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☆ Trump's 'corporate death penalty' explained: veteran Manhattan fraud prosecutors describe what's next
▼ + stars: | 2023-09-27 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

A Manhattan judge on Tuesday found Trump and his real-estate company liable for fraud. The judge ordered Trump Organization's New York corporate charters revoked immediately. AdvertisementAdvertisementExperts are calling it the "corporate death penalty." AdvertisementAdvertisementTrump continues to own his buildings, agreed Moscow and another veteran Manhattan financial crimes prosecutor, Diana Florence, now also in private practice. Trump can't tell the receiver what to do," she said.

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☆ Trump's 'hush money' grand jury may have already voted. But the DA can slow-walk filing an indictment, experts say.
▼ + stars: | 2023-03-28 | by ( Laura Italiano | ) www.businessinsider.com time to read: +7 min

It's possible the Trump 'hush-money' grand jury has already voted to indict, ex-prosecutors say. NBC reported Tuesday that the grand jury is not meeting for the rest of this week. The grand jury last met on Monday afternoon, hearing testimony from former Trump ally and National Enquirer publisher David Pecker. And already, the office of District Attorney Alvin Bragg has had to deal with hoax bomb threats and an anthrax scare. The post was soon deleted and Trump attorney Joe Tacopina has said the image was posted by a staffer, not by Trump himself.

On Monday, grand jurors heard more than two hours of testimony from Robert Costello, an attorney for Trump ally Rudy Giuliani. Instead, Cohen waited outside the grand jury room Monday, at the ready should he be called before the grand jury again to challenge Costello's testimony, Davis said. The grand jury would still need to be "charged," the process when prosecutors explain the potential indictment count by count. Following the charge, the grand jurors would deliberate and vote. Grand jurors frequently accomplish these tasks quickly, according to former Manhattan prosecutor John Moscow, who handled hundreds of white-collar criminal cases before going into private practice.

☆ Trump risks 'hush money' charges carrying up to 4 years in prison, say ex-Manhattan prosecutors
▼ + stars: | 2023-01-31 | by ( Laura Italiano | ) www.businessinsider.com time to read: +6 min

Trump's Stormy Daniels "hush money" is the subject of a Manhattan grand jury, The NY Times reports. Ex-Manhattan financial crimes prosecutors say Trump risks felony-level state records-fraud charges. The first requirement to proving the highest level of falsifying business records would be showing that records were indeed falsified in the business records of an enterprise. Cohen has admitted being the bag man who delivered $130,000 in "hush money" on the brink of the 2016 election. Each check could be a separate "falsifying business records" charge, Moscow said.

☆ Allen Weisselberg could get more time since the Trump Org guilty verdict required jurors to find he lied
▼ + stars: | 2022-12-17 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

A judge could rule Weisselberg violated the deal because jurors, by their verdict, found he lied. He has been promised a five-month jail sentence as part of his August plea deal. But that deal required Weisselberg, 75, to testify truthfully against former President Donald Trump's real-estate company, where he's worked since the 1970s. "Weisselberg says over and over, 'I, together with the Trump Organization,'" Florence, now in private practice, noted of his guilty plea. Trump Organization lawyers have already promised to appeal the verdict itself.

"One of the best defenses to this matter is to delay, delay, delay." New York Attorney General Letitia James speaks during a press conference in New York on Sept. 21, 2022. "The core of that argument is the financial statements that were relied upon by these banks were marked as non-audited financials," Levin said. They know how to read these financial statements." "It's going to be very difficult to overcome some of that," Levin said of the inflated financial statements.

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