this mass genocide. This must not be allowed to continue.”

The statement was signed by Bishop Adam J. Richardson, senior bishop of the denomination; Bishop Stafford J.N. Wicker, president of the bishops’ council; Bishop E. Anne Henning Byfield, chair of social action, and Bishop Francine A. Brookins, co-chair of social action.

Bishop Harry L. Seawright, the leader of the AME’s Alabama district, said in a Thursday interview with Religion News Service that he and other bishops also supported the statement, which he said reflects the denomination’s stances on social action.

“We have always tried to take a social stand against injustice, unfair treatment of all people,” he said.

On Saturday, February 17th, The Council on American-Islamic Relations (CAIR), the nation’s largest Muslim civil rights and advocacy organization, welcomed a statement by the African Methodist Episcopal Church.

In a statement, CAIR National Communications Director Ibrahim Hooper said:

“We welcome this principled statement by the African Methodist Episcopal Church Council of Bishops as a reflection of the growing movement nationwide in support of Palestinian humanity and human rights. The Biden administration must respond to the majority of Americans who seek an end to Israeli government’s ethnic cleansing and genocide by demanding an immediate ceasefire and a just resolution to the crisis that recognizes that Palestinians are also human beings worthy of life, freedom and dignity.”

CAIR condemned the far-right Israeli government’s latest war crime in Gaza after at least five patients died when their oxygen ran out as Khan Younis’ Nasser Hospital was stormed by Israeli troops in violation of international humanitarian law.

While several Christian organizations and leaders have called for a ceasefire between Israel and Hamas – including the National Council of the Churches in Christ – or offered aid to Christians and Muslims living in the Gaza Strip, this is the first such call for a cessation of all American assistance to the Jewish State.

Last week, The New York chapter of the Council on American-Islamic Relations (CAIR-NY) and Majlis Ash Shura: Islamic Leadership Council of New York condemned Westchester County Executive George Latimer’s refusal to say that all Muslims are not part of Hamas in a Facebook post relating to his New York Times exposé. 

The AME is one of the oldest Black church denominations in the United States. The announcement came out on the birthday of the church’s founder, Richard Allen, who laid the foundation for the church in 1787. Allen was an enslaved person who bought his freedom before founding the church.

‘We remain in solidarity with Jesus Christ of Nazareth, a Palestinian Jew’

“There must be an immediate and permanent ceasefire between these two communities,” the AME bishops wrote. “Surely there is a grassroots solution that affirms the dignity and humanity of all God’s people in Palestine and Israel. The tools of empire, colonialism, and domination will not solve the problems they created. 

“The cycle of violence between historically wounded peoples will not be dissolved by the creation of more wounds or through weapons of war,” they continued. “We remain in solidarity with Jesus Christ of Nazareth, a Palestinian Jew, and the Prince of Peace.”

PBP Radio – Episode 388

AJ Woodson
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PBP Radio – Episode 388

Black Westchester presents The People Before Politics Radio Show – Episode 388, with Damon K. Jones and AJ Woodson. 

Giving you that Real Talk For The Community since 2014

As always, you can follow us on Facebook, Instagram, LinkedIn, and YouTube

Black Westchester Publisher Damon K. Jones Fires Back at Accusations of Misogyny: Demands Proof or Apology from White Plains Democrat Chair, Tim James

DAMON K JONES
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Black Westchester Publisher Damon K. Jones Fires Back at Accusations of Misogyny: Demands Proof or Apology from White Plains Democrat Chair, Tim James

Damon K. Jones, Publisher of Black Westchester, fearlessly confronts attempts to discredit him while speaking truth to power. Despite facing dismissal, discrediting, demonization, and false accusations, Jones remains steadfast in his commitment to truth-telling, speaking truth to power, and informing the people on how politics rule our everyday lives.

In a recent email exchange, Damon K. Jones, the Publisher of Black Westchester, found himself taken aback by accusations of misogyny levied against him by Tim James, the Democratic Chairman of the White Plains Democratic Party. Jones, known for his outspoken advocacy and dedication to his community, responded firmly to these allegations.

Jones began by extending a direct invitation to Tim James to appear on his show, expressing a desire to address the rumors circulating about him. “I’ve heard many rumors that you have been talking about me in email threads,” Jones stated. “So I’m personally inviting you to come on the show.”

Asserting his confusion over the accusations, Jones highlighted his longstanding commitment to women, emphasizing his loving relationships with his wife and granddaughters. “I’m loved by women all over for my character and integrity,” he declared. “You have the damn nerve to call me something and you don’t even know me.”

Challenging James to substantiate his claims, Jones demanded proof of any alleged misogynistic behavior. “If you’re going to make a statement like that, we’re demanding that you show proof of what it is that you say,” Jones asserted. “You better have the receipts.”

Furthermore, Jones pointedly addressed issues within the White Plains Democratic Party, questioning the lack of diversity in their political slate and referencing past controversies involving racial slurs. “Didn’t the White Plains Democratic Party run an all-white slate for the council last year?” Jones questioned. “And you got the nerve to call me a misogynist?”

Throughout his response, Jones emphasized his commitment to honesty and transparency, inviting James to engage in an open dialogue rather than resorting to anonymous accusations. “I invite you on the show so we can have an honest conversation,” Jones stated. “Say what you have to say to the person and not be sending blank emails out about them.”

Jones Views Accusations as Retaliation by Democratic Leaders: Attributes Criticism to Black Westchester’s Stand Against AIPAC and Corporate Funding in Latimer vs. Bowman Race, Asserts Party Influence by Groups Seeking to Suppress Minority Votes, Especially in Congressional District 16.

In closing, Jones made it clear that he would not tolerate baseless attacks on his character and reputation. “I’m waiting for the other emails because I just might sue them,” he warned. “I’m just waiting for the other emails, and I just might sue you for defamation.”

Damon K. Jones’s response highlights his steadfast dedication to integrity, accountability, and fair treatment, not only in his personal conduct but also in his expectations of others. As this exchange demonstrates, Jones remains committed to defending his reputation and standing up against unjust accusations.

The World Court Takes on Isreal 57-Year Occupation of Palestine

DAMON K JONES
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The World Court Takes on Isreal 57-Year Occupation of Palestine

Next week, over 50 countries will participate in hearings at the International Court of Justice (ICJ) examining the legal consequences of Israel’s 57-year occupation of Palestine. This landmark case follows the Court’s seismic ruling last month that Israel is “plausibly” committing genocide in Gaza.

For nearly six decades, Israel has occupied the West Bank, East Jerusalem, Gaza Strip, Golan Heights and at times the Sinai Peninsula following its conquests in the 1967 war. Despite removing troops and settlers from Gaza over 20 years ago, the UN contends Israel still occupies Gaza by controlling its airspace, waters and the flow of people and goods.

Human rights groups are urging participating countries to use these hearings to spotlight Israel’s horrific abuses of Palestinians living under occupation, including crimes against humanity like apartheid and persecution.

The Current Crisis in Gaza

Israel’s recent assault on Gaza has been marked by likely war crimes and crimes against humanity. Since October alone, Israeli forces have killed over 100,000 Palestinians in Gaza, displaced 90% of the population, and left the strip on the brink of a deadly ground invasion.

Israeli leaders have disturbingly called for reoccupying and ethnic cleansing Gaza amid the ongoing attacks. Meanwhile in the occupied West Bank, at least 388 Palestinians including 99 children have lost their lives.

For years, Israeli settlers have steadily colonized Palestinian lands with the protection of the Israeli military. Palestinians whose homes and lands are stolen face violent ethnic cleansing.

South Africa’s Genocide Case Against Israel

These World Court hearings follow South Africa’s case accusing Israel of genocide in Gaza – the first nation to present next week. Last month, the ICJ made the groundbreaking ruling that Israel is “plausibly” committing genocide and must adhere to all its duties under the Genocide Convention.

South Africa urgently appealed to the ICJ earlier this week to act as Israel threatens a deadly ground offensive on Gaza’s crammed refugee camps. While the Court declined additional action for now, it reiterated the “perilous situation” demands immediate implementation of provisional measures to protect Palestinian lives.

The prolonged Israeli occupation has brought untold suffering upon generations of Palestinians through displacements, mass killings, and likely genocide. These imminent international legal proceedings give hope that justice may finally be on the horizon.

Hakeem Jeffries Blast NYS IRC: Instead of Remedying issues, the IRC Exacerbates Them

DAMON K JONES
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Hakeem Jeffries Blast NYS IRC: Instead of Remedying issues, the IRC Exacerbates Them

The New York State Independent Redistricting Commission (IRC) recently unveiled a new congressional district map, mainly retaining the existing boundaries with only minor alterations in some upstate districts. However, uncertainty looms over whether the Legislature will accept this proposal or craft its own. While a state Senate Democrat has voiced opposition, Assembly Speaker Carl Heastie and Senate Majority Leader Andrea Stewart-Cousins have yet to take a definitive stance.

Hakeem Jeffries, the Minority Leader in the US Congress, criticized the IRC’s proposal, highlighting concerns about the failure to address key flaws in the current map drawn by an unelected special master in 2022. Jeffries noted that the IRC’s map disregards or exacerbates substantive issues related to communities of interest, particularly in parts of New York State like the upper Hudson Valley.

Both Stewart-Cousins and Heastie will feel significant pressure from various partisan interests, including allies of Jeffries, who have been vocal in their criticism of the current district lines. Democratic lawmakers and strategists have expressed dissatisfaction with the proposed map, citing its similarity to the current map they seek to replace and raising concerns about New York’s compliance despite Republican gerrymandering tactics in other states.

Jeffries also stated, The IRC map breaks apart six additional counties in New York State, including one that appears gratuitously designed to impermissibly benefit an incumbent in the 19th Congressional District. That would be a clear violation of the New York State Constitution. Now that the Independent Redistricting Commission has completed its work, it is important that the Legislature ensure – as the Constitution contemplates – that the people of New York State be afforded a fairly drawn congressional map.”

The Independent Redistricting Commission (IRC) has faced scrutiny, particularly in the Westchester area, where questions have been raised about potential conflicts of interest. This scrutiny stems from the fact that the IRC Chairman, Ken Jenkins, also serves as Deputy County Executive to George Latimer, who is running for the 16th Congressional District. Latimer openly acknowledged that the redistricting process could impact his electoral prospects. Given Jenkins’ pivotal role in shaping district boundaries as Deputy County Executive, concerns have arisen about possible conflicts of interest.

State Sen. James Skoufis strongly criticized the proposed map, particularly its division of Orange County to protect incumbents. The proposal also adjusts districts like the 22nd in Central New York to lean more Democratic. The fate of the proposed map now lies with the Legislature, which is scheduled to reconvene later in February. Former Rep. Lee Zeldin supports the proposed maps and urges legislators to avoid further alterations, cautioning against partisan maneuvers that could result in legal challenges.

If lawmakers reject the plan, they must swiftly devise and vote on an alternative map before petitioning begins on Feb. 27. However, a backup plan must be prepared before the IRC’s proposal is dismissed. While lawmakers possess a supermajority to approve the new map, dissenting Democrats could jeopardize its passage or necessitate Republican support.

Independent Redistricting Commission unveils NYS Congressional map

AJ Woodson
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Independent Redistricting Commission unveils NYS Congressional map

The New York State Independent Redistricting Commission-made up of five Democrats and five Republicans-unveiled a new congressional map.

The commission voted 9 to 1 to send the map to the state legislature.

Republican Commissioner, Charles Nesbitt, estimates the map to be more than 90% similar to the Congressional map already in place. However, the commissioners noted some changes were made.

“From the work that was done, all together there was 16 out of 26 districts that had some level of change,” explained Ken Jenkins, Democratic Chair of the IRC.

New York 22 in Central New York is one of the districts most impacted.

Congressman Brandon Williams released a statement saying in part, “I find myself in my 5th congressional race in just two-years. Changing lines won’t change minds—voters want common sense and relief from Progressive fantasies.”

The next step in the process is for the map to be reviewed by the state legislature and then voted on. At this time, it’s unclear as to when that will happen, seeing as though lawmakers are not scheduled to be in Albany next week.

“The Senate Majority is eager to review the proposed map submitted by the IRC,” Senate Majority Leader, Andrea Stewart-Cousins said in a statement. “We plan to discuss and decide our subsequent actions soon, taking into account the election cycle calendar. This process is critically important and we are committed to concluding it in a manner that upholds fairness and democracy.”

Back in 2014, New Yorkers voted to have an independent redistricting commission. When the commission couldn’t agree on one maps in 2022, the state legislature drew one itself.

A judge later ruled those lines unconstitutional and ordered a special master to create the map that was used in the 2022 election.

House Minority Leader Hakeem Jeffries criticized the new congressional map, suggesting that it unconstitutionally benefits Republican Rep. Marc Molinaro.

“The map adopted by the Independent Redistricting Commission should be meticulously scrutinized by the New York State Legislature, particularly as it relates to compliance with provisions in the State Constitution designed to protect historically under-represented communities. There is reason to be concerned with the failure of the IRC to address many of the flaws in the current map drawn by an unelected, out-of-town special master in 2022. Instead of remedying several of the substantive issues raised by good government groups related to communities of interest, the IRC map ignores or exacerbates them in parts of New York State, including the upper Hudson Valley.

The IRC map breaks apart six additional counties in New York State, including one that appears gratuitously designed to impermissibly benefit an incumbent in the 19th Congressional District. That would be a clear violation of the New York State Constitution. Now that the Independent Redistricting Commission has completed its work, it is important that the legislature ensure—as the Constitution contemplates—that the people of New York State be afforded a fairly drawn congressional map.”

Jeffries’ public statement puts pressure on state lawmakers to reject the bipartisan map and draw their own. “I think the Dems in the Senate and Assembly have PTSD from last year’s redistricting debacle and have little appetite for voting down the new lines,” one Democratic insider said. “That said, these maps are very much not what the Democrats had hoped for, and certainly not what DC wants to see.”

As part of the compromise approved Thursday, the heavily watched 16th Congressional District, which includes a slice of The Bronx and southern parts of Westchester County, remained virtually unchanged.

Two-term Democratic Congressman Jamaal Bowman is facing a primary challenge from Westchester County Executive George Latimer, who previously served in the New York State Assembly and NYS Senate.

Latimer said Thursday he was moving forward with his bid and he is confident that the state legislature will complete the process of approving the map.

“Regardless of the timing or the ultimate disposition of the lines, we look forward to continuing to bring our message of progressive results that benefit the people of our area, in whatever neighborhood they live and whatever jurisdictions are ultimately assigned to CD-16,” Latimer said in a statement.

New York faces a court-ordered deadline of February 28 to complete its redistricting process, but it was unclear Thursday when the state legislature would next meet to consider the map.

Judge orders Trump to pay $355 million for lying about his wealth in staggering civil fraud ruling

AJ Woodson
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Judge orders Trump to pay $355 million for lying about his wealth in staggering civil fraud ruling

NEW YORK (AP) — A New York judge ordered Donald Trump on Friday to pay $355 million in penalties, finding that the former president lied about his wealth for years in a sweeping civil fraud verdict that pierces his billionaire image but stops short of putting his real estate empire out of business.

Judge Arthur Engoron’s decision after a trial in New York Attorney General Letitia James’ lawsuit punishes Trump, his company and executives, including his two eldest sons, for scheming to dupe banks, insurers and others by inflating his wealth on financial statements. It forces a shakeup at the top of his Trump Organization, putting the company under court supervision and curtailing how it does business.

The decision is a staggering setback for the Republican presidential front-runner, the latest and costliest consequence of his recent legal troubles. The magnitude of the verdict on top of penalties in other cases could dramatically dent Trump’s financial resources and damage his identity as a savvy businessman who parlayed his fame as a real estate developer into reality TV stardom and the presidency. He has vowed to appeal and won’t have to pay immediately.

Trump’s true punishment could be far costlier because under state law he is also required to pay interest on the penalties, which James said puts him on the hook for a total of more than $450 million. The amount, which would be paid to the state, will grow until he pays.

The judge made clear, however, that the Trump Organization will continue to operate, backing away from an earlier ruling that would have dissolved Trump’s companies.

Engoron, a Democrat, concluded that Trump and his company were “likely to continue their fraudulent ways” without the penalties and controls he imposed. Engoron concluded that Trump and his co-defendants “failed to accept responsibility” and that experts who testified on his behalf “simply denied reality.”

“This is a venial sin, not a mortal sin,” Engoron wrote in a searing 92-page opinion. “They did not rob a bank at gunpoint. Donald Trump is not Bernard Madoff. Yet, defendants are incapable of admitting the error of their ways.”

He said their “complete lack of contrition and remorse borders on pathological” and “the frauds found here leap off the page and shock the conscience.”

Trump said the decision was “election inference” and “weaponization against a political opponent,” complaining to reporters at his Mar-a-Lago estate in Florida that he was being penalized for “having built a perfect company, great cash, great buildings, great everything.”

James, a Democrat, told reporters “justice has been served” and called the ruling “a tremendous victory for this state, this nation, and for everyone who believes that we all must play by the same rules — even former presidents.”

“Now, Donald Trump is finally facing accountability for his lying, cheating, and staggering fraud. Because no matter how big, rich or powerful you think you are, no one is above the law,” James said.

Trump still owns the Trump Organization, but he put his assets into a revocable trust and relinquished a leadership role when he became president in 2017, putting his sons Eric and Donald Trump Jr. in charge of day-to-day operations. Engoron’s ruling imposes a three-year ban on Trump serving as an officer or director of any New York company and bars his sons for two years, effectively requiring the company to find new leadership, at least temporarily.

The monetary penalties involve what Engoron said were “ill-gotten gains” that Trump attained by making himself seem richer. They include money Trump saved by securing lower loan interest rates and profits from the sale of properties that he might not have been able to develop without that financing.

Eric and Donald Trump Jr. were each ordered to pay $4 million, their share of profits from the 2022 sale of Trump’s Washington, D.C. hotel, and the company’s former longtime chief financial officer Allen Weisselberg was ordered to pay $1 million — half of the $2 million severance he’s receiving. All told, Trump and his co-defendants owe $364 million, which James’ office said grows to $464 million when interest is included. Weisselberg and another longtime company executive, Jeffrey McConney, were barred from ever holding a corporate finance or leadership role in the state.

Engoron put the Trump Organization under the supervision of a independent monitor for at least three years, extending oversight he ordered after James sued Trump in 2022, and said the company must hire an independent compliance director to ensure that it follows financial reporting obligations and rules.

Engoron wrote that stripping Trump of his companies, as he’d previously ordered, was no longer necessary because the company will be under a “two-tiered oversight” with the independent monitor, retired federal judge Barbara Jones, and the compliance director keeping an eye on any activities that could lead to fraud.

Because it was civil, not criminal, the case did not carry the potential of prison time.

Engoron issued his decision after a 2½-month trial that Trump turned into a frequent, albeit unorthodox campaign stage. He trekked to court nearly a dozen times, watching testimony, grousing to news cameras outside the courtroom and bristling under oath that he was the victim of a rigged legal system.

During the trial, Trump called Engoron “extremely hostile” and James “a political hack.” He also incurred $15,000 in fines for violating a gag order that the judge imposed after he made a disparaging and untrue social media post about a key court staffer.

In a six-minute diatribe during closing arguments in January, Trump proclaimed “I am an innocent man” and called the case a “fraud on me.”

Trump has boasted for years about his wealth, but James’ lawsuit alleged that his claims weren’t just harmless bragging but years of deceptive practices as he built the multinational collection of skyscrapers, golf courses and other properties that catapulted him to wealth, fame and the White House.

The suit accused Trump and his co-defendants of routinely puffing up his financial statements to create an illusion his properties were more valuable than they really were. State lawyers said Trump exaggerated his wealth by as much as $3.6 billion one year.

James brought the case under a New York law that authorizes her to investigate persistent fraud in business dealings. Trump incorporated the Trump Organization in New York in 1981.

Even before the trial began, Engoron ruled that James had proven Trump’s financial statements were fraudulent. The judge ordered some of Trump’s companies removed from his control and dissolved. An appeals court put that decision on hold.

In that earlier ruling, the judge found that, among other tricks, Trump’s financial statements had wrongly claimed his Trump Tower penthouse was nearly three times its actual size and overvalued his Mar-a-Lago estate in Palm Beach, Florida, based on the idea that the property could be developed for residential use, even though he had surrendered rights to develop it for any uses but a club.

Trump, one of 40 witnesses to testify at the trial, said his financial statements actually understated his net worth. Trump maintains that he is worth several billion dollars and testified last year that he had about $400 million in cash, in addition to properties and other investments.

Reiterating his testimony, Trump said Friday, “There were no victims because the banks made a lot of money.”

Trump and his lawyers have said outside accountants who helped prepare the statements should have flagged any discrepancies and have said the documents came with disclaimers that shielded him from liability. They also argued that some of the allegations were barred by the statute of limitations.

Engoron decided the case because neither side sought a jury and state law doesn’t allow for juries for this type of lawsuit.

The suit is one of many legal headaches for Trump as he campaigns for a return to the White House. He has been indicted four times in the last year — accused in Georgia and Washington, D.C., of plotting to overturn his 2020 election loss to Democrat Joe Biden, in Florida of hoarding classified documents, and in Manhattan of falsifying business records related to hush money paid to porn actor Stormy Daniels on his behalf.

On Thursday, a judge confirmed Trump’s hush-money trial will start March 25. A judge in Atlanta heard arguments Thursday and Friday on whether to remove Fulton County District Attorney Fani Willis from his Georgia election interference case because she had a personal relationship with a special prosecutor she hired.

Those criminal accusations haven’t appeared to undermine his march toward a rematch with President Joe Biden, but civil litigation has threatened him financially.

Last month, a jury ordered Trump to pay $83.3 million to writer E. Jean Carroll for defaming her after she accused him in 2019 of sexually assaulting her in a Manhattan department store in the 1990s. That’s on top of the $5 million a jury awarded Carroll in a related trial last year.

In 2022, the Trump Organization was convicted of tax fraud and fined $1.6 million in an unrelated criminal case for helping executives dodge taxes on extravagant perks such as Manhattan apartments and luxury cars.

James, who campaigned for office as a Trump critic and watchdog, started scrutinizing his business practices in March 2019 after his former personal lawyer Michael Cohen testified to Congress that Trump exaggerated his wealth on financial statements provided to Deutsche Bank while trying to obtain financing to buy the NFL’s Buffalo Bills.

James’ office previously sued Trump for misusing his own charitable foundation to further his political and business interests. Trump was ordered to pay $2 million to an array of charities as a fine and the charity, the Trump Foundation, was shut down.

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BY MICHAEL R. SISAK, JAKE OFFENHARTZ AND JENNIFER PELTZ

Adriana Gomez Licon in Palm Beach, Florida, and Jill Colvin in New York contributed to this report.

JAKE OFFENHARTZ – Offenhartz is a general assignment reporter in the New York City bureau of The Associated Press.

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