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Donald Trump committed fraud for years by inflating his worth to banks and insurers, a New York judge finds
(www.businessinsider.com)
LOCK
HIS
ASS
UP
this post was submitted on 27 Sep 2023
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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.
Just think about it. You're born filthy rich. You inherit 500 million dollars, in the 1980's. You learn to live off of loans from banks, how to inflate the worth of your "properties," and how to deflate the worth of your "properties" to scam banks, because unlike your father, you're an absolute moron when it comes to making an honest buck. Even with the army of lawyers and accountants you inherited from dad.
So when American and European banks stop loaning you money because you default on all your loans, you need a new source of income. Your best bud Super New York Mayor Man ruined your daddy's connections with the Pizza Guys, so when some guy who sounded like Chekov from Star Trek called and said he wanted to buy 50 condos at the same time, you knew God was Real.
Life was good. You still hadn't made a single honest buck, but boy did those Russian guys like their condos. You even had your own TV show, where everyone could see how much you loved being a bully and an asshole. You even had your own beauty contest, and saw lots and lots of that sweet, sweet 18 year old T and A.
You. Had. It. Made. Millions of dollars. Eastern Block ex-porn wife who couldn't stay off of the phone with someone named Vlad.
It could have went on until you had your stroke on your gold plated shitter.
But no, your ego is so fragile, you're such a raging narcissist than you have to play King of the World, too.
What a fucking idiot.
Edit: I didn't mean to imply Fred Trump was honest. I meant that he actually made his money, unlike Donald, who inherited his.
It's why society sucks. The people who could change things for the better don't. They could make things better or just retire. Instead they make things awful.
and half the country loves you for being said fucking idiot.
Many love him for being an asshole - they just accept that he's also an idiot,
Yeah, I left out being the King of Morons .
We have no idea how much running for president was Trump idea, vs Russia’s. Trump didn’t want the job, Melania definitely didn’t want him to win, and Trump thought about running a few times before but never cared to do it. He just doesn’t have the balls himself, he’s a huge coward. And Russia provided a lot of assistance and benefited immensely from it. More so than Trump himself.
So I’m betting there was a call in 2014 or 2015 between Russia and Trump. My bet is there was blackmail or promises made if he ran.
Now he’s hooked on the attention, but the first time around it’s dubious it was 100% what he wanted to do.
Seriously, the only thing you have to do to manipulate a narcissist into doing what you want is to kiss their asses, and tell them what they want to hear. It's that stupid easy.
Putin destroyed Clinton because he knew she would bring down NATO on his head over any of his invasion plans, just like Biden is doing now. Trump talked openly about leaving NATO. I wonder why.
He also allegedly liked busting in on sub-18 year olds at those pageants as well. He also allegedly had a long history of using "illegal aliens" as labor so he wouldn't have to pay them and they had no recourse.
Listen/watch episode 300A & 300B of The Dollop podcast on Trump and be amazed he went this long without someone (he couldn't counter-sue away) bringing charges.
unlike your father, you're an absolute moron when it comes to making an honest buck
Not arguing with you at all on the moron accusation, but Fred Trump's bucks were just as dishonest as his son's are.
I didn't say he was honest. I said he was a better business man than his son. Fred made his money, Dummie inherited his.
“no dude you don’t understand, it’s not fraud it’s just a smart business tactic”
"I don't understand what the fucking problem is. Everyone lies. Everyone cheats. Everyone steals. Know how I know? Because I do."
"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