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Donald Trump's New York fraud trial wraps up, with millions of dollars on the line


CharlieH

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7 minutes ago, Danderman123 said:

Simple question: if a Ponzi scheme is detected before anyone loses money, is it criminal?

 

Stop the presses...  Trump was involved in a Ponzi scheme? 

 

If so, and I sued him for losses before there were any, the case would be tossed out.

 

The state may be able to prosecute him in criminal court, but that's not what's happening here.  This is a civil trial.  For damages.  When there were none.

 

 

 

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2 minutes ago, Danderman123 said:
4 minutes ago, Liverpool Lou said:

You've already seen the judge's ruling that hasn't yet been made?

The judge has already made an initial determination of asset valuation fraud.

But he hasn't made his final ruling.

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2 hours ago, impulse said:

 

Is that case within the remit of the NY AG in 2024?

 

WAS he charged with that offence by the NY AD?

 

If he was, fair enough. If he wasn't then once again you are diverting, or trying to anyway, off topic.

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8 hours ago, Danderman123 said:

If the government discovered that someone was operating a Ponzi scheme, they would immediately be put out of business, even if no one had lost money yet.

 

Trump's scheme will likewise lead to shutting down his company, or Trump being banned from running a business in New York.

 

 

Wouldn't that be wonderful.......getting his just desserts!

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  • 2 weeks later...
13 minutes ago, Chomper Higgot said:

I’ll guess at $300million + business ban in NY for Trump 

I don't think a business ban would hold up under appeal.

 

I suspect that the financial penalties should be the amount that Trump saved via his asset valuation fraud, plus some penalty, so $300 million is in the ballpark.

 

Trump may argue the judge is unfair, but Trump never put up a defense.

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Donald Trump May Win Appeal Against Letitia James (8 hours ago)

 

The trial ended on January 11 when Engoron said he hoped to hand down a ruling by January 31.

 

Professor Greg Germain of Syracuse University of Law told Newsweek that Trump may be able to convince an appeal court that James had not proven he had committed fraud.

 

"The traditional job of the attorney general is to protect innocent citizens who cannot protect themselves, such as consumers and investors.

 

https://www.msn.com/en-us/news/politics/donald-trump-may-win-appeal-against-letitia-james/ar-BB1hyJGP?ocid=hpmsn&cvid=c73d0836511d45dfafc05272df480779&ei=6

 

Edited by metisdead
14) You will not post any copyrighted material except as fair use laws apply (as in the case of news articles). Please only post a link, the headline and the first three sentences.
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Dissolving Trump’s business empire would stand apart in history of NY fraud law

Updated 7:58 AM GMT+7, January 30, 2024

 

NEW YORK (AP) — Within days, Donald Trump could potentially have his sprawling real estate business empire ordered “dissolved” for repeated misrepresentations on financial statements to lenders, adding him to a short list of scam marketers, con artists and others who have been hit with the ultimate punishment for violating New York’s powerful anti-fraud law.

 

An Associated Press analysis of nearly 70 years of civil cases under the law showed that such a penalty has only been imposed a dozen previous times, and Trump’s case stands apart in a significant way: It’s the only big business found that was threatened with a shutdown without a showing of obvious victims and major losses.

 

AP’s review of nearly 150 reported cases since New York’s “repeated fraud” statute was passed in 1956 showed that nearly every previous time a company was taken away, victims and losses were key factors.

 

(long article)

https://apnews.com/article/trump-fraud-business-law-courts-banks-lending-punishment-2ee9e509a28c24d0cda92da2f9a9b689

Edited by metisdead
14) You will not post any copyrighted material except as fair use laws apply (as in the case of news articles). Please only post a link, the headline and the first three sentences.
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