Posted on 05/28/2021 4:40:48 AM PDT by j.cam
Lawyers suggest that District Attorney Cy Vance might use New York’s “little RICO” statute to prosecute enterprise corruption.
Manhattan District Attorney Cy Vance could be considering a criminal charge that former President Donald Trump’s business empire was a corrupt enterprise under a New York law resembling the federal racketeering statute known as RICO, former prosecutors and defense attorneys said.
New York’s enterprise corruption statute — which carries the potential for severe penalties — can be applied to money-making businesses alleged to have repeatedly engaged in criminal activity as a way to boost their bottom line.
“I’m sure they’re thinking about that,” veteran Manhattan defense attorney Robert Anello said. “No self-respecting state white-collar prosecutor would forgo considering the enterprise corruption charge.”
The state law — sometimes called “little RICO” — can be invoked with proof of as few as three crimes involving a business or other enterprise and can carry a prison term of up to 25 years, along with a mandatory minimum of one to three years....
(Excerpt) Read more at politico.com ...
Gosh... with every house I’ve ever purchased, the lender required a 3rd party appraisal, usually by an appraiser they sent.
They’re up against a hard SOL date. My guess is they have no intention of bringing an actual criminal indictment on any alleged fraud. But, they might be setting a perjury trap for Trump. If I had to wager, I’d say that’s their end game; get him in front of the grand jury and manufacture something to charge him with perjury.
He should, of course, not take the bait and instead invoke because testifying in that state invites nothing but misery. Don’t feed the lynchmob.
It seems to me the banks making the loans would use their own real estate appraisers to value the properties used for collateral.
I have the exact opposite view here. This whole charade is nothing more than a PR stunt aimed at tarnishing Trump without ever charging him with any crimes. There have been several obvious indicators of this in recent years. The biggest one was the AG’s silly crusade to get access to Trump’s tax returns from the IRS.
“”his grand jury could indict a bologna sandwich which will go nowhere.””
Is that a step UP from a ham sandwich or a step DOWN?
Now do Hunter Biden.
If that is what the DA is hanging his hat on, it’s terrifying to think there could actually be a DA with a staff that stupid. At the same time, they are counting on the grand jurors being that stupid.
Mean while mass murder Cuomo is still in office, no investigations, no impeachment, nothing done. And Trump is the problem.
> He should, of course, not take the bait and instead invoke because testifying in that state invites nothing but misery.
you mean, invoke 5A?
They would if their intent was to discount the loan to sell to another financier or bundle it with other loans as an investment vehicle. This was going on a lot in the early 2000’s. And I am not not saying Trump was doing anything wrong. I guarantee Trump’s finances have no doubt been scrutinized more than any other politician or businessman in history and they have come up with nothing.
Are we just going to let the Democratic Party turn this country into a police state where they arrest the political opposition?
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Ask the 1500 ‘Jan 6’ political prisoners in solitary.
If the bank is in on the scam and intends to immediately sell the loan then yes. I don’t believe Trump was doing anything like this but there was a lot of it going on in the early 2000’s.
The big surprise will be when the United States military declares Donald Trump IS the legitimate President,
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HEAHAHAHAH HEEE HAWAHHHAAAHHHA ... perfumed pentagon princes prance their way to make a declaration sharply dressed in red heels and pink uniforms while waving rainbow flags ...
Dictatorships love show trials, guilt is predetermined, everything else is just a demonstration to the masses of what can happen to them too. Also, the Marxists in power are now running the justice system and will cancel or disappear as many as necessary to preserve their 1000 Reich, or so they hope.
Yes.
That sort of scam would be a violation of a whole bunch of FEDERAL laws. The Feds had every opportunity to prosecute Trump, and didn’t.
**It looks like they are trying to make the case that the Trump organization fraudulently inflated the vale of assets to be used as collateral for loans.**
Yeah, because the banks always take our word for it and never do appraisals to determine the actual value. They loan money all the time based on what people think their property is worth.
Heavy sarcasm alert.
Despite the fact he was certainly investigated in this regard more than any other politician in history.
Yep, and many, many bankers and mortgage brokers have gone to jail for it.
Thank you for another perspective, it tempers my own pessimism and too easy jump to worst case scenario. Although the continuing smear is worst case enough.
As you say, it’s a charade, no doubt. Everything from the Left is fraud.
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