Donald Trump hit where it hurts most in New York fraud ruling

[Joshua Farrell]

Donald Trump's latest legal loss hits him where it hurts most because it takes aim at his very identity.

That image - forever tied to New York deal-making and reinforced by relentless self-promotion - catapulted him to international fame, allowing him to reinvent himself first as a reality TV star and then ultimately president of the United States.

But Judge Arthur Engoron's ruling in a civil fraud case - related to the inflation of property values and lying on financial statements to obtain better loan terms - undermines Mr Trump's entire narrative. It instead paints him as a fraud and inflicts a massive blow to his business empire and wealth.

Trump ordered to pay $355m in New York fraud case: https://www.bbc.co.uk/news/world-us-canada-68320290

He has been hit with an enormous financial penalty of $355m (£282m; €329m) - which jumps to more than $450m once interest is included - that far exceeds how much cash he has to hand. His business will continue to be be watched by an independent monitor, with a separate independent director of compliance also signing off on major business decisions.

Read More: https://www.bbc.com/news/world-us-canada-68323086

As the article mentions further on in it, he does tend to know how to work around issues like this, as fines in the past against his businesses, has never stuck.

Still, that is a ton of money to have to pay off.

 

[magnus2022]

Trump always knows how to navigate through challenges and comes out victorious. Trump is a fighter and a game changer. When you think is over, Trump will wake up like Phoenix. The man continue to surprise me!

 

[Carson20t]

This is a sad development, I do not know why the former president has to be involved with so many scandals like that. It looks like there is a personal vendetta against him because the other camp is not able to file in a candidate who will be a contender. After all, the decisions that have been made under the Biden administration have made A lot of Americans sad. The Economy is underperforming and the foreign policies and stance on the Ukraine-Russia war and the Hamas is Israel war. I do not like it when there is a war in the world. This is because we are no longer barbarian to the extent that we have to kill other likeness individuals. After all, we are in conflict. We do not need nukes. We need a world that will be able to find a way to resolve our conflicts.

 

[Webster]

Still, that is a ton of money to have to pay off.

Ain't lawfare nice?
Especially given Letitia James all but bragged about wanting to "get Trump" when she ran for NY state attorney general....

 

[Augusta]

Trump always knows how to navigate through challenges and comes out victorious. Trump is a fighter and a game changer. When you think is over, Trump will wake up like Phoenix. The man continue to surprise me!

He is just who he is. He love challenges and try to find ways to win them. Well that's true leadership and one that wants to be a great fighter