A New York judge has spared Donald Trump a “corporate death penalty” ruling, but the business did get hit hard with bans and cash penalties.

Donald Trump won’t face the corporate death penalty after all.

A New York judge on Friday spared the ex-president that worst case punishment as he ruled in a civil case alleging Trump fraudulently misrepresented financial figures to get cheaper loans and other benefits.

Still, Trump got slammed hard, facing big cash penalties, outside supervision of his companies and restrictions on his borrowing.

In a pretrial ruling last year, the same judge threatened to shut down much of the Republican presidential front-runner’s business by calling for the “dissolution” of corporate entities that hold many of his marquee properties. That raised the specter of possible fire sales of Trump Tower, a Wall Street skyscraper and other properties.

But New York Supreme Court Judge Arthur Engoron called off the dissolution.

Instead, he said the court would appoint two monitors to oversee the Trump Organization to make sure it doesn’t continue to submit false figures.

  • themeatbridge@lemmy.world
    525·
    9 months ago

    1. He’s never going to pay a dime of that money. He will appeal, posting a bond, and delay for as long as he can, and then assuming he can’t get his judges to reduce or eliminate the fine, the money will magically appear, mostly in rubles and renminbi.

    2. He is only prohibited from serving as a director or an officer of a company in New York. Trump doesn’t need a title to tell people what to do.

    3. It’s only for three years.

    Don’t misunderstand, I think it’s good that the fine was high, and the restrictions were as severe as they could have been. The appellate courts already indicated that dissolution would not be upheld on appeal.

    But our justice system is broken. There are no rules for the wealthy and well connected. There are no consequences for brazen crimes and treason, as long as you can get enough idiots to support your candidacy for president.

    • LufyCZ@lemmy.world
      520·
      9 months ago

      1. Have you tried paying a fine in the US with anything else than USD? What are you even talking about

      2. Still a bad look

      3. He’ll probably be dead by then anyway

      It’s probably a much better outcome for the average Joe, since, and people don’t seem to think about this, there are people who work for Trump. The higher ups might and probably are shitty people, but on the lower level, there are regular people trying to pay their bills, and dissolving the whole thing would hurt those the most

      • themeatbridge@lemmy.world
        112·
        9 months ago
        1. I’m saying that if he is finally forced to fork over the cash, it’s going to come from international donations in return for additional state secrets. Or they’ll just Epstein him.
        • LufyCZ@lemmy.world
          32·
          9 months ago

          Russia really doesn’t have the tens to hundreds of millions of USD it’s gonna cost right now.

          There’s a whole war thing going on and their USD accounts are frozen last time I checked.

            • LufyCZ@lemmy.world
              35·
              9 months ago

              Sure, it’s not gonna be suspicious at all when the company’s account receives tens of millions from a random international account.

              Be realistic, you’re free to hate Trump all you want, I don’t like the guy either, but selling state secrets isn’t the same as buying a kitkat at a grocery store