NY AG may seek 'corporate death penalty' for Trump Tower -- and all his golf courses: legal expert

[Ohio Joe]

Former President Donald Trump may lose the "crown jewels" of the heir's corporate empire if New York Attorney General Letitia James moves to invoke New York's "corporate death penalty" against the Trump Organization, according to a new report.

On Wednesday, Trump announced he would refuse to answer questions in James' civil investigation into the company during a deposition that lasted more than five hours.

The investigation focuses on whether the Trump Organization essentially kept two sets of books. He allegedly would low-ball values to avoid taxes, while high-balling values to secure loans.

"In the coming weeks or even days, the AG is expected to file a massive, long-threatened 'enforcement action' — essentially a multi-hundred-page lawsuit against the Trumps and his Manhattan-based business," Business Insider reported Wednesday. "Fines and back taxes, however, may be the least of what Trump's facing. James has signaled she will also seek the dissolution of the business itself under New York's so-called corporate death penalty -- a law that allows the AG to seek to dissolve businesses that operate 'in a persistently fraudulent or illegal manner.'"

https://www.msn.com/en-us/news/politics/ny-ag-may-seek-corporate-death-penalty-for-trump-tower-and-all-his-golf-courses-legal-expert/ar-AA10wPMG?ocid=msedgntp&cvid=d130276f1e954eac8ee1f07aa6575c0a

There is so much there that... Just makes me smile

[Novara]

1. "persistently fraudulent" is his entire life

So much good stuff in that short article:

"In a civil case, pleading the Fifth is effectively a confession," Snell claimed.

Snell added, "It’s worth remembering that the NY AG is 2 for 2 so far in bringing Trump to justice — on Trump University and the Trump Foundation."

[gab13by13]

14. The deputy NY AG was on MSNBC

he brought the Trump University case against Trump. He said that the bar is much lower in a civil case, prosecutors do not have to prove intent, have to prove that Trump knew he was doing wrong. All that Tish needs is the documents, the evidence.

Prosecutors can show a video of the deposition; Mr. Trump, did you ever inflate your assets to get a loan? 5th Amendment. Mr. Trump, did you ever deflate your assets to pay taxes? 5th Amendment. Ladies and gentlemen of the jury, Trump did not answer those questions because it would incriminate him.

[Justice matters.]

51. And if orange mob boss answered "no" (lying) he'd commit perjury

After the evidence could show he did.

[dweller]

2. Irmagurd !1!

He’ll have to move to rusher to build a new Pisswig Palace …



✌🏻

[SunSeeker]

12. LOL

[vlyons]

3. Never doubt the law of karma

Eventually our karma ripens and we experience the consequences of our actions.

The people threatening violence if Trump gets indicted also cannot escape the consequences of their actions. Karma is like gravity, it never stops working.

"Speak or act with a contaminated mind, and suffering follows.
Like the wheel of the wagon follows the hoof of the ox."

-- The Dharmapada

[Chainfire]

4. Wouldn't you love to see Trump Tower sold on the Courthouse steps?

[sarcasmo]

22. George Soros should buy Trump Tower when it's auctioned off.

[LudwigPastorius]

23. Tear it down.

Salt the earth where it stood, and build a little park dedicated to the victory of democracy over fascism.

[Golden Raisin]

24. He razed Bonwit Teller which previously occupied the site.

The Metropolitan Museum wanted 2 Art Deco friezes from the facade of Bonwit Teller which Trump promised to save for them then reneged and they were destroyed along with the rest of the iconic NYC department store.

[LudwigPastorius]

36. ...but, he really likes those statues of confederate generals!

Short fingered vulgarian, indeed

[LisaM]

40. I know, that infuriates me.

Even if they take the building, they can't get those friezes back. And the Trump Tower itself is so ugly.

[Traildogbob]

25. Make it

A shelter for homeless minorities and veterans.

[Martin68]

59. Umm, I think salting the earth would preclude creating a park unless you're planning to pave the

entire thing in concrete...

[LudwigPastorius]

63. Salting is more of a ritualistic thing.

…and it wasn’t done to the literal extent that would prevent agriculture.

https://en.m.wikipedia.org/wiki/Salting_the_earth

[Martin68]

64. In some societies salt is used as a purification or protection. For example, in Japan, two small

piles of salt are placed by a doorway as a protection against evil spirits, and Sumo wrestlers toss handfuls of salt as a benediction of wrestling event. But as I understand it the term "salted the earth" was used to describe what the Romans did after they razed Carthage to prevent even plants from growing there - an act of total destruction and merciless vengeance.

[Chainfire]

35. That would happen in a just world. ;)

Convert to the home to the Democratic Party. Devote 20 floors, including Trump's private quarters to a homeless shelter. Trump's father would roll over in his grave and Trump's head would explode.

[ChazInAz]

37. Several floors to Planned Parenthood services.

Not to mention free daycare and preschools.

[JHB]

66. With all the corners he cut in construction and maintenance?

Just tear it down.

[SergeStorms]

62. Low cost or free housing for New York's homeless....

and low income people in Trump Tower.

And leave the Trump name on it. Nothing would frost his flakes more than that.

[Brainfodder]

5. So much to smile about is a nice change!

They are fools.

Foolish prize delivery OTW!

[Initech]

6. Hey if corporations are people, they can get the death penalty!

[niyad]

49. Exactly.

[IcyPeas]

7. I dunno. No one seems to be able to punish Teflon don.

And he and his deplorables revel in their repulsiveness.

But I hope she succeeds.

[NNadir]

42. The original "Teflon Don," the mobster John Gotti, died in prison.

Teflon decomposes with either too much heat or too much use.

[ProfessorGAC]

46. uV Light, Too

And TFG spends a lot of time on the golf course!

[NNadir]

52. I don't want to put myself in the position...

...of rooting for melanoma in this case. Personally I'd like to see him live long enough for his fat racist ass to spend sometime in prison.

I understand that Gotti got beat up pretty badly in prison for making a racist remark.

[ProfessorGAC]

53. I Read That Too

He found out being an ex-mob boss doesn't carry much weight in general population.

[ProfessorGAC]

55. I Was More Talking About...

...the Teflon breaking down, not skin cancer.
But, I'll admit that if it was announced he had it, I wouldn't care.

[NNadir]

60. Understood, but the metaphor appealed to me.

Here I mean the slang term for law enforcement, "the heat."

[2naSalit]

8. I could daydream about that all day.

Yes indeed.

[COL Mustard]

9. I think she's going after

The T*ump family jewels all right!

[BlueWavePsych]

10. Awww ...

[EnergizedLib]

11. Meltdown if it happens

Who remembers when people railed against the Clinton Foundation and then the Trump Foundation got shut down?

[bringthePaine]

13. badda big boom

[ificandream]

15. Oh wow, oh wow, oh wow ....

Best news I've heard all day.

[iluvtennis]

16. Oh happy day!!!

[LiberalFighter]

17. There needs to be massive civil fines too.

Hopefully, everything he has is only operating because of bank loans.

[Schmice3]

18. Perhaps he can be a greeter at Walmart

[ificandream]

27. Crossing guard. ;)

[niyad]

34. I would rather he left the planet.

[BComplex]

44. Me, too. I'm still hoping he and Ivana get back together.

[niyad]

50. Exactly.

[electric_blue68]

19. OH!!!!! DO EEEEET!!!!! 😄

[Cozmo]

20. Finally we have someone with the courage to put this corporate shyster down

[sarcasmo]

21. When the walls come tumbling down, the Donald J. Trump story.

[niyad]

26. I will celebrate if/when it actually happens. But I am smiling at the

prospect. I am certain the Scots would be delighted.

[slightlv]

30. niyad, I'm with you...

I want to dance a little jig, but I'm afraid of jinxing things. *rump has been teflon up to now. Nothing seems to stick to him. Still... you wanna believe so bad in justice. But you also know justice is a two-edged sword.

No one is gonna have a bigger grin than me if things turn out in AG James' (and our) favor, tho! Go New York!

[70sEraVet]

28. If TFG loses his golf courses,

Who gets custody of Ivana's grave??

[slightlv]

31. I still think there's documents in there! N/T

[bahboo]

29. it will kill him to lose his golf courses....

a happy thought....

[jmowreader]

32. I don't think he kept two sets of books

I think he kept three:

One for the government, in which all his assets were deprecated as much as humanly believable in order to evade taxation.

One for the banks, in which the same assets are inflated to the limits of credibility to get cheap loans.

And one for internal use with the real numbers in them, so the Trump Organization can see just how FUCKED they are.

However, what AG James is discussing, the dissolution of the Trump empire, really needs to happen. She also needs to seize a lot of his assets, like buildings, golf courses and gold-plated toilets. I'd be nice and leave him his shitbox Boeing 757 - after all, he's going to need a place to sleep and this country is too good to remand one of its former presidents to a steam grate. Even if Trump has no dignity, I do - and besides, someone who is actually homeless might need that.

[niyad]

33. Your last sentence. . .

[louis-t]

38. I imagine she's finding what a judge found about his so-called "charity".

"A shocking pattern of illegality."

[JohnnyRingo]

39. But he's a "legitimate businessman"

Sounds like a law meant to take organizations away from organized crime. Befittingly enough.

[edhopper]

41. And the fucking Manhattan D A won't pursue charges

even though his special investigators said their was more than enough evidence.

Fuck him!

[BComplex]

45. My husband and I speculated that he's been well paid for that.

THAT, right there, should be investigated.

[live love laugh]

48. ✔️

[edhopper]

56. Not an unwarranted

Speculation

[NYC Liberal]

65. That could be, but I think the simpler explanation is that he was afraid of

the unhinged MAGA crowd and what they would do if he pursued it. I don't think there even needed to be an explicit threat; all you need to do is look at what happened on 1/6 -- and that was at the US Capitol. A county DA (albeit a large county) would have much less protection.

Not saying that would be the right decision, but I'm also not the one risking my personal safety, so...

[wryter2000]

43. What I've dreamed of for years

He's lived to rue the day he came down that escalator.

[SWBTATTReg]

54. Label everything that tRUMP has as fruits of criminal enterprises and seize it.

Then sell it all to benefit the poor and other disadvantaged. This would really eat djt up.

[calimary]

57. Oh Dear Lord, MAKE IT SO!!!

[NCjack]

58. The world deserves to see it implode --as the prelude to a SuperBowl.

[LakeArenal]

61. Becoming like Al Capone. Can't get ya for the worst reasons

But we will dig til we find the one that puts you in jail and out of commission for your crimes.