A New York judge has spared Donald Trump a “corporate death penalty” ruling, but the business did get hit hard with bans and cash penalties.
Donald Trump won’t face the corporate death penalty after all.
A New York judge on Friday spared the ex-president that worst case punishment as he ruled in a civil case alleging Trump fraudulently misrepresented financial figures to get cheaper loans and other benefits.
Still, Trump got slammed hard, facing big cash penalties, outside supervision of his companies and restrictions on his borrowing.
In a pretrial ruling last year, the same judge threatened to shut down much of the Republican presidential front-runner’s business by calling for the “dissolution” of corporate entities that hold many of his marquee properties. That raised the specter of possible fire sales of Trump Tower, a Wall Street skyscraper and other properties.
But New York Supreme Court Judge Arthur Engoron called off the dissolution.
Instead, he said the court would appoint two monitors to oversee the Trump Organization to make sure it doesn’t continue to submit false figures.
"Slammed" by having a fine realistic enough for his PACs to pay off, banned from doing business in New York for a whole three years, limited supervision and restrictions.
This is utter bullshit, especially considering his and his lawyers' behaviors in the courtroom.
At the bare minimum his assets should have been seized.
If you still think that would stop Trump and his cult or that there would be any consequences severe enough to discourage even NORMAL bad actors from doing it, you clearly haven't been paying attention..
He's never going to pay a dime of that money. He will appeal, posting a bond, and delay for as long as he can, and then assuming he can't get his judges to reduce or eliminate the fine, the money will magically appear, mostly in rubles and renminbi.
He is only prohibited from serving as a director or an officer of a company in New York. Trump doesn't need a title to tell people what to do.
It's only for three years.
Don't misunderstand, I think it's good that the fine was high, and the restrictions were as severe as they could have been. The appellate courts already indicated that dissolution would not be upheld on appeal.
But our justice system is broken. There are no rules for the wealthy and well connected. There are no consequences for brazen crimes and treason, as long as you can get enough idiots to support your candidacy for president.
Have you tried paying a fine in the US with anything else than USD? What are you even talking about
Still a bad look
He'll probably be dead by then anyway
It's probably a much better outcome for the average Joe, since, and people don't seem to think about this, there are people who work for Trump. The higher ups might and probably are shitty people, but on the lower level, there are regular people trying to pay their bills, and dissolving the whole thing would hurt those the most
I'm saying that if he is finally forced to fork over the cash, it's going to come from international donations in return for additional state secrets. Or they'll just Epstein him.
In any case, Trump already has enough in cash to pay much of that penalty, assuming he is telling the truth about his finances. In a deposition in the fraud case, he said he had more than $400 million in cash.
Ah shit. Be prepared for this entire thread being about people who are apoplectic about the word "slammed" with zero discussion of the content in the article. Its truly a bizarre fixation that intentionally or not serves to blame shift to a kill the messenger vibe.