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Government Corruption
The Dems Try To Bankrupt Trump. It's Incredibly Ugly.
2024-03-20
Property and asset seizure? Yes, we've seen this movie previously.
[WIRE] President Trump is on the hook for a $454 million judgment, according to the courts in New York. Judge Arthur Engoron presided over a stacked court in the civil fraud prosecution that was brought against Donald Trump. And it was done specifically in civil court, as opposed to criminal court, because the burden of proof is lower in civil court.
"It's not me they're after, it's you. I'm just in the way."
This is the case in which Attorney General Letitia James came into office pledging to target Trump, which prosecutors should not do. One does not go into office vowing to target "that guy." Rather, one vows to prosecute a crime — not find the criminal. The person who does the crime is by definition, the criminal.

If a specific person is targeted, then that looks very much like malicious and selective prosecution, which is exactly what James was doing. She prosecuted Trump in this New York court for the great crime of supposedly inflating the value of his real estate assets in obtaining loans from the bank.

There was no allegation the banks that gave the loans were actually damaged. In fact, they all got their money back. Instead, the allegation is that by inflating the price of the real estate, inflating his assets, somehow Trump had perpetrated a fraud against the people of New York despite there being zero damages.
Posted by:Besoeker

#12  It appears it's been in effect for a while. Missing this time: Victims, lack of repayment, lack of independent appraisal of risk.

She actively campaigned to get him. That alone should toss this. Unlawful bond amount and due process equally.
Posted by: Frank G   2024-03-20 19:54  

#11  When was this so called "civil fraud" law in effect?

Was there a SCOTUS ruling a few decades ago that laws cannot be applied retroactively?

Posted by: Seeking Cure For Ignorance   2024-03-20 19:26  

#10  I expect Trump assets to be immediately auctioned off following siezure. James & Engeron might buy them for a dollar.
Posted by: Glenmore    2024-03-20 15:01  

#9  He should let them take it over. Then "Tish" has to make payroll, run the place, keep it up...
Posted by: Frank G   2024-03-20 13:04  

#8  If they proceed with asset forfeiture, does that satisfy the NY law and allow Trump to appeal?
Posted by: NoMoreBS   2024-03-20 13:02  

#7  Let her take Trump Tower. Signal to all business that they are Venezuela or Zimbabwe.
Posted by: Super Hose   2024-03-20 12:51  

#6  The Senator would have been labeler a crazed conspiracy theorist today.
Posted by: Besoeker   2024-03-20 12:07  

#5  
Posted by: badanov   2024-03-20 11:51  

#4  
Posted by: badanov   2024-03-20 11:28  

#3  Time to reread the Declaration of Independence.
Posted by: Procopius2k   2024-03-20 07:59  

#2  This manipulation can easily be applied to the finances of any American, in any amount, for the same specious reason. Castreau the Bastreau pulled the same trick in Canada very recently.
Posted by: Elmaper McGurque1612   2024-03-20 05:42  

#1  Why the Trump bond crisis looks like a concerted effort to ruin him
Posted by: Skidmark   2024-03-20 05:40  

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