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Velshi

TRUMP FRAUD RULING

Velshi

MSNBC

Msnbc, Politics, Weekend News, Ali Velshi, Government, News, News Commentary

4.8687 Ratings

🗓️ 17 February 2024

⏱️ 91 minutes

🧾️ Download transcript

Summary

Ali Velshi is joined by former Counsel to Donald Trump Michael Cohen, Pulitzer-Prize winning journalist David Cay Johnston, former Republican Congressman Joe Walsh, former Republican Congressman Charlie Dent, Independent Journalist Noga Tarnopolsky, Investigative Reporter with The New York Times Susanne Craig, former Executive Vice-President of the Trump Organization Barbara Res, Founding Partner & Washington Correspondent for Puck News Julia Ioffe, Author of ‘All Boys Aren’t Blue’ George M. Johnson, 101-year-old Activist Grace Linn

Transcript

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0:00.0

And good morning. It is Saturday, February the 17th. I'm Ali Velshi. We're not even two full months into 2024.

0:13.0

Donald Trump has already had quite a year. Politically, he has perhaps never been stronger.

0:18.7

He has dominated the Republican primaries and is on the fast

0:23.0

track to clinch the presidential nomination. But his life away from the campaign trail is an

0:29.1

entirely different story. In the eyes of the law, he's never been more vulnerable as his legal

0:33.9

problems intensify and the penalties for his misconduct pile up.

0:38.5

Yesterday, the former president was ordered to pay a total of $453.5 million for his company's

0:46.0

deceptive financial practices. That judgment includes $354.9 million in penalties,

0:52.7

plus $98.6 million in interest.

0:56.9

A monumental sum that the New York Times speculates could, quote, wipe out Trump's entire

1:02.9

stockpile of cash, end quote.

1:05.3

In addition, Trump is barred from personally running a company in New York for three years.

1:10.4

He cannot apply for a loan

1:11.7

from any banks in the state for that same amount of time. And severe penalties were also handed

1:16.6

down to the other defendants in the case. Trump's two eldest sons, Don Jr. and Eric, both of whom

1:23.0

are executives in the family business. They were ordered to pay $4 million each. Meanwhile,

1:28.9

two former Trump org executives, Alan Weisselberg and Jeff McConae, have been permanently banned

1:34.6

from serving in a financial management role for any company in New York. Weisselberg was fined

1:40.9

$1 million, and all four have also been barred from personally running a company in New York

1:47.2

for some period of time. This is the case that's often referred to as the New York civil fraud case,

1:54.3

but that shorthand masks the scope and nature of the misdeeds for which Trump has now been held liable.

2:01.5

Back in September, Judge Arthur and Gorin issued a summary judgment in the case

...

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