WhichEndDoITypeIntoAgain
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The surprising decision by Justice Arthur F. Engoron is a major victory for Attorney General Letitia James in her lawsuit against Mr. Trump, effectively deciding that no trial was needed to determine that he had fraudulently secured favorable terms on loans and insurance deals.
- NYT
Now the trial just determines the size of the penalties he has to pay. The decision alone cancels business certificates allowing him to operate properties in New York
FAFO motherfucker!!!
kiddk00l
twoamartist
Good.
djangojazz
Wake me up when something actually happens to him.
GlenL
Of all the things he's been accused of, I can 100% guarantee that the only thing he's actually worried about is that people will find out he isn't rich
AshenLady
Yesssss. He couldn’t care less about classified-mishandled-felony-whateverTF. Expose his business as fraudulent tho? And that he ridiculously lies about his wealth? This is the case that matters to him. This one.
FirePrinceZuzu
Clear your notifications!
WhichEndDoITypeIntoAgain
At least my battery is charged?
yeahhedugit
"When you're president, You can pretend you have billions more than you actually have." - DT accounting justification
Totallynotarealbear
He's literally said he decides how rich he is based on how he feels that day. He just makes a fucking number up!
ambalika
/gallery/WHFU0zM full ruling on imgur as the above nytimes link forces you to sign in
IDoStuffZ
So this is only just what Orange Child did. How does that compare to the rest of the society of building owners across USA?
Blabulus
Trump has no relationship with the truth at all, he's never seen it and never spoken it, he's at the depths of total delusion!
Safflower777
Trump has MORE INDICTMENTS than Biden has YEARS ON THE PLANET.
cyounghmfce
Why does it take the justice system so long to finally make a judgement on something so obvious that the public has known since the 1990s?
EllisHobbs
lostwalllet
This matters. If the trump cartel was able to get off the hook it would set a precedent that anyone could lie on financial forms without penalties. Next up, state tax audits…
KamikazeGerbil101
Every bank, insurance company, and others will be suing him now !
achren
But is it a felony?
scout27302
Yes
QuicklyThisWay
K80k
What would it take in these legal proceedings (right word?) for him to not be allowed to run for 2024?
Fendeezy
Some state laws and constitutions bar felons from running for office, but that’s for state or local offices only.
JackingMeHoff
Confiscate and liquidate all of Trump real estate holdings including monies he illegally made from them. Make him penniless.
ambalika
Source: https://www.nytimes.com/interactive/2023/09/26/us/trump-judges-ruling.html
WhichEndDoITypeIntoAgain
Appreciated - I only realized after I had posted that I'd forgotten to link
ambalika
/gallery/WHFU0zM full ruling on imgur as the above nytimes link forces you to sign in
WhichEndDoITypeIntoAgain
And it is SUCH a good read!!! Highly recommend. Engoron GOES OFF on Trump's lawyers
yeahhedugit
"I have too much money to count." - DT probably
NeverDownvoteMelBrooks
"surprising decision"?
WhichEndDoITypeIntoAgain
This was the judge's decision in response to James's request for summary judgment - so a surprise that the guilty determination came down on count 1 of 7, when trial is supposed to start next week. And it's a doozy of a decision - he loses all business licenses issued to himself or his companies named in the indictment, which covers nearly all of his marquee properties AFAIK. They're taking away his shit.
yellwfever
Trumps new campaign slogan. “Make Me Great Again!
SoberAndBored
What the Trump organisation does is buys a property, then takes out interest only loans against it. They pay the interest for the term of the loan, then they have to pay back the full value of the loan all in one go, when it comes due. They then use the money they borrowed to offset taxes (because they have debts) and to buy more property, then repeat the process. When the loan has been repaid, they just take out another loan against the property and repeat the process. As long as they can pay
SoberAndBored
when the loan comes due, everyone's happy. They make their profit from the difference between the income from the properties and the interest payments they have to make. But. They've been inventing the values of their properties, and changing them depending on who is asking. As usual, Trump blew his own defences by saying he was the one valuing the properties, and that they were worth whatever he said they were. Some of the ways he's lied are amazing: he said the penthouse of Trump Tower was 3
SoberAndBored
times as big as it really is. He had a valuation done on empty fields in Scotland next to one of his golf clubs, but the valuation was if they'd been fully developed with multimillion pound properties, and then as if 2500 smaller homes had been built on them. This gave empty fields in Scotland a value as $361.4 MILLION dollars. Oh, and the local council denied him planning permission for what he wanted, and the Trump Organisation did a valuation of what they would allow as anywhere between
SoberAndBored
$21 million and -$34 million - i.e. building what the council would let them build would cost $34 million more than they could then sell the property for, all the way up to they could sell the properties for $21 million more than it would cost to build them. How can a property company have a spread of $55 million ?
Scallion420
More I declare, more taxes I pay?!?!
GRaffted
Another sauce: https://www.youtube.com/watch?v=akyitagxDs8
badgesweedontneednostinkingbadges
That "no trial needed" thing bothers me. Nobody, even this dirtbag, should be denied their day in court. That alone sounds like grounds for appeal.
scout27302
Why waste time and money on a trial when the proof of his fraudulent activities is in paperwork from his own companies. His lawyers have no reasonable arguments and he admits in sworn depositions that he was involved in the valuation of his properties. The evidence was reviewed by legal and financial experts. Writing down that the penthouse in rump tower is three times the size it actually is?! There is no question that the fraudster committed fraud. He and his enablers are guilty wretches.
AshenLady
IIRC, defendant requested a summary judgement be made. so this just landed butter side down for them.
badgesweedontneednostinkingbadges
OK, that's actually funny.
bronx72a
Please take its name off the tower in Chicago.
AshenLady
I’ll bring the ladder.
smirt
He’s going to use the no trial thing to rile up his base
NKato
Funny thing, the evidence was so overwhelming that a jury trial was utterly pointless.
smirt
You know that doesn’t matter to his supporters. If it did we wouldn’t be in this mess.
mksu
Trump's a broke ass mother fucker who has lived the life of a billionaire simply by telling everyone he's a billionaire.
barbarian818
The ultimate toxic "fake it 'till you make it" influencer
SophieClockwise
This is literally how most "influencers" operate, often getting into massive debt filming themselves living pretend lifestyles they actually cannot afford, all in order to hopefully have people give them the money to enable them to do it for real.
Vergenbuurg
The cretin took his daddy's $400 million, and used it to *cosplay* as a billionaire for decades. When that ran out, he took dirty money from whoever was offering, mainly Russia, with a notable portion from China, as well. His efforts to fracture and destabilize America are part of him paying them back.
Larkins
sadly, his cult has sent him millions to continue his lies.
sneakinglurkingpeepingguy
Conning people is the only thing he's truly been successful at. It got him all the way to the oval office.
HUGHgReaction
You have to admit he is a master showman. He has so many people sucked in deep. Stupid people but there is at least 70 million of them. Not many others have been able yo do that on this scale.
graehall
He's got a lot of stupid people sucked in deep, but far more who can't stand his bullshit. Not a master showman, just a shitty grifter
sneakinglurkingpeepingguy
Possibly the greatest confidence man of all time
graehall
For all of the people who posted the "ain't nothin' gonna happen" GIF in the past. This is it happening. His business in New York got booted
crodrigues
I am dying to see that fuck bastard lose his turd-a-largo pride, one can only hope that happens one day.
LateNightBunnyParty
WhichEndDoITypeIntoAgain
hellodeliciousfriend
There's literally already someone in the comments arguing that this doesn't mean anything lol.
graehall
Hey go easy on them, they've got an exercise routine and it's important they stick to it, moving the goal posts is good cardio!
Cataleast
Don't get me wrong, the potential of a complete dissolution of the Trump organisation is tasty, but I want to see his ass in an orange jump suit that out-oranges his spray tan.
Feralkyn
I don't think we'll ever see that. The powers that be want him away from any chance to run at office but that's as far as it'll go--he'll be in a min. security white-collar prison or house arrest, if anything. He'll need to be a felon, or dead, not in gen. pop.
Totallynotarealbear
Oh wow he's being kicked out of New York only 49 other states for him to make money in, I'm sure this will completely humble and break him and he won't raise millions from his idiot cultists to "defend himself from the democrats witch hunt"
prfesser
It'll be a trifle difficult, moving "his" properties to Mississippi, Arkansas, Alabama, or any other bastion of wealth. The court would probably take notice of a tower being hauled thru the city.
graehall
New York was the central hub of his shady business and real estate empire, which is now being torn down and kicked out. This is bad for him
Feralkyn
Bro that's where all his shit was