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Trump Ordered to Pay Over $350 Million and Barred From New York Business
(www.nytimes.com)
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this post was submitted on 16 Feb 2024
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He's not allowed to control or direct the company for those 3 years, and the sum of the judgment might be enough to force the company to be sold off
Maybe, but somehow I don't think it'll play out that way.
I think one of two things will happen with the businesses. First, it may turn out that they owe so much because of the fraudulently acquired loans that they are not really profitable and will end up failing. They simply might not viable without the ongoing fraud. It'll get particularly dicey if the banks Trump and his companies defrauded decide to use the ruling to demand that the loans be immediately repaid. I doubt that will happen, but it'd be fun to watch.
On the other hand, Trump is such a bone head businessman that he could actually be richer if he'd just invested his inheritance in the stock market and not started his own businesses. This is a guy who managed to bankrupt multiple casinos. The saying, the house always wins, apparently doesn't apply when Trump is running the house. Without his tiny, incompetent hands at the wheel, his companies might actually start running more efficiently. Whoever will be running them instead of Trump may just do a better job than him, since they won't be so focused on committing crimes. Trump could actually make more money from them than he would otherwise.