(ProsperNews.net) – Comedian and Trump critic Jon Stewart overvalued his New York City house, according to a new report. The news comes just days after the comic ridiculed Donald Trump over the legal case pursued by New York Attorney General Letitia James, which ended in an enormous $464 million fine for the former President. Trump was found guilty by Judge Arthur Engoron of overpricing his Big Apple real estate for investment purposes and devaluing it for taxation.
On a recent episode of The Daily Show, Stewart accused Trump of lying and said his “shenanigans had cost the city of New York” and were “not victimless.” During the show, Stewart played a clip of CNN’s Laura Coates discussing the case with Shark Tank star Kevin O’Leary, who argued that business people exaggerate the value of their assets routinely, and yet are never prosecuted. O’Leary also noted that the vast fine serves as a warning to developers and businesses and will make them fear that they, too, could be a future target for litigation.
Mr. Stewart argued that if loans are given under false pretenses, this hurts other businesses because less funding is available for financing. “Money isn’t finite,” he said, adding that unpunished dishonesty in business and real estate “incentivizes corruption.”
Nevertheless, documents unearthed by the New York Post show that Stewart may have done the same thing in 2014. Records show that the comedian sold a house that year for 829% more than it was worth. Stewart marketed a penthouse in Tribeca for $17.5 million, but the assessment roll of New York City for 2013 to 2014 lists the building at a market value of just $1.8 million.
Furthermore, its buyer, Parag Pande, sold the same property in 2021 for $13 million, meaning he incurred a significant loss.
Jon Stewart is a long-term critic of President Trump and has ripped into his supporters. In March, he accused Trump voters of extremism and said they should not consider themselves American patriots.
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