Judge revokes Trump’s NY business licenses, finds he committed fraud by inflating wealth

New York Post ^

[Java4Jay]

The judge revoked the New York “business certificates” belonging to the Trump Organization and any other New York-based business run by Trump or his family – while ordering that an independent third party will be tasked with “managing the dissolution of the cancelled LLCs.”

[Java4Jay]

Unreal

[Java4Jay]

Now what ?

[kiryandil]

eff this cr@phole banana republic that we live in.

[Jonty30]

Your right to own property has been taken away by fiat.

[No name given]

I know. This is a sad sick joke. If anyone should be charged with fraud, it’s Gyorgy Schwartz.

[tet68]

The judge revoked the New York “business certificates” belonging to the Trump Organization and any other New York-based business run by Trump or his family – while ordering that an independent third party will be tasked with “managing the dissolution of the cancelled LLCs.”

Welcome to the USSR.
However it’s not beyond belief. it is OUR future.

[FlyingEagle]

Communist tactics.

[tet68]

an independent third party will be tasked with “managing the dissolution of the cancelled LLCs.”

An independent third party...let me guess, David Weiss ??

[21twelve]

“This is Democrat political lawfare and a witch hunt at a level never seen before.” [Said Trump]

The first I ever heard of “lawfare” was on FR a month or more ago. Hmm.

I would think that this would be more of an issue between the banks loaning Trump the money than with the government.

[GreatRoad]

Exactly. How could this possibly be real?

[Harmless Teddy Bear]

The first I ever heard of “lawfare” was on FR a month or more ago. Hmm.

In that case you have not been paying attention for the past decade at least.

Lawfare has been discussed many times on FR and it has also been talking about on any number of talk radio shows and podcasts.

[Jonty30]

With lawfare, the process is the punishment. It’s likely that Trump will end up ok, but it might cost him $50 or $60 million to become ok.

He should have sold out when he moved.

[GreatRoad]

The “judge” looks sinister, take a look at him.

[McGavin999]

I wonder if any of the licenses are held in Trumps name?

[lightman]

Related:

https://freerepublic.com/focus/f-news/4185188/posts

Everytime DJ rises it the polls:

THE EMPIRE STRIKES BACK

“They” wouldn’t be satisfied even if DJT were embedded in Kryptonite.

[Jonty30]

I do hope that Trump anticipated this and did something like that, transfer it to a property management company or something along that lines.

[Antioch]

Banks use independent appraisers to assess real estate used as loan collateral - whether an owner inflates or deflates the value is irrelevant. Also, the IRS, not the person, determines their net worth. Letitia is a stupid person.

[McGavin999]

When this all started he should have sold everything in New York.

All those wealthy real estate moguls better stand behind Trump because if they don’t, they will be next.

[Jonty30]

I happen to have a pen that is worth $1 billion. I’m willing to sell it for half-price because I’m in a good mood.

Notional values are not true values and the bank would not have relied upon Trump’s notional values of his property.

[TigersEye]

And the judge issued sanctions against several of Trump’s lawyers, ordering five of the former president’s attorneys to pay $7,500 each for making “frivolous” arguments in the case.