Fact: Most folks will not even bother to read the ruling (available from the official site here: https://ag.ny.gov/sites/default/files/decisions/trump-decision.pdf), much less download it from any site, anywhere, and will simply swallow — hook, line, and sinker — whatever the talking heads they watch/listen to tell them, and whatever their favorite blathering pundits and prognosticators write on their websites, right, center, or left.
They do themselves, and the nation, a disservice to be so blithely insincere, and casually cavalier.
So here, for your pablum-puking pleasure, are selected outtakes, copied & pasted, of the most egregiously stunning highlights from Judge Engoron’s ruling in:
PEOPLE OF THE STATE OF NEW YORK,
Plaintiff,
vs.
DONALD J. TRUMP, DONALD TRUMP JR., ERIC TRUMP, ALLEN WEISSELBERG, JEFFREY MCCONNEY, THE DONALD J. TRUMP REVOCABLE TRUST, THE TRUMP ORGANIZATION, INC., TRUMP ORGANIZATION LLC, DJT HOLDINGS LLC, DJT HOLDINGS MANAGING MEMBER, TRUMP ENDEAVOR 12 LLC, 401 NORTH WABASH VENTURE LLC, TRUMP OLD POST OFFICE LLC, 40 WALL STREET LLC, SEVEN SPRINGS LLC,
Defendants.
Trump Organization’s History of Corporate Malfeasance
“The frauds found here leap off the page and shock the conscience.”
“…this Court is mindful that this action is not the first time the Trump Organization or its related entities has been found to have engaged in corpora malfeasance.”
“…the more evidence there is of defendants’ ongoing propensity to engage in fraud, the more need there is for the Court to impose stricter injunctive relief. This is not defendants’ first rodeo.”
“Defendants’ refusal to admit error—indeed, to continue it, according to the Independent Monitor—constrains this Court to conclude that they will engage in it going forward unless judicially restrained.”
“…the Trump Organization does not have the ability to operate with a functional financial reporting structure that would protect against fraud in the future. The fact that there are virtually no internal controls in place at the Trump Organization, “creates an atmosphere conducive to fraud.”
“…the Trump Organization has refused to prepare SFCs, even though various loan covenants obligate them to do so, ever since the monitor was appointed, leads the Court to conclude that the Trump Organization cannot, or will not, prepare an accurate SFC that is GAAP compliant and that values assets at their estimated current values. That the Trump Organization has taken to manufacturing its own version of its assets, one that fails to include any valuations, is a telling admission that it simply cannot, or will not, prepare an SFC without committing fraud.”
“…Donald Trump testified that, even today, he does not believe the Trump Organization needed to make any changes based on the facts that came out during this trial.”
“… “To err is human, to forgive is divine.” Defendants apparently are of a different mind. After some four years of investigation and litigation, the only error (“inadvertent,” of course) that they acknowledge is the tripling of the size of the Trump Tower Penthouse, which cannot be gainsaid.”
“…defendants are incapable of admitting the error of their ways.”
“Their complete lack of contrition and remorse borders on pathological.”
“In August 2013, OAG sued Donald Trump, the Trump Organization, and affiliated entities doing business as “Trump University” for fraud in the marketing and operation of Read the rest of this entry »