New York judge finds Donald Trump liable for fraud

Discussion in 'Politics' started by gwb-trading, Sep 26, 2023.

  1. Buy1Sell2

    Buy1Sell2

    There are numerous avenues of appeal here. One that I expect to be employed is that the law that doesn't allow a jury trial is unconstitutional.
     
    #441     Feb 21, 2024
    smallfil likes this.
  2. Ricter

    Ricter

    You just don't like it because I've turned one of your bogeymen back on you.
     
    #442     Feb 21, 2024
  3. Atlantic

    Atlantic

    if you drive 200 mph on a highway -

    there might be no victims

    but if the cops get you - you will be punished.

    are you too stupid to understand something like this?

    :banghead:
     
    #443     Feb 21, 2024
  4. Ricter

    Ricter

    I know a libertarian who thinks that if we already have property damage and manslaughter laws then it should be legal for people to speed all they want—they must simply accept the risk, and responsibility.
     
    #444     Feb 21, 2024
    Tony Stark likes this.
  5. mervyn

    mervyn

    https://www.nytimes.com/2024/02/16/nyregion/trump-fraud-trial-ny-law.html

    The $355 million penalty that a New York judge ordered Donald J. Trump to pay in his civil fraud trial might seem steep in a case with no victim calling for redress and no star witness pointing the finger at Mr. Trump. But a little-known 70-year-old state law made the punishment possible.

    The law, often referred to by its shorthand, 63(12), which stems from its place in New York’s rule book, is a regulatory bazooka for the state’s attorney general, Letitia James. Her office has used it to aim at a wide range of corporate giants: the oil company Exxon Mobil, the tobacco brand Juul and the pharma executive Martin Shkreli.

    Once the attorney general has convinced a judge or jury that a defendant has acted deceptively, the punishment can be severe. The law allows Ms. James to seek the forfeit of money obtained through fraud.

    Of the roughly $355 million that Mr. Trump was ordered to pay, $168 million represents the sum that Mr. Trump saved on loans by inflating his worth, she argued. In other words, the extra interest the lenders missed.
     
    #445     Feb 21, 2024
  6. Tony Stark

    Tony Stark

    They usually don't know they have been defrauded unless the borrower defaults.They are still being defrauded by giving loan terms based on false information.
     
    #446     Feb 21, 2024
    Ricter likes this.
  7. Tony Stark

    Tony Stark

    Exactly
     
    #447     Feb 21, 2024
  8. SunTrader

    SunTrader

    Here in Floriduh they did away with Helmet requirement for Motorcyclists years ago under Gub Jeb Bush I believe.

    Now they say, well you have to wear one unless you have $10,000 in PIP - then you are good to go once again. o_O
     
    #448     Feb 21, 2024
    Ricter likes this.
  9. Buy1Sell2

    Buy1Sell2

    A couple of idiots in here are trying to compare driving tickets and illegally entering the country, both of which are criminal offenses, with a civil fraud proceeding.
     
    #449     Feb 21, 2024
    smallfil likes this.
  10. Buy1Sell2

    Buy1Sell2

    How so, if they were happy with the terms and it was their responsibility to ascertain values?
     
    #450     Feb 21, 2024
    smallfil likes this.