Taking away Trump’s business empire would stand alone under New York fraud law
Taking away Trump’s business empire would stand alone under New York fraud law
AP’s review of nearly 150 cases since New York’s “repeated fraud” statute was passed showed that nearly every previous time a company was taken away, victims and losses were key factors.
"Within days, Donald Trump could potentially have his sprawling real estate business empire ordered ‘dissolved’ for repeated misrepresentations on financial statements to lenders, adding him to a short list of scam marketers, con artists and others who have been hit with the ultimate punishment for violating New York’s powerful anti-fraud law,” the AP reports.
“An Associated Press analysis of nearly 70 years of civil cases under the law showed that such a penalty has only been imposed a dozen previous times, and Trump’s case stands apart in a significant way: It’s the only big business found that was threatened with a shutdown without a showing of obvious victims and major losses.”
You're viewing a single thread.
I love how these idiots continuing to commit fraud even after knowing they were under investigation and to this day insisting nothing is wrong with the fraud is somehow a valid legal reason/excuse to go easy on them. All that does is make others want to max out the crazy with their own fraud, since there's now precedent for them to lean on when they get caught.