In a stunning, pre-trial win in New York attorney general's all-out war on the Trump Organization, a Manhattan judge has found that Donald Trump committed fraud for years by inflating his worth to banks and insurers by as much as $3.6 billion a year.
A strongly-worded ruling by state Supreme Court Justice Arthur Engoron rejected outright Trump's request for a range of pre-trial victories, calling his arguments "rehashed" and "erroneous."
Instead, the judge gave a major victory to Attorney General Letitia James, immediately revoking Trump's license to do business in New York.
"It's the corporate death penalty," said Diana Florence, a veteran financial crimes prosecutor for the Manhattan district attorney's office, now in private practice.
"This ruling essentially dissolves his company," she said, though she predicted that years of appeals may pass before anything actually happens.
Bye bye Trump org!
Going into receivership within two weeks. Golf courses now owned by state.
sigh that last quote about it getting tied up in appeals is the shitty part. It'll hang in limbo and trump will die without ever seeing a consequence. He'll die thinking (and largely correctly) that he won.
Hey, Texas, you paying attention? Corporations can be executed too!
Bye bye Trump org!
Going into receivership within two weeks. Golf courses now owned by state.
sigh that last quote about it getting tied up in appeals is the shitty part. It'll hang in limbo and trump will die without ever seeing a consequence. He'll die thinking (and largely correctly) that he won.
Hey, Texas, you paying attention? Corporations can be executed too!