But if the court has its way, and the ruling survives the inevitable appeals, “Trump will ultimately get the cash,” she said, though “he could try to bid on the properties like anybody else.”
Assuming there is cash. The very foundation of the case against Trump is him overstating the company’s worth. The receiver will make accurate reports, which will probably reveal enormous hidden debts and properties worth a fraction of their claimed value. I wouldn’t be surprised to learn Trump exhausted his father’s fortune decades ago and has been sustaining the Trump Organization on nothing but fraud and Russian mafia money ever since.
Whatever cash proceeds are available will likely get earmarked for paying whatever judgment is levied by the Court before anything else. And the judgment that is levied necessarily has to be greater than the fraudlently generated wealth, otherwise it’s just “the cost of doing business.”
Based on the epic fucking burns the Judge laid out in his ruling, he damned well knows that, too.
Here’s my hot take: the Giuliani connection is relevant- as a prosecutor he targeted the Italian mob so the Russian mob could gain a stronger foothold. They are all so beholden to Russia and it’s so obvious that it’s been a decades-long connection.
His whole house of cards is about to collapse
“House of cards” got me thinking. It’s like he’s been using Uno reverse cards and all his debts and deals for years and years. Now New York has hit him with a bunch of Draw Four cards.
And he is contesting and they are becoming Draw Six
Yahtzee!
- The Judge
I suspect trump only has 2 yellow Zero cards left.
Bluffing and cheating his way through it all.
This is the best summary I could come up with:
“It’s a staggering judgement,” said John Moscow, a former financial crimes prosecutor for the Manhattan district attorney’s office.
The ruling by New York Supreme Court Justice Arthur Engoron spends more some 35 pages describing Trump’s frauds, and disassembling his lawyers’ arguments.
James has alleged that Trump exaggerated the worth of his assets to banks and insurers by as much as $3.6 million in a single year.
Trump continues to own his buildings, agreed Moscow and another veteran Manhattan financial crimes prosecutor, Diana Florence, now also in private practice.
In theory, the receiver would continue to collect rents, pay taxes, pay the bills and the company salaries until the assets are sold off, with Trump, who is Trump Organization’s sole beneficiary, receiving what’s left over after any debts and liabilities are met, Florence said.
Those debts may include a $250 million judgement the attorney general will seek when the case goes to trial next month.
The original article contains 651 words, the summary contains 154 words. Saved 76%. I’m a bot and I’m open source!
