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.

  • LufyCZ@lemmy.world
    620·
    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