Judge rules Donald Trump defrauded banks, insurers as he built real estate empire
Judge rules Donald Trump defrauded banks, insurers as he built real estate empire
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.
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.
Judge Arthur Engoron, ruling Tuesday in a civil lawsuit brought by New York’s attorney general, found that the former president and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing financing.
There really should be some DOJ investigation into why the SDNY dropped the case in the first place.
Went to Fox News to find this huge story. Scrolled by 7 non stories to find the headline ‘judge announced ruling on trump case’ with a picture of the judge looking black holding a microphone as if she’s some *political activist,” with no mention that he was found guilty of massive decades long fraud.
If he had lost in 2016, Trump TV would have stolen Fox's audience and been the de facto voice of the Republican Party. No indictments. No scrutiny. Hillary would have been in charge during the pandemic and kept the public safe. The Supreme Court would still be a trusted institution (minus Citizens United) running in the political background.
We would have our nice, stable, boring politics back. Hillary would wear a tan pantsuit, and that would be the headline for the next two weeks.
And you wonder why he never wanted to release his tax returns. Becoming President put him under the microscope and what he did after the 2020 election was by his own doing. I hope that Trump supporters stick with him if he's in prison before the 2024 election. It'll be the easiest election to win. One candidate is in prison for attempting to overturn the last election but claims he can pardon himself. The other is not. Hrmmm which one should you vote for?
Letitia James draws first blood.
The big questions that no one is asking:
Why did it take so long to get him for fraud? They specifically mentioned that this was while he was building his real estate empire. He's been doing that since the 80s. Why the fuck did it take some 4 decades to build up a big enough case against him?! Why wasn't he previously investigated? Why weren't any of our useless news agencies digging into his finances? He ran for fucken president, for fucks sakes... why couldn't all this mess have been avoided if various news departments and law enforcement agencies did their damn jobs.
The most egregious thing about all this is that if he didn't run for president, probably none of this criminal activity would ever have really come to light. District attorneys and news rooms across the country would have just let all this slide. Which then makes you wonder - how many other billionaires are there out there who are nearly as corrupt as Trump, but because they don't lavish the media attention, they keep low and none of us know about them. Why aren't those people being investigated? Why does it take decades to go after these asswipes and only when they purposefully shine the light on themselves?
Let covfefe's house of cards crumble like the small whiny weenie that he is!
This is the best summary I could come up with:
NEW YORK (AP) — 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.
Judge Arthur Engoron, ruling Tuesday in a civil lawsuit brought by New York’s attorney general, found that the former president and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing financing.
The decision, days before the start of a non-jury trial in Attorney General Letitia James’ lawsuit, is the strongest repudiation yet of Trump’s carefully coiffed image as a wealthy and shrewd real estate mogul turned political powerhouse.
Beyond mere bragging about his riches, Trump, his company and key executives repeatedly lied about them on his annual financial statements, reaping rewards such as favorable loan terms and lower insurance premiums, Engoron found.
Those tactics crossed a line and violated the law, the judge said, rejecting Trump’s contention that a disclaimer on the financial statements absolved him of any wrongdoing.
Manhattan prosecutors had looked into bringing a criminal case over the same conduct but declined to do so, leaving James to sue Trump and seek penalties that could disrupt his and his family’s ability to do business in the state.
The original article contains 345 words, the summary contains 215 words. Saved 38%. I'm a bot and I'm open source!
Lock him up
Schadenfreude up the wazoo
Syracuse decided they had one too many orangemen
😂 dudes done for
…ahem
*** NO FUCKING SHIT
In equally shocking news: Water is wet.
I hope Trump goes bankrupt and goes to prison for attempting to destroy our democracy