Posted on 02/17/2024 7:03:56 AM PST by Libloather
Legal experts analyzed what they called "breathtaking" civil penalties against former President Donald Trump, Donald Trump Jr., Eric Trump, former Trump Organization Comptroller Jeffrey McConney and ex-CFO Allen Weisselberg – warning other corporations based in the Empire State may realize they could suddenly be put out of business by the state on a political whim.
New York Supreme Court Judge Arthur Engoron found Trump liable for more than $350 million in damages in the fraud suit brought against him and his company by New York State Democratic District Attorney Letitia James.
Trump Sr., the Trump Revocable Trust and Trump Organization were found liable for $60 million, while Trump's sons and Weisselberg were found liable for $4.01 million each – and Trump Sr. plus several entities including the Trump Organization and the LLC signifying Trump's Chicago hotel were banned from applying for loans with institutions registered with New York for three years.
The three Trump family members were also banned from serving as executives of any business or legal entity based in New York for a similar length – which is key, as the Trump Organization is housed at its iconic tower at 5 Av and E. 57th Street.
In that regard, former Bush White House press secretary Ari Fleischer told Fox News the ban may spur Trump to relocate his entire business empire to Florida, just as he has his primary residence.
"If you're Eric [or] Donald Junior, what are you going to do?" he asked.
"[Y]ou just say goodbye to New York, which fits a pattern that many successful people have been doing and leaving New York because New York is just too political, too blue and too punitive – you're seeing that in the business community and among upper income New Yorkers already," he said – adding...
(Excerpt) Read more at foxnews.com ...
Payback is coming!!!
NY did similar things to Microsoft and Intel.
After they sent billions to NY and backed to Rat agenda, they were ignored.
Only a fool would setup a company in NY now
They don’t care about any other businessmen, just Trump and his sons.
The only thing that will be breath taking is the coming reversal of that moron’s judgment. 🙄
Join in declaring GOD’S Promise on behalf of the Trump family and all who were financially harmed by this unjust ruling
No weapon turned against you will succeed. You will silence every voice raised up to accuse you. These benefits are enjoyed by the servants of the Lord; their vindication will come from me. I, the Lord, have spoken! (Isaiah 54:17)
Trump needs to vacate NYC and moving his businesses to a city where conservative sanity exists. Get the heck out of that liberal rats nest.
What would happen if Trump just ordered all his properties in New York Vacated immediately and then Razed Them?
Granted he would lose a lot of money, but how much would the City and State lose? My guess is substantially a hell of a lot more.
No doubt New York has already made that illegal, possibly punishable by death.
Sort of. With Trump it's personal. But going back at least as far as Elliott Spitzer NY AGs have targeted businesses seeking dramatic headlines solely to raise their own political profile. I was surprised after he rode crushing businesses to the governorship businesses still decided that NY was the best place to do business.
Any company dumb enough to set up in New York deserves punishment just on the principle of being stupid.
Google:
Intel NY settlement
[$6.5 million -> NY State
[$1.25 billion -> AMD]
the one thing I’m keeping an eye on is the tax assessment for the new valuation of Mara lago. should be interesting.
Engoron not only tried to destroy Trump, he DID potentially destroy New York Real Estate. It will cause Developers great pause in the future to be in NY, because James made it retroactive. So another hot shot socialist like her could decide to take the whole system down. New Yorkers, you better get your act together, or you will no longer own a damn thing.
“They don’t care about any other businessmen, just Trump and his sons.”
************
Maybe so, but many businessmen there will take note of the rise of vindictive and capricious lawfare. Those with substantial assets in the state may not be comfortable with the political coercion and risk factors now in play, not to mention the onerous taxes.
“New Yorkers, you better get your act together, or you will no longer own a damn thing.”
*************
They won’t. They are what they are.
Only move democrats from their communist state to Florida turning Florida into the hell hole they vacated.
This country is going communist.
There is no place in it to run. Biden is flooding Texas and Florida with leftists. Think of Minnesota and its Somalis.
The demographics of each state is being engineered by Democratic experts.
Retire if you can. Live modestly but as well as you can.
Don Jr and Eric should move operations to Texas.
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