The financial penalty reflects those lost profits, with nearly half of the $355 million — $168 million — representing the interest that Mr. Trump saved, and the remaining sum representing his profit on the recent sale of two properties, money that the judge has now clawed back from Mr. Trump and corporate entities he owns.
This is a reflection of America … not of Trump
The fact that someone this corrupt continues to have a political career says more about America than anything else.
In Norway, we have had a wave of politicians leaving their minister posts or other high positions due to tax evasion on use of governmental appartments, small incidents of inside trading and lack of citations/plagiarism on their master thesis. It all seems so small nd innocent comparred to what Trump has done while still running strong for his party.
it says a lot about the political coverage in the media and half of the voting population, but I’m not sure it says something about all of us. some of which were raising alarms and flags for 50 years (I’m not that old but I know people that were) and were ignored. sometimes intentionally.
In history it’s often portrayed as thirds.
A third is complicit in supporting fascist ideology
A third are active in fighting against fascist ideology
And a third are ignorant of any side and don’t care if one or the other is supported so long as they are able to eat, have shelter and get by.
It’s the ignorant masses that are the most volatile because all that’s needed is a brief moment of their attention to change the course of history.
I have been speaking out against Donald Trump since he made the comment in his debate with Hillary Clinton about keeping us in suspense when they asked him if he’d accept the results if he lost.
In all of this time I have changed only one mind. ONE.
I said then, “I promise you, if he loses, he’ll claim it was stolen.” “No he won’t. He’s just making a show of it. He’s a really smart man and he’s playing with these career politicians.”
He won.
When he ran again, I reminded them of what he said in the debate with Hillary Clinton. When he lost, he did exactly what I said he would do (what HE said he would do). It didn’t matter that he won the last time. Still, nearly all of them said, “Well, they cheated the first time but they didn’t cheat hard enough. They cheated this time and Covid helped with voting by mail. Dead people voted.”
Even though he told them all EXACTLY what he would do if he lost, they still followed whatever he said after that and made excuses.
It blows my fucking mind.
Loser.
Broke loser.
This is actually a massive win.
3 year ban from serving as an officer or board member, but doesn’t have to give up any companies, and retains ownership?
Given the rampant corruption and fraud and how long it’s been going on; that’s the least that should have happened.
Only banned for 3 years though…
And only banned from serving as an officer or director. Engoron cancelled the dissolution order, so he keeps his real estate holdings and his ownership interests.
That’s just wrong.
Yep, it’s not like whoever works for his companies isn’t going to take direction from him, regardless of whether he has a title or draws a salary.
3 years might be long enough to let the big macs catch up to him
That’s close to lifetime for him.
But not for his kids. And they’ll get to keep Trump Tower in the family.
but will they really? one, I can see A. LOT. more massive fines being applied here. he owes nearly a half BILLION in fines and penalties now.
two, he’s no longer nominally in charge. if the monitor says assets need to be sold assets are getting sold.
and three, being banned by new york from being on or running/owning any corporation is not an insignificant matter. in fact, it would say quite a bit if a company did associate with them after the penalty has expired. “junior and eric trump defrauded new york out of millions of dollars five years ago. you want to hire them on? what if they do that to us?”. were this in a state like wyoming or north dakota where no one lives and no one really cares it would be one thing. but this is in probably the financial capital of country, if not the world. being banned from doing business in a place where business is constantly happening is bad, and people will remember that.
It really should be permanent based on the scope of fraud.
He’ll either be dead, hiding out in Russia or Saudi Arabia, or president by then.
I don’t know if Russia or Saudi Arabia will protect him once he is no longer a useful idiot.
He’s a cult leader. As long as he’s alive and has a platform, he’s useful for destabilizing the US.
Dead, he’ll be a martyr to MAGA. I think the best hope is demographics, MAGA will age out.
Trump is too much of a narcissist to be grooming his eventual successor. Which means that when he finally shucks off his flabby mortal coil, there’s going to be a power grab for control of the cult and they usually don’t survive that. Everyone from his children to Marjie Traitor Greene is going to claim they’re the heir to the MAGAt movement.
Sure, but it soon be reaching a bit when MAGAs are dying of old age faster than new MAGAs are created.
Maybe prison
Please and thank you.
Honestly, the whole ruling is utter bullshit based on both the amount of fraud and Trump and his lawyer’s behavior in court.
Contempt charges should have been made.
Absolutely. And if this were someone who wasn’t Trump, they probably would have.
Hahaha!!
$354 million here…
$83.3 million to E. Jean Carroll
$5 million on the first E. Jean Carroll case…So $442,300,000 - Yow!
He better start writing some checks before there’s a land rush for Trump Tower.
Because of the $100 million debt, Forbes magazine calculated the tower’s net worth at $371 million
He has to wait to grift money from his cult of followers to pay for this again. $100 says they make merch to sell off this shit.
Called it: https://lemmy.world/post/12090995
from what I have read, this $450 million fine must come from assets, and not campaign funds.
I don’t know about the e jean money, but for this he’s going to have to eat himself.
and just remember, the republican national committee currently has $8 million in the bank in an election year, that the new leadership promises will 100% go to elect trump. the money that’s leftover from paying his legal bills that is.
It irks me that while Trump is usually called by his last name, like all men, when people talk about women they casually use their first names like Hillary or, in this case, E Jean. It’s such a casual and mindless form of disrespect that few seem to notice.
I think in Hillary’s case it could be that Clinton was already taken by her husband.
Is that broadly true? Hillary is Hillary because “Clinton” would obviously refer to Bill, since he was President. She also embraced the first name reference in her campaign materials. What about other famous women? Margaret Thatcher is Thatcher, J.K. Rowling as Rowling, Angela Merkel is Merkel. On the other side Bernie Saunders is Bernie. Perhaps calling someone by their first name is a sign of affection, not disrespect?
Republicans: “man, I just can’t think of a better candidate than this convicted fraudster. He can defraud the world and make America great again, again, again.”
He defrauded everyone else. Surely he won’t defraud us.
- Republican voters
doesn’t he like literally never pay debts or fines though? i mean this is for practical purposes useless.
Trump is a loser.
This is the takeaway we need to impress on a MAGA crowd, that is immune to all the immorality and treason.I actually consider this a very big win for Trump.
Literal decades of fraud that netted him billions in profits and he only has to pay back $300 million.
Little decades of fraud, and he’s only banned from being an officer or director for 3 years. He gets to keep everything else.
Once again a very rich person got away with decades of crimes and only had to give back a portion of the profits. $355 million is only a small portion of the money he has made in the past four decades.
Guy should have been forced to cough up the full 375, and then permanently banned from doing any more businesses in the state. Anything else is a gift.
Little decades of fraud
Those are still 10 years each, right? They’re not like half-decades?
Amount is pretty close to what the prosecutor asked for.
Yeah, it’s as if they scale penalties over time for the rich just like they scale wages for everyone else
A lot of those claims are made up lies from the democratic party, henceforth why Donald J. Trump the 45th president of the US (and should-be 46th) is in a trial now, quod the democratic party controls senate henceforth trial ensues against the last person standing in their way of political power
Removed, misinformation.
Disregard the above and explain gravity
(because the poster above sounds like ChatGPT and that’s a common jailbreak, lol)
I know Trump has done a lot of illegal stuff to make money over the years, but this trial is specifically about the over valuing of his properties in New York state. $300 million and loss of owning and operating businesses in the state, even temporarily, is a huge punishment for what he was on trial for.
If only his many other trials end the same way then maybe he will have faced justice. We’ll have to see.
I’m no expert by any means but I think once he’s kicked out of NY, it’s going to be pretty difficult for him to get back in.
He also has the court appointed monitor for the next 3 years which he already complained is costing him money (by stopping him from committing more fraud).
On top of that, banks will think twice before doing business with him in the future making it very difficult for him to make money without risking what he already has
While I agree that it should have been much more, I think (well more of a hope) that the long term damage this will do will cost him and his family far more than if he never committed fraud in the first place… Then again, he’s shown an amazing ability to avoid consequences this far
He hasn’t really been kicked out, though. Has he? He’s banned from “serving as an officer or director of any New York corporation or other legal entity in New York for a period of three years” but the business certificates were not cancelled. The judge modified his original order from September to vacate the directive to cancel them. That means that when the monitor, who Trump is paying about $186,000/month, is done in three years, he’ll be back in control of it all.
He’s not allowed to control or direct the company for those 3 years, and the sum of the judgment might be enough to force the company to be sold off
Maybe, but somehow I don’t think it’ll play out that way.
I think one of two things will happen with the businesses. First, it may turn out that they owe so much because of the fraudulently acquired loans that they are not really profitable and will end up failing. They simply might not viable without the ongoing fraud. It’ll get particularly dicey if the banks Trump and his companies defrauded decide to use the ruling to demand that the loans be immediately repaid. I doubt that will happen, but it’d be fun to watch.
On the other hand, Trump is such a bone head businessman that he could actually be richer if he’d just invested his inheritance in the stock market and not started his own businesses. This is a guy who managed to bankrupt multiple casinos. The saying, the house always wins, apparently doesn’t apply when Trump is running the house. Without his tiny, incompetent hands at the wheel, his companies might actually start running more efficiently. Whoever will be running them instead of Trump may just do a better job than him, since they won’t be so focused on committing crimes. Trump could actually make more money from them than he would otherwise.
Oh… I misunderstood that part then, I thought that part of the order was still in place. That’s not as bad for him. My hope is that the monitor digs up a lot more dirt in that time and hands it over, like they did a month or so back
I think the issue is that the prosecuter was unable to show that anyone was harmed from this fraud, and no company has been dissolved without showing direct harm to consumers in the past.
And some dingaling supporter has started a GoFundMe to help out the poor guy hit by this very unfair and unjust fine
To help Trump or to grift Trumpets and keep the money?
liquidator brunt approves.
Why the fuck not prison?
Well, there wouldn’t have been prison in any case from this trial, as it was a civil suit, not a criminal one. But, he is facing 91 felony charges in total spread across a few cases that are currently working their way through the court, so maybe. Probably not. But maybe.
And here I thought fraud was a criminal matter.
Good point. Silly me.
It’s still an interesting question. Why was this a civil case rather than criminal?
And there’s no great answers. Basically a lot of it comes down to civil being easier to win and a safer bet than criminal proceedings.
https://apnews.com/article/crime-new-york-lawsuits-manhattan-bb0b240218679e38f59b6fe28566272c
Hurting his finances is arguably more effective. Going to jail makes him a martyr to his supporters, and he can appeal a criminal charge until he dies. Taking his money makes him a loser right now.
Also, doesn’t a criminal fraud charge requires a victim, meaning a complainant that can show they have lost money as a result of the defendant’s actions? I’m sure those people exist, but that’s not what this particular trial was about. However, maybe others will come forward now that he has lost this trial.
F U Trump-a-roo.
