Judge fines Trump more than $300 million, bars from running businesses in New York for three years
Judge fines Trump more than $300 million, bars from running businesses in New York for three years
The former president denied any wrongdoing, calling the case "a fraud on me."
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Oh and important fact:
The judge stipulated that the fines CANNOT BE PAID VIA CAMPAIGN FUNDS.
Fat Ass can't run to his useful idiots. It has to be paid via assets and company funds.
#FIRE SALE FRIDAY!
But it can be paid by a PAC.
So basically the same thing.
His entire campaign raised ~$330M in 2016 election cycle. At the very least it's a massive hit to the funds they have to spend.
He's going to try to stiff the court. I'd bet money on it. He's going to hide behind his lawyers and try to claim the law doesn't apply the same way to an ex president. Just to delay long enough for the election.
The real test of our democracy will be whether or not they just arrest him when he tries that.
Not possible in this case, unless appeals court stays judgement then he's only got 30 days from now to pay up, or else the government can start seizing assets.
There's already a ban on transferring assets, and his businesses will have a court appointed monitor who will have the authority to review ALL payments the company makes. Also he can't cover the payment with loans from any bank or other financial institution registered in New York, which is most of them, lmao
In order to appeal he has to put 110% of the amount owing in escrow.
Who gets to start seizing property first? The State of New York or E Jean Carroll?
I assume Carroll, as her judgements deadline to pay will come sooner.
Uh, I don't think New York law provides for debtors' prisons anymore. Those went out of style in the 1700s.
The way a court actually handles an unpaid judgment is it just orders the seizure of any property the debtor does own. It doesn't need permission.
That's fair. It'd be more than the court has done so far
Worth pointing out that there's interest on it until it's paid. Currently NY interest on judgements is 9%.
At what point do they take assets?
No clue, but the interest will pile up until they do
Presumably after the deadline stated in the order.
DeSantis has previously stated he won't extradite the Cheeto to NY. So in event of arrest warrant he'd just stay away from NY like he already does or til he is president and he isn't able to be arrested over that.
So they seize the assets of his companies in NY and he can never do business there again. I'm sure they'd see this as an absolute win.
He can crash on Ronda's couch when they seize Mar-a-Lago
He's going to try to stiff the court.
If he does, they can seize assets.
But does that count as actual campaign funds or campaign funds + PAC money? Because the latter is the issue. PAC money can be spent however the PAC wants on whatever the PAC wants and PACs can also be funded with donations of any size (and by anyone from any country). Thanks, SCOTUS.
That's like four trillion rubles.
He has a leadership PAC. That is where you put the explicit bribes.
He can direct the money to pay his legal bills.
This whole thing seems like what would be a slap on the wrist for those of us who aren't fabulously wealthy and powerful.
With as much as his name is in the headlines, he may not have to spend as much.
His base seems willing to prove the old adage "I don't care what they say about me in the papers, as long as they spell my name right ".
Aren't they broke now? He already spent it on legal fees up to this point.
I mean, that's what Trump's financial paperwork says, so we really have absolutely no idea
I think the financial monitor was added on for three years too, so they got people watching, hopefully.
I mean the PACs that people were donating to instead of the GOP, didn't something like $40,000,000 go to pay lawyers and such for Trump?
I would rather he pay with campaign funds. I don't care how rich he is, I want him to fail in the 2024 election.