LOCK
HIS
ASS
UP
In a stunning, pre-trial win in New York attorney general’s all-out war on the Trump Organization, a Manhattan judge has found that Donald Trump committed fraud for years by inflating his worth to banks and insurers by as much as $3.6 billion a year.
A strongly-worded ruling by state Supreme Court Justice Arthur Engoron rejected outright Trump’s request for a range of pre-trial victories, calling his arguments “rehashed” and “erroneous.”
Instead, the judge gave a major victory to Attorney General Letitia James, immediately revoking Trump’s license to do business in New York.
“It’s the corporate death penalty,” said Diana Florence, a veteran financial crimes prosecutor for the Manhattan district attorney’s office, now in private practice.
“This ruling essentially dissolves his company,” she said, though she predicted that years of appeals may pass before anything actually happens.
Bye bye Trump org!
Going into receivership within two weeks. Golf courses now owned by state.
sigh that last quote about it getting tied up in appeals is the shitty part. It’ll hang in limbo and trump will die without ever seeing a consequence. He’ll die thinking (and largely correctly) that he won.
Hey, Texas, you paying attention? Corporations can be executed too!
A convicted fraud, you say.
It won’t matter to his supporters. Trump pardoned Steve Bannon for fraud charges where he was stealing people’s donations to “build the wall”. They still don’t care.
And will anything happen?
Says the judge revoked ALL of his business certificates in New York. Trial will continue to assess damages he must pay.
But if he declares bankruptcy ? Plus he can just hide his business in shell companies or his kids
Bankruptcy isn’t a get out of debt free card. It’s a “you’re gonna sell this stuff to pay off your creditors” card.
His sons were involved in the lawsuit and cannot legally do business in New York.
It’s effectively no longer his to be declared bankrupt, the NY state will be appointing people to control it. This is the one he can’t escape from
Can unlicensed biz orgs seek bankruptcy protection?
The recievership can.
Hopefully, one day, Alex Jones will be made to pony up what he owes
Is he able/or has he already given these to his children yet? You know, like Mar-A-Lago
This article explains some of the consequences https://www.businessinsider.com/trump-fraud-ruling-corporate-death-penalty-for-his-empire-experts-2023-9
I’m not sure what restrictions will be when he obviously tries to appeal. Can’t go to his sons though since they’re also affected by the order.
“no dude you don’t understand, it’s not fraud it’s just a smart business tactic”
"what a perfect ruling "
Pairs with a nice risotto…
Everyone does it, tho!?!
- Fox News.
A trial, scheduled for next month, must still be held to determine if Trump and company executives acted intentionally.
Someone make a meme with the guy deciding which button to push. And one button is trump is so smart he is an excellent businessman and the other is trump is innocent and he had no idea his company was committing mass fraud.
And yet he’s still somehow bookmakers’ favourite to win the 2024 us presidential election
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