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Re: Trump’s Troubles
Judge Engoron has found that Donald Trump committed fraud, and has ordered the cancellation of all of his New York business certificates, and the dissolution of the Trump Organization.
This explains it more clearly.
https://www.msnbc.com/rachel-maddow-...les-rcna117493
Quote:
In case anyone needs a refresher, it was exactly a year ago this week when New York Attorney General Letitia James announced a sweeping lawsuit against the former president and the Trump Organization. The civil case was rather devastating: The state attorney general’s office, pointing to more than 200 instances of fraud over 10 years, announced that it was seeking roughly $250 million in civil penalties.
As a New York Times report explained, that case is still ongoing, but James' office has won "a major victory" now that a judge has concluded that Trump did, in fact, fraudulently inflate the value of his assets "to obtain favorable loans and insurance deals."
What this latest ruling indicates is that the evidence was so clear that a trial isn't necessary to prove the underlying claim about Trump defrauding lenders. The judge agreed that James' argument about Trump's financial misconduct was true, and elements of the defense from the former president were ultimately "preposterous."
The AP's report added that Engoron "ordered that some of Trump’s business licenses be rescinded as punishment, making it difficult or impossible for them to do business in New York, and said he would continue to have an independent monitor oversee the Trump Organization’s operations."
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This means the trial starting next month will be limited to how much the defendants should pay in damages.
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Last edited by Hugh; 26-09-2023 at 22:47.
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