@
sunsporter1649 You STILL don't undstand? Lemme post it again!!!
In New York State, it's against the law to falsify business records. Has been since the 1960s.
Among the documents Trump falsified were SFCs (Statements of Financial Condition). He did that partly by feeding false info to and concealing liabilities from his accounting firm, Mazars. That's why Mazars dumped Trump back in Feb 2022.
"The law under which Ms. James sued, known by its shorthand 63(12), requires the plaintiff to show a defendant’s conduct was deceptive. If that standard is met, a judge can impose severe punishment, including forfeiting the money obtained through fraud. Ms. James has also used this law against the oil company ExxonMobil, the tobacco brand Juul and the pharma executive Martin Shkreli."The statute Trump violated is New York Executive Law EXC § 63(12). The purpose is to take away the incentive for cheating by forcing disgorgement of profits made from cheating. If a scam artist makes $350 mil from cheating and you only fine him $50 mil, that makes cheating VERY profitable - you can't deny it.
Trump falsified business records involving:Trump Tower triplex apartment
40 Wall St
Vornado Realty Trust
Trump Park Ave
Seven Springs
Briarcliffe
Mar-a-Lago
Trump National Golf Club LA
Aberdeen Golf Course
Trump is thus required by law to disgorge profits made from these falsifications.
For complete details, see
https://static.foxnews.com/foxnews.com/content/uploads/2024/02/Judge-Engoron-ruling-in-Trump-New-York-civil-fraud-case.pdf