New York appeals court judge on Friday rejected Donald Trump’s attempt to stop the ongoing $250 million civil fraud trial, but temporarily halted the process of breaking up the former president’s businesses.
Associate Justice Peter Moulton issued the ruling after a brief hearing Friday afternoon. It leaves Trump’s empire untouched for at least another month and perhaps offers the former president and his family a glimmer of hope.
Trump sought to put Judge Arthur Engoron’s surprise summary judgment order last week that he is liable for fraud and must cancel business certificates for many of his business entities on hold pending further appeal.
Doesn’t this just give Trump extra time to hold a fire sale? Like, if he knows that in a month he’s going to lose everything, what’s preventing him from just liquidating it all and just shoving it all into offshore accounts?
No because a retired judge, Barbara Jones, has been put in control of the whole Trump organisation and every financial act has to go through her.
Huge paper trail and would be a fast way to jail. Even for Trump. As much as he has influence, it is hard to hide money like that. Also he has assets throughout the US. Is he going to sell it all and put it into offshore accounts. Because if he illegally sends New York assets away, they will go for anything he holds.
Secondly do people here really think money is useful on its own? To have the lifestyle in the US or abroad, having all those funds locked into some offshore bank is rather useless. Unless he wants to move to said location. Certainly would not be conductive to his jet setting lifestyle he so wants to portray.