“It’s a staggering judgement,” said John Moscow, a former financial crimes prosecutor for the Manhattan district attorney’s office.
The ruling by New York Supreme Court Justice Arthur Engoron spends more some 35 pages describing Trump’s frauds, and disassembling his lawyers’ arguments.
James has alleged that Trump exaggerated the worth of his assets to banks and insurers by as much as $3.6 million in a single year.
Trump continues to own his buildings, agreed Moscow and another veteran Manhattan financial crimes prosecutor, Diana Florence, now also in private practice.
In theory, the receiver would continue to collect rents, pay taxes, pay the bills and the company salaries until the assets are sold off, with Trump, who is Trump Organization’s sole beneficiary, receiving what’s left over after any debts and liabilities are met, Florence said.
Those debts may include a $250 million judgement the attorney general will seek when the case goes to trial next month.
The original article contains 651 words, the summary contains 154 words. Saved 76%. I’m a bot and I’m open source!
This is the best summary I could come up with:
“It’s a staggering judgement,” said John Moscow, a former financial crimes prosecutor for the Manhattan district attorney’s office.
The ruling by New York Supreme Court Justice Arthur Engoron spends more some 35 pages describing Trump’s frauds, and disassembling his lawyers’ arguments.
James has alleged that Trump exaggerated the worth of his assets to banks and insurers by as much as $3.6 million in a single year.
Trump continues to own his buildings, agreed Moscow and another veteran Manhattan financial crimes prosecutor, Diana Florence, now also in private practice.
In theory, the receiver would continue to collect rents, pay taxes, pay the bills and the company salaries until the assets are sold off, with Trump, who is Trump Organization’s sole beneficiary, receiving what’s left over after any debts and liabilities are met, Florence said.
Those debts may include a $250 million judgement the attorney general will seek when the case goes to trial next month.
The original article contains 651 words, the summary contains 154 words. Saved 76%. I’m a bot and I’m open source!