Trump Pardon Recipient Fined $20 Million in Predatory Lending Case
Trump Pardon Recipient Fined $20 Million in Predatory Lending Case
Jonathan Braun, whose sentence for drug smuggling was commuted in the final hours of the Trump presidency, was fined over separate accusations that he bilked and threatened borrowers.
Jonathan Braun, whose sentence for drug smuggling was commuted in the final hours of the Trump presidency, was fined over separate accusations that he bilked and threatened borrowers.
When President Donald J. Trump, in his final hours in the White House in early 2021, commuted a 10-year drug smuggling sentence being served by a New Yorker named Jonathan Braun, he made no mention of Mr. Braun’s many other legal problems.
Months earlier, the Federal Trade Commission and the New York State attorney general had filed suits against Mr. Braun saying he swindled and intimidated borrowers who had taken money from a network of predatory lenders he ran, charging usurious interest rates and making violent threats.
On Tuesday, a federal judge in New York imposed $20 million in fines on Mr. Braun after finding him liable for the accusations made by the trade commission. Judge Jed S. Rakoff of the Federal District Court in Manhattan excoriated Mr. Braun in the ruling, depicting him as a hardened, craven man who “gleefully, with little remorse,” boasted about his illegal conduct and treated it as a “laughing matter” as he threatened the business owners he gouged.
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