• neatchee@lemmy.world
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    8 months ago

    EDIT: Looks like this judgement was lifted yesterday. TIL

    ~~No, he can’t walk into any bank, because he is literally barred from taking any loans from banks in New York. That was part of a previous judgement. And since many of the biggest American financial institutions operate out of NYC, he’s pretty fucked in that regard.

    He would have to rely on wealthy friends (who are extremely wary of his situation) or foreign banks that will offer him incredibly predatory conditions since they know he has no choice but to accept~~

    • KevonLooney@lemm.ee
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      8 months ago

      The man’s CFO is in jail for fraud. I believe the NY AG referred evidence of Bank Fraud to the Justice Department. That’s a federal crime.

    • One_Honest_Dude@lemmy.world
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      8 months ago

      When the appeals court told him he had to post full bond they put a stay on the judgements that barred him from getting loans in NY and the one that prevents him from running a business. So until his appeal process is complete he can still get loans from banks in NY. And everyone with an interest in these crooked feelings, likely including NY banks, wants this overturned and will be willing to help him through that process.