Donald Trump has been ordered to pay a $355 million fine and has been barred from doing business in New York State for three years.
The New York State laws used to go after Trump have NEVER been used in this way, historically, and
Donald Trump has been ordered to pay a $355 million fine and has been barred from doing business in New York State for three years. Judge Arthur Engoron ordered Trump to pay essentially all of his cash reserves of $400 million, which fine if upheld would force Trump to sell some of his real estate holdings to raise cash to live on. Once interest is added on the total fine will rise to $450 million. This is all on top of an $83.3 million fine Trump must pay for allegedly defaming the writer E. Jean Carroll. The fines in total could deprive Trump of between 11% and 13% of his wealth. Trump's adult sons Donald Jr. and Eric have also been fined, and they are barred from doing business in New York State for two years. Ivanka or Melania Trump could legally run the Trump businesses for the next two years, but Judge Engoron appointed retired U.S. District Judge Barbara Jones to continue in her role as an "independent monitor" of the Trump business empire but expanded her authority to review financial disclosures before they are submitted to third parties. Judge Jones can hire an independent director of compliance, and she has the authority to compel Trump to sell some or even all of his businesses down the road. This is all punishment for Trump allegedly committing fraud by falsely in inflating and deflating the value of his real estate assets to pay lower state taxes and to receive more favorable loans from banks.
The New York State laws used to go after Trump have NEVER been used in this way, historically, and while Trump may owe some back state taxes, if Judge Engoron is right, not a single bank claimed that it had been defrauded by Trump in the loans it had made to him. This is truly a victimless crime.
Bankers took the stand at Trump's civil trial testifying that they would have gladly made loans to Donald Trump given his extraordinary success as a businessman. It must also be noted that the banks that made loans to Trump did not take his assessment of the net worth of his assets at face value but made their own independent assessments of the value of Trump's assets. This is apparently standard practice in the New York State real estate market where borrowers often overstate the value of their assets.
The bottom line is that a never before used New York State penalty has been twisted into a tool for a grossly excessive fine and more seriously the completely inappropriate appointment of Judge Jones as an "independent monitor" who can micromanage the Trump business, which she is not competent to do, and to even order the dissolution of the Trump Business in New York State. This outcome was pursued by Letitia James, a politically ambition Democrat, who is the Attorney General of New York State, and who hopes to win a future Democratic primary for Governor of or Senator from New York State.
Ms. James and Judge Engeron have essentially turned a vaguely worded New York State law into a modern day Bill of Attainder targeted at Donald Trump both for political gain and because they despise his political views and desperately want to call his truthfulness into question as he runs for President of the United States inn 2024. In doing this, the have violated Trump's First Amendment right to freedom of speech and of the press; his Fifth Amendment right not to be deprived of liberty or property without due process of law; his Fifth Amendment right not to have property taken away from him except for a pubic use with just compensation being paid; his Eighth Amendment right not to be made to pay an excessive fine; his Article IV, Section 2 right as a citizen of Florida to do make and enforce contracts in New York on the same terms as are other New Yorkers; and his Fourteenth Amendment right to be free to pursue an occupation without unnecessary and burdensome regulation.
The civil fraud judgment against Donald Trump is a travesty and an unjust political act rivaled only in American politics by the killing of former Treasury Secretary Alexander Hamilton by Vice President Aaron Burr. If the New York State appellate courts do not reverse this judgment, the U.S. Supreme Court MUST grant cert on this case and reverse Judge Engeron's outrageous decisions. National, presidential politics will be permanently altered if a local State's legal system can be used in this way against candidates for President of the United States. This case raises a national issue of profound importance and if the New York State appellate courts do not address it, the U.S. Supreme Court MUST!
--
Let's go Brandon!
On 2/19/2024 5:05 PM, Ubiquitous wrote:
Donald Trump has been ordered to pay a $355 million fine and has been
barred from doing business in New York State for three years.
Entirely lawfully and appropriately.
The New York State laws used to go after Trump have NEVER been used
in this way, historically, and
That's a lie.
On 2/19/2024 6:05 PM, Ubiquitous wrote:
Donald Trump has been ordered to pay a $355 million fine and has been barred >> from doing business in New York State for three years. Judge Arthur Engoron >> ordered Trump to pay essentially all of his cash reserves of $400 million, >> which fine if upheld would force Trump to sell some of his real estate
holdings to raise cash to live on. Once interest is added on the total fine >> will rise to $450 million. This is all on top of an $83.3 million fine Trump
must pay for allegedly defaming the writer E. Jean Carroll. The fines in
total could deprive Trump of between 11% and 13% of his wealth. Trump's
adult sons Donald Jr. and Eric have also been fined, and they are barred from
doing business in New York State for two years. Ivanka or Melania Trump
could legally run the Trump businesses for the next two years, but Judge
Engoron appointed retired U.S. District Judge Barbara Jones to continue in >> her role as an "independent monitor" of the Trump business empire but
expanded her authority to review financial disclosures before they are
submitted to third parties. Judge Jones can hire an independent director of >> compliance, and she has the authority to compel Trump to sell some or even >> all of his businesses down the road. This is all punishment for Trump
allegedly committing fraud by falsely in inflating and deflating the value of
his real estate assets to pay lower state taxes and to receive more favorable
loans from banks.
The New York State laws used to go after Trump have NEVER been used in this >> way, historically, and while Trump may owe some back state taxes, if Judge >> Engoron is right, not a single bank claimed that it had been defrauded by
Trump in the loans it had made to him. This is truly a victimless crime.
Claiming your property is worth more than it is while getting loans (by >playing tricks like inflating the occupancy rate) means the honest
businesses pay more in interest to make up for your gain.
Claiming property is worth less than it is at tax time, by doing things
like keeping a second set of books that shows the occupancy rate is very
low, means honest businesses pay more in taxes to make up for your cheating.
Using two or three sets of books to defraud lenders, renters, and tax >authorities is not a victimless crime.
Trump's right, though, that if he hadn't become president, his crimes
might have gone undetected thanks to his reputation for suing the shit
out of people and using NDAs. But after a few people got out from under
the NDAs and started squealing, it was no longer as easy to hide all his >crimes.
NoOne@private.corp wrote:
On 2/19/2024 6:05 PM, Ubiquitous wrote:
Donald Trump has been ordered to pay a $355 million fine and has
been barred from doing business in New York State for three years.
Judge Arthur Engoron ordered Trump to pay essentially all of his
cash reserves of $400 million, which fine if upheld would force
Trump to sell some of his real estate holdings to raise cash to live
on. Once interest is added on the total fine will rise to $450
million. This is all on top of an $83.3 million fine Trump must pay
for allegedly defaming the writer E. Jean Carroll. The fines in
total could deprive Trump of between 11% and 13% of his wealth.
Trump's adult sons Donald Jr. and Eric have also been fined, and
they are barred from doing business in New York State for two years.
Ivanka or Melania Trump could legally run the Trump businesses for
the next two years, but Judge Engoron appointed retired U.S.
District Judge Barbara Jones to continue in her role as an
"independent monitor" of the Trump business empire but expanded her
authority to review financial disclosures before they are submitted
to third parties. Judge Jones can hire an independent director of
compliance, and she has the authority to compel Trump to sell some
or even all of his businesses down the road. This is all punishment
for Trump allegedly committing fraud by falsely in inflating and
deflating the value of his real estate assets to pay lower state
taxes and to receive more favorable loans from banks.
The New York State laws used to go after Trump have NEVER been used
in this way, historically, and while Trump may owe some back state
taxes, if Judge Engoron is right, not a single bank claimed that it
had been defrauded by Trump in the loans it had made to him. This
is truly a victimless crime.
Claiming your property is worth more than it is while getting loans
(by playing tricks like inflating the occupancy rate) means the honest >>businesses pay more in interest to make up for your gain.
Claiming property is worth less than it is at tax time, by doing
things like keeping a second set of books that shows the occupancy
rate is very low, means honest businesses pay more in taxes to make up
for your cheating.
Using two or three sets of books to defraud lenders, renters, and tax >>authorities is not a victimless crime.
Trump's right, though, that if he hadn't become president, his crimes
might have gone undetected thanks to his reputation for suing the
shit out of people and using NDAs. But after a few people got out from >>under the NDAs and started squealing, it was no longer as easy to hide
all his crimes.
Ah, so you're OK with John Stewart being charged and sent to jail for
doing the same?
NoOne@private.corp wrote:
On 2/19/2024 6:05 PM, Ubiquitous wrote:
Donald Trump has been ordered to pay a $355 million fine and has been barredClaiming your property is worth more than it is while getting loans (by
from doing business in New York State for three years. Judge Arthur Engoron
ordered Trump to pay essentially all of his cash reserves of $400 million, >>> which fine if upheld would force Trump to sell some of his real estate
holdings to raise cash to live on. Once interest is added on the total fine
will rise to $450 million. This is all on top of an $83.3 million fine Trump
must pay for allegedly defaming the writer E. Jean Carroll. The fines in >>> total could deprive Trump of between 11% and 13% of his wealth. Trump's >>> adult sons Donald Jr. and Eric have also been fined, and they are barred from
doing business in New York State for two years. Ivanka or Melania Trump >>> could legally run the Trump businesses for the next two years, but Judge >>> Engoron appointed retired U.S. District Judge Barbara Jones to continue in >>> her role as an "independent monitor" of the Trump business empire but
expanded her authority to review financial disclosures before they are
submitted to third parties. Judge Jones can hire an independent director of
compliance, and she has the authority to compel Trump to sell some or even >>> all of his businesses down the road. This is all punishment for Trump
allegedly committing fraud by falsely in inflating and deflating the value of
his real estate assets to pay lower state taxes and to receive more favorable
loans from banks.
The New York State laws used to go after Trump have NEVER been used in this
way, historically, and while Trump may owe some back state taxes, if Judge >>> Engoron is right, not a single bank claimed that it had been defrauded by >>> Trump in the loans it had made to him. This is truly a victimless crime. >>
playing tricks like inflating the occupancy rate) means the honest
businesses pay more in interest to make up for your gain.
Claiming property is worth less than it is at tax time, by doing things
like keeping a second set of books that shows the occupancy rate is very
low, means honest businesses pay more in taxes to make up for your cheating. >>
Using two or three sets of books to defraud lenders, renters, and tax
authorities is not a victimless crime.
Trump's right, though, that if he hadn't become president, his crimes
might have gone undetected thanks to his reputation for suing the shit
out of people and using NDAs. But after a few people got out from under
the NDAs and started squealing, it was no longer as easy to hide all his
crimes.
Ah, so you're OK with John Stewart being charged and sent to jail for doing the
same?
NoOne@private.corp wrote:
On 2/19/2024 6:05 PM, Ubiquitous wrote:
Donald Trump has been ordered to pay a $355 million fine and has been
barred from doing business in New York State for three years. Judge
Arthur Engoron ordered Trump to pay essentially all of his cash
reserves of $400 million, which fine if upheld would force Trump to
sell some of his real estate holdings to raise cash to live on. Once
interest is added on the total fine will rise to $450 million. This
is all on top of an $83.3 million fine Trump must pay for allegedly
defaming the writer E. Jean Carroll. The fines in total could deprive
Trump of between 11% and 13% of his wealth. Trump's adult sons Donald
Jr. and Eric have also been fined, and they are barred from doing
business in New York State for two years. Ivanka or Melania Trump
could legally run the Trump businesses for the next two years, but
Judge Engoron appointed retired U.S. District Judge Barbara Jones to
continue in her role as an "independent monitor" of the Trump business
empire but expanded her authority to review financial disclosures
before they are submitted to third parties. Judge Jones can hire an
independent director of compliance, and she has the authority to
compel Trump to sell some or even all of his businesses down the road.
This is all punishment for Trump allegedly committing fraud by
falsely in inflating and deflating the value of his real estate assets
to pay lower state taxes and to receive more favorable loans from
banks.
The New York State laws used to go after Trump have NEVER been used
in this way, historically, and while Trump may owe some back state
taxes, if Judge Engoron is right, not a single bank claimed that it
had been defrauded by Trump in the loans it had made to him. This is
truly a victimless crime.
Claiming your property is worth more than it is while getting loans (by >>playing tricks like inflating the occupancy rate) means the honest >>businesses pay more in interest to make up for your gain.
Claiming property is worth less than it is at tax time, by doing things >>like keeping a second set of books that shows the occupancy rate is very >>low, means honest businesses pay more in taxes to make up for your >>cheating.
Using two or three sets of books to defraud lenders, renters, and tax >>authorities is not a victimless crime.
Trump's right, though, that if he hadn't become president, his crimes
might have gone undetected thanks to his reputation for suing the shit
out of people and using NDAs. But after a few people got out from under
the NDAs and started squealing, it was no longer as easy to hide all his >>crimes.
Ah, so you're OK with John Stewart being charged and sent to jail for
doing the same?
--
Let's go Brandon!
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