Court agrees to block collection of Trump's $454 million civil fraud judgment if he puts up $175M
Court agrees to block collection of Trump's $454 million civil fraud judgment if he puts up $175M
If former President Donald Trump posts the money, it will prevent the state from seizing his assets while he appeals.
A New York appeals court on Monday agreed to hold off collection of former President Donald Trump’s $454 million civil fraud judgment — if he puts up $175 million within 10 days.
If he does, it will stop the clock on collection and prevent the state from seizing his assets while he appeals.
Delay. Delay. Delay.
A couple of important details that got overlooked.
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Don Jr. and Eric Trump do not have to put up the $5 million each that they were fined. Those collections are being paused as well.
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The restrictions against Don Jr. and Eric Trump that would prevent them from running the business for 3 years has been lifted.
So much for that accountability. Can't wait to hear about the entire judgement getting tossed because an appelate judge decided that the Susan Collins rule of "He learned his lesson, and he pinky swears it won't happen again" applies.
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Because why should self proclaimed billionaires face consequences for their actions and statements. /sigh
ONCE AGAIN, Donald Trump is treated with the kid gloves by the courts. Inconceivable. On the day the judgement was to be collected, Trump gets an absolute boon from the heavens above with a 10 day extension and a bond requirement of less than half of the original sum? For what reason? Trump defrauded the American people. He does not deserve special treatment.
5 days ago I was downvoted for saying this would happen. Yet here we are.
Expect this judgement to get appealed and tossed completely. They can't do it all in one go as that's too obvious. Doing a slow roll. Randomly extending the deadline and slashing the bond amount is just the first step. Expect more. Each time easing up even more on Trump.
Breaking: Law Ignored For Trump Again
Ugh. Yet more special treatment. I mean, I'm disappointed but not suprised.
I'm sure courts are happy to arbitrarily halve bond judgements for low level drug offenders.
It's almost guaranteed that we will be back here in 10 days and he will be crying he can't secure the 175 million dollar bond either. It's not that insurance companies won't write a bond that high, it's that they are finally coming around to the fact that he is going to fuck them over no matter what.
Wow, just fucking wow. Once again you spineless fucks bend the knee to this piece of shit.
the world of the rich vs the average person...
This is such fucking bullshit. The rich live by a different set of rules than the rest of us.
For anyone in the same mood as I am today, I think I'll rent The Beekeeper later, where Jason Statham kills scores of evil motherfuckers, because they drove his friend to suicide. It is a very cathartic and satisfying film, and trust me when I say the themes are very relevant.
“Well, I’d like to see ol Donny Trump wriggle his way out of THIS jam!”
*Trump wriggles his way out of the jam easily*
“Ah! Well. Nevertheless,”
Why am i even following this charade… there is not Justice.
'Rule of law'. Lol.
FUCK THIS JUSTICE SYSTEM.
RIGGED AS FUCK
godDAMMIT
I was expecting further bullshit and a "justice" system that enables the same but I am still somehow disappointed.
Burn it all down
Someone just needs to end this already by any means necessary. If the justice system won't provide justice, someone else will.
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US is an oligarchy.
Is anyone still buying into these theatrics? They clearly aren't going to do anything to their both sides parties.
I’m numb. I care but I don’t. Nothing surprises me anymore. Fuck this guy and all his toadies.
Asking the Court to Stop Enforcement of the Judgment: Filing a Notice of Appeal does not stop or stay the winning side from taking steps to collect or enforce the judgment from the lower court. To put the collection on hold, you may have to ask the court for a stay. You may have to pay an amount of money equal to the judgment amount, called an undertaking, to the court while the appeal is being decided.
IANAL, but does that may put this within the courts abilities?
I know people have compared Taylor Swift's ability to pay, but whatever happened to Faux news and their almost billion dollar judgement? Did they manage to have the the cash? Thought Donnie was supposed to be personally wealthy which should make it easier to pull cash out his ass without having to consult a board or whatnot...
My optimistic side believes this is the courts humiliating him by publicly demonstrating that he is not an actual billionaire. They're aware that he has no ability to pay half a billion, and they want as much as they can actually get from him.
I still take say his properties away.
DIFFERENT RULES
This is the best summary I could come up with:
Trump’s lawyers had pleaded for a state appeals court to halt collection, claiming it was “a practical impossibility” to get an underwriter to sign off on a bond for such a large sum.
James, a Democrat, told ABC News last month that if Trump doesn’t have the money to pay, she would seek to seize his assets and was “prepared to make sure that the judgment is paid.”
As Trump arrived Monday at a different New York court for a separate hearing in his criminal hush money case, he didn’t respond to a journalist’s question about whether he’d obtained a bond.
“Finding buyers for assets of this magnitude is something that doesn’t happen overnight,” he said, noting that at any ordinary auction, “the chances that people are going to be able to bid up to the true value of the property is pretty slim.”
Trump’s debt stems from a monthslong civil trial last fall over the state’s allegations that he, his company and top executives vastly puffed up his wealth on financial statements, conning bankers and insurers who did business with him.
Trump and his co-defendants denied any wrongdoing, saying the statements actually lowballed his fortune, came with disclaimers and weren’t taken at face value by the institutions that lent to or insured him.
The original article contains 894 words, the summary contains 214 words. Saved 76%. I'm a bot and I'm open source!
There was no way anybody was going to let him sell his properties in a fire sale with commercial real estate being in such a precarious position already.
Why am I only mildly surprised?
The thing people forget, half of NY's "real estate moguls" probably commit the same fraud, perhaps to a lesser extent and Broke Don was just caught with his pants down. But those business folk are of course whispering everywhere that this ruling could bankrupt NYs real estate market...
I do find it rather strange how it is worded "an appeals court has decided" ... so is this ANOTHER appeals court that is meddling with the court case of the original court and the upcoming appeals court? Or are/will these be the same folks who will decide on the coming appeal case? If the latter I will start assuming they'll throw the judgement out on a technicality ("the business in question is now located in Florida so there is no jurisdiction in NY" Or something lame like that)
Also it is unclear to me what their decision is based on, if the law states that on appeal a bond for the full amount needs to be met, how can they lower it just like that? Especially since Broke Don claims to swim in Billions of dollars... I can see the REASONING of wanting to lower it but I would think the law does not give leeway on it.
I could only think of just allowing a seizure of the assets but blocking them from sale while the appeal goes up, that seems a lot fairer than what they did here.
Frankly I am stunned how more and more explicit the justice system is openly breaking the US laws just to keep Broke Don in the saddle... is there anyone who can really stop them doing that?
Meanwhile I will not be surprised if the appeal for this case, and others will just get delay stacked on delay until well beyond the elections, probably stuffing it all in 2025. This under the feared and silent assumption the dictator from day 1 will have his Golden Throne from which he will excrete his decrees of revenge under his claimed full authority, impunity and immunity.
Can a broke single parent get such mercy?
Well shit, what the fuck am I supposed to do with all this popcorn?
This article has some interesting info for normal people trying to get their bail reduced.
- The court isn't allowed to force you to go to jail by setting the bail so high that you can't afford it.
- The court is required to give a reason for the bail amount, but it's not clear if the reason would be public information.
News about Trump and the legal system for the past 8 years:
So "rich" he doesn't have to pay full price.
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this is one of the many problems with turds like the oompa loompa, turds are slippery.
At what point can we start rioting. The game is so fucking rigged and they are not even trying to pretend anymore. I’m ready to burn this shit to the ground.
Boooo!
How?
