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NY EXECUTIVE LAW 63 (12): AND THE FALL OF THE HOUSE OF TRUMP?
Manage episode 401714694 series 3321253
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NY EXECUTIVE LAW 63 - SECTION 12 HAS BEEN ON THE BOOKS FOR 70 YEARS AND IS RESPONSIBLE FOR HOLDING BUSINESSES ACCOUNTABLE FOR HUNDREDS OF MILLIONS OF DOLLARS. HERE IS A SHORT LIST OF COMPANIES THAT HAVE BEEN SUED USING 63-12: OIL GIANT EXXON MOBIL, GLOBAL BANK UBS, THE TOBACCO COMPANY JUUL, AND MARTIN SHKREILI AND HIS FORMER PHARMACEUTICAL COMPANY THAT PUSH OPIOIDS ON AMERICANS.
NOW, IT MAY BE RESPONSIBLE FOR THE FALL OF THE HOUSE OF TRUMP.
WHEN TRUMP CLAIMS, "IT'S NEVER BEEN USED BEFORE," HE'S NOT TELLING A LITTLE LIE. IT'S A PRETTY BIG ONE. BESIDES BEING USED TO SUE HUNDREDS OF COMPANIES FOR BUSINESS FRAUD, TRUMP HAS BEEN SUED TWICE UNDER 63 - 12! ONCE FOR CHEATING UNSUSPECTING WOULD-BE STUDENTS IN THE TRUMP UNIVERSITY SCAM, AND ALSO FOR THE TRUMP FOUNDATION CHARITY RIP-OFF THAT HURT VETERANS, THE NEW YORK MEAL-ON-WHEELS PROGRAM AND MANY OTHERS.
AND NOW 63 12 HAS COME DOWN HARD ON TRUMP. THE FINANCIAL PENALTY IS STAGGERING, BUT THE APPOINTMENT OF AN INDEPENDENT MONITOR, AN INDEPENDENT DIRECTOR OF COMPLIANCE, AND THE INABILITY TO CONDUCT BUSINESS FOR A FEW YEARS IS BRUTAL PUNISHMENT FOR A MAN WHO HAS ALWAYS BEEN BOSS.
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