The Civil Fraud Ruling on Donald Trump, Annotated
The Civil Fraud Ruling on Donald Trump, Annotated
Former President Donald J. Trump was penalized $355 million plus interest and banned for three years from serving in any top roles at a New York company, including his own, in a ruling on Friday by Justice Arthur F. Engoron.
Can we get a TL:DR?
Yeah,
Trump and his cronies/family committed serial fraud and expressed no remorse to the point that the judge said that Trump and his sons "border on pathological." Then he tore into them for being so imprudent about specific transactions that he chose to reverse the profits from their sale of that shitty post office building. After going on and on, he finally decided to slap everyone gently on the dick and told them they're grounded for 2-3 years and only charged them for the money they saved in interest and completely ignored the billions in assets they gained using false information.
Keep in mind that I'm not a lawyer, but I let one spit in my mouth for $20 once, so I'm pretty qualified.
My understanding is that this limited ruling is still extremely damaging to Trump's finances, and it makes it very difficult for him to appeal on the grounds that there is cause for a mistrial for the judgement being unfair or unnecessarily harsh.
Phoebe from Friends?
If an average person behaved the way he did at trial I suspect they would have gotten the maximum penalty.
“Fuck you, pay the fine”
That’s literally what this is, just read the yellow parts for the cliffs notes