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Taking away Trump’s business empire would stand alone under New York fraud law (apnews.com)

submitted 10 months ago by Rapidcreek@lemmy.world to c/politics@lemmy.world

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"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.”

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[-] gregorum@lemm.ee 22 points 10 months ago* (last edited 10 months ago)

I cannot think of those for which Trump has more contempt. A dissolution of his so-called “empire” and a surrender of those assets to us, the People of New York, would be some sweet, sweet justice, as would banning both him and his sons from conducting business here, even if only for several years.

Not to mention the fact that it would completely and utterly destroy his identity as a “successful businessman“.

this post was submitted on 29 Jan 2024

193 points (92.5% liked)

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