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$350 million jugment against Trump

The New York fraud case that just ended a few days ago, at which Donald Trump was condemned to pay fines over $350 million, smelled of politics until I read parts of the judgment.  

Honestly, I don't understand how he's not in jail, granted its a civil trial, but still the level of proven fraud is astounding.  Even more remarkable is that a bank such as Deutsche Bank would still do business with the Trump organization.  If I were a banker I would be alarmed by the legal risks in dealing with such a borrower.  Although they may soon call their loans, if DB's legal department just takes the trouble of reading the judgment, the Trump organization is clearly in breach of loan covenants.  The judgment outlines which covenants are in breach!   Since September 2023, there has been no CFO, they have not sought one or appointed one.  Trump's son was not aware that there is no CFO (He is a director of the company).  The past CFO is in prison.

It is the most sensational judgement of financial malfeasance I have ever seen.  This court case may have started for political reasons, but the fraud is all too real.

At the very least, the Americans are entertaining.

 

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