"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.”

  • mercano@lemmy.world
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    10 months ago

    The other victims are other people applying for loans. The banks might have been more inclined to give them loans, or give them loans at better interest rates, if their money wasn’t tied up in the loans they made to Trump’s business under false pretenses.