Rapidcreek@lemmy.world to politics @lemmy.world · 5 months agoTrump rails against New York fraud ruling as he faces fines that could exceed half-a-billion dollarsapnews.comexternal-linkmessage-square24fedilinkarrow-up1158arrow-down111
arrow-up1147arrow-down1external-linkTrump rails against New York fraud ruling as he faces fines that could exceed half-a-billion dollarsapnews.comRapidcreek@lemmy.world to politics @lemmy.world · 5 months agomessage-square24fedilink
minus-squarePretzilla@lemmy.worldlinkfedilinkarrow-up21·edit-25 months agoThe $350M is low since it’s only a loss recovery. Effectively a low interest loan. Triple damages are more in line to dissuade fraudsters from fraudding.
minus-squareRubberDuck@lemmy.worldlinkfedilinkarrow-up5·5 months agoWell now he has been found liable, there is a possibility for financial institutions to file suit if they feel they had damages. They will probably wait for the election cycle to be over. If he is not elected… he might have some banks that would like to discuss missed payments.
The $350M is low since it’s only a loss recovery. Effectively a low interest loan.
Triple damages are more in line to dissuade fraudsters from fraudding.
Well now he has been found liable, there is a possibility for financial institutions to file suit if they feel they had damages.
They will probably wait for the election cycle to be over. If he is not elected… he might have some banks that would like to discuss missed payments.