(C) Daily Kos This story was originally published by Daily Kos and is unaltered. . . . . . . . . . . Trump trial Monday, what's next [1] ['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.'] Date: 2023-10-01 Trump’s civil fraud trial starts Monday. Trump was already declared liable for fraud so what’s left? The Case James asked for the following relief A. Cancellation of Trump’s NY business certificates . Granted This has been called the corporate death sentence. All of Trump’s many LLC ultimately roll up to just a couple, so this affects Mar a Lago and the Chicago Hotel and golf courses outside of NY. David Cay Johnston and others are basically saying Trump’s out of business. Other’s are not going so far yet. This will be appealed, but he judge has asked them to put forward the names of possible receivers to dissolve the company. Similar to a bankruptcy. So Trump will not in charge of what happens to his company. From what I read it could be everything is sold off and if there’s money left over, Trump gets a check and certificates marked cancelled and sent on his way. If he has cross collaterized his properties on loans, banks are going to try to get first in line and it could get even more complicated. B. An Independent monitor over the Trump Organization for 5 years. Granted (I think.) I think the judge reappointed the current monitor. Trump’s lawyer also proposed her as the receiver as she is now familiar with the Trump Organization. C. Independent Trustees on the Donald J. Trump Revocable Trust. TBD D. Accurate Financial Statements for the next five yeas, to be given to everyone who got his prior fraudulent states of financial condition . TBD E. Trump and Trump Organization banned from NY real estate for 5 years. TBD F. Trump and Trump Organization banned from any loans from NY financial institutions for 5 years. TBD G. Permanent ban on Trump, Don Jr, Eric, and Ivanka from being an officer of a NY corporation . TBD Ivanka is no longer part of this suit as the statue of limitations ran out. She left the company. I. Permanent ban on Trump executives Alan Weisselberg and Jeffrey McConney from being a financial officer of a NY corporation . TBD J. $250 million in disgorgement of financial benefits of the fraud plus interest. K. Whatever else the Judge deems fit. The trial This is a bench trial, no jury. Same judge who already lowed the boom on Trump gets to decide all remaining issues. Same judge who just many his lawyers pay a fine for repeatedly introducing arguments that were already dismissed. Trump’s main lawyer, had to ask what the trial will look like when it’s looks like it’s already over. Also wondered what the corporate death penalty looks like. Trump shouldn’t have a hired a lawyer from Florida for this very NY case. No cameras in courtroom but reporters can bring in laptops and live tweet. First witness is going to be Trump’s accountant, Donald Bender of Mazars USA. Mazars severed their relationship with Trump last year saying the financial statements at the heart of this case can no longer be relied on. Bender also testified at the case where Alan Weisselberg and The Trump organization were found guilty of criminal tax fraud. Trump, Don Jr, Eric, Ivanka are on on the AG’s witness list. Trump is said to be the second to last witness they will call. In additon. Next week Trump has to sit for a deposition from Michael Cohen in Trump’s lawsuit against Cohen. It’s going to be a brutal month for Trump. [END] --- [1] Url: https://www.dailykos.com/stories/2023/10/1/2196691/-Trump-trial-Monday-what-s-next Published and (C) by Daily Kos Content appears here under this condition or license: Site content may be used for any purpose without permission unless otherwise specified. via Magical.Fish Gopher News Feeds: gopher://magical.fish/1/feeds/news/dailykos/