Recent searches
Search options
Administered by:
Judge #Engoron delivered a sweeping array of punishments that threatens #Trump’s business empire as he simultaneously contends w/ 4 #criminal prosecutions & seeks to regain the WH.
Not only did Justice Engoron impose a 3-yr ban preventing Trump from serving in top roles at any NY company but also applied that punishment to TFG’s adult sons for 2 yrs.
One of the sons, #EricTrump, is the #TrumpOrganization’s de facto chief executive, & the ruling throws into doubt whether any member of the family can run the business in the near term.
#Trump will appeal the financial penalty — which could climb to $400 million or more once interest is added — but will have to either come up w/ the money or secure a #bond within 30 days. The ruling will not render him bankrupt, because most of his *wealth* is tied up in real estate.
#Trump will also most likely ask an appeals court to halt the restrictions on him & his sons from running the company while it considers the case.
But there might be little Trump can do to thwart one of the judge’s most consequential punishments: extending for 3 years the appointment of an independent monitor who will be the court’s eyes & ears at the #TrumpOrganization, watching for #fraud & second-guessing transactions that look suspicious.
Between this ruling, & the 2 #EJeanCarroll rulings, #Trump is down half a billion dollars in #legal #damages this year.
My #civil #fraud #TrumpOrganization #TrumpTrial threads:
starting w/ #Engoron’s pretrial #SummaryJudgment:
(I skipped day 7)
Here is the official 92 page ruling from Justice Arthur #Engoron:
Notably on p. 87:
"Their complete lack of contrition & remorse borders on the pathological. …Trump is not Bernie Madoff. Yet, [these] defendants are incapable of admitting the error of their ways."
p. 88:
“this Court finds that defendants are likely to continue their #fraudulent ways unless the Court grants significant #injunctive relief.”
Andrew Weissmann nails it again, “this guy can’t be trusted to run a company for three years without a babysitter?”
But we’re going to let him run the most powerful country on the planet????”
@Nonilex
And the answer (I hope) is, "No, we're not going to let him do that."