NY Fraud trial: Judge Engoron shoots down defense's argument that tfg can't be fined for illegal profits

[iluvtennis]

https://abcnews.go.com/US/live-updates/trump-fraud-trial/former-trump-organization-vp-to-continue-testimony-104475390?id=103642561

AG expert witness, Michael McCarty, is scheduled to testify later today about the financial implications of Trump's inflated assets -- context that is expected to guide the judge's determination about the size of fine Trump faces, if any.

Judge Engoron, in an exchange with defense attorneys regarding the state's expert witness, said that levying fines against Trump -- one of the central issues being decided at this trial -- is "clearly an available remedy" despite the defense's contention otherwise.

Engoron's observation came during the defense's effort to preclude testimony from the attorney general's expert witness. In denying their effort, the judge also shot down the defense's argument that disgorgement -- fining Trump for illegal profits -- is off the table.

"For reasons this court has explained ad nauseam, that view is simply incorrect," Engoron said. "Disgorgement is a clearly available remedy."

...FULL article is at the link above

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Tell 'em judge, tell 'em.

[lastlib]

1. Go for it, Judge! Hammer down!

PLEEEAZZE CLEAN THEIR CLOCKS! END the reign of error!

[Tom of Temecula]

2. Classic movie quote

As Mr. Billy Ray Valentine put it: "You know, it occurs to me that the best way to hurt rich people is by turning them into poor people."

Billy Ray being the classic Eddie Murphy character in the suddenly relevant again film "Changing Places."

[iluvtennis]

3. Welcome to DU @Tom of Temecula

[tblue37]

5. Welcome to DU!

[BumRushDaShow]

6. "the classic Eddie Murphy character in the suddenly relevant again film 'Changing Places.'"

"Trading Places" (filmed here in Philly).

Welcome to DU.

[2naSalit]

10. Welcome to DU!

[ExWhoDoesntCare]

12. Trading Places was the name of the film.

One of my neighbors in Redondo Beach was part of the crew for that one.

[LetMyPeopleVote]

4. TFG is getting desparate

TFG has been making some very silly arguments lately. TFG is worried and the attorneys are throwing everything against the wall hoping for something to stick

[Hekate]

7. "For reasons this court has explained ad nauseam, that view is simply incorrect"

Thank you, Judge Engoron

[bucolic_frolic]

8. The entire accounting profession as well as GAAP is on trial here

Good to know the courts and judges take this seriously. Civilization depends on accurate measures. If you can't rely on accounting to measure you haven't got much remaining of how to quantify the economy. These are broad implications for financial fraud.

[MineralMan]

9. Well, I think Trump should do everything he can to

antagonize the Judge. That'll probably work....

[gratuitous]

11. So the defendant doesn't want to pay back any of the money?

No fines, no disgorgement. So what would be a suitable penalty, if not paying back the money the defendant realized through his lying, cheating ways?

I guess judges (with one or two notable exceptions) aren't quite as gullible as the average attendee at one of the defendant's rallies.

[BlueIdaho]

13. "Disgorgement"

I like the sound of that - sounds like gutting a fish…

[magicarpet]

14. Claw back,.. ?

HELL NO ....

Dump five more dump truck loads of cold hard cash on tfg's front door steps.

Get with the spirit of the grifting program - it is take,... take,... take. You never share or give anything back. Naked self enrichment is the name of the game. You always bounce the bill on someone else's tab. Never pay for nothing.