FINALLY! Some Trump Action..

NY State had just filed suit charging Trump and three of his children with fraud over the valuations of properties within NY state. The amount of the suit is $250 Million. It is alledged that these valuations were for the purpose of falsely inflating Trumps real Wealth for advantage as well as underpaying Taxes due.
Now if Trump is as rich as is claimed this is peanuts to him. But it does come with the rider that Trump and his kids wont be able to run businesses in NY and the Trump organisation wont be able to operate as it stands.
Further; It is my belief that this will cause the sale or seizure or some Trump properties.. And that they are so heavier encumbured that they wont realize enough to cover their indebtedness, causing more properties to be seized to clear those debts. A gaint, slow motion domino effect I have been waiting for, for some time.

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MistyCee

It'll be interesting to see how long a civil case will take after pre-suit state investigation/discovery and Trump taking the Fifth to every question asked.

There's usually plenty of reasons why civil suits wait until after criminal proceedings, but this one's a little wonky with likely no insurace coverage issues, a pretty obvious apparent motive to cripple him financially, a ton of semi-available PAC money to throw at defending it, and all the claims appearing to be non-dischargeable in bankruptcy.

Alina Habba is going to be on the spot with this one, even if Trump can afford to give her help.

whowasthatmaskedman · 70-79, M

@MistyCee Another domino in the mix. If he uses the PAC money, and gets caught using it wrongly, he can be charged with that as well. And he is not exactly meticulous in thinking these things through.. I do think we are seeing the first move on this house of cards. Those civil charges were almost a biproduct of the criminal investigation and its all linked ..😷

MistyCee

@whowasthatmaskedman No doubt it's all linked. Flip side, though, is the lawyers signing on to defend the civil cases will need to be paid up front, and I think (ok, hope) that anyone picking up his case and planning on getting paid by Trump supporters donations will have to factor in disgorgements and their own potential criminal liability.

whowasthatmaskedman · 70-79, M

@MistyCee I predict the first time Trump is forced to take the stand and fails to remember to plead the fifth at least one of his legal team will suicide..😷