Altschul said investors are now pushing for more details to uncover the demise of the $200 million project that missed construction deadlines and eventually went broke months after Donald Trump stripped his name off the marquee in 2009.
Altschul said two other Trump projects led by Sater and the developers failed in Phoenix and New York, costing millions. Thats not a good percentage, he said.
Lawyers in the petition before the Supreme Court went a step further, saying the court in Brooklyn illegally sealed the case, and never ordered Sater to make restitution in the $40 million stock fraud. [Saters] victims were deprived of their rights, the brief states. The courts must know that he has been emboldened to continue his frauds.
When reached on Tuesday, Richard Lerner, the lawyer who filed the petition, declined comment.
The brief also claims the Sater case is among many under seal in the Eastern District of New York, creating a covert dual justice system accountable to no one, without public notice.
But the judge who oversaw the Sater case from a decade ago defended the actions of the court, saying he needed to protect the safety of witnesses.
Judge Leo Glasser blasted the lawyers for breaching the court rules, saying they overstepped their bounds in divulging Saters record and other highly sensitive information in a civil lawsuit which has since been sealed.
The judge said the lawyers had knowingly and intentionally flouted his order by unilaterally deciding to insert Saters pre-sentence report a leaked document into the suit.
Paul Cassell, a former federal judge who has brought the case to the attention of Congress, said Glasser is just as responsible for the controversy.
By sealing the case and not ordering Sater to pay back his victims in the stock fraud case, the [court] illegally gave away millions to a criminal, said Cassell, who joined an appeal of the case last year.
Tom Julin, a First Amendment lawyer from Miami, said judicial circuits, including the one that takes in Florida, bans the practice of stripping court dockets from public view.
Its the worst thing a judge can do, he said. In a day and age when economic crimes can affect massive amounts of people theres a real danger in super sealing these kinds of judicial proceedings.