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Drudge Retort: The Other Side of the News
Monday, September 18, 2023

A loan shark who was freed from prison by Donald Trump in the last days of his presidency has been ordered to repay tens of millions of dollars to thousands of small businesses across the US. Jonathan Braun, who was serving a 10-year prison term on drug charges when Trump commuted his sentence in January 2021, is among four lenders who were ordered by a New York judge to cease all collection efforts, refund money to customers and provide a judge with a complete accounting of all funds collected over nearly a decade.

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... Jonathan Braun, who was serving a 10-year prison term on drug charges when Trump commuted his sentence in January 2021, is among four lenders who were ordered by a New York judge to cease all collection efforts, refund money to customers and provide a judge with a complete accounting of all funds collected over nearly a decade.

The ruling comes in a lawsuit New York Attorney General Letitia James filed in 2020, claiming Braun and others made thousands of illegal loans disguised as "merchant cash advances" to small businesses, charged annualized interest that sometimes exceeded 1,000% and defrauded and harassed borrowers.

The judge referred to Braun and the other defendants as "predatory lenders" and said in his decision that they gave false information in affidavits in the case.

James's lawsuit targets conduct that occurred before Braun went to prison on the drug charges in January 2020.

Citing a Bloomberg Businessweek report and other evidence, James's office had told the judge that Braun returned to the lending business not long after being released from prison in 2021. ...


#1 | Posted by LampLighter at 2023-09-18 03:18 PM | Reply

The demented, bankruptcy-prone------------ knows a kindred spirit when he sees one.

#2 | Posted by reinheitsgebot at 2023-09-18 03:43 PM | Reply

"If we don't get tough on drug dealers, we're wasting our time, just remember that, we're wasting our time, and that toughness includes the death penalty." - Donald Trump March 2018

"We're going to be asking everyone who sells drugs, gets caught selling drugs, to receive the death penalty for their heinous acts. Because it's the only way." - Donald Trump November 2022

Commutes sentence for New York drug kingpin/loan shark - Also Donald Trump

#3 | Posted by johnny_hotsauce at 2023-09-18 03:52 PM | Reply

I'm sure this will never be part of Der Dotard's competence test, which will come in the form of scrutiny for the conduct of his first administration. Who knew that healthcare/Iran/foreign trade/lunch could be so complicated, quoth the Dotard...

#4 | Posted by catdog at 2023-09-18 05:01 PM | Reply

TRUMP 2024!

Medals of freedom for fascist propagandists and pardons for predatory crooks!

#5 | Posted by SpeakSoftly at 2023-09-18 08:20 PM | Reply

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