Crash Course
Trump vs. His First Big Fraud Verdict
Dec 19, 2023
The podcast discusses Donald Trump's civil fraud trial in New York, where a state judge will rule on the case. If found guilty, Trump may face a $250 million fine and be banned from doing business in New York. The episode explores the role of prosecutors in society, Letitia James' case against Trump for financial fraud, his use of inflated valuations for his assets, his unusual behavior as a defendant, and the impact of his legal cases on the rule of law and democracy.
43:04
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Quick takeaways
- The outcome of Donald Trump's civil fraud trial in New York will test the rule of law and determine the potential consequences of his actions.
- Dealing with Trump as a defendant highlights the importance of judges upholding the rule of law and the need for public vigilance in defending democratic institutions.
Deep dives
The New York State Attorney General's case against Donald Trump
The New York State Attorney General, Letitia James, has sued Donald Trump, his company, his three eldest children, and two officers of the company for financial fraud. The defense argues that Trump's exaggerations are typical and that no one was harmed. The case focuses on allegations that Trump inflated and deflated asset values for the purpose of securing loans and reducing his tax bill. The judge has indicated liability on the first cause of action, and the ruling, scheduled for next month, will determine the potential damages. The outcome will be significant, as it will test the rule of law and address the consequences of Trump's actions.
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