"Within days, Donald Trump could potentially have his sprawling real estate business empire ordered ā€˜dissolvedā€™ for repeated misrepresentations on financial statements to lenders, adding him to a short list of scam marketers, con artists and others who have been hit with the ultimate punishment for violating New Yorkā€™s powerful anti-fraud law,ā€ theĀ APĀ reports.

ā€œAn Associated Press analysis of nearly 70 years of civil cases under the law showed that such a penalty has only been imposed a dozen previous times, and Trumpā€™s case stands apart in a significant way: Itā€™s the only big business found that was threatened with a shutdown without a showing of obvious victims and major losses.ā€

  • gregorum@lemm.ee
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    8 months ago

    I disagree. The victims only seem ancillary because theyā€™re the faceless public. That doesnā€™t decrease the wrong committed nor the importance of the justice sought, nor even the value of the remedy issued by the court.

    Just because the media canā€™t deliver it with a satisfying ā€œSLAMSā€ or ā€œWRECKSā€ or whatever superlative sells headlines this week takes nothing away from the scale of such a victory, should such a judgement be reached. The only losers would be the media for lack of some salacious story to sell with clicks to baitā€” and thatā€™s not the point of any of this.

    And Trump, of course. Isnā€™t that enough?

    • Telorand@reddthat.com
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      8 months ago

      Yeah, and thatā€™s why I said ā€œkind of.ā€ The faceless public is certainly the victim (as is always the case with anything related to Trump), but itā€™s really hard to personify a nebulous group that will be indirectly affected in the coming years (or were affected in ways unseen over the years).

      Fraud was committed, and fraud laws exist to protect the public and the markets from that kind of manipulation at their expense.

      • gregorum@lemm.ee
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        8 months ago

        The public is t harder to personify, they - we - are just less interesting and less salacious. ā€œThe publicā€ being ripped off for the trillionth time doesnā€™t bait clicks and sell headlines. It doesnā€™t keep people glued to CNN and Fox News 24/7 with outrage watching ads for whatever theyā€™re selling.

        The media canā€™t sell your ā€œkind ofā€