Trump this.

[Alistair]

 

[Alistair]

 

[smokeshadow]

SCATHING doesn't do justice to the Judge's ruling

'Borders on Pathological': Judge Decimates Trump in Fraud Ruling

New York Supreme Court Justice Arthur Engoron’s 92-page ruling fining Donald Trump approximately $364 million includes the jurist’s scathing observations about Trump and his executives’ practices. In an almost literary section of his ruling titled, “Refusal to Admit Error,” Justice Engoron...

www.thenewcivilrightsmovement.com

 

[rareboy]

I will still take bets that Trump can tie this up in Appeals and will never pay a dime in fines.

In the background, there are hundreds, if not thousands of developers and property owners who keep multiple sets of books who are on Trump's side, although they ought to be really pissed that he has attracted this attention.

And the banks and lenders also likely did know what was going on, but as long as Trump could keep laundering money through them...it was all good.

 

[KaraBulut]

I will still take bets that Trump can tie this up in Appeals and will never pay a dime in fines.

He has to come up with the full amount of money for the appeal bond... assuming he is able to come up with the cash. Because the judge included interest in the judgment, the $350 million is likely to be over $400 million once interest is calculated. He has 30 days to come up with the money.

Or maybe the question is, "Which Russian oligarch or Saudi prince is going to front him the money for the bond?".

 

[TX-Beau]

I will still take bets that Trump can tie this up in Appeals and will never pay a dime in fines.

In the background, there are hundreds, if not thousands of developers and property owners who keep multiple sets of books who are on Trump's side, although they ought to be really pissed that he has attracted this attention.

And the banks and lenders also likely did know what was going on, but as long as Trump could keep laundering money through them...it was all good.

Toad got into the shady banking business because he's been persona non grata with the reputable ones for decades. They wouldn't lend him money before this and won't start now.

Toad doesn't pay his contractors, so the building industry is not going to be on his side. His success as a "developer" is one of failure; the actual real estate developers aren't going to run to his side either.

 

[TX-Beau]

He has to come up with the full amount of money for the appeal bond... assuming he is able to come up with the cash. Because the judge included interest in the judgment, the $350 million is likely to be over $400 million once interest is calculated. He has 30 days to come up with the money.

Or maybe the question is, "Which Russian oligarch or Saudi prince is going to front him the money for the bond?".

He's going to try and attack the bond. Whether that succeeds is an open question. I'm not sure there are a lot of Russian mobsters with that much cash to spare these days. It seems to me that the countries sanctioning Russia would love to track down where it's been hidden.

 

[rareboy]

I think he will attack the bond as well.

And I also doubt that there are many rrrzzzian oligarchs with that much free cash...certainly anyone ponying up the cash for Trump will basically be under a microscope...no one is going to want that since all the money will be dirty. It also would put a direct spotlight on who owns Trump if he becomes President.

Because that is a lot of leverage to have. So if the Sauds give it...they will be looking for something more in return. Although having said this...maybe Jarhead and Ivanka still have a bowl with half a billion in the back of the fridge from the 2 billion he scored for providing MBS with state secrets.

Best thing would be for Trump to ram through a sale of Trump Tower or some other properties for 500 million to cover E. Jean Carroll and this bond to a consortium of buyers with a covenant that would allow him to buy it back at the same price if he is successful in his appeal.

Problem is, a deal like that would have required months to put together.

 

[gsdx]

New York law dictates that the judgment must be paid and held by the state before the appeal process can even begin. Above that, the interest is calculated from the day the complaint was filed, which was about 4 years ago (if I remember correctly). The total is already over a half-billion.

 

[rareboy]

Just some thoughts on the judgement....

 

[TX-Beau]

New York law dictates that the judgment must be paid and held by the state before the appeal process can even begin...

That's true until some judge decides it isn't. Toad won't call it an appeal; he'll say the bond is illegal on its face, and someone has to address that. Then it wanders up and up until it's decided by Uncle Thomas and the Nine. If Toad gets a sympathetic judge, this can go on forever.

Our Justice system was designed to be ponderously slow.

I suspect it's a long shot, but the possibility of him skating out of this is definitely there.

 

[rareboy]

I still wish they had cancelled the business licences.

That would have finished the family for once and for all.

His niece, Mary Trump thinks that the ruling yesterday is the end of the Trump empire, but with failure after failure over the decades it never has stopped the 'Brand'.

Be interesting to watch though, whether the baby 'Scion' brand will re-emerge for any new deals.

I suspect that for any properties TrumpCo. still manages, but doesn't own, there will be a push for more damnatio memoriae, with the Trump label now seen as a negative brand.

 

[rareboy]

That's true until some judge decides it isn't. Toad won't call it an appeal; he'll say the bond is illegal on its face, and someone has to address that. Then it wanders up and up until it's decided by Uncle Thomas and the Nine. If Toad gets a sympathetic judge, this can go on forever.

Our Justice system was designed to be ponderously slow.

I suspect it's a long shot, but the possibility of him skating out of this is definitely there.

And this is why I don't think he will ever pay out.

He has the option as well to post an appeal bond versus the full amount as I read it...so paying out 45 to 50 mil is still a lot easier to manage than depositing the full amount in cash.

 

[rareboy]

 

[KaraBulut]

...He has the option as well to post an appeal bond versus the full amount as I read it...so paying out 45 to 50 mil is still a lot easier to manage than depositing the full amount in cash.

Engoron seems to have foreseen the possibility of an appeal bond and barred Trump from doing business with New York based lenders which is why I suspect that there will be overseas lenders in play.

Even with an appeal bond, he's going to have to put up some cash and collateralized properties that equates to the amount of the judgment and interest. I don't see the State Attorney General's office letting him off with anything less.

Trump has been on the search for an appeals attorney (having figured out that Habba was in over her head). I don't know that he has found one yet.

https://www.reuters.com/legal/judge-set-rule-trumps-370-million-civil-fraud-case-2024-02-16/

Trump could be required to deposit his portion of the full judgment plus interest during an appeal. Trump could also post a smaller amount with collateral and interest by securing a type of loan called an appeal bond. But he may have trouble finding a willing lender after Engoron found he lied to banks about his wealth.

It is unclear how much access to cash Trump has, and estimates of his fortune vary, with Forbes pegging his net worth at $2.6 billion. Trump testified in a deposition last year that he had roughly $400 million in cash.

Trump's stake in the parent of his social media app Truth Social is worth about $4 billion, based on how the shares of a blank-check acquisition vehicle with which it has agreed to merge trade. Trump will be allowed to sell shares in the combined company six months after the merger is completed, according to a regulatory filing. U.S. financial regulators greenlighted the deal this week.

While Trump could also sell of parts of his real estate portfolio to satisfy the judgment, it is unclear how much his holdings are worth, and selling them could take time. Trump will not be able to use campaign funds to pay the judgment because the case was not related to his campaign or his conduct as a president or political candidate, according to some legal experts.

 

[rareboy]

It is hilarious....the GoFundMe for $355,000,000....but I gotta hand it to the millionaire's wife who started it...it is like a great grift for her.

Stand with Trump; Fund the $355M Unjust Judgment, organized by Elena Cardone

My name is Elena Cardone and I am a wife of Grant Cardone, mother and … Elena Cardone needs your support for Stand with Trump; Fund the $355M Unjust Judgment

www.gofundme.com

When I checked, there were only 23 donations of $500 or more....the saps throwing their 20's and 10's at thisw scam aren't even going to make a dent in the interest payment.

 

[rareboy]

Good backgrounder on the rise and fall of Trump. What a horrible father and son duo.

Trump’s hubris has brought about the downfall of his family’s business empire | Sidney Blumenthal

Even the fortune Trump inherited from his father did not stop him from steering the family’s dynasty on to the rocks

www.theguardian.com

 

[smokeshadow]

A simple question. . .Come November, when the Donald looses the Presedential election by greater margins than he did in 2020 (both popular vote & electoral college); does he repeat the last 4 years of denial, lies and obsfucation, or does he go away quietly? IMO, his inate calling won't let him just go away

 

[cityboy-stl]

A simple question. . .Come November, when the Donald looses the Presedential election by greater margins than he did in 2020 (both popular vote & electoral college); does he repeat the last 4 years of denial, lies and obsfucation, or does he go away quietly? IMO, his inate calling won't let him just go away

I expect mass chaos, to put it mildly.

 

[rareboy]

That is hard to say.

People have had the opportunity to see that there are actual legal consequences to insurrection.

And different times, when there has been a fear of TrumpHorde turning out and cuasing mayhem...they have shown up by a few dozen.