The american legal system is catered to one principal:
if you owe your bank $10 that’s your problem, if you owe your bank $10 billion dollars, that is your banks’ problem.
This is why salespeople and scammers flourish in america: get enough loans and debt and you can uno reverse any monetary problem here but often rich people and bullshit artists are the only ones who have enough collateral to get that kind of debt.
The courts are designed to take a lifetime to figure that kind of stuff out - it keeps going as long as you have money. This is why republicans are obsessed with the estate tax: if you pass it on to your kids before the scam gets sorted out, all the ill gotten gains are laundered.
AA5B@lemmy.world 20 hours ago
My understanding is the not paying people is “legit” in that the remedy is the courts but his lawyers are good at making it too costly to pursue. If they believe they weren’t paid, they should sue: notice there are few judgements against him like that.
It’s just like all his shell companies. During the first reign of terror, there were articles that they found over 500 companies with payments going back and forth so the web was impossible to decipher and there were always Trump owned companies with huge losses/writeoffs. I don’t remember them actually finding anything illegal but it sure smells like it. He even bragged it was so complex that the irs didn’t have enough auditors to dig through that for tax fraud. It was almost a dare. What happened to that?