There’s a reason we have laws against fraud.
Former president Donald Trump speaks after exiting the courtroom for a break at the New York State Supreme Court on Dec. 7. Donald Trump’s real estate empire shall live to grift another day. So declared a court Monday in ruling that the former presidentEven so, that eye-popping sum has fueled criticism that prosecutors are pursuing Trump too zealously. The objections usually boil down to two arguments: First, that Trump’s white-collar cases are “victimless” and therefore not worth enforcement.
The reason we outlaw fraud, among other misbehavior, is to facilitate trust in business transactions. If I sign a contract to pay money in exchange for some service, I want to be confident that the promised service will be delivered. Or that if it isn’t, there will be legal consequences — regardless of the other party’s fame, wealth or political connections.
The political fallout of these cases is ambiguous. Being held accountable for crimes and civil infractions might make Trump more popular with some voters and less popular with others. The net effect could well be a wash.
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