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Obscene award against Trump is testing the New York legal system’s integrity
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Obscene award against Trump is testing the New York legal system’s integrity
The view from a DEMOCRAT legal scholar:
Obscene award against Trump is testing the New York legal system’s integrity
The size of the damages is grotesque and should shock the conscience of any judge on appeal. Even if the Democrat-appointed judges on the New York Court of Appeals were to ignore the obvious inequity and unfairness, the United States Supreme Court could intervene.
The impact on New York business is likely to be dire. New York is already viewed as a hostile business environment, with the top end of its tax base literally heading south as taxes and crime rises. This draconian award is only going to deepen concerns over the arbitrary application of the law by figures like James, who previously sought to disband the National Rifle Association. (She has shown less interest in cracking down on liberal organizations like Black Lives Matter or the National Action Network of Al Sharpton despite their own major financial scandals.)
As James gleefully uses this law to break up a major New York corporation, it is hard to imagine many businesses rushing to the Big Apple. This follows Democratic politicians such as Rep. Alexandria Ocasio-Cortez (N.Y.) campaigning against Amazon seeking to open new facilities in the city. After this week, drawing new businesses to the city is going to be about as easy as selling country estates during the French Revolution.
The one hope for New York businesses may be the U.S. Supreme Court. Despite the deference afforded to the states and their courts, the court has occasionally intervened to block excessive damage awards.
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2 Replies
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Please buy my Chinese made sneakers to save my corrupt company
“The frauds found here leap off the page and shock the conscience,” Judge Arthur Engoron wrote in a 92-page decision that spares Trump’s company from closure, but forces it into years of court supervision, among other sanctions.
Trump could ultimately end up owing a half-billion dollars or more as a result of Friday’s verdict.
In addition to the $355 million penalty — payback of what the judge deemed “ill-gotten gains” from his spurious financial statements — Trump is required to pay interest on that amount.
At an annual rate of 9%, as prescribed by New York law, that adds up fast.
James’ office calculates that, to date, Trump owes an additional $98.6 million in interest, bringing his total penalty to $453.5 million. The interest will keep accruing until Trump pays.
https://www.youtube.com/watch?v=EE86pTRNmcM
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Yea, obscene cuz all dickhead will do is launch a sneaker line, start a GoFundMe page and sit back and wait for the $450M to come in and then cut a check. Why would he use any of his own cash when there are stooges, clowns, morons and dumbasses that will pay is debts for him??!! I would do the same thing!!
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