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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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On 2/1/2024 at 2:28 PM, jerrymahoney said:

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

Judge Engoron will probably ensure that the terms of his verdict won't be overturned on appeal. So, he probably won't permanently cancel business licenses.

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3 hours ago, jerrymahoney said:

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. Customers had lost money or bought defective products or never received services ordered, leaving them cheated and angry.

 

What’s more, businesses were taken over almost always as a last resort to stop a fraud in progress and protect potential victims. They included a phony psychologist who sold dubious treatments, a fake lawyer who sold false claims he could get students into law school, and businessmen who marketed financial advice but instead swindled people out of their home deeds.

 

(long article)

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

Judge Engoron will probably ensure that the terms of his verdict won't be overturned on appeal. So, he probably won't permanently cancel business licenses.

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1 hour ago, jerrymahoney said:

 

< Maybe he'll call up his (and Jared's) old pal MBS and get a loan secured (at over inflated numbers) by a bunch of golf courses for LIV. >
 
This Footnote on Trump Boasting About His Saudi Line of Credit Is Terrifying
September 27, 2023

 

But in a deposition, Trump “seems to imply that the numbers cannot be inflated because he could find a ‘buyer from Saudi Arabia’ to pay any price he suggests,” New York state Supreme Court Judge Arthur Engoron wrote in his ruling.

“This statement may suggest influence buying more than savvy investing,” he added in a footnote. ...

 

Trump has also hosted LIV Golf tournaments at his clubs. The Saudi-backed golf league is widely seen as an attempt to sportswash the country’s human rights record.

 

https://news.yahoo.com/footnote-trump-boasting-saudi-line-165751845.html

Yep, foreign asset.

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11 hours ago, Danderman123 said:

Judge Engoron will probably ensure that the terms of his verdict won't be overturned on appeal. So, he probably won't permanently cancel business licenses.

A judge holds the fate of Trump’s empire: What to know about the coming verdict

Updated 3:56 PM EST, Tue January 30, 2024

 

"After a contentious 11-week trial, Judge Arthur Engoron is poised to rule how much money Trump and his co-defendants owe for fraud as well as whether the former president can still do business in the state. He has already ruled that Trump engaged in fraud."

 

https://edition.cnn.com/2024/01/30/politics/trump-fraud-trial-verdict-what-to-watch-for/index.html

 

This action is in 2 parts and the 'fact' ruling came 26SEP 2023 *. So while Judge Engoron may try to 'ensure' his not yet decided damages awards are not subject to appeal, the 'fact' issue is a fait accompli. No do overs. 

 

And if the 'facts' are overturned on appeal, it may not make any difference what the damages are.

 

* https://s3.documentcloud.org/documents/23991872/ny-ruling-on-trump-business-fraud.pdf

Edited by jerrymahoney
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34 minutes ago, Tug said:

Saw on the news today Alan wisleberg Donnie’s CFO is copping a plea on a perjury charge perhaps more information will come out 

Ex-Trump Org. CFO in talks to plead guilty to perjury charge tied to civil fraud investigation


By CNN Newsource
Published February 1, 2024 3:17 PM

 

As part of the current deal under negotiation, the people said, Weisselberg is not cooperating against his former boss and is not expected to be called as a witness in the criminal trial scheduled to start next month.

 

https://ktvz.com/politics/cnn-us-politics/2024/02/01/ex-trump-org-cfo-in-talks-to-plead-guilty-to-perjury-charge-tied-to-civil-fraud-investigation/

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8 hours ago, jerrymahoney said:

Ex-Trump Org. CFO in talks to plead guilty to perjury charge tied to civil fraud investigation


By CNN Newsource
Published February 1, 2024 3:17 PM

 

As part of the current deal under negotiation, the people said, Weisselberg is not cooperating against his former boss and is not expected to be called as a witness in the criminal trial scheduled to start next month.

 

https://ktvz.com/politics/cnn-us-politics/2024/02/01/ex-trump-org-cfo-in-talks-to-plead-guilty-to-perjury-charge-tied-to-civil-fraud-investigation/

It looks like Weisselberg will die in jail to protect Trump.

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Donald Trump's Fraud Case in New York Is Far From Over | Opinion

Updated Feb 12, 2024 at 9:39 AM EST

 

By Thomas G. Moukawsher
Retired Judge and Author

 

The New York Supreme Court decision in former President Donald Trump's fraud trial will show that American justice is real—and real slow.

Yes, Justice Arthur Engoron's decision will show that no one is above the law.

 

But the case is about to show us something else too—how needless delays will mean that Trump will face no consequences until long after the election. Trump is a master at manipulating the legal system and will doubtless seek to jam its gears in the hope that his election will somehow save him.


Of course, Trump has a right to file an appeal of the Justice's ruling. Review on appeal is fundamental to a fair handling of his case. But it can easily take many years. Here's how.

 

Nominally, Trump has 30 days from the entry of the judgment against him to appeal the ruling. But Trump also has 30 days to ask Engoron to reconsider his ruling. In some courts, you can file multiple motions like these in a series. They stop the clock ticking on the deadline to appeal. A skillful lawyer can drag this pre-appeal process out for months and sometimes years. They start by filing a motion and then seeking extended time to file their briefs. They encourage lawyers for the other side to seek extra time. They seek permission to file additional briefs. They drag their feet about arguing the motions. They insist they should call witnesses even when the trial is over. They might reopen attacks on the judge, the witnesses, or the government, claiming new information and the like. A judge must be mighty fleet of foot to stamp out all these little fires lit under his ruling. Finally, after months or years, the appeal gets filed.

 

https://www.newsweek.com/donald-trumps-fraud-case-new-york-far-over-opinion-1868713

 

 

Edited by jerrymahoney
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34 minutes ago, Walker88 said:

I seem to remember trump making a joke about the passing of Rep Elijah Cummings.

 

 

 

   What joke was that ?

Trump did write :

 

"My warmest condolences to the family and many friends of Congressman Elijah Cummings,” he wrote online. “I got to see first hand the strength, passion and wisdom of this highly respected political leader. His work and voice on so many fronts will be very hard, if not impossible, to replace!”

 

 

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46 minutes ago, Walker88 said:

 

 

I also seem to remember trump making a joke of Paul Pelosi getting hammered in the head.

 

 

 

   It was a few months after the attack though ,

 

“I will stand up to crazy Nancy Pelosi who ruined San Francisco... How's her husband doing by the way? Anybody know?” Mr Trump said at the fall convention of the California Republican Party in Anaheim on Friday.

 

“And she's against building a wall [on] our border even though she has a wall around her house, which obviously didn't do a very good job,” he added to laughter in the room.

 

 

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