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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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[–] 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.