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Judge tries to take down Trump with RIDICULOUS Mar-a-Lago ruling

A New York court has ruled that former president Donald Trump and some of his children have committed fraud for years, in part by inflating the value of Trump's properties. But Glenn has his doubts about the judge's ruling, specifically because he ruled that Mar-A-Lago is only worth $18 million. Glenn and Stu compare that ridiculous Mar-a-Lago ruling to the prices of much smaller and way less historic houses and condos in the Palm Beach area — and it only makes it more obvious that this is just another attempt to take down Trump.

Transcript

Below is a rush transcript that may contain errors

GLENN: A New York court ruled Tuesday. Boy, I have to tell you.

If I were in New York, or I were in Washington, DC, or any of these blue states, I would be thinking, I should probably leave here.

Because I don't think I can get a fair trial.

New York court ruled Tuesday, that former President Donald Trump had committed fraud for years, to build his fortune.

New York judge Arthur Engoron, ruled in a civil case, brought by New York Attorney General James.

Now, this is the one that was like, I'm going to get him! I'm going to get him!

So --

STU: That's what she ran.

GLENN: That's what she ran on.

Not the little dog as well. But she did run --

STU: She didn't specify the size of the dog. That's true.

GLENN: That's exactly right. Okay.

So the -- the court system, and the -- the DA decided, not to prosecute. Okay?

They decided --

STU: Alvin brag.

GLENN: Yeah. Alvin brag. They decided not to prosecute.

Police, the southern district of energetic. FBI. No one took this on. Because they didn't think there was anything there.

So she decides to go to civil court, to take them on.

Now she found a judge, that will say, that he engaged in fraud.

Now, do I think that Donald Trump inflated numbers of his wealth?

Yes. Yes. I do.

STU: Really? Now, what evidence do you have?

GLENN: Well, everything. Pretty much everything.

STU: Now, it's totally fine to do that publicly. Totally fine is not the right. It's not illegal to say you have $10 billion. When you have $2 billion. Whatever.

I'm not saying that's what he did.

You can say that. You can say, you're the wealthiest person in the world. When you're not publicly, at a press conference. And there's no crime being committed.

GLENN: But I will tell you, if you're misstating things intentionally.

That is called fraud.

STU: Especially when you do it on documents, over and over and over again to banks. And insurance companies.

GLENN: Now, I don't know about you. But I've never lied on my banking statements when I go to get a loan. Because they generally check those things out.

STU: I would be terrified to do so.

GLENN: Right. Right.

STU: Now, you have the reputation.

And, again, I don't know if this was Trump specifically. This was about his organization.

It could be one of his other executives doing it.

It does seem like it was done often

When you're Donald Trump, you have a reputation of being Donald Trump. Being very wealthy. Everything is the most grandiose thing in the world. There's probably not much questioning. Right?

GLENN: Really? They will give you a $250 million loan and not check it out?

STU: Are they going to check out the square footage of his apartment?

Probably not, right?

GLENN: So -- so -- so the judge said yesterday, that Mar-a-Lago -- he overstated the price.

STU: Just a tad.

GLENN: Just a tad. He said, it's worth $18 million.

STU: I think it was the other way around. He said it was worth more for this particular.

GLENN: No. No. No.

The judge said it was only worth 18 million.

STU: Okay.

It was he --

GLENN: Yeah. No Trump said --

STU: 700 million, I think.

GLENN: Yeah. And he did put probably $100 million into that place.

And it is also a legacy property.

I mean, it's not going for $18 million.

STU: Now, I'm going to say, neither one may be correct. If I were to say, which one is closer to its actual value. I would say, $700 million.

GLENN: I would too.

I mean, it could be worth 200, 300, 500 million. It's not worth 25 million, or 7 million. There's no way.

STU: Right. No! There's no way. How many square feet, is it?

GLENN: I don't even know.

It's this entire peninsula, that goes out of this land bridge, in west palm. I don't know if you can get an apartment for $80 million. Right on the water. Both sides.

STU: Right. A normal 4,000 square foot house, which I would assume is pretty small, right?

For West Palm Beach, but probably like, the average McMansion in Florida is 4,000.

GLENN: Maybe. Maybe.

STU: I'm just guestimating here. But a 4,000 square foot house in West Palm Beach is already, got to be, 4 million, $5 million.

GLENN: Go to realtor.com. Find out.

STU: There you go. By the way, 126 rooms. He took down to 500 square feet at Mar-a-Lago. And it's a business.

GLENN: All right. 62,000 square feet. Okay.

With both sides on the ocean. This has and golf courses. Right?

GLENN: Yeah.

And it's -- it's got a banquet room.

It is -- I mean, it's crazy.

STU: Could you convince me it's only worth 300 million.

Yeah. Maybe. But it's not worth 18.

GLENN: So this is a 50-year-old movie studio. Okay?

Fifty-year-old movie studio.

I mean, it is a historic site in Texas now, but it's not like Mar-a-Lago.

STU: No. The one we're sitting in right now.

GLENN: The one we're sitting in right now. It's maybe worth $50 million. Okay? $50 million. You're telling me, I could have had Mar-a-Lago.

I think I would have taken Mar-a-Lago.

STU: Did they really say $18 million is the right number?

GLENN: That's what the judge said, $18 million.

STU: And that's completely absurd. What year were they talking about?

In 1945, maybe it's worth $18 million.

GLENN: It's crazy.

STU: That's really, legitimately nuts.

West Palm Beach is one of the most expensive areas in the entire country.

It is obviously like, this is a place where super wealthy people run away from other wealthy people.

When they're annoyed with low class wealthy people, they go to west Palm Beach.

GLENN: Right. So let me go to any price listing. Where can I get rooms -- I mean, I could get from high to low.

It doesn't necessarily do that. That's ridiculous. High to low.

STU: I love how Glenn's head is attempting tasks. This is how it will work.

GLENN: Thank you. I will put a minimum of 5 million. $5 million is the minimum I want to see.

Okay. So let's -- all right.

So I have a three-bedroom. Three and a half bath for 7.8 million. That's a condo overlooking, okay?

I have another condo for 6.1.

STU: Do they have the footage listed or no?

GLENN: Yeah. 2000 square feet.

STU: 2000 square feet. And how many millions --

GLENN: 6.1.

STU: But you can get Mar-a-Lago for three times the cost? Wow.

GLENN: Yeah. I have a 1-acre lot. Okay?

It has -- it shows a picture of the house. But I have a feeling, the house is so horrible.

You know how they do that. Look at this. And they're selling it as a lot, and not a house.

8.4. A 1 acre lot. How many acres is Mar-a-Lago.

STU: That's a good question.

GLENN: A lot.

STU: It was 1980. The cost.

Let's see. Looking here. 17-acre state.

That's the federal foundation.

Yeah. It's hard to -- looks like 17 acres.

But there's a 3.2-acre plot. Which has nothing on it. It's just grass.

Currently listed for $200 million. It is -- it is a --

GLENN: Oh, yeah.

STU: It's a very nice plot of land.

GLENN: Right.

STU: However, you know, you wouldn't think that just land would be 240 -- they haven't sold it yet.

It could be one of those e Bay things where it hasn't sold.

GLENN: Where I have a five-bedroom, five and a half bath, five thousand square feet, and half an acre.

STU: Okay. So this is what you might throw at, as a McMansion. Right? A very nice, big house. Not a ton of land.

GLENN: Right. A half an acre.

STU: The house fits, but barely.

GLENN: Uh-huh. Yes.

STU: How much are they asking for that?

GLENN: 11.9.

I'm -- I'm just saying.

STU: It's an expensive area.

GLENN: There's a condo here for five thousands of individuals square feet. Four bedroom. Five and a half bath. No land.

8.4. There is a condo. Six bedroom condo.

Six bedroom, seven and a half bath. 9,232 square feet.

And that's 39 million.

STU: I mean, come on. The claim is that the Palm Beach county assessor had appraised Mar-a-Lago between 18 million and 27.6 million.

Now, the assessors a lot of times, have strange values on homes, right? Have you ever noticed that? Again, you're not doing this yourself.

You're looking at someone else, assessing your home.

And it doesn't always align with what Zillow says.

So that would necessarily be fraud. You have to believe, it's much, much closer -- I mean, $426.5 for Mar-a-Lago, which was their low -- low end value that Trump had put it at.

GLENN: Is reasonable. Reasonable.

STU: Seems reasonable. Again, I've never bought anything in the nine figures. Never made a 9-figure purchase.

GLENN: Really?

STU: But I would assume.

GLENN: I make them all the time.

STU: Yeah, you might make them all the time. I'm trying to -- you have to understand. I'm saying to the audience, you have to understand. So the audience understands. Trying to get Glenn to understand, not everyone makes -- you know, a nine-figure purchase, look, the difference between 100 and 400 million for the average person. Might be difficult to -- how would you even figure that out, without going to some expert?

I have to believe, just back at the envelope. $400 million seems pretty reasonable for Mar-a-Lago. It's probably around where it is.

It couldn't possibly be 18 million. That is bonkers!

And anyone who knows anything about real estate would say that.

Yet, everybody in the media, I have heard talk about this story, as quoted in the overstatement of 2300 percent -- from -- from Letitia James.

Which is kind of -- it's bonkers.

GLENN: So, anyway, they are breaking his companies up now. The -- the court has taken control.

And has assigned people to take over the company. And break it apart.

And I don't know. Sell the assets off. I guess that's what you do.

If anybody is in the -- in the market for a really huge, really huge house, that also has beachfront property on both sides of it, you might be able to get a deal soon.

STU: Well, this is a no longer based ruling. What is in danger, are his New York properties.

Which is the gulf in Westchester. Trump Tower.

GLENN: It's unbelievable. Unbelievable.

STU: They're really going after all of it. And trying to get him to force his control to be gone.

Eric is the one to run the company right now. And he would be out.

GLENN: This is why we have always, always done well, in America.

Because you could count automate law to be consistent.

Nobody -- in my lifetime, I never heard, you know, stories, day after day. Where I went, wow. Never heard that done before.

Never. And that's why people invested in America.

That's why companies were built here in America. Because somebody just couldn't take it away from you.

STU: That's why you don't want to do business in Venezuela.

GLENN: Exactly right.

They can take it away. They can accuse you of something, and take it away.

And the law did not really matter. The law was just a player, in somebody's curio cabinet.

And that's exactly what's happening now in America. You want to destroy somebody.

No, you can destroy them. Destroy their whole life.

It's really sick.

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RADIO

Meet the pro-Intifada candidate NYC Democrats just elected

New York City Democrats just elected 33-year-old Zohran Mamdani, a "socialist Muslim", as the Party's candidate for mayor. But Glenn Beck argues that his radical beliefs are actually communist and Islamist.

Transcript

Below is a rush transcript that may contain errors

VOICE: Z10852. Something weird is going on. The World Trade Center is on fire.

VOICE: Seriously the top of the building. We're trying to get information.

VOICE: Top level of one of the --

VOICE: To unfold from New York City.

VOICE: A plane crashed just --

VOICE: My sister is in that believe. I hope she's okay. I have to come to New York.

VOICE: It's pandemonium.

VOICE: It's raining papers.

VOICE: Wait a minute! Stop just a second. Why are we -- why are we -- I've got breaking news. Breaking news, yesterday. New York City just elected as their mayoral candidate for the left. And the Democrats, a -- a Muslim radical, who is also a communist!

So, you know, it only took you 25 years. It only took you 25 years, New York, to go completely insane.

Somebody who is -- well, I mean, if I might quote Michael malice today. I am old enough to remember when New Yorkers endured 9/11 instead of voting for it.

But you've got a -- you've got a communist jihadist apologist now.

Who was -- you know, well, CAIR put $100,000 behind his bid for New York City mayor.

So you have somebody who is endorsed by CAIR. That's really good.

He also was somebody who said, you know, he was -- he was for the shooting of the United Health Care CEO.

Said he was looking forward to driving down magnum Joan avenue. I don't know. Sounds like supporting people in the streets. Maybe it's just me.

Then he also said that he was going to globalize the intifada, which I think that's -- maybe -- maybe that's just me.

I mean, what do I know?

Tim Miller who is a podcaster. Asked him a few weeks ago. Asked him about his pro Palestinian slogan. Globalized the intifada. And he said, for me, ultimately, what I hear in so many, is a desperate desire for equality and equal rights, in standing up for Palistinian human rights. Oh, is that what you hear, Mr. CAIR?

Really? Huh, that's interesting.

Right. So globalize the intifada.

I mean, I mean, sure, that's -- I mean well, let me go on.

Because I don't want to take him out of context.

He then delved into the semantics of the intifada, citing the United States Holocaust memorial museum's use of a word for a translation for uprising, in an Arabic version of an article, a museum published about the Warsaw ghetto.

Oh!

So this is just a comparison, about the -- the armed rebellion against the Nazis!

I don't know if that makes me feel better!

I mean, if we're globalizing that.

We're the Nazis in this scenario.

Because I don't think it's the Palestinians.

I certainly don't think it's anybody who is like, hey.

Global jihad. I don't think it's those guys.

Or the Nazis. Who are the Nazis in that?

And it seems, if that's what you mean, then it's not just a harmless kind of slogan about human rights. It is a call for violence on the streets.

Because I don't know if you know, that's what happened when the Jews had their uprising against the Nazis.

I'm just saying!

But, hey, hey, free Palestine.

Oh, that's not what that means, gang. That is not what that means, but don't worry about it. He's just going to be possibly the new mayor.

And that's great. By the way, the Columbia faculty members signed a letter defending Hamas.

They were also among the donors to his mayoral campaign.

So, you know, you don't have anything to worry about.

And his father, who used to work at Columbia. Do you know, Stu?

Is his Dad -- is he still a professor at Columbia University?

He said that -- this violent terror thing of Islam, is not a part of Islam. Now, I've read the Koran, and much of the hadith.

And I'm pretty sure the violence is a part of that. But no.

No. This is something entirely new.

And his father while at Columbia university, wanted everybody to know, that this is actually -- this is something that came out of America!

America is really responsible for this.

And, you know, it really started with the Reagan administration, you know, when he started -- when he started with his very religious terms, to finish the war against the evil empire.

So, you know, that's where -- that's where 9/11 came from.

Is what -- don't worry about it! Don't worry about it!

Because who am I? I'm clearly just -- am I an anti-Semite today, or am I an Islamophobic? I can't remember which one.

Oh, it's probably both. Anyway, Islamophobia. Let me just explain Islamophobia. I haven't even gotten to the Communist part of it. Which is really, really -- New York, you're in one for hell of a ride. Buckle up.

It will be a fun rollercoaster for you. My gosh, I've never been happier that I've been away are if New York.

Anyway, I just want I to know, there is Islam. And then there is Islamists. Now, an Islamist is somebody who really wants Sharia law.

That's political Islam!

That's not a faith. That's political Islam.

Now, let me make really -- something really clear. Criticizing Islamism, is not Islamophobia. Pointing out the dangers of, oh. I don't know.

Political Islam. The ideology that seeks to use the tools of democracy, ultimately to destroy democracy, is not an attack on Muslims.

No. Uh-uh.

You know why?

Because Muslims are often the first people in line.

The first victims of the ideology.

So let's draw a bright, bright line between Islam as a faith, millions of people can practice that faithfully and peacefully.

It's mostly peaceful, okay?

Then there's the Islamism.

Islamism is something entirely -- that's a political project.

A theocratic political -- oh. Left loves theocracies. They love it.

Of course, you never see a problem with it.

See it when an Islamist is touting it. Anyway, it's not about prayer. It's not about fasting. It's not about spiritual life.

It's all about power. It's about merging of mosque and state. It's about implementing Sharia, not as a personal code of conduct. But as a governing legal system.

And it's -- it's supremacy.

Absolutely. Faith.

Religion.

It's -- there's one thing that's supreme.

It's misogynistic.

Deeply intolerant of all kinds of things.

Descent. Secularism. Other faiths. Even competing interpretations from inside the faith itself.

It will behead them too.

So let's -- let's be honest here for a second.

You know, CAIR should be labeled an international terror organization.

In my opinion. In my opinion.

Oh, does that make me -- that makes me an Islamophobe. I'm sure. I'm sure they will start a campaign against me on being an Islamophobe.

Stand in line, guys. You've been doing it since 2001, okay?

I don't really care. And I don't think the American people. I think that record, all the grooves are worn-out on that one, okay?

This is not a religion we're talking about. When we're talking about Sharia law. And we're talking about globalize the intifada. What does that mean, actually, to globalize it?

Does that mean we now want to do what is happening to Israel? All over the world?

Has the Palestinian plight become our plight you now, as Americans?

That there has to be an intifada here!

Because it's the kind of the same. You know. It's kind of the same over, you know, with what the Palestinians are going through.

Well, it's very much like what the Jews went through with the Nazis.

That's a weird one. That one makes my head hurt. It's very much the same as that. And very much the same as the fight against Donald Trump.

Oh, this is going to be fun. It's fun!

Really fun. You know, the irony here is, the ones that will scream Islamophobia the most, are the ones in the progressive left, the champions of feminism, LGBTQ rights. And secularism.

They're going to -- no. You want -- they're going to stand with the people, who want to kill them first.

See, this is how smart they are!

This is why it's going to work out well, in New York City.

Let me just say. If you have an ounce of common sense, you run a business, you have an ounce of wealth. And I don't mean wealth like, you know, hey, Lovey.

Let's get on the boat for a three-hour tour with a suitcase full of cash. I mean you saved anything, anything, get the hell out of New York City.

I mean, this is about survival. This is about free speech. This is about women's rights.
Religious pluralism. Secular legal systems. Liberal democracy.

But it's also about failed principles of Communism. Okay?

First, you have to call out political Islam for what it is. Okay?

And we have to do it with the clarity that we call out white nationalism.

Got to do it with that. Got to -- you know, the Klan. Really bad people.

Really bad people.

Anybody who is shouting for globalized intifada?

Pretty bad. Pretty bad people.

Okay?

Now, let's get to communism.

Because that's another cool, cool angle of the new Democratic candidate for -- for mayor of New York City.

That I just -- I think is cuddly and cute. Sure, it led to 100 million deaths. But this time, New York is going to be radically different. Oh, did I use the word radical?

I didn't mean to use that. What's radical about this guy?

Nothing. He's just like you!

Well, not exactly.

But let's talk about communism, next!

Now, the new mayoral candidate that's running there in New York City. That so many young people rushed to defend and vote for. He's promising free buses.

That's going to work out.

Where are you going to get the money for free buses.

It's free!

City-run grocery stores.

Oh, rent freezes. And finally somebody has done it. A 30-dollar minimum wage.

So under the banner of equity. And, you know, we will tax the wealthy. And the corporations. You know, we're going to squeeze another $10 billion out of them.

Really?

Because they're going to call a U-Haul.

You know, they will call something like U-Haul. There will be a lot of -- there will be a lot of movers that are like, how do I get the truck back from Texas or Florida back up to New York? Nobody is moving up there.

But he's going to do it.

Now, his vision isn't really new. You know, just -- just tax people, so we could have city-run grocery stores. You know, I remember -- I'm old enough to remember those city-run grocery stores in Moscow.

They were great.

The shelves were empty.

But that's just Moscow.

It worked out completely different in Venezuela.

Where, oh, no.

It didn't. That's right. The grocery store.

They were eating the zoo animals.

But it will be different in New York.

Because they have rent controls too.

And that will just choke the housing supply, but don't worry. As a young family.

You know, you voted for it.

You know better.

It will work this time.

So, you know, I like building ideas, I just don't like usually building on the graves of 100 million people.

But, you know, why not? Why not?

You know, use this dogma.

And this time, it will be different. It's not like it was in China. Where the great leap forward, was a gross -- a gross parody of progress. Venezuela, which was oil rich. One of the richest nations in the hemisphere now sees 90 percent of its population in poverty!

Yeah. Darn it. You know what they did?

They decided to take state control of things.

You know, like grocery stores. And it worked out well. How is that free busing working out in Venezuela?

I just want to -- I just want to know.

Anyway, then you've got the globalize the intifada. Which is going to drop a little violence in, and anti-Semitism in with your communism.

Which is weird!

Because violence and anti-Semitism, always happen. When it -- when it comes to -- when it comes to communism.

This is weird!

I've got to play something for you. Because this has talked about on me earlier this morning.

Oh, wow.

Wait a minute. This is -- this is the whole coalition coming together here.

So this is going to be good. New York, this is going to be great.

It's going to be great for you.

No. He's going to uplift you. Then the social fabric of New York City is just going to be -- just one.

It's going to be fantastic. Don't worry about your 120 billion dollars in debt. Or your 10 billion-dollar deficit that you have right now.

You are going to charge the rich more taxes, and they will stay right there.

They will be like, you know what, that 46 percent in taxes that I'm paying, this is just not enough. It's just not enough.

I need to pay 60 or 70 percent to be able to pay my fair share. So that's good. That's good. That's good.

You know, they're not risking 100 million people. It's just 8 million people.

This time, it's just 8 million people.

But, hey. For those of you in upstate New York. That aren't going to be part of this experiment.

Don't worry, you get to pay for it. Because they'll kick it up to the state. The state will have to subsidize everything. And don't you love it?

Really, don't you want to subsidize the really crazy ideas of New York City?

I mean, why don't you have a -- why don't you have a democratic socialist. A/k/a communist mayor.

Why haven't you done that? Are you not progressive enough? Are you not looking into the future?

Are you stuck in the past?

I don't know. I don't know. The graveyard is pretty big. I have a hard time getting past that one. You know, yeah, so I'm stuck in the past. Because I can't seem to pass that graveyard, and get to be down the path with you. But it's going to be a paradise.

Forget arithmetic. You know, or human nature. This time, it's going to work. It's going to work. So all right!

Wish I lived in this morning.

No wait. Nope. I don't. Nope, I don't.

And Ted Cruz, stop it. Stop writing, hey, come to Texas. No. No. Don't come to Texas. Don't come to Florida. Go to California. It's beautiful this time of year. Go there. Go there.