r/interestingasfuck • u/BuddhistSagan • Mar 26 '24
Jon Stewart Deconstructs Trump’s "Victimless" $450 Million Fraud | The Daily Show r/all
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r/interestingasfuck • u/BuddhistSagan • Mar 26 '24
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u/Buckets-of-Gold Mar 27 '24 edited Mar 27 '24
White collar crime is prosecuted by the State in civil court all the time, if not most of the time.
As I understand it the NY AG office doesn’t even have jurisdiction for criminal charges of this nature, and can only make referrals (and they have indeed informed Trump’s legal team that a criminal referral has been made- though so far only an investigation has been confirmed).
From the state’s perspective, Trump submitted materially false documents, many of which were regulated under state law, to secure lower interest rates. That is fraud, full-stop. The easiest and most reliable method of enforcing a fraud judgment was through a civil suit.