Pretty much what the title says. I know he’s a former president and has all of his supporters, but what’s the official reason? Thanks.

  • Chef@sh.itjust.works
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    1 year ago

    I understand what you’re saying but the logic is a little flawed.

    Yes, they both committed fraud.

    SBF defrauded the crypto community, his investors, and FTX users.

    Trump defrauded lenders, property insurers, and various tax authorities (and via that tax fraud, the taxpayers of NY and possibly the USA.)

    SBF was charged criminally and found guilty. I assure you, the civil cases are coming against SBF. And the plaintiffs will most likely win those civil cases.

    Trump was charged civilly and found guilty. I assure you, the criminal cases are coming against Trump. And the plaintiffs will most likely lose those criminal cases.

    That’s the true difference.

    • Skullgrid@lemmy.world
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      1 year ago

      I assure you, the criminal cases are coming against Trump

      Fucking when, after he becomes president again and pardons himself, or after he croaks from obesity and dementia?

    • KevonLooney@lemm.ee
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      1 year ago

      the criminal cases are coming against Trump. And the plaintiffs will most likely lose those criminal cases.

      Bank fraud seems relatively easy to charge him with. If you knowingly provide false info on a bank document, it’s a federal crime. His signature on each loan application was a crime.

      You can’t tell the State of NY your building is worth $1 and tell the bank it’s worth $3. These banks literally had a procedure for dealing with his constant lies on bank documents. Large banks are federally regulated and it’s a federal crime to lie to them on your loan application.