15 Dec 2023 7:47 pm
But it was worth 20 trillion dollars.Punch » 14 Dec 2023, 11:17 pm » wrote: ↑
Trump messed with the wrong judge, it seems.
Judge's order dissolving Trump Organization under fire as legal experts question his power (msn.com)
New York Justice Arthur Engoron sent shockwaves through the political world when he issued a summary judgment that appeared to dissolve the Trump Organization, or at least remove former President Donald Trump and his family from control of it, in the civil fraud trial brought by state Attorney General Letitia James.But it's not clear he actually has the authority to do such a thing."The decision set off a firestorm and appeared to imperil much of Mr. Trump’s New York empire. But interviews with legal experts and a review of court rulings suggest that the judge may have lacked the authority to dissolve the companies," his lawyers assert. "An appeals court last week granted Mr. Trump’s request to pause the punishment so it could consider Justice Engoron’s ruling. That could presage a more thorough assessment of the judge’s decision-making throughout the trial; Mr. Trump’s lawyers have placed their hopes on an appeal."
Engoron's summary judgment already ruled for James on the merits of the case, which alleged that Trump and his two adult sons systematically lied about the value and even square footage of their properties in order to manipulate their loan and tax treatment. Trump has denied any fraud, saying that real estate values are inherently subjective and he repaid all of the loans anyway.
"Trump isn't buying himself out of this crime. He's finished. A custodial sentence is still very much being considered."
