"Within days, Donald Trump could potentially have his sprawling real estate business empire ordered ‘dissolved’ for repeated misrepresentations on financial statements to lenders, adding him to a short list of scam marketers, con artists and others who have been hit with the ultimate punishment for violating New York’s powerful anti-fraud law,” the AP reports.

“An Associated Press analysis of nearly 70 years of civil cases under the law showed that such a penalty has only been imposed a dozen previous times, and Trump’s case stands apart in a significant way: It’s the only big business found that was threatened with a shutdown without a showing of obvious victims and major losses.”

  • Flying Squid
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    1511 months ago

    By the way, how the hell do you get a bank to just up and forgive a $48 million dollar loan? Does that make any sense to anyone?

    “If you owe the bank $100, that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.”

    ― J Paul Getty

    • @Boddhisatva
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      311 months ago

      Yeah, probably the whole explanation in a nutshell.