
“The New York State laws used to go after Trump have NEVER been used in this way…not a single bank claimed that it had been defrauded by Trump in the loans it had made to him. This is truly a victimless crime…James and Engeron have essentially turned a vaguely worded New York…
Think of all of the over valuations of assets that must take place in NY on financial statements every year and yet Trump is the ONLY high profile person ever to be sued under this obscure law. Banks did their due diligence. No one was harmed. Trump did not profit unfairly.
Trump is the ONLY PERSON EVER TO BE SUED UNDER THIS OBSCURE LAW. Critics have noted that Trump is the only person ever to be sued under an obscure New York fraud statute that does not require any harm be done, and that effectively criminalizes the everyday practice of real…

Former President Donald Trump faces a unique legal challenge in New York, where he has been fined $350 million under an obscure fraud statute that does not require proof of harm. This law has led to Trump being the only person ever targeted under its provisions. The case revolves around allegations of financial dishonesty, specifically that Trump's financial statements were inflated, a practice critics argue is not uncommon in New York's business circles. Despite the banks conducting their own due diligence and not claiming to have been defrauded, the court's decision to impose such a significant fine has sparked debate. Concurrently, Trump's potential financial future looks bright as his stake in Truth Social could be worth upwards of $4 billion if the company goes public. This juxtaposition of financial adversity and opportunity highlights the complex legal and economic narratives surrounding Trump post-presidency.