"Within days, Donald Trump could potentially have his sprawling real estate business empire ordered ‘dissolved’ for repeated misrepresentations on financial statements to lenders, adding him to a short list of scam marketers, con artists and others who have been hit with the ultimate punishment for violating New York’s powerful anti-fraud law,” the AP reports.
“An Associated Press analysis of nearly 70 years of civil cases under the law showed that such a penalty has only been imposed a dozen previous times, and Trump’s case stands apart in a significant way: It’s the only big business found that was threatened with a shutdown without a showing of obvious victims and major losses.”
Yeah, and that’s why I said “kind of.” The faceless public is certainly the victim (as is always the case with anything related to Trump), but it’s really hard to personify a nebulous group that will be indirectly affected in the coming years (or were affected in ways unseen over the years).
Fraud was committed, and fraud laws exist to protect the public and the markets from that kind of manipulation at their expense.
Removed by mod