A Manhattan judge on Tuesday found Donald Trump and his real-estate company liable for fraud.The judge ordered the Trump Organization's New York corporate charters revoked immediately.A receiver will be appointed to "dissolve" the company — but years of appeals may play out first.
Note that this is only the second time this penalty has been assigned. The first time, the same prosecutor sought it, and look who the target was:
...the penalty is so rare that the only previous time it's been attempted on such a grand scale — when James sought the corporate death penalty in her three-year-old, ongoing fraud lawsuit against the NRA — has failed."It's a staggering judgment," said John Moscow, a former financial-crimes prosecutor for the Manhattan district attorney's office."It means you are no longer a company, and the judge is appointing someone to take over the assets and distribute them as the court sees fit."
So the only two corporations in the history of Manhattan, home of Wall Street, that have merited this penalty in the eyes of the state are the NRA and the Trump Organization? That strongly suggests that corporate malfeasance isn't the real issue behind these prosecutions and the seeking of this penalty.
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