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@politics on kbin.social is a magazine to share and discuss current events news, opinion/analysis, videos, or other informative content related to politicians, politics, or policy-making at all levels of governance (federal, state, local), both domestic and international. Members of all political perspectives are welcome here, though we run a tight ship. Community guidelines and submission rules were co-created between the Mod Team and early members of @politics. Please read all community guidelines and submission rules carefully before engaging our magazine.

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Judge rules Donald Trump defrauded banks, insurers while building real estate empire (apnews.com)

submitted 2 years ago by btaf45@kbin.social to c/politics@kbin.social

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A judge has ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House.

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[–] fiat_lux@kbin.social 9 points 2 years ago (1 children)

For anyone else wondering but who doesn't want to click:

Manhattan prosecutors had looked into bringing criminal charges over the same conduct but declined to do so

If not successfully appealed, the order would strip Trump of his authority to make strategic and financial decisions over some of his key properties in the state.

So again, the worst punishment for the rich is having a small portion of their ill-gotten gains taken away. The people of Manhattan need to get on their prosecutor's cases and get some criminal charges going.

[–] jordanlund@lemmy.one 2 points 2 years ago (1 children)

It's a little bit more than that, but we won't know what until the trial on Monday.

Possible outcomes:

Trump org is dissolved.
Assets are seized.
Trump, Jr., and Eric are banned from ever being corporate officers in NY.
5 year ban on obtaining loans.

[–] fiat_lux@kbin.social 1 points 2 years ago

Here's hoping, but I dont have much faith that they haven't already shell-gamed the good assets into other non-NY companies.