The Trump Organization is trying to determine the sweep of Tuesdayā€™s ruling that Donald Trump is liable for fraud and what it means for the future of the former presidentā€™s namesake business, his attorneys say.

At a pre-trial hearing Wednesday, Trump attorneys said they didnā€™t know to which part of the company the ruling applied and were starting to work out what may need to be dissolved to comply with the judgeā€™s surprise decision.

Officials from New York Attorney General Letitia Jamesā€™ office also said they needed more time to go through the order.

The fraud case ā€œchanged significantly since yesterday,ā€ New York Judge Arthur Engoron said in court Wednesday, referring to his stunning ruling where he found Trump and his adult sons liable for fraud and canceled the Trump Organizationā€™s business certification.

  • geekworking@lemmy.world
    link
    fedilink
    arrow-up
    71
    Ā·
    1 year ago

    Donā€™t underestimate the ability of stupid people to give him money. I suspect that he makes more from the grifting than the company. Losing the company martyrdom will be a boon for fundraising.

    • evatronic@lemm.ee
      link
      fedilink
      English
      arrow-up
      24
      arrow-down
      1
      Ā·
      1 year ago

      Youā€™re right, but the Org is also almost certainly a huge part of how he launders campaign money to pay off his ā€¦ Russian bankers.

    • Flying Squid@lemmy.world
      link
      fedilink
      arrow-up
      11
      Ā·
      1 year ago

      Heā€™s over 1 billion in debt. He didnā€™t even fundraise that much after the election and he had other expenses to cover.

    • some_guy@lemmy.sdf.org
      link
      fedilink
      arrow-up
      9
      Ā·
      1 year ago

      This guy made so much money when the first charge was levied that it made my eyes water. People who canā€™t afford rent are dying to bail him out. Itā€™s so stupid.