Connect with us

News

Trump Organization Given ‘Corporate Death Penalty’ and Ordered Dissolved by Judge After ‘Persistent Fraud’: Legal Experts

Published

on

A New York judge has ordered Donald Trump’s business entities in the state of New York, including The Trump Organization, dissolved, and his business certificates canceled, according to legal experts, after ruling that the ex-president for years committed fraud and deceived banks and insurers by inflating the value of his assets.

Manhattan Supreme Court Justice Arthur Engoron “has ordered cancellation of all [NYS] business [certificates] of ‘any entity controlled or beneficially owned by Donald J. Trump, Donald Trump, Jr, Eric Trump, Alan Weisselberg, & Jeffrey McConney. An independent receiver will manage the dissolutions,” writes former federal prosecutor Elizabeth de la Vega.

The Messenger reports Judge Engoron’s “blockbuster ruling found that the former president and his business leaders failed to correct course after warned of a ‘propensity to engage in persistent fraud,'” and ordered “a quick timeline to dissolve the Trump Organization and other corporate entities.”

READ MORE: House GOP Shutdown Demands Include Gutting Billions From Dept. of Education, Costing Over 200,000 Teachers Their Jobs

MSNBC legal analyst Lisa Rubin explains that the “New York trial court judge has found that Trump, his adult sons, and Allen Weisselberg engaged in a persistent, years-long fraud through ‘fantasy world’ valuations of core Trump assets, including his own residence and various golf courses and office buildings.”

“His decision not only eliminates the need for trial on that claim, but also orders fairly dramatic relief: the cancellation of New York business certificates for all of the entities named as defendants, ‘as well as any other entity controlled or beneficially owned by the individual defendants found liable,'” she adds.

“In addition to finding that Trump committed fraud, the judge canceled the certificates of various Trump businesses, appointed a former judge as an independent monitor of the Trump Organization, and will appoint receivers to manage the canceled LLCs,” writes former federal prosecutor Renato Mariotti.

“This is a pretty big deal,” he adds.

Professor of law Ryan Goodman, the former Dept. of Defense Special Counsel says Manhattan Supreme Court Justice Arthur Engoron ordered the “corporate death penalty” for the Trump organization. Former U.S. Attorney Joyce Vance also used the term “corporate death penalty.”

READ MORE: ‘Careening’ Toward ‘Risk of Political Violence’: Experts Sound Alarm After Trump Floats Executing His Former General

“The leading Republican candidate has been found liable for sexual assault and fraud, his companies found guilty of fraud, and he’s charged with 91 OTHER felony counts. That he is not dismissed politically out of hand says much more about us, than about him,” observes MSNBC’s Andrew Weissmann, the well-known former lead prosecutor in Robert S. Mueller’s Special Counsel’s Office and former FBI General Counsel.

Attorney, retired U.S. Air Force colonel, and former administrative law judge Moe Davis responding to the news, writes: “Trump is the eponymous fraudster. The name Trump is to fraud what Campell’s is to soup, Kleenex is to tissue, and ping is to pong.”

 

There's a reason 10,000 people subscribe to NCRM. You can get the news before it breaks just by subscribing, plus you can learn something new every day.
Continue Reading
Click to comment
 
 

Enjoy this piece?

… then let us make a small request. The New Civil Rights Movement depends on readers like you to meet our ongoing expenses and continue producing quality progressive journalism. Three Silicon Valley giants consume 70 percent of all online advertising dollars, so we need your help to continue doing what we do.

NCRM is independent. You won’t find mainstream media bias here. From unflinching coverage of religious extremism, to spotlighting efforts to roll back our rights, NCRM continues to speak truth to power. America needs independent voices like NCRM to be sure no one is forgotten.

Every reader contribution, whatever the amount, makes a tremendous difference. Help ensure NCRM remains independent long into the future. Support progressive journalism with a one-time contribution to NCRM, or click here to become a subscriber. Thank you. Click here to donate by check.

News

‘Fundamental Miscalculation’: Columnist Says Democrats Have ‘Little Chance’ in Midterms

Published

on

Democrats made a “fundamental miscalculation” in the redistricting wars and now have “little chance” in the November midterms, argues Eric Garcia at The Independent.

Calling the Virginia Supreme Court’s nullification of a voter-led ballot initiative that allowed the creation of four Democratic congressional districts a “massive body blow,” Garcia also points to the U.S. Supreme Court’s decision “virtually nullifying the Voting Rights Act” by requiring Louisiana to redraw its congressional map. There is also the Tennessee legislature turning majority-Black Memphis into another GOP seat — erasing the only Democratic seat in that state.

“And this does not count the redrawing of congressional districts in Missouri and North Carolina before the Supreme Court decision, or Alabama, which is under a court order to not redraw its map until 2030,” Garcia says. He notes that California has been the only state to respond, doing so by adding five Democratic seats to the state.

Zachary Donnini, the head of data science at VoteHub, a political news outlet, “put it bleakly for Democrats.”

Donnini says that now, instead of having to flip just three seats to take the majority in the House, Democrats will have to flip an additional nine seats — a total of twelve in all.

Democrats tried to “lead by example,” but, Garcia says, they turned their states into “laboratories for democracy” by creating “unilateral” disarmament “on behalf of the Democrats” — an act, he labels, a “fundamental failure.”

But he offers Democrats a little hope.

Texas’s redistricting plan relied on Hispanic voters, “after flirting with Trump,” to stay aligned with the GOP. That might have changed. The situation is the same in South Florida, “where the state’s normally conservative Cuban Americans have been caught in the Trump immigration dragnet.”

Pointing to inflation, the economy overall, and Trump’s Iran war, Garcia says Republicans holding on to the House might be “even more difficult.”

Democrats, however, made a “fundamental miscalculation,” Garcia concludes. “By creating guardrails and rules, Republicans did not see a reason to compromise and meet them halfway. It made them targets for weakening. Now, Democrats have put themselves in a bind. They only have themselves to blame.”

 

Image: Public Domain by Architect of the Capitol via Flickr

Continue Reading

News

Trump Is Bored With His Iran War — Iran Isn’t: Columnist

Published

on

President Donald Trump is “bored” with his Iran war, but Iran is not — and isn’t ready for the war to be over, argues Jonathan Lemire at The Atlantic.

The president, now in a “bind,” is tired of the war he started, and has declared victory several times, while Iran “does not want the war to come to a close.”

Trump’s GOP “is warily watching rising gas prices and falling poll numbers,” while the president “doesn’t want to be bogged down in a Middle East conflict like some of his predecessors were. He doesn’t want it to upend his high-stakes summit next week in China. He is ready to move on.”

“The president, five aides and outside advisers told me, is convinced that he can sell any sort of agreement as a win. But at least for now, the man who wrote The Art of the Deal can’t even get Iran to the negotiating table.”

Iran hasn’t even responded to Trump’s one-page memo “that is far more of an extension of the cease-fire than a treaty to end the conflict.”

Trump, Lemire says, did not expect the war to go like this. After his successful excursion into Venezuela, he “set his eyes on Iran, telling confidants that it would ‘be another Venezuela,’ a pair of outside advisers told me.”

It has not been that.

Trump expected his Iran war to last days, or maybe a week or two. It has now been months.

And while administration officials believe the blockade will be successful, experts say Iran can withstand it for months, time the president, with the midterms coming, does not have.

“It then becomes a matter of pain: Which side can withstand the most economic hardship?” Lemire asks.

Trump, impatient, has debated declaring victory and moving on.

“Secretary of State Marco Rubio went so far as to say earlier this week that the war was over,” Lemire notes. “But doing so now would leave the conflict’s goals, as outlined at various times by the president and his aides, unfulfilled.”

The president, says Lemire, “wants the war to end. He wants a deal. But deals take two parties, and there’s no evidence that Iran is interested in bailing Trump out of a dilemma of his own making.”

 

Image via Reuters 

Continue Reading

News

Lauren Boebert Knows What Aliens Really Are: ‘Fallen Angels’ — and Possibly Demonic

Published

on

U.S. Rep. Lauren Boebert (R-CO) says that aliens from outer space are actually “fallen angels and Nephilim” from the Old Testament of the Bible, according to Right Wing Watch. On Friday, President Donald Trump released declassified government UFO files.

“God is the creator of the universe,” Congresswoman Boebert says in recorded video published Friday by Right Wing Watch. “He’s never not going to create.”

The Colorado Republican lawmaker said that it’s “always been something in my mind to say, ‘Well, how can we be the only ones?’ Like, God’s not going to stop creating just with us.”

“But the more I look into this,” she continued, speaking from inside a car, “the more I see the Old Testament and what was told to us there, of fallen angels, and Nephilim.”

She defended her take by saying, “this is in the Bible,” and there’s “nothing that says that fallen angels, that Nephilim just disappeared. And so I believe that this could be an aspect of it.”

Boebert went on to say that “things that we have seen…could resemble portals,” although in the video she does not explain further.

“And, you know, I mean, this is, we serve an infinite God, a God of the universe. And to say that this is the only realm, is ignorant.”

She denied that aliens are a “Marvin the Martian kind of thing.”

“But I do believe that this is more spiritual, and if you really want to go there, demonic.”

 

Image via Shutterstock 

Continue Reading

Trending

Copyright © 2020 AlterNet Media.