NonilexDec 14, 2023

Testimony concluded Wed in a $250M #cuvil #fraud #trial against #Trump & his company in #NewYork state, a case in which the judge may issue a bench verdict in January.

The trial stems from a #lawsuit filed by #NYAG #LetitiaJames (D) last year alleging that Trump & executives at the #TrumpOrganization purposely deceived #lenders & #insurance companies over the course of a decade.

https://www.washingtonpost.com/national-security/2023/12/13/trump-new-york-fraud-letitia-james/

Testimony ends in $250 million fraud lawsuit against Trump in New York

Testimony in the $250 million New York civil fraud trial against Donald Trump and his namesake company ended. A judge’s ruling is due in January.

The Washington Post
Show threadNonilexDec 14, 2023

#Trump wrongly profited & saved money by inflating Trump’s #NetWorth by up to $2.2B a year, & his business partners were #cheated out of potential earnings, acc/to #NYAG James.

Trump & his lawyers have denied any wrongdoing, saying that the company followed standard business practices.

NY Supreme Court Justice Arthur #Engoron, who is overseeing the trial, previously set a date for final arguments in January & said he hoped to issue a verdict that month.

#fraud #TrumpTrial

Show threadNonilex
“In a strange way I’m going to miss this trial,” Justice #Engoron quipped Thurs, before the final witness took the stand. The witness was a rebuttal expert called by #NYAG.

Before the trial, Engoron decided a significant portion of the case by finding #Trump & the other defendants #liable for committing #fraud. As part of that decision, he ordered the cancellation of some #TrumpOrganization #business certificates & directed that a receiver be appointed to oversee #dissolution of those entities.
Dec 14, 2023 at 4:31pmWeb
Show threadNonilexDec 14, 2023
#Engoron must now rule on whether the defendants committed specific #illegal acts tied to additional claims in #NYAG James’s lawsuit. As part of that ruling, he’s expected to decide whether #Trump should pay a hefty fine to cover the allegedly #illGottenGains at issue in the case.
Show threadM.S. Bellows, Jr.Dec 14, 2023
@Nonilex Technical Q: are they fines or disgorgements?
Show threadNonilexDec 15, 2023
@msbellows I think disgorgement.