A judge ruled Tuesday that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House, and he ordered some of the former president’s companies removed from his control and dissolved.
Lock him up! Lock him up!
This is the best summary I could come up with:
NEW YORK (AP) — A judge has ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House.
Judge Arthur Engoron, ruling Tuesday in a civil lawsuit brought by New York’s attorney general, found that the former president and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing financing.
The decision, days before the start of a non-jury trial in Attorney General Letitia James’ lawsuit, is the strongest repudiation yet of Trump’s carefully coiffed image as a wealthy and shrewd real estate mogul turned political powerhouse.
Beyond mere bragging about his riches, Trump, his company and key executives repeatedly lied about them on his annual financial statements, reaping rewards such as favorable loan terms and lower insurance premiums, Engoron found.
Those tactics crossed a line and violated the law, the judge said, rejecting Trump’s contention that a disclaimer on the financial statements absolved him of any wrongdoing.
Manhattan prosecutors had looked into bringing a criminal case over the same conduct but declined to do so, leaving James to sue Trump and seek penalties that could disrupt his and his family’s ability to do business in the state.
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Oh no, he fucked with rich people's money. That was his first mistake. His second was getting so famous that his crimes came out into the open.
Lol. A typical disclaimer on a financial statement only works between the CEO and the board or owners, so that the board/owner takes the responsibility of whatever the CEO was hired to do. It's not possible to make a disclaimer that removes the responsibility for illegal things.
Beautiful! Can't wait until he's destitute and in jail.
“donald trump is a fraud. Also: water is wet and fire is hot. We’ll have more basic facts that even a moron should know after these messages from our sponsors…”
