New York Governor’s attempt to downplay concerns over the $355 million judgment against the Trump Corp. faces skepticism as political implications unfold. Despite Judge Arthur Engoron characterizing the case as a “venial sin, not a mortal sin,” the magnitude of the judgment prompted strong reactions, with some viewing it as a public execution.
Attorney General Letitia James added fuel to the fire, announcing a three-year business ban for Donald Trump in New York and projecting damages of approximately $460 million with interest. The celebration surrounding the ruling reached an almost indecent level, highlighting the divisive nature of the case.
Critics argue that the astronomical damages, exceeding the GDP of some countries, raise questions about the proportionality of the punishment. Witnesses testified that no banks suffered losses, and Trump, characterized as a “whale” client, had opportunities for high-yield business.
In response, Trump condemned the ruling as a “sham case” during a Michigan rally, asserting innocence and predicting that the decision would drive businesses away from New York. The controversial judgment further intensifies the political and legal landscape, inviting scrutiny into the motivations and consequences of such a high-profile case.
Sources:
Gov. Hochul just assured businesses that there is “nothing to worry about” after the $355 million public execution of the Trump Corp. Drawing new businesses to the city is going to be about as easy as selling country estates during the French Revolution. t.co/W2sJ50xES0
— Jonathan Turley (@JonathanTurley) February 18, 2024
www.theguardian.com/us-news/2024/feb/18/trump-verdict-new-york-business-governor-kathy-hochul
h/t LoneStarRising