Judge rules Donald Trump defrauded banks, insurers while building real estate empire
Judge rules Donald Trump defrauded banks, insurers while building real estate empire
A judge has ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House.
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what are the consequences?
Ya know, that actually accounts for three of the four paragraphs of the article.
I mean, I count about 24 "paragraphs" (many are just single sentences), but you're right, at least 3 of them discuss consequences, which unfortunately just amount to "Trump loses 'control' of his fraud businesses."
Given that his name is still on the building, and he "controls" them about as much as the average person "controls" their cat, I doubt anything comes of this.
If the ruling survives the numerous appeals there will inevitably be, his business would ultimately be dissolved, with Trump only retaining whatever cash and property remains after everything is auctioned off and all debts and fines are paid (which might even amount to him just retaining unpaid debt). One can hope.
Welp, I guess either I missed everything past what appeared to be the bottom of the article, or they've since expanded it.
Ah well, still 3 of the first 4 paragraphs discuss the matter. 🤷♂️
Engoron ordered that some of Trump’s business licenses be rescinded as punishment, making it difficult or impossible for them to do business in New York, and said he would continue to have an independent monitor oversee Trump Organization operations.
If not successfully appealed, the order would strip Trump of his authority to make strategic and financial decisions over some of his key properties in the state.
That sounds like the absolute minimum punishment for fraud.
That sounds like the absolute minimum punishment for fraud.
It was a civil case. The district attorney chose not to pursue criminal charges. The prosecutor in the case quit in outrage. That prosecutor then went on NPR and laid it the case in an interview. It was fascinating. Basically they were about to charge Trump, but before they could the district attorney lost the election and the new guy didn't want to charge Trump with a case that he thought wasn't a 100% guarantee to win.