NonilexTrump banned from doing #business in #NY for 3 years & ordered to pay $364 million
#legal #law #civil #conspiracy #fraud #TrumpOrganization #NYAG #LetitiaJames #TrumpTrial
Judge #Engoron delivered a sweeping array of punishments that threatens #Trump’s business empire as he simultaneously contends w/ 4 #criminal prosecutions & seeks to regain the WH.
Not only did Justice Engoron impose a 3-yr ban preventing Trump from serving in top roles at any NY company but also applied that punishment to TFG’s adult sons for 2 yrs.
One of the sons, #EricTrump, is the #TrumpOrganization’s de facto chief executive, & the ruling throws into doubt whether any member of the family can run the business in the near term.
#Trump will appeal the financial penalty — which could climb to $400 million or more once interest is added — but will have to either come up w/ the money or secure a #bond within 30 days. The ruling will not render him bankrupt, because most of his *wealth* is tied up in real estate.
#Trump will also most likely ask an appeals court to halt the restrictions on him & his sons from running the company while it considers the case.
But there might be little Trump can do to thwart one of the judge’s most consequential punishments: extending for 3 years the appointment of an independent monitor who will be the court’s eyes & ears at the #TrumpOrganization, watching for #fraud & second-guessing transactions that look suspicious.
Between this ruling, & the 2 #EJeanCarroll rulings, #Trump is down half a billion dollars in #legal #damages this year.
My #civil #fraud #TrumpOrganization #TrumpTrial threads:
starting w/ #Engoron’s pretrial #SummaryJudgment:
Nonilex (@[email protected])
Woo Hoo! #Trump is found #liable for #fraud in #NewYork #civil case A #NY #judge ruled Donald Trump is liable for fraud for #exaggerating his #NetWorth by #billions of dollars a year on #financial #records submitted to #banks & #insurers, a major #victory for the state’s AG #TishJames before a high-stakes #civil #trial over remaining claims in the case. https://www.bloomberg.com/news/articles/2023-09-26/trump-found-liable-for-fraud-in-ny-attorney-general-s-case
Day1: https://masto.ai/@Nonilex/111165905370021680
Day2: https://masto.ai/@Nonilex/111171796760680512
Day3: https://masto.ai/@Nonilex/111177313717257736
Day4: https://masto.ai/@Nonilex/111183009117219172
Day5: https://masto.ai/@Nonilex/111188395674423018
Day6: https://masto.ai/@Nonilex/111211387247370729
#Trump #legal #law #civil #conspiracy #fraud #TrumpOrganization #NYAG #LetitiaJames #TrumpTrial
Nonilex (@[email protected])
#Trump’s #Trial in #NewYork #Civil #Fraud Case Begins The trial is scheduled to last until the end of Dec but is expected to end sooner. Trump arrived in the courtroom & strode past AG #LetitiaJames, seated in the first row, w/o making eye contact & immediately took a seat at the defense table. While pool photographers took his picture at the defense table, looking solemn, in camera-ready way, Judge #Engoron looked amused. https://www.nytimes.com/live/2023/10/02/nyregion/trump-fraud-trial?smid=nytcore-ios-share&referringSource=articleShare
(I skipped day 7)
Day8: https://masto.ai/@Nonilex/111222976412577110
Day9: https://masto.ai/@Nonilex/111228178563643958
#Trump #legal #law #civil #conspiracy #fraud #TrumpOrganization #NYAG #LetitiaJames #TrumpTrial
Nonilex (@[email protected])
So Far at Trump’s #Civil #Fraud #Trial On Wed, Justice Arthur #Engoron explained why he alone would decide the trial’s outcome rather than a #jury. #Trump went on trial this Oct in a #NewYork courtroom, facing a threat to the #business “empire” that informed his #public #persona & undergirded his run for the #WhiteHouse. Wed was the 7th day of the #TrumpTrial. #legal #law #civil #conspiracy #fraud #TrumpOrganization https://www.nytimes.com/article/trump-fraud-trial-takeaways.html?smid=nytcore-ios-share&referringSource=articleShare
Here is the official 92 page ruling from Justice Arthur #Engoron:
Notably on p. 87:
"Their complete lack of contrition & remorse borders on the pathological. …Trump is not Bernie Madoff. Yet, [these] defendants are incapable of admitting the error of their ways."
#Trump #legal #law #civil #conspiracy #fraud #TrumpOrganization #NYAG #LetitiaJames #TrumpTrial #GAAP
p. 88:
“this Court finds that defendants are likely to continue their #fraudulent ways unless the Court grants significant #injunctive relief.”
#Trump #legal #law #civil #conspiracy #fraud #TrumpOrganization #NYAG #LetitiaJames #TrumpTrial #GAAP #Engoron
@billclassified
Steve Hersey
Unabogie has voted Kamala!@Nonilex on the next page he points out that both Trump and his son Eric keep doing frauds, like Trump U and the fake charities.
Mastodon MigrationUnderstand that he can not use campaign funds to secure or post the bond needed to file appeals.