Appeals Court Bails Trump Out of Having to Post Massive Fraud Bond
Appeals Court Bails Trump Out of Having to Post Massive Fraud Bond
A New York appeals court has blocked the collection of Donald Trump's fraud judgment, ruling that he has 10 days to post a $175 million bond.
Donald Trump was supposed to have to post a $464 million bond by Monday or else the state of New York could begin collecting on the massive civil fraud judgment leveled against him earlier this year. An appeals court bailed him out, blocking collection of the judgment and giving the former president 10 days to post a drastically reduced $175 million bond.
The order is a huge win for Trump, whose assets were going to be subject to seizure if he couldn’t post nearly half-a-billion dollars by Monday. His lawyers said last week he wasn’t going to be able to come up with the money after 30 underwriters rejected him. The New York Times has reported that Trump is expected to be able to scrounge the new, reduced $175 million bond
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That's bullshit. Just more laws that don't apply to this traitor.
Trump undervalued his properties to the IRS and overvalued them to investors. And now the courts are allowing him to undervalue them so he doesn't have to face the consequences of his fraud.
I remember, many years ago before the first time he ran, I read he and his buddy lawyer giuliany were neck deep in shit and Stormy also had a solid case. I was like "that's it. now he goes to jail." but lo and behold, here we are and he's free and running again.
Maybe it's true what people say: Flying is like falling and missing the ground. (I think it's based on something Douglas Adams wrote.)
Was that when he was referenced something like "Co-Conspirator #1 who went on to lead a successful campaign to become president of the United States"?
I remember that too and thinking "oh shit, he's fucked now!" But nope. Our political system is so broken that he really is above the law and consequences. Not sure why we went through with the whole American Revolution thing just to end up in a place where there are figurative kings held to a different standard than the rest of us peasants.
We really need a law that says when you tell the IRS what your property is worth they are allowed to buy it at that price; if they later find out you represented it at a higher value to others.
Eh. This was a pretty political trial. "Over valued his holdings" oh probably a little, but value of real estate isn't fixed. The bank reps would have to be completely incompetent or maybe they agreed with the valuations.