CNN Breaking: A New York Judge has issued a bench ruling at the request of the prosecution in the NY v Trump Org Fraud case.
Judge Arthur Engoron, ruling in a civil lawsuit brought by New York’s attorney general, found that the former president and his company deceived banks, insurers and others by massively overvaluing his assets and exaggerating his net worth on paperwork used in making deals and securing financing.
https://apnews.com/article/donald-trump-letitia-james-fraud-lawsuit-1569245a9284427117b8d3ba5da74249
The case will now go to the judgement phase, in which the Prosecution will prove to the jury their case and ask for a monetary financial penalty
NOTE: This is a civil case, not criminal,..... so unfortunately no one will do time
"This is the equivalent of the death penalty for the Trump Corporation in the state of New York."
"It provides for the stripping of the privilege of doing business in New York"
Trump Org in NY will cease to exist.
- George Conway CNN
A New York judge has found Donald Trump and his adult sons liable for fraud, saying the Trumps provided false financial statements for roughly a decade.
https://www.cnn.com/2023/09/26/politics/trump-organization-business-fraud/index.html
@WeThePeople
From Google Bard:
If a court of law in New York cancels a certificate filed under GBL Section 130, it means that the business is no longer allowed to operate under the assumed name or partnership name listed on the certificate.
@WeThePeople
This can happen for a number of reasons, such as:
The business has engaged in fraudulent or deceptive conduct.
The business has violated the law in some other way.
The business has been sued and the court has ordered the certificate to be cancelled.
@WeThePeople
If a court cancels a certificate filed under GBL Section 130, the business must immediately cease operating under the assumed name or partnership name listed on the certificate. If the business fails to comply with the court's order, it may be held in contempt of court.