0:00 man that would suck if you ████ had your house appraised and then the news came out when actually it's like it's divide that by ten that's the real value that's what the zillow's estimate told me [Laughter] [Music] all right we've got the Donald in the news again he's back he's back Donald Trump is being a sued for financial fraud by the state of New York and the state of New York wants 250 million dollars been sued by New York in the past during like his ████ real estate days this is of similar reasons interesting yeah so it's probably business as usual for him he's like oh this they're always trying to get me yeah they always they're always just trying to they're always trying to get me these guys they
0:51 don't know what they're doing but they're always trying to get me Jason Jenny do you have a good Trump impression wow in contrast to that's what you're trying to say that's great it's great it's it's it's just great you're the best Trump impression just talk about like grabbing ████ or something whatever he would say my grandma she has a ████ very good very good my grandma my brother she was supposed to excuse me excuse me extraordinary I got the Cadence down that's good that's good you got what he would say down yeah
1:41 Joe what's your bottle you're gonna rebuttal that dude I agree excellent excellent grandma's ████ one of the best one of the best yeah so former president Donald Trump inflated his net worth by billions in order to get better loans and now the state of New York is taking him to court over it seeking 250 million dollars and penalties for his children too wow New York's attorney general Leticia James announced the lawsuit Wednesday morning alleging Trump engaged in widespread fraud for years to boost his real estate holdings according to the suit quote the number of grossly inflated asset values is staggering affecting most if not all of the real estate holdings in any given year um she adds all told Mr Trump the Trump organization and other defendants as
2:31 part of a repeated pattern and common scheme derived more than 200 false and misleading evaluations of assets over the course of 10 years 2011 to 2021. the suit says the victims of Trump's alleged fraud were the lenders and financial institutions that did business with him based on those false numbers one example oh no the banks oh the banks got ████ up the ranks in the big lenders the hedge funds and oh no the poor victims ████ yourself one example of Trump's alleged inflation of his assets focuses on his Mar-A-Lago estate it's not that expensive guys according to the suit the south Florida property quote should have been valued at about 75 million dollars but it was valued at 739 million dollars can
3:21 someone explain 10x that's a lot is that his fault or is that the ████ like uh appraisers like he would pay him anyways I feel like Trump will pay him to be like oh 10 exit anyways this might be a dumb question but can someone explain to me what Mar-A-Lago is yeah what is that is it like a country club it's just his estate but he named it I heard there's a I heard there's like a like a membership I thought it was a resort can't you like go and yeah like what's the point of it is like a country club how have we never really thought about it is it kind of like um I thought it was a resort it's a club hold on it's uh like a private Resort it's like a private golf course who came up with that of course what does that mean I have so many questions it's a good name it's a good name welcome to the Mar-A-Lago club the crown jewel of Palm Beach uh if I say one of the most highly regarded private
4:12 clubs in the world located within 20 acres of perfectly landscaped Gardens with ocean views Mar-A-Lago is truly the crown jewel of Palm Beach and an acknowledged landmark in the National register of historic places members enjoy all the finest amenities that the club has to offer from an incredible Beach and pool facility to the spa and fine dining as well as world-class energy that's some high society I feel like that's like Epstein Island but on local legally local legal and just for a bunch of big wigs it says in addition Mar-A-Lago is the perfect setting for special events holiday celebrations weddings and Galas so public events can happen there and it seems like there's homes in there too so is it like a country club but there's also homes in there because he owns a home in there right I believe so it says he's got the documents 85 the Trump family has spent many weekends and holidays at their home away from home so it's probably not their like primary residence but it's their like estate man that would circuit
5:02 view ████ had your house appraised and then the news came out when actually it's it's divide that by 10. that's the real value that's what the Zillow zestimate told me nobody gets mad ████ the zestimate said it was [Laughter] type in Mar-A-Lago price that would suck so bad dude make you feel like an idiot you should just type in Mar-A-Lago on Redfin or something Zillow or whatever what's the mortgage that's gonna be like C dude that's got to be like I mean it is already staggering if you had a 500 000 house and they're like actually it's 50 000. in this ████ frame 750 million if he really believed that they were like bro it's 75 million that's ████ huge that's a gigantic ass loss
5:52 that's a big discrepancy and I like how they're thinking that he's sitting there with a pencil going 750 million dollars like if he's true like he's riding all of this in put another zero on off my whole nation's GDP I was looking up uh like some of the more Ballin homes in La and I saw I was like oh like to rent what's like the most expensive home to rent the one I found it was uh I think it was like 70 G's a month or something to rent I'm like what the ████ it's ████ crazy I wonder if it's like foreign billionaires diplomats or whatever like when they do Airbnb that's what they do because they're like I need to be in a uh America for like or La for like a couple months but I need to have my house I need my like crew I need
6:42 because you know like they travel with like a whole team with the staff yeah yeah that s███'s crazy dude we renting expense remember like when ████ YouTube popped off for the first gen and they were renting like I just remembered people lived in like 25k a month apartments and I was like that's crazy are you ████ serious it's a tons overhead I mean at that point though you're probably like at the end of the year you got to spend this money or get taxed on it you know yeah that's like only fans girls where they get crazy apartments and ████ because they're like what else I mean this the cost of business is really low it's a really nice set though so they got to write it off somehow gotta write it off with that really good ring light only fans is one of the best business models out there the margins are outrageous dude it's just free titties and then ████ billion dollars the only cost is
7:33 you the only cost is yeah your your reputational expense but nowadays it's it's it's kind of it's all good fine yeah it's over saturated now it's got to be really tough not for Christian men fan people you know what I mean back in the day there was only like so many titties that you could recognize and now there's like a huge spread now you're like cheesing on holy fans I guess they're letting anybody do holy fans that's why if they really are letting anybody do them yeah that's the business model yeah it works it works out great uh New York State wants Trump's kids to pay a price as well the lawsuit seeks to Bar Donald Trump Jr Ivanka Trump and Eric Trump from being officers of any company in the state what about Baron that's the tall kid right that must feel like a dish to not be in the lawsuits what about me yeah and Trump's attorney Alina Haba denies any wrongdoing on the former president's
8:24 part and says the lawsuit is quote neither focused on the facts nor the law rather it is solely focused on advancing the Attorney General's political agenda which I think is a very great a lot of ████ people inflate their assets to get better loans it happens all the time it's it's normal business like ████ and when they get caught you got to pay for it yeah it's a little ████ oopsie pay a fine right oopsy-doopsy oofy doofies they'll do a deal eventually at the end of it where it benefits the ████ state of New York somehow on the back end and they'll let them go yeah I mean if New York if a state at the end of the day is getting like you know they settle let's say they're looking for 250 million they sell it'll settle at what 40 million yeah 25 million pull it even yeah you know they always do that just like wait for him to make another
9:14 mistake file another lawsuit because at the end of the day you go against the people who have money and that's just part of the game you play yeah it's the game you're playing it's like SEC it's like stock trading like you get caught oops or here's the ████ money sorry yeah that's how they make money that's how the state makes money that's how the regulatory Neo just wants to cut they just want to cut of your these Mobsters it's a Shakedown literally yeah Jason Jenny have you ever been shooken down before anything shaken down by the government or just a random bystander you ever been shaken down yeah you're gonna shaken up no but I remember um uh somebody borrowed 15 from me wow and um he didn't give it back did you pursue legal action no we went to court for years
10:05 [Laughter] I wanted to tell him to give me back but was it David back yes it was David damn it David why are you taking my 15 yeah that's all I had you know yeah but I thought people would always give you back the money when was this it was in a a uh you got shaken down bro do you know his first and last name do you wanna do you want to say it to him right now just in case yeah be like hey oh hey Thiago you owe Jason Cheney dude 15 15 bucks never forget and you gotta calculate inflation too so now it was probably 75 000. that's about right actually don't ever lend money you're not willing to give up yeah I learned that later [Music]
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