this post was submitted on 16 Feb 2024
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[–] Nightwingdragon 214 points 7 months ago (10 children)

I actually consider this a very big win for Trump.

Literal decades of fraud that netted him billions in profits and he only has to pay back $300 million.

Little decades of fraud, and he's only banned from being an officer or director for 3 years. He gets to keep everything else.

Once again a very rich person got away with decades of crimes and only had to give back a portion of the profits. $355 million is only a small portion of the money he has made in the past four decades.

Guy should have been forced to cough up the full 375, and then permanently banned from doing any more businesses in the state. Anything else is a gift.

[–] [email protected] 66 points 7 months ago

I know Trump has done a lot of illegal stuff to make money over the years, but this trial is specifically about the over valuing of his properties in New York state. $300 million and loss of owning and operating businesses in the state, even temporarily, is a huge punishment for what he was on trial for.

If only his many other trials end the same way then maybe he will have faced justice. We'll have to see.

[–] [email protected] 60 points 7 months ago (1 children)

I'm no expert by any means but I think once he's kicked out of NY, it's going to be pretty difficult for him to get back in.

He also has the court appointed monitor for the next 3 years which he already complained is costing him money (by stopping him from committing more fraud).

On top of that, banks will think twice before doing business with him in the future making it very difficult for him to make money without risking what he already has

While I agree that it should have been much more, I think (well more of a hope) that the long term damage this will do will cost him and his family far more than if he never committed fraud in the first place... Then again, he's shown an amazing ability to avoid consequences this far

[–] Boddhisatva 28 points 7 months ago (3 children)

He hasn't really been kicked out, though. Has he? He's banned from "serving as an officer or director of any New York corporation or other legal entity in New York for a period of three years" but the business certificates were not cancelled. The judge modified his original order from September to vacate the directive to cancel them. That means that when the monitor, who Trump is paying about $186,000/month, is done in three years, he'll be back in control of it all.

[–] [email protected] 17 points 7 months ago

Oh... I misunderstood that part then, I thought that part of the order was still in place. That's not as bad for him. My hope is that the monitor digs up a lot more dirt in that time and hands it over, like they did a month or so back

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[–] [email protected] 22 points 7 months ago

Amount is pretty close to what the prosecutor asked for.

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[–] [email protected] 139 points 7 months ago (2 children)

This is a reflection of America ... not of Trump

The fact that someone this corrupt continues to have a political career says more about America than anything else.

[–] [email protected] 30 points 7 months ago (1 children)

it says a lot about the political coverage in the media and half of the voting population, but I'm not sure it says something about all of us. some of which were raising alarms and flags for 50 years (I'm not that old but I know people that were) and were ignored. sometimes intentionally.

[–] [email protected] 20 points 7 months ago (1 children)

In history it's often portrayed as thirds.

A third is complicit in supporting fascist ideology

A third are active in fighting against fascist ideology

And a third are ignorant of any side and don't care if one or the other is supported so long as they are able to eat, have shelter and get by.

It's the ignorant masses that are the most volatile because all that's needed is a brief moment of their attention to change the course of history.

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[–] [email protected] 11 points 7 months ago

In Norway, we have had a wave of politicians leaving their minister posts or other high positions due to tax evasion on use of governmental appartments, small incidents of inside trading and lack of citations/plagiarism on their master thesis. It all seems so small nd innocent comparred to what Trump has done while still running strong for his party.

[–] UnPassive 108 points 7 months ago* (last edited 7 months ago) (4 children)

"I'll vote for him again because he isn't like the other corrupt politicians"

-My dad

[–] mightyfoolish 34 points 7 months ago

To be fair, Trump is his own class of corrupt.

[–] buzz86us 16 points 7 months ago (4 children)

You should hear about the fucked up shit his dad did with coney island.

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[–] [email protected] 13 points 7 months ago

Your dad is correct but what he's either leaving out or failing to realize is that he's more corrupt than other politicians. He isn't like them because he's worse.

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[–] jordanlund 102 points 7 months ago (8 children)

Only banned for 3 years though...

[–] themeatbridge 96 points 7 months ago (1 children)

And only banned from serving as an officer or director. Engoron cancelled the dissolution order, so he keeps his real estate holdings and his ownership interests.

[–] FuglyDuck 45 points 7 months ago (1 children)
[–] themeatbridge 22 points 7 months ago

Yep, it's not like whoever works for his companies isn't going to take direction from him, regardless of whether he has a title or draws a salary.

[–] FlyingSquid 87 points 7 months ago (2 children)

Honestly, the whole ruling is utter bullshit based on both the amount of fraud and Trump and his lawyer's behavior in court.

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[–] [email protected] 21 points 7 months ago

It really should be permanent based on the scope of fraud.

[–] aseriesoftubes 21 points 7 months ago (7 children)

He’ll either be dead, hiding out in Russia or Saudi Arabia, or president by then.

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[–] [email protected] 10 points 7 months ago* (last edited 7 months ago)

3 years might be long enough to let the big macs catch up to him

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[–] homesweethomeMrL 69 points 7 months ago (1 children)

In his unconventional style, Justice Engoron criticized Mr. Trump and the other defendants for refusing to admit errors for years. “Their complete lack of contrition and remorse borders on pathological,” he said.

Borders. Sure.

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[–] ChunkMcHorkle 59 points 7 months ago* (last edited 5 months ago) (3 children)
[–] [email protected] 10 points 7 months ago (3 children)

On at least one of his towers, they just skip numbering some floors so that the numbers are higher and makes it sound more impressive.

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[–] snekerpimp 50 points 7 months ago (1 children)

Republicans: “man, I just can’t think of a better candidate than this convicted fraudster. He can defraud the world and make America great again, again, again.”

[–] CosmicTurtle 16 points 7 months ago

He defrauded everyone else. Surely he won't defraud us.

  • Republican voters
[–] [email protected] 40 points 7 months ago

The financial penalty reflects those lost profits, with nearly half of the $355 million — $168 million — representing the interest that Mr. Trump saved, and the remaining sum representing his profit on the recent sale of two properties, money that the judge has now clawed back from Mr. Trump and corporate entities he owns.

[–] SpaceNoodle 36 points 7 months ago (1 children)
[–] FuglyDuck 50 points 7 months ago

This is actually a massive win.

3 year ban from serving as an officer or board member, but doesn’t have to give up any companies, and retains ownership?

Given the rampant corruption and fraud and how long it’s been going on; that’s the least that should have happened.

[–] jordanlund 33 points 7 months ago (1 children)

$354 million here...
$83.3 million to E. Jean Carroll
$5 million on the first E. Jean Carroll case..

So $442,300,000 - Yow!

[–] Rapidcreek 16 points 7 months ago (1 children)

He better start writing some checks before there's a land rush for Trump Tower.

Because of the $100 million debt, Forbes magazine calculated the tower's net worth at $371 million

[–] just_another_person 14 points 7 months ago (5 children)

He has to wait to grift money from his cult of followers to pay for this again. $100 says they make merch to sell off this shit.

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[–] [email protected] 31 points 7 months ago

More like maga cult will pay in donations 350 million *

[–] nutsack 27 points 7 months ago (4 children)

he's only barred from controlling his businesses for 3 years? that doesn't seem like a big deal

[–] Psythik 12 points 7 months ago (6 children)

He may not live another three years (hopefully).

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[–] Buffalox 22 points 7 months ago* (last edited 7 months ago)

Trump is a loser.
This is the takeaway we need to impress on a MAGA crowd, that is immune to all the immorality and treason.

[–] DandomRude 20 points 7 months ago* (last edited 7 months ago) (1 children)

Could this ruling result in criminal charges or are there already proceedings underway in this matter? I mean, the judge has determined that Trump is personally responsible for fraud amounting to several hundred million dollars, right? Accordingly, he himself is banned from doing business in the state of New York for the next three years, which makes it clear that Trump himself has been found to have committed fraud. But is that all? Fraud on this scale must also be criminally relevant, mustn't it? Or is it really possible in the USA to get off the hook simply by paying a fine, even for such serious criminal misconduct?

[–] Subverb 13 points 7 months ago (5 children)

OJ Simpson was found not guilty criminally and guilty civilly. It's a thing.

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[–] sunbytes 17 points 7 months ago (1 children)

Come up with the money or secure a bond within 30 days

Or what? Does anyone think he's actually going to pay?

He's going to Alex Jones it at worst, and at best do the same but smarter.

[–] [email protected] 17 points 7 months ago (1 children)

Does anyone think he's actually going to pay?

Then they seize his assets to cover it. Trump Tower goes to public auction.

[–] Botanicals 18 points 7 months ago (1 children)
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[–] PeckerBrown 12 points 7 months ago (1 children)
[–] elbucho 34 points 7 months ago (4 children)

Well, there wouldn't have been prison in any case from this trial, as it was a civil suit, not a criminal one. But, he is facing 91 felony charges in total spread across a few cases that are currently working their way through the court, so maybe. Probably not. But maybe.

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[–] Rapidcreek 11 points 7 months ago (3 children)

This Friday afternoon martini is going to taste extra delicious.

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[–] [email protected] 10 points 7 months ago

liquidator brunt approves.

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