435 sats \ 3 replies \ @UCantDoThatDotRugged 21 Feb \ on: What does SN think of the Trump/NYC verdict? news
If there are materially false statements on a loan application, that is fraud. I have not seen the loan application. I don't trust courts to properly evaluate laws or documents. I expect courts to hold Trump to a different standard than Biden. I feel safe assuming what has happened here. I doubt New York development elites would survive this standard being held statewide.
Even IF it is material, does the punishment fit the crime?
it's almost like they're aching for him to be president again
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Good point. There's no way there's $300million of damages. As #434318 Siggy said below, there's no victim at all, and the state requires it by law. The more facts I learn, the more unruly the court seems to be.
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If there are materially false statements on a loan application, that is fraud.
well.....the injured party would need bring the case.
I don't think I've every heard of a case where the state files a civil suit against someone with no plaintiff claiming they were injured. I mean Deutschebank was called to testify and basically testified on behalf of Trump. Saying they willingly entered into the loan contract and were paid-in-full....
Forget Trump, but this precedent should be extremely worrying to all businesses in NYC.
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