Podcast Summary
NY AG seeks to let Trump businesses continue operating: NY AG Leticia James is pushing for Trump's businesses to stay open during ongoing trial, instead of dissolving them, despite a potential finding of persistent fraud.
New York Attorney General Leticia James is seeking to allow Donald Trump's businesses to continue operating, rather than dissolving them, in a recent court filing. Trump had attempted to halt the ongoing trial, arguing that the judge was wrong in granting the attorney general's motion for summary judgment on a persistent fraud claim. If a finding of persistent fraud is made, all bets are off, and the judge had previously granted various forms of relief, including the dissolution of Trump's business entities and the appointment of a receiver. However, the issue of monetary disgorgement was left for trial. Despite Trump's efforts to halt the trial, the judge did not grant a stay, and the remaining counts of persistent fraud were left to be tried.
Trump's Attempt to Halt NY AG Investigation Denied: Trump unsuccessfully tried to halt NY AG investigation by appealing for a trial stay, monitor removal, and info exchange halt. AG only agreed to let him keep operating businesses.
Donald Trump attempted to halt the New York attorney general's investigation into his business dealings by appealing for the dissolution of his company to be stopped. He argued for the appointment of a monitor to be stopped, information exchange with the attorney general to be halted, and the trial to be postponed. However, the appellate court did not see this as an emergency and the trial is currently underway. The New York attorney general recently filed a 35-page opposing brief, criticizing Trump's case and arguing against staying the trial. The only concession the attorney general is willing to make is allowing Trump to keep operating his businesses, as long as their certificates of operation are not dissolved. This is significant because the attorney general needs the companies to continue generating cash for potential damages to be paid at the end of the trial.
Attorney General's Confident Strategy in Fraud Case: The Attorney General is using her confidence in the case to wait to dissolve the companies involved, allowing her to better understand the case's progression and use their assets as leverage.
The Office of the Attorney General is confident in her case against the companies and individuals involved in the fraud case, and she is using this confidence to her advantage by waiting to dissolve the companies until after she has won the other counts in the trial. This strategy allows her to have a better understanding of the case and its progression while still allowing the companies to continue operating. Additionally, the Attorney General is emphasizing the importance of the companies' assets, particularly in relation to the potential financial gain for her, and is using the potential dissolution of the companies as a form of leverage. Furthermore, the Attorney General has presented a strong case with numerous favorable witnesses and evidence, and her decision to wait to dissolve the companies demonstrates her belief in the ultimate success of her case. Finally, the Lomi appliance mentioned in the text serves as a metaphor for the Attorney General's ability to transform waste (in the form of the fraud case) into something valuable (financial gain and justice).
Reducing food waste benefits the environment: Transforming food scraps into nutrient-rich plant food reduces personal carbon footprint and creates a natural fertilizer, while eliminating food waste contributes to the fight against climate change
Reducing food waste not only makes our lives easier by minimizing kitchen chores, but also benefits the environment. The Lomi food recycler, which transforms food scraps into nutrient-rich plant food in just 4 hours, can help reduce personal carbon footprint and create a natural fertilizer for gardens. Simultaneously, eliminating food waste contributes to the fight against climate change. Meanwhile, in legal news, the New York State Office of the Attorney General is seeking to deny a stay in the ongoing trial against the Trump Organization due to alleged fraudulent business practices. The request for a halt to the trial would cause significant delays in other related cases and unfairly disrupt the judicial process.
New York AG accuses Trump of inflating asset values: The New York Attorney General alleges Trump used deceptive strategies to misrepresent property values, securing favorable loans and insurance terms, and the appellate division's inaction could allow the case to continue without resolution
The New York Attorney General, Letitia James, has accused Donald Trump and several entities of engaging in an unlawful scheme to inflate the value of his assets for decades. The attorney general alleges that they used various deceptive strategies to misrepresent the value of properties such as the penthouse in Trump World Tower, Mar-a-Lago, and the Scotland golf course. Trump's false and misleading statements were used by banks and insurers to secure more favorable loan and insurance terms. The defendants then retained these terms with each annual statement, leading to reduced loan and insurance rates throughout the life cycle of those loans and policies. Despite the attorney general's confidence in her case following a five-week trial, it is predicted that the appellate division, first department, may choose to do nothing and wait for the case to be moot. This would allow the trial to continue unabated and potentially wrap up in November, at which point the issue related to the stay would be considered moot. This tactic has been used against Trump before, and it is likely to be employed again. In summary, the appellate division's inaction could allow the case to continue without resolution.
New York AG Argues for Case Against Trump Businesses to Continue: Despite Trump's arguments, the appellate court can allow the trial against his businesses to proceed if valid claims exist within the statute of limitations.
The appellate court has the power to allow a trial to continue against Donald Trump's businesses despite his arguments that certain claims are outside the statute of limitations. The court can deny a stay request and let the trial proceed until a final judgment is reached. Leticia James, the New York Attorney General, argues that the existence of valid claims within the statute of limitations is enough to keep the case moving forward. The court is currently examining the likelihood of success on the merits of Trump's primary argument regarding the application of the statute of limitations by Judge Angouorou. This legal battle has been ongoing for five weeks, and the Midas Touch network will continue to provide updates and analysis on the case. With 32 years of trial expertise in New York, the network's team is well-equipped to bring insightful perspectives to the ongoing legal proceedings. Tune in to their podcast every Wednesday and Saturday for in-depth discussions on the case.
Midas Touch YouTube Show: Stay Updated with Important News: Watch Michael Poplak and Ben Meiselas' YouTube show every Saturday at 8 PM EST for important news updates or follow them on Instagram @Midas Touch
Michael Poplak and Ben Meiselas host a popular live YouTube show every Saturday at 8 PM EST, reaching an audience of 20,000 to 50,000 people, making it the number one show on YouTube at that moment. They then distribute the podcast on various audio platforms. So, if you're interested in staying updated with important news, tune in to their show or follow them on Instagram @Midas Touch.
