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Trump knows the law; it was applied against Trump University
Posted on: February 18, 2024 at 15:40:05 CT
Ace UNC
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https://www.nytimes.com/2024/02/16/nyregion/trump-fraud-trial-ny-law.html
The law, often referred to by its shorthand, 63(12), which stems from its place in New York’s rule book, is a regulatory bazooka for the state’s attorney general, Letitia James. Her office has used it to aim at a wide range of corporate giants: the oil company Exxon Mobil, the tobacco brand Juul and the pharma executive Martin Shkreli.
On Friday, the law enabled Ms. James to win an enormous victory against Mr. Trump. Along with the financial penalty, the judge barred Mr. Trump from running a business in New York for three years. His adult sons were barred for two years.
The judge also ordered a monitor, Barbara Jones, to assume more power over Mr. Trump’s company, and asked her to appoint an independent executive to report to her from within the company.
Edited by Ace at 15:43:51 on 02/18/24
The law, often referred to by its shorthand, 63(12), which stems from its place in New York’s rule book, is a regulatory bazooka for the state’s attorney general, Letitia James. Her office has used it to aim at a wide range of corporate giants: the oil company Exxon Mobil, the tobacco brand Juul and the pharma executive Martin Shkreli.
On Friday, the law enabled Ms. James to win an enormous victory against Mr. Trump. Along with the financial penalty, the judge barred Mr. Trump from running a business in New York for three years. His adult sons were barred for two years.
The judge also ordered a monitor, Barbara Jones, to assume more power over Mr. Trump’s company, and asked her to appoint an independent executive to report to her from within the company.
Edited by Ace at 15:43:51 on 02/18/24
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Trump knows the law; it was applied against Trump University - Ace AU - 2/18 15:40:05