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 ...
Bring it!!
Florida -> Bergen County, New Jersey with stucco and palm trees
There is no running a private enterprise with commies.
The judge Arthur Engoron will hand all Trump’s property to one only of his friends or maybe even himself ?
“Don Jr and Eric should move operations to Texas.”
https://www.acnur.org/fileadmin/Documentos/RefugiadosAmericas/Argentina/11686.pdf
Make sure your children and grandchildren learn Spanish.
Many countries use it.
Your children need options.
Make governments compete.
The Company I work for is based in Upstate NY - I have been warning them for years that we need to move out of NY State - plus the taxes we pay are crushing - they finally woke up and bought property South of Indianapolis - Hopefully we can get out of NY this year.
Poor Souls in New York. It’s going to get real tough. They will have some serious moments of reflection to think about this.
I will not travel to, or purchase any product, originating in New York.
Word.
I think I’ll eat a banana split (if I can afford one after inflation) in memory of what Biden and the democrats have done to our country.
Let’s hope the whole unjusT trial and ruling prove to bite ny in the keister. May ny go conservative beczuse folks there finally realize how corrupt and destructive their leaders on the left have been- may the light finally dawn, and the left lose in landslides one after another.
Tennessee and Florida are open for business.
Maybe turn Trump Tower into a homeless shelter with a Dollar General on the ground floor.
Someone on news max brought up what i thought might be an excellent point that Trump should put his buildings in Mara Lago up for collateral on the judgement agaisnt him, hat way the banks would assess the worth of the buildings to see how much he could get, and would force the left tO see that yes, his buildings really are, and were worth a ton of money contrary to the corrupt judge’s asinine assessment of $18 million.
Doing so would give Trump another solid proof in his appeals case that the judge lied about the worth of the buildings in order to convicted Trump on made up charges s8mply because he could not stand Trump.
What this does is cement the practice of courts/Gov’mt deciding what NYC property is worth. REal estate in NYC just tanked. Anyone wanting a condo/apt needs to insist that the previous $1M assessment by the market is now re-evaluated to $10K.
Make an offer and then go to court when it is refused.
Everyone’s property in NYC will crash — killing NYC property taxes and invalidating any personal loan based upon collateral including NYC property. Everyone owning property in NYC just went bankrupt.
Based on this case, every property owner in New York should appeal their assessed property value.
Wanna bet? Trump is the lead case for this thyme of lawfare.
” this is the end of private property , trump first,
nation next. “
do we have any unalienable rights left ?
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