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Showing Original Post only (View all)I hate to spoil everyone's fun, but people are misinterpreting the NY Trump ruling... [View all]
First and foremost, the Trump Org and its affiliates and their assets are not being seized by NYS, so "is Trump still a Billionaire" questions are meaningless at this point. The corporate entities will be dissolved, but their assets and liabilities will be transferred to the corporate owners (Trump and family) who will transfer them to some new out of State entity.
Second, however much Trump is determined to have defrauded the State and private entities, this is solely a lawsuit on behalf of the State, and the requested penalty amount (subject to further litigation) is $250 M. Where that payment comes from is presumably up to Trump and family. And any private entity which feels it was defrauded would have to file separately.
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I hate to spoil everyone's fun, but people are misinterpreting the NY Trump ruling... [View all]
brooklynite
Sep 2023
OP
Except he is not allowed to transfer assets, and has been stopped from doing so already
obamanut2012
Sep 2023
#87
I don't understand why you think people here who think this is 'fun' need scolding
bigtree
Sep 2023
#5
Agree, I am listening to a TikTok live, with a lawyer reading the entire judgement --so interesting
ismnotwasm
Sep 2023
#19
I have done really well...46 days in the hospital almost didn't make it...had a bad aortic valve.
Demsrule86
Sep 2023
#23
He isn't allowed to -- he and his family and minions have zero control over his assets
obamanut2012
Sep 2023
#96
Touching a gun is not "possession" when the gun is, at the time, owned by the store.
brooklynite
Sep 2023
#43
+1. "Trump is an authoritarian or fascist"? Hmmm. "Traitor"? Heavens, NO! Define "treason"!
dalton99a
Sep 2023
#68