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New York Governor Reassures Businesses Following Trump Verdict: ‘Nothing To Worry About’

Governor Kathy Hochul addressed New York business owners’ concerns following a legal ruling against former President Donald Trump.

She emphasized that the ruling was a unique case that should not alarm law-abiding businesses in New York.

Trump’s Legal Consequences

Credit: Depositphotos – Milwaukee, Wisconsin / USA – January 14th, 2020: 45th United States President Donald J. Trump held a Make America Great Again Rally at UW-Milwaukee Panther Arena and gave a powerful speech. — Photo by samael1986

A New York judge imposed a $355 million fine on Donald Trump and banned him from conducting business in the state for three years.

This decision was the culmination of a civil fraud case that accused Trump of inflating his net worth.

The Basis of the Case

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The case against Trump, led by Attorney General Letitia James, concluded after a months-long trial.

It centered on allegations that Trump misrepresented his wealth for tax and insurance benefits.

Verdict of Fraud

Credit: Depositphotos – 21 February 2016: Republican Presidential candidate Donald Trump speaks to several thousand supporters at a rally in Atlanta, Georgia. — Photo by actionsports

Judge Arthur Engoron found Trump, his organization, top executives, and his adult sons guilty of fraud.

This ruling marked a significant legal setback for the former president and his business dealings.

Separation of Powers

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Hochul expressed her respect for the judicial decision, citing the importance of maintaining a clear separation of powers.

She stated, “We need a clear separation of powers,” underscoring her commitment to this fundamental principle.

Business Community’s Concerns

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The ruling against Trump raised questions among New York’s business community regarding the potential implications for other business owners.

Hochul’s interview with John Catsimatidis aimed to address and alleviate these concerns.

Extraordinary Circumstances

Credit: Depositphotos – BRUSSELS, BELGIUM – JULY 12TH, 2018: Press conference of Donald Trump, President of United States of America, during NATO (North Atlantic Treaty Organization) SUMMIT 2018 — Photo by gints.ivuskans

Hochul described Trump’s case as an “extraordinary, unusual circumstance.”

She reassured that businesspeople adhering to laws and regulations have nothing to fear from the justice system.

Upholding Legal Standards

Credit: Depositphotos – 11.07.2018. BRUSSELS, BELGIUM. Donald Trump, President of United States of America World leaders arrives for Working dinner, during NATO (North Atlantic Treaty Organization) SUMMIT 2018) — Photo by gints.ivuskans

New York’s governor reassured that the state’s business environment is built on honesty and rule-following.

She contrasted this with Trump’s behavior, which was found to be in violation of legal standards.

Judicial Independence

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Hochul highlighted the independence of the judiciary, emphasizing that the governor does not influence judicial rulings.

This independence ensures fairness and impartiality in legal matters.

Law-Abiding Businesses Safe

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The governor reassured New York businesses that honest practices shield them from legal troubles.

She affirmed that the state values and protects businesses that follow the rules and conduct themselves ethically.

Trump’s Rule Violations

Credit: Depositphotos – 12.07.2018. BRUSSELS, BELGIUM. Press conference of Donald Trump, President of United States of America, during NATO (North Atlantic Treaty Organization) SUMMIT 2018. ” — Photo by gints.ivuskans

The judgment against Trump was based on his failure to follow the rules, according to the judge’s findings.

Hochul pointed out that Trump’s prosecution was a result of his specific actions, not indicative of a broader threat to businesses.

Governor’s Role and Vision

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Hochul clarified her role in relation to the legal system, noting that she does not have a say in judicial decisions such as fines.

Her focus is on supporting a business environment where the rule of law prevails and ethical practices are the norm.

Read More From The Stock Dork

Credit: Depositphotos – 12.07.2018. BRUSSELS, BELGIUM. Press conference of Donald Trump, President of United States of America, during NATO (North Atlantic Treaty Organization) SUMMIT 2018. ” — Photo by gints.ivuskans
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