Judge Rules Trump Committed Fraud, Stripping Control of Key Properties

Trump should be able to seek damages from the Prosecutors if he wins an appeal.

Do the American People have standing in this miscarriage or corrupt form of justice.
 
GlennwaldSnowdenAssanged said:
I am not a lawyer nor am I astute in these matters. But my question is what happened to the Corporate, or LLC or ??? Shield that protects the person from their business dealings.

What good is it to go thru all the BS of forming legal entities to have them pierced at will by the justice system.
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An LLC shields a private individual owner of a company from liability for damages (i.e., monetary claims). In other words, the LLC ("limited liability company") can only protect the owner of a non-public business of his personal assets, but not the assets of the company itself.

ETA: That said, even an LLC can be sued beyond the valuation of the net worth of the company. There isn't anything limiting to that of course. Worst case scenario (and some of our resident legal eagles here can correct me if I'm wrong) the business can be liquidated, all assets seized and used to pay it's fines, but beyond that the company is effectively and practically bankrupt, but the owners personally held assets are not and cannot be claimed.
 
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A Son of Liberty said:
An LLC shields a private individual owner of a company from liability for damages (i.e., monetary claims). In other words, the LLC ("limited liability company") can only protect the owner of a non-public business of his personal assets, but not the assets of the company itself.

ETA: That said, even an LLC can be sued beyond the valuation of the net worth of the company. There isn't anything limiting to that of course. Worst case scenario (and some of our resident legal eagles here can correct me if I'm wrong) the business can be liquidated, all assets seized and used to pay it's fines, but beyond that the company is effectively and practically bankrupt, but the owners personally held assets are not and cannot be claimed.
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So if Trump had those properties in a corporation or LLC with little net value the judgement would literally be worthless?
 
GlennwaldSnowdenAssanged said:
So if Trump had those properties in a corporation or LLC with little net value the judgement would literally be worthless?
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If he had them in an LLC, they could seize all of the properties that were listed under the LLC, but they couldn't touch his own, personal assets.

I don't know if an LLC can go public - i don't think it can, because every stock holder would literally be an owner. And I don't know whether or not Trump's business(es) are publicly or privately held, but I would guess that based on his business and total wealth that they're publicly held. Therefore, within the context of this blatant and naked lawfare that they're initiating against him, every single penny that he has is "fair" game, I'm afraid. Never mind the fact that the NY decision handed down by Engoron is wholly absurd and an absolute upending of business norms (in that a private entity is entirely within it's rights to assess the value of it's properties, and a lender is 100% within it's rights to conduct an independent valuation... never mind the fact that the lender was paid in full, timely, and with interest and so there truly was no victim. Thus the State sought to interject itself into this matter - for no reason at all - to suggest that Trump somehow defrauded NY of some tax value, which is by definition a socialist ruling by a decree from a judge, brought before him by a DA, both of whom were grinding an axe.

This is an unacceptable level of governmental corruption that canNOT be tolerated in what is supposed to be a free and constitutionally governed society. Full stop.
 
A Son of Liberty said:
If he had them in an LLC, they could seize all of the properties that were listed under the LLC, but they couldn't touch his own, personal assets.

I don't know if an LLC can go public - i don't think it can, because every stock holder would literally be an owner. And I don't know whether or not Trump's business(es) are publicly or privately held, but I would guess that based on his business and total wealth that they're publicly held. Therefore, within the context of this blatant and naked lawfare that they're initiating against him, every single penny that he has is "fair" game, I'm afraid. Never mind the fact that the NY decision handed down by Engoron is wholly absurd and an absolute upending of business norms (in that a private entity is entirely within it's rights to assess the value of it's properties, and a lender is 100% within it's rights to conduct an independent valuation... never mind the fact that the lender was paid in full, timely, and with interest and so there truly was no victim. Thus the State sought to interject itself into this matter - for no reason at all - to suggest that Trump somehow defrauded NY of some tax value, which is by definition a socialist ruling by a decree from a judge, brought before him by a DA, both of whom were grinding an axe.

This is an unacceptable level of governmental corruption that canNOT be tolerated in what is supposed to be a free and constitutionally governed society. Full stop.
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Aren't owners of corporations protected? I think corporations can be publicly held. I doubt that Trump didn't have those entities in some kind of protected status.
 
GlennwaldSnowdenAssanged said:
Aren't owners of corporations protected? I think corporations can be publicly held. I doubt that Trump didn't have those entities in some kind of protected status.
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Corporations absolutely can be publicly held.

Again, I'll ask our local legal eagles to correct me here, but shareholders (because a shareholder is in an incremental way an "owner") cannot be held liable for the wrong-doings of a corporation, but officers and board members can.
 
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A Son of Liberty said:
Corporations absolutely can be publicly held.

Again, I'll ask our local legal eagles to correct me here, but shareholders (because a shareholder is in an incremental way an "owner") cannot be held liable for the wrong-doings of a corporation, but officers and board members can.
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Well anyway I doubt that it was Donald J. Trump sole proprietor. If it was some legal business entity, I am certain he had employees and who knows what else. It seems that attacking him personally and bankrupting the man or putting him in jail over property value analysis is ludicrous and eliminates any reason a business would set up a corporation or LLC.
I think good business practice for a closely held corporation is to keep as much money out of the corporation as possible. When a corporation has a gain they pay corporate tax and then when they turn the money into salary taxes are paid again. So I think an astute owner of a closely held corporation would think they have their personal liability protected by the corporation and would keep as little value in the corporation as possible. So the debits offset the credits.
If it were a publicly held corporation the CEO probably would not personally be inflating numbers. If a corporation hires and person to do accounting the accountant has to do their work according to accounting principles not according to what the CEO tells them to do.

My point or question is why go after Trump and seize his properties or bankrupt him? Why are they not going after Trump Industries or whomever? Why are there not accountants being charged? Seriously a bank doesn't loan a half billion dollars on a development based on the value given of it by an egomaniac. Before anything is done even the egomaniac would hire somebody to tell them what it would get appraised at.

This is a huge entity and it is not all about Trump. I would think the purpose of forming an entity would be to protect or limit the liability of the individual.

What could he possibly be guilty of? Even if he went to the bank and said my properties are worth over a trillion dollars, over a trillion dollars... If you don't give me the loan I will go somewhere else, I will just go somewhere else. I can get this money anywhere, anywhere....

WTF?

Funny thing is same person that wants to send Trump to prison probably thinks Alec Baldwin has no liability.
 
GlennwaldSnowdenAssanged said:
Well anyway I doubt that it was Donald J. Trump sole proprietor. If it was some legal business entity, I am certain he had employees and who knows what else. It seems that attacking him personally and bankrupting the man or putting him in jail over property value analysis is ludicrous and eliminates any reason a business would set up a corporation or LLC.
I think good business practice for a closely held corporation is to keep as much money out of the corporation as possible. When a corporation has a gain they pay corporate tax and then when they turn the money into salary taxes are paid again. So I think an astute owner of a closely held corporation would think they have their personal liability protected by the corporation and would keep as little value in the corporation as possible. So the debits offset the credits.
If it were a publicly held corporation the CEO probably would not personally be inflating numbers. If a corporation hires and person to do accounting the accountant has to do their work according to accounting principles not according to what the CEO tells them to do.

My point or question is why go after Trump and seize his properties or bankrupt him? Why are they not going after Trump Industries or whomever? Why are there not accountants being charged? Seriously a bank doesn't loan a half billion dollars on a development based on the value given of it by an egomaniac. Before anything is done even the egomaniac would hire somebody to tell them what it would get appraised at.

This is a huge entity and it is not all about Trump. I would think the purpose of forming an entity would be to protect or limit the liability of the individual.

What could he possibly be guilty of? Even if he went to the bank and said my properties are worth over a trillion dollars, over a trillion dollars... If you don't give me the loan I will go somewhere else, I will just go somewhere else. I can get this money anywhere, anywhere....

WTF?

Funny thing is same person that wants to send Trump to prison probably thinks Alec Baldwin has no liability.
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I think most of what you're saying is accurate... the only thing I would say is that it was all about Trump. This is lawfare in action. Note, the trial was a civil, not a criminal proceeding. Civil cases are much less dependent upon facts proved beyond a reasonable doubt, and more about the "appearance" of wrong-doing. Civil suits can sometimes be brought to "nudge" an opposing party to resolving some financial or personal dispute, rather than paying a ton of legal fees, etc. (speaking as someone who has lived thru just such a nightmare). And the fact that this smug, arrogant so-called "judge" made a summary judgment in this case just goes to that point even further.
 
Appeal filed today.

Trump Appeals $355 Million Ruling in New York Civil Fraud Case

https://www.breitbart.com/politics/...-million-ruling-in-new-york-civil-fraud-case/

SIMON KENT 26 Feb 2024

Former President Donald Trump filed a notice of appeal Monday in the matter of the New York civil judgment finding him liable for fraudulently inflating his net worth on years of financial statements.

The judgement curtailed his ability – and that of the Trump Organization – to do business in New York or apply for loans from financial institutions registered with the state.

Trump has now asked an intermediate-level state appellate court to overturn Justice Arthur Engoron’s Feb. 16 ruling in a civil fraud lawsuit brought in 2022 by New York Attorney General Letitia James, Reuters reports.

Engoron ordered Trump to pay $355 million in penalties, but with interest the total has grown to nearly $454 million.

That total will increase by nearly $112,000 per day until he pays, according to James’ office, CBS News notes.

James sought to essentially bankrupt Trump by calling for a $370 million fine and a lifetime disbarment from the real estate industry in New York State.

Trump’s announcement follows through with his trial comments when he declared during closing arguments, “This is a case that should have never been brought, and I think we should be entitled to damages, as Breitbart News reported.

Trump added he was being punished for “having built a perfect company, great cash, great buildings, great everything.”

Constitutional scholar Jonathan Turley called the ruling “confiscatory, extreme, and abusive.”

The judgment is the second this year in which Trump was found guilty and required to part with millions.
 
Anti Federalist said:
Appeal filed today.

Trump Appeals $355 Million Ruling in New York Civil Fraud Case

https://www.breitbart.com/politics/...-million-ruling-in-new-york-civil-fraud-case/

SIMON KENT 26 Feb 2024

Former President Donald Trump filed a notice of appeal Monday in the matter of the New York civil judgment finding him liable for fraudulently inflating his net worth on years of financial statements.

The judgement curtailed his ability – and that of the Trump Organization – to do business in New York or apply for loans from financial institutions registered with the state.

Trump has now asked an intermediate-level state appellate court to overturn Justice Arthur Engoron’s Feb. 16 ruling in a civil fraud lawsuit brought in 2022 by New York Attorney General Letitia James, Reuters reports.

Engoron ordered Trump to pay $355 million in penalties, but with interest the total has grown to nearly $454 million.

That total will increase by nearly $112,000 per day until he pays, according to James’ office, CBS News notes.

James sought to essentially bankrupt Trump by calling for a $370 million fine and a lifetime disbarment from the real estate industry in New York State.

Trump’s announcement follows through with his trial comments when he declared during closing arguments, “This is a case that should have never been brought, and I think we should be entitled to damages, as Breitbart News reported.

Trump added he was being punished for “having built a perfect company, great cash, great buildings, great everything.”

Constitutional scholar Jonathan Turley called the ruling “confiscatory, extreme, and abusive.”

The judgment is the second this year in which Trump was found guilty and required to part with millions.
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"The beatings will continue until morale improves"

I don't think that is going to work this time.
 
More anarcho-tyrannical "no victims, no damages" bullshit:

Occam's Banana said:
https://twitter.com/NewYorkStateAG/status/1762913938084078042
NLBcPeU.png
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https://twitter.com/jsolomonReports/status/1770869837582983620
[link: https://justthenews.com/politics-po...-general-makes-first-move-seize-trumps-assets]
x7IW5Sw.png


Letitia James Moves To STEAL Trump's Properties
https://odysee.com/@actualjusticewarrior:2/letitia-james-moves-to-steal-trump's:0
{Actual Justice Warrior | 21 March 2024}

In this video, I explain how the so-called real estate fraud case against Trump is so tilted against him. Even if he were to win on appeal it could cost him more than the value of his current fine.

 
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