Jon Stewart overvalued NYC apartment by 829%, yet accuses Trump of crime for overvaluing
Hannah Nightingale
“The Attorney General of New York knew that Trump’s property values were inflated because when it came time to pay taxes, Trump undervalued the very same properties.”
During Monday’s episode of The Daily Show, host Jon Stewart criticized experts saying that Trump’s civil fraud real estate case had no victims, questioning whether they would react the same to “overvaluations in the real world.” Stewart, however, had overvalued his own property.
Stewart played a clip of CNN’s Laura Coates interviewing Shark Tank’s Kevin O’Leary, who said that the ruling in the case “didn’t go over well” with the real estate industry.
Coates responded that Trump had been found liable for falsifying business records in the second degree, issuing false financial statements, insurance fraud and conspiracy due to asset inflation.
“Everything that you just listed off is done by every real estate developer everywhere on Earth in every city. This has never been prosecuted,” O’Leary responded.
Stewart quipped, “How is he not this mad about overvaluations in the real world? Because they are not victimless crimes,” later adding, “money isn’t infinite. A loan that goes to the liar doesn’t go to someone who’s giving a more honest evaluation. So the system becomes incentivized for corruption.”
“The Attorney General of New York knew that Trump’s property values were inflated because when it came time to pay taxes, Trump undervalued the very same properties.”